“Crypto Queen” Cynthia Lummis Says Lack of Regulations Hurts Crypto

The Republican U.S. Senator, Cynthia Lummis, representing Wyoming, revealed at a recent crypto event in Washington D.C. that the U.S. is losing out on the crypto space. Dubbed “Crypto Queen,” Lummis disclosed that she bought her first Bitcoin in 2013 and wished she had bought more of the token. Supporting Crypto Regulation It is not…

Read More

Experts Optimistic About Crypto’s Resilience Amidst Banking Crisis

The U.S. banking system is currently in turmoil, with several banks struggling to stay afloat and others facing unprecedented financial difficulty. Banks are closing, mergers are happening, and bailouts are becoming the norm. It is an alarming situation and one that is causing serious concern within the banking industry, particularly concerning the long-term implications for…

Read More

Settlement Volume Of Tether Surpasses Major Online Payment Services Giants

Tether, commonly known as USDT, the largest stablecoin in the entire crypto-verse by market valuation has earned a new achievement. The stablecoin’s trading volume has surpassed the likes of two major online payment services giants in the year 2022. The two major payment services giants being referred to are Visa and Mastercard. $18.2 Trillion Worth…

Read More

An Analysis of How Crypto Industry Is Ending 2022

Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…

Read More

Bybit Crypto Exchange Modifies User Policies Affecting Access And Withdrawals

User Restrictions Bybit, a globally renowned crypto trading platform, has recently overhauled its policies, particularly with regard to catering to global policies such as KYC. In this connection, Bybit made several changes in its policy concerning users, their access, and rights. The amendments made in Bybit policies show that some restrictions have been put in…

Read More

Coinbase Is No Longer Supporting USDT As It Is Encouraging Users To Adopt USDC

Coinbase, a cryptocurrency exchange based in the United States seems to have decided to change its stance towards Tether (USDT). The exchange is communicating to its users that USDT is no longer a reliable stablecoin. Instead, the users must switch to a different stablecoin, asking them to go for USD Coin (USDC). Coinbase Asks Users…

Read More

Brazilian Enterprises Set Up Yet another Record In Crypto Purchases

RBF which is the Federal revenue collection authority of Brazil published data pertaining to crypto purchases in the country in October. RBF notes back-to-back record settings by local enterprises in crypto purchases during the months of September and October respectively. Record-Breaking Crypto Purchases It has been a while since when small, medium, and large-scale local…

Read More

Forex vs Crypto Trading: Which One Is Better?

Introduction Crypto trading is the latest trend of investment that is popular among the younger generation. However, before cryptocurrencies, there were other trading options available in the market outside of the stock market as well. One such alternative for trading is Forex Trading. Investors are always looking to diversify their portfolios by dividing their investment…

Read More

MakerDAO Votes to Custody Over $1.5B Worth of USDC with Coinbase

Coinbase will offer custody of MakerDAO’s USDC treasury worth about $1.59 billion. The deal allows the DAO to earn nearly 1.4% rewards on the funds. Coinbase submitted the proposal on 6th September and got approved by 70% of votes on Monday 25th October. USDC represents one-third of the treasury and allows users to deposit collateral…

Read More

Rivalry Unfolds Between Ethereum Merge Hard Forks’ Proof-of-Work Projects

The Ethereum transition to ETHPoS saw the blockchain do away with miners. However, the future of the miners that chose to maintain Proof-of-Work has several uncertainties. Led by Chinese miner Chandler Guo, they created a post-merge ETHPOW and ETHW. The hard fork had a rocky start, but it’s now running. At the time of writing,…

Read More

Maker Increases Staked Ethereum Limit to Minimize USDC Dependence

Maker, the issuer of DAI stablecoin, has nearly doubled the limit on its staked Ethereum vault. The DeFi protocol is planning to stop its dependence on centralized stablecoin like USDC. The recent Tornado Cash scandal has fueled the plan. Staked Ethereum represents one unit of ETH that has been locked up or deposited in expectation…

Read More

Tether Leads USDC with $16B Market Cap Gap as Binance Minimizes Stablecoin Competition

In June 2022, the market cap gap between USDC and USDT was only about $10B. It seemed as if USDC was closing the gap and overtaking USDT, its biggest rival. The two most popular stablecoins began the year with a market cap gap of nearly $36B. However, a recent shift of events has seen Tether’s(USDT)…

Read More

Ethereum’s Co-Founder Calls For Alternative Stablecoin Technology

As the clamor for increased stability in the crypto market continues to gain traction, Vitalik Buterin has added his opinion to the call.  According to the Ethereum co-founder, the industry would do well creating other dollar-pegged stablecoins to provide more stability to the digital asset ecosystem. Buterin responded to Coinbase’s Brian Armstrong, who requested to…

Read More

Here’s Why Ethereum Miners Plan To Freeze Liquidity Pool After The Hardfork

Ethereum’s announcement of its transition to Proof-of-Stake (PoS) from the Proof-of-Work (PoW) protocol did not come as a piece of cheering news for the category of people.  The people whose activities are threatened by the upcoming Merge are the Ethereum miners. As a result, the aggrieved miners are called the ETHPOW group. The ETHPOW group…

Read More

ECB Picks CBDCs Over Bitcoin For Cross-border Payments

Since the advent of digital currencies, various institutions have been exploring their potential. Various institutions, including central banks, have supported using these nascent technologies for payment. This is due to the ease of usage, speed, and financial inclusion it offers even to unbanked citizens. Meanwhile, central banks and other financial institutions are exploring the usage…

Read More

Binance Recovers Over 80% Of Funds Stolen From Curve Finance 

According to reports, Binance, a famous cryptocurrency exchange, has recovered a large chunk of the assets stolen in the latest Curve Finance breach. About $450,000 have been frozen and reclaimed by the firm. Changpeng Zhao, the CEO of Binance, confirmed the news on his Twitter account. This means that approximately 80% of the plundered funds…

Read More

Brazilian Firm, PicPay To Launch Exchange And Stablecoin

In 2022, cryptocurrency has received widespread acceptance and integration across the world. Currently, PicPay, a Brazilian digital payment firm, is at cryptocurrencies. According to reports, it just launched an exchange platform, a cryptocurrency unit, and a stablecoin. With the introduction of a stablecoin and fully-functional crypto exchange, PicPay is completely embracing the crypto vortex. It…

Read More