Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
BlockFi Will Resume Withdrawals in Summer
Reading Time: < 1 minuteBlockFi is expecting to open up the option to withdraw funds from certain client accounts in the summer once testing is completed.
USDT Issuer Tether Issues 1 Billion USDT to Support Token Exchange
Reading Time: < 1 minuteTether has recently authorized the issuance of 1 billion USDT in order to support the token exchange on various blockchains.
Nigeria Orders Binance to Suspend Service to Traders
Reading Time: < 1 minuteThe Nigerian Securities Authority has recently released a statement warning investors to stay away from Binance.
A Whale Sells $2.3M of BNB Tokens
Reading Time: < 1 minuteA whale investor has made an exchange of 10,000 BNB, valued at approximately $2.3 million, for USDT at a rate of $230 after two years of dormancy.
Crypto Exchange OKX Burns $258M Worth of its Native Token OKB
Reading Time: < 1 minuteOKX has destroyed 64 million of its tokens in its 20th native token buyback and burn procedure, with nearly 5.5M OKB valued at roughly $258M taken out of circulation.
Coinbase CEO Brian Armstrong Believes the US Authorities Will Legalize Crypto Market
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At the end of May, Coinbase’s CEO Brian Armstrong penned an article in which he denounced the US government’s sluggishness in legalizing the cryptocurrency market.
Bedrock Update Significantly Reduces Optimism Network Fees
Reading Time: < 1 minuteFollowing the recent Bedrock update, Optimism’s L2 transaction fees saw a sharp decrease, going from $0.57 to $0.16, according to the Dune dashboard.
BitGo Plans to Acquire Crypto Custodian Prime Trust
Reading Time: < 1 minuteCustodian BitGo has reached a preliminary agreement to purchase all 100% of the securities of Prime Core Technologies, which includes cryptocurrency custodial company Prime Trust.
Charles Hoskinson Talks About Reasons Behind SEC Lawsuit Against Binance
Reading Time: < 1 minuteCharles Hoskinson believes that the US Security and Exchange Commission’s (SEC) case against the Binance Bitcoin exchange is driven by its “political and philosophical disagreement” about cryptocurrencies.
USDC Issuer Circle Receives Payment Institution License in Singapore
Reading Time: < 1 minuteCircle has been granted a Major Payment Institution license by the Monetary Authority of Singapore, enabling Circle Internet Singapore to offer digital payment token services and domestic and international money transfers in the country.
Aave Launching Final Version of its GHO Stablecoin on Ethereum
Reading Time: < 1 minuteAave Companies is heading towards the implementation of their fully decentralized GHO stablecoin on the Ethereum mainnet.
CFTC Wants Additional Powers to Oversee Crypto Industry
Reading Time: < 1 minuteRostin Benam, the head of the CFTC, has called for the department to receive the authority to impose anti-fraud regulations on the cryptocurrency market during his speech in front of […]
Securities and Exchange Commission Sues Coinbase
Reading Time: < 1 minuteThe Securities and Exchange Commission brought a lawsuit against Coinbase on Tuesday morning.
Coinbase Shares Fall 9.1% Following SEC Lawsuit Against Binance
Reading Time: < 1 minuteOn June 5, the trading of Coinbase stocks ended with a 9.1% decline. This was the market’s response to an SEC lawsuit filed against Binance and its CEO Changpeng Zhao.
Atomic Wallet Hacker Sent Assets to Crypto Mixer Used by Hacker Lazarus Group
Reading Time: < 1 minuteMore than $35 million worth of assets stolen in the Atomic Wallet hack is being laundered by the hacker through the Sinbad.io cryptocurrency mixer.
Bloomberg Strategist: BTC Will Go Through Difficult Period
Reading Time: < 1 minuteMike McGlone, a Bloomberg strategist, has cautioned that June 2023 will be a challenging period for bitcoin.
Bitcoin’s Volatility is Tower than Meta and Amazon Stocks
Reading Time: < 1 minuteThe yearly volatility of Bitcoin has dropped from its all-time average of 71% to 32% on the 30D-MA.
SEC Sues Crypto Exchange Binance
Reading Time: < 1 minuteThe US Securities and Exchange Commission instituted a lawsuit against the world’s largest crypto exchange, Binance, and its founder Changpeng Zhao.
USDT’a Market Caps Reaches New High
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The total market value of Tether (USDT) has reached a new record at $83.4 billion, surpassing its previous record from May 2022 of $83.2 billion.
Sui Network Becames Partner of Red Bull Formula 1 Team
Reading Time: < 1 minuteSui Network, a Tier 1 blockchain developer, has recently announced a “multi-year partnership” with Formula 1 racing team Red Bull.
TON Foundation Makes Proposal to Burn Half of Network Fees
Reading Time: < 1 minuteThe TON Foundation has put forward a proposal to introduce a burn mechanism on the TON network, aiming to destroy 50% of all transaction fees.
dWallet Labs Finds $500M Vulnerability in TRON Multisig Accounts
Reading Time: < 1 minuteCybersecurity team 0d from dWallet Labs has recently identified a critical multi-signature vulnerability in the Tron network that has affected approximately $500 million in assets.
Binance Will Delist Anonymous Tokens in Several European Countries
Reading Time: < 1 minuteOn June 26, Binance will delist 12 privacy coins in France, Italy, Poland and Spain. The platform sent email notifications to users from these countries.
Ede Finance Developers Confess Price Manipulation as a Result of Hack
Reading Time: < 1 minuteThe project team admitted to their manipulation and promised to return the stolen funds to the hacker, minus 10%.
Bitcoin Lost 8% of its Value Last Month
Reading Time: < 1 minuteBitcoin experienced a loss of 8% in May, marking a decrease of 64% from the beginning of the year.
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