Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
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Tezos risks correction below record high with XTZ rallying 250% since July
A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern.Dubbed as Ascending Broadening Wedge, the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas Bulkowski, these Wedges tell less about buying exhaustion and more about sellers' ambition to take…
Stargate foundation advises DAO against reissuing STG tokens
The Stargate Foundation, in agreement with FTX liquidators, has advised the DAO that issuing the STG token could put its safety at risk and may violate the automatic stay. 360 Total views 14 Total shares Own this piece of history Collect this article as an NFTStargate Foundation has advised its decentralized autonomous organization (DAO) against reissuing…
$3 billion blockchain bond sale delayed ‘until further notice’
It is not currently clear when or if China Construction bank's debt issuance sale will be rescheduled. The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov. 13 statement from the Fusang exchange where they were due to be…
Caitlin Long calls on SIM swap victims to help resurrect Wyoming bill
“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry," said Long. 1723 Total views 11 Total shares Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation…
Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list
BNB Chain's Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing. 416 Total views 5 Total shares BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto…
Lawmakers vs. the SEC vs. Binance: Law Decoded, June 12–19
Once again, the United States Securities and Exchange Commission (SEC) became the week’s headliner. Its intention to freeze the entirety of Binance.US’s assets got a reality check from U.S. district court Judge Amy Berman Jackson, who advised the regulator and the crypto exchange to negotiate a deal bilaterally. The resulting agreement outlines measures for Binance.US to…
Ankr says no one should trade aBNBc, only LPs ‘caught off guard’ will be compensated
The company stated it would be discontinuing aBNBc and aBNBb tokens 'effective immediately,' and that "new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users." Own this piece of crypto history Collect this article as NFTFollowing yesterday's confirmed multi-million dollar exploit, BNB Chain based protocol Ankr took to its company blog…
Polkadot integration sparks rallies in REN, OCEAN and CELR price
Polkadot (DOT) has emerged as one of the top-choice blockchain networks over the past year thanks to its focus on facilitating interoperability between separate networks, especially Ethereum (ETH). As a result of Polkadot’s rise to prominence, projects that have embraced the concept of interoperability and joined the Polkadot ecosystem have seen a boost in their token…