Binance’s US subsidiary announced receiving its Money Transmitter License from the Nevada Department of Business and Industry, Financial Institutions Division. The latest move is part of the company’s plans to offer its fully regulated services in all of America’s 50 states and territories. Speaking about the license approval, Brian Shroder, Chief Executive Officer of Binance...Read More
The Securities and Exchange Commission of Thailand (Thai SEC) has asked crypto investors in the country to be careful with DeFi transactions, terming them risky. The watchdog argued that local regulators have no control over the up-and-coming industry. Popular but Not Full-Proof In a statement on Wednesday, the financial and capital markets watchdog said DeFi...Read More
Cardano co-founder Charles Hoskinson has responded to critics who claim that the Vasil hard fork is being rushed after a critical bug was identified in version 1.35.2, which was supposed to be used for the upgrade. Hoskinson noted that everyone, including the network’s stake pool operators (SPOs), has thoroughly tested the code for months. He...Read More
The Seychelles-based cryptocurrency exchange Huobi has provided a timeline explaining its actions during HUSD’s de-pegging event on Thursday. The exchange confirmed that the problem began with the stablecoin’s issuer. According to a tweet from Huobi, the firm detected “unusual price fluctuations” from its namesake stablecoin at 10:05 UTC on August 18. Within five minutes, Huobi...Read More
It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the third quarter of the year for some. Bitcoin price successfully broke out before facing rejection near...Read More
In the midst of Crypto bloodbath, a popular crypto analysts and traders is predicting a bullish outcome for one of the well-known Ethereum (ETH) competitors. An anonymous trader who is known as Guy, a host at Coin Bureau informs his 2.09 million Youtube followers that he is of the opinion that Solana (SOL), a layer-1...Read More
At the time of publication, along with other major cryptocurrencies, Cardano has plunged by 13.97% in the last 24hrs and is now trading at $0.465. ADA, Cardano Blockchain’s native currency, is now selling at freshly formed monthly lows, just above the July lows of $0.45. This massive pullback has caused panic in the Cardano community...Read More
Tokyo-based online financial services company SBI Holdings will shut down its crypto mining operations in Siberia, Russia. The company argued that the war between Russia and Ukraine is among the reasons behind this decision. Pullout From Siberia The pullout decision was taken in view of the geopolitical uncertainty due to the ongoing Russia-Ukraine war and...Read More
Abstract: In this piece we discuss the degree of censorship resistance in Ethereum after the merge, in the context of the recent decision by the United States Treasury’s Office of Foreign Assets Control (OFAC) to sanction the Tornado Cash contract on Ethereum. This report focuses on the technical characteristics and specifications of the Proof of...Read More
In the wake of a statement by Hodlnaut confirming its request for judicial management on the 16th of August, the distressed platform has updated its original announcement providing more context on the matter. In a blog post published on the 19th of August, a spokesperson for Hodlnaut said the firm had to decrease interest rates...Read More
Non-fungible tokens (NFTs) stormed into the world with the purpose of tokenization of value accruing from lifestyle trends in culture, art, music, digital solutions, and even fashion. Coupled with the rise of cryptocurrencies, NFTs have become a force to be reckoned with as far as investments in digital assets go. The sale of NFTs hit...Read More
One of the largest derivatives marketplace, Chicago Mercantile Exchange (CME), announced plans to launch options on Ether futures on September 12th, subject to regulatory review. The new product release comes as CME Group recorded 1.8 million Ether futures contracts traded to date. With the highly anticipated Ethereum Merge nearing, Tim McCourt – Global Head of...Read More
On August 18, MercadoLibre Inc, a multinational e-commerce company based in Latin America, announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in its loyalty program. As reported by Reuters, the cryptocurrency will run on the Ethereum network as an ERC-20 token priced at $0.10 each. It will be used primarily...Read More
