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Binance Wants To Connect Crypto Funds With Institutional Capital
Binance is rolling out a "self-service" platform aimed at connecting institutional capital with crypto funds.To get more news about BINANCE, you can visit wikifx.com official website.
Dubbed Capital Connect, the platform sets disclosure standards for market participants handling size, allowing investors to review detailed fund information before potentially opening lines of communication.
Data on assets under management, performance records and minimum investment amounts are expected to be shared, among other details.
Capital Connect is targeted at asset and fund managers, brokers, hedge funds, family offices and high net-worth individuals, liquidity providers and corporations.
Changing interest rates and macroeconomic conditions have increased institutional inquiries from investors with differing investment theses on digital assets, Catherine Chen, head of Binance VIP and Institutional said in a statement.
"Increased capital flow in crypto asset funds will have positive spillover effects and benefit the entire ecosystem," Chen said.The platform is open to Binance VIP-level users, a status that starts by holding the equivalent of 200,000 BUSD in user accounts. To participate, both investors and investment managers must complete Binance Institutional's know-your-customer verification.
A Binance spokesperson told Blockworks the platform defines "institutional investors" as entities that allocate funds on behalf of others: family offices, pension funds and the like, though specific definitions "vary from region to region."
"Crypto investment funds" are portfolios composed of digital assets maintained by investment managers for their clients, they said.Allocators across the US are set to be left out, however. Binance said Capital Connect will only be available in certain jurisdictions across Latin America and Asia Pacific, as well as Europe, Middle East, and Africa.
Binance declined to provide specific jurisdictions in which Capital Connect would be offered.‘Beware' Of Crypto Investing Or Risk Ending Up In Bankruptcy Court, SEC Chair Warns
Crypto Events Dial Down the Glamour Amidst Bear Market
In the midst of the extended crypto winter, crypto event organizers are reevaluating their strategies, toning down on the extravagant displays and entertainment. The bear market's impact has prompted a shift in focus, as conferences aim to provide attendees with a more substantive experience centered around important industry topics like regulation and taxation.To get more news about crypto events, you can visit wikifx.com official website.
Tiffany Fong, a popular crypto vlogger known for her insightful interviews, recently attended both Bitcoin Miami 2023 and NFT NYC 2023. As a first-time participant in crypto conferences, Fong shared her observations on the changing landscape. While she couldn't compare it to the bull market conferences of the past, she noticed a significant reduction in the emphasis on entertainment and more emphasis on substantive discussions.
The bear market's prolonged downturn has forced event organizers to reevaluate their priorities. Gone are the days of flashy displays and extravagant parties. Attendees are now encouraged to ask "intelligent questions" and engage in meaningful conversations about pressing topics affecting the crypto industry.
One of the key themes emerging from these revamped conferences is the increased focus on regulation and taxation. As the crypto industry faces growing scrutiny from regulatory bodies worldwide, attendees are seeking clarity and guidance. Panels and workshops led by industry experts are aimed at dissecting complex regulatory frameworks and providing insights into tax implications for crypto investors.
This shift in conference dynamics reflects the maturation of the crypto industry. With the hype and frenzy of the bull market subsiding, the emphasis is now on building a more sustainable and regulated ecosystem. Crypto events have become platforms for thought-provoking discussions, where attendees can learn from experts, network with peers, and gain a deeper understanding of the evolving landscape.
These transformed conferences have also provided a unique opportunity for collaboration and partnership within the industry. As attendees engage in discussions, they discover synergies and potential avenues for cooperation. Startups and established companies alike are exploring strategic alliances to tackle challenges collectively and drive innovation forward.
While the bear market has brought its share of challenges, it has also paved the way for a more introspective and substantive crypto event experience. As the industry continues to navigate regulatory hurdles and redefine its path, attendees can expect even more engaging and informative conferences in the future.
In conclusion, the bear market's grip on the crypto industry has forced event organizers to reevaluate their priorities and shift the focus of conferences. Substance now takes precedence over style, as attendees engage in meaningful discussions about regulation, taxation, and other pressing industry topics. This evolution signals the maturation of the crypto industry and paves the way for a more sustainable and regulated ecosystem. As the bear market persists, crypto conferences will continue to adapt and provide valuable insights, collaboration opportunities, and thought-provoking discussions for attendees.
CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity
Poor liquidity, a problem plaguing crypto markets since the collapse of the FTX exchange in November, could worsen, breeding price volatility as regulators go after dominant exchange Binance.To get more news about crypto currency liquidity, you can visit wikifx.com official website.
On Monday, the U.S. Commodity Futures Trading Commission (CFTC) sued Binance for running an alleged "illegal exchange" and a "sham" compliance program. The regulator, which is responsible for oversight of commodities and derivatives markets, including the derivatives tied to bitcoin (BTC), sued Binance CEO Changpeng Zhao and former top compliance executive Samuel Lim, alleging "willful evasion" of the U.S. law.
