Forwarded from Crypto News
📣 #Binance is setting up an industry recovery fund to help projects affected by the $FTX mitigate its negative impacts.
@Crypto_Cue
@Crypto_Cue
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Coin Signals
🚀 Elon and 💰 CZ both posted positive about crypto at the same time. 😂
Recently CZ invested a huge amount in twitter.
Nice inside job! 😄
Recently CZ invested a huge amount in twitter.
Nice inside job! 😄
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Coin Signals
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🚨🚨🚨 BREAKING : Over 200 million of FTT 💰 tokens was just added to the circulating supply and it will be dumped to the open markets.
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Crypto News
1. Binance is Working on a Proof of Reserve protocol with Ethereum’s Vitalik Buterin
2. SAFU: Binance has not taken loans from other companies
3. Binance’s large holding of BUSD is not a risk
4. Binance will assist good projects struggling with liquidity
5. Don’t guess the market: Just HODL
6. Are Binance subsidiaries and portfolio projects also safe?
7. Binance will be fine if all users withdraw their funds
8. Red flags to look out for in crypto exchanges
9. FTX: Binance could head for bankruptcy if it shoulders every lost fund in crypto
10. It's The biggest bottleneck to crypto adoption
Details: https://www.cryptopolitan.com/10-takeaways-from-ama-with-binance-cz
@Coin_Signals
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Adoption of Self custody will boost DeFi chains rather than Bitcoin. Chains like (ERC20, BEP20, and TRX) holds the majority of the stablecoins volume.
Hence tokens can be easily Swapped only within the same chains by using the Swaps/Apps (Metamask, TrustWallet, Ledger, PanCakeSwap) of these chains.
As a result, purchasing Bitcoin in the DeFi Ecosystem will be somewhat difficult.
The majority of people will purchase Wrapped Bitcoin (WBTC), an ETH version of bitcoin by using USDDT ERC20 and by paying ETH as GAS Fees.
Some will understand it now, while others will understand later.
CEX is dead. Everything is DeFI, and ETH is the King of DeFi.
Due to its role as an oxygen for the DeFi Ecosystem, ETH will undoubtedly flip bitcoin during the upcoming bullrun.
@Coin_Signals
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Coin Signals
The result is instead printing of additional 706,862 ETH supply since the Merge, the total supply decreased by 6091 ETH. 📉
📈 If a bullish cycle appears, it will lead to increased network usage, thus increasing gas prices, more fees burn.
This will result in a more substantial decrease in the token’s supply, and a possible parabolic price surge might appear. 🚀🚀🚀🚀
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As long as the daily candle does not close above $17.2k, where BTC is currently facing significant resistance, we can expect to see $15,000.
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🚨🚨🚨 The 3rd largest #Bitcoin whale wallet has sent 2000 BTC to the Coinbase exchange.
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Forwarded from Crypto News
🚨 #Genesis Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of $FTX Collapse
@Crypto_Cue | link
@Crypto_Cue | link
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Fin Watch
⚡️ After the risk of #FTX liquidity issues spread, exchanges that announced that they would be issuing proof of reserves: #OKX #Binance #KuCoin #BitMEX #Gate #Polonix #Huobi #Deribit #Bybit #Deepcoin #Bitget @Fin_Watch
📊 Today Huobi and Bybit announced their cold wallet reserves.
At present, among the major exchanges, only
🚨 Gate_io
🚨 MEXC_Global
🚨 BitgetGlobal
have not announced their cold wallet addresses and 100% user reserves.
At present, among the major exchanges, only
🚨 Gate_io
🚨 MEXC_Global
🚨 BitgetGlobal
have not announced their cold wallet addresses and 100% user reserves.
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Forwarded from Crypto News
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Coin Signals
🚨 Crypto exchange Gemini reports broad outage, says client funds 'secure' Several hours earlier, Gemini announced that its Earn unit will be unable to meet customer redemptions.
⚡️ Gemini exchange fully back online; all customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time.
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