Crypto Winter

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Draft US Bill Seeks To Ban Algorithmic Stablecoins For 2 Years

The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.

Celsius Files To Reopen Withdrawal For Eligible Users

The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.

XRP Network Sees Highest Whale Activity Since May

As the crypto market heads in a bearish direction, XRP sees a massive influx of whale transactions, with over $100K worth of funds transferred as Ripple tokens.

Bitcoin Declines By 15% As Crypto Market Nears Worst Weekly Close Since June

The crypto market seems to be taking another hit as Bitcoin and altcoins have had a bad week.

SBI Holdings Loses 40% Of Its Hash Rate, Canaan Doubles Mining Profits

SBI Holdings sees a 40% drop in its hash rate after it ceases crypto mining operations in Siberia, while Canaan sees an increase of 117% in its mining revenue despite China’s crypto ban and the overall decrease in mining profits.

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.

BlueBenx Suspends Withdrawals Following $32M Hack

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.