A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing terrausd (UST) as a firmly…
On Monday, a heavy cryptocurrency sell-off in the markets caused significant ripples for projects and entities alike. On popular decentralized finance, or DeFi, lending protocol Aave (AAVE), utilization rates have fallen across nearly all stablecoin borrowings. Most notably, borrowings for Binance USD (BUSD) now stand at a mere 30% compared to a high of 80% back in May. The utilization…
Binance, the world’s top cryptocurrency exchange by volume, put Bitcoin withdrawals for its users on pause because of a “stuck on-chain transaction,” the company said Monday. Although Binance CEO Changpeng “CZ” Zhao initially announced that the situation would be remedied in around 30 minutes, he followed up with a reply shortly after saying that the exchange’s fix would take “a…
As the latest carnage in the crypto markets brought the price of Bitcoin below $24,000, MicroStrategy (MSTR) fell as much as 26.72% on Monday’s premarket to a 20-month low of $149. MSTR, which traded at $203.36 on the closing bell on Friday, fell to $147 after the market open, before recovering to $155.50, down 23.53%, as the software manufacturer came…
Bitcoin is down 67% from its all time high of $69,000. Intensifying market fears amid heightened levels of inflation paired failing institutions are driving price action. Celsius Network paused all withdrawals, swaps and transfers from its cryptocurrency exchange. Bitcoin fell below $23,000 today in a new 52-week low during early trading hours representing a 67% downturn from the all-time high…
DOGE and SOL were some notable movers on Monday, as crypto markets were once again hit by a red wave. DOGE dropped to its lowest level since April 2021, whilst SOL was also trading close to a one-year low to start the week. Solana (SOL) SOL’s sell-off saw prices fall to their lowest level since July last year, as crypto…
Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges. ETH/USD hourly price chart. Source: Uniswap Over $130M ETH sold in six hours The incident happened at around 03:00 UTC after a whale dumped 65,000 ETH for multiple “stablecoins,” including USD…
Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere. As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cointelegraph Markets Pro and TradingView confirms. Bitcoin clings to realized price At around $23,400, realized price — the average price…
Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a platform with enough scaling…
Tl;dr: This blog shares insights on how Coinbase is investing in new tools and processes to scale its node operations. By Min Choi, Senior Engineering Manager — Crypto Reliability Blockchain nodes power almost every user experience at Coinbase. We use them to monitor fund movements, help our customers earn their staking rewards, and build the analytics needed to support popular…
