News
Binance U.S. makes BTC trading fee-free as competitors feel the heat
Brian Shroder, CEO of Binance.US said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future. Crypto exchange Binance.US has removed trading fees for Bitcoin...
Blockchain isn’t as decentralized as you think: Defense agency report
The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system. Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to...
China’s WeChat bans crypto and NFT-related accounts
The policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.” The top social media platform in China, WeChat, has updated its...
Celsius recovery plan proposed amid community-led short-squeeze attempt
BnkToTheFuture co-founder Simon Dixon has proposed a recovery plan similar to the solution offered to Bitfinex after its Bitcoin hack in August 2016 – allowing customers to be compensated for their losses through tokens tied to the platform’s recovery. Celsius’ lead...
What is a bear trap in trading and how to avoid it?
Intended to convince market participants of a price correction, bear traps are orchestrated by entities with large holdings to make quick profits. How to identify and avoid a bear trap?As a difficult proposition for novice traders, a bear trap can be recognized by...
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of stablecoins. A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent...
Inverse Finance exploited again for $1.2M in flashloan oracle attack
No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds. Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit...
71% of high net worth individuals have invested in digital assets: Survey
A new survey suggest most of the world's wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice. High net worth individuals (HNWI) have embraced cryptocurrencies and other digital assets,...
SEC boss worries crypto bill undermines financial protections
A provision in the bill gives authority over some cryptocurrencies to the Commodity Futures Trading Commission (CFTC), with the agency head saying it cares about having “rigorous oversight of markets.” United States Securities and Exchange Commission (SEC) Chairman...
Illicit crypto usage as a percent of total usage has fallen: Report
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline. Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall...