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Voyager Denies SEC Claims VGX Token Is Security as Binance US Decision Looms
6.3.2023
Advisors for the bankrupt lender expressed surprise at the regulator’s shifting position, but is seeking to compromise given the $10 million monthly price tag of delaying an offer from Binance US
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
6.3.2023
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since...
Bitcoin, Ethereum Technical Analysis: Volatility in BTC, ETH Remains High to Start the Week
6.3.2023
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin...
Australian Crypto Regulations Likely to Be Delayed Until Mid-2024: Report
6.3.2023
Australian laws to regulate the crypto industry and protect retail customers could take more than a year, government documents indicate
First Mover Americas: Bitcoin Flat as Crypto Winter Deepens
6.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Optimism Skyrockets amid Coinbase partnership – Avorak AI best ICO in 2023?
6.3.2023
The crypto space is abuzz with news that Coinbase has partnered with Optimism (OP), using it for its Layer-2. This partnership has pushed the blockchain Optimism crypto upwards by more than 15%. On the other hand, Avorak AI recently launched its ICO and is seeing more investors flocking in. Is this...
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
6.3.2023
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.”...
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
6.3.2023
Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year
Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort
6.3.2023
PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million...
BIS Says 'Hub and Spoke' Cross-Border Transfers Offer Benefits for Retail CBDC
6.3.2023
The model explored in Project Icebreaker would offer retail users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies
Singapore Police Start Investigation Into Do Kwon's Terraform Labs: Bloomberg
6.3.2023
Singapore's police has confirmed Do Kwon is not in the city state
Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens
6.3.2023
Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these actions, citing concerns about the interactions that...
Does Bitcoin's Weekly Death Cross Pattern Call for Caution?
6.3.2023
The death cross formed on the weekly timeframe makes for a cautious view of the near-term outlook, one observer said, while another called it a non-event
DeFi Exchange PancakeSwap to Deploy Version 3 on BNB Smart Chain in April, Burns $27M in CAKE
6.3.2023
PancakeSwap V3 will offer new features such as improved liquidity provisioning, competitive trading fees, trading incentives and enhancement for yield farming tools
Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate Gap
6.3.2023
BCB Group CEO Oliver von Landsberg-Sadie said he hopes to have dollar fiat-to-crypto rails in place and ready to go live early in the second quarter
Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
6.3.2023
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate...
World crypto whales met at Blockchain Life 2023 in Dubai
6.3.2023
4500 people from more than 100 countries gathered together to shape the future of cryptocurrencies at the 10th anniversary Forum, known as Crypto Whales meeting point. For 2 days, the key figures of the crypto industry discuss the hottest topics, making deals and expanding their network of useful...
Crypto Exchange Bybit Suspends USD Deposits
6.3.2023
The exchange announced the suspension on Saturday, adding that withdrawals through wire transfers, including SWIFT, will be halted from March 10
CoinEx Introduces Strategic Trading to Help Users Set out Sound Investment Plans and Stay Ahead
6.3.2023
PRESS RELEASE. In traditional financial markets, the term trading strategy describes a comprehensive plan covering all trading activities, guiding investors to execute their target trades. In the world of crypto, a trading strategy refers to a predetermined plan or trading behavior designed to help...
NFT Creators Investigated in Israel for Alleged Tax Evasion
6.3.2023
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western...