Kraken is reportedly considering withdrawing support for the stablecoin USDT in Europe. The exchange’s plans come as it pushes for compliance ahead of MiCA, the EU’s cryptocurrency regulation. Cryptocurrency exchange OKX ended support for USDT trading in the EU in March. Kraken is considering a move for the cryptocurrency exchange to drop support for the Tether (USDT) stablecoin in Europe. A Bloomberg report published on Friday, May 17, noted that the cryptocurrency exchange is “actively reviewing” this position. Kraken seeks to delist USDT ahead of the EU’s MiCA regulations. According to reports, Kraken is considering ending USDT support for its…
Author: Crypto Flexs
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Cryptocurrency acceptance in Latin America According to Ripple ( While consumers are enthusiastic cryptocurrency Although high, mainstream acceptance has not yet been achieved. For the first time in history, cash no longer accounts for the majority of payment preferences in Latin America. Today, only 36% of consumer transactions are cash-based, and the shift to digital payments is rapidly gaining momentum. According to a global survey, Latin Americans are more likely than their global peers to feel comfortable without a physical wallet and are most likely to believe that mobile wallets will completely replace cash within…
A St. Petersburg court seized more than $763 million in assets from Unicredit, Deutsche Bank and Commerzbank following a dispute with a Gazprom subsidiary. The seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million in assets from Unicredit, about 4.5% of its total assets.
According to Ripple’s latest XRP Markets report, theAccording to a report published on May 17, XRPL on-chain transaction activity increased 108% during the first quarter of 2024, reaching approximately 251.39 million, compared to a total of 121.03 million in the fourth quarter of 2023. no see.Additionally, the average cost per transaction decreased by 45% to approximately 0.000856 USD.“This decrease in average cost per transaction signals a reset and means we did not experience network congestion during the quarter.”XRPL’s average cost per transaction decreased by 45% in Q1 2024. Source: RippeMeanwhile, the distribution of XRP (XRP) trading volume among cryptocurrency exchanges…
Bitcoin (BTC) hit $67,000 on May 19 as liquidity around the spot price strengthened towards the close of the week.BTC/USD 4-hour chart. Source: TradingViewBitcoin resistance level is determined to be around $70,000.Data from Cointelegraph Markets Pro and TradingView shows the bulls have maintained their gains this week, with monthly gains now exceeding 10%.Analyzing the obstacles to overcome, popular trader Daan Crypto Trades pointed out that $72,000 currently represents the greatest resistance area.“The price has eliminated a large cluster of ~$67.4K, but there is still a large level of ~$68K. “After ~$72,000 is where most of the liquidity is,” he wrote…
Smart contract platform Solana (SOL) has risen to the top of CoinGecko’s list of fastest blockchains. CoinGecko said in a new publication that Solana is the fastest large blockchain on the market, 46 times faster than rival Ethereum (ETH), the second-largest digital asset by market capitalization. However, CoinGecko says Solana is only achieving 1.6% of its theoretical maximum throughput. “Solana has proven to be the fastest of the large blockchains, with actual daily average transactions per second (TPS) hitting an all-time high of 1,504 on April 6th of this year amid the memecoin craze. This makes Solana 46 times faster…
Anichess, a subsidiary of Animoca Brands and a specific game (chess-related) developed in collaboration with Chess.com and renowned five-time world chess champion Magnus Carlsen, has announced its partnership with Team. Secret is a famous and fast-growing international esports brand. The goal of this partnership is to combine competitive gaming with Web3 technology. As part of this collaboration, John Yao, CEO of Team Secret, will serve as a counselor. Relying primarily on chess, this traditional Web3 game introduces new tactics through spells that unlock innovative tactics and gameplay components you may not have considered before. It forces players to reevaluate the…
Ripple has released its first quarter report of the year highlighting substantial network activity for the XRP token and the XRP Ledger (XRPL). These growth metrics coincide with Ripple making significant progress in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). XRP and XRPL had big wins in the first quarter. Daily spot trading activity for XRP increased 40% during the reporting period, reaching approximately $865 million. The company noted that XRP trading volume across exchanges has remained fairly consistent, with Binance, Bybit, and Upbit accounting for over 70% of total volume. Speculative interest among cryptocurrency…
Bitcoin (BTC) price has solidified its position slightly above the key support level of $65,000, and cryptocurrency traders believe that Bitcoin’s formation remains bullish. Some even doubt speculation that there will be a major adjustment in the near future.“Bitcoin is holding the price so strongly that I don’t think there will be a major correction,” anonymous cryptocurrency trader Yoddha told his 49,000 X followers on May 18.Meanwhile, anonymous cryptocurrency trader Rekt Capital noted that significant correction events have already occurred, with the price of Bitcoin falling 15% from $66,421 on April 24 to $56,792 on May 2, according to CoinMarketCap…
John Bigatton, BitConnect’s former promoter, pleaded guilty to one criminal charge related to providing unlicensed financial services. Bigatton appeared in the Sydney Local Court on May 16 and admitted providing unlicensed financial services on behalf of another person. This is a breach of section 911B(1) of the Australian Corporations Act. BitConnect was a financial services business and online cryptocurrency platform that offered investment opportunities through its website, including a product known as a lending platform. Investors must acquire BitConnect Coin (BCC), a cryptocurrency token, to participate in this platform. The lending platform allowed lenders to invest in, or “lend,” BCC…