Crypto news

The US-based cryptocurrency exchange – Kraken – joined the list of platforms restricting services to Russian consumers. The decision comes as a result of the latest sanctions that the European Union (EU) imposed on the largest country by landmass for its invasion of Ukraine. Other trading venues that have already ended ties with Russian users include BlockchainCom, CryptoCom, and more. Russia’s military campaign in Ukraine, which started in February, caused the Western world...

Leticia James – New York’s attorney general – is joining several other states in a class-action lawsuit against cryptocurrency firms Nexo Inc. and Nexo Capital Inc. for allegedly lying to clients about their registration statuses. Leticia James Wants to Get Nexo in Court Should James and the remaining states win the lawsuit, it would require that both Nexo companies forfeit whatever profits they likely made over the past several years. The subject of the lawsuit involves...

Earlier this week, the crypto billionaire riled the industry by suggesting ways to confront the legal and hacking woes plaguing the ecosystem. Erik Voorhees, ShapeShift co-founder, is the latest one to detail concerns regarding the draft. The OFAC Conundrum While Voorhees noted that rules are important and that “voluntarily-adopted” standards are noble because they are achieved through coercion and violence, not consent and market forces, the same cannot be said for...

Bitcoin, Ethereum, and the crypto space in general have not been doing well for nearly a year. The world’s number one digital currency by market cap has fallen from its November 2021 all-time high of about $68,000 per unit to roughly $19,000 at the time of writing. That’s a loss exceeding 70 percent, and it makes the bearish conditions of 2018 look tame by comparison. The crypto market has also lost more than $2 trillion in valuation. Bitcoin Has Remained Somewhat...

United States-based cryptocurrency exchange FTX.US was approved by the bankruptcy court to enter the asset purchase agreement with the bankrupt crypto lender, Voyager. According to the official announcement, FTX.US is valued at nearly $1.422 billion. Voyager said it will move forward with a customer vote on the broader recovery plan, which entails the implementation of the sale to the crypto exchange. The voting deadline on the same is scheduled for November 29. The embattled...

INTERNET CITY, DUBAI, Oct. 18, 2022 – LBank Exchange, a global digital asset trading platform, will list Pocket ProjecT (PPT) on October 20, 2022. For all users of LBank Exchange, the PPT/USDT trading pair will be officially available for trading at 8:00 UTC on October 20, 2022. Utilizing the power of blockchain technology, Pocket ProjecT (PPT) is here to keep as many people active as possible with its M2E reward system. Its native token PPT will be listed on LBank...

INTERNET CITY, DUBAI, Oct. 21, 2022 – LBank Exchange, a global digital asset trading platform, has listed TUTOR Token (TUR) on October 21, 2022. For all users of LBank Exchange, the TUR/USDT trading pair is now officially available for trading. As a decentralized tutoring protocol based on blockchain technology, TUTOR is here to help develop the world by teaching others their own strengths. Its native token TUTOR Token (TUR) has been listed on LBank Exchange at 6:00 UTC...

INTERNET CITY, DUBAI, Oct. 19, 2022 – LBank Exchange, a global digital asset trading platform, will list Swing DAO (SWING) on October 21, 2022. For all users of LBank Exchange, the SWING/USDT trading pair will be officially available for trading at 13:00 UTC on October 21, 2022. Emerging at the forefront of blockchain innovation, Swing DAO (SWING) builds a truly decentralized ecosystem and utilizes its multi-sig treasury to provide the community the ability to make their...

INTERNET CITY, DUBAI, Oct. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed Keystone (KEG) on October 20, 2022. For all users of LBank Exchange, the KEG/USDT trading pair is now officially available for trading. As a blockchain based e-commerce platform for global users, Keystone Project was created with innovative technology and all-round experience that connects manufacturing, distribution, and e-commerce consumption. Its native token...

Bitcoin continues to trade without any substantial moves in either direction on low trading volumes, similar to previous weekends. Most alternative coins sit quietly as well, with ETC and APT being among the few exceptions, posting notable gains. Bitcoin Stalls at $19K The past seven days were significantly less volatile than the previous week, in which BTC went from $19,000 to $18,200 and up to $20,000 in a matter of 24 hours after the latest US CPI numbers came out....