Author: Editorial team -CoinShastra
Binance Spot trading in trouble
Binance, one of the largest cryptocurrency exchanges, is facing a reduction in spot trading. There has been a 70% reduction in stop trading in the second quarter of the year….
Chinese city Jinan to allow passengers to pay for bus rides with digital yuan
In a move that marks the wide-ranging utility of cryptocurrencies in daily life, the Chinese city Jinan recently rolled out a new scheme whereby its citizens would be able to…
China announces stricter measures for exports of metals used in AI chip-making
The Xi Jinping-led Chinese government recently will soon be introducing stricter controls on exports of metals that are primarily used for manufacturing semiconductors for artificial intelligence (AI) systems. In a…
TON blockchain launches new messaging system
The Open Network (TON) is a blockchain-based decentralized computer technology that was developed by the Telegram network team. In May 2020, the Telegram team withdrew this project after litigation from…
Bittrex’s challenge shocks SEC
Bittrex is one of the largest cryptocurrency exchanges that was founded in 2014 in order to trade Bitcoin (BTC), dogecoin (DGC), etc. It was founded by 3 cybersecurity engineers and…
Citing high cybercrime rate, Belarus planning ban on P2P crypto exchanges
Belarus has officially started working on legal amendments that would ban permissionless transactions involving cryptocurrencies like Bitcoin, according to reports. The move is believed to be guided by the Belarusian…
Bitcoin Depot’s Nasdaq Debut pushes its price by 12%
The world’s largest cryptocurrency operator Bitcoin Depot debuted on the Nasdaq on July 3, 2023, and clocked a 12% increase in its share price. The uptick in its price came…
Ripple $XRP continues bearish streak: Will the SEC verdict finally trigger bull action?
Ripple has faced a lot of bearish action ever since the $XRP token was delisted by many exchanges after the legal clampdown by the SEC. However, Ripple has defended itself…
For its spot trading ETF, Cboe names Coinbase as a partner for surveillance-sharing agreements
The Chicago Board Options Exchange’s (Cboe) BZX Exchange announced leading crypto exchange Coinbase as its surveillance partner for its Bitcoin spot trading Exchange Traded Fund (ETF) while refilling applications with…
The latest Crypto hack issued Billions of Worthless Cryptocurrency Tokens
Along with the increase in cryptocurrency trading, hackers have taken over the world of cryptocurrency as well, costing millions to investors. It’s important to be careful in which crypto to…
LUNC Burning mechanism – The strategy for a possible price surge
The burn mechanism has been the common strategy adopted by cryptocurrencies to reduce the risk of inflation and to promote long-term investment. Terra Luna Classic (LUNC) has used the burn…
Bitcoin Price Prediction: $BTC managed to close the 2nd quarter candle in green!
Many experts have been warning that a price retreat is imminent for Bitcoin but the pioneering cryptocurrency has managed to surprise all. Rising high on the news of Microstrategy purchasing…
US court orders Kraken to turn over its users’ account info to IRS
A US court on June 30, 2023, ordered cryptocurrency exchange Kraken to submit details of its users’ accounts and other transactional data to the Internal Revenue Service (IRS). The agency…
Coinbase Layer 2 protocol nears mainnet launch
Leading cryptocurrency exchange Coinbase’s new Layer 2 protocol Base announced that it has recently completed four of the five criteria and would soon be all set for mainnet launch. On…
CME Group to Roll Out Ethereum/Bitcoin Ratio Futures in July
The Chicago Mercantile Exchange (CME) Group on June 29, 2023, announced that it will be rolling out Ether/Bitcoin Ratio futures. The futures contracts are slated to be launched on July…
The new tax rule of Slovakia might help to increase the demand for Crypto
Slovakia has been an early adopter of cryptocurrencies since the year 2018. Slovakia has come a long way from cryptocurrencies not having a robust legal framework to passing the bill…
deBridge Introduces Innovative Feature Enabling Seamless Access to Ethereum-Based Blockchains for Solana Users
deBridge, a cross-chain bridge solution, has unveiled a groundbreaking feature that allows users on the Solana blockchain to easily access applications on Ethereum-based blockchains and vice versa. This development eliminates…
ChatGPT – To use or not to use?
There was a time when the only way to gain any sort of information was to go to the library. Books, whether updated or not, used to be the only…
UK’s new crypto rule gets Royal Assent. Here’s what it means
A new bill that would enable regulators in the UK to oversee cryptocurrencies and stablecoins was approved by King Charles on June 29, 2023, making it an official law. The…
ARK and 21Shares amend 19b-4 for their ETF. Here’s what it means
ARK Investment Management and crypto asset management firm 21Shares will be making changes to their 19b-4 for their spot Bitcoin exchange-traded fund (ETF) to include a surveillance sharing agreement (SSA)….