Arak Sutivong, CEO of SCB 10X and the president of Siam Commercial Bank (SCB), has offered an insight into how one of the largest venture capital funds in Southeast Asia views the future of decentralized finance (DeFi) when it comes to the contentious question of regulation. SCB 10X is the venture arm of SCB, Thailand’s …
Continue reading “DeFi cannot be fully regulated, Siam Commercial Bank president says”
Data from market tool Bybt shows nearly $1 billion worth of ‘short’ traders—individuals betting on a market decline—were liquidated this morning, with $750 million of that amount coming from Bitcoin trades alone. It came on the back of crypto circles sharing an uncanny development on social media: That of global online marketplace Amazon ‘definitely’ accepting …
Continue reading “Amazon rumours lead to $1 billion in crypto ‘shorts’ getting liquidated”
Crypto markets saw billions of dollars in gains Monday morning after months of ‘ranging,’ data from multiple sources shows. Leading the charge was Bitcoin, the world’s largest cryptocurrency by market cap, with a jump of over 10%—from $35,000 to $38,000—reaching as high as $39,000 below seeing a brief correction. Bitcoin trades well over its 34-period …
Satellite virtualization solutions firm Exodus Orbitals Inc. has announced its partnership with the Lady Rocket Foundation to apply satellite technology and NFTs to better protect African wildlife against poaching and climate change. Eva Blaisdell, who goes by ‘Lady Rocket,’ is a third-generation Aviation/Space investor and entrepreneur. Her Foundation recently innovated in the field of applying …
Continue reading “How blockchain, NFTs, and on-demand satellites are saving Africa’s wildlife”
Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies. The attack exploits a vulnerability in the system of permissions of Argo Workflows machines connected to the internet, deploying malicious workflows that install Monero-based containers. Attackers Leveraging Argo Workflows for Crypto …
Continue reading “Kubernetes Clusters Used to Mine Monero by Attackers”
The upcoming Tesla Q2-2021 earnings call, which will be announced this Monday after market hours, will at last shed some light on what has happened with the company’s bitcoin holdings. The company held more than 1.5 billion dollars in bitcoin on Q1 and has reported only one sale to “test the market’s liquidity” according to …
Continue reading “Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings”
FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” FTX CEO Announces Cutting Leverage Limits, 2x …
Crypto analyst and trader Michaël van de Poppe says one under-the-radar altcoin is poised for a massive surge. The closely followed analyst tells his 356,000 followers that he’s convinced layer-2 scaling platform Celer Network (CELR) is ready for exponential gains in its Bitcoin pair (CELR/BTC). ADVERTISEMENT “I’m still convinced that CELR is ready for …
Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has no interest in nurturing the cryptocurrency industry. Considering his collisions with the Chinese government during his stint in running China’s first crypto exchange BTCChina, Lee …
Continue reading “China’s crackdown signals an oncoming crypto ban, Bobby Lee says”
Bitcoin (BTC) is nearing $40,000 this Monday as a new week gets underway with a bang for bulls. A calm but confident weekend culminated in a dramatic run-up overnight Sunday, with BTC/USD swiftly nearing the top of its multi-month trading range. With favorable fundamentals and a lot of liquidated bears, Bitcoin looks set to investigate …
Continue reading “BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week”
Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection. After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same limit for existing users soon, Binance CEO Changpeng Zhao announced Sunday. “We …
Continue reading “Binance Futures to limit leverage to 20x for existing users”
The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface. Uniswap Labs made the announcement on July 23, emphasizing that the tokens had been removed from the app interface only, and that the protocol remains immutable: “These changes pertain to the interface at app.uniswap.org — the …
Continue reading “Uniswap delists 100 tokens from interface including options and indexes”
Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users. The exchange, founded by crypto billionaire Sam Bankman-Fried (SBF), has reduced the maximum leverage available on the platform down to 20x, a significant reduction from its previous limit of 101x. In a July 25 tweet announcing the …
Continue reading “FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’”
The price of Bitcoin has surged more than 10% over just a few hours earlier today, with prices quickly surging from roughly $35,000 to tag just shy of $40,000 on July 26. Price action shows a violent short squeeze that occurred as prices broke above $35,000, with bullish momentum suddenly accelerating as prices quickly rallied …
Continue reading “BTC gains 15% in 3 hours amid tight squeeze”
Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other digital assets, according to a new survey conducted by Asia-Pacific cryptocurrency exchange Independent Reserve. Forty-three percent of the polled respondents said they owned cryptocurrency, with 46% planning to buy digital assets in …
Continue reading “43% of Singaporeans own crypto, according to Independent Reserve survey”
