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Instability in Banking System Threatens Stablecoins, Bitcoin and Ether Show Uptrend
The CEO of ARK Invest, Catherine Wood, has expressed her concern over the instability of the banking system and its potential impact on stablecoins, while noting the upward trend of bitcoin and ether. Wood has criticized regulators for not taking timely action to prevent a potential banking crisi ...
NAB Completes Cross-Border Transaction using AUDN Stablecoin on Ethereum Blockchain
It's interesting to see how NAB is exploring the use of stablecoins and blockchain technology to simplify cross-border transactions and increase their speed and transparency. The successful pilot project involving seven currencies and the AUDN stablecoin demonstrates the potential benefits of usi ...
Fidelity Investments grants full access to US retail traders on its Crypto platform
Fidelity Investments, a renowned American investment company, has extended full access to its Crypto platform to retail traders in the United States. Previously, access to this platform was only granted to users on a "white list". However, interested Fidelity Crypto users will need to create a br ...
Ethereum Nears Shanghai Hard Fork: Updates and Challenges Ahead
Ethereum is steadily approaching the Shanghai hard fork with systematic updates. Recently, on March 14, developers tested the upgrade on the Goerli network, and by April, the hard fork will be deployed on the main network. However, during the update of the Goerli Ethereum testnet, developers enco ...
Shiba Inu Whale Moves Almost a Quarter of a Trillion SHIB Tokens in a Single Transaction
A colossal "whale of the market" in the form of Shiba Inu has made an enormous transfer of nearly a quarter of a trillion SHIB mem tokens in a single transaction. Etherscan, a blockchain data-monitoring service, reported that a major investor moved almost 260 billion SHIB tokens, with a value of ...
USDC Stablecoin Returns to $0.97 After Burning $3 Billion in Tokens
Nansen, a blockchain research platform, has recently reported that the USDC stablecoin has undergone significant changes after burning almost $3 billion worth of tokens, causing the coin to rise back to its previous value of $0.97. The reason behind the sudden dip in the value of USDC was attribu ...
Tether Accuses Wall Street Journal of Deliberately Spreading Misinformation
Tether, a major issuer of USDT stablecoins, has accused the Wall Street Journal (WSJ) of deliberately spreading negative and outdated information about the company. According to Tether, the WSJ has published 84 negative articles in 2021 alone and often relies on opinions from experts associated w ...
Huobi Token (HT) Experiences 93% Crash in Exchange Rate Due to Market Behavior
In the early hours of March 9-10, the Huobi cryptocurrency exchange token - HT - experienced a sharp decline of 93% in its exchange rate. The CEO of the exchange, Justin Sun, attributed this to "market behavior." Within a span of just 10 minutes, the token's value plummeted from $4.6 to $0.31, be ...
New York Attorney General Sues KuCoin Cryptocurrency Exchange Over Unregistered Trading Activity
The KuCoin cryptocurrency exchange has been sued by the New York Attorney General's Office for failing to register in the state, with the prosecutor referring to ETH, LUNA and UST as securities. The Attorney General, Letitia James, filed a lawsuit in the New York Supreme Court, alleging that loca ...
Tether: The Controversial Stablecoin and Its Ongoing Audit Concerns
The world of cryptocurrencies is rife with opportunities and challenges. Each cryptocurrency comes with its own set of benefits and drawbacks. While some cryptocurrencies are overlooked by regulators, others face technical difficulties. For instance, Ripple is currently under the radar of regulat ...