This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Elon Musk’s New Payments Account Is Live
X, the newest initiative from Elon Musk, has launched a unique payment account, marking its entry into the financial sector. In the ever-changing world of Musk’s commercial endeavors, this fascinating decision signifies yet another daring step…[continue reading]
2) JPMorgan Chase Engages In Complex Scam After Customer Loses $10,000 In Account
The consumer claims that JPMorgan Chase has chosen not to fix or even investigate the loss of $10,000 from their main checking account. According to WTOC, a CBS affiliate, Arizona customer Cate Dutler claims that a check she sent to a Chicago relative never arrived…[continue reading]
3) Fidelity Is The Second-Place Issuer Of Bitcoin ETFs To Reach $1 Billion In Inflows
According to statistics from BitMEX Research, Fidelity joined BlackRock in the $1 billion-plus inflows club yesterday, bringing the total net flows from the first five days of trading for the new U.S. spot bitcoin ETFs to roughly $1.2 billion…[continue reading]
4) The Daily Transaction Volume Of DYdX Exceeds That Of Uniswap
dYdX has achieved a daily transaction volume of $757 million, surpassing that of Uniswap, subsequent to its migration to the Cosmos blockchain. The news has been all over decentralized exchange (DEX) dYdX, which surpassed industry veteran Uniswap to become the platform with the highest 24-hour trading volume…[continue reading]
5) Woo Raises $9 Million To Strengthen The WOO X Exchange’s Liquidity
Notable liquidity providers, Wintermute and Amber, are among those taking part in the fundraising. The WOO X exchange will have more liquidity thanks to a $9 million round that Woo said it had finished with many present and prospective platform market makers…[continue reading]
6) SEC Trial Against TERRAFORM Labs And Co-Founder Do Kwon Postponed By Federal Judge
The trial of Terraform Labs and its co-founder, Do Kwon, who are facing charges of a $40 billion cryptocurrency scam, has been postponed, according to US District Judge Jed Rakoff of Manhattan…[continue reading]
7) Indonesian Crypto Exchanges Blame High Taxes For The Massive Drop
Despite its status as a pioneer in the digital asset market, Indonesia saw a 60% decline in trading volumes on cryptocurrency exchanges in 2023. Coincidentally, with the country’s treatment of cryptocurrencies as commodities, local exchanges have pointed the finger at income and VAT taxes as a possible cause of the decline…[continue reading]
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