Sun, October 4

Prominent Mining Pool ‘Poolin’ Temporarily Halts Withdrawals

This mining pool is responsible for 10.4% of the total hashrate in Bitcoin mining. The group also announced the temporary suspension of BTC and ETH balance payouts. Poolin, a mining pool headquartered in China, has temporarily suspended wallet withdrawals due to cash flow concerns. Given Poolin’s massive scope, the withdrawal

September 6, 2022 1 min read

Binance to Suspend Its Support for USD Coin

Binance to stop its support for USDC, USDP, and TUSD from the end of September. The existing funds of the coin will automatically convert these coins to BUSD. The largest cryptocurrency exchange, Binance recently revealed that the platform will discontinue its support for the stablecoins such as USD Coin (USDC),

September 6, 2022 1 min read

Netflix Rejects Crypto Commercials in Ad-supported Memberships

There were restrictions on pharmaceutical advertising as well. The average cost of this new service is estimated to be roughly $8. The epidemic was a boon for Netflix and other media streaming providers. Their subscription count skyrocketed, catapulting them into the spotlight. However, this viewpoint ultimately failed to gain traction.

September 6, 2022 2 mins read

Australia Federal Police Launches Dedicated Crypto Crime Division

It is generally agreed that adoption and regulations go hand in hand.  Even as law enforcement was growing acquainted with the concept of cybercrime, a new chapter opened up with the advent of crypto-related criminal activity. In the previous several years, there has been a slew of arrests related to

September 6, 2022 1 min read

Audits of British Fintech Revolut Under Scrutiny Over Flaws

The audits of pro-cryptocurrency bank Revolut reportedly had problems, as reported by the Financial Times, United Kingdom. A Financial Reporting Council (FRC) assessment from July said that the audit of a certain corporation (which was not identified) had flaws. The FRC said that there was “the risk of an undetected

September 5, 2022 2 mins read

New Prime Minister of the UK ‘Liz Truss’ a Crypto Advocate?

Truss will be formally appointed on Tuesday as the next Prime Minister. Truss tweeted in 2018 that the United Kingdom should embrace cryptocurrency. To become the next Prime Minister of the United Kingdom, Liz Truss has prevailed against crypto advocate Rishi Sunak. After former Prime Minister Boris Johnson submitted his

September 5, 2022 2 mins read

Massive Bitcoin Selloff Surfaces Amid Bearish Market Conditions

5,000 Bitcoins (now worth $100 million) transferred to the crypto exchange Kraken. One of the largest BTC whale addresses transferred all of its holdings to exchange. Bitcoin (BTC), the most popular cryptocurrency, has been trading at a price below $20,000 for some time. At the time of writing, according to

September 5, 2022 2 mins read

U.S Congressman Considers Crypto as Threat to National Security

California Assembly approved a measure to regulate crypto services. Sherman can’t make up his mind on the best strategy to safeguard crypto investors. In the USA, certain states like California have tightened their rules on cryptocurrencies. For instance, only last week it was announced that the California Assembly had approved

September 5, 2022 2 mins read

LUNC, USTC Deposits and Withdrawals Will Be Halted by FTX

FTX will suspend deposits and withdrawals of LUNC and USTC. The exchange will also stop its support for Anchor Protocol (ANC) token. According to the recent announcement from the prominent cryptocurrency exchange, FTX, the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be halted by the platform

September 5, 2022 1 min read

When Will DeFi be Competitive with Traditional Finance?

We all like to root for the underdog.  Whether it’s a David and Goliath story, the Mighty Ducks, Eddie the Eagle, or that couple down the street running their startup in the garage.  There is just something about seeing someone who is outmatched, outfunded, and outclassed, overcome through intense focus,

September 5, 2022 7 mins read