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Binance invests a lot of money in stable asset Curve

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Binance Labs, the investment side of the world’s largest and most popular digital exchange, has put $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance puts a lot of money on the curve At the time of writing, Curve is valued at approximately $2.4 billion and witnesses a daily…

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Tether, Issuer of USDT, Reports 30% Drop in Profits

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USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…

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Gaining speed on tokenization is vital for the UK’s financial future, warns a banking group

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UK Finance says it’s not too late for the UK to catch up with other jurisdictions’ quicker start to tokenizing securities, and it better do so if it wants to remain a global financial leader. Advocacy group UK Finance is urging the British government to encourage the tokenization of securities. The market is small now,…

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Bitcoin Depot on Nasdaq

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The acquisition deal for the special-purpose company, first reported in August 2022, cost $885 million and is expected to allow investor exposure to Bitcoin Depot common stock. Bitcoin Depot, one of the largest cryptocurrency ATM companies in the United States, has announced the closing of a merger agreement allowing the company to go public. In…

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Coinbase Insiders, Including the CEO, Used Insider Trading to Avoid $1 Billion Losses

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A Coinbase insider recently filed a new lawsuit naming Coinbase (NASDAQ:COIN) insiders, including chairman and CEO Brian Armstrong, for using insider trading to avoid losses of $1 billion during the public listing of the shares two years ago. . The investor filed the complaint on Monday, May 1, in the Delaware Chancery Court. Furthermore, the…

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Ethereum price is vulnerable to further losses if it dips below $1,920

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Ethereum price extended its decline below $1,920 against the US Dollar. ETH may continue to fall if it breaks the $1,820 support zone. Ethereum price turns red Ethereum price gained bearish momentum after breaking below the $2,000 support. ETH extended its decline below the $1,950 and $1,920 support levels, similar to Bitcoin. The bears even…

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Fidelity expands its BTC and ETH trading to most retail accounts

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Amidst a severe banking crisis, Fidelity Investments opened access to bitcoin and ether trading to all of its retail traders. Amid several bank closures recently, Fidelity Investments stepped in to fill the void created by crypto-friendly banks to bridge the gap between digital and traditional funding. Previously, the Fidelity Crypto platform was only available to…

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Argentina’s Central Bank to issue a new 2,000 peso note as inflation continues to rise

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The Central Bank of Argentina has announced the issuance of a new 2,000 peso note, with the aim of alleviating the burden of using cash for payments in the country. The bill, which will be worth just over $5 USD blue (the informal exchange rate), is already being criticized as an insufficient measure. Central Bank…

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Bitcoin ATM locations increase 28% in Canada

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While downward trends in cryptocurrency prices have affected the growth of the industry, cryptocurrency-related developments continue to make headlines almost daily. This time, the North American country Canada has seen a huge increase in the installation of Bitcoin ATMs. According to statistics provided by Coin ATM Radar, Bitcoin ATM locations in Canada have increased by…