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Vauld has raised around $27M from investors to expand its platform. The company hired Kroll Pte Limited as a financial advisor. Vauld intends to apply a moratorium in the Singapore courts. Today, Singapore-based cryptocurrency lending and exchange venture Vauld has halted all withdrawals, trading, and deposits on its platform As
Crypto Mining to commence effectively in Russia. Mining to be soon legalized, with the bill already passed. All mined crypto to be sold outside Russia. The Central Bank of Russia (CBR) announces officially that crypto and crypto mining will be legalized back in Russia, provided all the cryptos mined in
The FSR 2022 records various statements highlighting the risks in the crypto market. 1% tax on crypto transactions reduced the volume of trading to 50% quantity. By June end, the Reserve Bank of India (RBI) released its annual financial stability report (FSR) 2022, where the RBI governor warned everyone stating
Over 67 million individuals in Mexico still do not have access to a bank account. Indira Kempis proposed a bill to accept BTC as legal tender in Mexico. Mexican senator Indira Kempis proposed a bill to accept Bitcoin (BTC) as legal tender in Mexico and claims the second-largest market that
Chapter 15 bankruptcy prevents creditors from seizing a company’s assets. The 3AC liquidation reportedly reached at least $400 million. The crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, a move that secures its US assets while a British Virgin Islands liquidation is
Ankr under serious hack attacks. Hackers target Polygon and Fantom users. New specific link for accessing opened by Ankr. The Ankr (ANKR), a Web3 structure involving various multi-chain and cross-chain links, is currently under serious hack attacks. In spite of the hack, the official Twitter page of Ankr, posted a
The increase in food costs accelerated to 3.2% from November’s rate of 2.2%. France, Italy, and Spain this week registered new all-time highs in the inflation rates. Eurozone inflation climbed to a new level, consumer prices increased 8.6% from a year earlier in June, up from 8.1% in May, pushed
VanEck refiled to the SEC for spot BTC ETF after eight months from the previous result. The new application’s deadline is marked march 2023. VanEck has reapplied to the U.S Securities and Exchange Commission (SEC) for spot bitcoin Exchange-Traded Fund (ETF), after facing rejection on Nov 21. It is one
Crypto hacks and scams on the rise every month. Major anomalies are ethical hacks upon the parent blockchains. Rug Pull and Discord Hack accounts to be the major attack modes. Horrible is the entire crypto industry and so devastating was the month of June 2022. The overall market cap has
BlockFi CEO Zac Prince, 100% confirms that the firm is being sold to FTX. This year, Bankman-Fried paid $648.3 million for a 7.6% stake in Robinhood. BlockFi, a leading cryptocurrency lending platform CEO Zac Prince disputes the reports that the firm has sold for $25 million, BlockFi previous value was
