Category: Blockchain

Bitcoin Futures Perpetual Funding Rate Turns Positive as BTC Balance on Exchanges Slip to a 3-Year Low

Bitcoin (BTC) was up by 4.47% in the last seven days to hit $47.978 during intraday trading, according to CoinMarketCap. This surge in price has been instrumental in flipping BTC futures perpetual funding rate positive. Yann & Jan, the co-founders of crypto analytic firm Glassnode, explained: “Traders in Bitcoin futures markets remain reasonably bullish

Bybit Launches $BIT Token Listing

On Friday, Singapore-based cryptocurrency exchange Bybit announced its first token, called “$BIT”, on its Bybit Launchpad platform. Bybit’s listing of BIT will include the launching rewards and free giveaways for participants. Bybit said the Launchpad is open to its users who have completed know-your-client (KYC) L1, ensuring compliance fulfilling local regulatory requirements. The crypto exchange said the

South Korea May Have to Postpone Crypto Taxation, Lawmaker Declares

Rep. Noh Woong-rae of the Democratic Party of Korea has expressed his scepticism about the possibility of the country’s Ministry of Strategy and Finance actualising its plans of taxing incomes from transacting digital currencies. According to local news sources Thursday, the lawmaker believed the entities involved do not have the right infrastructure to carry out

Binance Exchange to Work with Regulators by Building a Centralized HQ

Binance, the world’s largest trading platform of trading volume, is looking to rebuild all broken walls with regulators worldwide as it looks to transition into a regulated entity. Speaking to the South China Morning Post (SCMP), Binance CEO Changpeng Zhao highlighted the need to centralise its core business offering.  “As we run a centralised exchange,

Turkish Central Bank Announces Partnership with Technology Firms to Develop CBDC

The Central Bank of the Republic of Turkey (CBRT) announced that it has signed agreements with several major institutions and also created the “Digital Turkish Lira Collaboration Platform” to expand its research into the potential benefits of introducing a CBDC (Central Bank Digital Currency) to complement the existing payment infrastructure. Turkey’s central bank said that

Solana Network Resume Operation after Long Hours Shutdown

The Solana network is back online after long hours of outage. The restart process was a laborious task that took several hours to stabilise the network proved unworkable. Eventually, a restart patch was released to validators that worked, and as a result, a successful reactivation happened in the early hours of Wednesday, September 15. However,

Coinbase Applies to the National Futures Association for Trading Crypto Futures

Digital currency exchange Coinbase is working hard to become a qualified cryptocurrency derivatives commission merchant. Coinbase, the largest cryptocurrency exchange in the United States, submitted an application to become a registered futures commission merchant (FCM) with the National Futures Association (NFA) on Wednesday. The registered company is named “Coinbase Financial Markets Inc.” Coinbase confirmed on Twitter today,