The number one stablecoin by market cap has announced that it will reach $1.6 billion in excess reserves of Tether (USDT). The company estimates this figure for the March quarter. Tether Chief Technology Officer Paul Arduino disclosed that it expects…
The United States’ most powerful financial regulators gathered on March 24 via video conference for an unscheduled closed-door meeting of the Treasury Department’s Financial Stability Oversight Council (FSOC), the department announced in a statement. Treasury Secretary Janet Yellen hosted the…
While Binance, the world’s largest cryptocurrency exchange in the industry has developed to be as safe and transparent as possible after the FTX saga, some employees have been reported to have done some elicit actions to dent the company’s reputation.…
The White House published its annual economic report on March 20, and devoted an entire section to digital assets. The author should be commended for doing so. I strongly agree with the report’s assessment that certain aspects of the digital…
Crypto-friendly Custodia Bank, founded by Caitlin Long, a well-known figure in the crypto industry, has rejected its application under the supervision of the US Federal Reserve (Fed), according to an official announcement. The council previously announced its rejection of the…
Hong Kong-based Animoca Brands, a developer of blockchain game technology, has reportedly cut its target for the metaverse fund by more than 20% to $800 million, Reuters reported citing sources familiar with the matter. The blockchain gaming technology company has…
Binance, the world’s largest cryptocurrency exchange by trading volume, today, March 24, temporarily halted spot trading due to a corresponding engine error that disrupted the platform. Bugs Detected, Withdrawals and Deposits Stopped Binance CEO Changpeng Zhao, popularly known as “CZ,”…
The banking crisis could be the spark that will start the next crypto bull run, where Bitcoin (BTC) could beat all other cryptos, according to Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such…
The exchange giant is teaming up with Fidelity and BNY Mellon to launch its own cryptocurrency custody platform. Nasdaq, the American stock exchange based in New York City, is reportedly looking at Q2 2023 to release custody services for Bitcoin…
The recent Wells news from the SEC to Coinbase has caused another reaction from Ripple. At new tweetsRipple’s CTO, David Schwartz, criticized the US Securities and Exchange Commission for not clarifying cryptocurrency regulatory guidelines before cracking down on crypto companies.…