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A total of 40,353 Bitcoins and 278,017 Ether tokens were withdrawn.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…
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…
NFT Avatars Minted on Reddit Milestone now past 5 Million
The project has over 4.25 million distinct wallets with around 3.95M users. Reddit announced that it would provide NFT avatars in July.Reddit’s foray into tokenized avatars has been a ray…
Chinese government discover $1.7B Money Laundering in Crypto
The Chinese government was able to seize a total of 130 million Chinese yuan. The probe was initiated when a local bank saw a dramatic increase in deposits.Chinese police in…
Argo Blockchain in need of Funds Desperately and Seeking it To Survive
Argo disclosed selling part of the Bitcoin it had mined during the market downturn.The firm said it was back in business on the LSE as of December 12. In an…
Sam Bankman Fried locked up by Bahamas Police Force
Sam Bankman Fried has been arrested by the Royal Bahamas police force.SBF was arrested when the US government filed criminal charges against him.Sam Bankman Fried, the CEO of the shuttered…
Microsoft To acquire 4% Stake in London Stock Exchange Group
The exchange will be able to use Microsoft’s cloud and data analytics services going forward. The major stock exchange said they anticipate the agreement to boost their revenue.Microsoft, a titan…
Bank of England Seeks Proof of Concept Wallet For CBDC
The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. The proof-of-concept was given a budget of £244,500 (around $244,500).Proof-of-concept for a wallet that may store…