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Binance offered its staff in the United Arab Emirates the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur and Bangkok amid regional tensions, the company told CoinDesk Friday.“Given the recent regional tensions, we offered employees the option to temporarily relocate as a precautionary, employee-first measure to provide flexibility and support during a period of uncertainty,” a Binance spokesperson said. “As a remote-first organization, we are well set up to support this kind of flexibility without disruption to our operations.”The spokesperson also said its operations in the UAE remain unchanged and that many employees have chosen to stay.“Our operations…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A Bitcoin transaction that costs $75 to $150 in GPU compute is not built for daily use, but it may still matter. StarkWare chief product officer Avihu Levy has put forward a scheme called Quantum Safe Bitcoin, or QSB, that he says could make new BTC transfers resistant to quantum attacks without changing the Bitcoin protocol. The proposal is designed to work even against a large quantum computer running Shor’s algorithm. A Workaround Inside Bitcoin’s Existing Rules Levy’s plan stays within the crypto’s current legacy script limits…
Weiss Ratings assigns Cardano an “Excellent” technology grade and B+ overall, yet ADA’s market performance grade sits at D with price down 36% in 90 days. Weiss Ratings just gave Cardano’s technology its highest possible grade. The independent financial rating agency, known for conflict-free analysis across markets, assigned ADA an “Excellent” score for technology. That is not a typo. TapTools flagged the development on X, pointing out that Weiss has operated conflict-free across financial markets for decades. The overall Technology/Adoption grade landed at B+. Adoption sub-grade came in at “Good.” Those are genuinely strong numbers. But Weiss does not stop…
World Liberty Financial’s WLFI token fell about 12% in the past 24 hours after the Trump-linked crypto venture published a thread on X defending its lending position on Dolomite, the DeFi protocol whose co-founder advises WLFI.The thread came in response to CoinDesk’s reporting that WLFI had deposited its own governance token as collateral, borrowed stablecoins against it, and drained the USD1 lending pool to the point where other depositors could not withdraw.WLFI did not dispute the transactions but instead argued that the position was intentional and beneficial. “We are one of the largest suppliers and borrowers on WLFI Markets,” the…
A crypto analyst has shared two interesting scenarios she believes that the Bitcoin price could follow, depending on the direction of its next moves. According to the analyst, a price breakdown to new lows near $50,000 could be bullish for BTC, suggesting the cryptocurrency may reverse to the upside after hitting that bottom. On the other hand, she has also shared a bearish thesis which could see the flagship cryptocurrency extending its already prolonged downtrend. A Possible Bullish Scenario For The Bitcoin Price Crypto market analyst Tara has presented a price chart outlining a detailed roadmap for Bitcoin, depending on…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano has been one of the worst-hit altcoins in the crypto market, barely getting a rally in the last run and dropping fast once momentum shifted. Over the last year, the cryptocurrency’s performance remained muted as it seemed like investors were focused on offloading their coins in order to avoid more losses. But with the new year, this trend seems to be changing, especially as investors seem to be coming back to the table. Cardano Sees Renewed Activity According to the on-chain tracking platform, Santiment, the Cardano…
BTC dominance keeps climbing as ETHBTC confirms bearish divergence. Analyst MooninPapa warns alts could underperform hard even if Bitcoin holds strong. Bitcoin printed a slightly higher high on Thursday. On the surface, that sounds like good news. It is not the whole story. According to analyst MooninPapa on X, the 4-hour TBO breakout came late. Price had already stretched before the signal arrived. Volume did not back the move and OBV stayed weak, pointing more toward a pivot high than the start of a new leg up. That kind of breakout carries a warning built into it. When the Chart…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2007.93, down 0.2% (-3.4) since yesterday’s close.Six of 20 assets is trading higher.Leaders: AVAX (+0.6%) and BTC (+0.3%).Laggards: HBAR (-1.9%) and ADA (-1.3%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Digital Currency Market Dynamics:#Hedera #HBAR #drops #leading #index
The chief executive of the biggest US bank is sounding the alarm on the serious risks of America’s mounting debt. In a letter to shareholders, JPMorgan Chase chairman and CEO Jamie Dimon says the US government needs to promptly address its debt problem before the situation could balloon into a crisis. “High and increasing government debt will eventually have to be dealt with — the right way would be to deal with it now before it becomes a problem; the wrong way would be to let it become a crisis, which, in my opinion, is probably the likely outcome.” Dimon…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An XRP enthusiast on X recently shared a screenshot of a valuation calculator outputting a price of $1,632 per token, using a set of assumptions about global transaction volumes and store-of-value demand for XRP. However, according to the pundit, the most important thing is not this predicted price. The claim does not stand alone, though, as it feeds into a shared narrative that has been circulating across the XRP community for many months. A $1,632 Valuation Model Built On Flow XRP is currently trading around $1.30 to…