This post was originally published here Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer

The former head of institutional products at major U.S. crypto exchange Coinbase Adam White will be joining Intercontinental Exchange’s (ICE) forthcoming platform Bakkt. According to a Medium post published today, October 15, White will be joining as chief operating officer (COO) this November. The news confirms unofficial reports that had already been circulating last week.

This post was originally published here Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four U.S. dollar-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar

Plattsburgh, New York, is considering bringing in stricter requirements on commercial cryptocurrency mining farms operating in the city. Patrick McFarlin, a councilor of Plattsburgh’s Common Council, proposed a new law last week that aims to introduce “zoning regulations” for commercial crypto mining activities. According to an update from the council Friday, a public hearing will now be

The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hike path

The headline story this week has been the downturn in global equity markets. The S&P500 has fallen about 6% this past week, the biggest five-day loss since February. A bond market rout was the cause then, and it was behind the move in recent days too, as equities re-price to reflect the higher yield environment

September Inflation Keeps Fed on TrackSeptember Inflation Keeps Fed on TrackIt was a quiet week in terms of economic data, but we did receive fresh September data for three inflation measures, the producer price index (PPI), the consumer price index (CPI) and the import price index. While most of the data came in more or

Election day on 6 November is approaching. In August and September, the generic ballot polls moved up in favour of the Democrats – from 47.6% at the beginning of August to 49.7% at the time of writing. It remains our base case that the Democrats win the majority in the House and the Republicans retake

Rethinking itRisk sentiment stabilised primarily on the back of reports that the Treasury Department will NOT recommend China be labelled a currency manipulator along with headlines that Trump and Xi will meet on trade seems to be enough reason for the equity sell-off to cool. But indeed never has so much been riding on the

Asia MarketsAsia shares are trading this morning led my losses on the Nikkei which is down 1.4 % ahead of a supplementary budget but the usual themes are weighing on local sentiment. Concerns over China -U.S. trade tensions, a possible slowdown in the Chinese economy and higher U.S. interest rates continue to sour market views