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23 Apr 2023 05:57

💰 Solana Introduces New Real-Time Carbon Emissions Dashboard To Limit Bad Impact

The Solana Foundation has announced real-time emissions monitoring for the Solana blockchain, which is a huge step toward sustainability. The foundation worked with Trycarbonara, a carbon data platform, to develop an emissions tracker that would be embedded in Solana nodes. According to the foundation’s blog, this is the first large smart-contract blockchain to quantify carbon emissions in real-time.

Solana will begin frequently updating a dedicated dashboard with statistics tracking important environmental parameters for the network, including energy usage, carbon footprint, and network power intensity, among other data, starting today. The dashboard receives real-time data from software placed on the validator nodes, although it is only updated every two weeks. The emissions tracker, created in partnership with the carbon data portal Trycarbonara, collects information from on-chain data as well as data directly obtained from a representative sample of Solana validators. According to Carbonara’s dashboard, Solana’s servers released 10,651 metric tons of carbon dioxide in the 12 months before April 1, 2023.

Source

@TradeCryptoNow

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21 Apr 2023 05:45

📣 Bankman-Fried’s Attorneys Having Trouble Monitoring His Parents’ Phone

According to Decrypt, attorneys representing Sam Bankman-Fried said that they had experienced unforeseen problems while seeking to comply with the court’s particular bail requirements. The problem is that he installed software on his parents’ cellphones that took images of the user every five minutes in order to continually monitor who was using them. The defense claimed it is looking at other ways to monitor Bankman-Fried’s parents’ mobile phones, as required by the ruling.

Although the type of phone used was not mentioned, current smartphones have improved their security protections, such as app sandboxing, a security approach that isolates programs in a limited environment, safeguarding the device’s operating system and other data from possible damage. It establishes a “safe zone” for programs, reducing the effect of harmful malware or vulnerabilities. Apple released a new lockdown mode for iOS 16, iPadOS 16, and macOS Sierra in October. The optional security feature is intended for users who are vulnerable to sophisticated digital threats, and it restricts device functions such as online surfing limitations and limits incoming FaceTime calls to decrease spyware exposure.

Source

@TradeCryptoNow

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19 Apr 2023 07:22

🪙 Staked ether deposits surpass withdrawals for the first time since Shapella upgrade

The surge in outflows of staked ether seen after Ethereum's Shapella upgrade enabled withdrawals for the first time has stopped after less than a week, with traders once again staking more ether than they're unlocking. Over the past 24 hours, nearly 95,000 ETH was deposited and just over 27,000 ETH was withdrawn, creating a net positive flow of almost 68,000 ETH, according to data provider Nansen.

Even so, the total amount of ether pending withdrawal remains just under $2 billion in value at nearly 927,000 ETH. That's down approximately $1 billion from its post-Shanghai high of over $3 billion. Though the analysts claim that withdrawals may continue to grow in the short term, they also noted that withdrawals do not necessarily indicate an intent to sell. Instead, users may rotate their withdrawn ether to different validators or staking providers. Indeed, the price of ether has broadly increased alongside Ethereum's Shanghai upgrade. It is currently trading above $2,100. The Shapella update for Ethereum — the first significant modification since the protocol shifted away from the energy-intensive proof-of-work.

Source

@TradeCryptoNow

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17 Apr 2023 09:43

📣 Zipmex Investor Reneges on 100% Payment, Now Seeks to Slash Buyout Deal

Zipmex’s investor is proposing a new deal that would see them pay the crypto exchange’s creditors far less. Zipmex’s rescue plan could face some challenges as the crypto exchange’s investor is now asking to pay a fraction of its debt, as against the pledge to make a 100% payment. The distressed company is, meanwhile, planning to further extend its creditor protection to seek out new investors.

Zipmex’s investor is proposing to pay the Thai crypto exchange’s creditors about 10 to 20 percent of the amount owed to them, as stated in a letter the firm wrote to the court in charge of its restructuring. The investor’s new proposal is significantly different from the original buyout proposal, which promised to make a full payment to creditors. As previously reported by CryptoPotato, V Ventures signed a deal with Zipmex in December 2022 to acquire 90% of the troubled crypto exchange for $100 million in cash and crypto tokens. The crypto part of the payment was supposed to be used to gradually unlock customers’ frozen wallets by April 2023.

