The U.S. cryptocurrency industry has seen a surge in tension between the Securities and Exchange Commission (SEC) and Coinbase, one of the leading representatives of the industry. In response, a prominent industry representative has stepped in to help ease the situation.The SEC has been investigating Coinbase for potential violations of securities laws. Coinbase has denied […]
Dogecoin ($DOGE) has seen a sharp drop in its value over the past ten days, with the coin’s price now 25% lower than its July high. Technical analysis from ChatGPT suggests that the coin could drop further, potentially to $0.046 in the near term. Other meme coins, such as Wall Street Memes ($WSM) and Sonik […]
BlockFi, a bankrupt crypto lender, is attempting to recover assets to settle its customers as part of its bankruptcy proceedings. The company is standing firm that its customers should take priority over fellow bankrupt company FTX. BlockFi has objected to FTX’s claims on several grounds, including the fact that it alleges that the latter’s claims […]
Bitcoin prices dropped significantly last week due to a deleveraging event, causing a large number of short-term holders to take a serious toll. According to Glassnode, the short-term holder cost basis has historically offered support during uptrends, but recent data suggests that a significant portion of the supply is currently being held at an unrealized […]
Everlodge is a new blockchain platform that allows people to invest fractionally in luxurious hotels and vacation homes for as low as $100. The platform creates NFTs (non-fungible tokens) against real estate properties, and fractionalizes them. It also offers a Launchpad, wherein real-estate developers can raise capital for their new projects. Additionally, the platform users […]
Bitget, a top cryptocurrency derivatives and copy trading platform, has announced mandatory Know Your Customer (KYC) requirements coming into effect starting September 1, 2023. All new users will be required to complete KYC verification upon registration, while existing clients will have a grace period until September 30. The KYC requirements are intended to improve security […]
Coinbase CEO Brian Armstrong highlighted how Friend.tech, a decentralized social application, is helping to fuel the growth and adoption of his exchange-backed Ethereum (ETH) layer-2 network, Base. The platform has seen remarkable success in its short two weeks of existence, accumulating a total volume of 43,064.8 ETH, equivalent to over $70 million, through 1.8 million […]
Bitcoin’s market volatility has been on the rise, and according to Deribit, a cryptocurrency derivatives exchange, this has been accompanied by an increase in demand for Bitcoin put options. Put options are a type of financial instrument that gives the holder the right, but not the obligation, to sell an asset at a predetermined price […]
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 Securities and Exchange Commission had sued the exchange and its […]
Binance.US has responded to regulatory pressure by transitioning to a crypto-only exchange, replacing USD with USDT as its base asset. To facilitate transactions, the platform has introduced an enhanced Buy & Sell Crypto feature via its mobile app, which enables customers to transact with over 150 supported cryptocurrencies using USDT. Additionally, Binance.US has partnered with […]
