20% of Binance’s new hires this year will be in compliance, says CEO
The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments.
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Binance to support BUSD while exploring non-USD stablecoins, CZ says
Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators. 379 Total views 2 Total shares Own this piece of history Collect this article as an NFTCryptocurrency exchange Binance plans to continue supporting its…
Altcoins and DeFi sell-off after Bitcoin’s 17.6% correction below $50K
In the early morning trading hours Bitcoin (BTC) price abruptly dropped by 17.65% which triggered a major downturn throughout the entire market.Data from Cointelegraph Markets and TradingView shows that Bitcoin decreased from a high of $58,274 on Feb. 21 to a low of $47,622 during the early hours on Monday before buyers returned to lift…
Making DeFi idiot-proof with Kava’s gamer CEO, Brian Kerr
According to Kava Labs CEO Brian Kerr, the major reason that decentralized finance, or DeFi, has not yet hit the mainstream is that “93% of holders are never gonna touch their own keys.”Kava is a non-Ethereum-based DeFi platform that enables users to earn interest on the cryptocurrencies they hold. The investors Kerr hopes to reach…
SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense
The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF. 138 Total views 17 Total shares Sam Bankman-Fried (SBF) is seeking to subpoena documents from Fenwick & West. That’s the law firm that served as the outside counsel to FTX, Alameda Research and…
China warns state-owned enterprises to cease involvement in Bitcoin mining
China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies. 236 Total views 20 Total shares China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses.According to reports, Meng Wei, a spokesperson for the National Development…
Bitcoin Risks 20% Drop as Outlook for ‘Stimulus Junkie’ Stocks Sours
The Dow Jones plummeted by 2.84% on June 26, recording a 9.27% fall since the month’s peak. As risk-on assets face the fear of a correction, the vulnerability of a near-term Bitcoin (BTC) price pullback may increase.While many fundamental factors are causing a stock market downtrend, analysts are pointing at the decline in liquidity as…
Price analysis 1/22: BTC, ETH, DOT, XRP, ADA, LTC, LINK, BCH, BNB, XLM
Aggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily led the run-up to $42,000.Cointelegraph contributor Marcel Pechman analyzed derivatives data from various exchanges, which showed professional traders might…
Binance.US Opens Doors to Florida Crypto Traders
Eligible residents of Florida can now register to use the Binance.US digital asset marketplace. Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residents.According to an Aug. 24 update on the Binance.US website, the digital asset marketplace will now be allowing Floridians to…