News

Anchorage Digital, has laid off 20% of its employees

Anchorage Digital, has laid off 20% of its employees

Anchorage Digital's layoffs may be related to the present banking sector instability in the United States. Anchorage Digital, a cryptocurrency bank, announced the layoff of 75 people, or around 20% of its personnel, citing regulatory uncertainty in the United States...

Coinbase, Celsius, and Paxos disclose money in Signature Bank

Coinbase, Celsius, and Paxos disclose money in Signature Bank

Numerous cryptocurrency businesses relied on the crypto-friendly Signature Bank, some of which have voluntarily disclosed their exposure to the recently shut-down company. Some cryptocurrency companies with funds allegedly linked to the now-defunct Signature Bank...

Ether and stablecoins are “going to be commodities,”

Ether and stablecoins are “going to be commodities,”

The CFTC chief has triple-downed his opinion that Ether and stablecoins are commodities in the tug-of-war between the US regulators over control of crypto assets. At a recent Senate hearing, the head of the US Commodities Futures Trading Commission (CFTC) reiterated...

The First Bitcoin NFT auction by Yuga Labs generates $16.5M

The First Bitcoin NFT auction by Yuga Labs generates $16.5M

The highest bidder purchased one of the 288 Bitcoin Ordinals-based NFTs, who offered slightly over 7 BTC. The first-ever Yuga Labs Bitcoin Ordinal NFT collection's auction has finished, bringing in $16.5 million for the company in just one day. One of the Bitcoin NFTs...

After rumors, Lido’s LDO Token fell 10%.

After rumors, Lido’s LDO Token fell 10%.

Lido's LDO token fell 10% on Saturday due to a rumor that the U.S.A Wells Notice was delivered by the Securities and Exchange Commission (SEC) to the biggest Ethereum staking service. Regarding whether the protocol had been notified, a Lido spokesperson opted not to...

The Australian central bank will begin a “live trial” of CBDC.

The Australian central bank will begin a “live trial” of CBDC.

The CBDC's use cases varied from offline payments to "trusted Web3 commerce," and financial industry members were asked to participate in a live experiment. According to a joint statement from the Reserve Bank of Australia and the Digital Finance Cooperation...

Coinbase starts a campaign to support crypto legislation

Coinbase starts a campaign to support crypto legislation

Voters may join through a URL supplied by the firm to get information about local lawmakers' cryptocurrency policy. According to a corporate Twitter thread dated February 28, Coinbase has started a grassroots political effort to support crypto legislation. For...

Colombia’s judicial system conducts metaverse experiments.

Colombia’s judicial system conducts metaverse experiments.

Colombia has just hosted a trial in the Metaverse, putting it at the forefront of novel ways to conduct judicial procedures. A Colombian court recently staged its first judicial trial in the Meta-verse, with the court magistrate remarking it seemed "more genuine than...

New York State Has Filed a Lawsuit Against CoinEx

New York State Has Filed a Lawsuit Against CoinEx

The Attorney General of New York is seeking a court order to remove the exchange from the state and to restrict any internet addresses originating in New York. New York Attorney General Letitia James has filed a lawsuit against cryptocurrency exchange CoinEx. Alleging...

Mastercard will accept crypto payments in Web3 via Immersve

Mastercard will accept crypto payments in Web3 via Immersve

The Mastercard Immersve collaboration employs decentralized protocols to settle real-time bitcoin transactions on websites that accept Mastercard payments. Users can make crypto payments across digital, physical, and metaverse worlds thanks to a collaboration between...

San Francisco Federal Bank is interested in developing a CBDC system

San Francisco Federal Bank is interested in developing a CBDC system

Within 24 hours of the job ad, 45 people expressed interest in working for the federal government to establish an in-house CBDC. The Federal Reserve Bank of San Francisco is searching for a software engineer to assist in developing and implementing central bank...

