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OKX Overcomes FTX-Related Concerns Around Crypto Industry to Expand Sponsorship With Man City
30.6.2023
Manchester City and OKX's other partners have been auditing the exchange's proof of reserves to ease concerns that it won't go the same way as FTX
Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns
28.6.2023
In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention to take decisive action against the crypto custodian Prime Trust. The regulatory body seeks to not only shut down Prime Trust but also swiftly seize...
Unity Announces Big 'AI' Plans, Developers Have Concerns
28.6.2023
Video games engine provider Unity announced earlier today the introduction of two new machine-learning platforms, one of which in particular has developers and artists asking questions of the company that, at time of publishing, have yet to be answered.Read more
Bitcoin Price Prediction: BTC Holds Steady Below $31,000 Amidst Binance.US Trading Discount and USD Withdrawal Concerns
27.6.2023
Bitcoin, the leading cryptocurrency, is currently experiencing a trading discount of approximately $1,000 on the Binance.US exchange, as reported by research firm Kaiko.
This price discrepancy has persisted since June 22, as evidenced by a chart shared by Kaiko.
Interestingly, this discount...
Record High Credit Card Debt: 55% of Americans Concerned About Repayment as Inflation Pushes Consumers to Credit Reliance
24.6.2023
According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began...
Economist Peter Schiff Slams Fed Chair Over Economic Concerns — Claims Powell Overlooks ‘Far More Relevant’ Factors
24.6.2023
Economist Peter Schiff has slammed Federal Reserve Chairman Jerome Powell over several key issues concerning the U.S. economy, the banking system, and the U.S. dollar. “Powell is a coward. He is not doing his job,” Schiff claimed, highlighting multiple factors affecting the economy that the...
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
23.6.2023
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to “temporarily pause” certain services and operations....
Ethereum Core Devs Weigh Pros and Cons of Raising Validator Threshold From 32 ETH to 2,048 ETH
19.6.2023
Ethereum’s core developers are engaged in discussions about raising the validator threshold from 32 ETH to 2,048 ETH. This proposal, put forward by Michael Neuder, a researcher from the Ethereum Foundation, aims to address concerns related to decentralization, inflation, and the size of...
Crypto.com Internal Trading Teams Prompt Concerns Over Conflicts of Interest
19.6.2023
Major cryptocurrency exchange Crypto.com has come under scrutiny for deploying internal teams to trade tokens for profit.
The Singapore-based group reportedly operates proprietary trading and market making teams, which has raised concerns about potential conflicts of interest, the Financial Times...
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
16.6.2023
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
15.6.2023
The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool
Bitcoin Price Prediction: Significant Drop of Over 5% Raises Concerns - Can BTC Find Support Above $24,000?
15.6.2023
The recent significant drop of over 5% in Bitcoin's price has raised concerns among investors and traders.
As the world's leading cryptocurrency, Bitcoin's price movements often significantly impact the broader market.
The question now is whether Bitcoin can find enough support to prevent...
US Treasury Secretary Yellen: Decoupling From China Would Be ‘a Big Mistake’
15.6.2023
U.S. Treasury Secretary Janet Yellen has warned that despite some human rights concerns that need to be addressed, ceasing trade with China would be a “big mistake” for the U.S. “De-risk? Yes. Decouple? Absolutely not,” she stressed, adding that the outcome of decoupling...
Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts
13.6.2023
One community member described the salaries as "insanely out of touch," while another Twitter user accused those who established the rates of being "disconnected from reality."
UN report highlights ‘serious and urgent’ concerns about AI deepfakes
13.6.2023
The UN wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology
Potential Venus Protocol Liquidation Raises Concerns in BNB Community
12.6.2023
Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips...
Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns
10.6.2023
In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, expressing concern for their potential vulnerability...
IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead
9.6.2023
On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for...
NFT Lending Is Trending, Raising Concerns of ‘Predatory’ Platform Behavior
7.6.2023
Amid an extended crypto winter that has cooled NFT trading, platforms like Blur, Binance and Astaria have introduced new lending options to boost liquidity. While some traders support NFTfi, others say the trend is risky
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
7.6.2023
Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files...