Cryptocurrency exchange Hotbit announced the closure after five years of operation and asked users to withdraw their remaining assets by June 21. All operations on the exchange will be terminated today, May 22. The company explained that the decision to close was largely influenced by the deterioration in the working conditions of the exchange itself. “After Hotbit management was forced to suspend operations for several weeks due to an investigation in August 2022, the industry

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After Elon Musk posted on his Twitter page a picture with an image from the NFT Milady collection, the owners of the meme coin got rich by $ 20 million. These funds went mainly to the top 10 largest holders of the Milady Meme Coin (LADYS) cryptocurrency, writes the analytical service Lookonchain. Ten addresses control 180 trillion LADYS tokens, which is 20.3% of the total issued coins. Since Musk’s tweet , Milady’s NFT sales have

During the trial in a lawsuit filed by the Coinbase exchange, representatives of the US Securities and Exchange Commission (SEC) said that the development of laws to regulate cryptocurrencies will take years and fines will “come down” until then. This is the first time that an American regulator has clearly stated that it is fine with “regulating the cryptocurrency industry with penalties.” Coinbase has previously filed a lawsuit with the SEC demanding clear rules for

The Zimbabwean authorities issued a digital currency, providing it with a gold reserve with a total volume of 140 kg. This is despite the warning from the International Monetary Fund that such a policy could lead to depletion of reserves. The central bank has already received 135 applications for the purchase of gold-backed digital tokens worth 14 billion Zimbabwean dollars ($12 million). The country’s authorities have announced that the second auction will take place on

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The largest cryptocurrency exchange notified users that community criticism helped to reduce the processing time for requests to withdraw ether from staking from fifteen to five days. The new rules should go into effect next Thursday, May 18, starting at 8:00 UTC. “Binance will actively work to further reduce the processing time for ETH withdrawal requests from staking in order to better meet the needs of users,” the Binance team promised in an official statement.

Tether, the issuer of the first USDT stablecoin by capitalization, has released its results for the first quarter of 2023. According to the report, the company’s net profit amounted to $1.48 billion. The total assets of the company reached $81.8 billion, of which about $2.44 billion was declared as excess reserves to support the liquidity of the USDT stablecoin. Most of Tether’s reserves are in US Treasury bills, according to audit firm BDO Italia. In

The author of the best-selling book Rich Dad Poor Dad told his 2.4 million Twitter followers that the sharp increase in the one-month Treasury bill’s yield indicates recession times are likely ahead. Robert Kiyosaki believes that bitcoin and precious metals are the best escape from such instability. “One-month Treasury bills are up 100 basis points. Does this mean that the global banking system is collapsing? .. Here are the experts who recommended one-month treasury bills

Well-known investor and head of Berkshire Hathaway Warren Buffett said that the loss of people’s confidence in the dollar does not mean that bitcoin will become a global reserve currency. Buffett answered a question about the current de-dollarization trend and warned about the extent to which the US is printing money. “Forget about all the toys. Thinking about any tokens is a joke, it’s crazy. But it’s also crazy to just keep printing money,” he