Sat Nov 23 6:53 PM

KuCoin Recovers 84% of Stolen Crypto Funds Following $280M Hack 

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KuCoin has restored full access to 176 tokens out of a total of 230 tradable ones and hopes to resume service for others before November 22.The hacked exchange KuCoin has managed to recover a substantial amount of funds after the hack that occurred in...

Billionaire Investor Ray Dalio Bets on CBDCs and Gold, Criticizes Bitcoin

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Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.While Bitcoin (BTC) has successfully managed to melt the hearts of some of the biggest global investors, a few...

MakerDAO’s DAI Becomes Third Stablecoin to Surpass $1B Market Cap

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Rune Christensen, MakerDAO’s founder said that it is a huge milestone for the DAI ecosystem to surpass the $1 billion level.As the stablecoin industry grows immensely due to high market demand, Ethereum-based stablecoin DAI has surpassed $1 billion market capitalization. At the time of...

SEC Cashed in Big from Crypto ICOs in 2020

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With the fine from Telegram making the bulk of the charge on ICOs by the SEC, other projects also bowed to the SEC’s pressures and collectively coughed out about 40 million dollars in fines. The United States Securities and Exchange Commission (SEC) saw one of...

Expert Calls on SEC to Label Ripple’s XRP as Security 

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Ripple has so far purchased around $45 million worth of XRP with more assurance from the company executives that they may continue to purchase more to support a healthy market.XRP, the fourth-largest cryptocurrency by market cap, has been the center of discussion among experts...

Bitfinex Introduces New Tether-backed ‘Bitfinex Borrow’ Service

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The new Bitfinex Borrow platform will allow users to get access to peer-to-peer lending and borrowing by putting their Bitcoin (BTC) and Ethereum (ETH) holdings as collateral.On Wednesday, November 11, crypto exchange Bitfinex introduced a new crypto-loan platform dubbed Bitfinex Borrow. This new platform...

Istanbul Basaksehir Joins List of Clubs Having Fan Token

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The $IBFK token will be built on the Socios platform, a blockchain tokenization entity that has already done the same for some top clubs such as Paris Saint Germain, Juventus, FC Barcelona, Atletico Madrid among others.The attention of some top leagues around the world...

Stably and DigitalBits Blockchain Partners to Enhance Stablecoin Adoption

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The mission of the Stably Blockchain network involves bridging the gap between real-world assets and emerging digital products.  Seattle-based FinTech startup Stably is partnering with the XDB Foundation, the non-profit organization focused on assisting DigitalBits and related technologies, to bring stablecoin access to the DigitalBits...

Binance to Block Access to US Users on Its Main Platform

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Binance, as well as a handful of non-US exchanges, has continued to come under the regulatory oversight of US regulators.Major cryptocurrency exchange Binance is set to begin restricting access to its platform by users from the US, on grounds of regulatory compliance. According to...

Amber Group to Use BitGo Trust Crypto Custodian for Its Investors

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Amber Group is reported to have a daily trading volume of between $100 to $200 million.  Amber Group, an established crypto finance service provider, will now be utilizing BitGo Trust qualified custody for its institutional and retail investors.BitGo is a leading crypto custodian precisely tailored...