Category Archives: Cryptocurrency News

OKX became the main sponsor of the Tribeca Film Festival

Cryptocurrency exchange OKX has become the main sponsor of the Tribeca Film Festival for the next three years. During this period, OKX will educate filmmakers on the benefits of cryptocurrencies and Web3 technology. As part of this agreement, OKX will co-finance the production of films intended to be shown in the metaverse, as well as providing film industry actors with the opportunity to receive payment for their work in cryptocurrency. At the Tribeca Film Festival,…

Economist: Investors have become more accepting of cryptocurrencies

Analysts at Economist Impact believe that more and more investors see digital currencies as a useful tool for portfolio diversification. The Economist magazine published the results of a study on the degree of consumer confidence in digital payments and on the barriers that prevent the transfer of their funds into digital assets. The report compares the trends of previous surveys on the same topic in 2020 and 2021. The study involved 3,000 respondents, half of…

Goldman Sachs in talks with FTX to integrate derivatives trading

Goldman Sachs and other Wall Street banks are looking to expand their presence in the crypto space through a partnership with FTX. The investment bank plans to integrate leveraged derivatives trading, Barron’s writes, citing its sources. The cooperation between FTX and Goldman Sachs should bring to the bank such advantages as direct trading in futures, access to the user base of the crypto exchange, replenishment of the capital of the bank’s clients. Recall that at…

KuCoin launches its own crypto wallet

KuCoin cryptocurrency exchange expands its presence in the Web3 ecosystem with the KuCoin Wallet decentralized platform. The wallet platform is currently only available for the browser, however, as the company promises, a mobile application is already in development and will be launched in June. The platform connects to the KuCoin ecosystem and provides cross-cloud integration. Exchange customers will be able to buy, sell, exchange and send all major digital currencies, including bitcoin (BTC), ether (ETH)…

British authorities develop measures to protect against a new collapse of stablecoins

The UK Treasury plans to empower the Financial Market Infrastructure Supervisor (FMI SAR) to oversee the safe return of funds in the event of a stablecoin crash. HM Treasury has proposed a new set of regulatory changes for the stablecoin industry. The report highlights the importance of this type of digital asset in innovation and notes the ability to influence financial stability in the event of systemic failures. The Treasury has proposed making the FMI…

The Terra Community Prevented an Attack on Liquidity Pools

Community members of the failed Terra project have identified an exploit that threatens liquidity pools and forced the developers to disable the ability to use mBTC, mETH, mGLXY and mDOT as collateral. Two days after the launch of the updated Terra 2.0, a user named Mirroruser informed the community about an exploit he had discovered, potentially threatening to restart the entire project. According to his observations, a targeted attack is being carried out against the…

MoneyGram will allow customers to transfer money abroad in stablecoins

Money transfer company MoneyGram plans to launch a service that will allow customers to send money to other countries using stablecoins. The company entered into a partnership with Stellar Development, which developed the Stellar (XLM) blockchain and a decentralized protocol focused on cross-border transfers, Bloomberg reported. The new service will allow users to convert their stablecoins into fiat currencies where MoneyGram operates. According to Alex Holmes, CEO of the company, today the world of cryptocurrencies…

Binance will open LUNA 2.0 trading in the innovation zone for high-risk crypto assets

Cryptocurrency exchange Binance has announced that it will list Terra 2.0 (LUNA) in the Innovation Zone and open trading for the LUNA/USDT and LUNA/BUSD pairs on May 31 at 06:00 UTC. The exchange drew the attention of users that the innovation zone is a specially created trading area where users can trade new crypto assets that have increased volatility and pose a higher risk of loss for traders. Therefore, if wishing to trade in this…

Nansen: Attack on Terra came from within

Analytical company Nansen, against the background of many versions about the reasons for the collapse of the UST stablekin, put forward the version that the project fell victim to a group attack from the Terra ecosystem. The research platform posted a report “Demystifying TerraUSD De-Peg”. The company’s analysts specified that, according to their investigation, from May 7 to May 11, a group of seven well-funded wallets of the Terra ecosystem operated on the Terra and…

The US regulator rejected the application of the creator of a carbon-neutral bitcoin ETF

The US Securities and Exchange Commission (SEC), despite progress in registering bitcoin futures ETFs, has rejected One River Asset Management’s application. An application to launch One River Carbon Neutral Bitcoin ETF from One River Asset Management has been denied in accordance with NYSE Arca Rule 8.201-E. The main reason for the rejection of the application is that the offer to list on the NYSE Arca exchange lacks sufficient investor protection, which is not allowed under…