Tag: COIN:USDTUSD
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Crypto This Wednesday: BTC Jumps, Jerome Powell Emphasizes Stablecoin Oversight, And More
Jerome Powell Highlights Oversight of Stablecoins as “Form of Money” US Federal Reserve Chairman Jerome Powell has stated that the regulator considers stablecoins to be a “form of money” and believes that central banks should oversee them. He made this statement during a hearing in response to Congresswoman Maxine Waters, who questioned whether stablecoin issuers should…
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Crypto this Monday: Robinhood Volume Slumps in May, a16z Expands to UK, and More
Former Head of SEC Enforcement Division Warns Cryptocurrency Investors of Need to Get Off Crypto Platforms Former head of the SEC’s Division of Enforcement, John Reed Stark, has issued a warning to cryptocurrency investors, urging them to “Exit Crypto Platforms Now”. He highlighted the lack of protections for customers and the exchanges’ failure to comply with…
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Crypto this Monday: SEC Sues Binance, JPMorgan Launches Blockchain Platform, and More
Binance faces SEC charges over securities law violations Binance Holdings Ltd. and its US affiliates are facing indictments from the Securities and Exchange Commission (SEC) for violations of federal securities laws. The SEC alleges that the cryptocurrency exchange and its founder, CZ, engaged in unregistered offerings and investment schemes. Binance faces a total of 13 allegations, including trade…
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Tether launches sustainable BTC mining in Uruguay, Mercedes-Benz launches NFT collection, and more
Tether Announces Sustainable Bitcoin Mining in Uruguay Tether (COIN:USDTUSD) has revealed plans to launch Bitcoin (COIN:BTCUSD) mining operations in Uruguay, in partnership with a local licensed company. The stablecoin issuing company has stated that it will use renewable energy sources, aiming at sustainable mining. Tether also plans to allocate part of its profits to buy Bitcoin regularly. “ Our…
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Crypto this Monday: Bitcoin Pizza Day, STEPN Integrates Apple Pay, and More
Today is Bitcoin Pizza Day Members of the crypto community celebrated the anniversary of Bitcoin Pizza Day, the first notable exchange of Bitcoin (COIN:BTCUSD) for physical goods. Laszlo Hanyecz bought two pizzas for 10,000 BTC on May 22, 2010. The event has become an annual celebration, with cryptocurrency enthusiasts enjoying pizzas around the world. However, it is…
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Micron Invests in Japanese Memory-Chip Manufacturing, BT Group to Reduce Workforce by 42%
Deutsche Bank Settles Epstein Case Deutsche Bank (XE:DBK) has agreed to pay $75 million to settle accusations that it benefitted from human trafficking by retaining Jeffrey Epstein as a client. Lawyers describe this settlement as potentially the largest sex-trafficking settlement involving a banking institution in American history. The allegations against the German bank revolved around…
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Crypto this Wednesday: Axie Infinity on App Store, Tether to Strengthen Reserves with BTC, and More
Axie Infinity game launched on the App Store in Latin America and Asia Sky Mavis is launching its Axie Infinity: Origins card game on the Apple (NASDAQ:AAPL) App Store, expanding its availability in key markets where it is popular. The AXS token (COIN:AXSUSD) reacted, up 6.73% over the last 24 hours to $7.29. The strategic card-based game…
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Crypto This Wednesday: Elon Musk Tweets a Milady, Tether Reports $1.48 Billion Q1 Profit
Elon Musk tweets an Milady NFT Twitter CEO Elon Musk boosted the collection of NFT Miladys on Wednesday, sharing a meme that featured an NFT avatar with the words “No meme, I love you.” This led to the collection becoming the biggest trend in the OpenSea NFT market, with the lowest price peaking at 7.3 ETH…
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Crypto this Tuesday: Paxful Resumes Operations, Binance Integrates Bitcoin Ordinals, and More
Goldman, Microsoft, Cboe team up to launch Blockchain network Goldman Sachs (NYSE:GS), Microsoft (NASDAQ:MSFT), Deloitte, Cboe Global Markets have joined the Canton Network, a new blockchain network aimed at connecting disparate institutional applications, according to Bloomberg. The network will test features in July and promises to offer greater privacy and controls than currently available. Other participating companies…