Binance has long been the leading digital assets exchange and accounted for a much bigger share of the global trading volumes than its former rival FTX. Per Morgan Stanley, the exchange accounted for 81% of the total BTC traded on centralized exchanges in February. According to the case document, a single trader from Chicago is responsible for 12% of the total trading volume on Binance.
Observers, therefore, are worried the lawsuit would bring a deeper decline in the market liquidity - a measure of how difficult or easy it is to trade large quantities at stable prices.
"The main worry is what this will do short-term to market liquidity. If market makers step back from trading on Binance now, and if Binance's U.S.-based trading desks have to stop operations, that will reduce liquidity in an already thin market," Noelle Acheson, the author of the Crypto is Macro Now newsletter, said.That will exacerbate volatility and could keep some large players on the sidelines for a while longer," Acheson added.
Liquidity is widely measured by a metric called the 2% market depth - a collection of the buy and sell orders within 2% of the mid-price or the average of the bid and the ask/offer prices.
The greater the market depth, the less likely that large buy/sell orders will cause significant deviations in the asset's market price. Market makers are entities that provide liquidity to a financial market by creating buy and sell orders that aren't executed immediately.Bitcoin's 2% market depth slipped to a 10-month low last week, extending the deterioration seen since FTX's sister firm Alameda Research, formerly one of the largest market makers, closed shop five months ago.
The situation will persist for a while, according to DRW-subsidiary Cumberland, one of the earliest and longest-standing crypto market makers.This lawsuit will certainly exacerbate tightness in the already-strained digital asset banking system, and as a knock-on effect, it will damage liquidity," Cumberland said in a tweet explaining the impact of the regulatory action on the market.
Pullback likely
Some observers expect bitcoin to revisit the former resistance-turned-support near $25,000 in the wake of the heightened regulatory uncertainty.
"It is clear that the CFTC wants oversight on all crypto exchanges. It's not something new, but the market is reacting prudently and we are still holding our breath for further negative news, which may push BTC down," Laurent Kssis, a crypto trading adviser at CEC Capital, told CoinDesk.
"Long rekts [liquidations], which increased [Monday], will inevitably push prices down, possibly below support near $25,000," Kssis added.
Bitcoin fell by over 3% on Monday, hitting lows near $26,500 in response to the CFTC's action against Binance. The cryptocurrency has since stabilized around $27,000, having put in a nine-month high of $28,889 on March 23, CoinDesk data shows.
Cryptocurrency Scams: How to Spot Them
Cryptocurrency scams can take many forms. Similar to the money in your bank account, scammers want your crypto and will do anything they can to get it. To protect your crypto assets, it helps to know when and how you’re being targeted and what you can do if you suspect that a cryptocurrency and communications related to it are a scam.To get more news about WikiBit App, you can visit wikifx.com official website.
Initiatives aiming to obtain access to a target’s digital wallet or authentication credentials. This means scammers try to get information that gives them access to a digital wallet or other types of private information, such as security codes. In some cases, this even includes access to physical hardware.
Transferring cryptocurrency directly to a scammer due to impersonation, fraudulent investment or business opportunities, or other malicious means.
For social engineering scams, scammers use psychological manipulation and deceit to gain control of vital information relating to user accounts. These scams condition people to think they are dealing with a trusted entity such as a government agency, well-known business, tech support, community member, work colleague, or friend.
Scammers will often work from any angle or take as much time as they need to gain the trust of a potential victim so that they reveal keys or send money to the scammer’s digital wallet. When one of these “trusted” entities demand cryptocurrency for any reason, it is a sign of a scam.
Romance Scams
Scammers often use dating websites to make unsuspecting targets believe they are in a real long-term relationship. When trust has been granted, conversations often turn to lucrative cryptocurrency opportunities and the eventual transfer of either coins or account authentication credentials. The Federal Trade Commission (FTC) found that approximately 20% of the money reported lost in romance scams was in cryptocurrency.
Imposter and Giveaway Scams
Moving down the sphere of influence, scammers also try to pose as celebrities, businesspeople, or cryptocurrency influencers. To capture the attention of potential targets, many scammers promise to match or multiply the cryptocurrency sent to them in what is known as a giveaway scam. Well-crafted messaging from what often looks like an existing social media account can often create a sense of validity and spark a sense of urgency. This mythical “once-in-a-lifetime” opportunity can lead people to transfer funds quickly in hopes of an instant return.
