The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October 5 During the first week…
In brief Metaplex, creator of the Solana NFT protocol of the same name, will launch an MPLX token today and conduct an airdrop to NFT creators. The token will let users govern the platform, but the airdrop is not available to creators based in the U.S. Solana NFTs are on the rise again lately thanks to buzzy projects like y00ts…
Caroline Pham, one of five commissioners at the United States Commodity Futures Trading Commission, or CFTC, met with Ripple CEO Brad Garlinghouse ahead of a court decision which could affect how regulators handle XRP tokens. In a Monday tweet, Pham said she visited Ripple Labs’ offices as part of a “learning tour” involving crypto and blockchain. Garlinghouse later tweeted that…
Bitcoin mining giant Bitfarms has fired up a new operation in Argentina, claiming a major energy advantage. The company is one of the world’s largest mining operators and operates in four countries, but said that the Argentina project is expected to have access to its cheapest energy. “Based on current foreign currency exchange rates and natural gas prices in Argentina,…
On Tuesday, September 20, 2022 at approximately 5pm ET, Coinbase Exchange will implement a new fee structure to account for changes in global crypto trading volumes and asset prices, lowering the monthly trading volume required to qualify for the mid and upper tiers of our fee schedule. The new fee schedule will be implemented on Coinbase Exchange, Pro, and Advanced…
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s analysts led by Savita Subramanian believes the U.S. Federal Reserve…
Predictions that the Ethereum merge would be a “buy the rumor, sell the news” event have largely played out in the wake of the much-anticipated update to the second largest blockchain by market cap. At least, that’s the post-merge conclusion of Glassnode, a crypto market intelligence provider that foresaw the selloff within Ethereum’s futures and options markets last month. The…
Bitcoin (BTC) faced a 9% correction in the early hours of Sept. 19 as the price traded down to $18,270. Even though the price quickly bounced back above $19,000, this level was the lowest price seen in three months. However, pro traders held their ground and were not inclined to take the loss, as measured by derivatives contracts. Bitcoin/USD price…
By the end of last week, the federal agencies presented the results of their six-month-long work on the principal directions for digital assets regulation in the United States. The resulting first-ever crypto framework, published on the White House website, may not contain many surprises or exact details, but, as a part of President Joe Biden’s executive order, it will undoubtedly…
As the world waits to see America’s take on cryptocurrency regulation, crypto enthusiasts should keep one thing in mind: The industry can trust Senator Cynthia Lummis. Her proposal with Senator Kirsten Gillibrand, which we’ve all been waiting for action on, is bipartisan in nature. We’re still awaiting the final details, but things have slowed to a crawl with the November…