Source

@TradeCryptoNow

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15 Apr 2023 07:37

💰 Arizona Governor Opposes State Bitcoin Mining Support Bill 1236

Arizona’s governor, Katie Hobbs, used her veto authority to oppose legislation that would have generally prohibited local governments from charging persons and businesses who maintain blockchain nodes. Arizona Senator Wendy Rogers proposed the measure that Governor Katie Hobbs just rejected in January. The bill’s adoption would have made Bitcoin legal cash in the state and barred municipalities from taxing domestic cryptocurrency mining.

Arizona Bill 1236, initiated in January, attempted to reform blockchain-related legislation, primarily by reducing or eliminating state-level supervision and node operator fees. According to Hobbs, the measure prevents municipal policymaking about a new and possibly energy-intensive economic sector. She also said that the bill fails to include local stakeholders. As a result, her veto might allow for more stringent control of cryptocurrency mining. Hobbs’ letter implies that she has vetoed Senate Bill 1236. This law seeks to guarantee that taxes and levies levied on blockchain mining node operators are a statewide problem rather than a local or regional one.

Source

@TradeCryptoNow

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13 Apr 2023 07:35

🪙 Ethereum rewards worth over $2 billion will be liquid in first five days after Shapella

More than 1.1 million ether — worth $2 billion — in accrued validator rewards will be available to be claimed, according to on-chain estimates, following Ethereum's Shapella upgrade set to take place today. Shapella will finally allow users and validators to access their staked ETH, which has been inaccessible since Ethereum introduced its staking layer, the beacon chain, in December 2020.

The upgrade will enable regular depositors, independent validators and those utilizing staking service providers to access rewards accumulated over the past two years. These rewards will be paid out in "partial withdrawals" representing 6% of the total 18 million ETH currently staked on the network. Two withdrawal options will be available through the Shapella upgrade: partial and full. Partial withdrawals will be distributed to validators automatically, maintaining their validator balance at 32 ETH. In contrast, full withdrawals involve closing the validator and recovering the entire staked balance.

Source

@TradeCryptoNow

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11 Apr 2023 08:46

📣 Justin Sun: SEC Lawsuit Doesn’t Affect TRON and Huobi’s Expansion Plan

Today’s interview with TRON founder, Justin Sun, revealed the SEC’s allegations failed to affect TRON’s business and Huobi’s expansion plans. TRON founder Justin Sun recently accepted an exclusive interview with Wang Feng, editor-in-chief of FT Chinese Network. During the interview, Justin Sun answered market concerns such as the SEC’s response plan, Huobi’s situation as a WTO ambassador.

Sun stated that the U.S. Securities and Exchange Commission (SEC) lawsuit did not have a material impact on the business and users of TRON and BitTorrent and that the related case does not involve Huobi. Previously, there were some comments that the SEC lawsuit and the TRON founder’s tension could affect Huobi’s development plans because he is responsible for being a global advisor for Huobi. In the interview, he said that the legal team would handle the SEC’s response to the lawsuit and that the case would not affect Huobi’s plans to move its Asia headquarters to Hong Kong. Regarding handling recent HT currency price fluctuations.

Source

@TradeCryptoNow

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09 Apr 2023 08:10

📣 Starknet Warns Users Should Beware Of Scams Airdrop

Through the recent airdrop of Arbitrum, the crypto community is excited and really wants other Layer 2 to “learn” to follow. However, this is also the time for scammers to take advantage of stealing user assets. There is a good chance that Starknet will have a native token airdrop, however, now is not the time. The Ethereum Layer 2 network Starknet tweeted a reminder that there are currently a large number of false private messages.

Starknet employs ZK-Rollups technology, which allows dApp developers to create dApps of any size while maintaining the security inherited from Ethereum. The contract and the Starknet operating system are built in Cairo, a programming language that allows for the deployment and scaling of dApps that aren’t bound by business logic. It is no coincidence that the news related to the airdrop has been very hot recently, an airdrop of one of the leading Layer 2 platforms like Starknet will be a driving force to attract the community. Here are some fake news that Coincu collected:

Source

@TradeCryptoNow

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07 Apr 2023 06:37

📣 GMX Proposed Allocate 1.2% Of Fees Revenue To Chainlink’s New Services

In order to make its protocol more durable and decentralized, GMX has recommended Chainlink as an Oracle partner for its V2. The proposal proposes allocating 1.2% of the protocol fees earned by the GMX Protocol to the services of Chainlink and the Chainlink Network for future development and technical support of their low-latency Oracle solution used by the protocol. Protocol fees include user costs, which are presently intended to include position open/close fees.

