Huobi explains what went wrong with HUSD after stablecoin is back on track
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply...
Month: August 2022
Korea’s ‘poop-coin’ reached the end of its pipeline, inventor reveals
Though interest in the BeeVi project and its associated digital currency dried up, the Korean professor said he still sees...
Biden is hiring 87,000 new IRS agents — and they’re coming for you
The Internal Revenue Service is hiring a fleet of new agents. And they’re probably coming for you — regardless of...
SBI lost 40% of hash rate after stopping mining in Russia: Data
After terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in...
NFTs democratize music industry and redistribute song rights
EDM artist R3HAB and music community anotherblock are using NFTs to share song royalties with everyone involved in the process...
Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis
Analysts are divided on whether the potential NFT liquidation event is a buy-the-dip opportunity. Many owners of precious Bored Ape...
The Philippines pushes back against foreign exchanges, continuing a protectionist streak
The Central Bank of the Philippines warns the public against using non-local crypto trading platforms. The pressure on crypto is...
MTV introduces the ‘Best Metaverse Performance’ award category
Six metaverse musical acts are up for nomination, including Ariana Grande, Justin Bieber and the K-Pop group BTS. The 2022...
Can exchanges create imaginary Bitcoin to dump price? Crypto platform exec answers
Serhii Zhdanov called for broader regulation in offshore crypto exchanges that do not go through financial audits. One of the...
Crypto market bloodbath leads to over $500M in liquidations in 24 hours
Data from crypto analytic firm Glassnode shows future long liquidation of BTC touched a new 8-month high as BTC price...
Weak address growth points to Bitcoin price failing to sustain $25K
Active addresses did not mimic previous successful price breakout this month, one analyst says, while seemingly realized price returns as...
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is...
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not...
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management. Cryptocurrency lending firm Hodlnaut has cut most...
Bitcoin ‘very bearish’ below $22.5K says trader as BTC price dives 6%
Sudden bearish sentiment takes hold as BTC price action returns to an area not seen since late July. Bitcoin (BTC)...
