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Search Results for: rbi

Uniswap Announces Integration of NFT Focused DEX, Sudoswap

In June, the protocol announced that it has acquired Genie. Sudoswap allows users to purchase or sell NFTs in a decentralized way. An NFT-focused decentralized exchange (DEX), Sudoswap is now being integrated into the largest crypto DEX Uniswap. It was announced today that Uniswap would be introducing NFTs “with full

July 23, 2022 2 mins read

TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin

The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON. The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to provide the blockchain world with a

July 22, 2022 4 mins read

Ripple Officials React to U.S. Congressman’s Claim of XRP a Security

The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in 2020. The court has not yet determined the token’s regulatory status. One of the most popular cryptocurrencies by market capitalization, XRP, is a security, according to Rep. Brad Sherman (D-CA) at a recent congressional hearing on the SEC’s

July 20, 2022 2 mins read

U.S Lawmaker Brad Sherman Thrashes SEC For Neglecting Exchanges

U.S lawmaker Brad Sherman questions the SEC.  Accuses of leaving out major crypto exchanges. SEC terms regulating the crypto industry has become hard. The long-time major villain for the crypto industry, and the congressman Brad Sherman, thrashes the United States Securities and Exchange Commission (SEC) over various aspects. Brad Sherman

July 19, 2022 2 mins read

Court Filing Shows Three Arrows Capital Owes Genesis $2.36B

Teneo released a 1,157-page court petition that included the numbers. 3AC filed for Chapter 15 bankruptcy on July 1 amid all the confusion. Three Arrows Capital (3AC), a crypto lending platform, owes Genesis $2.36 billion, according to court documents from Trustee Teneo. According to court documents, Genesis Asia Pacific Ltd.

July 19, 2022 1 min read

Binance Fined 3.3M Euros by Dutch Central Bank For Non-compliance

The DNB’s General Fine Setting Policy was used when calculating the amount. DNB’s investigation took longer than expected, resulting in higher penalties for the violation. The Dutch Central Bank (DNB) fined Binance 3.3 million euros in April 2022. Exchanges that provide services to Dutch people without legal registration face fines.

July 18, 2022 2 mins read

Shiba Inu Governance Token BONE Nears Remarkable 50k Holders

There are now more than 1.2 million SHIB token holders. BONE’s new minting rate has just been updated by the Shiba Inu team. BONE, Shiba Inu’s ecosystem token, is nearing the 50,000 round threshold in the number of holders. According to the BONE Twitter account, there are presently 49,278 BONE

July 18, 2022 1 min read

Circle Claims Stablecoin USDC Fully Backed by Cash Reserves

The firm no longer has any commercial paper on hand.  As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underlying the USDC stablecoin’s rising reserve has been made public by Circle, the payments startup behind the USDC. Circle’s Thursday report, although

July 16, 2022 1 min read

Vladimir Putin Approves Bill Restricting Digital Financial Assets

Russia will begin this autumn by introducing a new bill called “On Digital Currency.” Russian authorities have said that the DFA covers cryptocurrencies. Russia’s President Vladimir Putin has approved a bill restricting the use of digital financial assets (DFAs) as a payment method inside the nation, according to the crypto

July 15, 2022 2 mins read

CoinFLEX Allows Limited Withdrawal Option For Customers

The platform’s stablecoin, flexUSD, will remain unavailable until further notice. Earlier this month, the platform put a hold on withdrawals. In the wake of a conflict with notable crypto investor Roger Ver “Bitcoin Jesus”, the trading platform CoinFLEX has announced limited client withdrawals. Users may now withdraw 10% of their

July 15, 2022 1 min read