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Binance drops majority of USD Coin reserves — Latest USDC news
9.8.2023
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with
Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited
9.8.2023
A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s privately owned aircraft may be surrendered as part...
Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High
9.8.2023
Shiba inu rose by as much as 10% during today’s session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday....
Jordan Belfort, the real wolf of wall street rumored to hold LINK, BTCS, and ETH on his ledger
9.8.2023
Investing in stocks and cryptocurrency requires much knowledge before joining the bandwagon. It is evident in Jordan Belfort, who is dubbed the real Wolf of wall street. Jordan took control of a marketing penny project, dumping after a surge earning him millions. Bitcoin and Ethereum are currently...
Bitstamp Delists AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for US Customers
9.8.2023
Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets....
Stellar & Compound in the shadows as VC Spectra gains momentum
9.8.2023
While Stellar (XLM) and Compound (COMP) are less popular altcoins, they dominate their respective fields. Still, either project is falling out of favor as VC Spectra (SPCT) shows no let-up in gaining momentum. After raising $2.4 million in a fortnight of its seed sale, more has been injected after...
How BYDFi enhance the user experience from its regular innovations?
9.8.2023
BYDFi is a dynamic cryptocurrency exchange with advanced trading tools and features in the ever-evolving crypto landscape. BYDFi caters to many traders, media, project teams, copiers, and other communities. It has created an ideal crypto trading environment for both beginners and experienced...
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000, as Moody’s Downgrades 10 US Banks
9.8.2023
Bitcoin moved above $30,000 late on Tuesday, as markets reacted to the news that rating agency Moody’s had downgraded several U.S. banks. The list includes State Street, Northern Trust, and Bank of New York Mellon. Ethereum was marginally higher. Bitcoin Bitcoin (BTC) briefly rose back above...
Why are XDC Network, Optimism, and Pomerdoge pumping after the market dip?
9.8.2023
Despite the recent market dip, XDC Network (XDC), Optimism (OP), and Pomerdoge (POMD) have sparked a price rally. Their values have surged in the past week, raising questions about the factors driving their positive momentum. Let us look at some possible reasons behind their bullish price movement....
Stacks & Tezos on downfall while Tradecurve bullish momentum builds up
9.8.2023
The recent decrease in the value of both Stacks (STX) and Tezos (XTZ) has resulted in a lot of traders looking for alternative DeFi tokens. The smart ones have already begun to diversify with promising upcoming projects. One of the latest projects that can dominate the space is Tradecurve (TCRV),...
Binance faces calls for ban by Nigerian Bureau De Change association
9.8.2023
Gwadebe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market
House Financial Services Committee Advances Clarity for Payment Stablecoins Act
9.8.2023
On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would...
The FRB divulges further information on its program
9.8.2023
The Federal Reserve Board divulged further information with regard to its program of looking into the goings-on in banks that are under its control. The matters are related to complicated technology-oriented associations with non-banks for rendering banking-based services to customers. Along with...
Wanchain adds Cardano to its cross-chain framework
9.8.2023
Wanchain, which provides decentralized blockchain interoperability solutions, has added Cardano to its cross-chain framework. Wanchain is also responsible for creating the first public decentralized cross-chain bridge. The Cardano bridges of Wanchain help in linking the Cardano mainnet to entities...
Binance receives two licenses in El Salvador
9.8.2023
Binance has received two licenses from relevant authorities, becoming the first fully-licensed crypto exchange in El Salvador. Licenses received by the venture pertain to Bitcoin Services Provider and non-provisional Digital Assets Services Provider. Both licenses will enable Binance to offer...
19% of New Yorkers own cryptocurrency: Coinbase report
9.8.2023
Coinbase highlighted that there are 692 blockchain organizations and more than 800 founders in the state of New York
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
9.8.2023
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain
Canadian Police Unit Utilizes Chainalysis Blockchain Forensics for Cryptocurrency Investigations
9.8.2023
Officials in law enforcement from Lethbridge, situated in the province of Alberta, Canada, have unveiled that the Lethbridge Police Service (LPS) is now utilizing Chainalysis blockchain forensics software. According to local reports, LPS has acquired the capacity to trace cryptocurrency...
Analyzing Bitcoin’s price volatility impact on the crypto industry
9.8.2023
Price volatility continues to be a part of the crypto-economy, with no specific prediction about its conclusion. As for BTC, volatility is evident from the most recent numbers, wherein the token has slipped way below the expected mark of $30k. BTC was dancing around $65,000 in 2021, which is nearly...
Is Tron a good investment in 2023?
9.8.2023
Tron is a blockchain-based, decentralized platform designed to build and deploy dApps. It was created by Justin Sun in 2017 with the mission of allowing content creators and consumers to share data without being hindered by third parties or other restrictions. Since its inception, Tron has been...