What Are Cryptocurrency Trading Bots and How Do They Work?
This digest breaks down what is bot trading, how it works and whether you should dive in. Moreover, it unveils the definition of trading bot types along with their pros and cons.
Crypto Exchange Kraken Is Facing Difficulties Amid the Crypto Downturn and Taking Steps To Stay Afloat
Crypto exchange Kraken is facing difficulties amid the crypto downturn and taking steps to stay afloat.
Cryptocurrency Exchanges and Proof of Reserves (POR): Why It is Important?
In a year where volatility has been the new normal, traders and exchanges in the crypto industry have felt their fair share of turbulence. From FTX’s unfortunate bankruptcy announcement to Proof taking center stage — trust within this space is at an all-time low.
Bitcoin Exchange Exodus Continues as Self-Custodied Supply Hits New High
Crypto investors are still moving their Bitcoin off exchanges, but not necessarily to sell it. The amount of BTC held off-exchange is now at its highest-ever level suggesting long-term confidence in the asset.
Binance News: “Things Have Stabilized, Deposits Are Coming Back In” – CEO CZ
Binance CEO Changpeng “CZ” Zhao on Wednesday said deposits are coming back to the crypto exchange. The FUD surrounding Binance facing FTX contagion and the DOJ probe caused massive withdrawals from the crypto exchange in the last few days. The investors panicked and sold or transferred their crypto holdings from Binance. Binance CEO reassured customers that things are now stabilized. The crypto exchange has processed more withdrawals than current withdrawals during the Terra-LUNA or FTX crisis. (coingape)
White House Silent on Whether It Will Return $5.2M in Donations From SBF
White House press secretary, Karine Jean-Pierre, declined to answer questions from a reporter on whether United States president Joe Biden will return the $5.2 million in campaign donations previously given by FTX founder Sam Bankman-Fried. “Will the president return that donation?” Associated Press reporter Zeke Miller asked in a Dec. 13 press briefing, “does he call on all politicians who got campaign donations that may have come from customer money to return those funds?” (Cointelegraph)
Binance US Finally Rolls out Mobile Payments Service to US Customers
United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021. The service, which was rolled out a beta version globally in Feb. 2021 for peer-to-peer payments before expanding to include merchant transactions on Mar. 12, allows mobile users of the Binance app to instantly transact nearly 150 supported cryptocurrencies without fees. (Cointelegraph)
How Ukraine Became a Crypto Innovation Hub - Alex Bornyakov, Deputy Minister of Digital Transformation
Alex Bornyakov is the Deputy Minister of Digital Transformation in Ukraine. He recently joined the Bitcoin.com News Podcast to talk about how the country is using cutting-edge technologies such as cryptocurrencies, NFTs and web3 in face of the dreadful challenges of war. (Bitcoin.com)
Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports
Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing 60% of the payments operations made, while plastic-based payment media has stagnated, registering a fall in use. (Bitcoin.com)
Australia Targets Crypto In Major Regulatory Changes for 2023
On Wednesday, December 14, the Australian government said that it’s taking enough steps to improve regulation for crypto service providers. In early 2023, the government shall release a consultation paper to decide the kind of digital assets they want to regulate. To tighten the safety net in the crypto space, the Australian government is also mulling sweeping changes in its financial services laws. The new consultation paper will form the basis of Australia’s “strategic plan” for a payments system to be passed in early 2023. (coingape)
