U.S FTC Opposes Activision Blizzard Acquisition by Microsoft
The FTC claims Microsoft would gain an unfair edge in the gaming sector. If the case prevails, it will slow down Microsoft’s expansion into the metaverse. A lawsuit to prevent…
PayPal Launches Crypto Services in Luxembourg
In 2020, PayPal began offering cryptocurrency support in the United States. The firm is dedicated to collaborating closely with Luxembourg’s politicians and authorities. In what seems to be an effort…
Crypto Exchange Coinbase Advises Users To Convert USDT to USDC
Coinbase posted a blog encouraging people to convert their USDT to USDC at no cost. The exchange implicitly targeted Tether (USDT) for the adequacy of its reserves.Coinbase, a cryptocurrency exchange,…
U.S Binance Waves Off Trading Fee on Ethereum Pairs
Binance US mainly targets customers in the United States, as the name would imply. The removal of fees for Bitcoin and Ethereum solidifies Binance’s position.The “zero fee price model” offered…
Court instruct Celsius Network to refund $44M in Cryptocurrencies
Judge Martin Glenn’s decision, would affect a very tiny portion of the total client money. Just 15,680 consumers held around $43.87 million in “Pure Custody.” An American bankruptcy court overseeing…
CEO of Coinbase forecast Drastic Fall in Crypto Sales This Year
According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Armstrong’s estimate is in line with analysts’ projections of $3.2 billion.Coinbase, a major cryptocurrency exchange, expects sales to…
Goldman Sachs wants to Invest Millions in Crypto Businesses due to FTX crash
Goldman Sachs sees some “really interesting opportunities” in the crypto industry following the FTX meltdown, McDermott said.The American multinational investment bank – Goldman Sachs – intends to spend tens of…
Senator Lummis says she now Believes Ether is a Security
Both Lummis and CFTC chair Rostin Benham have flipped stances on Ether’s status as a commodity.Yet another US politician at the center of crypto industry regulation has changed stances on…
Binance US Drops All Ethereum-USD Trading Fees Just Like Bitcoin
Users can now freely trade ETH for US dollars or any of the three top stablecoins. Binance US – the American branch of the world’s largest crypto exchange – has…
Bankrupt Crypto Lender ‘Celsius’ Granted Extension by Court
Celsius has a few more months to submit a Chapter 11 reorganization plan. The crypto lending firm had declared bankruptcy on July 13. The exclusivity period for defunct cryptocurrency lender…