Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
US Will Not Extradite Alexander Vinnik from France
Reading Time: < 1 minuteThe US authorities have recently withdrawn the request for the extradition of Russian citizen Alexander Vinnik from France.
Blockchain.com Lays Off 25% of Its Staff
Reading Time: < 1 minuteBlockchain.com has recently fired 150 employees or 25% of its workforce and cut the salaries of top managers.
The Police Raids Terraform Labs Co-founder House
Reading Time: < 1 minuteOfficials from the Seoul Southern District Prosecutor’s Office have raided the home of the Terraform Labs co-founder.
US Congressman Accuses Securities and Exchange Commission of Unethical Attitude to Crypto Industry
Reading Time: < 1 minuteAccording to member of the House of Representatives Tom Emmer, the US Securities and Exchange Commission (SEC) interferes with the regulation of the cryptocurrency industry.
Crypto Exchange Zipmex Freezes Withdrawals
Reading Time: < 1 minuteThe exchange has referred to the circumstances as “unstable market conditions and the resulting financial difficulties of key business partners.”
US Justice Department Seizes $500K from Ransomware Operators Linked to North Korea
Reading Time: < 1 minuteThe US Justice Department has confiscated about $500,000 that had been paid to ransomware operators linked to North Korea.
Babel Finance Hires the Legal Partner of Celsius and Voyager for Company’s Restructuring
Reading Time: < 1 minuteBabel Finance, one of the largest crypto lenders in Asia, has engaged law firm Kirkland & Ellis to advise on the restructuring.
Crypto Bank Silvergate Capital Net Profit Grows by 84%
Reading Time: < 1 minuteThe net profit of the digital asset-friendly bank Silvergate Capital in Q2 2022 amounted to $38.6 million.
Public Crypto Mining Companies Sold a Quarter of Their BTC Reserves in June
Reading Time: < 1 minutePublic crypto mining companies sold around 14,600 BTC in June.
Central Bank of Australia Talks About Advantage of Regulated Cryptos over CBDCs
Reading Time: < 1 minuteRBA Governor Philip Lowe has said that regulated and consumer-facing private tokens are better than national digital currencies (CBDCs).
US Senator Elizabeth Warren Calls for Tighter Regulation of Cryptos
Reading Time: < 1 minuteElizabeth Warren has said that the Congress and the SEC should take a tougher stance on the cryptocurrency industry.
5ire Attracts $100M to Build a Sustainable Blockchain
Reading Time: < 1 minute5ire has recently completed a $100 million Series A funding round led by the Sram & Mram conglomerate and has hit a $1.5 billion valuation.
Winklevoss Brothers and FTX CEO Make Donations to Support Kirsten Gillibrand’s Election Campaign
Reading Time: < 1 minuteNew York State Senator Kirsten Gillibrand received more than $150,000 in campaign contributions from the crypto industry in the second quarter of 2022.
ECB: The Success of the Digital Euro Depends on its Degree of Adoption
Reading Time: < 1 minuteThe digital euro project will be successful only if the instrument is actively used.
ATM Maker Hyosung Will Add Support for Bitcoin in US
Reading Time: < 1 minuteSouth Korean ATM maker Hyosung will allow users to Buy Bitcoin and Litecoin.
Price of Token of Bankrupt Company Voyager Digital Soars by 500%
Reading Time: < 1 minuteThe price of the utility token of the crypto broker Voyager Digital (VGX) has grown by more than 500% in recent days.
Vermont Regulator Says Celsius Network is Extremely Insolvent
Reading Time: < 1 minuteCrypto lending platform Celsius Network is “extremely insolvent” as it lacks liquidity to meet its obligations.
Tech Giant Samsung Launches a Virtual Space in the Roblox’s Metaverse
Reading Time: < 1 minuteSouth Korean tech giant Samsung Electronics has recently launched the Space Tycoon virtual playground in the Roblox metaverse.
Crypto Miners Halt Operations in US State of Texas
Reading Time: < 1 minuteCryptocurrency miners have recently shut down operations in Texas amid heatwave-driven peak electricity demand.
Animoca Brands Hits a $5.9B Valuation
Reading Time: < 1 minuteAnimoca Brands has just raised $75.32 million and has reached a valuation of $5.9 billion.
Multicoin Capital to Launch a $430 Million Cryptocurrency Venture Fund
Reading Time: < 1 minuteCrypto investment firm Multicoin Capital has recently announced it has created the a $430M venture fund.
Terra-based Projects Move to Polygon Network
Reading Time: < 1 minuteMore than 48 projects based on the recently-collapsed Terra ecosystem have started to migrate to Polygon.
ECB: Stablecoins Are an Unsuitable Means of Payment
Reading Time: < 1 minuteStablecoins are impractical as a payment method, and their current form is not suitable for use in the real economy.
DeFi Project Yam Finance Resists a $3.1M Hacker Attack
Reading Time: < 1 minuteThe team developers behind the DeFi protocol Yam Finance has recently repelled a hacker attack.
Landing Platform Celsius Changes its Lawyers to Advise on Company’s Restructuring
Reading Time: < 1 minuteThe landing platform has recently hired new lawyers to advise on possible restructuring options.
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