US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue.
Further information can be found here
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue.
Further information can be found here
Bitcoin News
US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department…
2021-digital-asset-study.pdf
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✅THE INSTITUTIONAL INVESTOR DIGITAL ASSETS STUDY BY FIDELITY
🧮A hacker has stolen $12.7m (£9.3m) in bitcoin from crypto transfer platform pNetwork.
pNetwork said in a tweet late on Sunday: "We're sorry to inform the community that an attacker was able to leverage a bug in our codebase and attack pBTC on BSC, stealing 277 BTC (most of its collateral)."
It said that all other "bridges" were not affected, adding: "All other funds in the pNetwork are safe."
Apologising for what had happened, it said the bridges would be reactivated in a matter of hours.
https://uk.finance.yahoo.com/news/bitcoin-hack-pnetwork-cryptocurrency-latest-110155143.html
pNetwork said in a tweet late on Sunday: "We're sorry to inform the community that an attacker was able to leverage a bug in our codebase and attack pBTC on BSC, stealing 277 BTC (most of its collateral)."
It said that all other "bridges" were not affected, adding: "All other funds in the pNetwork are safe."
Apologising for what had happened, it said the bridges would be reactivated in a matter of hours.
https://uk.finance.yahoo.com/news/bitcoin-hack-pnetwork-cryptocurrency-latest-110155143.html
Yahoo
Latest crypto hack sees $12.7m 'wrapped' bitcoin stolen from pNetwork
pNetwork said it had identified a fix and that it was 'prioritising security over speed'. There hasn't been an update on the company's twitter since 11.43pm last night.
♦️Changes to Binance offerings in Australia
Effective from 2021-09-24 09:00 AM (UTC), existing Australian users will have 90 days to reduce and close their positions for these products. Users will be able to top-up margin balances to prevent margin calls and liquidations, but they will not be able to increase or open new positions
https://www.binance.com/en/support/announcement/0d7c52e9f7c04ae784480eb17fd13157
Effective from 2021-09-24 09:00 AM (UTC), existing Australian users will have 90 days to reduce and close their positions for these products. Users will be able to top-up margin balances to prevent margin calls and liquidations, but they will not be able to increase or open new positions
https://www.binance.com/en/support/announcement/0d7c52e9f7c04ae784480eb17fd13157
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
More than a billion dollars worth of ethereum (ETH) has been burned to date, after the London upgrade was implemented 42 days ago. The biggest changes added to the Ethereum blockchain included EIP-1559 and EIP-3554. While EIP-3554 changed the difficulty bomb, EIP-1559 changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary.
Further information can be found here`
More than a billion dollars worth of ethereum (ETH) has been burned to date, after the London upgrade was implemented 42 days ago. The biggest changes added to the Ethereum blockchain included EIP-1559 and EIP-3554. While EIP-3554 changed the difficulty bomb, EIP-1559 changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary.
Further information can be found here`
✅PayPal releases new consumer app for crypto, savings and direct deposits
The app offers customers the ability to manage all PayPal-related transactions from a single dashboard.
The new app covers both crypto and non-crypto use cases with a wallet tab to manage cryptocurrency payments and high yield savings.
Indeed, the PayPal announcement included a partnership with online bank Synchrony Bank to provide a high yield savings account via the new app.
https://cointelegraph.com/news/paypal-releases-new-consumer-app-for-crypto-savings-and-direct-deposits
The app offers customers the ability to manage all PayPal-related transactions from a single dashboard.
The new app covers both crypto and non-crypto use cases with a wallet tab to manage cryptocurrency payments and high yield savings.
Indeed, the PayPal announcement included a partnership with online bank Synchrony Bank to provide a high yield savings account via the new app.
https://cointelegraph.com/news/paypal-releases-new-consumer-app-for-crypto-savings-and-direct-deposits
Cointelegraph
PayPal releases new consumer app for crypto, savings and direct deposits
PayPal's new consumer app offers an all-in-one financial management capability across both crypto and non-crypto products including high yield savings and direct deposits.
China Injects $18.6 Billion Into Banking System During Evergrande Crisis
(Bloomberg) -- China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets.
Further details here
(Bloomberg) -- China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets.
