Markets

Tether executives are reportedly facing a probe from the US Department of Justice (DOJ), as prosecutors are looking into the company’s past activities with its banking partners. According to Bloomberg on Monday (July 26, 2021), the information came from three anonymous sources familiar with the matter. The DOJ is investigating whether banks were aware of the crypto-based transactions carried out by Tether. USDT is the largest stablecoin by market capitalization. The total...

Amidst the constant scrutiny met from global financial institutions as well as regulators, Binance has decided to reduce trade risks by adopting two measures.In addition to the delisting of the margin trading pairs, Binance has also decided to bring down the maximum leverage from 100x to 20x.Binance is the world’s largest crypto exchange platform that allows a wide variety of traders and investors to play around with both fiat and cryptocurrencies. It helps customers take advantage of the...

Ethereum hit the high, after climbing more than 8% in 24 hours and nearly 23% in one week, as several other assets also rise. Ethereum (ETH) has risen 8% to record a 3-week high of $2,587 on Monday, July 26th, despite not being the overall top gainer for the day. The second-largest cryptocurrency was one of several tokens to continue building upon a recent resurgence in recent weeks. A resurgence, which has seen the overall market value of crypto rise to $200 billion. Several factors may be...

We all know Elon Musk, he is a pretty famous person in the world, and also one of the most influential people in the world. And, we also saw, with just a few tweets, how he changed the world. However, because of that, many people did not trust him, saying that he had abused his influence to manipulate the market to benefit himself. What a bad idea! And we, the supporters of Elon Musk, have launched the platform we are about to talk about below. In this article, we will...

[Featured Content] Decentralized finance (DeFi) and non-fungible tokens (NFTs) are two sectors of the crypto economy that have recorded massive growth over the last year. As of the time of writing, data show that both markets are worth about $79.59 billion. Bunicorn to Reshape Liquidity Mining As part of its efforts to promote the growth of DeFi and NFT adoption, Bunicorn, a Binance Smart Chain-based Automated Market Market (AMM) project, has launched an innovative product...

The bulls have resumed control over the market in the past few days and have pushed bitcoin to a near three-week high at almost $35,000. The alternative coins have also benefited from these developments, with ETH closing down to $2,200 and DOGE sitting at $0.20. Bitcoin Taps an 18-Day High Ever since bitcoin bottomed at $29,200 on July 20th, the cryptocurrency has been on a roll. It bounced off immediately and reclaimed $30,000 in just a few hours. Shortly after, more...

David Lindberg – Chief Executive of retail banking at NatWest – warned investors to beware of dealing with digital assets in Britain. In his opinion, the market there is full of fraudsters who create fake cryptocurrency exchanges to lure users into thinking they are investing. ‘Fraud And Scams Are an Industry’ One of the top executives at the leading British bank NatWest – David Lindberg – alerted that the UK is not the best place for crypto investing. To him, the Kingdom is...

Continuing a long streak of crypto companies that have gone public, popular trading app Robinhood is the latest digital currency enterprise to announce an IPO (initial public offering). The company is alleging that it will garner as much as $2 billion in new funds from the event it is planning to hold in the next few months, according to a statement filed with the Securities and Exchange Commission (SEC). Robinhood Is Set for Its Public Debut Shares will start out at...

Most blockchain-based startups have seen funding from venture backers, despite the current cryptocurrency market downturn, recording over $4 billion in Q2 alone. This massive venture capital backing is in keeping with the established trend of VC funding for blockchain firms as investors look to be part of the new wave of disruption associated with decentralized finance. VC Backers Continue to Dole Out Funding for Blockchain Startups According to CNBC on Thursday (July 22,...

Bumper Finance’s eagerly awaited liquidity provision program has now launched. Day 1 investors are already steaming in to take advantage of the superb APR on offer for those participating. The innovative protocol aims to calm the nerves of crypto investors by offering a unique set of protections against asset volatility. It hopes to empower holders of crypto by offering a safety net under their portfolios, and by doing so bring a sense of certainty to the occasionally...