The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken action against Prime Trust, LLC. This US-based financial institution specializes in custody and settlement services for digital assets. The FID has alleged that Prime Trust has violated Nevada regulations and has a shortfall in customer funds, which has deteriorated to a critically…
Crypto investment products are once again proving their market allure, with inflows hitting their highest level since July 2022. European asset management firm, CoinShares, noted an influx of $199 million just last week, signaling revived interest from investors in the crypto space. The surge is seen as a correction, compensating for almost half of the…
Like a strong cup of highly-caffeinated coffee or the sound of a rooster crowing at the crack of dawn, some things have the potential to be a real eye-opener. When it comes to altcoins, crypto investors could get a wake up alarm they won’t be able to ignore. Keep reading to learn all about the…
Bybit, the third biggest crypto exchange in the world, is expanding its global presence. Today, the exchange announced that it has been granted a license to operate a cryptocurrency exchange in Cyprus and provide custody services for digital assets. Expanding The Crypto Exchange’s Global Footprint Bybit obtaining a license to operate in Cyprus is a…
Avalanche (AVAX) recently experienced a breakout, successfully overcoming a major obstacle at $13. This particular hurdle had proven to be a significant challenge for AVAX bulls in the preceding weeks, hampering their upward momentum. The surge in AVAX’s performance can be attributed to multiple factors, one of which is the increasing demand for the wrapped…
Uniswap (UNI) has emerged as a formidable force within the cryptocurrency space, showcasing an impressive growth of 22% in recent weeks. As one of the leading decentralized exchanges (DEX) built on the Ethereum blockchain, Uniswap has gained widespread recognition for its innovative approach to facilitating peer-to-peer token swaps. With its unique automated market maker (AMM)…
The cryptocurrency market has shown no signs of slowing down, with several coins experiencing an extended bull run in recent days. However, amidst this overall market trend, there are still standout performers, and Pepe (PEPE) is one such cryptocurrency that continues to impress. Related Reading: Momentum: Why The Bitcoin Train Is Ready To Leave The…
The cryptocurrency Stacks (STX) has recently experienced a remarkable turnaround, with its price bouncing back after reaching a multi-month low of $0.4412. Investors have seized the opportunity to “buy the dip,” resulting in a continuous upward trend for STX over the past few days. As a result, STX is now trading at $0.7916, marking a…
The fate of Binance USD (BUSD), the stablecoin introduced by Binance, hangs in the balance as its market capitalization has experienced a significant decline of over 80% in 2023. From November 2022 to June of the current year, BUSD’s market capitalization has plummeted from USD23 billion to USD4 billion. Notably, the capitalization suffered an 18%…
The fate of Binance USD (BUSD), the stablecoin introduced by Binance, hangs in the balance as its market capitalization has experienced a significant decline of over 80% in 2023. From November 2022 to June of the current year, BUSD’s market capitalization has plummeted from USD23 billion to USD4 billion. Notably, the capitalization suffered an 18%…