lon Musk’s lawyers demanded to reject a $258 billion lawsuit for promoting DOGE

Cryptocurrency NewsBy 04/04/2023

Lawyers for the Tesla and SpaceX CEO have demanded that a Manhattan federal court dismiss a $258 billion lawsuit filed against him last year by a DOGE investor. In June 2022, investor Keith Johnson accused Elon Musk of creating a fraudulent scheme using Dogecoin and falsely claiming that investments in DOGE are considered legal, although, according to the investor, this coin has no value . The plaintiff demanded damages and monetary compensation from the billionaire,…

Crypto exchange Bittrex stops working in the US

Cryptocurrency NewsBy 03/04/2023

Cryptocurrency exchange Bittrex announced the termination of work with clients from the United States. The reason for this decision was the “difficult regulatory environment and economic situation” in the country. As Bittrex co-founder and CEO Richie Lai emphasized, despite the constant development of the cryptocurrency ecosystem, the requirements of US regulators are becoming more opaque and tough. He noted that US regulators do not make contact with companies from the cryptocurrency sphere. This attitude made…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 01/04/2023

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…

Kraken became a sponsor of one of the Formula 1 teams

Cryptocurrency NewsBy 31/03/2023

The American cryptocurrency exchange Kraken has announced a partnership with the Williams Racing team. It is the first major cryptocurrency company to have a F1 deal this year. The deal was announced on the eve of the Australian Grand Prix, which is due to take place in early April this year. The Kraken logo will be featured on Willams race cars, driver suits, team caps and all team branded merchandise. “We want to offer cutting-edge…

Fujitsu launches digital asset trading platform

Cryptocurrency NewsBy 30/03/2023

Japanese tech giant Fujitsu has filed an application with the United States Patent and Trademark Office (USPTO) to provide brokerage services for cryptocurrency trading. The company unveiled a logo that “consists of a stylized word FUJITSU with a lateral s-curl above the J and I,” according to the document. According to the filing, Fujitsu is going to provide services such as crypto asset exchange, deposit acceptance, loan financing and financial management. Fujitsu’s growing interest in…

Changpeng Zhao rejects CFTC accusations of violating market regulation laws

Cryptocurrency NewsBy 28/03/2023

Yesterday, March 27, the Commodity Futures Trading Commission (CFTC) accused the Binance cryptocurrency exchange of not being registered in the United States and violating federal laws regulating commodity markets. Binance CEO Changpeng Zhao immediately responded to the lawsuit filed in the Northern District Court of Illinois. According to him, the exchange “does not try to make a profit at any cost and never manipulates the market.” In an article on the company’s blog, Zhao said…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 25/03/2023

Kraken Halts ACH Deposits and Withdrawals Following Silvergate Bank Bankruptcy

Cryptocurrency NewsBy 24/03/2023

Cryptocurrency exchange Kraken has announced that it is experiencing difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel, which is serviced through the failing Silvergate Bank. Cryptocurrency exchange Kraken announced the suspension of operations due to the fact that it still could not choose a new banking partner. “From March 27, Kraken customers will no longer be able to deposit via Plaid and withdraw funds via the ACH channel hosted by Silvergate. We…

Goldman Sachs Names Bitcoin the Best Asset of 2023

Cryptocurrency NewsBy 23/03/2023

Analysts at the investment bank Goldman Sachs called bitcoin the best asset of the year – the rate of the first cryptocurrency among all major assets has grown the most in less than three months. In absolute terms, the first cryptocurrency has risen in price by 51% since the beginning of the year. The BTC rate has exceeded $28,000 and banking analysts expect a large-scale continuation of growth. Bitcoin outperformed IT (+15%), telecoms (+15%), consumer…

Binance Replaced BinanceUSD Safe Asset Fund with USDT and TUSD

Cryptocurrency NewsBy 22/03/2023

The largest cryptocurrency exchange transferred its own Binance USD (BUSD) stablecoins, which were stored in the User Asset Protection Fund (SAFU), to the tokens of competitors TruUSD (TUSD) and Tether (USDT). The decision came shortly after partner project Paxos announced last month that it would no longer issue new BUSD. “Such an exchange is necessary so that the assets in SAFU continue to protect users in the long term. The market capitalization of BUSD continues…

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