Author: CryptooTimes
Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU. According to a Bloomberg report, the exchange is “actively reviewing” delisting plans. The possible abandonment of USDT is due to the new regime for digital assets, which will come into force in the EU in July. Tether’s stablecoin will likely be affected by new EU rules, specifically the Markets in Crypto Assets (MiCA) regulations. The guidelines, which have yet to be finalized by the European Banking Authority, will impose restrictions on stablecoins offered to European investors. “We’re absolutely planning for all eventualities, including situations where it’s just not…
zkSync tweeted about plans to hand over governance to the community next month, suggesting that a token airdrop is imminent. Ethereum-based zero-knowledge (ZK) solution zkSync hinted at a token distribution after developers ship the protocol’s upcoming v24 release expected by the end of June. The project taps ZK cryptographic technology to scale Ethereum’s (ETH) blockchain, and offer users affordable transactions on the world’s second-largest decentralized network. With the deployment of proto-danksharding through the Dencun upgrade, Ethereum gas fees have became even cheaper. Data from L2Fees shows that it costs less than a dollar to send ETH or swap tokens on the…
Solana proved to be the fastest among major blockchains, according to a report by CoinGecko. The report states that on April 6, the average daily number of transactions per second (TPS) reached a record high of 1,504 amid the boom of meme coins on Solana. “This makes Solana 46 times faster than Ethereum and more than five times faster than Polygon, which has the highest TPS among Ethereum scaling solutions.” CoinGecko report Despite being considered the fastest blockchain, Solana only achieved 1.6% of its theoretical maximum speed of 65,000 TPS. Source: CoinGecko BNB Chain and Polygon are the fastest EVM blockchains, with…
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he allegedly diverted these funds for personal use and to placate previous victims of his fraudulent activities. “For years, Sfraga brazenly lied to friends, neighbors, and investors to swindle over $1.3 million of their hard-earned life savings,” commented Breon Peace, the U.S. attorney…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe and KangaMoon token holders are seeing a surge in whale activity as their prices reach new all-time highs. The last few weeks have been marked by intense whale activity in the crypto market, especially in Pepe (PEPE) and KangaMoon (KANG). Following both memecoins reaching new all-time highs (ATH), analysts are watching this upswing. In fact, they hint that KANG, which is now in the Bonus Stage of its presale, may become the next 50x memecoin in 2024. Let’s…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana trader’s $780k profit underscores cryptocurrency’s potential as InQubeta garners Ripple whales’ attention with innovative features. An anonymous Solana (SOL) trader recently made a significant profit of $780,000 in just 15 minutes by taking advantage of a price discrepancy on the Solana blockchain. This impressive achievement showcases the potential for substantial gains in the cryptocurrency market. Meanwhile, in another development, InQubeta (QUBE), a rising altcoin, has gained the interest of Ripple (XRP) whales with its innovative features. This DeFi…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market saw a strong recovery today following the CPI report that US inflation is now at 3.4%. Bitcoin pumped 7% to $66k on the news, while some altcoins, such as Fantom (FTM), rose by almost 30%. AI coins also reacted well to this news, with Near Protocol (NEAR), one of the leaders in the AI crypto sector, pumping 17% today. Meanwhile, some low-cap meme coins did well too, with Galaxy Fox (GFOX) price pumping 33%. Let’s dig…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States government’s recent actions against crypto giants like KuCoin and Binance have put it on notice and cast an ominous shadow over the industry. With regulators ramping up crypto enforcement in the North American market, startups and founders are looking overseas to find friendlier climates that will support the growth of their projects. When evaluating investments, user engagement, product expansion, and government acceptance, Asia is a region advancing institutional adoption while establishing itself as a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This year, three cryptocurrencies have caught the eyes of both newcomers and experienced traders as we journey through 2024: Rollblock (RBLK), Binance Coin (BNB), and Avalanche (AVAX). While BNB and AVAX are well-established altcoins, RBLK is a Stage 2 presale star that many analysts hint could soar 50x in 2024. Let’s see why. Rollblock (RBLK) Rollblock (RBLK) is the first pick on our top altcoin list, thanks to its connections to the online gambling market. By 2028, the sector…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. This is Part Two of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news. Part One is about Sam Bankman-Fried’s and Changpeng Zhao’s prison sentences. Part Two is about cryptocurrency and banking. Part Three is about the future of NFTs. 1) In Part One of our interview, you indicated that you began your career at Andersen as a bank auditor. Coincub…
