Markets

Not long ago, Live Bitcoin News published an article talking about the world’s first cryptocurrency insider trading case, which occurred at the hands of a former employee of popular digital currency exchange Coinbase. It now looks like that case has reached a new pinnacle. Former Coinbase Employee May Have Conducted Insider Trades The case involves Ishan Wahi, a former product manager for Coinbase. He is accused of receiving private information about what coins the...

After spending a fortune on fortune on deals and investments in 2022, Binance may still have a mountain of dry powder left to deploy before the year closes.  The CEO of the world’s largest crypto exchange, Changpeng Zhao (CZ), recently said that his company may ultimately spend over $1 billion this year on acquisitions and investments.  Binance’s Billion-Dollar Plans As detailed by Bloomberg, Binance has already committed $325 million across 63 projects in 2022. In 2021, it...

In terms of overall market movements, not much was happening in the past seven days. The total capitalization remained somewhat flat, around $990 million, unable to recover above the coveted $1 trillion mark. Bitcoin’s price, as well as that of the majority of altcoins, also failed to post a significant difference. At the time of this writing, Bitcoin’s price trades at around $19,700 – more or less where it was this time last week. The volatility is currently gone from the...

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The payroll and job reports from the world’s largest economy were slightly above expectations for September. However, BTC reacted with a sharp price decline, as it typically happens when the US publishes any sort of data lately. Although the numbers for September are below August and the average for 2022, the States added 263,000 new jobs during the month, and the unemployment rate decreased to 3.5%, said the Bureau of Labor Statistics. These figures are slightly above...

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This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history.  An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million.  Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary” pause is due to “irregular activity,” and a “potential exploit.” “All systems are now contained, and we are immediately investigating the...