This week, BTC, ETH, ADA, and other top assets record massive surges following institutional demands for digital assets. The price of Bitcoin moved past $31,000 for the first time in one year, hitting $31,300 temporarily before a slight correction.  Market bulls are relishing the present status quo as the total market capitalization tops $1.2 trillion after weekly gains. The digital […]

Bitfinex’s utility token, LEO, stands out from the crowd with positive moves amid the market-wide downturn that suppressed most coins. It saw an 8.69% price increase on the day and added 11.42% over the past seven days, which placed it among the top-gaining coins on the last day. LEO token’s move today follows a consistent price increase since June 20, after […]

The International Monetary Fund (IMF) appears to be adopting a more measured approach towards cryptocurrencies as the digital assets landscape evolves. In a blog post published Thursday, June 22, the global lender discussed the potential effectiveness of banning crypto assets calling for a more receptive approach to managing them. Delving into Latin America and Caribbean (LAC) region, the lender highlighted […]

Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider. This news comes after Wirex’s competitor, Cryptopay, also announced that […]

Belgium’s Financial Services and Markets Authority has ordered Binance to cease its operations in the country.  The regulator has taken issue with the exchange offering crypto services from non-EEA countries.  The FSMA has indicated that the crypto exchange may have to face criminal charges for its actions.  The exchange has been asked to return all crypto assets belonging to Belgian […]

Bitcoin, the leading cryptocurrency by market capitalization, seems to have entered a phase of consolidation above the $30,000 mark following a notable surge of over 10% on Tuesday.  While the price movement has generated a lot of interest among investors, it remains uncertain whether Bitcoin will maintain its upward momentum or experience a pullback in the coming days. Bitcoin Uncertain […]

American venture capitalist Alfred Lin, a partner at Sequoia Capital, stood up for the firm’s multimillion-dollar investment in the now-bankrupt crypto exchange FTX.  Speaking at Bloomberg’s Tech Summit, Lin said if he were tasked with evaluating FTX again for the first time, Sequoia would likely make the same investment decision. “I looked at the work we did in 15 different […]

Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March. According to a June 23 report from Bloomberg, the Federal Deposit Insurance Corporation (FDIC) provided documents suggesting that Circle, Sequoia and others were covered for deposits in the billions of dollars. The Federal Reserve […]

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 A Montenegro court has accepted a bail payment on behalf of Do Kwon, the disgraced crypto executive behind fallen digital currency firm Terraform Labs. The company established the crumbled algorithmic stable currency known as Terra USD. Do Kwon is Out on Bail At the time […]