After another large burn of SHIB tokens, the Shiba Inu burn rate skyrocketed in the previous 24 hours, reaching over 1,450 percent. The community took advantage of the meme coin season to speed up the coin’s burn and attract more people to the cryptocurrency. This week, the Shiba Inu community
May 29, 2023 1 min read
Bitcoin (BTC) jumped more than 3.4 percent during the early hours of trading on Monday, May 29. This occurs when the United States is ready to increase its debt limit from its present level of $31.4 trillion. According to CMC, Bitcoin (BTC) is trading 3.4% higher at $28,009 with a
May 29, 2023 1 min read
Jimbos protocol is the latest decentralized finance (DeFi) system to be hacked, resulting in a substantial loss of funds in the cryptocurrency market. Jimbos protocol, the Arbitrum system’s liquidity mechanism, was hacked on May 28 morning, according to blockchain security company PeckShield. The hack caused a loss of 4,000 Ether,
May 28, 2023 1 min read
Binance, the biggest cryptocurrency exchange in the world, stated on Saturday that it would stop providing cryptocurrency services to Japanese customers as of November 30, 2023. The crypto exchange has taken this decision as part of its continued efforts to meet regulatory requirements and guarantee compliance in the countries where
May 28, 2023 2 mins read
In order to bring inflation under control, the International Monetary Fund (IMF) advises the Federal Reserve of the United States to maintain hiking interest rates for a longer length of time. The IMF also recommended that the Biden administration use stricter fiscal policies to bring down the national debt. Under
May 27, 2023 2 mins read
The U.S. Securities and Exchange Commission (SEC) filed a complaint against cryptocurrency exchange Gemini and insolvent lender Genesis on May 26 saying that the earn product constitutes the selling of unregistered securities. Gemini maintained that its Earn product, which paid consumers to lend out coins, was not a security. Genesis
May 27, 2023 2 mins read
On May 25th, insolvent cryptocurrency lender Celsius Network announced that the auction to sell its assets to cryptocurrency consortium Fahrenheit LLC had concluded. After consulting with its official committee of unsecured creditors. Celsius Network ultimately decided to go with Fahrenheit as the high bidder in the court-supervised auction. The Fahrenheit
May 25, 2023 1 min read
To facilitate secure spot trading of virtual assets in Hong Kong, OKX, the world’s second-largest cryptocurrency exchange by trading volume, and a leading Web3 technology business, has published an updated version of its app. In a recent announcement, the Hong Kong exchange revealed that BTC, ETH, ADA, MATIC, SOL, DOT,
May 25, 2023 1 min read
Due to the unfriendly atmosphere in the United States, the Winklevoss twins are considering establishing their crypto empire in the United Kingdom. The twins Tyler and Winklevoss, who founded the cryptocurrency exchange Gemini, recently stated that they had met with representatives from the Financial Conduct Authority and the Bank of
May 24, 2023 1 min read
Coinbase, the largest cryptocurrency exchange, has filed a writ of mandamus against the US Securities and Exchange Commission (SEC), ramping up its ongoing conflict with the SEC. The necessity for standardized regulations and norms for the cryptocurrency industry in the United States has been the source of contention for months,
May 24, 2023 1 min read