Articles by Anvesh Reddy
CZ weighs in on Russia crackdown
Exchange News
CZ weighs in on Russia crackdown
Exchange News

Just In: CZ Says Binance Protects Users Before Shareholders

Binance on Monday made a clarification to its users in the backdrop of a recent disclosure by another top exchange Coinbase. At the time, widespread debates emerged around safety of investor funds. The disclosure suggested that if Coinbase were to go bankrupt, it could treat its customers as ‘unsecured creditors’. However, Coinbase’s chief financial officer

Binance on Monday made a clarification to its users in the backdrop of a recent disclosure by another top exchange Coinbase. At the time, widespread debates emerged around safety of investor funds. The disclosure suggested that if Coinbase were to go bankrupt, it could treat its customers as ‘unsecured creditors’. However, Coinbase’s chief financial officer

Algod was a vocal critic of Terra
Stablecoin News
Algod was a vocal critic of Terra
Stablecoin News

Hard Fork Vs Genesis Chain: Terra Team Clears Air Around Debate

In an effort to clear confusion over the amended Terra Ecosystem Revival Plan 2, the Terra team on Monday gave an explanation. Following the recent collapse, the Terra ecosystem has been trying to come up with a revival plan. As part of this, Terra had last week published an amendment to the proposal and made

In an effort to clear confusion over the amended Terra Ecosystem Revival Plan 2, the Terra team on Monday gave an explanation. Following the recent collapse, the Terra ecosystem has been trying to come up with a revival plan. As part of this, Terra had last week published an amendment to the proposal and made

Stablecoin News
Stablecoin News

Just In: S. Korea Police Seek To Guard LUNA Assets

Even as the South Korean authorities try to probe the disastrous Terra crash, a new development took place in this regard on Monday. The latest action appears to be a cautious move to prevent any further loss of Terra funds and investor money. The South Korean police have reportedly taken measures to freeze the Luna Foundation

Even as the South Korean authorities try to probe the disastrous Terra crash, a new development took place in this regard on Monday. The latest action appears to be a cautious move to prevent any further loss of Terra funds and investor money. The South Korean police have reportedly taken measures to freeze the Luna Foundation

Litecoin Foundation Partners AntPool For Digital Currency Research Lab
Altcoin News
Litecoin Foundation Partners AntPool For Digital Currency Research Lab
Altcoin News

Breaking: S. Korean Exchanges Redflag Litecoin Mimblewimble Update; May Delist LTC

Just two days after the Litecoin’s Mimblewimble update activated on the Litecoin network, a stumbling block came in the way. In a latest, two South Korea-based crypto exchanges warned investors about a major defect. Bithumb and Upbit, South Korea’s top two crypto exchanges by volume, made the announcements on Monday while detailing the reasons. This

Just two days after the Litecoin’s Mimblewimble update activated on the Litecoin network, a stumbling block came in the way. In a latest, two South Korea-based crypto exchanges warned investors about a major defect. Bithumb and Upbit, South Korea’s top two crypto exchanges by volume, made the announcements on Monday while detailing the reasons. This

Algod was a vocal critic of Terra
Stablecoin News
Algod was a vocal critic of Terra
Stablecoin News

Another Top Exchange To Delist Terra UST Over Collapse

The Terra UST token faced the axe from popular cryptocurrency exchanges like Binance, BitMEX, OKX and FTX in the last few days. In a latest move, another top exchange Gemini joins the list of exchanges that announced or already have Terra delisted. Unprecedented meltdown witnessed in the Terra network on May 12 resulted in a

The Terra UST token faced the axe from popular cryptocurrency exchanges like Binance, BitMEX, OKX and FTX in the last few days. In a latest move, another top exchange Gemini joins the list of exchanges that announced or already have Terra delisted. Unprecedented meltdown witnessed in the Terra network on May 12 resulted in a

bitcoin Price
Bitcoin News
bitcoin Price
Bitcoin News

Bitcoin Price: Key Metrics Show Surprising Insights

While Bitcoin continues to struggle to exceed the $30,000 range, latest figures on key Bitcoin price metrics indicate a more bearish sentiment. Last week’s drastic meltdown of Terra ecosystem had a direct impact on Bitcoin price, which slid by at least 20% since then. As of writing, Bitcoin was trading at $29,432, down 2.75% in

