Binance has announced its decision to discontinue support for USDC (USD Coin) deposits and withdrawals on the Tron blockchain, effective April 5. This move comes more than a month after Circle, the issuer of USDC terminated its USDC minting services on Tron. Starting from 2:00 a.m. UTC on April 5, deposits of TRC20 USDC tokens will no longer be credited…
Bored Ape Yacht Club #9258, previously owned by comedian Kevin Hart, was recently traded for approximately 13.26 ether ($46,200) on Blur, a non-fungible token exchange. This transaction marks a significant decrease from the price Hart originally paid for it over two years ago. In January 2022, Hart acquired the Bored Ape, adorned with a colorful propeller hat, for 79.5 ether,…
The crypto industry is clapping back at U.S. regulators with a pre-emptive lawsuit against the Securities and Exchange Commission (SEC), spotlighting its aggressive enforcement of securities law. On Monday, the DeFi Education Fund (DEF) filed a lawsuit in a Texas federal court against the SEC, arguing that Beba, a Texas-based apparel company, did not violate U.S. securities laws by airdropping…
This week, blockchain observers noticed that the “37X” wallet, once holding the title of the fifth-largest bitcoin wallet, was activated for the first time since 2019. This significant move involved the transfer of 94,504.03 bitcoin into three distinct addresses. One of these recipient wallets has now risen to become the sixth-largest bitcoin holder, showcasing a […] Source: https://news.bitcoin.com/massive-bitcoin-shift-6b-moved-as-5th-largest-btc-wallet-reactivates-after-years-of-dormancy/
History will record Web2 as the Dark Ages of the internet era. With the rise of big platforms such as Meta, Google, X (formerly known as Twitter), and TikTok, networking technology—which was supposed to connect and empower all of us—has in fact done the opposite. This is not news. Most of us know that every time we consume web content,…
According to CoinShares, crypto investment products faced unprecedented outflows last week, with a staggering $942 million exiting funds globally. This marks a significant shift from the seven-week streak of inflows totaling $12.3 billion. Various asset managers, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, witnessed record outflows totaling $942 million globally. This surpasses the previous record set at the end…
The London Stock Exchange (LSE) has designated May 28 as the start date for trading in Crypto Exchange-Traded Notes (ETNs). Only professional investors will have authorization to engage in trading activities related to these ETNs. ETN issuers have until April 15 to submit their plans, ensuring eligibility for trading commencement in May. The LSE decided to commence trading on May…
The Philippines Securities and Exchange Commission (SEC) announced on Monday its collaboration with the National Telecommunications Commission (NTC) to impede local traders’ access to Binance, the world’s largest cryptocurrency exchange by daily trading volumes. Regulators in the Philippines are pursuing measures to prevent local traders from accessing Binance. The SEC stated on Monday that it has initiated efforts to block…
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer $0.93 on the dollar for each claim. FTX Bankruptcy Claims Now Worth […] Source: https://news.bitcoin.com/ftx-bankruptcy-claims-surge-in-value-bids-now-approach-93-cents-on-the-dollar/
The U.S. Securities and Exchange Commission will seek $2 billion in penalties from Ripple, the fintech firm’s chief legal officer has announced. Stuart Alderoty said on Twitter Monday that the top regulator will seek the fine from a judge—with the details held for another day. “As you will see when the SEC’s brief is made public tomorrow, they ask the…
