The cryptocurrency world is always full of surprises and developments. One of the latest news that has caught the attention of many enthusiasts is the recovery of stolen crypto from Binance by the US Justice Department.
Author: jose
One of the most popular and influential platforms in the crypto space is Binance, a global exchange that offers a wide range of services and products for traders. However, Binance has faced some challenges and controversies in recent months, especially regarding its compliance with regulatory requirements and customer verification processes.
The United States has been a leader in the cryptocurrency industry for a long time, but its position is now being challenged by other countries that are more supportive of innovation and regulation. This is the main argument of a recent report by Ark Invest, an investment management firm that focuses on disruptive technologies.
Tether, the most widely used stablecoin in the world, has announced a new integration with Strike, a leading global money app that allows users to send and receive money instantly across borders. This integration will enable Strike users to access Tether’s liquidity and stability on various blockchains, including Bitcoin, Ethereum, Bitcoin Cash, and Solana.
Hotbit, one of the most popular cryptocurrency trading platforms and companies, announced that it would suspend all its operations on May 22 at 04:00 UTC, due to the challenges and compliance issues facing the industry. The company, which has a user base of five million cryptocurrency enthusiasts, asked its clients to withdraw their remaining assets by June 21 at 04:00 UTC.
Litecoin has been gaining popularity and value in recent weeks, thanks to several factors that have boosted its appeal among investors and users. One of the main drivers of Litecoin’s price surge is the high transaction fees on the Bitcoin network, which reached an average of $30 per transaction on May 8, 2023.
Ripple, a leading blockchain payments company, has recently unveiled its CBDC Platform, a comprehensive solution for central banks and financial institutions to issue and manage their own digital currencies. The platform aims to simplify the process of creating and deploying CBDCs, while also enabling interoperability and innovation.
Voyager Digital, a crypto brokerage firm that filed for Chapter 11 bankruptcy protection in July 2022, has received approval from the U.S. Bankruptcy Court for the Southern District of New York for its liquidation plan. The plan will allow the company to return about $1.33 billion in crypto assets to its customers, who have been unable to access their funds since the company filed for bankruptcy last year.
Uniswap, one of the most popular decentralized exchanges (DEXs) on Ethereum, is coming to Polkadot via Moonbeam, a parachain that provides an Ethereum-compatible environment. This means that users will be able to swap tokens on Uniswap using Polkadot’s native token, DOT, as well as other assets that are bridged from Ethereum or other blockchains.
Ripple has been involved in a legal battle with the SEC since December 2020. The SEC accuses Ripple and its current and former CEOs of raising $1.3 billion through an unregistered securities offering by selling XRP to retail investors. The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has reached a new milestone, as the court denied the SEC’s motion to seal internal documents related to a speech by its former director William Hinman.