While Bitcoin continues to struggle to exceed the $30,000 range, latest figures on key Bitcoin price metrics indicate a more bearish sentiment. Last week’s drastic meltdown of Terra ecosystem had a direct impact on Bitcoin price, which slid by at least 20% since then. As of writing, Bitcoin was trading at $29,432, down 2.75% in

CZ weighs in on Russia crackdown
Stablecoin News
CZ weighs in on Russia crackdown
Stablecoin News

Breaking: Binance CEO Says Terra Crash Was Avoidable, Here’s How

Describing the Terra LUNA ecosystem as a shallow concept, Binance CEO Changpeng Zhao on Friday further spoke about the crash. He said there are ‘no great solutions’ that can please everyone who were affected by the meltdown. CZ said Terra’s growth was hollow and that led to the bubble burst. He indicated that the collapse was

Describing the Terra LUNA ecosystem as a shallow concept, Binance CEO Changpeng Zhao on Friday further spoke about the crash. He said there are ‘no great solutions’ that can please everyone who were affected by the meltdown. CZ said Terra’s growth was hollow and that led to the bubble burst. He indicated that the collapse was

Stablecoins a contentious topic for regulators
Stablecoin News
Stablecoins a contentious topic for regulators
Stablecoin News

Just In: Amid Crash, Market Expansion Could Boost This Stablecoin

After suffering brief resistance from traders following the Terra ecosystem meltdown recently, the USDD stablecoin appears to be regaining steadily. Adding to this trend is increasing market expansion for the Tron-backed stablecoin. Just few days before the Terra crash unfolded, the TRON DAO Reserve introduced USDD as a cryptocurrency with stable price and diverse use

After suffering brief resistance from traders following the Terra ecosystem meltdown recently, the USDD stablecoin appears to be regaining steadily. Adding to this trend is increasing market expansion for the Tron-backed stablecoin. Just few days before the Terra crash unfolded, the TRON DAO Reserve introduced USDD as a cryptocurrency with stable price and diverse use

Singapore and Cambodia Explores Digital Currencies As Interest in Crypto Grows
Regulation News
Singapore and Cambodia Explores Digital Currencies As Interest in Crypto Grows
Regulation News

SWIFT Plans To Interlink All CBDCs, Here’s Why

Even as central banks of various economies explore CBDCs, SWIFT is advancing cross-border payments involving digital currencies. While most of the central bank digital currency (CBDCs) focus on achieving digitalization of fiat currencies, SWIFT’s latest move aims at cross-border payments. SWIFT is the global standard for payment and securities trade transactions. The new project, along

Even as central banks of various economies explore CBDCs, SWIFT is advancing cross-border payments involving digital currencies. While most of the central bank digital currency (CBDCs) focus on achieving digitalization of fiat currencies, SWIFT’s latest move aims at cross-border payments. SWIFT is the global standard for payment and securities trade transactions. The new project, along

Tether Is Trying To Support The USDT Peg, Here's How
Stablecoin News
Tether Is Trying To Support The USDT Peg, Here's How
Stablecoin News

Just In: Latest Report On Tether’s Fund Reserves

In what could prove to be a sigh of relief to crypto investors, Tether’s newly released attestation report reveals positive outlook on the stablecoin’s reserves. The company’s latest quarterly assurance opinion demonstrates the strength of Tether fund reserves. It reveals significant reductions in Tether’s commercial paper investments and an overall increase in U.S. treasury bills.

