Tether announced it will coordinate with a third-party exchange to conduct a chain swap as it wants to convert 750 million USDT from Tron to Ethereum ERC20. The total supply of USDT will not change during this process, as per the firm. A chain swap process entails moving cryptocurrencies from one blockchain to another, which...Read More
Leading Decentralized Exchange (DEX) protocol Uniswap announced its upgrade to Uniswap v4 on Tuesday, bringing a host of customizable features to the protocol. The team also open-sourced the protocol’s draft code to invite anybody to build within its ecosystem. Uniswap v4: What’s Inside? As shared by Uniswap Labs, the upgrade’s primary innovation is the inclusion...Read More
Bankrupt lending platform BlockFi needs to conduct updates before enabling customer withdrawals of crypto assets held in its wallet accounts that are not subject to potential preference claims. In an emailed statement to its clients, BlockFi said it should conclude all the necessary “work” to enable customer withdrawals by this summer. The company said it...Read More
Financial trading platform eToro issued new guidelines barring US customers from buying four crypto assets that were recently deemed securities by the United States Securities and Exchange Commission (SEC) in lawsuits against Coinbase and Binance. While eToro did not explicitly cite the securities regulator’s action as the reason for the latest changes in its crypto...Read More
The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good,...Read More
A week after the Securities and Exchange Commission (SEC) filed a civil enforcement action against Binance.US, the crypto exchange has hit back, stating that all of the regulator’s claims are invalid. Binance argued against the SEC for a temporary restraining order on the company, also known as BAM Trading, and said that such an action...Read More
The world of cryptocurrency continues to evolve, bringing with it transformative possibilities and disrupting traditional systems. Among the pioneering tokens-making waves is SPEND Token, a digital currency that is revolutionizing the way consumers make purchases on real-world items. With its seamless integration and user-friendly approach, SPEND Token is empowering individuals with easy access to luxury...Read More
The U.S. Securities and Exchange Commission (SEC) has released its long-awaited internal documents related to former commissioner William Hinman’s speech on digital assets in 2018. The reveal incited fury from Ripple CEO Brad Garlinghouse, who has now accused the SEC of willingly throwing “an entire industry into chaos” by releasing the speech. Hinman Ignored All...Read More
The crypto assets stolen during the Atomic Wallet hack have found their way to the sanctioned Russia-based cryptocurrency exchange Garantex, with the attackers trading the tokens for Bitcoin (BTC). According to a tweet from blockchain analytics provider Elliptic, the hackers, believed to be part of the North Korean notorious Lazarus Group, have turned to Garantex...Read More
A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.” His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that...Read More
The legal battle between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple may soon take a significant turn, as the company’s CEO Brad Garlinghouse has disclosed that the long-expected Hinman documents are “worth the wait.” In a Monday tweet and response to a question by crypto YouTuber Jungle Inc, the chief...Read More
The rapidly shifting dynamics of the cryptocurrency market, notorious for its unpredictable sways and turns, are about to enter a decisive phase. Prominent crypto commentator and analyst MetaManLaw has flagged the next 36 hours as particularly critical for the sector. The next 36 hrs will be critical for crypto. Today 5 pm: @Binance files its...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 13th, 2023] Bybit, the world’s third most visited crypto exchange, is pleased to announce its collaboration with Swiss luxury watch manufacturer Franck Muller. Together, they will create shared campaigns which showcase the synergy between Bybit’s cutting-edge technology and Franck Muller’s timeless craftsmanship. Bybit and Franck Muller will introduce...Read More
[PRESS RELEASE – London, United Kingdom, June 13th, 2023] Chancer, one of the most exciting new Web3 projects of 2023, has officially launched its crypto presale today, 13th June. The project aims to disrupt the betting industry by removing the ‘house’ from the picture and putting the markets firmly back in the hands of the...Read More
Last week, the SEC sued Binance for violations of U.S. securities laws and “years of violative conduct” that allegedly put customers’ funds at risk. Now, the regulatory agency wants to freeze those said funds. Complete Freeze of Assets Requested Since customers’ funds are allegedly at risk, it was only convenient that a complete asset freeze...Read More
JP Morgan has agreed to pay $290 million to settle a class-action lawsuit from the victims of Jeffrey Epstein – the famous American financier and sex offender. The plaintiffs claimed that JP Morgan laundered money and thereby enabled sex trafficking on behalf of Epstein while he was still a client of the bank. JP Morgan...Read More
