Category Archives: Cryptocurrency News

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Elon Musk’s social network X is not going to release its own cryptocurrency

American billionaire Elon Musk has confirmed that his social network X, formerly known as Twitter, is not going to develop its own cryptocurrency. Earlier it became known that X received a license necessary to provide a cryptocurrency payment service and trading services in the United States. After that, the famous influencer DogeDesigner wrote that X was not going to launch his own coin. “The team is more focused on making real money work in the…

Binance will stop support for BUSD in 2024

Cryptocurrency exchange Binance has announced that it will stop supporting its BUSD stablecoin in 2024. The decision was made amid numerous lawsuits related to the coin. “Paxos will stop supporting BUSD in February 2024. Binance will also gradually start phasing out support for the stablecoin,” the company said. The exchange administration urged its users to transfer BUSD to other coins. At the same time, BUSD is still one of the five largest stablecoins – the…

US Court Declares Grayscale’s Refusal to Create a Bitcoin ETF Illegal

Grayscale won a lawsuit against the US Securities and Exchange Commission (SEC). The verdict reverses the SEC’s decision and sends the company’s application for a spot Bitcoin ETF for review. Grayscale’s crypto funds hold $21 billion of assets, and GBTC remains the firm’s largest trust. The fund was launched in 2013 and since 2017 the company has been trying to convert it into a spot exchange-traded fund, but the SEC has been adamant, rejecting all…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Crypto platform Patricia converted customer funds into its own PTK tokens without permission

Nigerian cryptocurrency platform Patricia has unilaterally converted outstanding user funds into its own stablecoin, Patricia Token (PTK). The decision to convert funds was made by the platform three months after the hacker attack, during which Patricia lost $2 million worth of bitcoins and other assets. As a result of the hack, the platform blocked the withdrawal of funds. Patricia users were able to withdraw funds through the Patricia Plus product recently launched by the platform.…

Scam Sniffer: User Lost $900,000 in Cryptocurrency Due to Phishing Link

An anonymous crypto holder lost his savings after he went to the Celer Bridge phishing page, which ended up right in the Google search results. Analysts from Scam Sniffer write about this. Scam victim transferred $900,000 in Ether to a fake address. Immediately after, the scammers managed to launder money through the KuCoin crypto exchange using various tokens and networks. Scam Sniffer writes that this is not the first time that malicious links have popped…

The Benefits and Risks of Leverage Trading

The Benefits and Risks of Leverage Trading Leverage is a feature that enables traders to invest less capital while still getting large exposure to the market. This means you can deposit a small amount to open a trade with much greater market exposure, usually on a ratio provided by your CFD Broker. With such reward comes risk; in this article we look at the benefits of leverage trading, as well as mitigating some of the…

Kenyan Parliament Launches Investigation into WorldCoin Project

The Parliament of Kenya has formed a commission to study the methods of collecting and storing data practiced in the country by the international crypto project WorldCoin. The project distributes free tokens in exchange for a retinal scan. The commission included representatives of the committees for administration and internal security, communications and innovation, tourism and wildlife. Kenyan National Assembly Speaker Moses Wetangula said the commission has 42 days to collect data and report to the…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…