On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. Wells Notices are letters from the SEC outlining potential charges that might be filed against the receiver. After
Binance, the biggest cryptocurrency exchange in the world, and Kuna, one of the largest in Ukraine, have both announced temporary bans of activities using bank cards denominated in Ukrainian hryvnia. Moreover, both exchanges validated the existence of the issues related to such trades. The trading platform stated in a Telegram
On March 3, Silvergate, a cryptocurrency bank, stated that it will be closing down its digital asset payment network. Citing a “risk-based decision” as the reason for the move. This action was taken after the bank’s shares dropped by 59% in the previous five days on worries that it would
Bybit, one of the leading cryptocurrency exchanges, said on Saturday that it has temporarily suspended bank transfers of US Dollars. The exchange blamed interruptions in service from its banking partner but did not specify which bank was at fault. Since Silvergate voiced worries about liquidity challenges and difficulty for operations
The market capitalization of all meme tokens suffered serious damage as the prices of Bitcoin (BTC) and Ethereum (ETH) fell by almost 3 percent over the previous week. Yet the crypto whales were quick to purchase the drop, adding a combined total of billions of Shiba Inu Coins to their
Revolut, a London-based fintech startup that facilitates cryptocurrency trading, witnessed a 33% increase in revenue in 2022, according to the company’s chief financial officer. In spite of the bear market in cryptocurrencies last year and generally poor macroeconomic circumstances, it managed to achieve great outcomes. Revolut’s Chief Financial Officer Mikko
This past Friday, Uniswap Labs announced the release of a new mobile wallet, only to have Apple’s App Store block it. This mobile application will be completely autonomous and open-sourced. The group claims they submitted the mobile app months ago, but are still waiting for clearance. Meanwhile, Uniswap Labs made
Tether, a stablecoin issuer, released a statement on Saturday. This was in response to a Wall Street Journal article on the use of phoney paperwork and shell firms to obtain access to traditional financial institutions. The USDT issuer dismissed the news as further false information directed towards it. Tether wrote
While the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) prices declined, Ripple’s native crypto token XRP price surged over 3% in a day. At the time of writing, XRP traded at $0.3754 with a market cap of more than $19 billion, as per CoinMarketCap data. Finally, an end to Ripple’s
Binance has announced that it would be working with law authorities on a new Anti-Scam initiative. The crypto exchange platform released a statement announcing the cooperation, which will see the newly created cyber security measures roll out worldwide. According to the press release, the partnership with the Hong Kong Police
