‘Extreme Selling’ Caused Kraken Ethereum Flash Crash - CEO


Jesse Powell, CEO of Kraken. Source: a screenshot, Instagram/krakenfx “Extreme” ethereum (ETH) selling caused yesterday’s flash crash to USD 700 on Kraken, according to Jesse Powell, CEO and Co-founder of the crypto exchange giant. The CEO was speaking to Bloomberg TV, and claimed that his firm...

Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurrency


Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the U.S. Securities and Exchange Commission (SEC). Last year, the company earned $50.2 million from Ripple for using the platform. Moneygram Stops Using...

Flow NFTs Are Coming to OpenSea


PRESS RELEASE. February 23, 2021 – OpenSea, the largest marketplace for blockchain-enabled non-fungible tokens (NFTs), is in the process of building support for Flow, a blockchain built for mainstream consumer scale originally created by Dapper Labs, the company behind CryptoKitties and...

Ripple’s Future Depends on Ripple vs. SEC


In an important argument, the Ripple CEO’s lawyer claimed that Security and Exchange Commission (SEC) failed to warn any of the market stakeholders, including cryptocurrency exchanges, about the security status of XRP in several discussions held in and before 2019. This is an important revelation...

Tether And Bitfinex Settle With the New York Attorney General's Office


Source: iStock/standret, Cryptonews.com Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office. "After 2.5 years and 2.5m pages of info shared,...

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