Author: Admincrypt

Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to the cryptocurrency exchange platform known as CommEX.Binance has entered into an agreement to sell the entirety of its Russia business to CommEX, the firm said in an announcement to Cointelegraph on Sept. 27.To ensure a smooth process for existing Russian users, the off-boarding process will take up to one year, the announcement reads. “All assets of existing Russian users are safe and securely protected,” Binance noted.“As we look toward the future, we recognise that operating in Russia is not compatible with Binance’s compliance strategy,” Binance’s…

Discover the keys to navigate the world of IoT and its transformative potential with Andreas Wolter, vice president of Sales for Europe at Bosch Global Software Technologies. In this interview, Wolter shares his invaluable expertise on the topic. REGISTER NOW FOR FREE TO READ FULL INTERVIEWBosch’s IoT strategy is built on a solid foundation, the Bosch IoT Suite. Developed with a vision of creating open IoT ecosystems, this suite not only powers Bosch’s physical products but also generates recurring revenue through value-added services. Bosch’s commitment to open standards and open source technologies has been instrumental in its achievements. Scaling IoT projects has…

Catastrophe bonds offer investors a “positive outlier” in the world of alternative investments for 2024, according to global asset manager Columbia Threadneedle.While remaining generally underweight alternatives, due to the proliferation of more traditional assets with improved returns in the higher rate environment, giant asset manager Columbia Threadneedle selects catastrophe bonds as a segment to watch. The manager views many alternative asset classes as still attractive due to their diversification benefits, but stays underweight those where inflation has an influence. Catastrophe bonds scored well in Columbia Threadneedle’s Capital Market Assumptions (CMA) model, in its outlook for 2024. While these are seen…

As with USDC, the EURC on the Stellar network is redeemable at a ratio of 1:1 to the backing fiat currency at any time of the day and week. Leading stablecoin issuer, Circle Internet Financial LLC, and the Stellar Development Foundation (SDF) announced the launch of EURC on the Stellar network. The EURC stablecoins now run on three layer one (L1) blockchains including Ethereum (ETH), Avalanche (AVAX), and now Stellar (XLM) network. As a result, DeFi and Dapps developers on the three chains can build financial ecosystems that tap into the EURC to capture the European market. Moreover, the EURC…

The SEC has now postponed decisions on several spot BTC ETF applications, including ARK 21Shares, Valkyrie, WisdomTree, VanEck, and Bitwise. The United States Securities and Exchange Commission (SEC) has officially delayed making a decision on a spot Bitcoin exchange-traded fund (ETF) proposal from ARK 21Shares. The Commission seems to be exploiting the maximum time required to make a decision and had given itself an additional 60 days. The SEC published a notice stating that it needed more time to either approve or reject the ARK 21Shares application proposed for listing on the Cboe BZX Exchange. This decision may be unsurprising to ARK…

Ithaca Energy shares ITH, +6.62% climbed 5% as the U.K. government approved the Rosebank offshore development off Scotland in a controversial decision. Equinor EQNR, +1.30%, the majority owner, and Ithaca plan to invest $3.8 billion in the development. Recoverable resources are estimated at around 300 million barrels of oil from phase 1 and 2. TechnipFMC FTI, -1.61%, Odjfell Drilling and Altera were awarded contracts, the companies said. Source link

Insured losses from severe convective storms (SCS) in the United States have continued to escalate through the third-quarter of the year, with the annual total for 2023 now reaching a record $50 billion, the first time this peril has ever caused this level of loss for the industry, Gallagher Re’s Steve Bowen has explained.Bowen, the Chief Science Officer of reinsurance broker Gallagher Re, posted on Linkedin that, “2023 has officially crossed the $50 billion insured loss threshold for US SCS activity for the first time on record — and it will keep rising.” It’s not just new severe thunderstorm, tornado,…

The upcoming $3 billion in Bitcoin (BTC) monthly options expiration on Sept. 29 could prove pivotal for the $26,000 support level.BTC price faces serious headwindsOn one side, Bitcoin’s recognition in China appears to be strengthening, following a judicial report from a Shanghai Court that acknowledged digital currencies as unique and non-replicable.Conversely, Bitcoin’s spot exchange trading volumes have dwindled to a five-year low, according to on-chain analytics firm CryptoQuant. Analyst Cauê Oliveira pointed out that a significant factor behind this decline in trading activity is the growing fear surrounding the macroeconomic outlook.Despite the increase in long-term holders, the reduced trading volume poses a…

A Bitcoin proponent’s recent attempt to crypto trade his way from New York to Alaska has come to a sudden and bitter end — some 900 miles from his final destination. Thomas Kralow, a crypto trader and educator recently set himself the daring task of traveling from one side of the United States to the other funded solely by trading crypto. On Aug. 12, Kralow set out from New York with his assistant Ilya and an initial budget of $5,000 cash. The pair forked out some cash for a dinged-up Mercedes and set up a Starlink antenna on the back of…

Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin (BTC) monetary transfers.“There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained in a Sept. 25 report.The firm explained that this is likely because inscription users tend to set low fee rates, expressing willingness to wait longer periods of time for confirmation.“Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.”Bitcoin Ordinals were introduced in Feburary 2023, and have since accounted for the lion’s…