The London-based cryptocurrency platform – Luno – announced that its long-reigning CEO Marcus Swanepoel will step down from his post to become an Executive Chairman. James Lanigan, who previously served as the firm’s Chief Operating Officer, will replace him. The new boss will aim to raise funds from new investors (other than DCG) and prepare...Read More
Treasury Secretary Janet Yellen suggested that her department might be willing to further backstop bank deposits if needed, only one day after seemingly ruling out the possibility. Her comments were followed by brief fluctuations in bank stocks, which then continued their downward daily trend. Are Deposits Backstopped or Not? In her prepared testimony before the...Read More
Telegram has added a new feature enabling users to send each other the world’s largest stablecoin, tether (USDT). USDT runs on several blockchains, but for now, Telegram has added support for the stablecoin only on Tron. According to an update on March 22nd, USDT-TRON – TRC20 – has been added to the popular messaging app’s...Read More
Republican congressman Tom Emmer has introduced more crypto-related legislation – this time to help blockchain developers from unreasonable financial reporting requirements. The new bill may help to correct controversial language within the Biden Administration’s infrastructure bill in late 2021, which could theoretically label a swath of the blockchain \network participants as digital asset “brokers.” Clearing...Read More
Ethereum layer 2 scaling solution Arbitrum has initiated its long-awaited token airdrop, bringing protocol governance rights to the entire community. The governance token, ARB, trades for $1.38 at writing time – falling significantly from when the airdrop began. ARB spiked to $8.67 apiece following its airdrop at 9:05 am ET, before quickly plummeting to nearly...Read More
The much-anticipated Arbitrum ARB governance token airdrop marks the beginning of its transition into a self-executing DAO governance, and the activity on the network has soared to levels never seen before. The Ethereum-layer 2 scaling system that uses Optimistic rollups technology to facilitate faster and cheaper transactions has already been on a roll lately. The...Read More
Market analysts believe the market has bottomed, ready for the next bull leg. In response, investors are back evaluating their portfolios and the market for investment opportunities with the highest potential for maximum returns. Shiba Inu (SHIB) and RenQ Finance (RENQ) are two of the most popular picks among savvy investors. While Shiba Inu (SHIB)...Read More
Do Kwon, the co-founder of Terraform Labs, who has been on the run since the $40 billion collapse of the Terra-Luna ecosystem in May, has been reportedly arrested by the local police in Montenegro. According to a tweet by Montenegro’s minister of interior, Filip Adzic, the police apprehended someone suspected of being Kwon at the...Read More
The Brazilian supermodel Gisele Bündchen said her financial advisers pushed her into investing in the now-bankrupt exchange FTX, describing it as “a sound and great” opportunity. She and her ex-husband – the NFL legend Tom Brady – are among the numerous people who parted with substantial funds due to their involvement with the former crypto...Read More
The banking sector could potentially undergo a much-needed revamp, but until then, investors appear to be scrambling for a safety net. As the traditional financial world is rocked by the Credit Suisse chaos and the failure of a series of US banks, investors have flocked to the largest stablecoin, Tether (USDT). The turmoil has once...Read More
InvestAnswers, a reputable anonymous cryptocurrency strategist, has reported that Bitcoin is currently experiencing an unparalleled marketing campaign. According to the anonymous host of InvestAnswers, who spoke with David Lin in a recent interview, the ongoing banking crisis has caused a surge in the adoption of Bitcoin as a safe haven. [embedded content] This crisis has...Read More
The cryptocurrency exchange – Bitzlato – enabled customers to withdraw up to 50% of their bitcoin funds stuck on the venue. The US Department of Justice (DOJ) closed the firm in January for allegedly processing more than $700 million worth of illegal funds and arrested its founder – Anatoly Legkodymov. Granting Some Access The company revealed...Read More
The Securities and Exchange Commission (SEC) is prepping for official enforcement action against Coinbase – America’s largest cryptocurrency exchange – for selling unregistered securities. The agency issued a Wells Notice against the exchange on Wednesday, following a slew of other investigations and lawsuits launched against Coinbase’s competitors in recent months. Coinbase VS SEC In an...Read More
MetaMask is integrating with crypto fintech platform MoonPay to expand its offering in Nigeria. According to MetaMask developer ConsenSys, Nigeria happens to be one of the major markets for the crypto wallet service globally, ranking third in active mobile users. The latest move to gain a stronger foothold in the country comes in response to...Read More
In addition to our already live futures contract (ARBUSDTM23), BitMEX users will soon be able to trade ARB with up to 50x leverage via two new listings – ARBUSD and ARBUSDT. If you haven’t yet signed up for a BitMEX account, you can do so here. ARBUSD Quanto Contract Specs As with all quanto contracts,...Read More
