Another class action complaint has been filed against cryptocurrency exchange Coinbase, claiming that the exchange deceived investors into buying securities. Coinbase is facing allegations of securities law violations from individual complainants who have filed a formal complaint. The complaint also claims that SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and
May 5, 2024 2 mins read
Adding Dogecoin as a payment option for various Tesla items has reportedly been done by Elon Musk, a supporter of Dogecoin and CEO of Tesla, according to a frequently asked questions section on the official website of Tesla. Elon Musk mentioned a month ago that Tesla may take Dogecoin as
May 4, 2024 2 mins read
A further two months of waiting have been imposed upon 7RCC Global after almost five months of waiting for the US Securities and Exchange Commission (SEC) to render a verdict on its spot Bitcoin ETF application centering on carbon credits. In order to decide on whether to adopt, reject, or
May 3, 2024 1 min read
Hong Kong’s extraordinary inflows of capital have thrust the region into the limelight, while the rest of the world’s digital asset ETF market has suffered losses during the previous week. As of now, the weekly flows in the Asian crypto ETF market are surpassing those in the U.S. Spot Bitcoin
May 3, 2024 1 min read
Within the Sui ecosystem, decentralized exchange Turbos Finance has announced the introduction of two innovative liquidity strategies. The strategies include a novel Auto-swap feature linked with Dollar-Cost Averaging (DCA) strategies for easier liquidity provision, and a Sui network-centric automated liquidity management vault for CLMM positions on the Turbos DEX. LPs will be able
May 3, 2024 2 mins read
The USDT stablecoin’s issuer, Tether, has released its Q1 attestation report for 2024. As of March 31, 2024, the most recent attestation extends beyond the reserves supporting Tether stablecoins. In addition, it summarizes the financial strength of the whole Tether Group. The first quarter of 2024 was a watershed moment
May 1, 2024 1 min read
The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of
April 30, 2024 2 mins read
With the finalization of a $10 million investment round, London-based Harris and Trotter Digital Assets, a worldwide cryptocurrency accounting business, has taken a big step toward solving accounting issues that affects all Web3 projects. The round was headed by Orbs and includes investments from RE7 Capital, Kingsway Capital, and other notable Web3
April 30, 2024 1 min read
Interestingly, USD Coin (USDC) from Circle has surpassed the biggest stablecoin in the world Tether (USDT), in terms of stablecoin transactions. In April 2024, the number of USDC transactions surpassed USDT’s monthly total, at 166.6 million, according to on-chain analytics provided by payments behemoth Visa. Since the year 2023 came
April 30, 2024 1 min read
The USDT stablecoin issuer Tether has now made a strategic investment in Neuralink competitor Blackrock Neurotech in an effort to advance brain-computer interface (BCI) technology. Neuralink is Elon Musk’s neural implant company. Today, April 29, the stablecoin business made a formal announcement that brought attention to the $200 million investment
April 29, 2024 2 mins read