The discussion around shortening local settlement cycles within the next five years has led to most securities firms looking into the potential of central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, which ensures all trade-related settlements conclude within 24 hours. The survey […]
Binance.US, a cryptocurrency exchange, has announced a new partnership with MoonPay, a cryptocurrency payments company, to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the exchange switched to a cryptocurrency-only platform after failing to get any banking partner.The breakdown with its banking partners resulted in the exchange’s fiat […]
Bitcoin, the best-performing asset of 2023, recently dropped to a multi-month low of $25,300. Analysts on X (Twitter) have warned that the asset could fall further, potentially to $12,500. This could be determined by two metrics: the Volume Weighted Average Price (VWAP) and the Volume Profile Visible Range (VPVR).VWAP works similarly to the Realized Price […]
Binance, the world’s leading cryptocurrency exchange, is facing allegations of operational ties in Russia, according to a report from the Wall Street Journal. Despite Binance’s confirmation of a reduction in its Russian operations to comply with European Union sanctions, data suggests that the exchange still has a persistent ruble trading presence on its platform. This […]
A phishing attack on Terra blockchain’s website has caused the company to freeze its website until all issues have been resolved. Terra warned users not to interact with any site using the terra(dot)money domain and asked customers to steer clear of the sites until the matter was resolved. Terraform Labs has appointed Chris Amani as […]
Cookielabs, a Swiss-based firm, is set to revolutionize the cryptocurrency trading landscape with its new platform. This platform combines the best features of Centralized Exchanges (CEX) and Decentralized Exchanges (DEX), offering traders an unparalleled experience. It provides users with in-depth research, cutting-edge analytics, and reliable trading.The anticipation surrounding this platform is high, and its public […]
Bitcoin miners appear to be unfazed by the 10% drop in BTC/USD last week, as difficulty and hash rate have both hit new all-time highs. Difficulty increased by 6.17% at its latest biweekly automated readjustment, and is expected to reach over 56 trillion at the next readjustment. Hash rate is also challenging existing all-time highs […]
John Reed Stark, a former SEC enforcement official, has been vocal for months about his speculation that the US Department of Justice (DOJ) is about to take action against Binance. His latest claim is based on a Wall Street Journal report that reveals the exchange’s connections with sanctioned banks and its involvement in large-scale ruble-to-crypto […]
Shiba Inu recently released the Shiba Inu World Paper, also known as the SHIBPaper, which provides detailed insights into the entire Shiba Inu project. This includes its services, products, partners, platforms, and ecosystem tokens. The paper also introduces a novel concept known as the Shiba Inu state, which aims to introduce a layer of trust […]
Titan Global Capital Management USA LLC has been accused of misleading investors by the SEC. The company allegedly advertised a hypothetical performance of their services leading to annualized gains as high as 2,700%, which was based on performances recorded over three weeks. They also used improper hedge clauses, customer signatures without their consent, and misled […]
