The latest reports reveal that just 318 Tether whales control over 80% of its circulating supply with each of them holding at least $1 million worth of USDT tokens making the market vulnerable to manipulation.
The petition to stop Ripple’s XRP dumping has been started by trader Crypto Bitlord, and it recommends that Ripple no longer release its supply of XRP onto the crypto market, suggesting this will lead to a pump, “like the good ol days.”
Having listed a tokenized security for trading, Seychelles-based stock exchange MERJ has become the world’s first exchange to do it.
The government of Seoul has announced concrete plans for its blockchain-based Smart City scheduled to be completed by 2022. Seoul will use its own cryptocurrency as part of a citizens reward system.
The Eureka Network, a blockchain project built on Bitcoin’s UTXO model, introduces its EurekaX exchange, claiming to solve the problem of liquidity and offering special bonuses for early sign ups.
Binance introduced 8th IEO on its Launchpad platform. Dubbed Perlin, the project is a scalable smart contracts platform, which aims to transform and accelerate the $11 trillion global trade market into a completely digital, autonomous industry.
Changpeng Zhao, the Binance CEO, believes Facebook’s Libra will easily achieve mass adoption whether or not people hate it. He also said that Binance would soon make a special focus on the European market.
The KYC (Know Your Customer) data of thousands of Binance users have been reportedly hacked and the IDs are being posted in a Telegram chat group. CZ described rumors circulating as an attempt to spread “FUD”.
BlockFi, a service that allows its users borrow fiat using crypto deposits, has just bagged $18.3 million in its Series A funding. The funds will reportedly be used to expand its products and employee base.
Kik kicked back at the SEC lawsuit that claims a $100 million ICO was illegal. The company behind Kik Messenger filed a response in U.S. District Court for the Southern District of New York, alleging that the SEC is “twisting” the facts about its token.
After it has become known that Matic and Harmony are among the candidates to be added by Coinbase, their prices have surged.
President Donald Trump has signed an executive order, immediately prohibiting access by the Venezuelan government to any of its assets within the jurisdiction of the United States.
Bitpoint, a Japanese cryptocurrency exchange, is resuming crypto trading after a devastating hack worth $32 million in mid-July. The company has recovered and will refund its customers.
Coinbase has made an official announcement informing the crypto community that it is exploring many digital assets that it wants to add to its platform to cater to its customers worldwide.
Facebook has recently hired Susan Zook, a former aid to the chairman US Senate Banking Committee to work on lobbying Facebook’s Libra cryptocurrency project.