Category Archive: Cryptocurrency, No picture
Flare to Airdrop Canary Network Token to XRP Holders
XRP holders who participated in the Spark airdrop snapshot in December will receive a second airdrop, Flare Networks announced today. Flare Plans New Airdrop For XRP Holders Flare Networks has announced a new airdrop as it plans to launch a Canary Network called Songbird. In an announcement, the team said it would airdrop Songbird’s native […]
Sushi Gives Away “LSD” NFTs to Announce Trident AMM
Key Takeaways Sushi has announced the launch of a new automated market maker, Trident. The new AMM aims to improve on capital efficiency and lower gas fees for users and will compete with existing DeFi applications. Sushi has released a limited edition LSD-themed NFT called “Bad Trip” to commemorate the launch. This news was brought […]
Ruffer Says it Sold Bitcoin to “Eschew the Mania”
Key Takeaways Ruffer said it was no longer interested in cryptocurrency, calling the investment class to be a “speculative bubble.” In April 2021, Ruffer sold off all its Bitcoin holdings after investing last year, locking a profit of $1.1 billion. Ruffer said that Bitcoin no longer fulfills the role of a diversifying asset. Ruffer has […]
Mastercard Partners with Circle to Settle USDC Payments
This news was brought to you by Phemex, our preferred Derivatives Partner. Mastercard has announced partnerships with Circle, Paxos, and Evolve Bank & Trust to facilitate simpler conversions between cryptocurrencies and traditional fiat money. Mastercard to Simplify Crypto Payments Mastercard has announced it will enhance its card program for cryptocurrency wallets and exchanges, making the […]
Bitcoin Must Hold Support after Dipping Below $30,000
Key Takeaways Bitcoin and Ethereum kicked off the weekly trading session in a precarious position. The bulls must hold BTC above $29,600 to avoid a 40% price drop. ETH needs to keep $1,700 as support to prevent a test of the 2018 all-time high. Roughly $98 billion has been wiped off the entire cryptocurrency market […]
BlockFi Handed Cease and Desist Order in New Jersey
Key Takeaways BlockFi has received a cease and desist order from the New Jersey Bureau of Securities. The order alleges that BlockFi Interest Accounts are funded through unregistered securities. While the significance of the news is not yet clear, markets have reacted negatively. Crypto savings provider BlockFi has received a cease and desist order from […]
Regulators Must “Act Quickly” on Stablecoins, Yellen Says
Key Takeaways The U.S. Treasury Secretary Janet Yellen met with the President’s Working Group on Financial Markets to discuss the risks created by the burgeoning stablecoin market. Yellen urged regulators to “act quickly” to deal with stablecoins. Regulators discussed the risks stablecoins pose to the country’s financial system and national security. The U.S. Treasury Secretary […]
Ripple Execs Use Coinschedule Penalty as Defense
Key Takeaways Ripple’s legal team has published a new filing that aims to show that there is regulatory uncertainty around securities. Ripple cites the SEC’s comments on its recent regulatory actions against Coinschedule as evidence of this claim. The filing is part of a motion to dismiss the SEC’s claims against Ripple executives Brad Garlinghouse […]
Coinbase Sued Over “Deceptive” Dogecoin Campaign
Key Takeaways Coinbase faces a class action lawsuit from a Dogecoin trader who seeks $5 million in damages. The plaintiff, David Suski, claimed he was deceived by Coinbase to trade $100 of Dogecoin to become eligible for a $1.2 million promotion. The promotion’s rules specify that a customer can be eligible without making any trade […]
Binance Burns $390M in BNB, Implying $2B Q2 Profits
Key Takeaways Binance has completed its 16th quarterly Binance Coin (BNB) burn, a regular practice that keeps the coin’s value strong. Over 1.2 million BNB tokens have been destroyed, equivalent to $390 million at the time of the burn. The amount burned implies Binance made close to $2 billion in profit since April. This Exchange […]
