Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff

There are many investors feeling validated in the cryptocurrency market now that Bitcoin’s price has established a new all-time high of $34,778. The last time Bitcoin (BTC) traded anywhere near this level was during the bull run of 2017, when it reached a peak of about $19,783. Even the mainstream media took notice, including the New…

The two firms were part of a consortium of DeFi projects that founded the financial inclusion and education initiative DeFi for the People in August. 0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million — consisting of $3 million CELO and $1.5 million ZRX — towards the growth of 0x’s…

The Telegram Open Network is no longer producing blocks following a frenzy of trading activity for a new memecoin called DOGS. 

Will CBDCs disrupt stablecoins, or will they help each other? 940 Total views 13 Total shares The public and private sectors should work closely together to bring about the future of money, according to a former leader of the Commodity Futures Trading Commission.Chris Giancarlo, a former CFTC chairman and initiator of a blockchain-based digital dollar…

A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system.In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit Chopra —  a commissioner at the United States Federal Trade Commission —…

Digital exchanges based on blockchain technology will completely replace traditional ones in ten years, Thomas Zeeb of Swiss leading stock exchange SIX told Reuters Wednesday, Nov. 14.“The existing system could be completely replaced by the digital exchange in about 10 years,” said Zeeb, who is leading the securities and exchanges department at SIX. “The moment…

Bitcoin price action may be boring for many, but whales have been busier than ever behind the scenes, data suggests. 1207 Total views 14 Total shares Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior.Fresh data shows that whales have not only been highly active on the market — they’ve been moving…

The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain.A report published by Reuters revealed that the NFT sales volume was $24.9 billion in 2021, considerably…