National Australia Bank (NAB) Carries Out the First International Stablecoin Transfer TrueFi’s (TRU) Value Increases and Declines as a Result of Binance CEO’s Tweet NAB Carries Out the First International Stablecoin Transfer The National Australia Bank (NAB) became the first significant financial institution to complete a cross-border stablecoin transfer on layer one blockchain. For the … Read more
Binance Grapples with GBP Trades FIDC’s Intercession on Cryptocurrency Binance Grapples with GBP Trades Finding a new service provider to manage GBP trades on its trading platform is difficult for Binance; this comes after Skrill Limited said it would shortly quit offering services to the cryptocurrency exchange. By May 22nd, Skrill will halt receiving GBP … Read more
New York authorities have ended operations of the Signature Bank, one of the major crypto sector banks. This event marks the third instance of a US bank failing within a week. In a joint statement, Federal Deposit Insurance Corporation Chair, US Treasury Secretary, and Federal Reserve Board Chair purported that all Signature Bank customers would … Read more
In recent months, the US Securities and Exchange Commission (SEC) has become very aggressive against cryptocurrency firms. Most importantly, it has become extremely aggressive against the staking and lending services offered by cryptocurrency firms to the US locals. The regulator has continued targeting several firms from the cryptocurrency industry that have offered lending/staking services to … Read more
The recent drop in the price of bitcoin may be attributable, at least in part, to the imposition of legislative constraints. It appears to be the explanation with the most probability. It is now below $20,000 thanks to this decrease. Investors are selling because falling stock prices and concerns about increasing interest rates are driving … Read more
Since the advent of the cryptocurrency industry, the government and the regulators of the United States have tried hard to pressurize the crypto industry. Whether it is the crypto firms, mining firms, NFT marketplaces, or any other segments within the crypto-verse, the US regulators want to ban all of them. However, the US administration and … Read more
The Binance exchange has just shared an update, which is related to the Proof of Reserve (PoR) of their platform. The exchange has announced having added more cryptocurrencies to its PoR. Binance Adds More Crypto to PoR The teams at the Binance exchange announced on March 7 that they have added more tokens to the … Read more
As of today, the overall cryptocurrency market performance is somewhat mixed. The trading performances of the cryptocurrencies (whether major or minor) have been mixed in the latest sessions. The entire ecosystem of cryptocurrencies has become very uncertain and unpredictable due to recent developments. Even the largest cryptocurrencies such as Bitcoin and Ethereum have become unpredictable. … Read more
Dogecoin (DOGE), one of the most talked about meme coins as well as the crypto token in the year 2022 is still facing a downtrend. It was back in June 2022 when DOGE had reportedly entered the symmetrical triangle. Despite the bullish trend since the beginning of 2023, the asset has found it difficult to … Read more
The Fast Payments Council (FPC) and Ripple have recently carried out a survey to establish the interest level of merchants in cryptocurrencies. They have recently carried out a joint survey to establish what the merchants want to do with cryptocurrencies in the upcoming years. The survey has revealed that half the total merchants want to … Read more