YouTube names a Web3-friendly executive as its new CEO

YouTube names a Web3-friendly executive as its new CEO

YouTube's new CEO, Neal Mohan, stated that NFTs might be a valuable tool for the platform's content providers in developing new revenue streams. With the retirement of Susan Wojcicki this week, Google-owned YouTube has hired Web3-friendly executive Neal Mohan as its...

Top French museum will exhibit NFTs

Top French museum will exhibit NFTs

France's best modern art museum will display NFTs from Autoglyphs and CryptoPunks collections. Read about the exhibition of nonfungible tokens at France's premier contemporary art institution in this week's NFT news collection. (Click) Find out why RR/BAYC, the...

Following the Paxos crackdown, Binance withdrawals

Following the Paxos crackdown, Binance withdrawals

Despite $788 million in net withdrawals at the cryptocurrency exchange over the past 24 hours, Binance withdrawals, and "Funds are SAFU." Binance, a cryptocurrency exchange, has experienced a spike in withdrawals over the past 24 hours due to reports that Paxos and...

Shopify introduces a set of tools for blockchain commerce for stores

Shopify introduces a set of tools for blockchain commerce for stores

Shopify: The "tokengating" tools now allow NFT merchants to specify which token holders can and cannot access restricted goods, NFT drops, and rewards. Crypto-friendly e-commerce giant Shopify has released a set of blockchain commerce tools to improve the user...

Stablecoin settlements are the focus of Visa’s crypto strategy

Stablecoin settlements are the focus of Visa’s crypto strategy

Cuy Sheffield presented Visa's crypto strategy for digital assets at StarkWare Sessions 2023. According to a presentation by the president of the business's cryptocurrency division at StarkWare Sessions 2023, payment company Visa is attempting to develop "muscle...

US Air Force STRATFI awarded SIMBA Chain $30 million

US Air Force STRATFI awarded SIMBA Chain $30 million

According to SIMBA Chain, the funding would be utilized to build blockchain applications for usage by various government agencies. The United States Air Force has chosen SIMBA Chain, a blockchain solutions vendor, for a $30 million Strategic Technology Focus...

Binance will introduce its second prepaid crypto card in Latin America

Binance will introduce its second prepaid crypto card in Latin America

Brazilians can use the Binance Card to make cryptocurrency purchases, with the real-time conversion from 14 crypto assets to fiat at the point of sale. Mastercard has partnered with the world's largest cryptocurrency exchange to introduce another prepaid crypto card...

South Korea will implement a crypto-tracking system in 2023

South Korea will implement a crypto-tracking system in 2023

The "Virtual Currency Tracking System" will be used to track transaction history, extract transaction details, and verify the source of money before and after the transfer. South Korea revealed intentions to implement a crypto-tracking system to combat money...

Stablecoins and CBDCs may play a “significant role” in Visa

Stablecoins and CBDCs may play a “significant role” in Visa

Visa started working on a blockchain interoperability project in September 2021 to encourage CBDC and stablecoin adoption, but there have been few developments. Visa's CEO is hopeful that blockchain-powered solutions can be incorporated into its services and...

Genesis expects to resolve creditor issues and exits bankruptcy in May

Genesis expects to resolve creditor issues and exits bankruptcy in May

A Genesis lawyer believes the company will be able to resolve creditor disagreements before the end of the week and that it will be able to leave bankruptcy procedures in four months. A lawyer for the insolvent crypto lending firm Genesis is confident that the company...

Red Date Technology seeks to be the ‘SWIFT’ of stablecoins

Red Date Technology seeks to be the ‘SWIFT’ of stablecoins

Red Date Technology, a business with experience constructing China's national blockchain initiative has established a SWIFT-style system for bank-issued and controlled digital currency. A Hong Kong-based blockchain firm has built a digital payments system to bridge...

Genesis, a crypto lender, has filed for Chapter 11 bankruptcy.

Genesis, a crypto lender, has filed for Chapter 11 bankruptcy.

Following the collapse of FTX, cryptocurrency lender Genesis Global has become the latest company to file for Chapter 11 bankruptcy protection in New York. Genesis, a cryptocurrency lender, has declared Chapter 11 bankruptcy in the Southern District of New York....

