The US-based cryptocurrency exchange Bittrex has declared for bankruptcy, just weeks after the Securities and Exchange Commission (SEC) announced it was suing the exchange. As one of the main crypto exchanges in the United States, its assets and liabilities are believed to be between $500 million and $1 billion, and it is believed to have more than 100,000 creditors. The SEC had filed a lawsuit against the US division for neglecting to register as a securities exchange.
Read MoreThe US consumer price index report on Wednesday will be crucial for evaluating the Fed's work on inflation.
Read MoreAmericans gained more employment than anticipated in April, but the dollar's appreciation was brief.
Read MoreThe U.S. dollar has been under increasing pressure on multiple fronts, both domestically and internationally.
Read MoreMicroStrategy has posted a profit for the first time in nine months, aided by the BTC rally seen thus far in 2023. 'Bitcoin Maxi' MicroStrategy has been accumulating the world's largest cryptocurrency since August 2020, when MicroStrategy's founder, Michael Saylor, made Bitcoin central to the company's future outlook. BTC has experienced an impressive 73% increase since the beginning of the year, and the company reported a net profit of $461m for the first quarter.
Read MoreThe Federal Reserve is anticipated to increase interest rates by 25 basis points. What will occur with the EUR/USD pair?
Read MoreIn the past week, CAKE, the native token of BNB Chain's primary decentralised exchange PancakeSwap, has dropped by 20%. The reason? A significant modification to how protocol users receive rewards for staking their tokens. A proposal that reduces CAKE's inflation rate to approximately 4% from its previous rate of over 20% has been approved. This means that token stakers will receive significantly diminished rewards.
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