According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023. Texas State Regulators Issue Cease-and-Desist Order, Citing…
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A slight deviation in Tether’s (USDT) stablecoin earlier today has caught the attention of cryptocurrency traders. The move occurred within Curve’s 3Pool decentralized finance ecosystem, which holds significant liquidity and three primary stablecoins: USDT, USDC, and DAI. In light of this development, what are the best cryptos to buy now?… Read More: Best Crypto to…
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Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of coins such as CEL, ADA, LINK, LTC, and others will be sold beginning on July 1, 2023. Celsius Plans to…
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A dormant Bitcoin address holding 50 Bitcoin, valued at approximately $1.25 million, suddenly sprang to life on June 15 after being inactive since June 21, 2010. This month has seen only one 2010 block reward transfer, with the previous two taking place on May 22, 2023. $1.25 Million in Bitcoin Moves After a Decade of…
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According to Microstrategy founder Michael Saylor, regulators perceive no “legitimate path forward” for cryptocurrencies such as stablecoins, crypto securities, and tokens. In an interview with Bloomberg on Tuesday, Saylor emphasized that the entire industry is bound for rationalization and will undergo a significant metamorphosis into a Bitcoin-centric financial sector, leaving only a few proof-of-work tokens…
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Due to the unique traits it presents, Latin America has been a thriving region for cryptocurrency, as the technology aims to complement or even substitute traditional finance components that cannot be used in certain countries in the area. Marked by the vast differences between its countries, grouping Brazil — one of the first economies of…
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The U.S. Federal Reserve’s recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half. This has left some wondering how long the pause will persist, given the persistent inflationary forces in the economy and the challenge of reining…
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A judge in Washington decided to give Binance US and the Securities and Exchange Commission (SEC) time to work out a deal to avoid the freezing of the exchange’s assets. The two sides are close to an agreement that will protect customer funds without paralyzing the crypto trading platform. Crypto Exchange Binance US and SEC…
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BTC price action shrugs off the latest signs that inflation is receding, with Bitcoin traders focused on Fed comments. Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView PPI offers Bitcoin bulls little fuel Data from…
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Coinbase Cold Wallet Stir: Rumors and Misinformation Surround Significant Ethereum Transfer
On June 13, 2023, several individuals discovered a significant transfer of Ethereum (ETH) that had remained dormant for a few years. While the observers believed the funds were being deposited into Coinbase, they shared this information on social media to highlight the unusual occurrence. However, despite the speculation, it was soon clarified that the transfer…
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