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Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit
15.6.2022
Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized...
BNB Retests $200 Level Again Within a Month!
15.6.2022
Binance Coin turned BNB token; an ERC 20-based utility token, has made huge fame in the last two years. However, its real-life utility and applications have made it among the top-performing cryptocurrencies since its inception. Bitcoin tumbling to $20,000, ETH falling to $1050; how long could...
Gorilix (SILVA) Up 15% as Binance Coin (BNB) & Ripple (XRP) Suffer Losses
15.6.2022
The extensive price drops of major cryptocurrencies such as Binance Coin (BNB) and Ripple (XRP) are ongoing. The markets have tended to favor stable coins and some smaller altcoins, which generally do not follow the same fluctuations as some of the more popular tokens, making them highly sought...
Coinbase Reduces the Size of the Firm’s Workforce by 18%
14.6.2022
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew...
Price analysis 6/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX
13.6.2022
Bitcoin and altcoins are seeing heavy selling as today’s massive unwinding could be the final capitulation-level event before the market finally hits a bottom
Is Parody Coin Capable of Becoming the Next Prominent Crypto Player Like Filecoin (FIL) and Maker (MKR)?
13.6.2022
Over the years, there has been a steep rise in the invention of cryptocurrencies. If you’re going to invest your money, there are thousands of options, but only some protocols help you make it worthwhile. Otherwise, it plunges to an all-time low. Cryptocurrency’s volatility can’t...
Coin Center Attempting to Sue US Treasury, IRS Over ‘Unconstitutional’ Infrastructure Act
13.6.2022
The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs...
Meme Token King Dogecoin Lost 91% in Value Since Last Year’s High, DOGE Mining Revenue Plummets
12.6.2022
After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest...
Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin
12.6.2022
Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use the Korean won to trade the crypto asset, which...
Coin Center takes US Treasury to court over alleged financial spying
11.6.2022
Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate
Coin Center Sues US Treasury Over 'Unconstitional' Tax Reporting Rule
11.6.2022
Crypto think tank Coin Center filed a suit against the U.S. Treasury Department and Internal Revenue Service on Friday, claiming a crypto tax reporting requirement enshrined in a 2021 infrastructure law is "unconstitutional."
'You Will Be Fired': Coinbase CEO Brian Armstrong Lambastes Anonymous 'Operation Revive COIN' Petitioner
11.6.2022
An online petition claiming to come from a Coinbase employee(s) called for the removal of a number of company executives
Report: Luxury Fashion Retailer Farfetch to Accept Crypto Assets for Payments
10.6.2022
The British-Portuguese luxury fashion retailer Farfetch said it will accept crypto assets soon thanks to a partnership with the German crypto platform Lunu. Farfetch will accept seven different crypto assets including bitcoin, ethereum, and binance coin, and the feature will be rolled out to select...
Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption
10.6.2022
Circle and CYBAVO intend to further promote the adoption of USD Coin and Web3 applications while integrating technology deeply into their core product suite
MoneyGram’s USDC transfer service launches in several countries
10.6.2022
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB
10.6.2022
BTC and altcoins are on the verge of falling below critical support levels, and today’s higher than expected CPI report isn’t helping
Checkout.com Reveals Merchants Can Accept and Make Payments in USDC
8.6.2022
On Tuesday, the financial technology company Checkout.com announced that it will allow merchant settlements using the stablecoin USDC via a partnership with the crypto firm Fireblocks. Checkout.com further detailed that in a beta test with select clients, the company settled $300 million...
Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB
8.6.2022
Bitcoin and altcoins are losing bullish momentum and persistent selling at overhead resistance suggests that the current consolidation is far from over
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
8.6.2022
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology....
Binance US Adds Staking Services for 7 Different Crypto Assets
8.6.2022
Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer...