Tether to transfer over 1B USDT from Tron to Ethereum, Avalanche blockchain
Stablecoin issuer Tether (USDT) has announced a chain swap transferring its USDT assets on Tron’s TRC20 to Ethereum and Avalanche’s blockchain. Tether announced in a tweet that 1 billion USDT will be transferred from Tron’s blockchain to Ethereum . An additional 20 million USDT will be converted to Avalanche, on the other hand. Tether claims […]
Binance Futures delists LUNA
Binance Futures, Binance’s derivatives arm, has delisted coin-margined LUNA perpetual contracts, following Terra network’s coins Luna (LUNA) and TerraUSD (UST) collapse. “To avoid automatic settlement, users are encouraged to cancel any open positions prior to the delisting time,” the site says in a statement. Binance Futures has also begun to settle contracts automatically, lowering leverage […]
Jeremy Spence aka “Coin Signals” gets 42 months in jail for crypto fraud
On May 11, Jeremy Spence a crypto trader was sentenced to 42 months in prison for operating a series of crypto funds that scammed around $5M from 170 investors who were unaware their crypto was used to fund a Ponzi scheme. The DOJ claimed that Jeremy Spence, 25, had defrauded investors out of millions of […]
Russia’s Bitriver Mulls To Challenge US Sanctions
Bitriver insists they aren’t helping Russia circumvent international sanctions. Bitriver, a leading Russian mining company, is considering suing the US Treasury Department, which recently designated the Swiss-registered company and several affiliated entities in a new round of sanctions against Russian businesses and individuals. The new sanctions imposed in response to the Ukraine war specifically targeted […]
Star Teen Filipino Race Driver Bianca Bustamante Unveils NFT Project to Achieve her F1 Dream
Bianca Bustamante, a 17-year-old rising motorsport star from the Philippines, announced that she is launching a groundbreaking project, The Dark Horse an NFT Access Pass that redefines the career progression of young athletes by embracing technology, social media, and community building in the age of blockchain and web3.0. The project will ultimately enable her to build […]