Within the context of the cryptocurrency industry, phishing scams target information pertaining to online wallets. Specifically, scammers are interested in crypto wallet private keys, which are the keys required to access cryptocurrency. Their method is like many standard scams—they send an email with links that lead holders to a specially created website and ask them to enter private keys. When the hackers have this information, they can steal the cryptocurrency.
Blackmail and Extortion Scams
Another popular social engineering method that scammers use is to send blackmail emails. In such emails, scam artists claim to have a record of adult websites or other illicit web pages visited by the user and threaten to expose them unless they share private keys or send cryptocurrency to the scammer. These cases represent a criminal extortion attempt and should be reported to an enforcement agency such as the FBI.
Investment or Business Opportunity Scams
The old adage “if something sounds too good to be true, then it probably is” still rings true, and it is one to keep in mind for anyone venturing into investing in general. It is especially true for cryptocurrencies. Countless profit-seeking speculators turn to misleading websites offering so-called guaranteed returns or other setups for which investors must invest large sums of money for even larger guaranteed returns.
Why Did Binance Delist Autofarm
Getting a token listed on the world's largest Centralized Exchange is a milestone achievement for any crypto project, and typically leads to a major boost in market capitalization. But what Binance gives, it can take away.To get more news about BINANCE, you can visit wikifx.com official website.
The recent announcement from Binance that it was delisting several tokens sparked outcries from the projects and responses from Binance CEO Changpeng Zhao (CZ) himself.The yield aggregator platform was once the largest on BNB Chain and at one point in April 2021 had a peak $2 billion in Total Value Locked, according to DefiLlama. Now its TVL is at $21 million across several chains.
The market cap of $AUTO once reached nearly $200 million in February 2021 but sat below $20 million for most of 2022 and after a sharp decline since the Binance announcement, now is at just above $10 million.
The other tokens losing their Binance listing are $QLC from Kepple (formerly QLC Chain) and $NEBL from Neblio.The Kepple team reacted to the announcement with dismay, saying they had been waiting on Binance's due diligence decision "for weeks" as Kepple is swapping the QLC token for KPL.
Kepple managed to bring its concerns to CZ's attention, exchanging replies on Twitter. CZ said Binance does not pre-notify projects that their tokens are being delisted, but makes the announcement at the same time to all users.CZ continued on to say that, in Kepple's case, he was told the project had stopped actively developing and was " recently "sold" to a different project, which currently do not meet our listing standards."
Binance positions itself as the world's leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
16 Major Crypto Events in April 2023
The first cryptocurrency continues to grow amid alarming news about the possible collapse of the U.S. banking system. How to secure your assets, what to expect from regulators in 2023, and when the crypto winter will end - you can discuss these and other industry-related topics at one of the events devoted to crypto, blockchain, and the Web 3.0 sphere. CoinsPaid Media has prepared a list of April's most interesting, significant, and large-scale cryptocurrency events.To get more news about crypto events, you can visit wikifx.com official website.
CODEstantine is the largest conference for experienced developers, held annually in the south of Serbia. Leading industry experts will share their experience and knowledge and talk about the latest technological trends. In particular, they'll discuss cybersecurity, programming languages, and other issues relevant to the blockchain industry.
This annual event brings the global NFT community together under one roof to exchange ideas and initiatives and discuss blockchain technologies that could change the world soon. Industry leaders, developers, gamers, investors, and collectors will participate in workshops and panel discussions and discover many unique NFT projects.
AIM Summit has been the leading alternative investment management summit since 2015. This AIM Summit features in-depth panel discussions, expert sessions, presentations, and informal chats about the opportunities and developments in the world of alternative investments, including private equity, venture capital, private debt, hedge funds, real estate, digital assets, FinTech, and blockchain.
At Web3 Con Canarias, entrepreneurs, investors, developers, and opinion leaders will discuss trends, technologies, and business models to support the growth of the Web 3.0 ecosystem. The event will include workshops and a pitch competition for Web3 startups and conclude with a large party.
IFGS 2023 will bring the entire FinTech community under one roof for a two-day discussion on the services and solutions that will ensure economic growth and sustainability for the global economy.
Since 2017, Instant Payments Summit has toured all over Europe, and it returns to Frankfurt this spring. More than 25 invited speakers will perform at the conference. They'll talk about the current state of the payments market in the Nordic countries and share news about the European Payments Initiative (EPI) and PAN European Payments.
Financial Wellness Pitch Day is an excellent opportunity for FinTech startups to express themselves, hear valuable advice from an expert jury, and discover new investment opportunities. The winner of the pitch day will receive a cash prize of $10,000 for further development of the projects.
The RSA Conference is a global conference and a provider of unique year-round cybersecurity content. The event will feature over 500 traditional and interactive sessions, practical trainings run by CSA, FAIR Institute, (ISC)2, and InfraGard National Members Alliance, and invited experts to share their expertise in cybersecurity.
