The goal of a new measure proposed in the New York State Senate is to allow the use of certain cryptocurrencies as a legitimate means of payment for state entities. To do so would mean accepting cryptocurrency as payment for a variety of state-issued fines, taxes, and other levies. Bitcoin,
January 28, 2023 1 min read
Aave’s integrations lead Marc Zeller said in a post on January 26 that the company has bought 2.7 million Curve (CRV) tokens, which will settle “excessive remaining bad debt” in a dozen transactions over the following 15 hours. The decision was made when Aave Improvement Protocol (AIP) 144 was approved
January 27, 2023 2 mins read
In a class action lawsuit filed, investors in crypto miner Argo Blockchain claimed the company misled them during the IPO by making false representations and withholding key facts. On January 26, a lawsuit was filed against Argo and many of its top executives and board members. It asserts the company
January 27, 2023 1 min read
Celsius said in court on Tuesday that it is considering issuing a new digital asset token as part of its strategy to restructure and emerge from bankruptcy as a future regulated cryptocurrency platform. At a video hearing, Celsius’s attorney Ross M. Kwasteniet argued that creditors would be better served by
January 25, 2023 1 min read
In a filing with the SEC made on Monday morning, Argo Blockchain reported that its stock, ARBK, has re-entered trading on Nasdaq. Moreover, Nasdaq originally informed Argo that trading would be suspended on December 16 due to the company’s shares not closing above $1 for 30 days in a row.
January 24, 2023 1 min read
A representative for Gemini, a cryptocurrency exchange, confirmed on Monday that the company will be laying off 10% of its workforce. Gemini, which was co-founded by the Winklevoss twins, is subject to New York banking regulations. And has had to make at least three rounds of layoffs in less than
January 24, 2023 1 min read
As reported by blockchain forensics company Chainalysis, ransomware payments have decreased by 40.58 percent. Chainalysis claims in a research published on Thursday that ransomware attackers stole at least $456.8 million in 2022, down from the $765.6 million they stole in 2021. Criminals that deploy ransomware demanding Bitcoin or other cryptocurrencies
January 22, 2023 1 min read
Elon Musk, who purchased Twitter last year, said on Saturday that the microblogging service will soon begin offering a new, higher-cost, Blue membership that would do away with adverts. Though this feature has not yet been released. Verified users get 50% less ads than non-verified individuals on Twitter Blue, which
January 22, 2023 1 min read
Global policymakers are becoming more concerned about the unpredictability of cryptocurrency markets. IMF officials Nobuyasu Sugimoto, deputy division chief of the division of financial supervision and regulation, and Bo Li, deputy managing director of the IMF, issued a warning on the potential impact of cryptocurrency market volatility on the global
January 21, 2023 2 mins read
In its initial five weeks of existence, Donald Trump’s NFT collection encapsulated much of the chaotic volatility of the NFT market. The collection was widely mocked, yet it eventually sold out. We are seeing a dramatic uptick in sales now. From Tuesday to Wednesday, daily sales of the official Trump
January 21, 2023 1 min read