Voyager Digital is trying to make a recovery as its bankruptcy proceedings continue. Will investors get their money back? Voyager Digital, one of several crypto lending firms that became insolvent last month, is now in the process of carrying out its recovery plan. Voyager suspended most activity on July 1, including trading, deposits, withdrawals, and …
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Bitcoin maximalists believe that Bitcoin, the world’s most popular cryptocurrency, is the only digital asset that will be needed in the future. In 2017, a year when every single altcoin was either dead or dying and everyone had lost their minds over ICOs (initial coin offerings) — a new kind of fundraising mechanism for cryptocurrencies …
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Crypto has been getting a lot of attention, but there’s another crypto-related technology gaining popularity — DeFi (decentralized finance). The new service allows users to access their money without giving up control over how they use it or trust any third parties like banks with private information. It also means there are no limits on …
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Summary: VeChain and Amazon have signed a partnership geared toward blockchain-based carbon management services. The deal exists between VeCarbon and Amazon Web Services, the company’s cloud computing division. Amazon will provide technology to scale up operations to a national and continent level, per details of the agreement. This could also help the blockchain developer comply …
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Banfield, a soccer team based in Buenos Aires, has sold one of its top players to Brazil’s giant team, Sao Paulo. Sao Paulo paid for Guiliano Galoppo’s transfer in cryptocurrency instead of fiat currency. The transfer deal was worth $8 million in the USDC stablecoin. Sao Paulo pays $8M USDC for soccer player transfer Following …
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Binance US has announced it will delist the AMP token after it was deemed a security by the US Securities and Exchange Commission (SEC). Binance US said that the decision to delist the token stemmed from “an abundance of caution” of enforcement by federal regulatory bodies. Binance US to delist AMP token On Monday, Binance …
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The US Securities and Exchange Commission (SEC) has filed charges against 11 individuals linked to a crypto pyramid scheme known as Forsage. The individuals behind the project managed to solicit over $300 million from investors globally. SEC charges 11 individuals in crypto Ponzi scheme The report by the SEC said that the defendants in the …
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With the wait finally over, the market is stormed after the crypto Lucky Block launch yesterday at MEXC. At 1 pm BST on 1st August, Lucky Block’s LBLOCK began trading on the MEXC market and soared to an intraday high of 0.004999 USD. Briefly, the price for its centralized exchange (CEX) debut on July 27 …
A trio of popular crypto analysts believes Bitcoin (BTC) is due to break out this week, but they all say the rally won’t likely happen in a straight line. Pseudonymous crypto strategist Credible tells his 337,500 Twitter followers that he sees Bitcoin finally breaking out of its immediate resistance at $25,000 but only after BTC …
Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options, with a value of $5.6 billion, exceeded the OI of Bitcoin options worth $4.6 billion by 32%. OI is calculated by adding all the contracts from opened trades and …
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The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) issues and do not reflect the specific risks to which the stablecoins are entitled. On Monday, the MAS official portal published a written …
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Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking. Sygnum announced on Tuesday that the firm has expanded its bank-grade staking offering with Cardano, allowing clients to generate rewards by staking ADA via the bank’s institutional-grade platform. ADA joins Sygnum’s growing crypto-staking portfolio, which features three proof-of-stake (PoS) protocols; …
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A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, including banking, Bitcoin (BTC) and stablecoins, among others. ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank …
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New York Attorney General Letitia James asked New Yorkers who invested Anchor and Celsius to contact her office. Those who have been deceived or locked out of their accounts are asked to get in touch. She has also asked industry insiders to file a whistleblower complaint if they have witnessed misconduct or fraud. New York …
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TPS Capital’s OTC executive Stefan Chu has resigned from the firm. Chu’s resignation has come at a time when TPS is battling accusations that label TPS having a connection with bankrupt firm 3AC Tai Ping Shan, popularly known as TPS capital’s OTC executive Stefan Chu has called it quits amid the firm’s attempt to distance …
