Cryptocurrency adoption and acceptance have increased the phase and broken down various barriers and stereotypes. The phrase ‘Banking the Unbanked’ is becoming the existential truth. As per stats from DataReportal in 2022, one in ten working-age people is holding or using cryptocurrency. One similar image with such a record is
KuCoin 2022 reports $23 billion daily trading volume in futures market, $12 billion in spot trading market, and 27 million total users. VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, a top 5 global crypto exchange, has released its yearly review report highlighting its main metrics and achievements in 2022. KuCoin’s guiding operational principle is
Hong Kong-origin crypto exchange Bitzlato is shut down by the trio-union regulators – the US Department of Justice, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and French Law Enforcement. As per charges, the exchange is subjected to international enforcement action against money laundering and crypto crimes. U.S. Attorney Breon
Australia’s second native currency-backed stablecoin is going to be live soon, as regulated banks around the globe are turning their focus over the stablecoins. National Australia Bank (NAB) has developed an AUDN, having a one-to-one peg with the Australian dollar. Australia and New Zealand Banking Group Limited (ANZ) released the
The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it as a security. The series of hearings are already underway, and Ripple CEO Brad Garlinghuse has claimed that the disagreement
The cryptocurrency exchange FTX collapse called the commissioner of the Commodity Futures Trading Commission (CFTC) to stop allowing crypto exchanges to “self-certify” and list tokens in an unregulated way. CFTC commissioner Christy Goldsmith Romero stated that; I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing,
According to reports, Genesis , a cryptocurrency lender, plans to file for bankruptcy as early as this week. Since FTX’s demise and bankruptcy in November, bankruptcy filing has been expected. As per certain sources, Genesis was discussing a prepackaged bankruptcy plan with its creditors, which would entail striking a restructuring
Crypto firms and platforms have demonstrated their positive stamina despite the bearish market conditions that witnessed the negative trends of significant cryptos such as Bitcoin and Ethereum. The listing of new coins and tokens has been kept alive by exchanges that create more liquidity in the market. This will help
Bitcoin (BTC), the most valuable cryptocurrency measured by market cap, is unstoppable, recently its market cap has increased. Because of the tremendous influx of capital, the market capitalization of the scarce cryptocurrency has recently surpassed that of several big publicly traded firms, and even fiat currencies. According to a Twitter
On Monday, an unnamed trader who goes by the handle “Pokeee” paid over $1 million to “sweep” 69 DeGods NFTs. Using a technology that allows purchasers to “sweep the floor,” or acquire a specified amount of NFTs, Pokeee acquired the NFTs from a project via the Magic Eden marketplace. To
