The Bloomberg Billionaires Index cut its revenue forecast at crypto exchange Binance by 38 percent after the latest data showed volume at the company declined this year. Reporting from Yahoo Finance, Monday (30/10/2023), this wiped out USD 11.9 billion or the equivalent of IDR 189.5 trillion from the wealth of Binance founder Changpeng Zhao, known […]
Crypto Giant Bittrex Bows Out: The Rise and Fall of a Once-Dominant Exchange Amid Regulatory Turmoil
Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]
Crypto Giant Bittrex Bows Out: The Rise and Fall of a Once-Dominant Exchange Amid Regulatory Turmoil
Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]
The Chicago Mercantile Exchange (CME) is on the verge of taking the lead in Bitcoin futures open interest over prominent crypto platform Binance, as indicated by Gabor Gurbac, a strategy advisor at VanEck. Gurbac remarked, “CME is poised to overtake Binance as the largest exchange in terms of Bitcoin futures open interest.” Highlighting the increasing […]
The Chicago Mercantile Exchange (CME) is on the verge of taking the lead in Bitcoin futures open interest over prominent crypto platform Binance, as indicated by Gabor Gurbac, a strategy advisor at VanEck. Gurbac remarked, “CME is poised to overtake Binance as the largest exchange in terms of Bitcoin futures open interest.” Highlighting the increasing […]
El Salvador’s President Nayib Bukele, known for his pro-Bitcoin stance, has officially launched his bid for re-election in the upcoming 2024 presidential election. Despite his strong public support, some critics have raised concerns regarding the constitutionality of his re-election. Bukele, who gained power in 2019, broke the long-standing dominance of the Nationalist Republican Alliance and […]
Zodia Custody, a digital asset custodian supported by Standard Chartered, is expanding its services in Hong Kong, according to a recent CNBC report. The company’s move comes as part of its ongoing expansion efforts across the Asia-Pacific region. The CEO of Zodia, Julian Sawyer, highlighted the significant demand from institutions in Hong Kong, underscoring the […]
Binance’s CEO and co-founder Changpeng Zhao, commonly known as CZ, has recently experienced a significant decline in his net worth, witnessing a staggering $11.9 billion reduction. This downturn is a consequence of the plunging trading volumes on his exchange, Binance. As per the latest Bloomberg Billionaires Index update, Binance’s revenue estimates were revised down by […]
Previously it was reported that the electric car manufacturing company, Tesla (TSLA), was known to have not carried out Bitcoin transactions for two consecutive quarters. Based on the company’s latest financial report, it shows that Tesla had digital assets worth USD 184 million as of June 30, the same amount as at the end of […]
Shiba Inu, a popular meme coin, might be on the brink of a significant price increase, as suggested by a recent analysis. The TD Sequential indicator, a key technical tool used to predict price trends, has signaled a potential bullish upswing for SHIB. This positive outlook aligns with the recent 19% surge in SHIB’s value […]