Chainlink’s new low-latency oracles were created to meet the demands of perpetual exchanges and other price-sensitive DeFi products by delivering granular real-time market data for crypto and non-crypto marketplaces on the V2. This proposal introduces a necessary infrastructure solution and development partner to assist GMX with its important oracle-related requirements, closely aligning Chainlink with GMXs continuing expansion as a leading decentralized perpetual exchange. If governance accepts the use of low-latency Chainlink feeds for GMX V2, Labs, and contributors are ready to execute the necessary agreements and revisions to include them in the protocol.

Source

@TradeCryptoNow

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05 Apr 2023 06:50

📣 Sei Network To Launch The Second Phase Of The Sei Sunken Treasure NFT

Layer 1 public chain Sei Network announced that it would launch the second phase of the Sei Sunken Treasure NFT event at 9:00 p.m (UTC) on April 5, Seilors will be able to unbox their Sunken Treasure NFT and determine rarity. Sei Sunken Treasure NFT is a Sei Labs-created event. To give NFT to other users, participants must complete 25 transactions on the Sei Atlantic 2 Testnet. Sei Network said it had minted more than 600,000 Sei Sunken Treasure NFTs since March 15.

Sei Network is the world’s first Layer 1 blockchain devoted to orderbook development, built exclusively for decentralized finance (DeFi) with the purpose of creating the greatest infrastructure for DeFi. Sei is based on the Cosmos SDK and employs the Limit Order Book (CLOB). In the Cosmos ecosystem, Sei Network serves as a decentralized finance infrastructure. Since Sei Network supports inter-blockchain (IBC) communication, any Cosmos-based dapps may make use of its IBC features. The project has verified that it would donate 1% of the entire supply to Airdrop for those who participate in the Incentivized Testnet program and have a chance to test the network.

Source

@TradeCryptoNow

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03 Apr 2023 05:08

🚨 DeFi Cross-Chain Solution Allbridge Exploited For $570,000

BNB Chain pool Cross-chain solutions provider Allbridge has been hacked for $570,000, according to blockchain security firm Peckshield. Peckshield first identified the hack and notified Allbridge about the possible manipulation of its swap-related formula. According to the firm, the hacker manipulated the pool swap price by acting as a liquidity provider and a swapper which enabled them to drain the pool of 282,889 BUSD and 290,868 USDT.

Allbridge confirmed the incident and temporarily shut down the bridge for further investigations. The firm pointed out that the hacker first flashloaned 7.5 million BUSD, swapped two million to BUSD, and deposited five million to the BUSD pool. Then, the attacker changed 500,000 BUSD to USDT and deposited two million USDT to the USDT pool. Another blockchain security firm Certik corroborated reports of the Allbridge exploit. According to the firm, the attacker stole approximately $549,874 by manipulating the liquidity pool’s swap price. Certik detailed how the attacker used these funds to manipulate prices.

Source

@TradeCryptoNow

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01 Apr 2023 05:28

📣 Crypto's 'terrible risk management' has been 'washed away:' Galaxy Digital CEO

Galaxy Digital CEO Mike Novogratz believes most "bad actors" and "terrible risk management practices" in crypto have been swept away. For companies that have managed to survive thus far, the risk going forward is a lack of capital flowing into the space, with institutional adoption still shy following the slump in cryptocurrencies and various bankruptcies in the industry, Novogratz said during a Barclays Crypto & Blockchain Summit fireside chat aired on Thursday.

The company this week disclosed a $1 billion net loss in 2022 and said that it expects to turn a profit in the first quarter of this year. During an investor call on Tuesday, Novogratz said that the banking crisis and the way the U.S. has abused cheap debt have helped prove the whole thesis behind crypto. Thinking back to the weekend that culminated in the shutdown of Signature by regulators, Novogratz said that Galaxy was never in a position of not knowing where to put its money. While Signature and Silvergate were "important counterparties," it had banking relationships with Bank of New York and others. Galaxy had its single largest volume days in customer franchise that weekend.

