Tag: cryptocurrency news
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Tether Resumes Lending Operations to Bolster Liquidity for Long-Term Clients
WSJ reported In a strategic decision aimed at fortifying its long-term customer relationships, Tether, the popular stablecoin issuer, has announced the resumption of its lending services, just under a year…
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Korean Traders Spark IMX Surge Amidst Allegations of Market Manipulation
In a surprising turn of events, the cryptocurrency market is abuzz with allegations of price manipulation as Korean traders appear to be at the center of a sudden surge in…
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Bitcoin Network Experiencing Historic Block Congestion
the Bitcoin network is currently facing an unprecedented challenge – the longest period of block fullness in its history. This prolonged congestion is causing a ripple effect across the entire…
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Bitcoin ETF Approval Anticipated by Fall 2023
a CNBC senior markets correspondent has voiced optimism regarding the approval of spot Bitcoin ETFs, projecting their potential confirmation sometime during the fall. This significant development could herald a new…
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Ripple’s XRP Skyrockets Causing $220M in Short Liquidations
In a major victory for Ripple Labs, Judge Torres ruled that the majority of XRP sales are not considered securities transactions. This landmark decision sent shockwaves throughout the cryptocurrency market,…
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Barnbridge DAO Faces SEC Investigation and Halts Operations
the Barnbridge DAO is currently under investigation by the U.S. Securities and Exchange Commission (SEC). The SEC’s legal counsel has advised the cessation of all product work, suspension of payments…
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Maker $MKR Surges Over 40% in 7 Days on Protocol Expansion
MKR has experienced an impressive surge of over 40% in the past seven days. This significant increase in value can be attributed to several factors, including the introduction of the…
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Upbit Implements Korean Fiat Currency Trading for BLUR
Upbit, the largest cryptocurrency exchange in South Korea, revealed its plans to introduce a new trading pair featuring BLUR, a prominent digital asset, and the Korean fiat currency, KRW. This…
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AAVE Price Soars as Whale Accumulates Millions of Dollars Worth of Tokens
The price of AAVE, one of the leading cryptocurrencies, experienced an astonishing surge of approximately 27% within the past five hours. This unexpected price movement appears to be directly linked…
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DASH Completes Halving Amidst SEC Listing as a Security
DASH has completed its halving process at block height 1,892,161. This significant event has garnered attention from the crypto community, coinciding with DASH’s recent listing as a security by the…
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Fidelity Investments Set to Apply for Bitcoin ETF and Eyes Grayscale Acquisition
Fidelity Investments, a renowned financial firm, is preparing to make a significant move in the world of cryptocurrencies. The company is gearing up to apply for a Bitcoin Exchange-Traded Fund (ETF) and has expressed interest in acquiring Grayscale, the largest digital asset manager globally. If successful, these ventures could bring substantial benefits to the broader…
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22.5 Million MATIC Tokens Transferred as Robinhood Exits Marke
Popular trading platform Robinhood has recently delisted MATIC, the native cryptocurrency of the Polygon network. The delisting decision sent shockwaves through the crypto community, leading to a massive transfer of…
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TUSD Mints via Prime Trust Temporarily Paused
TrueUSD (TUSD) announced that the minting service provided through Prime Trust has been temporarily paused. TrueUSD, a prominent stablecoin in the cryptocurrency ecosystem, has temporarily halted the minting of TUSD…
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SEC Lists DASH as a Security: Unveiling the Reason Behind the Decision
The US Securities and Exchange Commission (SEC) has categorized DASH as a security token. Unlike other major Proof of Work (POW) tokens like Bitcoin (BTC), Litecoin (LTC), Monero (XMR), Ethereum…
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Lido Finance Introduces stETH Withdrawal NFTs
Lido Finance, a leading decentralized finance (DeFi) platform, has introduce of ETH Withdrawal NFTs, revolutionizing the way users interact with their cryptocurrency assets. With these unique non-fungible tokens (NFTs), Lido…
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Ethereum 2.0 Hits Record Monthly High with Over 2.2 Million ETH Staked
The month of May witnessed a significant milestone as over 2.2 million ETHs were staked to the ETH2 deposit contract. This unprecedented surge in staking activity marks a new monthly…
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Binance to Proactively Withdraw from Canadian Marketplace
Binance, the world’s largest cryptocurrency exchange, announced today that it will proactively withdraw from the Canadian marketplace. The decision comes in response to new guidance from the Canadian Securities Administrators…
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Novatech FX Fined $50,000 for Securities Dabbling
According to recent reports, Novatech FX has been fined a measly $50,000 for its involvement in securities. This news has caused quite a stir in the crypto community, with many…
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