News Recap 2023 #Week30
• Stablecoin dominance slides as market cap falls to near 2-year lows: CCData The market capitalization of stablecoins has hit the lowest level since August 2021 following 16 consecutive months of decline, a new report says. Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start […]
News Recap 2023 #Week29
• Breaking: Judge rules XRP is not a security in SEC’s case against Ripple Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled partially in favor of the company in a case brought forth by the Securities and Exchange […]
News Recap 2023 #Week28
• Top Binance Execs Leave Company Over CZ’s Handling of DOJ Investigation: Report At least three senior officials have departed embattled crypto exchange Binance this week as the company prepares to defend itself on multiple fronts, Fortune reported on Thursday. Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance […]
News Recap 2023 #Week27
• HSBC rolls out cryptocurrency services in Hong Kong: Report Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services. HSBC has enabled its customers to buy and sell Bitcoin based exchange-traded funds (ETFs), local journalist Colin Wu reported in a tweet […]
News Recap 2023 #Week26
• The Great Accumulation of Bitcoin has begun, says Gemini’s Winklevoss Recently renewed optimism for an approved Bitcoin (BTC) spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits. Cameron Winklevoss, the co-founder of cryptocurrency exchange Gemini, stated on June 21 that he believes “The Great Accumulation” of Bitcoin has begun between institutions […]
News Recap 2023 #Week25
• USDT selling sets off alarm bells as Curve, Uniswap pools flooded with tethers Speculation is mounting that Tether’s USDT, the largest stablecoin by market capitalization at around $83.4 billion, may be under pressure. There is currently no indication of a USDT depeg and USDT is trading at almost exactly one dollar. However, a stablecoin, […]
News Recap 2023 #Week24
• Breaking: Binance.US suspends USD deposits, warns of fiat withdrawal pause Binance.US has announced the suspension of United States dollar deposits and has notified its customers of an incoming pause to fiat (USD) withdrawal channels as early as June 13. On June 9, Binance.US announced that it was forced to take action amid “extremely aggressive […]
News Recap 2023 #Week23
• Gate.io denies liquidity problems after Multichain CEO goes missing Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as rumored.” The statement comes after numerous Twitter channels had alleged that the exchange was experiencing insolvency due to an alleged connection between it and […]
News Recap 2023 #Week22
• Digital Currency Group to shutter institutional trading unit TradeBlock Venture capital conglomerate Digital Currency Group (DCG) is closing its prime brokerage subsidiary TradeBlock, citing the state of the broader economy and an uncertain regulatory environment for crypto in the United States. According to a May 25 report from Bloomberg, TradeBlock, led by Breanne Madigan, […]
News Recap 2023 #Week21
• Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Pop Pakistan’s government has hardened its stance against cryptocurrencies, even as retailers continue to hedge their financial bets against a devaluing Pakistani rupee partly due to a volatile political situation in the nation. Cryptocurrencies will “never be legalized in Pakistan,” said Minister […]