Source

@TradeCryptoNow

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30 Mar 2023 20:15

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29 Mar 2023 06:40

🪙 Ripple CTO Challenges Regulators To Crypto Showdown

Ripple CTO David Schwartz has proposed an unconventional solution to the inconsistent regulatory approaches between the SEC and the CFTC. In a tweet on March 28, Schwartz suggested that the two agencies should “fight out among themselves” to determine which one should regulate the crypto industry. The CTO’s proposal highlights the growing frustration with the regulatory uncertainty.

The CFTC’s recent lawsuit against Binance, one of the world’s largest cryptocurrency exchanges, has further complicated the situation. The CFTC classified Bitcoin, Ethereum and Litecoin as commodities, while the SEC only exempts Bitcoin from being considered a security. This discrepancy has raised questions about the regulatory status of other digital assets further down the crypto spectrum. Adding fuel to the fire, SEC Chairman Gary Gensler recently implied that Ethereum (ETH) and other proof-of-stake (PoS) tokens should be regulated as securities.

Source

@TradeCryptoNow

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27 Mar 2023 05:08

📣 Do Kwon to reportedly appeal against court’s decision to extend detention

A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual. Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days. A legal representative of Kwon confirmed the appeal against the Montenegrin court’s.

The decision was made after Kwon was caught using fake documents at Podgorica airport while trying to fly to Dubai. While Montenegro authorities typically allot detention for up to 72 hours, Kwon’s 30-day extension was approved after prosecutors highlighted the high possibility of an escape. The court considered that Kwon was a foreign national whose identity was not clearly identified. Since the collapse of the Terra ecosystem, Kwon has been suspected of moving between Singapore, Dubai and Serbia by South Korean authorities.On March 23, a few hours after Kwon’s arrest in Montenegro.

Source

@TradeCryptoNow

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22 Apr 2023 06:12

📣 Trezor Puts Privacy First By Refusing Coinjoin UTXOs

Trezor, a hardware wallet manufacturer, has been making headlines recently due to concerns about censorship. To address these concerns, Trezor has implemented measures to ensure that certain UTXOs (Unspent Transaction Outputs) are denied entry into the coinjoin coordinator. According to a representative from the company, this is done to protect the privacy of other users who may be associated with these UTXOs.

Trezor acknowledges the sensitivity of the matter, the company emphasizes that their refusal to allow certain UTXOs into the coinjoin coordinator is done with the aim of supporting coinjoin transactions and providing individual users with privacy. It is important to note that no on-chain data analysis company receives any coins, instead, a risk score is returned based on the UTXO entering the coinjoin. Some UTXOs may be refused if they are flagged as under scrutiny based on the risk score. Trezor also confirms that they cannot check individual users or track or report on their activity since coinjoin is enabled via Tor, the anonymization network, and block filters are used.

Source

@TradeCryptoNow

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20 Apr 2023 06:16

🪙 PancakeSwap Leaders Propose Cutting CAKE Token Inflation Target to 3%-5%

Project leads at the decentralized crypto exchange PancakeSwap on Tuesday proposed lowering the inflation rate target for its native CAKE token to 3%-5%, a drastic cut from its current rate above 20%. Inflation in this context refers to growth in the supply of a token; lower inflation could lead to higher token prices, based on the rules of supply and demand.

The “version 2.5” tokenomics proposal would move CAKE toward a “deflationary model” by slashing the token rewards paid to traders and stakers by over 68%. The so-called CAKE “emissions” on Syrup Pool, PancakeSwap’s main liquidity pool on BNB Smart Chain, would drop by 94% under the proposal. “Our discussion proposal aims to transform from the high-inflation CAKE staking model to a low-inflation model with real yield and utility,” a PancakeSwap employee with the screen name Chef Brie said on the exchange’s Discord server. PancakeSwap employee who did not immediately respond.

Source

@TradeCryptoNow

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18 Apr 2023 07:39

🟠 Binance To Move SHIB Out Of Innovation Zone For Official Trading

Binance has announced that on April 18, 2023, it will move four tokens, SHIB, FXS, TWT, and 1INCH, from the Innovation Zone to the official trading zone. The Innovation Zone was created to provide a safe trading space for new projects, and Binance periodically reviews the projects to ensure they meet the required standards. The decision to move the tokens was based on recent reviews, and the projects that meet the high standards will be moved out of the Innovation Zone.

