On Tuesday, the cryptocurrency market went down because there were rumors that cryptocurrency exchange FTX might go bankrupt and questions about the health of its sister company, Alameda Research.
When Binance founder Changpeng Zhao announced over the weekend that the business would liquidate its $FTT holdings, investor confidence was rattled.
Multiple on-chain data sources show that clients of FTX, the third largest crypto exchange by …
Nubank, the biggest digital bank in Brazil, is ready to launch a new loyalty program based on cryptocurrency for its more than 65 million members in Latin America.
The bank, which has locations in Mexico, Colombia, and Brazil, announced on Wednesday that it wants to make its own digital currency. Several news organizations have quoted a statement saying that the project is part of a new loyalty program that Nubank plans to start in the nex…
Last week, someone broke into the BNB Chain Bridge and used fake withdrawal proofs to get exactly 2,000,000 BNB. At the time, the net value of the stolen BNB was around $566 million. Now that Binance has finished its twenty-first quarterly burn of BNB tokens, the losses from last week’s bridge attack have been made up for.
When BSC chain validators stopped the network because of the attack, the hacker lost most of these coins. T…
Tether, the company behind USDT, the most valuable stablecoin on the crypto market at $69 billion, has sold all of its commercial paper.
The bulk of the company’s reserve assets are now invested in U.S. Treasury Bills. T-Bills are Treasury-backed, short-term U.S. government debt obligations having maturities of one year or less.
USDT Assets – Tether
The popular cryptocurrency tied to the U.S. dollar said that the move is part of its …
The oldest bank in the United States is starting to offer services for digital currency to its clients.
BNY Mellon, which has been around since 1784, is making a cryptocurrency custody service that will let customers keep Bitcoin assets and other investments on the same platform. On Tuesday, the bank issued a press statement introducing its new platform, Digital Asset Custody.
The offering is a response to the growing interest in the ne…
