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According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional over-the-counter (OTC) liquidity for numerous cryptocurrencies, now holds a Bitlicense. This business … Read more
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was … Read more
This week at the BTC Prague conference, Deutsche Telekom’s subsidiary T-Systems MMS announced its operation of a Bitcoin node and a Lightning Network node. Deutsche Telekom, Europe’s largest telecommunications provider and the parent company of T-Mobile, also shared plans to mine bitcoin. BTC Prague Conference: T-Mobile Owner Operates a Bitcoin Node, Plans to Mine the … Read more
Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to “end Joe Biden’s War on Crypto.” Reported Crypto Roundtable With Biden Administration Scheduled for July The former 45th U.S. President, Donald Trump, … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypto trading services for all its customers, and Worldcoin decided to establish a hub in Argentina. Paraguayan Minister Unveils Future Economic Strategy Centered … Read more
There is no doubt Big Daddy Bitcoin is the most significant market driver, but when it comes to sheer profit, the altcoins are where it’s at! In the last 5 years, every single top-10 coin – apart from XRP – outpaced Bitcoin, with several 100x cryptos coming onto the market. As sure as night follows … Read more
Holograph has suffered a significant security breach, with a hacker minting 1 billion $HLG tokens. Following the exploit, the attacker swapped some of the $HLG for $USDT, transferring the funds to the address acc01ade.eth. From there, 1.3 million $USDT was exchanged for over 300 $ETH, which was then distributed to four different addresses. A small … Read more
The value of the $DADDY token has sharply declined by over 25% in the past hours, driven by significant insider activity. On-chain reports from Lookonchain revealed that an insider sold 15.14 million $DADDY for 11,752 $SOL, equivalent to $1.74 million, generating an enormous profit given his initial investment was less than $2,000. Before @DaddyTateCTO published … Read more
Amidst a generally bearish crypto market trend, the value of Toncoin (TON) has surged past the $8 mark, reaching an all-time high of $8.12 and achieving a market cap exceeding $19.2 billion. According to analyst Ali Martinez on X, Toncoin is preparing for a potential 40% breakout, targeting an impressive $11. However, the TD Sequential … Read more
Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months. This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets. There are two primary ways FOMO and greed manifest in Bitcoin trading: 1. Price Surges: Traders rush … Read more