Cryptocurrency News

Law firm Roche Freedman LLP has filed a class-action lawsuit against the American division of the crypto exchange Binance and its CEO Brian Schroeder on behalf of LUNA and the UST stablecoin investors. According to the 72-page complaint, Binance.US offered unregistered securities to US citizens,...

Crypto lending platform Celsius has suspended withdrawals, exchanges, and transfers between accounts “due to extreme market conditions.” The project token reacted with a fall. “We understand this is unfortunate news, but we believe that our decision to suspend withdrawals, exchanges, and...

Binance, the largest crypto exchange by trading volume temporarily paused Bitcoin withdrawals amid the market selloff as the price of the coin fell below $24,000. Binance CEO Changpeng Zhao or CZ announced about the issue on Twitter, saying that it was caused by a stuck transaction which led to a...

On Monday, June 13, Tron's algorithmic stablecoin USDD briefly lost its peg to the US dollar and dropped to $0.97. Half-hour USDD/USD chart of the Poloniex exchange. Data: Trading View. The decoupling occurred against the background of the collapse of the cryptocurrency market. At the time of...

Binance reported on its initiatives to help Ukrainian residents affected by the war. Binance representatives said that from April 26 to June 10, almost 70,000 people issued a cryptocurrency Binance Refugee Card. To receive financial support through it, users must contact non-profit partner...

Global financial markets were shocked another time as the US inflation hit a 40 year high. The annual rate of inflation rose to 8.6%. Reports came on Friday, and led to a sell off of global risk assets such as stocks and cryptos. In the last 7 days, the Bitcoin price fell by around 20.7%, dropping...

Jan Van Eck, CEO of VanEck Asset Manager, in an interview with Barrons, predicted the price of the first cryptocurrency to rise to $250,000. “But that could take decades. It is difficult to set a time frame for this,” he added. According to Van Eck, bitcoin has a bright future and has to reach...

Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted. Ripple defense lawyer James...

A senior official at Canada’s Central Bank said the number of residents who own crypto is growing fast and efforts to regulate the industry need to keep pace with the developments. During an interview with Reuters, the Bank’s Senior Deputy Governor Carolyn Rogers said the area is still small,...

In June, high temperatures in Texas led to record levels of energy consumption and impacted local bitcoin miners. On June 9, electricity demand in the state peaked at 75,437 MW, according to the state's main utility ERCOT. Many Texas-based miners have entered into agreements with the provider to...

Globally, the desire to invest in different cryptocurrency coins has increased. The trigger for this is the rise in the value of Bitcoin, Ethereum and other cryptocurrency coins - coins which were bought at meager sums at the time, and have now turned a number of people into millionaires. Everyone...

According to US Treasury Secretary Janet Yellen, it is extremely risky to invest pension savings in digital currencies. These are very volatile instruments, so Congress needs to take action. Yellen has repeatedly criticized virtual currencies in the past. According to her, such tools are used by...

Ethereum Layer 2 scaling solution Optimism was exploited and lost 20 M tokens. The hack happened as the crypto market-making company Wintermute accidentally provided the platform a multisignature address for the liquidity addition and facilitation of transactions. The address wasn’t deployed on...

It will take “at least two days” to restore the operation of the Osmosis blockchain platform, which has been unable to process transactions for a day due to an exploit. Users will be reimbursed for lost funds, the project team said. On May 8, the blockchain suspended block production due to a...

The Asian trading session on Thursday, June 9 started with a slight increase in the main indicators of business activity. Cryptocurrencies have also attracted capital, and bitcoin bounced back minimally. At the time of publication of this review, BTC was trading at $30,256. Altcoins are trading in...

American media personality Jim Cramer recommends buying Bitcoin or Ether. He is a believer in the crypto industry but advises only a speculative investment that's less than 5% of one's portfolio. The TV host told CNBC Make It he owns Ether and can't tell anyone not to own crypto. At first, Cramer...

The Chief Executive Officer of Galaxy Digital, Mike Novogratz says equity and crypto investors will see difficulties. However, he's still positive about the growth of crypto adoption. Novogratz finds BTC will continue to be a real macro asset as it's a store of value. During the Piper Sandler...

Digital currencies pose a security threat to the global payment infrastructure. This was stated by the founder and CEO of the British neobank Starling Bank Ann Boden. During the Money 20/20 fintech conference in Amsterdam, the organization’s CEO noted that many cryptocurrency wallets are...