Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff

Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.

The adoption of blockchain technology is slowly taking shape across a multitude of industries. At the forefront of the amalgamation of payment systems and logistics is US tech giant International Business Machines Corporation (IBM), which has established itself as a leader in terms of blockchain-based products and offerings.The latest developments aim at the logistics sector…

Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has been largely bullish for Bitcoin.Since 2013, Bitcoin has closed November in the red on only two occasions, in 2018 and 2019. Another positive impetus for Bitcoin could be…

When CryptoKitties burst onto the scene back in November 2017, we had our first taste of load-testing a blockchain solution at scale. Congestion spiked, and we saw glimpses of how far away we were from mass adoption being a realistic achievement. After setting about increasing “birthing fees,” in search of a better solution, the game…

An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to join a “backstop syndicate” and cover…

Decentralized finance (DeFi), one of the fastest growing ecosystems in the cryptocurrency market, has long been a dilemma for regulators, given the decentralized nature of the space. In 2022, United States regulators paid special focus to the nascent area with significant attention to ending the anonymous nature of the ecosystem.DeFi protocols allow users to trade, borrow…

Bitcoin price hangs slightly above $35,000 while traders simply watch the dip from the sidelines. 9067 Total views 11 Total shares The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend.Despite the…

95 percent of volume on unregulated exchanges appears to be fake or non-economic in nature, an analysis from cryptocurrency index fund provider Bitwise Asset Management has argued in a report dated March 20.Bitwise reported its data and claims to the United States Securities and Exchange Commission (SEC) as part of a proposed rule change for…