USDT market cap soars to $2B following sanctions on Tornado Cash
Since the U.S. Treasury Department sanctions on cryptocurrency mixer Tornado Cash, the market capitalization of Tether (USDT) tokens has grown by around $2 billion reversing a three-month-old downtrend. On August 8, the Office of Foreign Asset Control effectively banned Americans from using Tornado Cash by adding 44 addresses for the service’s USD Coin (USDC) and […]
Huobi exchange suspends derivative trading in New Zealand
Huobi Global crypto exchange has suspended all forms of crypto derivative trading services for users in New Zealand. Bitcoin exchange The suspension of derivatives trading in New Zealand was announced by Huobi Global. According to a statement from Huobi, the additional limitations on derivative offerings are necessary to ensure local laws are being followed. Derivative […]
BTG Pactual starts offering crypto brokerage services
The largest investment bank in Latin America, BTG Pactual, has started offering cryptocurrency brokerage services to its clients. Brazilian and Latin American banks have been hurrying to establish themselves in the cryptocurrency market. The demand for crypto assets in this region has dramatically increased amid shaky economic conditions. The BTG Pactual announcement was made the […]
Do Kwon breaks silence over Terra’s demise
Do Kwon has broken his silence over the demise of the algorithmic stablecoin Terra USD (UST) and LUNA, this has triggered negative reactions from the crypto community. The Terra CEO continues to be unpopular with the community despite Kwon’s attempts to defend himself in an interview. Podcaster Eric Conner contrasted Do Kwon’s predicament to that […]
Binance Employee’s LinkedIn Profiles Hoax
Scams on LinkedIn Profiles involving cryptocurrency can begin with unsolicited token listing proposals from persons posing as representatives of reliable crypto exchanges. Binance CEO Changpeng Zhao, widely known as CZ, said on Sunday that just roughly 50 out of 7,000 people claiming to work for the biggest cryptocurrency exchange in the world are genuine. On […]