In a recent revelation, Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in America, disclosed that the company was asked by the Securities and Exchange Commission (SEC) to halt trading on all cryptocurrencies except for Bitcoin before facing a lawsuit in June. Armstrong claimed that complying with this request would have been catastrophic for the entire crypto industry in the United States.
Binance Embraces Lightning: Faster and Cheaper Bitcoin Transactions Now Available
Binance, one of the leading cryptocurrency exchanges in the world, has announced the completion of the integration of the Bitcoin Lightning Network onto its platform. This integration allows Binance users to utilize the layer-2 scaling solution for Bitcoin withdrawals and deposits, providing them with faster and cheaper transactions.
Binance Faces Regulatory Challenges: Quits Netherlands and Investigated in France Amidst Growing Global Scrutiny
Binance, the world’s largest cryptocurrency exchange, is facing multiple setbacks as it announces its exit from the Netherlands and comes under investigation by French prosecutors. These developments add to the mounting problems the company is already facing in the United States.
Bitcoin’s First Losing Month of the Year: Cryptocurrency Falls Ahead of Debt Ceiling Vote
In a turn of events for the crypto market, Bitcoin experienced a decline on Wednesday, marking its first down month of the year. The optimism that had fueled a rally surrounding the debt ceiling began to fizzle, causing the leading cryptocurrency to lose 2.77% and trade at $27,057.81, according to Coin Metrics. Ether, the second-largest cryptocurrency by market capitalization, also slipped 2.2% to $1,865.82.
Hotbit Ceases Operations as Centralized Exchanges Struggle to Adapt in a Changing Crypto Landscape
Hotbit, a Shanghai-based cryptocurrency exchange, has recently made a surprising announcement that it will be ceasing all operations starting May 22. The decision comes as the platform believes that centralized exchanges are “becoming increasingly cumbersome” and are unlikely to meet long-term trends in the crypto industry.
EU Parliament Approves Landmark Crypto Regulations: MiCA and Transfer of Funds Rules
The European Union (EU) Parliament has taken a significant step towards regulating cryptocurrencies by approving new crypto licensing and transfer of funds rules.
Most popular technical terms in Crypto you should know about
Cryptocurrencies and blockchain technology have taken the world by storm in recent years. This innovative technology has brought with it a whole new language of technical terms that can be confusing to newcomers. In this article, we will explain the most popular technical terms in the world of crypto.
Paxos to Halt Binance USD Minting at NYDFS’s Request Amid Regulatory Uncertainty
Paxos, a stablecoin issuer, has announced that it will stop producing new Binance USD (BUSD) tokens following the request of the New York Department of Financial Services (NYDFS).
The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.
A report from Bloomberg on November 22 states that Genesis has $2.8 billion in unpaid debts on its balance sheet, with over 30% of those loans going to “related parties” such as its parent business Digital Currency Group and its affiliate and lending unit, Genesis Global Trading.
The Bahamian government is rumored to have connections with the FTX hacker’s dump of 50,000 ETH in exchange for BTC
The domino effects do not seem to end with the FTX exchange crisis as this exchange shows evidence of hacker attacks which drained large amounts of ETH in exchange for BTC.