In what could prove to be a sigh of relief to crypto investors, Tether’s newly released attestation report reveals positive outlook on the stablecoin’s reserves. The company’s latest quarterly assurance opinion demonstrates the strength of Tether fund reserves. It reveals significant reductions in Tether’s commercial paper investments and an overall increase in U.S. treasury bills.

russia bitcoin
Regulation News
russia bitcoin
Regulation News

Just In: Russia Minister Hints At Bitcoin Payments Nod

Another major boost to Bitcoin adoption is here in the same week as El Salvador discussed cryptocurrencies with delegates from 44 countries. So far, the Russian authorities were highly vocal in support of Bitcoin. Russia’s Industry and Trade Minister Denis Manturov suggested the country could soon come up with a Bitcoin breakthrough. The minister was

Another major boost to Bitcoin adoption is here in the same week as El Salvador discussed cryptocurrencies with delegates from 44 countries. So far, the Russian authorities were highly vocal in support of Bitcoin. Russia’s Industry and Trade Minister Denis Manturov suggested the country could soon come up with a Bitcoin breakthrough. The minister was

Terra's hard fork plans were criticized on Twitter
Stablecoin News
Terra's hard fork plans were criticized on Twitter
Stablecoin News

Just In: Yet Another Crypto Exchange Delists LUNA Perpetual Swaps

Cryptocurrency exchange Bitfinex on Wednesday announced it will soon delist the LUNA perpetual swaps. The latest move adds Bitfinex to the list of exchanges that have already deslited LUNA swaps. In the last few days, Binance, BitMEX, OKX and FTX were among those exchanges which delisted the cryptocurrency. The move comes following huge meltdown in

Cryptocurrency exchange Bitfinex on Wednesday announced it will soon delist the LUNA perpetual swaps. The latest move adds Bitfinex to the list of exchanges that have already deslited LUNA swaps. In the last few days, Binance, BitMEX, OKX and FTX were among those exchanges which delisted the cryptocurrency. The move comes following huge meltdown in

SEC Chair Gary Gensler Blames Crypto Trading Platforms For UST Investors' Loss
Regulation News
SEC Chair Gary Gensler Blames Crypto Trading Platforms For UST Investors' Loss
Regulation News

Breaking: SEC Announces Huge Crypto Enforcement Plan

SEC chair Gary Gensler said efforts are on to get a majority of the crypto initial coin offerings registered, in coordination with the crypto exchanges. He was speaking at the Congressional budget request questioning for FTC and SEC on Wednesday. Gensler said a majority of the coin offerings come under the SEC’s securities law. The

SEC chair Gary Gensler said efforts are on to get a majority of the crypto initial coin offerings registered, in coordination with the crypto exchanges. He was speaking at the Congressional budget request questioning for FTC and SEC on Wednesday. Gensler said a majority of the coin offerings come under the SEC’s securities law. The

Grayscale-Litecoin-Trust
Altcoin News
Grayscale-Litecoin-Trust
Altcoin News

Whales Eye Litecoin Ahead Of Major Update, Here’s Why

Ahead of the all-important the MimbleWimble (MWEB) update, the whales appear to be steadily eyeing Litecoin. The upgrade will allow transactions with the new MWEB privacy features. MimbleWimble Protocol Features The MWEB protocol allows for addition of confidential transactions on the Litecoin blockchain. Besides, the protocol reduces unwanted data on transactions from the blocks. Charlie

Ahead of the all-important the MimbleWimble (MWEB) update, the whales appear to be steadily eyeing Litecoin. The upgrade will allow transactions with the new MWEB privacy features. MimbleWimble Protocol Features The MWEB protocol allows for addition of confidential transactions on the Litecoin blockchain. Besides, the protocol reduces unwanted data on transactions from the blocks. Charlie

Stablecoins a contentious topic for regulators
Stablecoin News
Stablecoins a contentious topic for regulators
Stablecoin News

Stablecoin Meltdown: This Token Loses $7 Billion Within A Week

Ever since Tether temporarily lost the dollar peg last week, rampant liquidation appears to have happened. Apparently, the crypto crash induced by the depegging of another stablecoin, Terra’s UST has had significant effect on investor sentiment. Massive Tether Liquidation According to CoinGecko data, as much as $7 billion worth of Tether has been liquidated in

Ever since Tether temporarily lost the dollar peg last week, rampant liquidation appears to have happened. Apparently, the crypto crash induced by the depegging of another stablecoin, Terra’s UST has had significant effect on investor sentiment. Massive Tether Liquidation According to CoinGecko data, as much as $7 billion worth of Tether has been liquidated in

