The Miami Heat, one of the NBA’s most successful franchises, has ended its affiliation with the FTX cryptocurrency exchange. The basketball powerhouse’s home arena, once known as FTX Arena, will hereafter be known as something else. The partnership between Miami-Dade County (where the NBA club is based) and FTX was
January 14, 2023 2 mins read
Reports from legal counsel indicate that FTX has recovered approximately $5 billion in cash and cryptocurrency. As a result, this finding has a substantial effect on the amount of assets that may be recovered from the company’s original bankruptcy filing in November of last year. The rumored $425 million being
January 12, 2023 2 mins read
Although substantial use of digital assets already existed in El Salvador. The country’s formal acceptance of a regulatory framework for all cryptocurrencies marks a significant step forward. The legislation was officially enacted today, according to the National Bitcoin Office of El Salvador (ONBTC). In light of its “first-mover advantage.” The
January 12, 2023 1 min read
It has been reported that the South Korean National Tax Service (NTS) has launched a special tax inquiry against Bithumb Korea and Bithumb Holdings. To check on the cryptocurrency platform’s compliance with local taxes regulations. Both Kang Jong-hyeon (who is widely believed to be the exchange’s true owner) and his
January 12, 2023 1 min read
The brother of a former Coinbase employee was found guilty of his part in an insider trading conspiracy involving cryptocurrencies. To one count of conspiracy to commit wire fraud, Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pled guilty in September. Wahi was handed a 10-month jail term
January 11, 2023 1 min read
Apple is said to be releasing its first foray into the metaverse. A high-end mixed-reality headset, to the public for the first time this spring after years of development. Soon after Apple’s spring product reveal, the rumored release date for the integrated AR/VR headset, along with new iPhones and other
January 10, 2023 2 mins read
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