The Shiba Inu burn rate has taken a hit, dropping by 28% in the past 24 hours. This is a significant change from the recent trend of increasing burns. Decline in Burn Transactions The drop in burn rate is due to a decrease in the number of burn transactions. On Thursday, there were 14.37 SHIB…
Ripple’s Stablecoin Venture Ripple, the company behind XRP, recently announced its plans to launch a stablecoin. This move sparked a public feud with Coindesk, a cryptocurrency news outlet. Ripple CEO’s Criticism Ripple CEO Brad Garlinghouse slammed a Coindesk article that portrayed their stablecoin venture as a sign of desperation. He called the article “embarrassing for…
Understanding Trade Finance Risks Trade finance is essential for global trade, but it also poses risks: High transaction volume and complexity: The sheer number and intricate details of trade transactions make it difficult to detect suspicious activity. Time constraints and competition: Tight deadlines and competition can lead to rushed due diligence, increasing the risk of…
A seasoned crypto trader, known as Bluntz, believes that NEAR Protocol (NEAR), an Ethereum competitor, is poised for a significant surge. NEAR Protocol: Ready for a Jump Bluntz shared a chart with his followers, indicating that NEAR could break past the $10.50 mark. At the time of writing, NEAR is trading at $6.67. Solana Ecosystem…
Google is taking legal action against two Chinese nationals, Yunfeng Sun and Hongnam Cheung, for allegedly using fake Android apps to scam victims out of tens of thousands of dollars in digital assets. Social Engineering and Fake Apps The scammers lured victims through text messages, pretending to be from wrong numbers but later striking up…
SEC Commissioner Hester Peirce has criticized the agency for its poor engagement with the public. Limited Interactions Peirce stated that individuals and organizations seeking feedback or addressing concerns often face silence from the SEC. She noted that “productive interactions are fewer and further between than they were in the past.” Discouraging Staff Engagement Peirce believes…
Ripple’s Entry into the Stablecoin Market Ripple, the payment company, is jumping into the stablecoin market with its own digital currency pegged to the US dollar. This move puts Ripple in direct competition with stablecoin giants like Tether and Circle. Why Ripple is Launching a Stablecoin Ripple’s CEO says the company decided to launch a…
Bitcoin’s on-chain data reveals that “accumulation addresses” have been making significant purchases of the cryptocurrency this month. Accumulation Addresses: A Closer Look Accumulation addresses are wallets belonging to long-term Bitcoin holders (HODLers). To qualify as an accumulation address, a wallet must: Have no outgoing transactions, indicating only incoming purchases Have received at least two inflow…
Case Adjourned Binance’s financial crime compliance head, Tigran Gambaryan, has had his tax evasion case postponed until April 19. This came after his first court appearance, where he was charged with non-payment of taxes and aiding customers in tax evasion. Delay Due to Lack of Notice The prosecution explained that they couldn’t serve Gambaryan the…
Morgan Stanley and UBS Join the Competition After the approval of spot Bitcoin ETFs in the US, institutional interest in crypto has skyrocketed. Morgan Stanley and UBS are now vying to be the first to offer these products to their clients. Morgan Stanley’s Salty Response According to crypto commentator Andrew from Arch Public, Morgan Stanley…
