Mon, February 3

Crypto Exchange Coinbase Advises Users To Convert USDT to USDC

Coinbase, a cryptocurrency exchange, has urged its customers to transfer from Tether (USDT) to Circle’s USD Coin (USDC), calling the latter a “trusted and reputable stablecoin.” The underlying reason for the transition is unclear, but Coinbase feels recent events have prompted the move. On December 8th, Coinbase posted a blog

December 9, 2022 2 mins read

Binance U.S Waves Off Trading Fee on Ethereum Pairs

The “zero fee price model” offered by Binance US is now available for Ethereum. There are currently four Ether spot market pairings available for trading without fees: ETH/USD, ETH/Tether, ETH/USD Coin, and ETH/Binance USD (BUSD). The U.S trading platform has instantly done away with gas costs for all “Buy &

December 8, 2022 2 mins read

Payment Processor PayPal Launches Crypto Services in Luxembourg

In what seems to be an effort to spread crypto services throughout the European Union. Financial services major PayPal aims to establish cryptocurrency operations in Luxembourg. Users of PayPal will soon be able to trade Bitcoin and Ethereum, as well as purchase and store digital currencies. PayPal said in a

December 8, 2022 1 min read

Wemix Struggles in Defense Against South Korea’s Delistings

On the whole, quite dangerous, and extremely volatile is the serious business of firms relating themselves with the crypto industry. Though being a good field of opportunity to make money on one side, it also persists as the best way to lose on the other side.  Likewise, the Wemix gaming

December 8, 2022 2 mins read

U.S and Vietnam Ranks Top for High Crypto Adoptions in 2022 – Huobi Reports

The year 2022 offered great challenges for the crypto industry, suffering from a bearish trend till date. Many significant crisis affected the market  by shrinking the prices of all cryptocurrencies, especially the king coin, Bitcoin (BTC). As a result, there is a huge downfall of over $2.2 trillion in the

December 8, 2022 2 mins read

Coinbase CEO Expects Drastic Fall in Crypto Sales This Year

Coinbase, a major cryptocurrency exchange, expects sales to drop significantly in 2022. According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Due to declining prices and the bankruptcy of a competitor exchange, FTX. As a consequence, it’s possible that 2022 revenues may drop by as much as

December 8, 2022 1 min read

FTX Deploys a Forensic Team to Track Its Customers’ Hacked Assets

FTX, the bankrupt crypto exchange has hired financial forensic investigators to find the missing cryptocurrencies. According to a recent report from the Wall Street Journal, the new management of FTX has appointed a group of forensic investigators from the advisory company, AlixPartners to help find the billions of dollars that

December 8, 2022 1 min read

Binance Shares Bitcoin Proof of Reserves Audit Report

In an effort to reassure its customers, the biggest cryptocurrency exchange, Binance, recently made public the private information that identified its hot and cold wallet addresses. Additionally, the exchange committed to sharing the future Merkle Tree of funds. In any case, the cryptocurrency exchange has delivered as promised and released

December 7, 2022 1 min read

SEC Chair Gensler Responsible for FTX Fall Thrashes Congress Reps.

Speculative opinions surrounding the U.S Securities and Exchange Commission (SEC) have always been present for a long time. Though the main notion of the U.S SEC is to maintain security, and protection for assets, mainly digital currently, most of the investors, and crypto based firms are against it.  Throughout time,

December 7, 2022 2 mins read

Japan’s Financial Watchdog Extends FTX Japan Suspension

On Wednesday, Japan’s Financial Services Agency (FSA) said that it intends to prolong the suspension order for FTX Japan, a cryptocurrency exchange. Because of delays in resuming withdrawals and returning client monies in Japan, the company has made the decision to implement the change. In November, the FSA demanded that

December 7, 2022 1 min read
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