MakerDAO introduces changes to protocol owing to uncertainty in the stablecoin space While MKR took a hit on the charts, interest in DAI has continued to grow rapidly As the FUD around stablecoins gat...
Tag: Cites
Bybit Suspends USD Bank Transfers, Cites Partner Bank Outage
Dubai-based cryptocurrency exchange Bybit has announced that it is suspending USD deposits and withdrawals through bank transfers from the 10th of March, 2023. The world’s fourth-largest cryptocurren...
MSCI delays weighting cuts for two Adani companies, cites ‘replicability’ concerns
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Image...
Coinbase’s (COIN) Brian Armstrong Cites ‘Rumors’ the SEC May Ban Retail Crypto Staking
“Staking tends to get misconstrued with unrelated activities like lending, but staking is fundamentally a way for anyone to join in providing security for proof-of-stake networks,” Mangier...
Coinbase CEO cites rumors about SEC’s supposed ban on Crypto staking
Brian Armstrong recently shook the crypto community by talking about the rumors surrounding the SEC. According to the latest Twitter thread by the Coinbase CEO, the SEC might be planning to ban crypto...
Taxpayer Advocate Cites Improvement In Backlog. Will It Last?
In the Taxpayer Bill of Rights, Congress directed the Internal Revenue Service to form the National Taxpayer Advocate Service to address problems not resolved through normal IRS channels and large-sca...
Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn
The largest US-based crypto exchange by volume is cutting its workforce to help survive the prolonged crypto bear market. In a new blog post, Coinbase CEO and co-founder Brian Armstrong announced the ...
Australian crypto exchange Swyftx closes its earn program, cites unclear regulations
Australian crypto exchange Swyftx has decided to discontinue its earn program due to regulatory ambiguity surrounding crypto products. Swyftx said it might reconsider reopening the program once the ru...
Kraken to withdraw from Japan, cites bad market conditions
The U.S.-based cryptocurrency exchange Kraken, founded in 2011, has said it will withdraw from Japan. The platform cites bad market conditions following the collapse of FTX. According to a Wednesday r...
Nio cuts 4Q delivery guidance, cites Covid disruption
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future P...
SBF’s Judge Steps Down, Cites Conflict of Interest
Judge Abrams recused herself due to potential conflict of interest involving husband’s firm and past work with FTX. SBF partner Ellison pleads guilty and cooperates with authorities. A series of legal...
Central African Republic delays CBDC, cites unfavorable “market conditions”
According to a Reuters report, the Central African Republic (CAR) has publicly delayed its central bank digital currency (CBDC) due to adverse “market conditions.” The delay comes as the crypto indus...
Hoskinson Stops Vocally Supporting Ripple; Cites XRP Community Attacks
Charles Hoskinson will stop supporting Ripple’s ongoing lawsuit. XRP has been down 0.57% in the last 24 hours. Due to violent comments from the community, Charles Hoskinson, CEO of Input Output ...
Andrew Tate says he’s ‘going full-crazy Mr. Blockchain now,’ cites lack of trust in governments
Internet personality and former kickboxer Andrew Tate has stated his lack of trust in traditional finance platforms and governments has pushed him to venture into the blockchain space. According to T...
Crypto Exchange Gate.io Cites Node Maintenance Amid Lagging Transaction Service
Cryptocurrency exchange Gate.io’s users were unable to process withdrawals and deposits temporarily due to intermittent connection interruption in the process of node maintenance. Problem Solved? In ...
OKX cites intermittent outage amid Alibaba Cloud equipment anomaly
Crypto exchange OKX witnessed service disruptions after primary infrastructure provider Alibaba Cloud announced a hardware failure in Alibaba Cloud’s Hong Kong data center. Alibaba Cloud Hong Kong IDC...
Microsoft Cites Safety Concerns for Cloud Service Customers—Bans Crypto Mining
Microsoft put a ban on its crypto mining operations. Recently the operating system giant reported a halt given the security of its other services. Majorly, the company anticipates safeguarding its clo...
Citi Downgrades Robinhood Stock to Neutral, Cites FTX Fallout Concerns
Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and t...
Coinbase Advises Clients to Convert Tether (USDT) Into Circle’s USDC, Cites ‘Flight to Safety’
Top US-based crypto exchange platform Coinbase is issuing a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings into USD Coin (USDC). In a new company blog post,...
Koinly lays off 14% of staff, cites unfavorable market conditions
London-based early-stage crypto start-up Koinly is downsizing its workforce. Via a circular on Tuesday, the firm revealed that it will lay off 14% due to unfavourable crypto market conditions. The wor...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
FTX Should Not be Accused for Wild Parties; Report Cites SBF
Sam Bankman was consuming prescribed medicinal drugs- Reports Sam sipped alcohol on his 21 st birthday for the first time. Sam Bankman-Fried refused to comment about drugs and alcohol use at FTX,...
Marvell stock falls after disappointing earnings and outlook, as CEO cites ‘inventory reductions’ by some customers
Shares of Marvell Technology Inc. MRVL, -2.41% were falling 7% in after-hours trading Thursday after the chip company fell short of expectations with its latest results and outlook. Marvell posted fis...
Coinbase Drops XRP & Other Tokens, Cites Low Activity
As the FTX saga continues, all eyes are on crypto exchanges: Coinbase, Crypto.com, Binance and the like all have hefty sets of eyes on their next moves. There is plenty to be said for the state of cry...
BlockFi files for bankruptcy, cites FTX collapse for its troubles
BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidia...
CoinList addresses ‘FUD’ on withdrawals, cites technical issues for delays
Cryptocurrency exchange and Initial Coin Offering (ICO) platform CoinList took to Twitter to address “FUD” after a blogger tweeted that users reported being unable to withdraw funds for over a week, s...
Binance Cites Conflict of Interest for Passing on Genesis Investment: Report
Binance has reportedly rejected an offer to invest in troubled crypto lending firm Genesis due to a potential conflict of interest some of its business could create down the road. Genesis reportedly o...
Binance Cites Conflict of Interest for Investing in Genesis
Crypto brokerage firm Genesis Trading is struggling majorly to raise fresh capital in its current time of distress. As per the latest WSJ report, the crypto lender also approached players like Binance...
Grayscale cites security concerns for withholding on-chain proof of reserves
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products ci...
Warren Buffett’s right-hand man Charlie Munger continues to celebrate crypto’s demise and cites the famous analogy of the Fed, the party, and the punch bowl
Warren Buffett’s right-hand man and Berkshire Hathaway’s vice chairman Charlie Munger has been a vocal critic of cryptocurrencies, previously likening them to “venereal disease” and saying that anyone...
Qualcomm Stock Could Rise in 2023. J.P. Morgan Cites 3 Reasons Why.
Text size Qualcomm President and CEO Cristiano Amon. Ethan Miller/Getty Image J.P. Morgan predicts Qualcomm, a maker of mobile processors and 5G wireless chips, is primed for a comeback next year. On ...