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Binance Futures Introduces Updates to Taker Program, Offering Fee Discounts

Binance Futures, the futures trading platform of cryptocurrency exchange Binance, has recently unveiled updates to its Taker Program. These updates aim to offer enhanced benefits to eligible users who engage in trading activities on the platform. Effective from April 30, 2024, at 00:00 (UTC), eligible users will be able to enjoy a taker fee discount … Continue reading Binance Futures Introduces Updates to Taker Program, Offering Fee Discounts

Bitcoin Transaction Fees Experience Significant Drop Following Record High

Transaction costs for Bitcoin, the most popular cryptocurrency in the world, dropped significantly after reaching a record high. This decline, which followed the Bitcoin halving, has drawn interest from the cryptocurrency community. Let’s examine this development’s specifics. Bitcoin Transaction Fees Plunge: The average charge for Bitcoin transactions has dropped significantly, only one day after hitting … Continue reading Bitcoin Transaction Fees Experience Significant Drop Following Record High

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance, the leading players in the cryptocurrency trading industry, has been hit with a class-action lawsuit in Canada. The Ontario Superior Court of Justice has given the green light to the lawsuit, which alleges that Binance violated securities laws by selling crypto derivative products to retail investors without proper registration [1]. The plaintiffs, represented by … Continue reading Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance Futures to Introduce USDC-Margined BOME, TIA, and MATIC Perpetual Contracts with Up to 75x Leverage

In an announcement made on the Binance Support Center, Binance Futures revealed that the BOMEUSDC Perpetual Contract will be launched on April 25, 2024, at 07:00 (UTC) with up to 50x leverage. Additionally, the TIAUSDC Perpetual Contract will be introduced at 07:15 (UTC) with the same leverage, followed by the MATICUSDC Perpetual Contract at 07:30 … Continue reading Binance Futures to Introduce USDC-Margined BOME, TIA, and MATIC Perpetual Contracts with Up to 75x Leverage

Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

The potential return of over $9 billion worth of Mt. Gox-era Bitcoin in the coming weeks could unsettle the market and exert negative price pressure on Bitcoin, according to analysts at K33 Research. Earlier this week, some creditors of the now-defunct Mt. Gox crypto exchange shared updates on their claims, providing information about the amount … Continue reading Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

NVIDIA Acquires GPU Orchestration Software Provider Run:ai for $700 Million

In a move to bolster its AI workload management capabilities, NVIDIA has entered into a definitive agreement to acquire Run:ai, a prominent provider of Kubernetes-based workload management and orchestration software. With AI deployments becoming increasingly complex and distributed across multiple infrastructures, efficient resource utilization has become a priority for enterprises. Run:ai offers an open platform … Continue reading NVIDIA Acquires GPU Orchestration Software Provider Run:ai for $700 Million

Kraken Introduces Simple, Secure, and Powerful Kraken Wallet

Kraken, a leading cryptocurrency exchange, has taken a significant step towards accelerating crypto adoption with the release of Kraken Wallet. The self-custodial wallet is designed to be simple, secure, and powerful, offering users an easy-to-use gateway to the decentralized financial system. Whether individuals are Kraken clients or not, they can utilize the multichain Kraken Wallet … Continue reading Kraken Introduces Simple, Secure, and Powerful Kraken Wallet

US Senators Introduce Bipartisan Stablecoin Bill to Establish Regulatory Framework

US senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act, a landmark bipartisan legislation that seeks to establish a regulatory framework for payment stablecoins. The bill aims to protect consumers, foster responsible innovation, and crack down on money laundering and illicit finance. The legislation, which the senators have been working on … Continue reading US Senators Introduce Bipartisan Stablecoin Bill to Establish Regulatory Framework

Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024

When compared to the previous quarter, the total value locked (TVL) in decentralised finance (DeFi) approximately doubled during the first quarter of 2024, indicating that DeFi has witnessed tremendous growth from the previous quarter. It is possible to ascribe, at least in part, this spike to Ethereum’s liquid restaking activities, which have been the driving … Continue reading Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

A preview of the new Form 1099-DA, a tax form that will be used by cryptocurrency brokers to record transactions involving digital assets, has been made available by the Internal Revenue Service (IRS) of the United States of America. As part of the continuous efforts of the Internal Revenue Service (IRS) to enhance compliance and … Continue reading IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

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