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Archives by Year:
Latest Tether Report Says USDT Is 10% Backed by Cash
Key Takeaways Tether has published a new assurance report detailing the composition of its financial reserves. Those numbers suggest that USDT is backed by more than 50% cash equivalents, including 10% cash and bank deposits. The report was conducted by the auditing firm Moore Cayman. This news was brought to you by Phemex, our preferred […]
Bitcoin Targets $50,000 But Profit-Taking Looks Imminent
Key Takeaways Bitcoin is heading into the green after breaking above $45,000. On-chain data shows that the asset could advance to $50,000 with little opposition. However, one technical indicator suggests that a spike in profit-taking is underway. Bitcoin has stolen the crypto spotlight as its price surged by more than 5.5% following Monday’s open. The […]
Perpetual Protocol Launches $47M Fund to Boost DeFi Derivatives
This news was brought to you by ANKR, our preferred DeFi Partner. Decentralized derivatives platform Perpetual Protocol has launched a new ecosystem fund based on token swaps. Perpetual Unveils Ecosystem Fund Perpetual Protocol, a virtual automated market maker for trading on-chain derivatives, has agreed to a partnership with three protocols to boost its ecosystem. The […]
Stablecoin Giant Circle Plans to Become Federal Bank
Key Takeaways Stablecoin issuer Circle has detailed its plans to become a National Digital Currency Bank operating under federal oversight. Circle’s USDC has seen explosive growth in 2021, with a current market cap of $27.5 billion. The move would see Circle comply with federal banking rules, which are much stricter than state banking regulation. This […]
Division Over Infrastructure Bill as Senators Offer “Compromise Amendment”
Key Takeaways Voting on the infrastructure bill was pushed back after the Senate failed to reach an agreement over the weekend. Senator Ted Cruz said that Democrats had blocked any further amendments to the bill over a disagreement on spending. A new “compromise amendment” has been offered that would exclude protocol developers, Proof-of-Stake validators, and […]
Poloniex Reaches $10M Settlement With SEC Over Unregistered Status
Key Takeaways The SEC has charged crypto exchange Poloniex for operating an unregistered online digital assets exchange. Poloniex allegedly facilitated the trading of digital asset securities without registering with the SEC. Poloniex neither admits nor denies any wrongdoings, but has agreed to pay $10 million settlement charges. This Exchange News was brought to you by […]
Ethereum Whales Are Spending $100,000 on Digital Rocks
An early NFT project called EtherRocks has soared in value this weekend, with the floor price more than doubling in 48 hours. EtherRocks Sell For $100,000 EtherRocks is the latest project to benefit from the current NFT mania. Trading of the digital rocks spiked this weekend, with many now selling for more than $100,000. Just […]
Ethereum Back Above $3,000 Amid Supply Crunch
This news was brought to you by ANKR, our preferred DeFi Partner. It’s the first time Ethereum has traded above $3,000 since May. Ethereum Rallies on EIP-1559 Ethereum has broken $3,000 for the first time since May. Source: TradingViewETH is up around 12% in the last 24 hours following a two-week rally, currently trading at […]
Earn Fees for Trading on Uniswap v3: How To Make Limit Orders
Key Takeaways Limit orders are a type of trade where users set a certain price point at which they choose to exchange one token for another. Due to the new concentrated liquidity feature on Uniswap v3, users can, with a little know-how, execute these limit orders on the decentralized exchange. Not only do limit orders […]
Brian Brooks Resigns as CEO of Binance.US
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Brian Brooks has resigned from his position as CEO of Binance.US, the San Francisco-based subsidiary of Binance. Greetings #crypto community. Letting you all know that I have resigned as CEO of @BinanceUS . Despite differences over strategic direction, I wish my former […]
