Altcoin News

Crypto-Lending-Firm-Babel-Finance-Freezes-Withdrawals-Due-to-Crypto-Market-Crash
Babel Finance Freezes Withdrawals Due to Crypto Market Crash

Babel Finance temporarily freezes withdrawals of cryptocurrencies on Friday. The crypto lender failed to pay its clients due to the recent crypto market meltdown. Fear from crypto meltdown, withdrawal freezes from firms, and depegging might increase redemptions from other companies. Babel Finance momentarily freezes the withdrawals and redemption of cryptocurrencies from its platform on Friday. As per the report of CNBC, the action took place after the firm struggled to pay its clients caused by the recent crypto market meltdown. The value of cryptocurrencies in the past few weeks has tumbled after the investors dump their assets, due to the

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What-happened-With-Celsius,-and-How-its-Crypto-Lending-Burned-Out
Celsius Faces Legal Charges From State Regulators and SEC

Crypto lending firm Celsius halted withdrawals from its platform. The firm’s action provoked an investigation from security regulators and the SEC. Legal charges from individuals like Ben Armstrong were also added from the firm’s plate. Celsius was in deeper trouble after State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are set to investigate the crypto lending firm as per Reuters. The investigation was in response to the crypto lending firm’s decision to halt customer’s withdrawals, transfers, and swaps earlier this week.  The Texas State Securities Board Enforcement Director Joseph Rotunda told Reuters on Thursday that the officials

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Ripple Submits Crypto Regulation
Ripple Partners With Fluf World To Bring ‘Open Metaverse’ via the Root Network

Ripple and Fluf World announced partnership to launch ‘Open Metaverse’ via The Root Network. The Root Network will connect to the Global XRP community to grant access to NFTs over FLuf’s ecosystem. The Open Metaverse allows other projects to mint, buy, sell, or trade in-network tokens on The Root Network Ripple, the company behind XRP, has partnered with Fluf World to launch an ‘Open Metaverse’ via The Root Network. According to the Fluf world’s press release, the partnership claims to bring great possibilities to both of their communities by expanding the utility of XRP as its default gas token.  The

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What-happened-With-Celsius,-and-How-its-Crypto-Lending-Burned-Out
What happened With Celsius (CEL), and How its Crypto Lending Burned Out

Crypto lending firm Celsius opened a bundle of loans. The firm bought more than $500M worth of stETH but its value dropped due to extreme market conditions. The situation has caused the firm to halt withdrawals. Earlier this week, the crypto market was in turmoil after Celsius’ amassed $20 billion in assets at its peak had been dissolved, which led into a solvency crisis. Technically, Celsius is a do-it-all app that provides its customers seamless and trusted access to crypto services. The company is a custodial asset manager that allows users to access regulated loans and yield, for a transaction

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USDC-Issuer-Circle-to-Launch-Euro-Backed-Stablecoin-EUROC
USDC Issuer Circle to Launch Euro-Backed Stablecoin EUROC

Issuer of USDC, Circle, will launch a new stablecoin called Euro Coin (EUROC) EUROC will be officially launched on June 30th. Developers can now start integrating Euro coin’s smart contract today. Circle, the financial tech firm behind USDC, will be launching a new stablecoin called Euro Coin (EUROC). The new stablecoin was designed with a full-reverse model same as USDC to ensure the coin is redeemable 1:1 for euros. Even though traders have lost their trust to stablecoins due to the recent depegging of UST, the fintech still decided to launch the additional stablecoin backed by euro reserves. A euro-denominated

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Shibnobi’s Shinja BSC Now Listed
Shibnobi’s Shinja BSC Now Listed on ShibnobiSwap and PancakeSwap

Shibnobi announced the listing of Shinja BSC in ShibnobiSwap and PancakeSwap. ShibnobiSwap provides token swap services over multiple blockchain networks. The trading volume of Shinja has increased after the announcement. The community-driven token Shibnobi announced today in a tweet the launch of Shinja BSC on its multi-chain swap platform ShibnobiSwap and DeFi exchange PancakeSwap. Shibnobi (Shinja) is an innovative meme token that was launched in November last year. It offers a multi-chain token swap feature in order to reach more crypto enthusiasts.  The main purpose of the token is to make crypto uncomplicated so that every user could leverage its

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Cardano-preps-to-launch-Vasil-hard-fork,-$3-inevitable
Cardano Preps to Launch Vasil Hard Fork, Is $3 Inevitable?

