Crypto Champion

Crypto Champion

Cryptocurrency-related contents that explains the status, need, or redundancy of new and old cryptocurrencies.


Coinbase and Circle on USDC

23 Aug 2023 1 minute read 0 comments Yugocean

     CEOs of Coinbase and Circle, Jeremy Allaire and Brian Armstrong, have agreed to keep working together commercially while handing Circle full control over USDC. USDC Governing       USD Coin (USDC) is a US dollar-backed multi-blockchain stablec...

Bitget Exchange makes KYC mandatory

22 Aug 2023 1 minute read 3 comments Yugocean

      Privacy is a concept associated with the existence of crypto, but Bitget has also made KYC mandatory, destroying the privacy of users. All about KYC in Bitget      Bitget has made the first level of KYC (document and facial identity) mandator...

SEC upset as Coinbase registered with CFTC as FCM firm

21 Aug 2023 1 minute read 0 comments Yugocean

     Coinbase has thrown out a bizarre challenge to the SEC by registering with the CFTC as an FCM (Futures Commission Merchant). FCM Coinbase      Registering with the commodities regulator CFTC, Coinbase has become the first crypto firm to receiv...

Power cut of the US bitcoin mining industry

20 Aug 2023 1 minute read 3 comments Yugocean

The machines used in bitcoin mining run on electricity, the very electricity is currently halting mining in the US, and mining industry is moving out. EXPENSIVE ELECTRICITY Electricity is comparatively expensive in the US. The cost of electricity co...

Bitcoin Crash and Market Bloodbath on unconfirmed WSJ news

19 Aug 2023 1 minute read 4 comments Yugocean

     The WSJ published unconfirmed news that Elon Musk's company, SpaceX, has sold all its bitcoins. As soon as this news went viral, the bears attacked the crypto market. BEAR ON BITCOIN      Bitcoin was trading up and down for a few months at a s...

Binance launches opBNB Mainnet

18 Aug 2023 1 minute read 3 comments Yugocean

     Binance launched the BNB smart chain for crypto developers. opBNB is an attempt to solve its layer 2 challenges, and from today it is live. EVM-Compatible Solution      opBNB acts as an EVM execution engine through which decentralised applicat...

El Salvador Bonds Climb the Global Market

17 Aug 2023 1 minute read 3 comments Yugocean

     El Salvador's USD bonds have gained 70% this year, making them the best performers in emerging markets. Due to this, the bitcoin economy is shining in the economic world. Business Interest in BTC Increased      Economic gains in El Salvador ha...

Crypto Custodian Prime Trust files for bankruptcy

16 Aug 2023 1 minute read 3 comments Yugocean

     US-based crypto custodian Prime Trust has sparked new controversy by applying for Chapter 11 bankruptcy protection in Delaware. Company Problem      The problem with Prime Trust is serious. The company owes an estimated $500 million to more th...

Coinbase launches in Canada

15 Aug 2023 1 minute read 0 comments Yugocean

     The US's largest crypto company, Coinbase, has today officially launched in the world's second-largest country, Canada. The Canadian market is ready for Coinbase      Sometime back, the world's largest exchange, Binance, left Canada; since the...

BASE Network becomes center of attraction for NFTs

14 Aug 2023 1 minute read 5 comments Yugocean

     Layer-2 network "Base", developed by crypto giant Coinbase, becomes the focus of firms during its first event, "Onchain Summer," to launch NFT. Online companies in BASE      Digital giants are issuing their non-fungible tokens (NFTs) on Base....