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Binance France managing d irector Stéphanie Cabossioras has left the company, adding to a long list of senior executives who have departed the troubled crypto exchange this year.  Confirming the departure, Binance France president David Prinçay tweeted a thank you note on X in appreciation of Cabossioras’s service to the company. Binance’s Stéphanie Cabossioras Resigns   Nous remercions Stéphanie pour sa forte contribution à Binance France et lui souhaitons le meilleur pour son prochain défi. — David Prinçay (@davidprincay) October 18, 2023 Binance Investigated In France French newspaper Le Monde reported in June that Binance Finance had been under investigation since February 2022. The Paris Prosecutor’s Office cited money laundering and illegally operating as a service provider for digital assets among a series of allegations. Cabossioras had joined Binance in April of last year and before that...

B aseSwap integrates with Orbs Network’s product dLimit & dTWAP protocol expanding dTWAP and dLIMIT advanced trading orders to Base. BaseSwap Traders Now Have Access to Advanced Order Types BaseSwap traders will now enjoy access to both advanced order types. It enables them to secure the price of their orders or break up large orders into smaller trades. This development comes on the heels of successful integrations with other notable DEXs such as QuickSwap, SpookySwap, Thena, and others. With each integration, dLIMIT and dTWAP bolster Orbs’ standing as a market leader in DeFi innovation, demonstrating Orbs’ innovative layer 3 technology for pushing the limits of smart contract technology. Introducing dLIMIT: A Revolutionary DeFi Protocol Developed by Orbs dLIMIT, a decentralized and composable DeFi protocol created by the Orbs team and bolstered by the Orbs network, is now accessible to BaseSwap traders free of charge. This integration enables traders to utilize a...

Speculation around an airdrop has unquestionably gone rampant within our community. Recent projects that have rewarded their early users with an airdrop have done it in an ineffective manner, resulting in a displeased community. There have been hundreds of thousands of wallets with interactions on its platform. For obvious reasons, it is not practical to airdrop every single one of those wallets. Therefore a certain set of eligibility and criteria has to be decided upon for this token reward . Zigzag team does not want to be the centralized party dictating the criteria of an airdrop. That’s why all user data will be published in a future post on our governance forum allowing its community to decide upon the eligibility criteria for an airdrop. The community can then vote on their desired requirements. In order to establish a community-governed airdrop, tokens will have to enter the circulation to allow for a vote; the formation of ZigZag’s DAO. THE TOKEN LAUNCHING ANNOU...

Source: AdobeStock / Yevgen Kotyukh   Bitcoin (BTC) and crypto-backed investment funds saw outflows of USD 423m last week, marking the largest weekly outflows on record “by a wide margin,” data from the digital asset investment firm CoinShares shows. Per the latest update from CoinShares, the large outflows were solely focused on BTC funds, with USD 453m in capital leaving these funds. Funds backed by other digital assets such as ethereum (ETH) and cardano (ADA) saw inflows for the week. The inflows to ETH funds came after relatively large outflows of USD 70m seen the week before. The same week, BTC funds saw inflows of USD 28m. Source: CoinShares The vast majority of the outflows from bitcoin funds in the latest report occurred on June 17, but appeared in the data for last week due to “ reporting lags ,” CoinShares said. Commenting on the notable outflows, the report said that “almost all inflows year-to-date” in bitcoin f...

Source: Adobe/fesenko   Another survey shows a seemingly dominant sentiment that bitcoin (BTC) still has more room to fall and test new lows in the near term before skyrocketing again. In either case, the latest prediction marks the third time this year that a panel of analysts gathered by the comparison website  Finder.com has had to adjust its predictions down. Judging from an average of the responses, bitcoin could fall to USD 13,676 this year, before it ends the year higher at close to USD 25,500 – almost 30% higher than the coin’s current price at the time of writing (08:30 UTC) of USD 19,770. Finder.com’s panel was made up of various crypto industry players, including analysts, founders, CEOs, and academics. “It's reasonable to expect to see more big projects fail in the next couple of months. Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest...

Source: AdobeStock / chonlatit Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Security news Cryptocurrency fraud in the UK increased by 32% to £226 million ($273 million) in one year, according to data from the UK police unit Action Fraud , as reported by the Financial Times. “Whenever times are tough, fraudsters always seek to prey on less experienced investors by promising huge returns," Hinesh Shah, a forensic accountant at Pinsent Masons , was quoted as saying. Exchange news Japanese messaging giant Line will shut down its crypto exchange Bitfront , citing the ongoing bear market and other crypto industry issues, as well as the decision to focus on the Line blockchain ecosystem and Link (LN) token economy. The exchange announced a plan to completely close down by March 2023. Changpeng Zhao, founder and CEO of Binance , claim...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase CEO Brian Armstrong has acknowledged that the user experience (UX) of the crypto firm’s mobile app is ‘broken’ and asked for feedback from users, promising to fix some of the most pressing issues in the next two weeks. For a while now, users of the Coinbase mobile app have expressed their frustration on social media platforms and other app review sites, stating that the app has difficult-to-understand interfaces and an overall clumsy design. In a thread on X, previously known as Twitter, the exchange’s CEO acknowledged that the platform’s ongoing multi-week festival dubbed the “Onchain Summer” had revealed several flaws with the mobile app. One thing #OnchainSummer is exposing is just how broken our UX is in the main Coinbase app for NFTs, Dapps, and L2s today. Sorry to say, but true. If we face truth, we can get motivated to improve it. These need to be f...

Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrencies are currently on the lips of a lot of people as crypto industry players push for the mainstream adoption of digital assets. News about crypto seems to have been amplified over the last few weeks as more prominent people and public figures are engaging in conversations about them. Digital assets seem to have found their way into NFL circles through Russel Okung. The NFL star, through his tweets, said that he is starting conversations about Bitcoin among his teammates during their current training camp. Okung indicated that their first conversation at the camp was about Bitcoin. First @NFL training camp conversation: Bitcoin. — OKUNG ️ (@RussellOkung) July 24, 2019 Many members of the crypto community responded to the tweet with excitement. Some of the responses to the tweet came from prominent members of the crypto community such as Anthony Pompliano, co-founder of Morgan Creek Digit...

Join Our Telegram channel to stay up to date on breaking news coverage Alki David, a Greek billionaire, director, and more, just launched his own crypto currency token, SWX Coin, with his Swiss-based consortium, reports CoinTelegraph. Cannabis Wallets Are Expanding This news comes to us via a press release via the company itself. The associated company is called “The Swissx Bank of Cannabis.” It’s based in Gstaad and will also expand to a Caribbean headquarters somewhat soon. Interestingly, the asset is based on Bitcoin’s blockchain. That, and its value is “pegged directly to the median global price of premium hemp flower.” The goal here is to “provide the entire industry with a secondary market where futures and other trades can be made based on its global market analytics.” At the start, the Swissx Bank will handle any and all transactions made on its platform within the European, Caribbean, and United States industries. That...

As a part of BUILD, K-3 Kingdoms aim to accelerate ecosystem growth and the long-term adoption of Web3 gaming by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers. K-3 Kingdoms participation in BUILD furthers its integration with Chainlink, with added benefits of priority support from the Chainlink ecosystem, increased access to dApps aiming to capture a larger share of Web3 gaming users, and stronger incentive alignment between the Chainlink and K-3 Kingdoms communities. K-3 Kingdoms joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, K-3 Kingdoms will receive key benefits, including access to and integration of verifiable randomness within published games and acce...

Bounce Finance now supports Cronos to transform on-chain Auctions with enhanced benefits. Cronos is the first blockchain that interoperates with both Ethereum and Cosmos ecosystems. Users can now create and participate in decentralized auctions on Cronos through the Bounce app. The collaboration between Bounce Finance and Cronos is set to propel the DeFi ecosystem forward, offering users a more inclusive, scalable, and cost-effective experience. By harnessing the strengths of both platforms, participants can anticipate enhanced auction functionalities, faster transaction speeds, and increased opportunities for engagement. The collaboration between Bounce Finance and Cronos presents a host of advantages for the DeFi community: Enhanced Scalability and Performance Cronos’ architecture delivers exceptional scalability, enabling faster transaction processing and reducing network congestion. By integrating with Cronos, Bounce Finance ensures that users can participate in auctions with impr...

Join Our Telegram channel to stay up to date on breaking news coverage FTX, the once-prominent cryptocurrency exchange that filed for bankruptcy in November 2022, has paid a hefty sum to legal and consulting firms assisting it through the process. Documents released by FTX consultants on June 15 show fees and expenses from February 1 to April 30 were $121.8 million, according to data collated by The Block Research. FTX Legals Costs Skyrocketing Sullivan and Cromwell‘s FTX lawyers billed the bankrupt exchange for $37.6 million over the period, representing 30.9% of all fees and expenses. Investment banking firm Jefferies charged the lowest amount, accounting for 0.6% of the total. Restructuring consultants at Alvarez and Marsel set the bankrupt exchange back $37 million with over $1.1 million in expenses that included $51,225 in meals, $149,155 in lodging, and other miscellaneous items amounting to $1,995. “As restructuring advisors, their claims and compensa...

Join Our Telegram channel to stay up to date on breaking news coverage Wall Street Memes is a phenomenon that is sweeping the investment industry, attracting many who may have missed out on earlier memecoin opportunities. This memecoin has emerged as an interesting offer, with its current presale busting records and skyrocketing to more than $7 million in less than three weeks. Wall Street Memes ($WSM): The crypto market’s top memecoin today Wall Street Memes ($WSM) is a recently launched memecoin that is gaining popularity among investors for a good cause. This memecoin has emerged as an appealing opportunity, with its current presale breaking records and already raising $7.8 million with its current selling price of $0.0292 at the time of writing. However, contrary to common thought, the Wall Street Memes Token is not a newcomer to the crypto market. It evolved from the highly sought-after Wall Street Bulls NFT collection, which sold out within half an hour of its rel...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin showed remarkable resilience during the recent crypto market downturn, staying relatively stable while many other cryptocurrencies experienced significant declines.  Despite prolonged corrections in most altcoins, Bitcoin maintained its position without major price movements, effectively holding crucial support levels.  Regulatory Clarity to Propel Bitcoin Adoption and Drive Mainstream Growth in the Crypto Industry While regulatory clarity has always been a challenge for the cryptocurrency industry, the recent push for it has had a notable impact cryptocurrencies, causing most altcoins to dip in price in the past few weeks. However, Bitcoin’s experience has shown some bullish divergence. According to Santiment, despite a 10% price correction, Bitcoin whales have managed to accumulate approximately 60,000 BTC in the past few weeks. This suggests that regulatory clarity may actually b...