Binance Halts Trading to Resolve Technical Problem

Major cryptocurrency exchange Binance halted trading on its platform to resolve an unexpected technical issue with its infrastructure. An announcement published by Binance on Feb. 19 notes that, due to unscheduled system maintenance, the exchange suspended most of its activities. More precisely, as of press time, it is not possible to perform “deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts, and fiat wallets” on the platform. In a statement shared with Cointelegraph, Binance reassured its users that…

Blockstation Builds Disclosure Tool for Security Token Issuers on Jamaica Stock Exchange

Blockstation, a Canadian digital asset trading systems firm, has built a fast-track disclosure filing process for companies hoping to list security tokens on the Jamaican Stock Exchange (JSE). Announced Tuesday alongside JSE’s launch of a tokenized Initial Public Offering (IPO) platform, Blockstation’s new tool, called the Smart Listing Accelerator Process (SLAP), is designed to streamline the filing of required regulatory disclosures and prospectuses, said CTO and co-founder Jai Waterman Waterman said SLAP “lowers the barrier to entry” for companies that want security token offerings (STOs) but do not know how to…

Bitcoin Tempts Shattering All-Time High After Historic Golden Cross

Bitcoin’s golden cross is a sign that a strong bull market is likely on the horizon. Statistics reveal that bitcoin may post a new all-time high in six months. Analysts believe that a new all-time high this year is definitely possible. Bitcoin is in the midst of a disbelief rally. The largest cryptocurrency has breached psychological resistance at $10,000 and is up over 41% year-to-date. Above $10,000, there’s very little stopping BTC from printing new all-time highs. Bitcoin has two major resistances to break before hitting all-time high. | Source:…

Crypto Exchange Binance Suspends Trading Over ‘Systems Messaging Error’

Binance, the world’s largest cryptocurrency exchange by trading volume, suspended trading on Wednesday, alerting users that the outage is due to “temporary system maintenance.”  The exchange has suspended deposits, withdrawals, spot trading, margin trading, person-to-person trading, lending, redemption and asset transfers from sub-accounts, margin accounts, futures accounts and wallets that hold government-issued or “fiat” currencies, according to a notice posted on the company’s website.  Futures trading is unaffected, the exchange said.  Josh Goodbody, Binance’s London-based director for growth and international business, told CoinDesk in a series of WhatsApp messages that…

Bloomberg L.P. Has the Perfect Buyer in Monopoly-Loving Warren Buffett

If elected president in 2020, Michael Bloomberg will sell his 88% stake in Bloomberg L.P. Worth upwards of $60 billion, there are few investors with the capital to make such an “elephant sized acquisition.” Warren Buffet’s Berkshire Hathaway has a $128 billion cash pile and loves a monopoly, making it the perfect potential buyer. Mike Bloomberg has announced that he will eventually sell his multi-billion dollar financial data and media company, Bloomberg L.P., if elected president in 2020. Should this happen, there is already a perfect buyer with plenty of…

Boeing’s Culture Puts You In Danger

Boeing has found foreign object debris in several of its grounded 737 MAX planes. The company has a long history of delivering dangerous, debris-filled planes to consumers. Boeing needs to dramatically overhaul its quality control system and inspect every 737 MAX it has ever produced before the plane is ungrounded. How would you feel if you discovered that you were flying on a plane with rags, tools, and other debris in its fuel tank? It sounds like a ridiculous scenario, but if you’ve flown in a Boeing 737 MAX before,…

Ethereum Price Recovers but A Strong Bearish Indicator Could Play Spoiler

Ethereum was trading in a positive area this Wednesday after rising about 5 percent on a 24-hour adjusted timeframe. The second-largest cryptocurrency settled a new intraday high at circa $286, becoming one of the top-performing assets in the wake of a market-wide upside recovery. At its lowest, Ethereum was trading at $256 earlier this week, according to data fetched from US crypto exchange Coinbase. Ethereum rebounds impressively across the leading retail exchanges | Source: TradingView.com The asset’s move uphill prompted traders to expect an extended bullish momentum. Prominent analyst Nico…

Italian Soccer Giant Juventus Inks Deal for Ethereum-Based Player Collectibles

Top Italian soccer team Juventus is launching digital collectibles of its star players on blockchain-enabled fantasy football platform Sorare. The freshly inked licensing deal, announced on Wednesday, will see Juventus offer digitally rare collectible “cards” of world-famous players such as Cristiano Ronaldo on Sorare. Sorare, which is based in Paris, France, provides a soccer team management game with digital cards – created with ethereum tech – representing players that fans can collect and trade. The firm told CoinDesk the cards represent non-fungible tokens (NFTs) based on ethereum’s ERC-721 standard. “We…

Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds

Cryptocurrency exchange Poloniex remains confident that it has identified and fixed an error that caused a number of erroneous trades on the platform earlier this week. On Feb. 12, Poloniex made a decision to reverse all trades that took place during an 11-minute period due to a software error. The bug caused trades to be executed and accounted for inaccurately. The platform’s automated audit system picked up the affected trades and halted all withdrawals. Following that, the Poloniex team effectively reversed every trade that had been executed as a result…

Korean ICO Project Shuts Down, Says ‘Negative Perceptions’ of Crypto Made Business Impossible

An $8 million ICO project is shutting down, citing regulatory uncertainty and difficulties in onboarding new users. Content-sharing platform Contents Protocol announced Wednesday that following numerous attempts to turn its business into a success, the firm is closing down and refunding investors as much as $7.5 million-worth of the ether (ETH) raised in its initial coin offering (ICO). “We inform you that due to continued regulatory uncertainties in cryptocurrency and lack of business prospect, we have decided to end our project,” reads an announcement that has now wholly replaced Contents…