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BlackRock's BTC Wallet Sparks Concerns: A Closer Look at Their Intentions
24.8.2023
The cryptocurrency community remains undecided over the ownership of the third largest Bitcoin wallet. Many believe it belongs to BlackRock ahead of its Bitcoin ETF application that remains in limbo.
While many are cheering the news as one that represents a bullish narrative for the digital...
Mastercard and Binance End Partnership: Did Binance's Regulatory Issues Raise Concerns With Partners?
24.8.2023
Source: Binance
Global credit card behemoth Mastercard and leading cryptocurrency broker Binance have decided to part ways, according to a Reuters report. The partnership consisted of Binance offering a Mastercard-branded card to its users Argentina, Brazil, Bahrain, and Colombia.
Many in...
FTX Bankruptcy: Daily Legal Costs Mount to $1.5 Million, Raising Concerns Among Creditors
24.8.2023
The FTX bankruptcy saga has taken an alarming turn as daily legal expenses surge to a staggering $1.5 million, with creditors now sounding the alarm.
Lawyers and other bankruptcy professionals are racking up these costs while dissecting the remains of the major crypto exchange, CoinDesk reported...
Questions raised over SEC’s ETH perspective; LTC & TOADS seen as 2023’s big winners
23.8.2023
Winners and losers. Investors must select the former and avoid the latter. This was significantly more difficult in 2017. But at the current stage of development and all the research tools available to investors, this job has become far more straightforward. A classic strategy is the purchase...
BTC’s liquidity concerns spur shift to Polygon, DigiToads, & Litecoin
22.8.2023
The recent news of Elon Musk’s aerospace company, SpaceX, liquidating its entire Bitcoin (BTC) holdings, valued at around $373 million, has sent speculation through the cryptocurrency market. This unexpected move comes amid concerns about the market’s stability, spurring a shift...
Bitcoin Price Prediction: Dollar Instability, De-Dollarization Effects, China's Concerns
21.8.2023
The BTC/USD is currently experiencing a decline of 0.25%, with its trading price at $26,025. Amidst the backdrop of dollar instability, there arise significant challenges to the ongoing efforts of de-dollarization, ultimately posing potential ramifications for Bitcoin's prices.
Furthermore...
Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns
21.8.2023
Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions
Philippine National Police Warns Citizens On Axie Infinity’s Play-to-Earn Model, Cites Security Concerns
17.8.2023
The Philippine police has raised alarms on blockchain gaming saying it may be riskier than investing in cryptocurrencies if capitalized by bad actors.
In a new statement, the Philippine National Police Anti-Cybercrime Group (PNP ACG) says citizens should be wary of the risk of being extorted...
Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
17.8.2023
Open-source crowdfunding platform Gitcoin has announced a green-focused partnership with oil and gas giant Shell – and crypto pundits are no fans of the move....
Read More: Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum
17.8.2023
U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...
Crypto Billionaire Justin Sun's Huobi-Linked Exchange WhiteBIT Raises Concerns Over Its Lending Platform
16.8.2023
An obscure exchange with connections to Justin Sun, WhiteBIT, has sparked concerns after advertising a staggering Annual Percentage Yield (APY) of 24.8% to users depositing Tether (USDT) for a year on its lending platform, Protos reported.
This rate is five times higher than the average USD money...
Understanding Blockchain's Eco-Friendly Shift: Five Steps to Clarify Energy Concerns
15.8.2023
Binance published a blog post on Monday teaching readers how to dispel commonly cited blockchain FUD related to the industry’s energy footprint and supposed environmental harm.
As the company points out, most of the industry’s energy footprint is related to mining on the Bitcoin network, which...
Coinbase CEO Acknowledges User Concerns and Vows to Enhance App Experience Amidst On-Chain Activity Surge
14.8.2023
Coinbase CEO Brian Armstrong acknowledges that the surge in on-chain activities on the new layer-2 network Base has revealed significant flaws in the user experience of the Coinbase app and is committed to enhancing it.
In an August 13 Twitter post, Armstrong pointed out various issues that have...
Bitcoin Price Prediction: Former SEC Insider Voices Concerns on BTC ETF Amidst Regulatory Gridlock
14.8.2023
As the world of cryptocurrency continues its volatile dance, the BTC/USD pair is currently witnessing a marginal increase, showing gains of nearly 0.10% and trading at a noteworthy $29,442 as of Monday.
Amid this backdrop, recent revelations have stirred the crypto community. A former...
UK Crypto Lobby Group Voices Concerns About FCA's Incentives Ban Impact – What's Going On?
11.8.2023
A UK crypto industry group has raised concerns about the potential negative consequences of a proposed ban on incentives by the Financial Conduct Authority (FCA).
Crypto lobby group CryptoUK has submitted a response to the FCA's recent regulatory regime for crypto advertisements and promotions...
US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
10.8.2023
The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This...
Bitstamp Exchange to Suspend Trading of Several Popular Altcoins Due to US Regulatory Concerns – What Coins are Included?
9.8.2023
In a blog post released on August 8, Bitstamp, the oldest cryptocurrency exchange, declared its intention to "permanently" halt trading of certain altcoins for its users based in the United States, starting August 29, 2023.
The suspended assets include Axie Infinity (AXS), Chiliz (CHZ)...
Binance Sale of USDC for BTC and ETH Raises Fresh Concerns In Latest Proof-of-Reserves Report
8.8.2023
Binance's latest proof-of-reserves (PoR) report has come under scrutiny following its depleting USDC reserves after the collapse of Silvergate Bank.
The report released on Aug 1 to show transparency in the exchange’s dealings with user assets has sparked arguments across social media spaces...
Senator Calls for Audit on Palau’s Ripple-Backed Stablecoin Pilot Program
8.8.2023
Palauan senator Mark Rudimch has called for an audit of Palau’s stablecoin pilot program, launched by the country’s ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid, Rudimch reported the Palauan senate had concerns regarding...
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
7.8.2023
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...