Bank of International Settlements (BIS) Flags Concerns Over Stablecoins
The report highlights the critical need for regulatory attention to address the unique dangers.The research raises serious concerns regarding the viability of stablecoins in the real world.A new research report…
Tether to Infuse $500 Million Into Bitcoin Mining as Part of Expansion Plans.
Tether’s Paolo Ardoino said the company is not in a hurry to be the world’s biggest bitcoin miner.Major stablecoin issuer Tether is looking to inject $500 million into bitcoin mining…
South Korea’s National Pension Service Buys $19.9M Worth Coinbase Shares.
NPS takes its first tentative steps into the fast-growing cryptocurrency sector.Coinbase has lately shown a considerable spike in its business statistics.The National Pension Service (NPS) of South Korea, the third…
Crypto App Strike Expands Global Reach with Strategic Expansion.
Jack Maller led Strike is teaming with crypto payments business Bitrefill.Users in countries other than the United States may now use the Send Globally feature.On Thursday, the cryptocurrency app Strike…
Ethereum Battles $2k Despite BlackRock ETH ETF Filling.
BlackRock files for Ethereum ETF with the SEC following the registration of iShares Ethereum Trust in Delaware.Ethereum’s price falls from $2,000 to $1,970, not meeting anticipated gains.Asset management giant BlackRock…
Bitcoin Faces Steep Correction After Failing to Break Above $38k.
The price of Bitcoin yet again made a failed attempt to cross over $38,000 yesterday. At the time of writing, Bitcoin is trading at $36,251, down 2.51% in the last…
Crypto Market Experience Rapid Growth Because of South Korean Traders.
South Korea To Freeze North Korea’s Crypto FundsOver the last two months, traders from South Korea have played a major role in driving significant growth in the global cryptocurrency market…
Judge Dismisses Class Action Lawsuit Against Tether and Bitfinex
Dolifka filed the class suit against Tether in October 2021, accusing the company of misleading customers regarding the attributes of USDT.A United States judge has concluded the dismissal of a…
Ethereum Makes a Comeback After Facing Severe Selling Pressure
At the time of writing, Ethereum is trading at $2044, up 2.94% in the last 24 hours. The ETH price recently found support at $1950 after facing intense selling pressure.A…
Mutant Ape Planet Founder Pleads Guilty of Conspiracy to Commit Wire Fraud.
The founder of the ill-fated NFT collection admitted to intentionally defrauding investors with fake promises.Last year, French national Michel Aurelien, who was inspired by the BAYC collections’ success, founded the…