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Crypto’s Most Powerful Woman Speaks Out as Crisis Rocks Binance

One senior Binance executive has managed to stay out of the global spotlight over the past six years and counting — even now as governments everywhere intensify their crypto clampdown: Yi He.As a co-founder of the besieged digital-currency empire, she's one of the most powerful players in the $1.2 trillion industry. She also has much to lose as the regulatory onslaught deepens and causes an existential crisis for crypto's largest exchange. After successfully marketing Binance in its early days across media platforms, Yi…

Binance Technical Glitches: Binance says withdrawals have resumed after technical glitches

Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet.Binance suspended deposits and withdrawals earlier on Friday due to a "bug on a trailing stop order," Chief Executive Changpeng Zhao said in a tweet, adding that the pause in deposits and withdrawals was a standard operating procedure.Ilya Volkov, CEO of Youhodler, a crypto lending platform, agreed that the pause was a result of a technical glitch and would not affect…

Investors pull $2.5 billion in days from Binance’s stablecoin on regulatory scrutiny

About $2.5 billion flowed out from Binance's stablecoin this week, Binance's CEO said on Twitter, after US regulators turned their sights on the cryptocurrency. Most of the money has moved from moved from Binance USD into Tether, another so-called stablecoin where tokens have a $1 value, Binance boss Changpeng Zhao said on Twitter. "Landscape is shifting," he said. Stablecoins are used for trading between crypto tokens and between crypto and traditional assets. Binance USD is the third-biggest stablecoin behind Tether and…

Bitcoin Price Remains Below $17,000, Most Cryptocurrencies Record Losses

Despite the holiday season being right around the corner, the winter cheer has failed to reach the beleaguered crypto sector. The crypto price charts on Monday December 12 reflected losses for most cryptocurrencies. With a loss of 1.42 percent, Bitcoin opened trading today at the price point of $16,875 (roughly Rs. 13.9 lakh). The oldest cryptocurrency also saw losses of around 1.45 percent on international exchanges such as Binance and Coinbase, where it continues to trade at a price point lower than the mark of $17,000…

Bitcoin Price Remains Below $17,000, Most Cryptocurrencies Record Losses

Despite the holiday season being right around the corner, the winter cheer has failed to reach the beleaguered crypto sector. The crypto price charts on Monday December 12 reflected losses for most cryptocurrencies. With a loss of 1.42 percent, Bitcoin opened trading today at the price point of $16,875 (roughly Rs. 13.9 lakh). The oldest cryptocurrency also saw losses of around 1.45 percent on international exchanges such as Binance and Coinbase, where it continues to trade at a price point lower than the mark of $17,000…

Bitcoin, Ether Rally as Overall Crypto Market Rises by 3 Percent Amid Ongoing Crypto Winter

Most cryptocurrencies have managed to see profits this week, despite the prevailing volatility and the ongoing crypto winter spurred by the collapse of crypto exchange FTX last month. Bitcoin on Wednesday registered a profit of 3.70 percent to open trading at $17,783 (roughly Rs. 14.7 lakh). In the last 24 hours, the value of BTC grew by $663 (roughly Rs. 54,806) from yesterday's price of $17,150 (roughly Rs. 14 lakh). As per the data reflected by international exchanges, BTC reeled-in profits slightly under four percent…

Bitcoin, Ether Record Losses as Overall Crypto Market Valuation Slips by 1.12 Percent

One day after majority cryptocurrencies recorded profits and the crypto market valuation rose by over three percent, the price charts for cryptocurrencies was hit by volatility once again. Bitcoin on Thursday, opened with a loss of nearly one percent. At the time of writing, BTC was trading at $17,716 (roughly Rs. 14.6 lakh). The world's most popular cryptocurrency also saw tiny price dips on international exchanges. As per Binance and CoinMarketCap, BTC is trading at the price point of $17,734 (roughly Rs. 14.4…

Bitcoin, Ether Prices Dip as Shiba Inu, Stablecoins Record Profits

Bitcoin registered a loss of 1.50 percent on national and international exchanges on Friday, and the oldest cryptocurrency was trading at the price point of $17,406 (roughly Rs. 14.4 lakh). BTC, in the last 24 hours, has effectively lost up to $328 (roughly Rs. 27,168) to trade at current prices. The cryptocurrency, so far in the last two months, has not been managed to trade above the level of $18,000 (roughly Rs. 14.90 lakh). More losses than gains were recorded on the crypto price charts, as the market opened for trade…

Attackers steal $570 million from Binance-linked blockchain

A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain "bridge" used in the BNB Chain, known until February as Binance Smart Chain. Blockchain bridges are tools used to transfer cryptocurrencies between different applications. Criminals have increasingly targeted them, with some $2…