These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, cbBTC. Coinbase Clarifies ETF Operations Amid Bitcoin IOU Rumors On September 14, crypto analyst Tyler Durden suggested that Coinbase was issuing BTC IOUs to BlackRock. This would mean BlackRock could borrow Bitcoin to short it…
In September 2024, Solana-based protocol Pump.fun became the fastest growing crypto app in history by some metrics, surging to $100 million in revenue in record time. The meme coin launchpad has birthed some of the biggest memes, viral metas, and dangerous moments in crypto history, including a cute dog named…
Tether , the issuer of the world’s largest stablecoin, announced Friday the appointment of Jesse Spiro as head of government affairs. In this role, Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators and key stakeholders. Spiro brings over six years of experience in government and…
Tron-based SUNDOG managed to establish itself as a must-watch coin this week, leaving behind top meme assets like PEPE. SUNDOG (SUNDOG) SUNDOG’s price has surged by 66% over the past week, currently trading at $0.34. During this rally, it set a new all-time high of $0.378, a level that could…
Analyst Miles Deustcher took to his latest video and opened up about several key factors influencing the altcoin market, especially as we head into Q4. He explained that from a macro perspective, seasonal patterns, and crypto-specific factors, the next few months look promising. He believes we’re moving out of the…
Think stablecoins are just a vehicle for anonymous crypto trading? A new survey from Castle Island Ventures would suggest otherwise. In a report sponsored by Visa, the firm showed that crypto users in five developing countries – Nigeria, India, Indonesia, Turkey, and Brazil – are turning to stables largely as…
Despite these concerns, Tether has recently emerged as one of the most profitable crypto companies globally, reporting massive quarterly profits. In a letter aimed at protecting consumers, addressed to Washington Governor Jay Inslee, Consumers’ Research criticized Tether for failing to conduct an audit to prove that its USDT stablecoin is…
Consumer protection group Consumers’ Research released a report criticizing the lack of transparency around stablecoin issuer Tether’s U.S. dollar reserves and calling it a “disaster for consumers waiting to happen.” The report claims the main issue is Tether’s lack of a full audit from a reputable accounting firm of the…
Coinbase launched the cbBTC in response to issues surrounding BitGo’s Wrapped Bitcoin (WBTC). It is available on Ethereum and Coinbase’s Base network and can be used in various decentralized finance (DeFi) platforms. According to Justin Sun, cbBTC marks “a dark day for Bitcoin,” fronting risks to DeFi because of centralized…
In a post on X on Sept. 12, Justin Sun let rip at Coinbase, stating that its wrapped Bitcoin launch was a “dark day for BTC.” Sun said that cbBTC lacks proof-of-reserve, has no audits, and the company can freeze anyone’s balance anytime. He said it essentially is “just trust me,”…