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 […]
Analyst Predicts Bitcoin Price Could Hit $100,000 By 2023
When compared to the current Bitcoin Price, other cryptocurrencies are doing quite well. An analyst who goes by the InvestAnswers host tells his 443,000 YouTube subscribers that 94% of the altcoins have surpassed the dominant currency according to the Bitcoin price Dominance chart. However, the expert is still optimistic that the value of bitcoin will […]