Day: 14 December 2022

Binance has temporarily paused withdrawals of USD Coin (USDC) after customers withdrew over $2 billion in tokens from the exchange. The move has sparked concerns about the exchange's stability following the collapse of rival crypto exchange FTX. In a statement, Binance CEO Changpeng Zhao stated that the exchange would freeze ...

This week, Germany's top regulator pushed for global regulation of the cryptocurrency sector to protect customers, prevent money laundering, and maintain financial stability. According to Mark Branson, president of Germany's financial market regulator BaFin, a hands-off approach that simply allowed the industry to expand as a playground for grownups was ...

Following the release of the U.S. inflation report on Tuesday, which confirmed that the Federal Reserve's (Fed) liquidity tightening is expected to slow, the outlook for risk assets, including stocks and bonds, is looking positive.  This news has boosted investor confidence, and they are likely to continue to pour money ...

Tether, the world's largest stablecoin (USDT) issuer, has announced its decision to gradually stop lending funds from its reserves in order to reestablish trust in the cryptocurrency market.  In a post on December 13, Tether addressed the current media concern and uncertainty surrounding its secured loans. Tether stated: “In response ...

 Apple is set to allow third-party app stores on its devices to comply with new anti-monopoly standards from the European Union (EU). This is a significant gain for crypto and NFT app developers.  According to reports, the new regulations would enable European users to access alternative app stores other than ...

Layer 1 blockchain platform Algorand has been selected as the public blockchain to provide an innovative digital guarantee platform to be employed in Italy's banking and insurance sectors. Just in: Algorand has been selected to be the public blockchain that will support an innovative digital guarantees platform in Italy. This ...

The Commodity Futures Trading Commission (CFTC) has once again confirmed that digital assets such as $BTC, $ETH, and $USDT are commodities as defined under Section 1a(9) of the Act, 7 U.S.C. This occurred yesterday during Sam Bankman-Fried's court appearance in the Bahamas.  The CTFC appears to be at odds with ...

Binance, the world's largest cryptocurrency exchange, experienced massive withdrawals on Tuesday, December 13, 2022. According to data from CryptoQuant, a total of 40,353 BTC and 278,017 ETH were withdrawn from the exchange.  The US Department of Justice announced on Monday that it is investigating Binance for money laundering and criminal ...

Changpeng Zhao (CZ), CEO of Binance Holdings Ltd., tried to address fears about the state of the company's finances in a memo to his staff. He warned his team to brace themselves for a string of challenging months. He also asserted that the company would overcome its current challenges. In ...