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After six weeks of bullish, the overall cryptocurrency market is slightly down. At the time of writing, the global crypto market has a market cap of $1.05 trillion, which decreased by over 4.5% in the last 24 hours and 49% from the previous year. Crypto Market Current Status The upward
New York regulators are reportedly investigating Paxos, the firm that issues the BUSD and USDP stablecoins. The Pax dollar (USDP) and Binance USD (BUSD), a stablecoin with the Binance name that is made available through a white-label service, are examples of Paxos’ stablecoins. Recent allegations about the federal bank regulator,
Following the regulator’s probe into Kraken, the crypto exchange had agreed to settle charges with U.S. Securities and Exchange Commission (SEC) and shut down its on-chain cryptocurrency staking service. The U.S SEC announced on Thursday that, the two Kraken entities ‘Payward Ventures and Payward Trading’ accept to pay $30 million
Aave has announced the launch of their native stablecoin, GHO, on the Ethereum Goerli testnet. Stablecoin, whose name is pronounced “GO,” is completely decentralized and entirely collateralized. The Aave Protocol’s system of minting via collateral guarantees that the oracle price of GHO will be pegged to the dollar at all
According to its most recent attestation report, Tether Holdings Limited, the issuer of the biggest stablecoin USDT, earned $700 million in the fourth quarter. In this case, the value of the consolidated assets is more than the total of the consolidated liabilities. At the conclusion of the year, Tether, a
A Satoshi-era Bitcoin address is back in the headlines after it recorded a transaction. The move sent more than $9.6 million worth of BTC from the wallet which was first created 11 years ago. Since October 1, 2012, address 1MMXRA has held a substantial amount of 412.12 BTC, or Bitcoin,
The Securities and Exchange Commission (SEC) is investigating Kraken, one of the biggest cryptocurrency exchanges in the world. SEC to examine whether regulations broken in some of its sales to American investors. The inquiry is related to some services Kraken provided to customers in the United States. The exchange has
Crypto exchange Coinbase CEO Brian Armstrong was alarmed about the rumors he received that the U.S. Securities and Exchange Commission (SEC) wants to “get rid of individual investors” from staking cryptocurrency. According to a February 9th tweet from Coinbase’s Chief Executive officer, the U.S SEC intends to ban retail investors
On Wednesday, US Federal Reserve Bank of New York released a 31-page report titled “The Bitcoin – Macro Disconnect”, compiling the findings of the impact of macroeconomic news on Bitcoin and other asset classes. Significantly, the findings of the analysis pushed the United State’s central bank into a perplexed state.
The Sandbox (SAND) experienced a surge of 30% following the announcement of a strategic partnership between itself and Saudi Metaverse. The first government-backed blockchain project in the Kingdom of Saudi Arabia. Through this partnership, Sandbox will collaborate with Saudi Metaverse. Thus bringing its world-building tools and expansive NFT library to
