Stable Universal’s HUSD stablecoin has lost its peg to the US dollar The stablecoin was earlier launched in 2018, in collaboration with the Huobi crypto exchange Huobi Bitcoin exchange’s stablecoin HUSD has lost its peg to the US dollar and is currently trading at $0.88. HUSD Stablecoin Plummets To $0.88 ...
Summary: Major derivatives marketplace CME Group announced an addition to its crypto offerings on Thursday. The firm plans to launch options on Ether futures around September 12. Users can already trade Bitcoin futures options and ETH futures via CME. The news comes as demand for Ether options trading activity hit...
Summary: The Korea Financial Intelligence Unit announced a crackdown on illegal virtual asset service providers. Authorities named 16 crypto exchanges in a report on Thursday. KuCoin, Bitrue, and DigiFinex and believed to be among the exchanges in question. The websites operated by these exchanges could face a geoban soon as...
The new burn NFT feature launched by Phantom will help users to permanently burn spam NFTs The initiative has been launched to curb malicious activities on Phantom and bolster its security up a notch Solana blockchain-based Phantom wallet is amping up its security features by launching a new mechanism called...
TL;DR The leading meme coin, $Doge, is expanding its utility with the launch of the blockchain platform Dogechain. Dogecoin holders can bridge their holdings to Dogechain and interact with the networks DeFi Apps and potential future NFT marketplaces. Meme coins like Dogecoin and Shiba Inu rallied yesterday, with Dogecoin going...
Canadian investment management firm CDPQ has written off its $200 million investment to Celsius network The firm had earlier invested its stake in Celsius in October 2022 Leading investment management firm for pension and other Government funds in Quebec, Caisse de Depot et Placement du Quebec, popularly referred to as...
Summary: Michael Moro has left his role as the CEO of beleaguered crypto broker Genesis. Moro’s exit was announced alongside a 20% cut in the company’s workforce. Some 52 employees out of 260 staff are expected to leave Genesis starting Wednesday. Chief Operating Officer Derar Islim was appointed interim CEO...
Summary: Britain’s top financial regulator has approved Crypto.com as a registered crypto business. The FCA’s regulatory green light allows the crypto exchange to offer digital asset services in the U.K. under domestic financial laws. Authorities previously announced intentions to position the U.K. as a cryptocurrency hub. CEO Kris Marszalek said...
Crypto exchange Huobi is shutting its crypto derivatives trading in New Zealand Huobi has cited adherence to local compliance policies as the main reason for halting its crypto derivatives services in the region. Crypto exchange Huobi is shutting its newly launched crypto derivatives trading in New Zealand, months after launching...
Memecoins Dogecoin and Shiba Inu are top gainers of the current crypto market. Doge is up 9% ($0.08506) at press time while Shiba Inu is up 1% at $0.00001611 Meme cryptocurrencies Dogecoin and Shiba Inu are rallying ahead in terms of pricing as the market gradually recovers from its months-old...
Summary: Ethereum’s upgrade to a Proof-of-Stake blockchain would see some operations halt temporarily for Coinbase users. The crypto exchange said new ETH deposits and withdrawals would pause during The Merge as a precautionary measure. A similar pause for new ERC-20 token withdrawals and deposits was also announced. Coinbase Prime Institutional...
