Tags : crypto

Regulation

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto

Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets. “Tether, which is the giant stablecoin, could be basically the Achilles heel of the entire Bitcoin operation, which is very worrisome because we don’t know what they own,” he told The […]Read More

Regulation

In throwback to Coinbase boss warning, the EU now looking

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing. Last year, Coinbase CEO Brian Armstrong raised concerns over rumors the U.S Treasury was moving to ban “anonymous non-custodial wallets.” This he deemed a step too far and would result in stifling the burgeoning crypto industry. In […]Read More

Regulation

SEC lays the smackdown on alleged $12 million crypto scam

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating. The SEC’s reputation has taken a hit […]Read More

Regulation

Crypto bank BlockFi faces regulatory block in New Jersey

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction. No BlockFi in New Jersey Forbes initially broke the news earlier today, citing a draft press release from the New Jersey […]Read More

Regulation

No shilling Dogecoin or Shiba Inu? How TikTok’s crypto ban

Celebrities shilling meme coins like Dogecoin, Shiba Inu, and Baby Doge Coin became a recurring theme throughout 2020 as the crypto markets rose. It initially came off as a real surprise to many—considering one of the biggest DOGE cheerleaders was Elon Musk, the world’s richest man, himself—but that sentiment slowly grew to disdain. The likes […]Read More

Cryptocurrency

Ethereum, Binance Smart Chain DEXs are eating their centralized crypto

While most metrics hit new all-time highs mid-way through the quarter, when the broader crypto market turned, many decentralized finance (DeFi) protocols saw activity decrease. Despite being negatively impacted by depressed market sentiment and downfall in price, the DeFi sector, witnessing a lot of competitive action, grew and developed in multiple ways, according to Messari’s […]Read More

Cryptocurrency

Cardano (ADA) retains its spot as the most ‘staked’ crypto

Data from proof-of-stake research platform Staking Rewards shows Cardano is the most staked chain, by value, in the cryptocurrency space. The Cardano network currently hosts $29.7 billion of ADA staked. While the next nearest token, Ethereum, comes in at a significantly lower $12.3 billion. @StakingRewards on Twitter.com However, staked value is a somewhat one-dimension metric […]Read More