In the eighth round of the LUNC burn mechanism, the biggest cryptocurrency exchange in the world, Binance, burned 1.6 billion LUNC tokens. Binance is responsible for 58% of the total LUNC tokens burnt by the Terra Luna Classic community, which is about 52.5 billion. The eighth release of the LUNC
Ripple (XRP) reached $0.50 for the first time since November 2022. Whale Alert, a tracker, and analyzer of cryptocurrency transactions reported that there is a notable increase in the XRP’s whale transactions. According to Whale Alert, there are 306,063,627 XRP transferred to several accounts within five transactions in the last
The United States Commodity Futures Trading Commission (CFTC) has launched a lawsuit against Binance, the biggest cryptocurrency exchange in the world, and its CEO “CZ,” alleging that they have broken regulations pertaining to cryptocurrency trading and derivatives. When combined with the increased attention and crypto governmental crackdowns that followed FTX’s
Arbitrum’s native lending protocol, Radiant Capital, is analogous to other popular protocols like AAVE and Compound. Unlike more conventional lending protocols, however, Radiant’s lending service is cross-chain enabled. Collateral posted on chain A may be used as security for a loan on chain B. Radiant’s scalability in terms of blockchains
Whale Alert, the tracker and analyzer of cryptocurrency transactions across the blockchain, initially spotted a large amount of Ripple (XRP) transactions to several accounts that happened in the last 24 hours. Several crypto whales moved a large amount of XRP as the embattled crypto asset experienced one of the most
The social dominance of XRP, the cryptocurrency linked to Ripple Labs, has significantly increased recently. Following that, the XRP token has surged over 12% in the last 24 hours to hit a ten-month high of $0.55. This is the first time since May 08, 2022, XRP has achieved this feat.
Bankrupt cryptocurrency lender Voyager Digital had its $1.3 billion asset sale to Binance U.S. put on hold by a federal court on Monday, March 27. This comes on the heels of a lawsuit filed against Binance and its founder CZ by the Commodity Futures Trading Commission (CFTC) for violating federal
The crypto regulatory landscape is witnessing the most crucial disputes of all time. On Monday, the US Commodity Futures and Trading Commission (CFTC) pulled Binance into a lawsuit, accusing the exchange’s compliance system — calling it a “sham.” Markedly, Binance CEO Changpeng Zhao (CZ) recorded his reply to the regulator
The U.S. regulatory crackdown on the crypto sector continues with the latest being Binance. The biggest cryptocurrency exchange, Binance Holdings Ltd., and its CEO, Changpeng “CZ” Zhao, have been sued by the U.S. Commodity Futures Trading Commission (CFTC) for allegedly breaking trading and derivatives rules. On Monday, the CFTC filed
The cryptocurrency exchange Binance said on Monday that it will be opening a new regional center in Georgia. This is in line with its effort to increase talent acquisition, promote blockchain education, and speed up cryptocurrency adoption in Eastern Europe and Western Asia area. After announcing a series of strategic