LFG's Additional 2508 Bitcoin Buy Fails To Push BTC Price Above $40k
Stablecoin News
LFG's Additional 2508 Bitcoin Buy Fails To Push BTC Price Above $40k
Stablecoin News

Breaking: Do Kwon Releases Another LUNA Revival Plan

Terra founder Do Kwon on Monday proposed to fork the Terra chain into a new chain without the algorithmic stablecoin. The new Luna revival plan comes in the backdrop of stablecoin crash last week following Terra network’s decline. Forking Terra (LUNA) The plan involves renaming the old chain to Luna Classic (LUNC) and new chain

Terra founder Do Kwon on Monday proposed to fork the Terra chain into a new chain without the algorithmic stablecoin. The new Luna revival plan comes in the backdrop of stablecoin crash last week following Terra network’s decline. Forking Terra (LUNA) The plan involves renaming the old chain to Luna Classic (LUNC) and new chain

ETHE-Shares
Bitcoin News
ETHE-Shares
Bitcoin News

Just-In: Grayscale Adds Five New Tokens To Its Investment Products

The Grayscale Bitcoin Trust (GBTC) on Monday announced the addition of five new tokens to its investment products. The new tokens have begun trading in the markets, taking Grayscale’s total number of products offered to 14 now. The new token additions are Grayscale Basic Attention Token Trust (GBAT), Grayscale Chainlink Trust (GLNK), Grayscale Decentraland Trust (MANA),

The Grayscale Bitcoin Trust (GBTC) on Monday announced the addition of five new tokens to its investment products. The new tokens have begun trading in the markets, taking Grayscale’s total number of products offered to 14 now. The new token additions are Grayscale Basic Attention Token Trust (GBAT), Grayscale Chainlink Trust (GLNK), Grayscale Decentraland Trust (MANA),

What-Is-a-Stablecoin
Altcoin News
What-Is-a-Stablecoin
Altcoin News

Another Stablecoin Follows LUNA $UST, Crashes Within Hours

Last week saw chaos in the cryptocurrency market due to the unprecedented crash of Terra’s UST stablecoin and LUNA. The crash resulted in traders debating about the trustworthiness of stablecoins, the latest being DEI price. This adds $DEI to other algorithmic stablecoins including UST and USDT which have also lost their peg to the dollar.

Last week saw chaos in the cryptocurrency market due to the unprecedented crash of Terra’s UST stablecoin and LUNA. The crash resulted in traders debating about the trustworthiness of stablecoins, the latest being DEI price. This adds $DEI to other algorithmic stablecoins including UST and USDT which have also lost their peg to the dollar.

TRON TRX
Blockchain News
TRON TRX
Blockchain News

Just In: Tron’s New Addition Takes Stablecoin Supply Beyond $1 Billion

The TRON DAO Reserve increased the supply of USDC stalecoin by $260 million on the TRON network. The new addition takes total circulating supply of Tron’s USDC stablecoin supply to $1.241 billion. This comes after Tron’s purchase of several stablecoins of late. On Friday, the TRON DAO Reserve increased the supply of USDC by $400

The TRON DAO Reserve increased the supply of USDC stalecoin by $260 million on the TRON network. The new addition takes total circulating supply of Tron’s USDC stablecoin supply to $1.241 billion. This comes after Tron’s purchase of several stablecoins of late. On Friday, the TRON DAO Reserve increased the supply of USDC by $400

bitcoin gemini buy the dip
Bitcoin News
bitcoin gemini buy the dip
Bitcoin News

Investors Warn On Bitcoin Dip, Here’s What They Say

Mark Mobius, a seasoned investor and co-founder of Mobius Capital Partners warned against buying the dip amid high volatility in Bitcoin’s price. A meltdown in the cryptocurrency market could take the Bitcoin price dip to as low as $10,000 in near future, he was quoted as saying by Financial News. The Bitcoin price has been

Mark Mobius, a seasoned investor and co-founder of Mobius Capital Partners warned against buying the dip amid high volatility in Bitcoin’s price. A meltdown in the cryptocurrency market could take the Bitcoin price dip to as low as $10,000 in near future, he was quoted as saying by Financial News. The Bitcoin price has been