Following the issuer’s decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position on the stablecoin TrueUSD (TUSD). According to on-chain data, an Ethereum user utilized Aave’s V2 lending platform by depositing 7.5 million USDC, a stablecoin, as
Month: June 2023
Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoin derivatives. Inflation remains the biggest question mark
The four major media outlets advocating for the release of FTX customer names have opposed the decision to seal them. Meanwhile, a crypto lawyer told Cointelegraph that “there is clear evidence” of potential harm if the names were to be disclosed. According to a Reuters report published on June 23, Bloomberg, Dow Jones & Company,
Apple has come up with a promotional deal for university students in India. Under the new “Back to University” 2023 campaign, the Cupertino tech giant is providing discounts on the purchase of iPad, MacBooks, and desktop computers. Apple’s iPad Pro 11-inch, iPad Pro 12.9-inch, and iMac 24-inch can be grabbed at discounted rates during the
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard. “If this deal is completed, the combined company… is likely to have the ability, an incentive, to harm competition in various markets related to consoles, subscription services, and the cloud
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was filled with artificial intelligence (AI)-centered developments on Etherscan, Polygon’s latest security update and on-chain sleuth ZachXBT’s ongoing lawsuit supported by multiple
A rumor is currently circulating on Twitter about an alleged connection between Ripple Labs and the US Federal Reserve (Fed). Even though the story is apparently very far-fetched, it is nevertheless a story worth telling, and we don’t want to keep it quiet. The origin of the rumor is popular XRP army member @NFAdotcrypto. The
Siemens Energy shares plunged 31% on Friday morning after the company scrapped its profit forecast. Wolfgang Rattay | Reuters Siemens Energy shares plunged 31% on Friday morning after the company scrapped its profit forecast and warned that costly problems at its wind turbine unit could last years. The company, born from the spinoff of the
Jun 23, 2023Ravie LakshmananSocial Engineering / Phishing A threat actor known as Muddled Libra is targeting the business process outsourcing (BPO) industry with persistent attacks that leverage advanced social engineering ploys to gain initial access. “The attack style defining Muddled Libra appeared on the cybersecurity radar in late 2022 with the release of the 0ktapus
Two top investors in Byju‘s confirmed on Friday that their representatives had resigned from the board of the once high-flying Indian startup, which has been battling pressure from lenders amid a steep drop in its valuation. The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capital India, and Russell Dreisenstock of Prosus could
Noise has launched a new pair of earbuds, Buds VS103 Pro true wireless earphones with active noise cancellation (ANC), in India. The new affordable true wireless stereo (TWS) earbuds support Bluetooth 5.2 connectivity and Instacharge technology for fast charging. The new pair of buds from Noise are claimed to offer up to 150 minutes of
Meta Platforms‘ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video calling for violence post the 2022 Brazilian election to stay online. The board said on Thursday that Meta’s original decision to leave up the Facebook video, which featured
The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. Although it’s unclear whether the SEC will finally allow a Bitcoin
Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors. In written remarks for a panel at the Bank for International Settlements Annual Conference on June 23, Panetta said crypto’s perception
Winklevoss twins’ cryptocurrency exchange Gemini continues to actively expand its services across the world, debuting Ethereum staking in the United Kingdom. On June 23, Gemini officially announced the expansion of Gemini Staking Pro in the United Kingdom. The service allows institutions and high-net-worth individuals to become Ethereum validators by locking up at least 32 Ether
A few months ago Pepecoin came and went, bringing quick, unimaginable riches to early investors and turning late comers into reluctant bag holders. While the chart resembles the standard crypto pump-and-dump scheme, PEPE’s price action this week suggests that the frog-themed token could be the newest contender to Dogecoin (DOGE) in the memecoin sector. Dogecoin
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