U.S. Trustee William K. Harrington filed paperwork with the court. Harrington criticized Celsius’s timing for releasing the money. Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought approval
October 1, 2022 2 mins read
President Benitez vetoed the bill, saying that mining is a waste of energy. Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas. Paraguayan legislators overrode the president’s veto this week on a key Bitcoin mining regulatory measure. On Wednesday, 33 senators voted against President Mario Abdo Benitez’s
October 1, 2022 2 mins read
USDC support rises from eight to thirteen blockchains due to this new initiative. It was announced at Converge22 conference in San Francisco by Circle CEO. Due to the delisting of USDC from Binance and WazirX, Circle is looking to increase its presence on other blockchains to preserve its position in
September 29, 2022 2 mins read
After receiving approval from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the world’s fastest-growing cryptocurrency platform, Crypto.com, announced today that it has been registered in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF). To acquire regulatory permission, Crypto.com underwent a comprehensive
September 28, 2022 2 mins read
Anonymous has pledged to deploy a team for more findings. Yuga Labs co-founder Greg Solano denied all claims. The most popular NFT project, Bored Apes Yacht Club powered by Yuga Labs, has been under scrutiny from the hacktivist group Anonymous for what the group claims is the use of racist,
September 28, 2022 2 mins read
The marketplace currently supports six other networks, including Ethereum. The platform offers creators a 10% cut of any sales made of their works. On Tuesday, NFT marketplace OpenSea made the announcement that it will now support projects based on Ethereum’s layer-2 scaling solution Optimism. Further, the marketplace currently supports six
September 28, 2022 1 min read
Pixelmon revealed a new leadership team and an altered plan. Co-founder of LiquidX, would lead Pixelmon as its chief executive officer. Pixelmon, a project that generated $70 million by selling NFTs that promised to give a Pokémon-esque experience and then exhibited ragged artwork that was universally ridiculed and spawned memes
September 27, 2022 2 mins read
The hack used the same flaw as the previous $160 million heist. With a vanity address, one may choose their own unique string of letters and numbers. An Ethereum “vanity address” valued around $950,000 was compromised; this address was created using a program called Profanity. The hack used the same
September 27, 2022 2 mins read
CEO Brian Armstrong insists the move to the public market has been very beneficial. Coinbase was able to secure $3 million of debt in a single week last year. Stock of cryptocurrency exchange Coinbase is down 84% from its all-time high of $381 on the company’s listing day in April
September 26, 2022 1 min read
It was announced today that the DFI token, issued by DeFiChain, would be listed on Gate.io, one of the world’s biggest cryptocurrency exchanges. DeFiChain is the premier blockchain on the Bitcoin network devoted to providing decentralized financial apps and services to everyone. DeFiChain has taken a huge step toward achieving
September 26, 2022 2 mins read