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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Do you recall the state of crypto exchanges back in 2017? I entered the crypto space at that time, and crypto exchanges were entirely different from what
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"Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer," Tether said in the announcement. Source
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Cross-chain router protocol Multichain has announced that it is "forced to cease operations" because of the lack of operational funds. The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders. On July 14, Multichain’s official Twitter account announced that it
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Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust. The fifth-largest stablecoin by market capitalization traded at $0.9964 at its deepest point. According to CoinMarketCap, its value is $0.9981 as of this writing.
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Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month. Original Source
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Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said. Source
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Meanwhile, The Australian Securities and Investments Commission (ASIC) is reviewing Binance Australia's derivatives business after the crypto exchange erroneously classified 500 users as "wholesale investors," leading to the closure of their derivative positions, which local regulations prohibit for retail traders. Source
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An unidentified issue on Ethereum’s Beacon Chain led to a halt in transactions for nearly half an hour on May 11. Around 8:15pm on Thursday May 11, a number of Ethereum core developers announced that the Beacon Chain was having issues with confirming transactions. New blocks were able to be proposed
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Dogecoin Drops After Elon Musk's Twitter Stops Using Its Logo Source
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The crypto-friendly bank wrote off $47.9 million in loans, primarily mining rig-collateralized debt. Original Source
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