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  • Binance Acknowledges Storing User Funds with Collateral in Error

    From bnnbloomberg.ca

    Binance Holdings Ltd., the world’s largest crypto platform, acknowledged that it mistakenly keeps collateral for some of the tokens it issues in the same wallet as exchange customer funds. Reserves for almost half of the 94 coins that Binance issues, known as Binance-peg tokens or “B-Tokens” are currently stored in a single wallet called “Binance 8” which also holds customer assets, according to listings visible on its website on Monday. That wallet contains significantly more tokens in reserve than would be required for the amount of B-Tokens that Binance has issued. This indicates that collateral is being ... (full story)

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    Binance moved $346 mln for seized crypto exchange Bitzlato, data show

    From reuters.com|Jan 24, 2023

    Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by U.S. authorities last week for allegedly ...

    This $25K BTC price target would spell misery for Bitcoin shorters

    From cointelegraph.com|Jan 24, 2023

    Bitcoin has an important new price target for bulls to meet — and it is closer than it seems. As noted by Philip Swift, co-founder of trading suite Decentrader, $25,000 is now a ...

    Genesis Lawyer Has 'Some Measure of Confidence' in Creditor Resolution This Week

    From decrypt.co|Jan 24, 2023

    Sean O’Neal, a lawyer representing the bankrupt crypto broker Genesis, said there’s "some measure of confidence" the firm would resolve its disputes with creditors this week, per ...

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    EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto

    From coindesk.com|Jan 24, 2023

    The European Parliament's Economic and Monetary Affairs Committee voted to impose strict restrictions on banks seeking to hold crypto. The measures, a leaked version of which was ...

    Bank of Canada likely to raise rates again Wednesday — but should it?

    From cbc.ca|Jan 24, 2023

    The Bank of Canada is widely expected to raise its trend-setting interest rate this week by a quarter of a percentage point, which would bring it to 4.5 per cent. If it happens, ...

    NYSE trading open sees unusual number of halted stocks

    From @DeItaone|Jan 24, 2023

    tweet at 9:37am: NYSE TRADING OPEN SEES UNUSUAL NUMBER OF HALTED STOCKS tweet at 9:37am: Looks like 81 stocks were just halted for LULD despite not hitting the bands/thresholds: https://t.co/seHwXtgEpg tweet at 9:38am: Trades were posted to tape that were incorrect. tweet at 9:40am: BREAKING — several stocks are halted for an unknown reason at the start of trading, and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor “It’s a huge problem,” one long time trader tells me. “I’ve never seen anything like it.” @TheStreet https://t.co/Tg58SqT2NQMarket Goes Haywire With Dozens Of NYSE Trading Halts At The Open After "Technical Glitch" It has been a while since we had a market-wide break. Something snapped at exactly 9:30:00 am ET this morning when stocks opened for trading, only... they didn't, as instead hundreds of NYSE-listed stocks were immediately halted for trading after breaching circuit breaker limits... image ... which among others saw giga-caps such as Exxon, Morgan Stanley, Verizon, AT&T, Nike, McDonald’s and Wells Fargo tumble as much as 8%, or more... While it is unclear what the "technical glitch", as CNBC called it, in question was many stocks had abnormally large moves when stocks opened for trading, which triggered the resulting volatility halts. It took several minutes for the circuit breakers to be lifted and for trading to return to something resembling normalcy although nobody knows if these prices are accurate or still affected by whatever glitch halted trading.

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  • Posted: Jan 24, 2023 7:35am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 0  /  Views: 110
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