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Ether Breaking Out Ahead of Ethereum’s Shanghai Upgrade
Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has been gaining momentum in the past few days, outperforming bitcoin (BTC) by 14% this year. According to a research report by Bernstein, one of the main drivers of ether’s rally is the upcoming Shanghai upgrade of the Ethereum network, which is scheduled for April 12.…
Read MoreCrypto exchange Binance expands in Argentina amid inflation and regulatory challenges
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it is expanding its services in Argentina, a country that has been struggling with high inflation and strict capital controls. The exchange said that it will allow users to buy and sell digital currencies directly with Argentine pesos through a local partner, making it…
Read MoreBittrex shutting down its U.S operations
Bittrex, a cryptocurrency exchange founded in 2014 by three Amazon alumni, has announced that it will shut down its US operations due to regulatory challenges. The exchange cited a regulatory environment that has made it “no longer feasible” to operate in the country. Bittrex’s US operations will wind down effective April 30, 20232. However, its…
Read MoreFTX Europe launches a website to allow its customers to submit withdrawal requests
FTX Europe, the European subsidiary of FTX, has launched a website to allow its customers to submit withdrawal requests, nearly five months after the global crypto exchange went bankrupt. The website, https://ftxeurope.eu/, was approved by the Cyprus Securities and Exchange Commission (CySEC), the regulator of FTX Europe, according to an email sent by the platform…
Read MoreCardano Users Soon able to Access Ethereum Dapps Directly From ADA Wallets
Cardano Users Soon being able to Access Ethereum Dapps Directly From ADA Wallets Cardano, one of the leading smart contract platforms, is making strides in expanding its utility and interoperability with Ethereum, the largest and most popular blockchain for decentralized applications (dapps). According to a recent announcement by Sebastien Guillemot, CEO of Milkomeda, a network…
Read MoreRipple, XRP and the SEC
XRP is a cryptocurrency that is closely associated with Ripple, a company that provides the infrastructure for cross-border payments. XRP is also the subject of a legal dispute between Ripple and the US Securities and Exchange Commission (SEC), which could have significant implications for the future of crypto regulation in the US. The SEC sued…
Read MoreBinance crypto exchange in trouble with the various governments
Binance is the world’s largest cryptocurrency exchange, handling about $23 trillion in trades in 2022. However, the platform has been facing increasing regulatory pressure from various governments, including the US and the UK, over its compliance and security practices. In March 2023, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and…
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