Crypto.com has been accused of having a potential conflict of interest due to its internal trading team operating as a market maker on its platform, according to a report by the Financial Times. Market makers provide liquidity, which allows users to buy and sell quickly at prevailing market prices, reducing the risk of price fluctuations
admin
4Chan Coin has recorded a significant surge in the last 24 hours, with an increase of 29%. The current price of the meme token stands at $0.000000000000179428, which represents a 1,300% gain in the last 30 days and a 25,000% increase since its launch. The ongoing Reddit blackout, where several forums on the micro-blogging site
Shiba Inu’s (SHIB) price has experienced a minimal change in the past 24 hours, having risen by only 0.3% while the cryptocurrency market slipped slightly by 0.5%. However, SHIB has been one of the best-performing cryptocurrencies of the past week, with a 10% gain in the last seven days. The rally was due to the
BlackRock, the world’s largest asset manager, has made a significant stride towards its involvement in the cryptocurrency industry by filing for a Bitcoin Spot ETF with the US Securities and Exchange Commission. BlackRock’s success rate with the SEC has been unmatched so far, and despite many other companies’ previous applications for such a product failing,
Kaiko, a crypto market data provider, has conducted an analysis which revealed that USD Coin (USDC) has become the most liquid stablecoin on centralized exchanges (CEXs). The asset has approximately $38 million bids preventing a .1% price deviation. USDC’s liquidity is followed by that of Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai
The total market capitalization of the cryptocurrency market declined to $1.02 trillion on June 15, marking its lowest point in three months. However, despite the resilience of the derivatives market and end-of-week price gains amid uncertainty in stablecoins’ reserves, it might be too soon for bulls to celebrate. Over the past few weeks, a bearish
A new report by Coinbase, the largest cryptocurrency exchange in the United States, has highlighted the uncertainty surrounding the impact of Bitcoin halving events on the asset’s performance. While the halving is seen as a positive development as it is believed to enhance Bitcoin’s prospective scarcity and support its supply-demand dynamics, it is difficult to
Bitcoin has experienced two days of consecutive price increases, marking the first time in a while. During this period, the cryptocurrency rose from under $25,000 to almost $27,000. The second-largest crypto, Ethereum (ETH), has also experienced similar performance, as it now sits at $1,750. Most other altcoins are also in the green. Despite this, last
Bitwise Asset Management has submitted a new filing for a proposed rule change that would accommodate its planned Bitcoin spot ETF. This comes after the U.S. Securities and Exchange Commission (SEC) rejected a previous Bitcoin spot ETF application from Bitwise in June 2022. SEC’s Reasons for Rejection The SEC had stated that Bitwise’s ETF could
Binance, the world’s largest cryptocurrency exchange by trading volume, has launched a new tool called “Bitcoin Transaction Accelerator” to enable users to confirm their transactions on the Bitcoin network more quickly, regardless of any potential network congestion issues. The new solution was launched on June 15, and it will only be available for verified Binance
The Weeknd’s “After Hours Til Dawn” global tour is not your typical concert experience. Thanks to a partnership with Binance, fans can expect a full-fledged immersive experience that combines live performance and digital interaction to transform the idea of what a concert can be. At each tour stop, fans can interact with on-site Augmented Reality
Binance, a leading cryptocurrency exchange, has asked Binance.US management to reduce the size of its workforce across the division as it foresees protracted and expensive litigation with the US Securities and Exchange Commission (SEC). In a letter to employees, Binance warned that the litigation with the SEC is likely to be lengthy and costly. The
ZachXBT, a blockchain investigator, has been sued for libel by Jeffrey Huang, also known as “MachiBigBrother” on Twitter. Huang claims that ZachXBT has damaged his reputation through false allegations. ZachXBT responded to the lawsuit by calling it “baseless” and an attempt to chill free speech, pledging to fight back against it. ZachXBT is known for
Do Kwon, co-founder of Terraform Labs, has been arrested in Montenegro and faces possible extradition to both South Korea and the United States for numerous fraud charges. Kwon has been in custody since March of this year, and the Montenegrin authorities are considering extending his detention for another six months to decide on his extradition.
