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 […]
United Nations agency criticizes the use of cryptocurrencies
According to UNCTAD, stablecoins and cryptocurrencies are unstable financial assets that could worsen the situation for emerging economies. The impact of cryptocurrencies should be kept to a minimum in developing countries, according to the United Nations Conference on Trade and Development (UNCTAD). The organization claims that digital assets are unreliable financial instruments that could further […]
FTX and Paradigm Partner for ‘one-click’ futures spread trading
Together with the cryptocurrency exchange FTX, Paradigm has announced the start of spread trading. In a blog post on Friday, Paradigm said that FTX users would be able to use “one-click” trading with “no legging risk” for the spread between spot, perpetual, and fixed maturity futures on Bitcoin (BTC), Ether (ETH), Solana (SOL), Avalanche (AVAX), […]
Crypto Exchanges In India undergo Probing For Money Laundering
The Enforcement Directorate of India is looking into ten crypto exchanges for allegedly laundering more than $125 million in cryptocurrency. Ten crypto exchanges are being investigated by India’s Enforcement Directorate for allegedly laundering more than 1 billion rupees. This is more than $125 million in digital money equivalent.According to The Economics Times, numerous organizations suspected […]
Rune Christensen Suggests Selling off $3.5 Billion in USDC Reserves
Vitalik Buterin, who is bullish on Ethereum, branded the suggestion made by Rune Christensen a “bad idea.” Recently, Rune Christensen, a co-founder of MakerDAO, suggested eliminating all USDC from the DAI stablecoin’s peg-stability module. He advised that the $3.5 billion of USDC contained inside be utilized to purchase ETH instead. Even though such a transfer […]