Post receiving approval from the U.S. court supervising its bankruptcy case, the insolvent cryptocurrency lender Celsius has begun selling its altcoin assets in exchange for Bitcoin (BTC) and Ethereum (ETH). After a brief halt in withdrawals due to a lack of client cash, Celsius filed for bankruptcy protection in July
On Wednesday, Muneeb Ali, co-founder of Stacks, a Bitcoin layer for smart contracts, disclosed on Twitter that Bank of America (BOFA) had abruptly cancelled his bank account of 15 years without providing an explanation. He thinks the account was closed because he used it to buy crypto using Coinbase. Coinbase
Since around the middle of February 2022, the price of the popular cryptocurrency DOGE/USDT has been consolidating within a narrow band of $0.1420 to $0.5140. There has been a lack of direction in the market, as seen by the protracted horizontal trend seen throughout this time. However, DOGE/USDT made a
The United States Securities and Exchange Commission (SEC) has accepted the BlackRock spot Bitcoin ETF application and formally initiated the review process for the exchange-traded fund ETF proposal. Further, along with BlackRock’s application, the SEC has revealed its review of other Bitcoin-related funds. Such as Wise Origin Bitcoin Trust, WisdomTree
Bitcoin, the leading cryptocurrency, has experienced significant price volatility, declining by 2.81% to reach $30,350. This sudden BTC price drop in value comes as a surprise to many investors and traders, especially considering the recent positive momentum in the market. The price surge earlier was driven by the optimism generated
Coinbase, the United States-based cryptocurrency exchange, has announced that it will halt the staking service in four states in the United States. Coinbase, one of the largest and most prominent cryptocurrency exchanges, made this decision to comply with the legal requirements imposed by the regulatory authorities in those states. 1/
The fifth biggest cryptocurrency, XRP, is down 8% in the last 24 hours and is now around $0.70. According to CMC statistics, the cryptocurrency is once again below Binance’s BNB. It currently sits at the 5th position on the top crypto by market cap list on CMC. This decline follows
Binance, one of the world’s largest cryptocurrency exchanges, has reportedly laid off over 1,000 employees, including 36 in India. This binance layoff primarily affected customer service workers, and said it to be a result of its aim to reallocate resources and enhance talent density within the organization. Binance had previously
On Friday, Larry Fink expressed optimism about the future of cryptocurrencies by discussing the growing interest he has seen from gold investors. The CEO of BlackRock said on CNBC after the company’s second-quarter earnings report that “more and more” gold investors have been inquiring about the role of crypto over
Today marks Binance’s sixth anniversary. To mark the occasion, the founder and CEO of the world’s largest exchange Changpeng Zhao (CZ), has reflected on a number of moments in the platform’s history. The company’s chief executive said in a statement that Binance began operations in 2017 as a crypto-to-crypto exchange supporting five currencies
