Hey, Your Crypto Newsletter for June 12, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](   [India investigates Binance unit’s crypto transactions](  India’s financial crime-fighting agency said on Friday that WazirX, one of the country’s largest cryptocurrency exchanges and its directors, were under investigation for suspected violation of foreign exchange regulations. The investigation comes at time when the Indian government is mulling whether to introduce a law that could ban cryptocurrencies. The federal Enforcement Directorate (ED) said that the probe involved transactions worth 27.90 billion rupees ($381.93 million). The investigation into WazirX – owned since 2019 by Binance, the world’s largest digital currency exchange – began when the ED was looking into a money laundering case which involved Chinese owned illegal online betting applications, it said. During the course of the investigation it was found out that the laundered proceeds of crime worth approximately 570 million rupees had been converted into cryptocurrencies using the Binance platform, the ED said. [Read More](  [Blockchain Simplified](  Blockchain is here to stay and is the only ledger that shall bring integrity, alacrity and agility in public governance. Blockchain is here to stay and so are we to bring you many more nodes and notes on this blockchain! Is Twitter a Pied Piper that is busy playing a pipe? As a matter of fact, there are many pied pipers playing many pipes. In the melee, we are losing human bonds to these digital wedges even as each one of these wedges plays no more than the role of a messenger. Our minds are the casualties in the form of slices. This produces a convoluted, asymmetric audience left without and bereft of its own thinking abilities, let aside purpose. If a Pied Piper emerges out of this confusion, aligns his music with the governance’s desires, it is applauded, but if he plays a different tune and the rats start running in the opposite direction, it makes the governor go out looking for such a Piper. In the age of Twitter where the Piper is also only one of the rats, it becomes a task akin to finding a needle in a haystack if not altogether impossible to identify that rat and then run a legal process to book him. Meanwhile it leaves the Governor fuming and consulting his ministers to uproot the bath tub (Read: Twitter) and throw it out with the bathwater. [Read More](   [Why so much volatility? Cryptocurrency’s weird relationship with weekends explained]( Price volatility is one of the major reasons why cryptocurrencies are criticised across the world. Late in May, HSBC, Europe’s biggest investment bank, said it has no plans to offer digital coins as an investment as they are “too volatile”. Nothing unites cryptocurrency opponents like its volatility. But some analysts have observed an unusual trend: Cryptocurrency crashes tend to happen on weekends. It is on Saturdays and Sundays when most of the asset classes are on holiday mode, that crypto volatility spikes. This phenomenon has been observed in the crypto market for several years now, Stephen McKeon, a finance professor and partner at Collab+Currency, a crypto-focused investment fund told CNBC. Liquidity requires a steady supply of both buyers and sellers. If there are fewer buyers than sellers or vice versa, transactions become harder – a situation that results in a spike or crash. “People always tout Bitcoin as 24/7,365 liquidity, but what actually means is you have periods of very thin liquidity,” Nic Carter, partner at crypto venture firm Castle Island Ventures told Bloomberg.  [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe]( Â