More than $3.7 billion was traded on Robinhood’s platform for cryptocurrencies in the last month, marking a 95% increase compared to December 2022. The company saw a decline in cryptocurrency sales after a strong start to the year due to the 2022 bear market. Compared to their values at the
Binance, a cryptocurrency exchange, has minted roughly $50 million worth of TrueUSD in only a few days after news surfaced that US regulators were looking into Paxos and Binance USD. According to Etherscan, the transaction occurred on February 16 and came only two days after Binance CEO Changpeng Zhao “CZ”
Regulation authorities in Canada are preparing to impose tighter laws for exchanges in the nation, only days after the U.S. Securities and Exchange Commission (SEC) imposed limitations on crypto-related activity. The Canadian Securities Administrators (CSA) are said to be drafting new regulations. That cryptocurrency exchanges operating in Canada will have
The cryptocurrency market is going through an “Alameda gap,” where several projects are delaying their token releases. It is because of the lack of liquidity despite rising bitcoin (BTC) and ether (ETH) prices. The number of new coin applications decreased during 2022, from 10,264 in the first quarter to 6,350
The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its founder, Do Kwon, for misleading investors in what the commission called a “multibillion-dollar fraud”. SEC claimed in its court filing in the Southern District of New York that, since beginning in April 2018, Kwon sold a range
According to a statement issued today, Norwegian police have recovered stolen cryptocurrencies worth 60 million krone (almost $5.9 million). As part of an investigation into an assault on Sky Mavis and its game Axie Infinity last year. According to the official announcement, this is one of the greatest seizures in
SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced its multichain expansion to provide support for Arbitrum, Optimism, and Cosmos. Starting today, users across these chains are now equipped with CoinTracker’s seamless crypto tax filing and portfolio tracking solution. The expanded support aims
The IOTA cryptocurrency is being combined with the power of Artificial Intelligence (AI).This is a technological tool that has been revolutionizing the way we interact with machines and devices. This combination has people wondering, “How high can IOTA go?” With the potential for automated decision-making, data analysis, and predictive forecasting,
The crypto market seems to recover since the start of 2023. Also, the global cryptocurrency market cap has surged over 8.5% to $1.17 trillion in the last 24 hours. And some significant cryptocurrencies have constantly appeared in the top trending list due to their popularity and strong network credibility. Let’s
Bitcoin trading on DBS Digital Exchange (DDEx), the cryptocurrency exchange arm of Singapore’s DBS Group Holdings, increased exponentially in 2022 despite the winter’s wipeout of billions of dollars in market value. Bloomberg claims that Bitcoin trading volume on the exchange increased by 80% year over year. Bitcoins held in DDEx’s
