Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Elliptic Finds Connection with Russia of Laundering of Assets Stolen from FTX
Reading Time: < 1 minuteElliptic experts have concluded that a Russian-linked broker or intermediary was likely involved in laundering some of the funds stolen from FTX in November 2022.
UK Says Huobi and KuCoin Violates Sanctions Regime Against Russia
Reading Time: < 1 minuteThe Bank of England has admitted that platforms like Huobi and KuCoin have continued to facilitate Russian banks’ circumvention of financial sanctions.
Bitcoin Could Fall to $17,000: Opinion
Reading Time: < 1 minuteAccording to DataDash CEO Nicholas Merten, Bitcoin could experience a sharp decline if the US economy enters a recession.
Bitcoin’s Market Share is Near a 2-year High
Reading Time: < 1 minuteAccording to TradingView data, the dominance index of BTC has reached 51.1%, a level approaching that of April 2021.
France’s Central Bank Deputy Governor: CBDCs Will Become Alternative to Stablecoins
Reading Time: < 1 minuteAccording to Denis Beau, the deputy head of the Bank of France, national digital currencies (CBDC) are seen as a strong alternative to stablecoins.
Tezos Jumps 6.3% Driven by Rising Trading Volumes in Korea
Reading Time: < 1 minuteIn the midst of a stagnant crypto market, Tezos quotes rose by 6.3% in just one day. The token is currently trading at around $0.69, with the rate reaching as high as $0.74.
Consultant Protected Assets During FTX Hack With Personal Hardware Wallet
Reading Time: < 1 minuteKumanan Ramanathan, a consultant during the FTX hack, utilized his personal Ledger Nano hardware wallet to safeguard vulnerable assets, as reported by Wired.
Charles Munger: Most Cryptos Will Collapse
Reading Time: < 1 minuteBerkshire Hathaway’s Vice President, Charles Munger, has recently joined a long list of elderly billionaires criticizing Bitcoin.
OpenSea Finds No Evidence of Former Employee’s Involvement in Scam
Reading Time: < 1 minuteOpenSea, a platform for NFTs, has announced that it has found no evidence of a former employee’s involvement in the 2021 rug pull scheme carried out by AnubisDAO.
Iris Energy to Spend Almost $20M to Expand Miners Fleet
Reading Time: < 1 minuteAustralian mining company Iris Energy has announced a 25% increase in its Bitcoin mining capacity, from 5.6 EH/s to 7 EH/s, after acquiring new miners from Bitmain.
50% of Bitcoins Have Not Moved for More than 5 Years
Reading Time: < 1 minuteAccording to Glassnode, approximately 10.4 million Bitcoins have remained stagnant for over five years.
Bitmain Could Be Experiencing Financial Problems
Reading Time: < 1 minuteJournalist Colin Wu has reported that Bitmain, the largest manufacturer of mining equipment, did not fully pay salaries to its employees in September.
The BIS Launches Global Crypto Monitoring System
Reading Time: < 1 minuteA proof of concept for a dynamic display system for digital asset circulation was presented by the Bank for International Settlements (BIS).
Argentina’s Central Bank: The CBDC Will Protect Domestic Economy
Reading Time: < 1 minuteAccording to the Central Bank of Argentina, the introduction of a digital currency (CBDC) into the domestic market has the potential to stabilize the nation’s economy.
Report: Interest in Ethereum-ETF Futures Not as High as Expected
Reading Time: < 1 minuteAccording to analysts from K33 Research, the trading volume of Ethereum futures ETF after its listing was only 0.2% of similar Bitcoin-based instruments in 2021.
Judge Rejects SEC’s Appeal in Ripple Case
Reading Time: < 1 minuteJudge Analisa Torres of the District Court has denied the SEC’s request for an interlocutory appeal in the case against Ripple, where XRP was only partially recognized as a security.
Portugal Gives Support to EU Legislation on Crypto Regulation
Reading Time: < 1 minutePortugal is in support of this regulatory framework, but believes that oversight of cryptocurrency transactions should also happen on a global scale.
Court Gives Bitcoin Pyramid AirBit Club Employees Prison Sentences
Reading Time: < 1 minuteEmployees of the international cryptocurrency pyramid, AirBit Club, were sentenced to prison by the Southern District of New York court.
Spanish Law Enforcement Agency Confirms John McAfee Committed Suicide in Prison
Reading Time: < 1 minuteA Spanish court has officially attributed suicide as the cause of death for cryptocurrency entrepreneur John McAfee.
Chainalysis to Lay Off Up to 150 Employees Due to Financial Difficulties
Reading Time: < 1 minuteFacing financial difficulties, Chainalysis, a firm specializing in blockchain analysis, has been forced to reevaluate its approach to personnel policies.
LayerZero Teams Up with Conflux to Expand into China
Reading Time: < 1 minuteThe LayerZero Omnichain protocol has formed a partnership with Conflux to utilize the blockchain-based SIM cards (BSIM) developed by the startup and China Telecom.
Solana’s TVL Hits Yearly High
Reading Time: < 1 minuteThe total locked value (TVL) on the Solana blockchain yesterday surpassed $339 million, marking the highest amount since November 2022.
Coinbase Obtains License from Singaporean Authorities
Reading Time: < 1 minuteCoinbase has obtained a license from the Singaporean authorities, allowing the exchange to serve local Bitcoin traders.
Shutdown Fears Stimulate Investments in Crypto Funds: Report
Reading Time: < 1 minuteFrom September 23 to September 29, there was an increase in investments in cryptocurrency products due to concern about a potential US government shutdown.
Circle Says Stablecoins Aren’t Securities
Reading Time: < 1 minuteAccording to Circle’s general counsel and former CFTC head Heath Tarbert, buyers of stablecoins are not looking for profit, making it clear that these assets are not considered investment contracts.
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