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Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows

Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will Provide Access to User Funds Crypto exchange Bitzlato is taking…

Upcoming FTX documentary to focus on SBF and CZ’s relationship

A new documentary on the FTX saga looks into the intricate relationship between Sam Bankman-Fried and Changpeng Zhao, the Binance founder. Through a partnership by Fortune and Unrealistic Ideas, its producers aim to provide a 360-degree personal look into FTX. Detailing the rise and fall of FTX The bond…

Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims

Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons who do…

New FTX documentary to spotlight SBF-CZ relationship

The FTX saga and the developments that led to the crypto exchange’s collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest critics, Binance founder Changpeng Zhao. According to The Hollywood Reporter, the production is a partnership between…

Price analysis 2/1: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin (BTC) gained about 40% in January, its best finish in the first month of the year since 2013. The sharp rally caused a change in sentiment and the futures markets which saw backwardation in November and December started trading at a healthy contango in January, according to Glassnode.…

Binance releases BNB Greenfield whitepaper

Binance unveils BNB Greenfield whitepaper ahead of its decentralized data storage solution. BNB Greenfield aims to improve web3 data ownership BNB Chain, a prominent player in the world of decentralized blockchain technology, has released the whitepaper for its latest ecosystem project. Dubbed BNB Greenfield, the project is a decentralized…

Binance’s New Blockchain Platform Aims to Build Web3 Infrastructure

In its recently published BNB Greenfield white paper, the cryptocurrency exchange Binance stated that it is interested in constructing a blockchain-based Web3 infrastructure. BNB Chain is a blockchain platform that was established by Binance. According to the white paper, it is a decentralised storage infrastructure that is integrated into…

Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment

If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure.  While all of those boxes might be ticked, another…

Is BNB ready to begin a rally to overcome its resistance?

BNB, the native cryptocurrency of the Binance exchange, has a tokenomics model focused on creating a decentralized exchange ecosystem. BNB is used as a means of payment for various fees on the Binance platform, such as trading fees, withdrawal fees, and listing fees. Binance uses a portion of its…

Binance delves into decentralized Web3 storage with BNB Greenfield

BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper. The white paper explains it as a decentralized storage infrastructure within BNB Chain, which allows users and decentralized applications (DApps) full ownership of the…

Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion

Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants.…

‘Categorically false’ — Attorney denies bids for Celsius assets were rejected

The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected. During a Jan. 31 Twitter Space “town hall” following the examiner’s report on Celsius, attorneys from White & Case LLP including Gregory Pesce and Aaron Colodny addressed the so-called “leaked”…

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is pointing toward renewed equilibrium. According to data from Glassnode,…

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings

FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in…

Binance customer says money lost in P2P transfer

In a move that could unsettle Binance users, the exchange recently deleted an inquiry regarding lost funds from a customer going by the username abd_akiki under unclear circumstances. Customer account frozen, funds returned to sender In the post, which you can still view in the content retrieval platform, reveddit,…

Lithuanian crackdown on payment providers affects Binance and Crypto.com

Lithuanian financial watchdog recently released a detailed list of payment service providers to be investigated in 2023, causing uncertainties for some crypto networks. Binance Visa card issuer under investigation Lithuanian watchdogs, including the apex bank, are severely cracking down on payment service providers. A recent statement from a financial…

Mastercard, Binance to launch their second prepaid crypto card in Latin America

Credit card giant MasterCard has teamed up with the world’s largest crypto exchange Binance to launch another prepaid crypto card in Latin America. On Jan. 30, Binance announced the launch of the Binance Card in Brazil. The new card is issued by Dock, a payment institution regulated by the…

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

Traders tend to lighten up positions before important events because they hate uncertainty. The United States Federal Reserve’s policy decision is on Feb. 1, where the central bank is expected to hike rates by 25 basis points. Market observers will keenly watch for any hints about how high the…

Highstreet (HIGH) rallies after Binance statement

According to statistics provided by CoinMarketCap, the price of HIGH, the token of Highstreet, has increased by 142% over the last week. The token’s price has increased by 16% in the previous day, reaching $2.97, placing it among the top gainers among the top 500 cryptocurrencies in terms of…

Binance shuts down accounts in relation to Bitzlato investigation

In connection with the investigation being conducted by Bitzlato, the cryptocurrency exchange Binance has been secretly closing various user accounts on the site. On the 18th of January, a number of Russian-speaking customers of Binance voiced their dissatisfaction with the exchange for blocking their accounts and preventing them from…

Binance blocks accounts allegedly linked to Bitzlato

Binance exchange has temporarily suspended several accounts linked to Bitzlato transactions after the latter exchange got entangled in regulations. Most of these accounts reportedly belong to Russians who formed a Telegram channel to deal with the issues. Binance crackdown on Bitzlato users Binance has temporarily suspended several accounts believed…

Binance partners with MasterCard in Brazil

Binance, the world’s largest crypto exchange, has announced a partnership deal with MasterCard to launch a prepaid card in Latin America’s largest economy Brazil. The move comes as part of strategic moves by Binance to expand the crypto industry and bring digital assets’ utility to mainstream adoption. Binance and…

Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’

Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users. On Jan. 18, a group of Russian-speaking Binance clients complained about blocked accounts and not being able to withdraw their funds from the exchange. The affected…

Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange

Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges. Senate Votes on Crypto Law,…

Aussie regulator flagged concerns about FTX months before collapse: Report

Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November. According to documents obtained by Guardian Australia, officers of the Australian Securities and Investments Commission (ASIC) were concerned about the way in which FTX…

Stablecoin Economy Sheds Another $3 Billion in 44 Days

The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation…

Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto

Binance CEO Changpeng “CZ” Zhao is of the opinion that a proactive reduction in exposure to cryptocurrencies by traditional institutions as a reaction to ecosystem collapses in 2022 could potentially have a negative impact on traditional financial players. This is because “CZ” Zhao believes that ecosystem collapses will occur…

Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit

The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day. Litecoin’s Computational Power Climbs 38% in 30…

CZ predicts ‘existential implications’ for anti-crypto traditional finance

As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng “CZ” Zhao believes this move could potentially have a negative impact on such traditional financial players. The collapse of major crypto companies, such as FTX and Terraform Labs, reduced trust…

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