Billy Markus teamed up with Jackson Palmer in 2013 to create Dogecoin, a well-known cryptocurrency influenced by memes. The genesis of DOGE stemmed from the popular meme image of Kabosu dog and served as a humorous take on Bitcoin. Although Palmer rarely engages on Twitter or X platform now, Markus is an active user and … Read more
Bitcoin enthusiasts are eagerly counting down the days until the next halving event, which is set to take place on April 20, 2024. With just two days left, there’s a sense of anticipation within the crypto community as investors closely monitor the price swings of Bitcoin (BTC) in the midst of the current market downturn. … Read more
Binance Holdings Ltd. has made an important advancement by securing a complete Virtual Asset Service Provider (VASP) license in Dubai. This accomplishment underscores Binance’s dedication to navigating intricate regulatory environments and growing its international footprint. In accordance with the terms of the license, Binance’s co-founder Changpeng “CZ” Zhao chose to surrender his voting power in … Read more
In a significant step to ensure regulation and security in the rapidly growing digital finance sector, US Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Payment Stablecoin Act. This legislation, developed over several months, aims to create a robust regulatory framework for payment stablecoins, addressing issues related to their usage and potential risks. Bipartisan … Read more
In a fiery response, XRP lawyer John Deaton criticized Senator Elizabeth Warren on social media platform X for her letter to Treasury Secretary Janet Yellen raising concerns about stablecoins being used by terrorist groups and rogue nations. XRP Advocate John Deaton Takes Firm Stand Against Warren Deaton pointed out that Senator Warren’s efforts were misaligned … Read more
The price of Bitcoin has been uncertain as it approaches the anticipated halving event, causing concern among analysts and investors. A significant sale of $1 billion in Bitcoin to Binance by an anonymous investor has increased market turbulence and heightened debates about Bitcoin’s near-term prospects. Whale Dumps $1B BTC Sparking Speculations Recently, an unexpected move … Read more
On Wednesday, there was a total withdrawal of approximately $165 million from Bitcoin ETFs, marking the fourth straight day of outflows this week. Global investors are keeping a close eye on the highly anticipated Bitcoin halving event, scheduled for later in the year. The cost of a bitcoin dipped down to $59,678 due to deteriorating … Read more
The dispute between Ripple Labs and the US Securities and Exchange Commission (SEC) regarding the classification of XRP as a security is expected to reach the US Supreme Court, with this possibility becoming more likely following a recent court decision in the Coinbase case. This judgment, presided over by Judge Katherine Failla from the Southern … Read more
The global number one cryptocurrency exchange, Binance, has declared that it will change its User Asset Security Fund (SAFU) into Circle’s US Dollar Coin (USDC) stablecoin. In an announcement, Binance praised Circle’s USDT as an “audited” and “trusted” stablecoin. Back in July, Binance established an emergency fund to protect its users. A share of the platform’s … Read more
Following an earlier ban by the Indian government this year, Binance, the leading global cryptocurrency exchange, is planning to make a comeback into the Indian market. According to insider information, Binance will pay around $2 million as part of its plan to re-enter the market. The exchange aims to function as a registered entity under … Read more