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Stablecoins Synthetix and Beanstalk Downgraded to F Grades by Bluechip and Placed on ‘Red Flag List’

Benito Cormi2 years ago2 min read

Synthetic Assets and Beanstalk Stablecoins Receive F Grades from Bluechip A nonprofit stablecoin assessment entity called Bluechip has recently given an F grade to Synthetix’s fiat…

OFAC Halts Venezuelan Gold Trade, Highlights Impending Oil Sanctions

Benito Cormi2 years ago2 min read

Revocation of License for Venezuelan Gold Company The Office of Foreign Assets Control (OFAC) has taken action to revoke the license of CVG Compania General de…

Blackrock’s IBIT Records Massive Surge in Bitcoin Holdings, Safeguarding 70,005 BTC Worth Close to $3 Billion

Benito Cormi2 years ago2 min read

GBTC and IBIT in Flux: Bitcoin Trusts Show Diverging Trends Grayscale’s Bitcoin Trust (GBTC) and Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, are experiencing contrasting trends…

Intriguing Resurgence of 1,210 Dormant Bitcoins from 2016 Sparks Curiosity, Tracing Unexplained Activity from the Prior Day

Benito Cormi2 years ago2 min read

The First Movement of Funds in Almost Eight Years An entity that acquired a significant amount of bitcoins in 2016 has recently started transferring these assets…

Members of the House Financial Services Committee Urge Extension for Further Discussion on Proposed Digital Payment Plan

Benito Cormi2 years ago4 min read

US Lawmakers Call for Extended Discussion on CFPB Digital Asset Rule Leading members of the U.S. House Financial Services Committee are requesting an extension of the…

Euro Stablecoin Tests Launched by Monei

Benito Cormi2 years ago2 min read

Monei Launches Pilot Test for EURM Stablecoin in Collaboration with Bank of Spain Spanish payment platform, Monei, has initiated the testing phase for EURM, a euro-backed…

Singapore High Court Rejects 3AC’s Motion to Dismiss Lawsuit by Defiance Capital Founder

Benito Cormi2 years ago3 min read

The High Court of Singapore Rejects Three Arrows Capital’s Attempt to Dismiss Lawsuit The High Court of Singapore has dismissed a motion filed by crypto hedge…

FTX’s Revival Efforts Likely Abandoned, Controversial Reimbursement Plan Certified by Judge, Claims Lawyer

Benito Cormi2 years ago2 min read

No Suitors Will Invest the Required Capital FTX, the collapsed cryptocurrency exchange, has given up on its efforts to resume operations because none of the potential…

BTC’s Price Resilience Remains Steady in Face of Market Fluctuations: Bitcoin Technical Analysis

Benito Cormi2 years ago3 min read

Sentiment towards Bitcoin Reflects Cautious Optimism The sentiment towards bitcoin (BTC) is currently balanced, with a sentiment score of 54. Investors are cautiously optimistic, straddling the…

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