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Binance suspends LUNA and UST withdrawals amid market turbulence

Binance suspends LUNA and UST withdrawals amid market turbulence

advertisement Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a blog post earlier this morning, blaming “a high volume of pending withdrawal transactions” caused by network congestion. “Binance will reopen withdrawals for these …

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Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto

Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto

Bill Hwang may be a criminal, or he may have simply been playing the Wall Street game according to a set of unwritten but accepted rules – after all, in this day and age, cheating and lying are practically qualifications for working in high finance. Crypto has the distinct advantage of transparency – Hwang couldn’t …

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Crypto stock plunge could pump the brakes on IPO and deal market

Crypto stock plunge could pump the brakes on IPO and deal market

“Being a public company seems like a total blast.” Barry Silbert, chief executive of crypto power-house DCG, was of course sarcastic in his January 21 tweet; it’s been a brutal period for publicly traded companies in the digital asset market amid the ongoing rout in liquid tokens.  Shares in Robinhood, the popular brokerage app company, …

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Nayib Bukele Is Not the Bitcoin Hero We Need

El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says

El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy …

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Bitcoin mining gear hits the market in Kosovo as government announces temporary mining ban

Bitcoin mining gear hits the market in Kosovo as government announces temporary mining ban

From human conflict to energy crunches, a whole host of factors can trigger major panic and sell-offs in the crypto sector. While all eyes were on Kazakhstan’s Bitcoin miners, another country is now putting its crypto miners under the microscope. Don’t say the E-word Kosovo, a Balkan state in Southeast Europe, was in the public …

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