Tag: Altcoin News

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Trader Turns $16k into $10,000,000 After Bonk Price Skyrockets Higher – Here’s the Other Coin He’s Watching

December 15, 2023

BONK! Listed on Binance A trader has turned $16,000 into more than $10,800,000 by betting on the recent BONK! ($BONK) price rally. you know we had to double it god willing @unipcsbot https://t.co/Jjp29Qm5oM pic.twitter.com/oD4XthiwF9 — The Lab (@LawliettesLab) December 15, 2023 https://platform.twitter.com/widgets.js As per a tweet screenshot of his unrealized profit and loss on ByBit,…
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Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

December 15, 2023

Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing a $200 million SEC lawsuit for securities fraud. The bankruptcy filing comes after a tumultuous…
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Hong Kong Firms Make First Cross-border Digital Yuan Commodity Payments

December 15, 2023

Source: leungc/Adobe Hong Kong-based firms have made the first “cross-border” commodity payments with the Mainland Chinese digital yuan, as the CBDC takes its first international steps. Per Hong Kong Today, several Hong Kong firms took part in the Bank of China (Hong Kong)’s “Enterprise Digital RMB Cross-border Transaction Pilot” (literal translation). The bank says it…
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Russia-China CBDC Payments May Debut in 2024 – Moscow

December 15, 2023

Source:Iliya Mitskavets/Adobe A top Russian politician says that Moscow and Beijing could begin using their CBDCs – the digital ruble and digital yuan – to make payments as early as 2024. Per the news agency Tass, the comments came from Anatoly Aksakov, the head of the State Duma Committee on the Financial Markets. Aksakov told…
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Biggest Crypto Gainers Today on Uniswap – HORD, KNS, ASTRADAO

December 14, 2023

Blue-chip cryptocurrency markets are mostly higher on Thursday as the crypto market benefits from macro tailwinds with US stocks pushing higher and US government bond yields and the US Dollar Index (DXY) dumping. The latest moves in traditional asset classes come as investors bet aggressively that the Fed will start cutting interest rates in early…
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Former Credit Suisse Executive Launches Crypto Trading Platform for Financial Institutions

December 14, 2023

Source: Pixabay A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig. Rulematch has commenced Bitcoin (BTC) and Ether (ETH) spot trading against USD to clients in most of the European Union, the United Kingdom,…
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IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks

December 14, 2023

Source: iStock Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international conference in Seoul on digital money, she warned that these asset classes could undermine macro-financial…
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China Plans to Verify Identities of its 1.4 Billion Residents Through Blockchain-Based Platform

December 12, 2023

Image Source: Pexels China has unveiled plans to use blockchain technology for the verification of real-name identities of its vast population of 1.4 billion people.  The announcement came from the Blockchain-based Service Network (BSN), China’s national-level blockchain initiative, according to a report from the Insider.  The initiative, named RealDID, was spearheaded by China’s Ministry of Public…
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Crypto Exchange Listing and Delisting Announcements: December 11, 2023

December 12, 2023

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ Bitfinex Delistings: Popsicle Finance (ICE)   BitMart Listings: Sex Token (SEX) Sundae (SUNDAE)…
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Russian Central Bank Tempers Talk of 2024 Digital Ruble Rollout

December 12, 2023

Source: I/Adobe The Russian Central Bank is playing down talk of a 2024 rollout for its digital ruble – insisting that the coin will not be ready for nationwide use before 2025. Per Tass, the bank’s press service said that while it was ready to go ahead with an “expansion” of its existing 13-bank, 11-city…
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