Category Archive: Cryptocurrency, No picture
Judge Allows SEC to Seek Info on Ripple’s Overseas XRP Transactions
Key Takeaways Judge Sarah Netburn has rejected Ripple’s motion to dismiss the SEC’s requests with foreign regulators over XRP transactions. Previously, the SEC had made requests to various foreign regulators to acquire information about Ripple’s overseas XRP transactions. The judge further ruled that the SEC must provide Ripple with copies of the requests it previously […]
Treasury Calls for $10K Bitcoin Transfers to be Disclosed to IRS
The U.S. Treasury is taking a tough stance on cryptocurrencies, citing tax evasion risks. U.S. Treasury’s Crypto Clampdown The U.S. Treasury Department is taking aim at cryptocurrencies. In a report on tax-enforcement proposals posted Thursday, the government body said that it will require cryptocurrency transactions worth $10,000 or more to be reported to the Inland […]
Problems Abide on BSC as Bunny Finance Suffers Attack
Key Takeaways An attacker has targeted Bunny Finance using a flash loan to manipulate the price of BUNNY. After they sold the tokens, the price crashed 96%. The team says it is working on a reimbursement plan for holders affected. Incidents on Binance Smart Chain have multiplied in recent weeks, while users have expressed concern […]
Bitcoin Holders Show Signs of Optimism Despite 30% Dip
Key Takeaways Bitcoin dropped to lows of $30,000 on Coinbase, dipping as low as $28,500 on some derivatives exchanges like BitMEX. Many lowe-cap coins crashed around 50% from daily opening due to large-scale liquidations. On-chain analysis suggests that long-term investors are bullish despite the crash. Bitcoin’s 30% plunge yesterday echoed with the beginning of the […]
Red Bull Racing Team to Use Tezos for First NFT Drop
The Formula One team has selected Tezos for its first NFT release. Red Bull Racing Team Eyes Tezos Red Bull’s Formula One racing team is partnering with Tezos, it was announced Thursday. Red Bull Racing Honda is joining with the smart contract platform to release a series of NFTs for fans. The Tezos blockchain specifically […]
Musk Says Tesla’s “Diamond Hands” Will Help Market
Key Takeaways Tesla CEO Elon Musk tweeted that his firm has “diamond hands,” implying that Tesla will not sell its Bitcoin holdings. Musk’s statement comes in the wake of a cryptocurrency market crash that brought Bitcoin prices down to $30,400. Justin Sun of TRON and Michael Saylor of Microstrategy also announced their dedication to holding […]
Celo Hard Fork Adds Interoperability with Solana, Cosmos, NEAR
Key Takeaways Celo has launched its Donut hard fork, which includes the launch of several Celo Improvement Proposals (CIPs). The fork will create interoperable bridges between Celo and other blockchains such as Solana, Cosmos and NEAR. The update will also improve compatability with Ethereum. Celo’s Donut hard fork went live today, introducing several big improvements to […]
Maple Finance Launches Institutional Loans for DeFi
Key Takeaways Maple Finance is creating an institutional loan marketplace for crypto-native companies. The first nine candidates will receive up to $2 million each. Capital efficiency is a complex problem for DeFi as undercollateralized loans are not possible without some form of KYC. This news was brought to you by ANKR, our preferred DeFi Partner. […]
Bitcoin Drops Below $40,000, Over 40% off All-Time High
Bitcoin’s bloody week continues. Bitcoin in Freefall Bitcoin is plummeting. The leading crypto briefly dipped as low as $36,350 Wednesday afternoon after days of sell-offs. It’s Bitcoin’s first drop below $40,000 since February. Bitcoin is currently trading at $38,782, around 40% off its all-time high price. The asset hit a price of $64,804 last month […]
BlockFi Mistakenly Sends Users Large Bitcoin Payments
Key Takeaways On Monday, BlockFi mistakenly sent Bitcoin to users instead of stablecoins as part of a rewards promotion. One user reported receiving a payment for 701.4 BTC rather than 701.4 GUSD. The firm has attempted to recover the funds by halting user activities and threatening legal action. This news was brought to you by […]