On June 15, Ethereum’s price plummeted by 7%, reaching its lowest level in three months. The altcoin’s drop to $1,620 impacted investors’ perception that it was on track to turn $2,000 into support. Despite its decline, Ethereum’s $196 billion market capitalization remains higher than PetroChina’s $186 billion and close to chipmaker AMD’s $198 billion. Ethereum
Despite a consistent downturn in the Arbitrum governance token ARB since the airdrop in late March, the ecosystem shows healthy growth. A recent report by Nansen shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees, and transaction count have maintained consistently
This week, the crypto market witnessed intense sell pressure due to the US Federal Reserve’s latest monetary policy announcement. Although the Fed paused its interest rate hikes, it was hawkish on the interest rate outlook. Fed Chairman Jerome Powell signaled that more interest rate hikes might be needed later in the year. This guidance shocked
The Texas State Securities Board has taken action against cryptocurrency lending firm Abra by filing an emergency cease and desist order on June 15, 2023. The regulatory agency has accused Abra and its related parties of committing fraud and making misleading statements. The regulator has found that Abra made fraudulent statements by referring to itself
Animoca Brands, a gaming company, has teamed up with NFT platform Rarible to launch a dedicated marketplace for its membership NFT collection called Mocaverse. The Mocaverse Marketplace is built on Rarible Protocol’s decentralized infrastructure and has been authorized by RARI token holders through the RARI Foundation. The primary goal of the marketplace is not just
The governance token of the Curve decentralized autonomous organization (DAO), CRV, suffered a 12% drop on June 15th. This occurred after reports surfaced that the founder, Michael Egorov, had taken out risky loans on Aave. These loans were deposited across multiple decentralized lending protocols and amounted to around $246 million worth of CRV. This accounts
CoinEx, a Hong Kong-based cryptocurrency exchange, has agreed to pay over $600,000 in penalties and refund $1.17 million to its 4,691 New York investors in cryptocurrencies over the next 90 days. This decision was made in compliance with the New York Attorney General Letitia James’ regulations. The Attorney General stated that this agreement would warn
Revive Token ($REVIVE) experienced a successful start to its launch across decentralized exchanges (DEXs) on Wednesday. The token is based on the idea of crypto degens needing to revive their underperforming crypto portfolios. At its peak, $REVIVE reached a market cap of over $1.5 million, with its last trade at around $0.0009, representing a 500%
Michael Egorov, the founder of decentralized exchange (DEX) and automated market maker protocol Curve, has repaid $1.35 million of a loan on the decentralized lending platform, Aave. Egorov made the move as Curve’s native token (CRV), which was used as the loan’s collateral, declined significantly in the past week, reducing the loan’s health factor and
Parcl, a blockchain-powered real estate trading platform, has announced the launch of Austin, Texas, to its growing list of tradable city indexes. The addition of Austin, one of the fastest-growing housing markets in the United States, brings Parcl’s total number of tradable markets to 16, more than doubling its market pool for investors. The platform
Synquote, a new DeFi options platform, has launched and it is using social logins and undercollateralized trading to attract liquidity providers. This protocol is capable of handling large trades with much less slippage than previous options platforms. According to the team, the platform did over $25 million of notional volume during its beta period which
The COTI price has been rapidly declining since the US Security and Exchange Commission (SEC) identified the token as a security. As of writing, COTI, which powers the COTI network, is trading at around $0.043, having lost over 35% of its value since the start of last week. The SEC lawsuit against Binance and Coinbase,
Sweat Economy, a move-to-earn platform, is repurposing over 2 billion $SWEAT tokens, valued at around $10 billion, that were locked up in inactive user wallets. These tokens were locked up in dormant user accounts following a token airdrop event in September 2022. Sweatcoin users who opted into the Web3 move-to-earn’s crypto offering received $SWEAT tokens