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French Crypto Investor Sues Australian Firm After Klaytn Deal Goes South


French businessman Alexandre Raffin, who runs the Paris-based Gains Associates, a company that allows investors to pool their money and buy crypto, has filed a lawsuit in an Australian court against crypto advisory and research company Modern Assets Australia. Raffin accused the Australian firm...

Customers of Small South Korean Crypto Exchanges Fear for their Funds


South Korean crypto exchanges are now among the most tightly policed trading platforms in the world after a new piece of anti-money laundering (AML) legislation promulgated last week, also placing controls on banking operations and much more. But in the ensuing grace period – which runs until late...

Tether's Assets Exceeded Its Liabilities (On February 28) - Auditor


Source: iStock/standret, Cryptonews.com Tether, the issuer of the most popular stablecoin, tether (USDT), published its independent accountant's report that claims that the company's assets exceed its consolidated liabilities "as of 28 February 2021 at 11:59 PM UTC." Cayman-based...

Crypto Community Asks Who's Next As SEC Hits Decentralized LBRY


Crypto users and advocates are rallying somewhat uncertainly around the cause of the decentralized content platform operator LBRY. The operator has been hit with a USD 11m legal challenge from the US Securities and Exchange Commission (SEC) – which, per legal documents filed with the New Hampshire...

Russia Wants to Use the Digital Ruble to Power its USD Purge


The politician charged with putting together Russia’s crypto regulation legislation and forming the nation’s financial policy has spoken about the need to purge the United States dollar from the economic system – and has called the forthcoming digital ruble a “higher form of money.” Speaking in...

Ripple Goes For M&A in Asia Amid Legal Battle In US


Source: iStock/isa_ozdere US-based major blockchain company Ripple that is still fighting a major legal battle with American regulators said it has agreed to acquire 40% in Tranglo, an Asian cross-border payments specialist. The transaction is expected to be closed this year, while TNG Fintech...

Crypto Listing and Delisting Announcements: Week 13


Source: iStock/~UserGI15632523 Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know...

Crypto Market Sentiment Slips; XRP Wins Week


Following two weeks of unchanged market sentiment, there's finally been a move - and for the worse. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins dropped from 5.91 seen a week ago to 5.69 recorded today, according to crypto market sentiment analysis site...

Visa Starts Settling Transactions in USD Coin


Payments giant Visa partnered with major crypto company Crypto.com in order to settle transactions in the second-largest steblecoin USD Coin (USDC) with Visa over Ethereum (ETH). "Working with Anchorage, the first federally chartered digital asset bank and an exclusive Visa digital currency...

Bitcoin, Ethereum and Altcoins Show Positive Signs


Bitcoin price remained stable above USD 52,000 and it climbed above USD 53,000. BTC even spiked above the USD 53,500 and it is currently (13:45 UTC) showing positive signs. If there is a daily close above USD 53,200 and USD 53,500, there are chances of a move towards the USD 55,500...

Central Banks Focus On Financial Inclusion As Cryptos Get Traction


Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs). China "We still have a lot of remote areas, or poor areas, and in those areas people...

Law Firm Slaps BitClout Creator With a Cease and Desist Letter


As a lawyer implied would happen, a prominent law firm sent a cease-and-desist letter to the alleged creator of the new, fast-turned-controversial, blockchain-based social network BitClout. Major US-based law firm Anderson Kill has sent a letter to Nader Al-Naji, who they understand launched...

Bitcoin, Ethereum and Altcoins Consolidate Losses


Bitcoin price settled below the USD 55,500 and USD 55,000 support levels. BTC is consolidating losses and it is currently (12:30 PM UTC) trading above USD 54,000. If there is no upside break above USD 55,000, there is a risk of more losses below USD 53,800. Similarly, most major altcoins...

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