Shiba Eternity: Developers Are Now Open to Community Ideas

Shiba Eternity: Developers Are Now Open to Community Ideas

Shiba Eternity is one of the Shiba Inu team's most notable releases. The game reached milestones within a few days of its first release. According to previous reports, the game debuted on the top 20 games list of the Apple Store on the first day it was available....

Malware by Google Ads drains an NFT influencer’s whole crypto wallet

Malware by Google Ads drains an NFT influencer’s whole crypto wallet

Malware provided by Google Ads drains an NFT influencer's whole cryptocurrency wallet. A Google Ads link housed malware that stole thousands of dollars in crypto and NFTs from an influencer's wallet. An NFT influencer says they lost "a life-changing sum" of their net...

Solana releases a security alert over a Mailchimp security concern

Solana releases a security alert over a Mailchimp security concern

An unauthorized actor accessed and exported specific user data from the Solana Foundation's Mailchimp instance, according to an email addressed to users. The Solana Network's non-profit organization, the Solana Foundation, announced a security breach affecting its...

Argentina legislates for citizens to disclose their crypto holdings

Argentina legislates for citizens to disclose their crypto holdings

Argentina may soon be compelled to reveal its crypto holdings by tax incentives as the government plans to combat money laundering with a new bill. Argentina's Ministry of Economy, the country's economic policy manager, has drafted legislation to encourage Argentines...

Russia is to begin work on the CBDC settlement strategy.

Russia is to begin work on the CBDC settlement strategy.

The country's central bank will begin investigating two possible cross-border CBDC settlement standards this quarter. Amid continuous sanctions imposed in retaliation for Russia's invasion of Ukraine, Russia is ready to start creating a cross-border settlement system...

Ferrari severed relations with their crypto sponsor

Ferrari severed relations with their crypto sponsor

The Ferrari-Velas agreement, which was slated to start in 2021 and cost $30 million annually, intended to boost fan involvement through nonfungible tokens (NFTs) and other joint projects. The racing unit of premium automaker Ferrari, Scuderia Ferrari, has joined the...

LG Electronics to make TVs compatible with metaverse systems.

LG Electronics to make TVs compatible with metaverse systems.

The collaboration aims to bring the metaverse right into viewers' living homes. To obtain the metaverse into viewers' living rooms, South Korean electronics giant LG Electronics announced partnerships with cloud-based technology platforms Oorbit and Pixelynx, a...

Magic Eden becomes porno following a hosting service hack

Magic Eden becomes porno following a hosting service hack

The NFT market, Magic Eden claimed that its third-party image hosting provider was to blame for the problem and reassured consumers that their NFTs are secure. After a wave of pornographic photos flooded its site on January 3, the nonfungible token (NFT) exchange...

Binance will re-enter South Korea by purchasing Gopax.

Binance will re-enter South Korea by purchasing Gopax.

One of the busiest Korean exchanges, Gopax, is close to being acquired by the largest cryptocurrency trading platform in the world. If the acquisition is completed, it will signal Binance's entry into the South Korean market. The well-known blockchain writer Colin Wu...

Italy has approved a 26% cryptocurrency capital gains tax.

Italy has approved a 26% cryptocurrency capital gains tax.

The Italian Senate adopted the increased tax rate for cryptocurrency trade as part of the budget legislation for 2023. Before the end of the year, on Dec 29, 2022, the Italian Senate backed the budget for 2023, which included an increase in taxation for cryptocurrency...

Central bank of Turkey has completed its first CBDC test

Central bank of Turkey has completed its first CBDC test

Following the completion of its first payment transactions using a central bank digital currency, the Turkish central bank is planning additional tests for 2023. The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank...

Argo Blockchain has sold its top mining site to Galaxy Digital

Argo Blockchain has sold its top mining site to Galaxy Digital

By selling its flagship Helios mining operation and obtaining a $35 million loan from Galaxy, Argo Blockchain cuts its overall debt by $41 million. Argo Blockchain, a cryptocurrency mining startup, has made the painful choice to sell its flagship mining facility...

