BIT Mining introduced the LD3 device for mining Litecoin and Dogecoin. More than 5,000 devices have already been released. Against the backdrop of such news, the shares of the crypto company rose by 51%. Of the first batch of 5,000 devices, some will be used by BIT Mining itself, and some will be sent to third-party customers. This is the second ASIC miner model introduced by BIT Mining after the takeover of the mining equipment…
The largest cryptocurrency exchange Binance held another quarterly burning of BNB coins. 2.06 million BNB worth over $575 million was destroyed. Recall that the BNB token was launched in 2017 on Ethereum. After the launch of Binance Smart Chain, the tokens were transferred to this network. Initially, 200 million BNB were issued, but with the help of quarterly burns, the exchange is going to reduce the number of available coins to 100 million. The number…
The well-known indicator for bitcoin “Fear and Greed” has left the “fear” zone for the first time in the last few months. This was facilitated by a noticeable increase in the rate of the first cryptocurrency. Yesterday, January 15, the Fear and Greed index reached 52, which is a neutral indicator that reflects the mood in the market. On June 9, 2022, the index hit an all-time low of 9 and has since hovered between…
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…
The British company NFT Investments announced the loss of $250,000 in assets. The company said that its specialists recorded a “fraudulent phishing attack from an unknown external source.” In order to counter intruders, the company implemented an “emergency incident response” plan. An independent company has been entrusted with investigating the details of the cyber attack. Details of the incident were not disclosed. “The company will immediately inform the market if there are any changes in…
The policy of the largest cryptocurrency exchange in the world, Binance, involves blocking any short-term trading for its employees for 90 days, the journalists found out. Chinese reporter Colin Wu tweeted that the exchange needed such a measure to deter any attempt at insider trading. Binance representatives confirmed that the company has a zero-tolerance policy for insider information trading by employees and their families. Therefore, any investments of employees within 90 days after the placement…
At the request of the Ontario Securities Commission (OSC), the Crypto.com cryptocurrency exchange will remove the Tether (USDT) stablecoin from the listing of assets available to users in the region. Crypto.com reported that Tether support for residents of the region will end on January 31st. The exchange invited USDT holders to complete all transactions before the deadline, as well as convert or withdraw stablecoin deposits from exchange accounts. “Crypto.com will delist USDT for Canadian users…
Trading Terminology – Understanding the Basics A look at common CFD trading terms and what they mean… When it comes to online trading, there is no better platform than MetaTrader4. The award-winning trading software is a favorite amongst newbies and pro-traders alike. This is due to many favorable features however, in order to take full advantage of these features, you need to know and understand the basic language in the industry: Top…
News1 reports, citing unnamed Huobi Korea sources, that on January 9, 2023, the Korean division of the Huobi Global cryptocurrency exchange began preparing a buyback procedure for its shares owned by the parent company. The Korean branch plans to change the commercial name: “Huobi Korea is constantly suffering from the image of the Chinese exchange. The name change and share buyback can be interpreted as an attempt to show that it is a safe, national…
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…
