Citi Downgrades Robinhood’s Stocks
The analyst said the timeline is “uncertain” at this point.Shares of HOOD had their price objective cut by Christopher Allen and Ygal Arounian. Robinhood Markets (HOOD) stock was downgraded from…
USDT Stablecoin Issuer Tether plan to end Loans by 2023
As of September 30th, the company claims that it has loaned out $6.1 billion. The company’s total assets surpassed $68 billion in the third quarter alone. In light of the…
Binance CEO CZ Calls Huge Withdrawals Business as Usual
A total of 40,353 Bitcoins and 278,017 Ether tokens were withdrawn. Binance’s native cryptocurrency BNB Coin dropped by 5 percent on Tuesday. On Monday, reports surfaced that the U.S. Department…
Apple Forced To Permit Third-Party App Stores Installation on iOS
The significant change in Apple’s App Store policies would apply only within the EU. Apple implemented strict guidelines for NFT apps on October 24, 2022.It’s been a long since tech…
Binance U.S launch Binance Pay Service For U.S Users
The service went into beta internationally in February 2021 for peer-to-peer payments.The exchange clarified that all Pay transactions would be free of any gas or fees.After being available to clients…
FTX Trade investors Assets for Margin Trading at Alameda said Bankruptcy Lawyer
John Ray confirmed what many industry leaders expect, and what Sam Bankman-Fried has avoided directly stating.FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee…
FTX Founder Sam Bankman-Fried Denied Bail by Bahamas Authority
Sam Bankman-Fried has been denied bail by a judge in the Bahamas. The judge has issued an extradition hearing for February 8th. Sam Bankman-Fried, the founder of the bankrupt crypto…
Crypto Market Rallies as U.S Inflation Drops to 7.1% For November
The US consumer price index drops from October’s 7.7% to November’s 7.1%. The inflation statistics sent the price of bitcoin (BTC) soaring by more than 6 percent. The publication of…
MakerDAO Relaunches DAI Savings Rate With Hiked Interest Rate
Decentralized and tied to the US dollar, DAI is MakerDAO’s stablecoin. To raise the interest rate by 100 basis points was approved by a majority of voters. MakerDAO is reintroducing…
Binance blocked Withdrawals Of USDC coins As panicked Investors withdrew $2Billion over doubts.
Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds Binance has temporarily paused withdrawals of a major stablecoin after customers pulled over $2…