On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. Wells Notices are letters from the SEC outlining potential charges that might be filed against the receiver. After
The total number of Shiba Inu (SHIB) burnt during the previous 24 hours is over 43.19 million. And over 23 million of them come from a single trade. A total of 43,192,603 (43.19M) SHIB have been permanently withdrawn from circulation by the community. In a total of nine separate transactions
On March 3, Silvergate, a cryptocurrency bank, stated that it will be closing down its digital asset payment network. Citing a “risk-based decision” as the reason for the move. This action was taken after the bank’s shares dropped by 59% in the previous five days on worries that it would
The market capitalization of all meme tokens suffered serious damage as the prices of Bitcoin (BTC) and Ethereum (ETH) fell by almost 3 percent over the previous week. Yet the crypto whales were quick to purchase the drop, adding a combined total of billions of Shiba Inu Coins to their
A legal lawsuit against MicroStrategy, an American business intelligence company, was rejected by the Superior Court of the District of Columbia. The lawsuit claimed that MicroStrategy assisted its co-founder, Michael Saylor, in avoiding paying income taxes. A new filing claims that in October, Saylor and MicroStrategy asked the court to
Tether, a stablecoin issuer, released a statement on Saturday. This was in response to a Wall Street Journal article on the use of phoney paperwork and shell firms to obtain access to traditional financial institutions. The USDT issuer dismissed the news as further false information directed towards it. Tether wrote
On Thursday, several cryptocurrency firms issued statements crafted to distance themselves from the crypto-friendly bank Silvergate Capital, whose shares have experienced a dramatic drop following the announcement that the firm would delay the publishing of its annual report and could report additional losses. Recently it was revealed that Coinbase, the
This week, two major UK banks—Nationwide Building Society and HSBC Holdings Plc—tightened restrictions on retail clients’ access to cryptocurrency assets in the wake of recent scandals and regulatory cautions in the sector. The building society advised its clients on Wednesday. That the daily limit for using a debit card to
During the seventh round of the LUNC burn mechanism, the biggest cryptocurrency exchange in the world, Binance, burnt a substantial number of LUNC tokens. At long last, the Terra Luna Classic community may once again enjoy Binance LUNC burns. The burn transaction shows that 8.85 billion Terra Luna Classic (LUNC)
Polygon (MATIC), is one of the most popular Ethereum sidechains. Has released Polygon ID, a web3 identification service that verifies user credentials in a secure manner using blockchain technology. According to the press release, the Polygon ID self-sovereign identity infrastructure stack will help programmers get closer to tackling the issue
