Revolut has announced that it will be discontinuing its crypto services in the US due to the changing regulatory environment surrounding cryptocurrencies. Starting October 3, 2023, US-based Revolut users will no longer be able to conduct crypto transactions on the platform.
Author: jose
Marc Zeller, the founder of Aave Chan, has proposed that the Aave Treasury should acquire $2 million worth of CRV tokens in USDT from Curve Founder Michael Egorov. The crypto community has had varied reactions to this suggestion, with some members expressing concern over the decision to increase their holdings of CRV while others are attempting to decrease their exposure.
In November 2022, the cryptocurrency exchange, FTX declared bankruptcy and entered Chapter 11 proceedings for 102 of its global units. Since declaring bankruptcy, FTX has filed a motion in court to remove its Dubai-based subsidiary from the restructuring proceedings taking place in the United States.
Binance, the world’s largest cryptocurrency exchange, has announced the launch of Binance Japan, a platform specifically designed for the Japanese crypto market. Customers of Binance Japan can trade 34 different tokens on the spot market, which is the largest selection offered by any exchange in Japan.
The crypto community is abuzz with excitement as a flurry of Ethereum spot ETFs is being launched. With six organizations filing applications for Ethereum futures-based ETFs with the US Securities and Exchange Commission, the landscape of crypto investment is undergoing a major transformation.
In its 12th round of token burning, Binance, the world’s largest cryptocurrency exchange, has incinerated 1.41 billion Terra Luna Classic (LUNC) tokens. This brings the total number of LUNC tokens burned by Binance to nearly 37 billion, while the community as a whole has burned over 71.5 billion LUNC tokens.
A recent order from a United States District Court judge has cast doubt on the ruling issued by Judge Analisa Torres in the Ripple case, which determined that some XRP sales were not security offers. District Judge Jed Rakoff of the SDNY has dealt a significant blow to the previous decision in the XRP case, allowing the SEC to proceed with its case against Terraform Labs and its creator, Do Kwon.
The recent launch of BALD tokens on the Base blockchain, which took place just a day ago, has undoubtedly created a buzz and drawn significant investment.
Coinbase, a Nasdaq-listed crypto exchange, experienced a drop in its share price of over 10% following a shocking announcement from CEO Brian Armstrong. The cause of the drop was a contentious demand from the US Securities and Exchange Commission (SEC) before their lawsuit against Coinbase. The SEC demanded that Coinbase stop trading all cryptocurrencies except for Bitcoin.
On Friday, Terra Luna Classic’s core developer, the Joint L1 Task Force (L1TF), announced a collaboration with Hexxagon, a validator, and a team of developers, for the development of Station, Finder, and web extensions. However, this partnership has received mixed reactions from the community due to Hexxagon’s association with Terra Rebels, a developer group that is not trusted by the community.