The BTC-TUSD trading volume had recently grown tenfold compared to Tuesday, Dustin Teander, an analyst at crypto research firm Messari, said in an email. However, the asset pair’s $50 million spot trading volume in the past 24 hours is dwarfed by the dominant stablecoin USDT’s $6 billion and BUSD’s $1 billion volume, he added. Source
Coinbase has acted as a service provider for Algorand, connecting the user and the protocol and passing on rewards earned from staking. According to the exchange’s website, users can still earn staking rewards from the Ethereum, Cosmos, Tezos, Cardano and Solana blockchains. Source
A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would win its prolonged legal battle with the U.S. Securities and Exchange Commission. The token was worth around 45 cents at about 8 a.m. ET, according to data from CoinGecko, up over 11% in the last 24 hours. It was earlier trading up as much as 20%. Traders pointed to a supplemental notice submitted by Ripple on Monday which…
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LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations, the company announced Wednesday. It comes as Luno’s parent company, crypto-focused venture capital firm Digital Currency Group, continues to reel from turmoil in the crypto market. Luno also recently laid off 35% of its global workforce. Marcus Swanepoel, a South African former banker who founded Luno in 2013 with the aim of bringing crypto to the masses, will give up his CEO title after 10 years to become executive chairman,…
“Having first invested in Luno’s seed round in 2014 followed by an acquisition in 2020, we want to thank Marcus for his dynamic leadership and enduring enthusiasm for the global crypto landscape as he transformed Luno into a digital asset powerhouse,” DCG founder and CEO Barry Silbert was quoted as saying in in the release. “With James at the helm and strategic partnership from Marcus in his new role as Executive Chairman, we look forward to supporting Luno in its ambitious and continued growth journey.” Source
Four Thai immigration officers are facing arrest after allegedly abducting a Chinese national and extorting thousands of dollars in cryptocurrency. According to reports, the Chinese man, along with his female interpreter, was kidnapped by the officers after falling victim to a scam. The victim was reportedly lured into a fake investment scheme and lost a significant amount of money. The immigration officers then approached him and demanded a ransom of nearly US$30,000 in cryptocurrency, threatening to deport him if he didn’t comply. Thai deputy police commissioner Surachate Hakparn said that…
Russia-linked cryptocurrency exchange Bitzlato has partially restored access to user funds despite being officially seized by European authorities. Bitzlato has enabled its users to withdraw up to 50% of assets stuck on the platform due to enforcement from the United States and Europol, the firm announced on its Telegram channel on March 20. According to the statement, Bitzlato users can now restore half of their assets using the Telegram bot — bz_phoenix_bot — which allows users to move assets from the web Bitzlato account to an external wallet or exchange.…
The trading platform is built for the current market situation and is now reaping those benefits, Stephan Lutz, says. Source
Crypto exchange Okcoin has suspended the trading of two Citycoins, MiamiCoin and NYCCoin, as of March 16, citing limited liquidity as the reason for the decision. Source