In 2023, MicroStrategy will provide Bitcoin Lightning solutions.

In 2023, MicroStrategy will provide Bitcoin Lightning solutions.

MicroStrategy's Lightning Network products include Satoshi-powered marketing incentives and website security. Michael Saylor, executive chairman of MicroStrategy, has revealed his company's ambitions to deploy Bitcoin Lightning Network-powered software and solutions...

In 2022, public Bitcoin miners sold practically everything they mined

In 2022, public Bitcoin miners sold practically everything they mined

Publicly traded Bitcoin miners sold virtually everything they mined in 2022, but appear to have resumed reserves accumulation. Throughout 2022, publicly traded Bitcoin miners sold virtually all of the Bitcoin they mined, sparking a discussion over whether the sales...

NFTs are being stolen by North Korean hackers

NFTs are being stolen by North Korean hackers

The hackers constructed fake websites that looked like NFT projects, NFT markets, and even a DeFi platform. Nearly 500 phishing sites are being used by hackers connected to North Korea's Lazarus Group in a large phishing effort that targets investors in nonfungible...

In the Ripple case, the SEC aims to keep the Hinman documents secret

In the Ripple case, the SEC aims to keep the Hinman documents secret

In the Ripple Labs case, SEC had requested to seal some papers has drawn criticism from the public. The controversial Hinman Speech materials have been asked to be sealed by the United States Securities and Exchange Commission (SEC), which claims they have no bearing...

BC Hydro halts the electrical infrastructure for crypto mining

BC Hydro halts the electrical infrastructure for crypto mining

BC Hydro will put a hold on requests for energy connections from crypto mining businesses for 18 months in order to protect the province's clean electrical supply and promote its economic and climate action goals. The short-term ban will protect British Columbia's...

Twitter updates its search feature with BTC and ETH market prices

Twitter updates its search feature with BTC and ETH market prices

Similar searches for Ethereum also return a price chart when using the hashtags "$Bitcoin," "Bitcoin price," and "BTC price" on Twitter. Twitter, a social networking site, has introduced a new cryptocurrency tool that enables users to look up the price of Bitcoin...

As USDN depegs, the creator of Waves unveils a new stablecoin

As USDN depegs, the creator of Waves unveils a new stablecoin

Waves CEO and founder Sasha Ivanov announced that his new stablecoin will be "undepeggable" days after USDN lost its peg with the US dollar. In light of the continued problems with the Waves-backed stablecoin, Neutrino USD, creator, and CEO of Waves Sasha Ivanov plans...

Nigeria is planning to approve a law recognizing cryptocurrencies.

Nigeria is planning to approve a law recognizing cryptocurrencies.

A little over a year after its inception in October 2021, Nigeria's eNaira has only been adopted by 0.5% of the country's population. Legislation recognizing the use of Bitcoin and other cryptocurrencies as a way to stay up with "global standards" will allegedly soon...

Central bank will establish guidelines for banks’ crypto exposure.

Central bank will establish guidelines for banks’ crypto exposure.

The new norm, which takes effect on January 1, 2025, restricts banks' crypto reserves to 2% by that year. The Bank for International Settlements' Group of Central Bank Governors and Heads of Supervision (GHOS) has approved a worldwide standard for banks' exposure to...

FSB will establish guidelines for cryptocurrency regulation.

FSB will establish guidelines for cryptocurrency regulation.

Dietrich Domanski, the FSB departing secretary general, stated that recent incidents have emphasized the need to "address threats" in the sector. The FTX crash prompted a worldwide financial body to issue suggestions to regulate the cryptocurrency market in early...

Bybit catches up, releasing Merkle Tree-verified proof of reserves.

Bybit catches up, releasing Merkle Tree-verified proof of reserves.

Shortly after the FTX debacle began, Bybit the Dubai-based exchange published its reserve wallet addresses, and it has now developed a verification method for consumers to follow its holdings. Bybit, a cryptocurrency exchange, has joined the chorus of exchanges...

