In a tweet yesterday, Michael Saylor, co-founder of Microstrategy, stated that Ethereum is likely to crash like TerraLuna. He questioned the token's transition to the Proof-of-Stake consensus mechanism. He compared it to Bitcoin, praising the latter for its long-term...
Microsoft, the world's largest software company, has prohibited cryptocurrency mining using its online services. This ban went into effect on December 1st. The development was part of the company's update of its Universal License Terms for Online Services. Little...
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...
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...
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...
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...
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...
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...
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 According to data from CryptoQuant, a total of 40,353 BTC and 278,017 ETH were withdrawn from the exchange.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...
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...
