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Search Results for: Cryptocurrency

Baby Doge Coin Burn Launch in Less Than 24 Hours

Baby Doge Coin (BABYDOGE) is emerging as the third top memecoin in the crypto industry. The market capitalization held by the overall memecoins equals $20.8 million, with a 2.2% increase in the last 24 hours. Whereas Dogecoin and Shiba Inu cumulatively hold $19,350,710,336.  As for the memecoins trading volume, it

February 13, 2023 2 mins read

SEC to File Lawsuit Against Paxos for Issuing Binance USD

The U.S. Securities and Exchange Commission (SEC) intends to file a suit against Paxos, the firm that developed the Binance USD (BUSD) and Pax Dollar (USDP) tokens, over the latter stablecoin. The SEC allegedly wrote to Paxos. The regulator alerted Paxos to “possible enforcement action” in the letter. BUSD is

February 13, 2023 1 min read

Abkhazia Authorities Crackdown on Illicit Crypto Mining Operations

Ministry of Internal Affairs of the partially recognized republic in northeastern Georgia said in a news release that police in Abkhazia are conducting daily searches to detect mining operations. That have been illegally linked to the power grid and examine previously shut down crypto farms. To prevent the import of

February 12, 2023 1 min read

Coinbase’s Chief Legal Officer Claims Staking Services Not Securities

The SEC’s recent move to investigate some crypto staking offerings in the United States has captured the attention of the global cryptocurrency community. After Kraken’s settlement with the government. Many people expected Coinbase to have to do the same, thus the biggest US-based exchange decided to speak out. Paul Grewal,

February 12, 2023 1 min read

IMF Calls For Addressing of Risks Post Assessment of El Salvador

The International Monetary Fund (IMF) issued a final report on the economy of El Salvador on February 10, 2023. From January 30th to February 8th, the IMF conducted an Article IV consultation with the government of El Salvador. The IMF warns that “risks should be addressed” as it relates to

February 12, 2023 1 min read

South Korea Imposes Sanctions on North Korean Groups Over Crypto Thefts

To counter cryptocurrency theft and cyberattacks from North Korea, South Korea has declared its first set of unilateral restrictions. As reported by the Seoul Ministry of Foreign Affairs. Four North Korean people and seven firms have been blacklisted for their suspected participation in cyberattacks and crypto theft. Notable people including

February 12, 2023 1 min read

Ravencoin Price Prediction 2023 – Will RVN Hit $0.3 Soon?

In Ravencoin (RVN) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about RVN to analyze the future movement of the cryptocurrency.  Ravencoin (RVN) Current Market Status Current Price $0.02768251 24 – Hour Trading Volume $13,750,665 24 – Hour Price Change 5.9% Down Circulating Supply 11,907,968,088

February 12, 2023 8 mins read

Tron Network Generated $48 Million in Revenue in Q4 2022

Financial data analytic firm Messari said that in the fourth quarter of 2022, the blockchain platform Tron Network produced $47.9 million in revenue, up 25% from the previous quarter. Additionally, the company saw an a increase in daily active addresses and daily transactions. Most recently, Messari detailed how the cryptocurrency

February 12, 2023 1 min read

Brazil’s Banco do Brasil Now Allows Tax Payments in Crypto

To make paying taxes easier, a prominent Brazilian bank is now accepting cryptocurrency payments. Banco do Brasil, a major Brazilian financial institution said in a press release on February 11 that it has partnered with Bitfy. The latter is a cryptocurrency exchange established in Brazil. The duo plan to make

February 12, 2023 1 min read

Crypto Exchange Binance Withdraws Tron Network Withdrawal Fees Hike

As a result of user criticism, the biggest cryptocurrency exchange by trading volume stated on Saturday that it has restored previously-set withdrawal limitations on the Tron network. After the Tron DAO voted to change the energy pricing technique used on the network, Binance announced that it will be increasing fees.

February 12, 2023 1 min read