Tether’s troubles continue. According to a Friday WSJ report, companies backing the world’s biggest stablecoin used fake documents and shell companies to help its parent company get into the banking system. The Journal cites emails and documents to claim that the company behind USDT, the most-traded cryptocurrency, went to extraordinary lengths to stay connected to the traditional financial system and…
Tether’s troubles continue. According to a Friday WSJ report, companies backing the world’s biggest stablecoin used fake documents and shell companies to help its parent company get into the banking system. The Journal cites emails and documents to claim that the company behind USDT, the most-traded cryptocurrency, went to extraordinary lengths to stay connected to the traditional financial system and…
According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged to Avalanche Rises Thirty-eight days…
Austin Federa, head of strategy at the Solana Foundation, spoke to Cointelegraph at the ETH Denver conference on the network’s outages, the impact of regulation, and the launch of its mobile device. Speaking to Cointelegraph on March 1, Federa said the New York Department of Financial Services — NYDFS, one of the state regulators responsible for licensing crypto firms —…
The emergent Bitcoin NFT ecosystem—practically non-existent just months ago—could balloon to $4.5 billion in market size by 2025, according to a report released Friday by Galaxy Research. Analysts anticipate that the Bitcoin Ordinal frenzy of the last two months is no blip. They project demand for the ability to store NFTs on the world’s oldest and most established blockchain will…
The emergent Bitcoin NFT ecosystem—practically non-existent just months ago—could balloon to $4.5 billion in market size by 2025, according to a report released Friday by Galaxy Research. Analysts anticipate that the Bitcoin Ordinal frenzy of the last two months is no blip. They project demand for the ability to store NFTs on the world’s oldest and most established blockchain will…
Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Source: https://cointelegraph.com/news/price-analysis-3-3-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
UK banks are getting tougher on customers using crypto. In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit cards from making crypto purchases. These two banks aren’t the only ones: a number of banks over the past year have got tougher. Some took a tougher stance following…
UK banks are getting tougher on customers using crypto. In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit cards from making crypto purchases. These two banks aren’t the only ones: a number of banks over the past year have got tougher. Some took a tougher stance following…
Crypto cycles aren’t for the faint-hearted. As the industry continues to evolve from the cypherpunks into the mainstream, we can expect a lot of growing pains. The dumpster fire that was 2022 may have scared off many companies interested in exploring the sector. Case in point: Visa and Mastercard’s embrace of crypto may have hit a snag thanks to the…
