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The US-based trading platform Binance has been accused of misleading its users. The accusation stems from last month’s incident with Terra UST and its destroyed blockchain system. The lawsuit was filed in the city of California, with Roche Freedman LLP being the law firm behind it. What is the Lawsuit? When it listed the terrausd (UST), the lawsuit charged Binance US with not showing commitment to its consumers. They were failing to comply with[…]
Paypal has fulfilled the request of many customers by allowing cryptocurrency transfers. They set out a new rule that users can transfer cryptocurrency from their accounts to other exchanges. Jose Fernandez Da Ponte, the general manager of cryptocurrencies at Paypal, has spoken about this new feature. “This feature was the most demanded from our users since we began offering the purchase of crypto on our platform.” This feature will open many doors for PayPal[…]
Japan is to pass a new cryptocurrency law. There have been many incidents of criminal activity, and therefore the new law is meant to protect crypto users from scams and the like. The new Japanese law will allow the seize of crypto assets that have been through illegal activity. The country’s Justice Ministry sent out a report. The Justice Ministry intends to revise the law governing crypto seizures in instances involving criminal activity. There[…]
Bitcoin has been trying to recover from its low of weeks; where does it stand today? The largest cryptocurrency in the market cap has attempted to pass the USD 31,500 level but has not succeeded. The price now stands at USD 29,500. Bitcoin today is down by close to 6%, and in a week, it has fallen 7%. The other cryptocurrencies similar to bitcoin have tried to gain power, unfortunately unsuccessfully. Ethereum is trading[…]
What is Luna? The Luna classic token known as (LUNC), the original token of the Terra blockchain, is on crash mode. Terra was launched in 2018, and the collapse of the blockchains algorithm stable coin TerraUSD in May resulted in a new blockchain. This new blockchain Terra 2 inherited the famous Luna name, and the previous token was rebranded to Luna classic (LUNC). The firm that created the coins anticipated that the protocols and applications[…]
Ethereum is near the $2,000 level against the US dollar. The price of ETH has suggested that gains might be extended in the foreseeable future. The asset is on the road to recovery of over $1,920 and $1,940. It currently stands at $1,920. This makes the hourly chart of the second-largest crypto on a bullish collecting trend near $1,975. If it succeeds in going above $2,000, this can lead to future gains. The price even[…]
The Ethereum merge will make a significant change in the crypto world. Ethereum is a well-known altcoin and the second-largest cryptocurrency in the market cap. In 2022 experts expected Ethereum to spike to above 400%. However, due to the Bitcoin crash in May 2022, other cryptos crashed with it, Ethereum and Solana included. Over the years, Ethereum has grown immensely. It made it up to the top ten list standing as the second biggest[…]
Bill Ackman, the founder of Pershing Square Capital Management, tweeted that if the Federal Reserve doesn’t interfere with Inflation; the stock market could crash. In Ackman’s words, “Inflation is out of control. Inflation expectations are getting out of control, markets are imploding because investors are not confident that the Federal Reserve will stop Inflation. If the Fed doesn’t do its job. The market will do the Fed’s job, and that is what is happening[…]
The CEO of Bitmex, Arthur Hayes, believes that Ethereum will reach $10k by 2023. In a blog post in April, he claimed that Ethereum would drop and we saw that happen. He then said it would reach $10,000 by the end of 2022 and the beginning of 2023. Predictions for Ethereum: Hayes predicted at the beginning of April that Ethereum would fall to $2,500 by June when it was at the time standing at[…]
Crypto prices are falling again today; why? The crypto market now stands at $1.26 trillion a day after the crypto prices were showing minor signs of recovery. The crypto market cap has been hovering between $1.24 trillion – $1.31 trillion. It was having difficulty passing this range when it experienced a jump to $1.31 trillion on Monday, which is a 3.66% rise. According to CoinMarketCap, the Monday highs did not last long. Over the[…]