Category Archive: Cryptocurrency, No picture
Ripple Claims SEC Misquoted It in Latest Development
Key Takeaways Ripple has filed a new legal memorandum in an attempt to counter previous motions from the SEC. The memo claims that the SEC misquoted Ripple’s statements in its earlier attempts to dismiss Ripple’s defense. This is the latest development in an ongoing lawsuit over whether Ripple’s XRP sales constitute unregistered securities. As part […]
Ethereum Market Cap Now Half the Size of Bitcoin
Key Takeaways Ethereum’s market cap is now half the size of Bitcoin’s. The ratio between the assets is 0.08. Many crypto followers believe that Ethereum could overtake Bitcoin to become the largest cryptocurrency by market cap in the future. Ethereum’s roadmap for the coming months includes EIP-1559 and “the merge” to Proof-of-Stake, which could bode […]
Argentina Tax Officials Order Crypto Exchanges to Disclose Files: Report
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Argentina’s tax administration appears to be keeping a close eye on the cryptocurrency space. Argentina Monitoring Crypto Exchanges Cryptocurrency exchanges in Argentina are now required to file data to tax officials, local news outlet Bae Negocios has reported. The exchanges will be […]
Dogecoin Soars 31.7% as Elon Musk Hints at “Efficiency” Improvements
Dogecoin takes an upward jolt as Elon Musk draws attention to the currency yet again. Dogecoin Jumps on Musk Tweet Dogecoin jumped last night after Elon Musk posted a tweet mentioning the currency. It’s up 31.7% in the last 24 hours. “Working with Doge devs to improve system transaction efficiency,” the Tesla and SpaceX founder […]
Coinbase Nets $771 Million Profit in Q1 2021
Key Takeaways Coinbase tripled its earnings from the previous quarter in Q1 2021, netting a profit of $771 million. Coinbase CEO Brian Armstrong says that the exchange will list Dogecoin soon. The exchange went public on NASDAQ last month, briefly hitting a valuation of $100 billion. This Exchange News was brought to you by OKCoin, […]
Cardano Courts Tesla as ADA Hits an All-Time High
Key Takeaways The Cardano Foundation is currently soliciting Tesla to accept its native cryptocurrency, ADA. Tesla is seeking out low-energy cryptocurrencies following its suspension of Bitcoin payments yesterday. Despite ADA’s high market ranking, the coin is rarely used in commerce, making it an unlikely choice for Tesla. This news was brought to you by Phemex, […]
Binance Faces Investigation from IRS and DoJ
Key Takeaways Bloomberg reports that Binance is under investigation by the U.S. Department of Justice and the Internal Revenue Service. Neither Binance nor the government agencies carrying out the investigation have confirmed any details. The investigation appears to be focused on Binance’s customers rather than the company itself or its employees. This Exchange News was […]
1inch Network Launches on Polygon
This news was brought to you by ANKR, our preferred DeFi Partner. Polygon lands another massive integration: 1inch Network has launched on the scaling solution. 1inch DEX Launches on Polygon 1inch Network, the popular protocol that aggregates some of DeFi’s most essential projects in one app, has gone live on Polygon. 1/ In the Age […]
Tether Reveals Assets Backing USDT
Key Takeaways Tether’s latest accounting report reveals that the majority of its reserves are composed of liquid assets in the money market and short-term debt securities. The firm held 1.64% of its $41 billion reserves in digital assets as of Mar. 31, 2020. Independent account firm Moore Cayman attested the report as “correctly stated.” This […]
DeFi Staple UMA Launches “Optimistic Oracle”
Key Takeaways UMA has launched a new system that resolves price requests without relying on an oracle for data. The system works “optimistically,” meaning disputes are only raised if the requested data is wrong. UUMA launched as a DeFi platform for synthetic assets but hopes to become a powerful tool for building any kind of […]