Further details here
✅The Commonwealth Bank ( Australia ) is hoping to improve its understanding of the cryptocurrency space as consumer interest in digital currency grows.
Speaking at a standing committee on economics, CBA chief executive Matt Comyn said that “cryptocurrency itself is a broad, fascinating and complex space”, and one the bank needs to understand better.
https://www.itnews.com.au/news/cba-studying-the-cryptocurrency-space-570240
Speaking at a standing committee on economics, CBA chief executive Matt Comyn said that “cryptocurrency itself is a broad, fascinating and complex space”, and one the bank needs to understand better.
https://www.itnews.com.au/news/cba-studying-the-cryptocurrency-space-570240
iTnews
CBA 'studying' the cryptocurrency space
Sees "enormous growth" potential in stablecoins.
UAE regulators approve crypto trading in Dubai free zone
Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals.
Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.
More details here
Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals.
Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.
More details here
🔥SaitoNetwork will be hosting Building #web3 online event to gather leaders projects in the #web3 pace to talk about their work and the future of #web3
⏰When: 1:25 PM, Sep. 28 UTC
➡️Register here: http://saito.io/building-web-3
https://twitter.com/SaitoOfficial/status/1441248004019679238
⏰When: 1:25 PM, Sep. 28 UTC
➡️Register here: http://saito.io/building-web-3
https://twitter.com/SaitoOfficial/status/1441248004019679238
We’re super excited to announce that BULK has joined the biggest DeFi trading marathon EVER with a prize pool of $150 000😱
🤝 The marathon is organized in partnership with the Dexe Network, ZBS Capital, and CryptoDiffer. Another 18 great projects are participating in this event as well.
🤓 How to get some of that prize pool money? The name of the game is 🔥 trading volume🔥 – more volume = higher chance to win!
🔛 Trade $BULK token on Uniswap or PancakeSwap and get a shot at the prize.
DeXe Network will announce all the details very soon, and of course, we will keep you posted.
For now, we can tell you that it will last 4 weeks: ⏰September 28th - October 25th
🤝 The marathon is organized in partnership with the Dexe Network, ZBS Capital, and CryptoDiffer. Another 18 great projects are participating in this event as well.
🤓 How to get some of that prize pool money? The name of the game is 🔥 trading volume🔥 – more volume = higher chance to win!
🔛 Trade $BULK token on Uniswap or PancakeSwap and get a shot at the prize.
DeXe Network will announce all the details very soon, and of course, we will keep you posted.
For now, we can tell you that it will last 4 weeks: ⏰September 28th - October 25th
Crypto Exchange Stops Taking China Users as Beijing Widens Ban
Huobi, China’s largest Bitcoin exchange, has halted new registrations for domestic users, taking one of the first actions to comply with Beijing’s latest crypto ban.
Further details can be found here
Huobi, China’s largest Bitcoin exchange, has halted new registrations for domestic users, taking one of the first actions to comply with Beijing’s latest crypto ban.
Further details can be found here
Bloomberg.com
Crypto Exchange Stops Taking China Users as Beijing Widens Ban
Huobi, China’s largest Bitcoin exchange, has halted new registrations for domestic users, taking one of the first actions to comply with Beijing’s latest crypto ban.
Financial pyramid "Finico" attracted over $ 2 billion
The financial pyramid "Finico" has collected over $ 2 billion in bitcoin and ERC-20 tokens from its investors. At the same time, at least $ 500 million remained in the hands of the founders. This was stated by a group of analysts who wished to remain anonymous.
The experts noted that Vexel was responsible for the entire technical part of the fraudulent project, including the payment gateway and websites. Finiko used the addresses of its technical partner and personally owned by Marat Sabirov, who in the report is called the "crypto-treasurer" of the entire pyramid.
The financial pyramid "Finico" has collected over $ 2 billion in bitcoin and ERC-20 tokens from its investors. At the same time, at least $ 500 million remained in the hands of the founders. This was stated by a group of analysts who wished to remain anonymous.
The experts noted that Vexel was responsible for the entire technical part of the fraudulent project, including the payment gateway and websites. Finiko used the addresses of its technical partner and personally owned by Marat Sabirov, who in the report is called the "crypto-treasurer" of the entire pyramid.
