Tue, October 27

Celsius Following Market Trend in Workforce Reduction

Celsius has laid off 150 employees. Withdrawals on Celsius have not resumed yet. Leading crypto lending platform Celsius network has laid off 150 employees, a quarter of its workforce, as the global crypto market goes through its worst slump yet.  Celsius team stated : We are focused and working as

July 4, 2022 1 min read

Argentine Retreats Stablecoin Post Guzman Resignation

Argentine crypto exchange increased to 18% as it is always around 2%. The people have bought more DAI stablecoin to protect themselves. Argentine economy minister Martin Guzman resigned his post on Saturday. After he resigned the people are investing in the stablecoins three times more. Due to this inflammation that

July 4, 2022 2 mins read

Crypto Lending Platform Vauld Halted All Withdrawals

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

July 4, 2022 2 mins read

Russia to Legalize Crypto Mining Again!

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

July 4, 2022 2 mins read

RBI Governor Warns About the Crypto Risks

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

July 4, 2022 1 min read

Mexican Senator Indira Kempis Proposed Bill To Legalize Bitcoin

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

July 2, 2022 2 mins read

Three Arrows Capital Files Bankruptcy in New-York

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

July 2, 2022 2 mins read

Ankr’s Polygon and Fantom Wallets Targeted for Hack!

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

July 1, 2022 2 mins read

European Countries Under Pressure as Inflation Soars Up

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

July 1, 2022 2 mins read

VanEck’s Reattempt for Spot BTC ETF

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

July 1, 2022 2 mins read