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Tag: News

Circle's USDC goes to war with USDT

Circle goes to war with Tether

In a recent blog post on the Coinbase website, the company said that it is going to fight Tether, a controversial stablecoin that has been linked to scandals and problems for a long time. Tether has been under scrutiny for years due to its questionable relationship with the Bitfinex exchange and its lack of transparency regarding its backing. This has led to concerns about whether Tether is actually backed by the US dollar, as it claims to...

Cryptocurrencies, Front page, Main, News, Stablecoins

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Crypto Today: The worst; BTC Decoupling; FTX Impact

Crypto Today: The worst; BTC Decoupling; FTX Impact

Is the worst nearly over?  In this still-emerging business, volatility has always been a constant. Cryptocurrency is infamous for its steep declines and spectacular recoveries. Long-time Bitcoin supporters can confirm that this is not the first crypto winter. May cryptocurrency prices and stocks recover in 2023? Hany Rashwan, CEO of 21.co, a cryptocurrency investment business, said, “It is very evident that we as an...

Bitcoin, Cryptocurrencies, News

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BlockFi - bankruptcy - chapter 11

BlockFi’s U.S. bankruptcy filing

Two weeks ago, BlockFi banned withdrawals owing to “lack of clarification over the fate of FTX.com, FTX US, and Alameda.” As previously mentioned by the BlockFi team, the move would be directly spurred by the demise of FTX, the business that initially offered a $400 million credit line to fund the crypto-lending startup. This is in addition to the exchange formed by Sam Bankman-option Fried’s to acquire for an additional...

Cryptocurrencies, Front page, Main, News

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genesis block - crypto company

Genesis Block to Halt Operations Amid Potential FTX Repercussions

The FTX’s contagious impact continues to spread across the cryptocurrency sector. Genesis Block, once Asia’s biggest Bitcoin ATM provider, is one of the enterprises in the cryptocurrency industry suffering from the FTX crash. According to a Reuters report, which was picked up by other media outlets, the business notified its customers via email that it would stop its OTC trading facility on December 10. OTC trading, also known...

Crypto adoption, Crypto regulation, Cryptocurrencies, Exchanges, Front page, Main, News

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El Salvador wants one Bitcoin a day

Recently, in response to the FTX problem, the president said that this exchange was antithetical to the essence of Bitcoin. A few hours ago, he revealed on Twitter a significant decision: beginning immediately, he will purchase one Bitcoin each day. Bitcoin (BTC) has seen a price decrease of 64.69 percent so far this year as a result of the cryptocurrency crisis, which has been triggered by a number of events, including the failure and...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, Main, News

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