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Category: News

Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes

Posted on September 22, 2023 By Caden
Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes

Tether, the company behind the issuance of USDT , the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their customers” while facing “significant challenges,” with…

Read More “Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes” »

Crypto, crypto lending, Cryptocurrency, News, Stablecoins, Tether (USDT)

Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?

Posted on September 6, 2023 By Caden
Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?

This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of a hard fork to add a small tail…

Read More “Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?” »

21 million, alteration, Bitcoin, Blockchain, buzzing, cap controversy, Change, coin count, community, crypto cap, crypto discourse, Cryptocurrency, debate, Digital Currency, discussions, fixed supply, Limit, modification, News, potential, Speculation, Supply Cap, supply debate

Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

Posted on September 4, 2023 By Caden
Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly received more than $1 billion in cash transfers in the year before FTX’s collapse. FTX Bankruptcy…

Read More “Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records” »

Alameda Research, Bankruptcy, cash transfers, ceo, crypto community, Fraud Charges, ftx, insiders, lavish spending, News, plea deals, political donations, Real estate, Sam Bankman-Fried, Samuel Trabucco, whereabouts, Yacht

Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024

Posted on August 16, 2023 By Caden
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024

In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free to liquidate their digital holdings whenever they wish. Paypal…

Read More “Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024” »

alert, Compliance, Cryptocurrency, Digital Currencies, digital payment, FCA, Financial Conduct Authority, Global, hiatus, inconvenience, market, News, Payments Giant, Paypal, PYUSD, Regulations, Regulators, resumption, Stablecoin, suspension, transactions, U.S. dollar, uk

Securities Commission Cancels FTX Australia’s License

Posted on July 21, 2023 By Caden
Securities Commission Cancels FTX Australia’s License

Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License of Crypto Exchange FTX Subsidiary The Australian Securities and Investments Commission (ASIC) announced…

Read More “Securities Commission Cancels FTX Australia’s License” »

AFS, ASIC, Australia, australian, Bankruptcy, cancelation, cancellation, commission, crypto exchange, Exchange, Financial Services, ftx, License, News, regulator, securities regulator, suspension

Crypto Turmoil: Market Slump, Heavy Liquidations, and Unexpected Gainers

Posted on July 18, 2023 By Caden
Crypto Turmoil: Market Slump, Heavy Liquidations, and Unexpected Gainers

In a volatile twist, the cryptocurrency market experienced a 0.82% decrease in value within the last day, descending to $1.2 trillion. This transpired as bitcoin (BTC ) faced unstable conditions, dropping below the crucial $30K mark on Tuesday. Crypto Market in Flux Throughout this chaotic 24-hour period, leveraged digital asset traders observed a colossal liquidation…

Read More “Crypto Turmoil: Market Slump, Heavy Liquidations, and Unexpected Gainers” »

1inch, Apecoin, Bear, Bearish, Bitcoin, Bitdao, Bitfinex Alpha Report, Bullish Market, Chainlink, Cryptocurrency, Gainers, Leveraged Trading, Liquidation, loss, market decline, News, Solana, sui, Terra Classic, volatility, XDC Network

Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina

Posted on June 30, 2023 By Caden
Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina

Javier Milei, a liberal presidential candidate in Argentina, stated recently that he has the funds needed for the dollarization of the country at the current market prices. Milei noted that his team had signed an NDA (non-disclosure agreement) with unknown third parties that would provide the liquidity needed to close the Central Bank of Argentina….

Read More “Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina” »

Argentina, Criticism, dollarization, javier milei, News, Presidential candidate, presidential election, Sergio Massa

Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law

Posted on June 11, 2023 By Caden
Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law

On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal precedent. This decision could be quite significant as it’s the…

Read More “Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law” »

CFTC, CFTC lawsuit, commodities, commodities regulator, DAO, DAOs, decentralized autonomous organization, FCM, Ian McGinley, insights, Lawsuit, News, Ooki DAO, Ooki DAO case, Regulation, Regulators, Securities, U.S. Commodity Futures Trading Commission

While Markets Consolidate, Value of Bitcoin’s BRC20 Token Economy Has Risen Over 1,500% in 39 Days

Posted on June 3, 2023 By Caden
While Markets Consolidate, Value of Bitcoin’s BRC20 Token Economy Has Risen Over 1,500% in 39 Days

During the past week, while bitcoin has been less volatile, the BRC20 token economy has been coasting along just below the $500 million range, and today it stands at $475.05 million. Statistics show that BRC20s have increased in value significantly over the past 39 days, rising 1,511% from a total value of $29.48 million to…

Read More “While Markets Consolidate, Value of Bitcoin’s BRC20 Token Economy Has Risen Over 1,500% in 39 Days” »

Bitcoin, BRC20 coins, BRC20 Market Capitalization, BRC20 Markets, BRC20 token economy, BRC20 tokens, BRC20s, Cryptocurrency, market aggregation, Market Capitalization, market consolidation, market volatility, News, token transfers, token valuation, trade volume, value surge, volume

Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions 

Posted on May 21, 2023 By Caden
Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions 

From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days. Stablecoins Experience a Significant Shift As per the latest data, the stablecoin economy has…

Read More “Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions ” »

BUSD, crypto economy, DAI, Dollar-Pegged, growth, Market Capitalization, Market Valuation, News, redemptions, stable assets, Stablecoin Economy, Stablecoins, substantial loss, Surge, tusd, USDC

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