Binance news letter8/11/2023 ![]() ![]() 24 low of ~$1.55T to ~$1.80T at the time of writing, buoyed by strong rallies from blue-chip cryptocurrencies like Bitcoin (BTC), which grew by as much as 16% in a single 24-hour period to end the month of February. Ĭryptocurrency markets showed surprising resiliency, as the total cryptocurrency market cap climbed from a Feb. As the scope of economic sanctions against Russia widened, the ruble fell to less than a cent against the dollar. stocks and cryptocurrency markets stumbled in late February when Putin announced the launch of a “military operation” on Ukraine, and the S&P 500 fell into correction territory for the first time in two years. ![]() Volatility gripped global markets as geopolitical tensions weighed on investors. In economic news, the past month’s story can be summed up with one word: Volatility. *Note that the contents of this newsletter are subject to a legal disclaimer located below* Inflation is robbing them of the gains they might otherwise feel,” said Biden in lengthy remarks addressing his domestic agenda. Despite record job growth and climbing wages, “too many families are struggling to keep up with the bills. households are beginning to feel the effects of inflation at home. and its European allies, according to President Biden’s State of the Union Address, his first since being elected to office.Īs global unrest intensifies abroad, U.S. Russia faces “powerful economic sanctions” from the U.S. The figures highlight the black market of NFT Drainers, which simply put are malicious code that used to drain the value of a specific NFTs by flooding the market with large quantities of that token.Why does the shortest month of the year always feel like the longest? In February, geopolitical risks took center stage as Russian forces invaded Ukraine, sparking one of the most significant military conflicts in Europe since World War II. That is according to data from PeckShield and multiple dashboards on Dune Analytics, analysed by The Block. Don’t steal’ Hacker stole $73m with NFT drainers in last nine monthsĬybercriminals have stolen over $73 million from more than 32,000 wallets over the last nine months by using NFT drainers like Inferno and Venom. NOW READ: Euler hacker returns with cryptic messages: ‘Don’t be stupid. Since ZachXBT tweeted the details of the lawsuit on June 16, donations have poured in from wallets across several blockchains, and include funds from high-profile donors such as Binance CEO Changpeng Zhao and Tron founder Justin Sun. I intend to fight back & defend free speech. The lawsuit is baseless and an attempt to chill free speech. Today Machi filed the defamation lawsuit. Research by DL News shows that Binance Nigeria Limited is one of several copycat companies created by Ahassan Ifzal Mughal, Esq., who stated that the companies were created so the names could be sold to the parent entities if they expanded into Nigeria.ġ/ It’s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022. Nigeria’s financial regulator ordered the company - called Binance Nigeria Limited - to stop soliciting investments in the country, at a time when Binance’s US subsidiary faces a lawsuit from the US Securities and Exchange Commission. NOW READ: Charles Hoskinson embarks on ocean expedition to search for alien technology Binance issues cease-and-desist letter for copycat Binance Nigeria Limitedīinance CEO Changpeng “CZ” Zhao tweeted Sunday that the company issued a cease and desist letter to a copycat entity based in Nigeria, days after the Nigerian government courted confusion when it publicly banned the entity. The Jason Bourne superstar has even appeared in ads issued by the firm. “This is not a controversial practice,” told the FT, saying that the internal teams are “treated exactly the same as third-party market makers that identically facilitate tight spreads and efficient markets on our platform.”Ĭ is one of the world’s biggest crypto exchanges and has been endorsed by the likes of Matt Damon. Market making and proprietary trading are not uncommon among financial services businesses, but are usually run in separate entities. The Singapore-based group operates proprietary trading and market making teams, according to sources speaking with the Financial Times. criticised for running internal market makerĮxchange has come under fire for running internal market making and trading teams, which could highlight potential conflicts of interest. ![]()
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