📈Derivatives DEX dYdX beats out Coinbase's spot markets by volume amid China FUD
Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase's spot markets for the first time.
According to CoinGecko, dYdX has facilitated more than $4.3 billion worth of trades in the past 24-hours, beating out Coinbase $3.7 billion in volume by nearly 15%. DYdX founder and former Coinbase employee Antonio Juliano celebrated the milestone in a Sept. 27 tweet.
https://cointelegraph.com/news/derivatives-dex-dydx-beats-out-coinbase-by-volume-amid-china-fud
Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase's spot markets for the first time.
According to CoinGecko, dYdX has facilitated more than $4.3 billion worth of trades in the past 24-hours, beating out Coinbase $3.7 billion in volume by nearly 15%. DYdX founder and former Coinbase employee Antonio Juliano celebrated the milestone in a Sept. 27 tweet.
https://cointelegraph.com/news/derivatives-dex-dydx-beats-out-coinbase-by-volume-amid-china-fud
Cointelegraph
Derivatives DEX dYdX beats out Coinbase’s spot markets by volume amid China FUD
Trade activity on popular derivatives DEX dYdX has surged by more than 19,000% over the past 6 months.
Inner Mongolia authorities seize over 10,000 mining devices
Authorities in the Chinese province of Inner Mongolia have confiscated 10,100 cryptocurrency mining devices. This is reported by local media.
According to them, the equipment was found on the territory of the state technological park located in the Bayan-Nur urban district. To date, Inner Mongolia has closed 45 mining farms, the report said.
In May, Vice Premier of the State Council of the People's Republic of China Liu He announced the upcoming measures regarding the mining and trading of bitcoin. In the same month, the state news agency Xinhua criticized the mining of cryptocurrencies.
Authorities in the Chinese province of Inner Mongolia have confiscated 10,100 cryptocurrency mining devices. This is reported by local media.
According to them, the equipment was found on the territory of the state technological park located in the Bayan-Nur urban district. To date, Inner Mongolia has closed 45 mining farms, the report said.
In May, Vice Premier of the State Council of the People's Republic of China Liu He announced the upcoming measures regarding the mining and trading of bitcoin. In the same month, the state news agency Xinhua criticized the mining of cryptocurrencies.
💰Coinbase users can choose to deposit paychecks directly to accounts
In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or through a company’s human resources department.
https://cointelegraph.com/news/coinbase-users-can-choose-to-deposit-paychecks-directly-to-accounts?utm_source=Telegram&utm_medium=social
In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or through a company’s human resources department.
https://cointelegraph.com/news/coinbase-users-can-choose-to-deposit-paychecks-directly-to-accounts?utm_source=Telegram&utm_medium=social
Cointelegraph
Coinbase users can choose to deposit paychecks directly to accounts
Crypto exchange Coinbase will be offering direct deposits for workers wanting to immediately use their paychecks to purchase crypto with no transaction fees.
❌CoinGecko, CoinMarketCap now blocked by China's internet firewall
CoinGecko and CoinMarketCap are currently both blocked by China's internet firewall, according to tests run by The Block. Search results on Greatfire.org, an online tool for checking sites censored by China's Great Firewall, also show that the two sites are 100% blocked as of press time.
It's not clear when exactly CoinGecko and CoinMarketCap became inaccessible but users started to notice the blockage early Tuesday morning China time.
https://www.theblockcrypto.com/linked/118878/coingecko-coinmarketcap-blocked-china-internet-firewall?utm_source=rss&utm_medium=rss
CoinGecko and CoinMarketCap are currently both blocked by China's internet firewall, according to tests run by The Block. Search results on Greatfire.org, an online tool for checking sites censored by China's Great Firewall, also show that the two sites are 100% blocked as of press time.
It's not clear when exactly CoinGecko and CoinMarketCap became inaccessible but users started to notice the blockage early Tuesday morning China time.
https://www.theblockcrypto.com/linked/118878/coingecko-coinmarketcap-blocked-china-internet-firewall?utm_source=rss&utm_medium=rss
The Block
CoinGecko, CoinMarketCap, TradingView now blocked in China
Two most popular crypto market data sites have now become inaccessible for users based in mainland China.