When Binance conducts its periodic project review, it considers several factors, including the team’s commitment to the project, the level and quality of development activity, trading volume and liquidity, stability and safety of the network from attacks, network/smart contract stability, level of public communication, responsiveness to periodic due diligence requests, evidence of unethical/fraudulent conduct or negligence, and contribution to a healthy and sustainable crypto ecosystem. Binance is constantly reviewing its projects to ensure the safety and sustainability of its trading platform. This move will provide traders with more trading opportunities and a greater sense of security when trading these tokens.

Source

@TradeCryptoNow

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16 Apr 2023 08:14

📣 Consensys Confirms 7,000 MetaMask Users Affected in Recent Breach

Consensys announced on Friday that thousands of MetaMask users had their personal data breached after contacting customer support over an 18-month period. The blockchain software company disclosed that approximately 7,000 individuals had their private information, including email addresses, compromised between August 2021 and February 2023. According to Consensys, MetaMask’s browser extension and mobile app users were not affected by the breach.

The data breach occurred when fraudsters targeted a third-party service provider that MetaMask uses to create customer support tickets, Consensys explained. As a result, unauthorized actors gained access to the third-party service provider’s systems, enabling them to seize personal data belonging to MetaMask users who had submitted their data to the company’s customer support. Although the compromised data mostly included “limited” personal information required for identifying customers for support needs, users may also have shared additional information in the chat function that was seized. Consensys has since put a stop to the unauthorized access, and the threat is no longer ongoing.

Source

@TradeCryptoNow

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14 Apr 2023 08:10

📣 Euler Under Legal Threats If It Doesn’t Return $2M To DeFi Nexus Mutual Insurer

DeFi insurance company Nexus Mutual is demanding a $2 million refund from claimants of the Euler hack after the team got most of the money back from the hacker. Previously, Euler was hacked for $200 million, but the perpetrator returned almost all the money. So Nexus Mutual covered losses for those who ended up not actually losing. According to CoinDesk, the head of DeFi insurance company Nexus Mutual said that if policyholders suffered losses.

On-chain data shows that Nexus Mutual is awaiting refunds from five customers who submitted claims following this attack in March. In total, these customers received nearly $2.4 million in claims, about $2 million of which was in crypto. Additionally, according to Dune data, Euler Finance’s redemption portal returned $133 million in assets to 457 users, six of whom were also Nexus Mutual policyholders. Euler’s hackers have already replaced the funds, and as a result, Euler on Wednesday began processing redemption transactions, including those already paid for by Nexus Mutual. the team even added a notice to the complaints portal reminding policyholders that they owe money.

Source

@TradeCryptoNow

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12 Apr 2023 08:39

🪙 USDC supply stabilizes following Silicon Valley Bank bank woes as tether cements its stablecoin dominance

The amount of USDC in circulation stands at just under 31 billion — some 11 billion less than at the start of the year — after last month's high-profile depeg spooked investors. When Silicon Valley Bank shuttered, the second-largest stablecoin temporarily lost its 1:1 peg to the U.S. dollar. USDC issuer Circle had, at the time, $3.3 billion of reserve funds at the bank. While guarantees from federal regulators helped USDC regain its peg.

Other stablecoin supplies on Ethereum have also dwindled since Jan. 1 — notably Binance USD and Gemini dollar. The former, which is issued by Paxos in a deal with the world's largest crypto exchange, has decreased from just over 16.5 billion to just over 7 billion, while GUSD has dropped from roughly 575 million to less than 391 million. There are also concerns regarding the health of the Cameron and Tyler Winklevoss-founded crypto exchange, Gemini. The twins recently loaned $100 million to their firm after an unsuccessful effort to raise outside funds, Bloomberg reported. Gemini also acknowledged last month that a "limited number" of customers' email addresses .

Source

@TradeCryptoNow

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10 Apr 2023 08:21

🪙 Circle USDC Circulation Discount Up To $200 Million Last Week

USDC had a rough March when the U.S. banking authorities stepped in to take over Silicon Valley Bank (SVB). In addition, the loss of crypto-friendly banks has resulted in Circle’s stablecoin falling in capitalization. The depegging occurred when Circle, the issuer of USDC, announced that around $3.3 billion in cash reserves backing USDC are still held at Silicon Valley Bank, which was closed down by California banking authorities after a bank run.

