A recent update from the Circle team regarding USDC operations guarantees the removal of backlogs. Additionally, a request for redemption of USDC has also been made, at the EOD of the U.S. banking sector on March 15th. Update: As of close of U.S. banking operations Wednesday, March 15, we have
Sam Bankman-Fried (SBF), the co-founder of the now-defunct cryptocurrency exchange FTX, has reportedly attempted to influence the witnesses. In a recent court document, the U.S. prosecutors declared that the former CEO of FTX tried to persuade a witness in the case being investigated by the US government. In the wake
Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC
The crypto market pioneer Bitcoin (BTC) is surging steadily. The coin has crossed over the $22K limit after four long months. BTC is currently trading at $22,624 at the time of writing. And it is to remember that last time the crypto was in the $22K range during September 2022
A U.S. bankruptcy judge determined on Wednesday that Celsius Network controls the majority of the cryptocurrency that users deposited onto its online platform. This implies that most Celsius users will be last in line for repayment in the crypto lender’s bankruptcy. According to a 45-page petition from the U.S. Bankruptcy
Sam Bankman-Fried, the former CEO of FTX and the well-known crypto personality is set free by the Manhattan federal court. The US district court judge, Gabriel Gorenstein has granted the SBF bail for $250 million, along with further restrictions. SBF’s prior bail was rejected in the Bahamas, where he got
Friday stock market closing depicted around $930 billion liquidity in total. The number of people unemployed or seeking jobs remains 3.5% lower than the projected rate. The global market, both crypto, and the stock have trampled down post the U.S employment rate release. The current rate is alike to the
National Bureau for Economic Research (NBER) is scheduled to analyze the statistics. The Federal Reserve raised interest rates by 75 basis points on Wednesday. The GDP of the United States fell for the second time in a row in the most recent quarter. The US Bureau of Economic Analysis (BEA)
FBI has issued a public warning about fraudulent cryptocurrency apps. According to the FBI, $3.7 million was defrauded from 28 victims. The Federal Bureau of Investigation (FBI) has issued a public alert concerning fake cryptocurrency apps. According to the Securities and Intelligence Agency alert released on July 18, hackers have
According to FCA, U.S and U.K relations on crypto regulation will strengthen. The U.S. and U.K. will regulate stablecoins and investigate CBDCs. Nikhil Rathi, CEO of the U.K. Financial Conduct Authority (FCA), spoke about the FCA’s regulatory objectives on Wednesday at the Peterson Institute for International Economics. The CEO of