Cardano preps to launch Vasil hard fork ADA may reach $3 Jack Dorsey to launch decentralized internet on Web5 One of the busiest crypto networks in the space, Cardano is preparing for the nearing launch of its Vasil hard fork. As per its developers, the building of the Vasil upgrade is going smooth. “Work is proceeding well and the teams’ operational focus remains on delivering the hard fork efficiently and seamlessly, they said.” Furthermore, the network developers also ensure that everything will go well in the launch. In detail, IOHK is working on the integration program to ensure that the

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LUNA-Crashes-as-Do-Kwon-Cashed-Out-$80M-in-April
LUNA Crashes as Do Kwon Cashed Out $80M in April

Reports said that Terraform Labs staff confessed to the SEC that Do Kwon cashed out $80 million in April. FatManTerra said it was not necessary Do Kwon who cashed out. LUNA 2.0 is in another free fall. The second iteration of LUNA appears to be in another free fall, as reports surfaced saying Do Kwon cashed out $80 million one month before the Terra 1.0 collapse in May. According to various sources, some Terraform Labs employees have confided to the US Securities and Exchange Commission (SEC). In detail, the employees said that Do Kwon took out over $80 million from

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Crypto-Exchange-Crypto.com-Added-Ellipsis-(EPX)-via-its-Platform
Crypto Exchange Crypto.com Added Ellipsis (EPX) via its Platform

Crypto.com announces the listing of Ellipsis (EPX) tokens via its app. EPX token is the native token used as a reward for Ellipsis Liquidity Providers. Ellipsis (EPX) price is at $0.00088 at the time of writing. Crypto.com, a Singapore-based cryptocurrency exchange, announced today in a tweet the listing of Ellipsis (EPX) via the app. The newly listed token will join Crypto.com’s increasing number of more than 250 supported cryptocurrencies and stablecoins, such as Bitcoin, Ethereum, Polkadot, Chainlink, USD Coin, and more. Ellipsis is an Automated Market Maker (AMM) or exchange on BNB Chain, which allows users and other decentralized protocols

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Cardano (ADA) Price Returns to $1. Will Support Hold?
Input Output Global Unveils 1,003 Projects Building on Cardano

Cardano Blockchain has 1,003 projects being developed under its platform by far. Input Output, EMURGO, and Cardano Foundation will be at Consensus 2022. These 3 organizations will hold a free meetup today ahead of the Consensus event. Cardano, a proof-of-stake blockchain platform, revealed how many projects are currently building on the Cardano space. The research and development company Input Output disclosed in a tweet that there are 1,003 projects as of today building in Cardano blockchain. Founded in 2015 by Ethereum co-founder Charles Hokinson, Cardano is one of the largest cryptocurrencies by market cap. It allows the development of a

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ADA-Continues-Its-Rise,-the-Cardano-Community-Rallies
ADA Continues Its Rise, the Cardano Community Rallies

The price of Cardano (ADA) continues to rise.  Presently, the price of ADA is over $0.63. The Cardano and crypto community are awaiting the arrival of the Vasil hard fork. The price of Cardano (ADA) has been moving up recently. Many are expecting the price to surpass $1 soon. More so, others expect a new ATH with the imminent arrival of the Vasil hard fork.  Presently, the price of ADA is $0.63, according to CoinGecko. This is a price that is up by 8.2% over the last 24 hours. The market continues to show green signals and bullish signs for

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Cardano CEO Pays Tribute, Shares Vasil Dabov’s Philosophy
Cardano CEO Pays Tribute, Shares Vasil Dabov’s Philosophy

Cardano’s CEO, Charles Hoskinson pays homage to Vasil Dabov.  He does so via a live video on Twitter where he talks about the philosophy of Cardano.  Vasil Dabov will forever be immortalised on Cardano and its philosophy. CEO of Cardano (ADA) — Charles Hoskinson, takes a moment to address the loss of a mentor in the Cardano community. Vasil Dabov was a believer of Cardano and the philosophy of the blockchain.  To highlight, Hoskinson says that he met Dabov during multiple Cardano events since its inception. As he got to know Vasil, he learnt of his philosophy and how he

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