Tether, the leading issuer of stablecoins, has recently completed a significant minting process at Tether Treasury. In an effort to replenish its inventory, Tether has minted a whopping 1 billion USDT (equivalent to $1,005,442,500 USD) tokens on the Tron Network. 💵 💵 💵 💵 💵 💵 💵 💵 💵 💵
On Thursday, Jack Dorsey’s payments firm Block announced the launch of an open beta test for its Bitkey self-custodial Bitcoin wallet. To securely transfer Bitcoin from Coinbase or CashApp to the wallet “without the friction of standard ‘copy and paste,’” the beta already contains unique interfaces with both services. Block,
Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Netherlands following its unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license would have certified it’s compliance with anti-money laundering (AML) guidelines. Starting from July 17, 2023, Dutch residents will only be
The FDIC has warned the California-based cryptocurrency exchange OKCoin USA Inc., which is affiliated with the OKX, to avoid exploiting the FDIC’s name to strengthen its validity. The letter, sent to OKCoin’s CEO Hong Fang, raised concerns that the platform may be in breach of the FDIA’s Section 18(a)(4). Moreover,
After a rough couple of weeks, the cryptocurrency market is starting to trend upward again. After the interest rate decision by the U.S. Federal Reserve, the price of Bitcoin dropped below $25,000. The statements made by Fed Chair Jerome Powell prompted the sell-off, even though a halt to rate rises
In a tumultuous second quarter of 2023, the cryptocurrency market was battered by a regulatory storm and plummeting prices. Yesterday, the overall market capitalization was down by 3.81%. Amidst this storm, meme-inspired cryptocurrencies have displayed remarkable resilience, outperforming major players like Bitcoin and Ethereum. Shiba Inu, Pepe, and Dogecoin have
After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at
One more catastrophe occurred in the highly volatile cryptocurrency market. In a dramatic turn of events, crypto trading platform Abra and its CEO, William (Bill) Barhydt, are facing allegations of securities fraud as the Texas State Securities Board filed an emergency cease and desist order against the company. The regulator
The world-renowned cryptocurrency exchange Binance has decided to delist PEPE as a borrowable asset on its Flexible Loan platform. As per Binance’s official statement, starting from June 21, 2023, at 08:00 (UTC), users will lose the ability to borrow PEPE on the Flexible Loan platform, in line with the delisting
CoinEx, the Hong Kong-based crypto exchange, has been banned from operating in New York by Attorney General Letitia James. NYAG mentioned that the crypto exchange has failed to register as a broker-dealer. So the authorities shut down the crypto exchange. 🚨There are serious consequences for ignoring New York laws. As