Other, smaller-circulation stablecoins, such as BUSD issued by Paxos and crypto-backed stablecoin DAI released by MakerDAO, also lost their pegs. Only USDT seems to gain from the turbulence, momentarily surpassing $1, most likely as a result of investors exiting the depegged stablecoins. The crypto market has rebounded significantly in the weeks after the loss of a succession of US banks as well as the Credit Suisse crisis, but the same cannot be said for USDC. According to official data, in the past 7 days, Circle issued a total of $600 million in USDC and redeemed $2.5 billion in USDC, and the circulation decreased by about $1.9 billion.

Source

@TradeCryptoNow

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08 Apr 2023 08:55

💰 Cardano’s First Oracle Integration Sparks Excitement Despite ADA’s Dip

Charli3, the first oracle integrator on Cardano, has recently been launched. Liqwid, a leading DeFi project on Cardano, has integrated the platform’s oracles. The integration of Charli3’s decentralized node network has provided a framework for projects to supply secure, accurate, and safe data to their platforms and users. This makes it easier for new projects to secure trust in the ecosystem.

According to Liqwid co-founder Dewayne Cameron, “Charli3 is ADA’s first decentralized oracle infrastructure on mainnet, working with the talented developers that built this protocol and seeing their clear vision for the evolution of ADA DeFi has been insightful and super motivating!” This is a significant development for the Cardano ecosystem as a whole and shows that projects are following the continuous push for full decentralization on Cardano. Charli3 can be viewed as the Cardano version of Chainlink. It is now able to produce accurate on-chain oracle feeds, such as prices for SHEN/ADA.

Source

@TradeCryptoNow

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06 Apr 2023 08:25

📣 Google Cloud to Offer Workshops, Cloud Computing Services for Builders on Celo

The Celo Foundation is working with Google Cloud to offer workshops and cloud computing services to developers and Web3 founders building on Celo, the foundation said on Tuesday. “Our partnership with Google Cloud will help developers and Web3 founders building on the Celo blockchain build and scale their applications on the industry’s cleanest cloud,” said Xochitl Cazador, head of ecosystem growth at Celo.

Google Cloud will provide builders on Celo, a mobile-first proof-of-stake layer 1 blockchain protocol, credits for Google Cloud and Firebase services. The Google Cloud core team will also offer project support to participants in Celo Foundation’s Founders in Residence program, and Celo Camp, a virtual eight-week accelerator program. Google Cloud has lent its cloud infrastructure to CLabs, the company that developed Celo. The two firms will soon build on their long-standing relationship by co-hosting targeted workshops and other events on Web3 innovation and sustainability, according to the Celo Foundation’s announcement of the partnership.

Source

@TradeCryptoNow

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04 Apr 2023 07:12

📣 BitKeep Users Surpassed 10 Million After The Brand Upgrade Bitget Wallet Announcement

BitKeep, a Web3 multi-chain wallet, is said to have reached 10 million users after the company revealed a rebranding to Bitget Wallet.BitKeep stated on April 3 that it will upgrade its brand to Bitget Wallet, its user base has grown even further, and the number of worldwide users has surpassed 10 million. At the same time, the total number of users of its on-chain transaction feature BitKeep Swap has surpassed 1 million.

After BitKeep was upgraded to Bitget Wallet, the product positioning was changed from “discovering popular assets” to “faster transactions, better assets,” with the goal of better serving the on-chain transaction needs of Web3 users and committing to becoming a future Web3 user. As previously reported, bitcoin exchange Bitget invested an extra $30 million in BitKeep Wallet, valuing the company at $300 million. BitKeep has revealed a complete brand refresh and will soon be known as Bitget Wallet. Bitget, a cryptocurrency exchange, spent an extra $30 million at a $300 million value to buy a majority share in the private wallet.

Source

@TradeCryptoNow

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02 Apr 2023 05:35

📣 TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost

Trading with the TrueUSD (TUSD) stablecoin has surged over the week, crypto price tracker CoinGecko’s data shows, a result of crypto exchange Binance’s support for the token, including a zero-fee discount to buy and sell bitcoin (BTC). TUSD’s 24-hour trading volume surpassed $1 billion for most of Thursday and Friday, according to CoinGecko.

The BTC-TUSD pair on Binance alone recorded $713 million in trading volume in the past 24 hours, per Binance’s data. The stablecoin’s recent popularity comes after Binance, the world’s largest crypto exchange by trading volume, picked TUSD as a favored stablecoin trading pair on its platform amid a regulatory crackdown on its namesake Binance USD (BUSD). New York regulators ordered BUSD issuer Paxos, a fintech firm based in the state, to stop minting these tokens. Binance had supported BUSD through a zero-fee trading promotion and by booting rival stablecoins including TUSD.

