Cryptocurrency

Crypto Exchange
Binance has temporarily suspended auto-conversion of USDC to BUSD – Potentially due to Circle-Silicon Valley Bank exposure

As per Binance notification on twitter, Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, specifically related to high inflows & the increasing burden to support the conversion. USDC( Circle) is in the center of…

Banks Crypto
Circle’s USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle, a U.S.-based stablecoin issuer, has come under scrutiny after it was revealed that the company held a portion of its USDC stablecoin’s cash reserves at Silicon Valley Bank (SVB) as of January 17th. This comes after SVB was taken…

Crypto Exchange
Victim of Crypto Theft Fights Back: New Yorker Sues Coinbase for $96,000 Loss and Negligence

Jared Ferguson, a New York resident, is suing Coinbase for $96,000 worth of stolen cryptocurrency from his Coinbase wallet. He claims that the company is responsible for the theft and filed a complaint in San Francisco’s U.S. District Court on…

Altcoins
Hedera(HBAR) confirms that the mainnet breach resulted in the theft of millions of service tokens

Hedera Hashgraph(HBAR), a public distributed ledger technology (DLT) platform, confirmed on March 14, 2023, that millions of service tokens were stolen as a result of a breach in its mainnet. The incident occurred on March 10, 2023, and was reported…

Cryptocurrency
Revolutionizing Mining Operations:Jack Dorsey’s Block Unveils Powerful Mining Development Kit to Empower Developers!

Block, founded by Jack Dorsey, introduces a new mining development kit to enhance accessibility and openness for novel Bitcoin mining use cases through multiple components. Block, a blockchain infrastructure firm, has recently announced the release of its Mining Development Kit…

Cryptocurrency
Crypto tax filing made easy: CoinTracker partners with H&R Block for hassle-free tax season

CoinTracker, a cryptocurrency tax compliance software provider, has teamed up with H&R Block to help crypto investors easily and accurately file their tax returns. The partnership aims to simplify the process for individuals who have invested in cryptocurrencies by automatically…

Blockchain Patents
Sony Music Flies for Trademark Application for NFT while LimeWire and Universal Music Group(UMG) Partner for NFT Licensing Platform – Revolutionizing the Music Industry

Sony Music and Universal Music Group plans to enters big time into NFT’s Revolutionizing the music industry Sony Music NFT Trademark Sony Music, one of the largest music labels in the world, has filed a trademark application for a new…

Cryptocurrency
New York Attorney General, Letitia James sues KuCoin for alleged securities violations

KuCoin, a popular cryptocurrency exchange, has been sued by the New York Attorney General (NYAG) for allegedly selling unregistered securities and commodities to investors in the state. The lawsuit, which was filed in New York County Supreme Court, accuses KuCoin…

Cryptocurrency
Is Ethereum at Risk? – Could Ethereum’s Security Classification Shatter the Cryptocurrency Market? The Risks and Rewards of Regulatory Clarity

Letitia James, the Attorney General of New York, made history by filing a lawsuit against KuCoin, alleging that the cryptocurrency exchange violated state regulations by operating without registering as a securities and commodities broker-dealer. What sets this lawsuit apart is…

Cryptocurrency
Expert Price Analysis: Predicting the Future of Bitcoin, Doge, and Shiba Inu – How Low Will They Drop?

Bitcoin (BTC) made a high of $25100 last month and tested the major weekly resistance area. Since then, bitcoin (BTC) is continuously depreciating against the dollar. Bitcoin loses nearly 15% of its value in the last two weeks. More than…