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Binance Delists FTX Tokens Due to Crypto Users' Lack of Understanding
Binance, the world’s largest crypto exchange by trading volume, has made a tough decision to delist all FTX leveraged tokens, citing that customers did not understand how the tokens work. The exchange intends to shut off withdrawals and deposits for the assets on March 31 at 8 a.m. UTC and to stop trading at 10 a.m. on the same day. The decision has sparked mixed reactions. Some users support the decision while others want the leveraged tokens to remain on the crypto exchange platform.
Bitcoin Gains 110% Since Its Halving – 4 Reasons Why BTC Is Only Going to Rally Higher
Bitcoin’s price has more than doubled in value since its third halving in May. Market experts think that Bitcoin will only rally higher due to four reasons.
Bitcoin Maximalist Max Keiser says Investors Holding Assets Other than BTC and Gold are in Trouble
According to Max Keiser, due to the renewed expansion of the Federal Reserve’s balance sheet, all assets are in trouble, except gold and Bitcoin.
China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns
A major Bitcoin mining hub in China, Inner Mongolia will be shutting down its extensive mining operations by April of this year.
KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow
KuCoin, a Singapore-based crypto exchange, has disclosed the suspicious withdrawal of large amounts of Bitcoin, ERC-20, and Ether.
Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report
Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months.
Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature
Researchers in Japan have been looking into a blockchain-based mechanism to settle legal disputes in a “digital court,” aiming to perform legal actions with a more cost-efficient legal process.
Cryptocurrency Market Outperforms Gold in 2020, Mostly Due to DeFi Hype
According to the Bloomberg Galaxy Crypto Index, cryptos have been performing up by 66 percent in 2020, exceeding that of gold’s performance by 20 percent.
JPMorgan: Bitcoin Price to See Long-Term Upside Trend due to One Important Component
JPMorgan has made several comments on the world’s largest cryptocurrency in the past year, and its stance on Bitcoin (BTC) has since changed.
Ethereum Network Planned Hard Fork Delayed Due to Late Acceptance of EIPS
The blockchain infrastructure company running the core of the Ethereum network has delayed the planned hard fork launch until September 6th.
KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security
One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing.
India’s Crypto Bill Hearing Postponed by Supreme Court
The Indian supreme court has set a new date to hear the crypto case, which was originally scheduled for July 23. The purpose of the hearing was to address the writ petitions against the central bank’s crypto restriction.