Since LUNC burn rates decreased in December, the Terra Classic community has set its sights on boosting those rates. The LUNC burn rates have also been influenced by the decision of the cryptocurrency exchange Binance to temporarily pause its LUNC burn mechanism until March and to decrease the burn amount
January 10, 2023 1 min read
According to statistics from Shibburn.com, the SHIB burn rate has increased by 1395.89% in the previous 24 hours. In a tweet published today, Shibburn reported that the Shiba Inu community as a whole had transferred 37.4 million SHIB to the burn wallet in the preceding 24 hours, explaining the surge
January 9, 2023 1 min read
Just days after two former workers purportedly warned at the prospect of closure. Crypto payment firm Wyre amended its withdrawal policy to prevent customers from cashing out up to 90% of their funds. In “the best interest of our community,” Wyre limited withdrawals on the platform on January 7. To
January 9, 2023 1 min read
Prosecutors in the United States are investigating Binance’s ties to American hedge funds. As part of a long-running probe into the exchange’s alleged breaches of money-laundering laws. Recent reports indicate that the U.S. Attorney’s Office for the Western District of Washington has issued subpoenas requiring investment firms to disclose their
January 8, 2023 2 mins read
Moody’s downgrade and Ark Invest selling off of Silvergate Bank’s shares indicate deteriorating conditions at the financial institution. There was a run on the bank and it has been linked to the FTX crash. Ark Invest, Cathie Wood’s investment vehicle, reportedly sold more than 400,000 shares of parent firm Silvergate
January 7, 2023 1 min read
The National Cyber Crime Unit (NCCU) Crypto Cell is a new unit of the UK’s National Crime Agency (NCA) tasked with proactively investigating cryptocurrency-related crime. The NCA has announced that the inaugural squad would consist of five officers working out of the NCCU. While the NCA’s interest in combating crypto
January 5, 2023 1 min read
Amid growing economic uncertainty, Amazon froze new hires at the start of Q4 2022. Following that, rumors spread that the tech behemoth planned to lay off more than 10,000 workers. Employees in the devices division, human resources, and retail were disproportionately affected. A recent article in The WSJ cited unnamed
January 5, 2023 2 mins read
After the commodities agency hands over cryptocurrency assets to the Financial Services Authority (FSA) in 2023, Indonesia plans to launch a cryptocurrency exchange. Bappebti, the Commodity Futures Trading Regulatory Agency, monitors the cryptocurrency and commodity contract exchanges in Indonesia. Didid Noordiatmoko, the interim chairman of Bappebti, has said that the
January 4, 2023 1 min read
The Iranian government’s OCSSOP is giving back some of the mining hardware it confiscated during raids on underground cryptocurrency operations. According to the Financial Tribune, the Iranian courts issued the ruling. The country’s Ministry of Economic Affairs and Finance cited the organization’s chairman, Abdolmajid Eshtehadi as saying: “Currently, some 150,000
January 4, 2023 1 min read
Total value locked (TVL) for Lido Finance, one of several decentralized finance (DeFi) protocols, has risen to the top since the Ethereum merging in September. DeFiLlama reports that as of right now, Lido’s liquid staking protocol has a total market cap of $5.96 billion in TVL, which is more than
January 2, 2023 2 mins read
