The newest Twitter Poll by Elon Musk asked whether he should resign as Twitter’s CEO, and the result sent Dogecoin’s price down more than 10% today and almost 16% in the last 7 days, to its current trading level of $0.07. Recent events have been devastating for the cryptocurrency market
The substantial reduction in the Shiba Inu (SHIB) circulating supply has been caused by the quantity of SHIB burnt in the recent hour. More tokens have been burnt in the past 24 hours than in the previous day. The Shibburn community burnt 1,500,000 SHIB tokens in a single transaction in
The Prudential Treatment of Cryptoasset Exposure Report, December 2022, was recently published by the Bank for International Settlements (BIS). According to the latest policy announcement, financial institutions may now keep 2% of their reserves in cryptocurrency. The new policy, which allows banks to store 2% of their reserves in cryptocurrency,
Separating the Terra Classic (LUNC) community from Terraform Labs and Do Kwon. As proposed by the Terra Rebels in their contentious Proposal 11030, seems to be turning into reality. In fact, as Jared of TFL pointed out before, splitting Terra Classic apart from Terra (LUNA) is the best option. Since
In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening
Chinese police in the Mongolian city of Tonglio have reported the arrest of 63 persons. For their role in a $1.7 billion cryptocurrency money laundering scheme that used the Tether stablecoin. According to the official statement released by law enforcement. The probe was initiated when a local bank saw a
Early on Monday, Justin Sun said on Twitter that he had swapped over $773,000 worth of Tron’s native stablecoin USDD. Sun said that he has converted over $200,000 worth of USDC. And $570,000 worth of USDT to the stable currency USDD. Although it is supposed to be pegged to the
Proof-of-concept for a wallet that may store a Central Bank Digital Currency (CBDC) is being sought by the Bank of England (BOE). The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. A platform for government agencies to offer digital project work, on the 9th of
On Thursday, the Ren Protocol team advised users of the Alameda-backed cryptocurrency that they may lose their funds if they did not take quick action. According to the cross-chain bridge, the Ren 2.0 update to the current product (Ren 1.0) could not be backwards compatible. To avoid “losing them,” Ren
The Terra Rebels’ official Proposal 11030 for Terra Classic has been submitted to the community for a vote. The plan will allow Terra Rebels to withdraw 937,500,000 LUNC tokens from the community pool, at a value of $150,000, to use in the creation of Rebel Station. Moreover, the LUNC group
