#cryptocurrency

The billionaire has once again faced criticism from the cryptocurrency community due to the suspension of the X-account of an active Ripple supporter.

Over the past seven months, Binance's market share in the cryptocurrency spot market has dwindled from 55.2% to 34.3%, and in the derivatives market, it has dropped to 51.5%.

The Canadian Securities Administrators (CSA) have released preliminary rules for cryptocurrency platforms that allow the use of stablecoins under certain conditions.

According to the Federal Reserve's investigation, Silvergate Bank faced significant challenges due to its exposure to high-risk cryptocurrency deposits and ineffective upper-level management. A significant portion of the bank's deposits were sourced from crypto companies, which lacked traditional insurance and failed to generate substantial interest income.

A few months after Multichain lost approximately $125 million in assets and ceased to exist, the remaining team members have announced the launch of a new project. It was named ValueRouter, and its functionality entirely mirrors the previous application, as if nothing had changed. This provoked skepticism and dissatisfaction within the cryptocurrency community. ZachXBT, a famous blockchain detective, advised the team to take care of the lacking $125 million before taking on another questionable project.