On May 13, President Joe Biden issued a directive preventing MineOne, predominantly owned by Chinese nationals, from acquiring real estate near the Francis E. Warren Air Force Base for crypto mining purposes, citing national security concerns. The site’s proximity to the strategic missile base raised alarms, particularly regarding the potential espionage risks posed by foreign-owned … Read more
Coinbase, a United States-based cryptocurrency exchange, experienced a widespread system outage, rendering its services inaccessible for desktop and mobile users. The exchange officially acknowledged the outage on its status page, stating that a “major outage” commenced at 4:15 am UTC on May 14. Visiting the website currently displays a “503 Service Temporarily Unavailable” error message, … Read more
Ethereum’s price is showing signs of a rebound from the $2,865 support level, aiming to recover further if it surpasses the $2,960 resistance area. After dropping to $2,864, Ethereum has begun an upward correction similar to Bitcoin. It managed to climb above $2,900 and $2,920 hurdles, also breaking a significant bearish trend line at $2,930 … Read more
USDt-TON has reached a significant milestone, with its circulation hitting $200 million within a month of issuance. This rapid growth marks the fastest token circulation in Tether’s USDt history, reflecting increasing demand for USDT within the TON ecosystem. TON celebrated this achievement on Twitter, stating, “$USDt – $TON reaches $200M in circulation in less than … Read more
The Chinese government, through the Panshi City Public Security Bureau in Jilin Province, has cracked down on illicit cryptocurrency banking activities, as reported by local media. The perpetrators allegedly exploited the anonymity of cryptocurrencies for illegal foreign exchange transactions. According to reports, six individuals involved in purchasing foreign exchange using cryptocurrencies have been arrested by … Read more
After expressing his support for the cryptocurrency industry and accusing his opponent in the United States presidential race, Joe Biden, of perceived hostility towards the sector, former US President Donald Trump has announced plans for significant taxation cuts if elected. During a campaign rally on May 12, Trump criticized President Biden’s latest budget proposal, which … Read more
Only 1% of financial advisors regularly discuss cryptocurrency with their clients, primarily due to worries about potential legal liabilities and associated costs in case the investment doesn’t yield the desired results. According to CoreData’s “Australia’s Crypto Investors” report, an astonishing 89% of financial advisors have never offered advice on cryptocurrency. The report highlights that a … Read more
Brad Garlinghouse, CEO of Ripple, recently remarked that the United States government, under President Joe Biden’s leadership, is targeting Tether, the issuer of the largest stablecoin by market capitalization, USDT. On the social media platform X, Garlinghouse expressed his belief that USDT and Tether are integral parts of the crypto ecosystem and admitted uncertainty about … Read more
The prolonged legal battle between Ripple and the Securities and Exchange Commission (SEC) is nearing its conclusion as both parties have submitted their briefs. Despite community anticipation of a potential surge in XRP’s price after the case is settled, the token is currently experiencing a downward trend. The legal disputes surrounding Ripple and XRP stem … Read more
Russian energy companies are reportedly gearing up to crack down on private cryptocurrency miners and individuals mining cryptoassets at home, as per a report on May 12 by the media outlet Izvestia. The Russian Government Expert Council is said to be drafting new proposals related to mining, which will be submitted to the Cabinet. These … Read more