Circle reportedly adjusts USDC reserves to avoid US default risk
The world’s second-largest stablecoin issuer wants to reduce its exposure to potential United States debt defaults. Stablecoin issuer Circle has...
Month: May 2023
Bitcoin Price Holds At $27,400 – Will US Unemployment Claims Be The Catalyst?
Bitcoin (BTC) price is back in the $27,000 zone with no signs of an exit soon. The king crypto is...
IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency....
Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling
Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to...
JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic
Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend...
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the...
‘We can’t keep putting band-aids on the current system’ — OKX CMO
OKX launches a new campaign calling for a rewrite of centralized legacy financial and digital systems using blockchain technology and...
Bitcoin miner Marathon Digital hit with another SEC subpoena
The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal...
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment...
Google I/O: Tech giant slings raft of new AI tools — So what’s coming?
Google unveiled a slew of AI features at its latest I/O conference, with new, improved AI models to be integrated...
To catch a scammer: Kraken builds fake crypto account to ‘bait’ fraudsters
A call-center scammer impersonating President Joe Biden attempted to steal what they thought was $450,000 worth of Bitcoin from a...
Ethereum derivatives flirting with bearishness: Mind the $1,820 support
The failed rally above $2,000 on May 6 has proven that ETH bulls are nowhere near comfortable adding leveraged longs....
Arbitrum’s DAO to receive over 3,350 ETH in revenue from transaction fees
Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum’s...
PEPE vs. DOGE: How the memecoins performed their first time hitting a $1B market cap
In a recent Cointelegraph Twitter poll, DOGE was voted as the memecoin that will have had the largest market capitalization...
Coinbase calls PEPE a ‘hate symbol,’ prompting calls to boycott the exchange
An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community.
