Ripple
Bitcoin touches $24,600 as bulls eye best month since October 2021
Bitcoin touched a high of $24,666 on Coinbase to leave the benchmark cryptocurrency on the cusp of its best monthly performance since October 2021.Bitcoin (BTC) rose to highs of $24,666 on US crypto exchange Coinbase on Saturday, hitting...
Babel Finance lost $280 million of customer funds: report
Babel’s losses included 8,000 BTC and 56,000 ETH wiped out in unhedged proprietary trading positions, a proposal deck cited in a recent report detailed.Per details in the proposal, the Babel Finance’s losses came via proprietary trading of 8,000...
CoinFLEX cuts staff amid efforts to trim costs by up to 60%
CoinFLEX co-founders Sudhu Arumugam and Mark Lamb say the goal is to be lean staff-wise and to remain ‘right-sized’ should potential acquisition proposals come in.Crypto exchange CoinFLEX has announced that it has cut its headcount by a significant number...
FDIC says deposit insurance does not apply to crypto
The FDIC says the public should note that deposit insurance does not cover non-bank entities and non-deposit products, including stocks and cryptocurrencies.The Federal Deposit Insurance Corp (FDIC), an independent US agency that insures deposits and helps protect customers...
The ‘macroeconomic situations’ drive adoption into Bitcoin, says Binance CEO
Binance CEO, Changpeng Zhao says Bitcoin has strong support near or at the $20,000 price level, and believes the crypto market is generally likely to see further adoption catalysed by the macroeconomic environment.Basically, noone can tell – it...
Binance successfully integrates TrueUSD (TUSD) TRC20 Network
An example of a cryptocurrency that uses TRC20 or USDT-TRON standard is Tether’s USDT that is launched on the TRON blockchain network.According to the announcement, the TrueUSD (TUSD) TRC20 Network integration will allow Binance to support TRC-20 tokens...
Gensler maintains that crypto exchanges need to register with the SEC
US Securities and Exchange Commission (SEC) Chair Gary Gensler has severally pointed out that cryptocurrency exchanges and trading platforms cannot be treated differently from traditional stock exchanges.And amid the increased regulatory spotlight on crypto, helped by recent events,...
Chainlink price: Analyst painst bullish picture as LINK spikes above $7.00
Chainlink (LINK) price rose sharply on Thursday to break above $7.20 as the crypto market rode positive momentum across risk assets.At the time of writng, LINK/USD was trading near $7.17 with weekly gains now up to 5% and...
Mercedes Benz taps Polygon for a data-sharing platform
The choice of using Polygon adds to the widespread adoption of Polygon across various sectors around the world.The new data sharing platform by Daimler South East Asia will be called Acentrik and will enable enterprises to buy and...
Bitcoin pumps nearly 10% to above $22.5K as Fed hikes rates by 0.75%
Bitcoin (BTC) rose sharply on Wednesday to break above $22,000 as risk appetite resurfaced following the US Federal Reserve’s move to raise interest rates by 75 basis points.BTC was trading around $22,575 at 15:20 pm ET on Wednesday,...