Dogecoin rises as Elon Musk reveals Twitter 2.0 plans.

Dogecoin rises as Elon Musk reveals Twitter 2.0 plans.

Investors in Dogecoin are optimistic that Musk's concept for Twitter 2.0 will include some type of DOGE integration. Elon Musk, the billionaire entrepreneur, has revealed his intention to integrate payments into what he calls Twitter 2.0 — "The Everything App,"...

Alameda Research withdrew $204 million before declaring bankruptcy

Alameda Research withdrew $204 million before declaring bankruptcy

According to Arkham Intelligence's study, more than half of the assets moved after November 6 were in USD-pegged stablecoins. According to an investigation released on Nov. 25 by blockchain firm Arkham Intelligence, Alameda Research took more than $200 million from...

Rumors concerning the popular Metamask wallet

Rumors concerning the popular Metamask wallet

Following the modification of Metamask non-custodial wallet creator ConsenSys' guidelines, which specified in part that blockchain service provider Infura maintains its customers' IPs as well as users' Ethereum wallet addresses, a wave of criticism erupted. I think we...

Binance proof-of-reserves is useless without liabilities

Binance proof-of-reserves is useless without liabilities

A full proof-of-reserve audit, according to Powell, must comprise the total of client liabilities, user-verifiable cryptographic confirmation that each account was included in the amount, and signatures demonstrating the custodian's authority over the wallets. The...

To avoid bankruptcy, Genesis hires a restructuring consultant.

To avoid bankruptcy, Genesis hires a restructuring consultant.

Moelis & Company is said to have been hired to assist the ailing lending business in exploring all possibilities. Genesis Global Capital, a cryptocurrency lending business, has apparently recruited a restructuring counsel to investigate all conceivable...

Binance Makes Strategic Investment into NGRAVE Hardware Wallet

Binance Makes Strategic Investment into NGRAVE Hardware Wallet

Colin Wu, a Chinese crypto journalist, and blogger has revealed that Binance has taken a new move in its expansion into the cryptocurrency industry. It picked a product whose popularity and demand skyrocketed as a result of the FTX crash. Binance invests in wallet...

The scientific community is feeling the aftershocks of FTX’s demise.

The scientific community is feeling the aftershocks of FTX’s demise.

Because Sam Bankman-Fried is involved in so many charitable endeavors, the impact of FTX might result in a variety of gifts and investments being clawed back or not fulfilled. The collapse of the crypto exchange FTX appears to have already had an impact on hundreds of...

The demise of FTX was a defining moment in citizen journalism

The demise of FTX was a defining moment in citizen journalism

During the demise of FTX, Coinbase CEO Brian Armstrong praised the work of crypto experts and citizen journalists. Coinbase CEO and co-founder Brian Armstrong praised citizen journalists and blockchain analysts for their work on the FTX crisis and its former CEO Sam...

Volume 104: Weekly Report on Digital Asset and bitcoin Fund Flows

Volume 104: Weekly Report on Digital Asset and bitcoin Fund Flows

Apathy persists, with inflows of US$6.1 million, while Bitcoin trade volumes more than quadrupled. Minor inflows of US$6.1m were recorded in digital asset investment products, extending investor indifference that has already lasted 7 weeks. Bitcoin witnessed inflows...

Binance Agrees to Purchase FTX; FTT Price Increases

Binance Agrees to Purchase FTX; FTT Price Increases

Binance, a cryptocurrency exchange, has signed a non-binding letter of intent (LOI) to fully purchase the FTX exchange. According to Binance CEO Changpeng Zhao, this will assist to alleviate FTX's "liquidity bottleneck." According to FTX CEO Sam Bankman-Fried, things...

Google to Become Solana Validator, SOL Increases 15%

Google to Become Solana Validator, SOL Increases 15%

The cloud service company claimed in a tweet on November 3 that it will be operating a block-producing Solana validator, allowing it to participate in and validate the blockchain network. Now that we got your attention... check this out: Google Cloud is running a...

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