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Has Coinbase Been Trading Against its Own Customers After Promising it Doesn’t do that?
23.9.2022
Coinbase has debunked claims made by news outlet the Wall Street Journal (WSJ), which reported that despite claiming not to do so, Coinbase engaged in proprietary trading that could potentially conflict with the interest of its customers. ...
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Is US Bitcoin ATM Operator Going Public With $1 Billion Valuation a Loser?
22.9.2022
Bitcoin Depot is confident that its plan to go public at a $1 billion valuation through a special purpose acquisition company (SPAC) merger deal will be successful.
In an interview with Fortune, Brandon Mintz, CEO of the company that is currently the biggest operator of crypto ATMs globally, said...
Crypto-Fuelled Gambling Sites Streaming Just Got Banned on Twitch
22.9.2022
Twitch, an interactive live streaming platform popular with gamers, has announced a ban on the sharing referral and promo codes of gambling sites that support placing bets in cryptocurrency.
In a statement shared on Twitter, the U.S.-based company said that the ban which will take effect...
Use of Blockchain Estimated to Rise as Per Nirmala Sitharaman
22.9.2022
Nirmala Sitharam recently appeared in the third edition of FICCI Leads, where she stated that the use of blockchain is estimated to increase by 46% in the years to come. The future of finance remained the central theme of the event, with several speakers sharing their thoughts. The event started...
Why MicroStrategy Has Got Its Bitcoin Accumulation All Wrong as it Lowers Buy Amounts
22.9.2022
MicroStrategy has recently made its smallest Bitcoin purchase since it began accumulating Bitcoin on its balance sheet, a move that could signal financial trouble for the enterprise software company.
The company founded by Bitcoin evangelist Michael Saylor revealed in a September 19 SEC...
Jamie Dimon Attacks Crypto Tokens as ‘Decentralized Ponzi Scheme’ But He’s Happy With Regulated Stablecoins
22.9.2022
Jamie Dimon, the chairman and CEO of Wall Street investment bank JPMorgan, has taken another swing at cryptocurrencies, with a particular focus on bitcoin (BTC), telling the U.S. Congress that cryptos were “decentralized Ponzi schemes”. At the same time, Dimon said he accepts the added value...
US Judge Demands Tether Comes Up with Records to Show it Has Claimed Cash Reserves
22.9.2022
As part of the legal proceedings related to a market manipulation case that dates back to 2019, Katherine Polk Failla, a judge for the U.S. District Court for the Southern District of New York, has ordered Tether’s parent company to provide financial records for its USDT stablecoin....
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CoinShares' HAL Automated Trading Could Revolutionize Retail Crypto Investing
21.9.2022
London-based digital asset manager CoinShares has introduced an algorithmic trading platform called HAL that could revolutionize retail crypto investing.
In a press release, CoinShares revealed that HAL is the only product of its kind that allows retail crypto traders "easy access" to strategies...
Why Nasdaq’s Crypto Move Lays the Ground for a Ballistic Recovery in Digital Asset Prices
21.9.2022
Nasdaq has launched a new dedicated digital assets unit to cater to institutional investors. The move by the second-largest stock exchange by market capitalization globally could mark a ballistic price recovery point for the struggling cryptocurrency market.
In a statement to Bloomberg, Nasdaq...
Could Hong Kong Monetary Authority Launching CBDC Help Digital Yuan Go Global?
21.9.2022
The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, is aiming to launch trials of the e-HKD, its central bank digital currency (CBDC), in the fourth quarter of this year. If successful, the initiative could facilitate the global rollout of the digital yuan, China’s CBDC...
Wintermute Loses $160 Million in Latest Hacking Blow to DeFi Sector
21.9.2022
A hacking attack targeting crypto market maker Wintermute has resulted in the decentralized finance (DeFi) industry player losing some $160m to the attackers.
"We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected,” Evgeny Gaevoy, the company’s...
Exploring the Most Talked about Crypto Presales in 2022: BudBlockz, Tamadoge & Big Eyes
20.9.2022
Since the crypto space is swept with the emergence of thousands of presale events, when some of them steal the spotlight, this might be indicative of their true potential to grow into viable and robust projects. Among these, three promising blockchain initiatives emerge: BudBlockz, Tamadoge,...
FTX Builds $1 billion War Chest to Buy up Distressed Crypto and other Assets
20.9.2022
CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried (SBF) has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. ...
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Collaboration Between Social3 and Shardeum
20.9.2022
The collaboration with Shardeum was revealed, and on their website, they have posted their present job positions. The very first EVM-based L1 in the globe, Shardeum utilizes sharding to enhance TPS with each new node added. They’re hiring right now: Engineer for DevOps and DevRel. With...
Coinbase Tweaks Fees to ‘Account for Changes in Global Trading Volumes‘
20.9.2022
U.S. crypto exchange Coinbase is updating its fee structure to adapt to what the company describes as “changes in global crypto trading volumes and asset prices”. The platform is lowering the monthly trading volume prerequisite to qualify for the mid and upper ties of its fee schedule, increasing...
16% of Americans have Invested, Traded or Used Cryptocurrency
20.9.2022
A study conducted by Pew Research Center, a Washington DC-based non-partisan think tank, has found that approximately 16% of American adults have invested in, traded, or used cryptocurrency.
In its report, Pew Research highlighted that the crypto market turmoil has taken its toll on this...
Ripple Says XRP Owners Have no Rights or Contract So Token is Not A Security
20.9.2022
Source: AdobeStock / MigrenArt
As US blockchain company Ripple continues its legal battle against the US Securities and Exchange Commission (SEC), the fintech intends to build its legal strategy on a claim that its token, Ripple (XRP), cannot...
One of S Korea’s Biggest Card Issuers Launches Blockchain-powered platform to Help Customers Spot Fake Goods
19.9.2022
Shinhan Card, South Korea's biggest credit card company and a global top-five credit card issuer, has launched a blockchain-powered digital warranty service used to certify the authenticity of products.
South Korean news outlet Money Today has reported that the warranty service is first coming...
What Went Wrong That Led to the Binance Helium $22 Million Accounting Mishap
19.9.2022
Four Binance.us customers have unexpectedly received a total of almost $22 million in cryptocurrency, after the crypto-exchange erroneously credited holders of Helium's new MOBILE token with the more valuable helium (HNT) token instead. It appears that most of the mistakenly credited HNT has been...
Crypto Prices Are Crashing Because of What’s Coming on Wednesday
19.9.2022
The week is off with bulk of the cryptocurrency market trading in the red, which is largely attributed to the upcoming rate hike announcement from the U.S. Federal Reserve Bank.
According to a report by Yahoo Finance, Fed officials are expected to deliver a third-straight 75-basis-point increase...