The Importance of Liquidity on a Cryptocurrency Exchange Platform
People are genuinely interested digital assets, and how to buy cryptocurrencies, and cryptocurrency exchanges are no longer the showcase product that they once were. The cryptocurrency industry will seem very different tomorrow compared to how it does today. It progresses and improves itself each and every day, which provides Cryptopreneurs with the opportunity to educate themselves and improve their view on more topics, such as Liquidity.To get more news about crypto currency liquidity, you can visit wikifx.com official website.
In this article, Traders Union experts discuss the significance of liquidity in crypto exchanges. We have high hopes that once you have finished reading this post, you will check out the trading facilities and security aspects of cryptocurrency exchanges (recommended in the Traders Union article) in addition to looking into the liquidity of these markets.
Why is Liquidity Important in Cryptocurrency Exchange?
In the world of finance, liquidity is an absolutely necessary component, and there is no question that enough liquidity can naturally foster a sense of trust among market participants.
Stability
The presence of liquidity makes the market more stable and protects traders and cryptocurrency exchanges from the effects of price swings. There is no impact on the asset from the participation of significant market actors. For example, the purchase and sale of Bitcoin in large quantities may have a minimal effect on the price of Bitcoin; however, the purchase and sale of other altcoins in large quantities may have an effect on the price of the altcoin. The additional benefit that Stability offers is prediction. Traders have the ability to predict future prices in the market.
A fair and equitable pricing for all market participants is ensured by sufficient liquidity. A large number of buyers and sellers account for the reasonable pricing that has been established. An asset that has a high volume of trading activity allows sellers to sell it at a competitive price, and buyers tend to stick to it as a result. This results in the establishment of a stable equilibrium, which is an absolutely necessary condition for a successful market. Crypto exchanges, for example KuCoin (learn more in the KuCoin review) are able to offer some unique price points.
Swift Transactions
A high level of liquidity is also an indication that there are a greater number of traders, which means that both the purchase order and the sell order will be filled more quickly than in an environment with low levels of liquidity. The trading pace is definitely increased as a result, which contributes to an improved user experience. For instance, Binance offers great transaction speed to its users.
Accuracy for Technical Analysis
The quality of the data directly correlates to the reliability of the prediction. Therefore, Liquidity provides a substantial amount of data for accurate calculation.
How to Measure Liquidity?
When determining how to measure liquidity, there are a plethora of aspects that must be considered. Suppose you are interested in learning about the liquidity of a particular asset. Examining the 24-hour trading volume on websites like coinmarketcap is the most effective method that can be put into practice.
Finding liquidity in practical ways helps you identify when to trade and what to trade precisely, which in turn contributes to more effective trading. Not all assets have the same trading volume, so finding liquidity can be challenging. You may learn more about the liquidity of cryptocurrency exchanges by using the same 24-hour trading volume.
WikiBit, Website Panduan Lengkap Untuk Investor Kripto dan Bitcoin Bagi Pemula
Kripto kini makin banyak diminati masyarakat di berbagai negara. Meski demikian, hingga kini tidak banyak situs di Internet yang member informasi lengkap tentang proyek kripto hingga data bursa.To get more news about WikiBit App, you can visit wikifx.com official website.
Saat ini, WikiBit jadi website kripto lengkap berskala global. Bahkan, WikiBit juga punya kantor perwakilan di Indonesia. Bagi anda yang ingin mencari informasi bursa kripto dalam dan luar negeri, WikiBit tepat untuk anda.
Di dalam WikiBit, ada informasi tentang Kriptoin dari 'shitpoin' hinggan informasi lengkap terkait regulasi, keamanan dan kredibilitas.
Bagaimana pula proyek blockchain yang tidak memiliki lisensi, ilegal di mata sejumlah negara bahwa sudah berhenti beroperasi? Semua itu bisa Anda temukan di WikiBit.Intinya, ensikolpedia pecinta kripto dan layak dijadikan panduan sebelum mengambil keputusan. Informasi di direktorinya juga terus diperbarui tiap dua pekan.
Wikibit mengklaim tak hanya mengumpulkan data dari beragam sumber secara manual. Wikibit juga memadukan dengan teknologi "sniffing" yang canggih agar data lebih akurat sebelum disajikan.Bermarkas di Hong Kong, Tiongkok, Wikibit juga berkantor cabang di Australia, Indonesia, Vietnam Thailand dan Siprus.
WikiBit mengklaim telah mengumpulkan ribuan data terkait kripto, termasuk 5.837 pengelola bursa kripto, data 8364 kripto (coin dan token) dan berjubel data dari 26 regulator lintas negara. Selain dalam format situs web, WikiBit juga bisa diakses di ponsel Anda.