Source

@TradeCryptoNow

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31 Mar 2023 08:54

🇨🇦 Binance May Be Ready To Give Up Canada While Coinbase Still Holds On

People familiar with the matter, Coinbase, are in discussions with regulators to obtain the appropriate license to continue doing business in Canada, according to Coindesk. Meanwhile, Binance may abandon this market. Meanwhile, another person familiar with the matter, speaking anonymously, said that Binance could leave Canada. But a spokesperson for Binance said the exchange “has yet to develop a clear plan.”

In the wake of the reform of crypto regulations in Canada, many companies providing crypto services have had to consider the issue of going or staying. According to people familiar with the matter, Crypto.com also plans to stay in Canada. Earlier this month, OKEx announced its withdrawal from Canada. Canada had set a March 24 deadline for companies to commit to tightening rules around cryptocurrencies in the country, which suffered a famous exchange explosion a few years ago when QuadrigaCX was hit bankrupt. Blockchain.com and Deribit also said they would be pulling out of the Canadian market, and Kraken is expected to release a statement on the matter soon.

Source

@TradeCryptoNow

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30 Mar 2023 05:30

🟠 Binance’s Whopping $64B On-Chain Balance Revealed By Nansen Data

Binance’s on-chain balance remains high at $64 billion. This is a reassuring display of asset backing and strength, which may cushion outflows from the exchange. Binance’s largest holdings are USDT, BTC, ETH, BUSD, and BNB, which make up roughly 81% of the crypto exchange’s total balance at press time. This is a promising sign for the platform’s stability, as it shows that the majority of its assets are in reliable and established cryptocurrencies.

Binance’s on-chain portfolio shows the amount of capital people hold on the world’s largest exchange by transaction volume. This is a positive sign for the platform’s stability and suggests that investors and traders still have confidence in Binance’s ability to weather regulatory challenges. While BNB has seen over $600 million in customer token outflows, this figure is still relatively lower than when BUSD-issued Paxos was sued by the U.S. Securities and Exchange Commission earlier this year. This suggests that the market has not completely lost faith in BNB, despite the recent allegations and charges against the platform.

Source

@TradeCryptoNow

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28 Mar 2023 06:05

💰 Celsius Customers’ New Bar Date Is Scheduled For April 28

After the Customer Contract Decision, Celsius just stated that it is changing its scheduling after months of litigation. This change allows you to provide proof of claim within the specified time range. The new deadline, dubbed the Bar Date, is scheduled for April 28, 2023. According to the Celsius Unsecured Creditors Committee (UCC), Judge Glenn said in the recent customer claim ruling.

The court has issued a Bar Date Order, which establishes deadlines for filing proofs of claim, accepting procedures and notifications, and providing relevant remedies. Another court order has extended the Bar Dates, and the Debtors have updated their Schedules and Statements to reflect that only Celsius Network LLC is responsible for contract claims related to the Earn, Custody, and Withhold programs, and only Celsius Lending is responsible for contract claims related to the Borrow program. Celsius previously disclosed that it had struck an agreement with the Custody Ad Hoc Committee and the UCC on a Settlement that would restore most digital assets.

Source

@TradeCryptoNow

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26 Mar 2023 05:30

✈️ Telegram Integrates Tether (USDT) Payments on Tron Network

Users will now be able to send TRC20 to their contacts on Telegram. Telegram has added a new feature enabling users to send each other the world’s largest stablecoin, tether (USDT). According to an update on March 22nd, USDT-TRON – TRC20 – has been added to the popular messaging app’s wallet function, thereby expanding its payment capabilities for buying and selling crypto.

USDT is the third crypto-asset joining Bitcoin and The Open Network token as assets supported by the Wallet bot (TON). With the new integration, Telegram is competing against other social media platforms, such as Twitter, which already added support for tips in Bitcoin and Ethereum in 2021, in addition to its partnership with Stripe to add payment features via the USDC stablecoin.Telegram’s tryst with crypto dates back to 2018, when it launched its Telegram Open Network (TON), which was initially designed to be a proof-of-stake (PoS) blockchain platform with a native token with the aim to generate payments on its chat app. The launch, however, was not smooth.

Source

@TradeCryptoNow