Binance CEO CZ announced the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform amidst continuing regulatory issues including a recent lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The biggest cryptocurrency exchange aims to protect its customers’ assets and lessen the effects of market fluctuations.
June 19, 2023 2 mins read
Baby Doge Coin (BABYDOGE), a competitor to Shiba Inu, has launched its own DEX platform called BabyDogeSwap. As a result of BabyDogeSwap’s release, the memecoin community now has access to previously inaccessible services. The protocol introduced an aggregator where tokens could be traded between users. https://t.co/UAopqn3msj is live! -Users can
June 19, 2023 2 mins read
The million-dollar class action lawsuit filed against Elon Musk for insider trading of cryptocurrency Dogecoin took a new turn today. Elon Musk’s lawyer Alex Spiro revealed that Mr. Musk does not own any Dogecoin wallets that were part of price manipulation. Earlier, a class action lawsuit was filed against the
June 18, 2023 2 mins read
CoinMarketCap data reveals that the U.S. dollar-pegged BUSD stablecoin has dropped to fourth place in market capitalization among other stablecoins, having lost more than $1 billion during the last 30 days. There has been a 29% drop from May 18’s $5.54B market value to today’s $4.3B valuation of BUSD. Since
June 18, 2023 2 mins read
The FDIC has warned the California-based cryptocurrency exchange OKCoin USA Inc., which is affiliated with the OKX, to avoid exploiting the FDIC’s name to strengthen its validity. The letter, sent to OKCoin’s CEO Hong Fang, raised concerns that the platform may be in breach of the FDIA’s Section 18(a)(4). Moreover,
June 16, 2023 2 mins read
After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at
June 16, 2023 2 mins read
In spite of Hong Kong’s efforts to become Asia’s cryptocurrency capital, major financial institutions remain hesitant to join the trend. According to the most recent FT article, Hong Kong’s banking regulator has been putting pressure on major banks. These include Standard Chartered and HSBC for working with cryptocurrency exchanges. The
June 15, 2023 2 mins read
Uniswap (UNI) may have been an early player in the Decentralized Finance (DeFi) ecosystem. But Ripple’s vocal CTO David Schwartz recently pointed out that this doesn’t make it a decentralized business. There has been backlash over the Ripple CTO’s comments that Uniswap is not a decentralized platform. This debate concerning
June 15, 2023 2 mins read
Damus, a decentralized social networking software, has been threatened with removal from the Apple App Store until its developers alter the program to comply with Apple’s guidelines. According to a tweet from the project, Apple has requested an update from Damus within 14 days of the date of communication to
June 14, 2023 1 min read
The Snoop Dogg Passport, an NFT pass that grants access to special content and experiences related to the rapper and entertainer’s forthcoming concert tour, was released today, marking yet another step towards Web3 for Rapper Snoop Dogg. Moreover, each Snoop Dogg Passport NFT costs 0.025 ETH, or around $43 at
June 14, 2023 2 mins read
