Crypto news

BitRiver –  Russia’s largest data center services provider – is pondering over filing a lawsuit against the US Treasury Department for adding the company to the sanction list last month. Besides, the firm accused the US of breaching WTO rules through the act of promoting unfair competition and lobbying for the US mining industry. BitRiver Called US Accusations “Unfounded and Untrue” According to its press release, BitRiver argued that it is a 100% private company with no...

Legacy American investor Bill Miller revealed he sold some “liquid stuff” to satisfy margin calls as bitcoin might be one of those assets. However, the billionaire remains a keen proponent of the primary cryptocurrency, describing it as an “insurance against financial catastrophe.” Not Changing his Stance The US investor, fund manager, and philanthropist Bill Miller stands as one of the most popular bitcoin supporters. He further strengthened his stance during the COVID-19...

Leading African PR firm African Media Agency is forming a partnership with Tech Next, a tech-based media enterprise that seeks to educate its readers on digital currency and blockchain trends. African Media Agency Will Help Crypto in Africa Get Bigger In addition, the partnership will provide visibility to Coinference 2022, which is set to occur in early October of this year. Coinference is a special conference that takes place to assist the growing cryptocurrency arena....

Terra co-founder Do Kwon has unveiled a revival plan for the Terra community, which will involve abandoning the UST stablecoin entirely. Instead, he suggests that validators reset network ownership under a new token by forking the chain, and distributing it to fairly compensate all damaged parties. UST Has Failed, says Do Kwon In a forum post on Friday, Kwon argued that Terra (LUNA) has been diluted to such a degree that its joint ecosystem with TerraUSD (UST) can no longer...

According to US prosecutors, the Co-Founder of the cryptocurrency exchange BitMEX – Arthur Hayes – should stay behind bars for more than 12 months because his company violated anti-money laundering laws. It is expected that the court will sentence him to spend between six months and one year in federal prison since he pleaded guilty to breaching the Bank Secrecy Act in February. One Year is Is Not Enough The digital asset exchange and derivative trading platform – BitMEX –...

Binance is looking to create several educational programs for crypto traders in India. The world’s largest and most popular crypto exchange by daily trading volume is producing three key educational initiatives and will provide access to several blockchain and crypto-based learning materials. Binance Is Creating Classes for Traders in India Leon Foong – head, APAC, Binance – explained in an interview: This represents an opportunity for us to play our role in educating...

Ethereum whales have registered a sharp uptick in activity in the past few days, making nearly 2,600 transactions worth over $1 million each yesterday alone. This is the highest number of such transaction activities in a day since January. 🐳 #Ethereum‘s whales have been extremely active today, firing off 2,596 transactions valued at $1M or more. This is the highest day of whale transactions since January, and something to monitor if $ETH drops below $2k for the first time...

In the aftermath of Terra (LUNA)’s price collapse, multiple crypto exchanges have begun preventing users from buying or selling the token. However, Crypto.com has taken measures a step further, opting to reverse LUNA trades taking place in a certain time frame on May 12th. In an “important update” on Friday, CryptoCom claimed that users who traded LUNA in the hour from 12:40 – 13:39 (UTC) were “quoted an incorrect price”. Trading of the token was halted after the exchange...

This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion were wiped off the total cryptocurrency market capitalization. Terra’s ecosystem was at the forefront of it all, so let’s unpack. On May 9th, UST – the algorithmic stablecoin of the Terra ecosystem, lost its peg. It fell to about $0.95, but no one was prepared for what happened after that. On the following day, UST continued losing value as the Luna Foundation Guard...

INTERNET CITY, DUBAI, May. 12, 2022 – LBank Exchange, a global digital asset trading platform, will list ENTERBUTTON (ENTC) on May 16, 2022. For all users of LBank Exchange, the ENTC/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on May 16, 2022. Satisfying both the reality and the metaverse, the ENTERBUTTON (ENTC) provides an innovative platform that allows luxury goods to reach their full potential as an asset not only in the physical...