Financial Times

Global Exchange Binance Releases Crypto Bill of Rights For Traders

Binance, the world’s largest crypto exchange, has released what they call the “10 Fundamental Rights for Crypto Users.” Running what Changpeng Zhao (CZ) says is Binance’s first advertisement ever, the exchange took up an entire page of London’s Financial Times with the words “CRYPTO IS EVIL.” Underneath the eye-catching phrase, Binance warns: “When it comes to crypto, Don’t let the headlines fool you. There’s a world beyond Bitcoin and Dogecoin, one where financial opportunity is accessible to everyone, not just the privileged few. Crypto belongs to all of us. But

Here’s how crypto-market’s 24/7 trading is setting an example

The past couple of years have witnessed the continued growth of institutional investments flowing into the cryptocurrency market. It includes not only hedge funds and family offices but even pension funds and conservative custody banks parking their funds here. Naturally, this has led to the entangling of traditional and crypto finance, with the latter having profound effects on stock and currency markets. These include the trading times that these markets follow. While cryptocurrency exchanges operate non-stop, traditional exchanges operate only during specific days and time frames. This could change in

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only

SEC Crypto Mom Greets Pro-Crypto Acting Chairman

SEC Commissioner Hester Price tweeted on Dec. 24 her congratulations to fellow commissioner Elad Roisman on his promotion. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.— Hester Peirce (@HesterPeirce) December 24, 2020 Securities and Exchange Commissioner (SEC) Roisman’s appointment is not official. The SEC and White House have not confirmed the fact. However, Commissioner Price, known to the crypto community as Crypto Mom, did tweet her greetings. Feat of Clayton at SEC The move comes a day after SEC Chairman Jay Clayton announced his immediate departure.

A Bitcoin Christmas Present: New All-Time High!

Bitcoin hit $24,680 in a brief leap around 12.00 UTC. At the time of this writing, BTC remains just a touch above $24,000. The BTC all-time high (ATH) made for a nice holiday greeting. Gemini Exchange co-founder and crypto bull Cameron Winklevoss tweeted his regards after the peak hit: Rollercoaster Week Just days after hitting new ATH’s, bitcoin reached a new peak on Dec. 25. While not the $25,000 present some were asking for under their tree on Christmas Day, the $24,600 handle at least probably puts that figure psychologically

US Treasury Proposal Applies Travel Rule to Crypto

On Dec. 18, an office within the US Treasury Department released a set of proposals regarding cross-border transfers of digital assets. The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public. The measure, called the Travel Rule, affects cross-border transfers. Know thyself The major thrust of the proposal is a change regarding privately owned digital wallets. Virtual Asset Service Providers will now have to require

Jeff Currie Talks Bitcoin, Risk, Inflation Hedge

The head of Commodities Research at Goldman Sachs spoke on Bloomberg TV regarding his view of Bitcoin. He compared it with copper and gold in particular. Risk On, Risk Off Goldman Sachs Head of Commodities Research Jeffrey Currie told Bloomberg TV on Dec. 17 that he sees Bitcoin as a risk-on growth proxy. He compared it to copper and said that overlaying their pricing charts shows that they act in much the same way. Risk-on investments are those, across investment classes, that investors perceive as interesting when risk is relatively

Tether Sets New Records With $20bn+ Market Cap

USDT is now also the fourth largest crypto by market cap. The news was announced in a Tweet from the company. At the time this article was written, Tether had a market cap of slightly over $20.03 billion. This is down about $10 million from its peak today, according to CoinMarketCap.  Tether has just surpassed a $20B market capitalization! This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted currency! pic.twitter.com/sorWjzChIo— Tether (@Tether_to) December 18, 2020 Accelerate! Tether’s market cap has

BREAKING: US Treasury Breached by Government-backed Hackers

Reuters reports that the US Treasury and another department fell victim to a hacker attack. Details are sketchy Reuters reports on Dec. 13 that the US Treasury Department and another US government agency responsible for internet and communications policy were hacked. The report indicates that these hackers were backed by a foreign government. BeInCrypto.com will update with further details as they appear. Share Article James Hydzik is a finance and technology writer and editor based in Kyiv, Ukraine. He is especially interested in the development of regulation in the face

All Aboard the Bitcoin Express Says Max Keiser on Asian Capital Flight

For investors, Hong Kong has long served as the global financial system’s friendly intermediary with China. But after a year of social upheaval, the Chinese Government has imposed a comprehensive new national security law that would reportedly grant it “semi-autonomy” until 2048. Passed on June 30, 2020, the new law features 66 articles that affect many aspects of life in Hong Kong, including the potential for financial censorship by Beijing. The conditions for capital flight are ripe in the wake of this legislation. Investors Move 10% of Their Gold From

‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser

Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoin’s rally up to $12,000.“You can’t take it with you, unless it’s Bitcoin”In an Aug. 10 tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders. According to Keiser, a number of people in Asia are