Category Archives: Cryptocurrency News

Reuters: Australian retirees are losing millions of dollars on crypto investments

According to Reuters, thousands of Australians who invested their retirement savings in crypto assets faced losses totaling hundreds of millions of dollars. We are talking about participants in self-managed pension funds (SMSF), which are outside the competence of Australian prudential regulators and allow them to independently make investment decisions within the limits of pension savings. In Australia, SMSF funds can be used to take out loans to buy houses and farms, buy shares in private…

Exchange Kraken closes office in Abu Dhabi and exits the UAE

Cryptocurrency exchange Kraken announced the termination of operations in the United Arab Emirates, as well as support for retail and institutional clients in this region of the world. For the first time, information about the possible termination of the Kraken exchange operations in the UAE became public in early February. At that time, the exchange was completing a similar stage of exit from the Japanese market, going through  the deregistration procedure with the Japan Financial…

Ethereum Developers Successfully Perform Shanghai Hard Fork on Sepolia Testnet

The Shanghai and Capella hard forks were successfully activated on the Ethereum Sepolia testnet. The update of the main network of the second cryptocurrency should take place in March. Shanghai is updating the execution layer on the client side, and Capella is making some changes to the network consensus. The main change after the updates will be the ability to withdraw ethers from staking, and validators will be able to withdraw only rewards for staking.…

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…

SEC sues Terraform Labs and Do Kwon for fraud

The US Securities and Exchange Commission (SEC) continues its “cryptocurrency crusade”. The regulator sued Terraform Labs and Do Kwon for “organizing a multi-billion dollar fraud. ” The SEC filing highlights that Do Kwon and his company, Terraform Labs, were offering and selling “an interconnected set of digital securities in illegal transactions.” The regulator noted the collapse of the algorithmic stablecoin UST, the creation of the USTC token and the associated cryptocurrency LUNC. “Do Kwon and…

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…

Changpeng Zhao: “Crypto industry will move away from stablecoins pegged to the US dollar”

Binance CEO Changpeng Zhao believes that due to the recent nitpicking of US regulators on BUSD, the industry may switch to stablecoins pegged to other fiat currencies. Speaking at the Twitter Spaces event, Changpeng Zhao reasoned that most people still make payments and settlements in fiat currencies, so they measure the return on their investments in dollars. In this regard, dollar-backed stablecoins are essential. However, due to the recent demand from the New York State…

Bloomberg: Stablecoin Issuer Circle Surrendered Competitor Paxos-Binance to Authorities

Bloomberg reports that a few months before the imposition of a ban on the issuance of Paxos-Binance stablecoins, Circle filed a complaint against a competitor with regulatory authorities. In late 2022, one of the largest stablecoin issuers, Circle Internet Financial, filed a complaint with the New York Department of Financial Services (NYDFS) against Paxos Trust, which regulates stablecoin issuers in New York State. Circle alerted the watchdog to the issues its team found and argued…

Top 4 MetaTrader4 Indicators Every Trader Should Know

Top 4 MetaTrader4 Indicators Every Trader Should Know   A look at the most prominent indicators utilized by traders worldwide.   When it comes to online trading, there is no better platform than MT4. The award- winning trading software is a favorite amongst professional and amateur traders alike. This is due to many features such as 2000+ free indicators however; in this article we will take a closer look at four of these fundamental indicators,…

Vitalik Buterin donates 149 ETH to help earthquake victims in Turkey

Ethereum co-founder Vitalik Buterin sent Ethereum donations totaling $227,000 to charities to help victims of the earthquake in Turkey. Last week, a powerful 7.8 magnitude earthquake hit Turkey. The death toll exceeded 33,000. Many cryptocurrency companies and exchanges did not remain indifferent to what happened, and allocated donations in crypto assets to help the victims. Among them was Ethereum co-founder Vitalik Buterin. On February 12, he sent 50 ETH (about $77,000) to the Anka Relief…