Tether, which issues the world’s largest stablecoin, USDT, is reportedly working with a Big Four accounting firm for a full audit, which marks a significant step toward transparency. This comes at a time when many in the industry are worried about the lack of independent verification Tether has been providing over their reserves, which has…
Coinbase is in advanced negotiations to buy the leading Bitcoin and Ethereum options trading platform Deribit, which could cost between $4 and $5 billion. If successful, this acquisition will diversify Coinbase’s crypto offerings, especially in the Middle East, where derivatives trading is popular. Deribit: The Crown Jewel of Crypto Options Following the acquisition of a…
The US Securities and Exchange Commission (SEC) plans to hold its first roundtable on the regulation of crypto assets and this could be a major turning point for the sector. There is now a concerted effort to balance innovation with adequate investor protection, signaling Washington’s intent to demystify the regulatory landscape. Having put the task…
The U.S. Treasury Department has removed the crypto mixer Tornado Cash from the sanctions list. The move has caused a spike of 73% in the value of its native token, TORN. This will likely cause massive commotion in the cryptocurrency market, especially in the privacy token and Decentralized Finance (DeFi) markets. From Blacklist To Green…
The last week has been a fast-paced one for the cryptocurrency arena with a series of deadlines, legal wins, and political statements. The most noteworthy milestones include the Pi Network’s KYC debacle, the SEC’s jaw-dropping withdrawal of the Ripple lawsuit, and Donald Trump’s audacious approval of stablecoins. Pi Network’s KYC Confusion With Lack of Timeframes…
The cryptocurrency Ethereum, now the second largest, is undergoing a severe downfall, as it is now selling at less than $2000. If circumstances don’t turn to Ethereum’s favor, it could fall 75% and hit as low as $1250. Ethereum is recovering from a rough patch including a 16% drop in 1 week and a 37%…
The market for cryptocurrency is under significant downside pressure and fear as Bitcoin approaches the threatening $75,000 mark, stricken by the anticipated U.S. Consumer Price Index (CPI) print and a flurry of bearish technical indicators. The drastic $170 billion market wipeout within just 24 hours underscores the severity of the market downturn and further increases…
A mobile-centric cryptocurrency initiative known as The Pi Network is facing harsh scrutiny, especially from Bybit’s co-founder and CEO Ben Zhou, who issued some severe claims regarding its clarity and sustainability in the long run. Zhou’s discontenting concerns due to Bybit’s refusal to list PI has sparked intense discussion within the cryptocurrency industry, fearing the…
The Pi Network, which attempts to make cryptocurrency Pi mining accessible via smartphones, has suffered a significant drop in value recently, raising concerns and speculation among its users. With currently hovering around $1.39, the price of PI plunged to 1.59 before experiencing a drop of roughly 12%. This decline occurred within the context of a…
The crypto world is still trying to recover from a reckless week that included a price crash and panic selling due to the unfolding strategy of the American government regarding crypto assets during the Trump presidency. Bitcoin was flirting with all-time highs until it plummeted, dragging all other crypto assets with it into a state…
