They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform. Both Coinbase and Kraken’s platforms were down or experiencing intermittent latency issues on Nov.8, amid market turbulence, according to users’ complaints on Twitter. This news followed the disclosure that crypto exchange Binance intends to acquire...Continue Reading

Bitcoin price is down, trading at a new yearly low, but what are the primary reasons behind the most recent decline? After topping the $21,500 mark on Nov. 4, Bitcoin (BTC) price is down by 14% on Nov. 8, reaching a new yearly low at $17,166 and most altcoins are following suit.  While the Binance...Continue Reading

Twitter’s subscription model is a step toward decentralization, and it will better align incentives between content creators and consumers. Like many people, I was originally dubious of Elon Musk’s takeover of Twitter given his historic tendency to make bold promises but later back away. That said, there is merit to his idea of adding a...Continue Reading

The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities.” The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and...Continue Reading

Binance’s decision to liquidate 23 million FTT tokens triggered FTX’s liquidity crisis. “Who needs Netflix when you are in crypto?”, commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a “chess move”...Continue Reading

In effect since Oct. 27, BaFin’s order referred to Coinbase’s Germany arm outsourcing some operations “essential for conducting banking business or providing financial services.” The Federal Financial Supervisory Authority of Germany, also known as BaFin, has issued an order related to the business organization of Coinbase’s local arm in accordance with the country’s banking laws....Continue Reading

SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last? FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that...Continue Reading

Binance may even end up buying FTX outright as withdrawals resume on promises from the world’s largest crypto exchange. Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance hints at plan to buy FTX Data from...Continue Reading

FTX CEO Sam Bankman-Fried called the news a “user-centric development that benefits the entire industry.” Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as ‘SBF,’ took to social media seemingly in an effort to quell rumors of conflict between the...Continue Reading

LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation. Chainlink (LINK) returned to mimic the broader crypto market downtrend as its price fell alongside top coins Bitcoin (BTC) and Ether (ETH) on Nov. 8.  LINK plunged by as much as 10%...Continue Reading