Conflict in Europe and skyrocketing interest rates in the US have put cryptocurrencies in the midst of one of the worst market crashes in the technology’s history. Bitcoin and Ethereum dropped more than 70 percent since the peak of last year’s bull run, while several high-profile crypto companies shut their
The crypto community on Twitter concluded that CZ was making a jab at FTX. SBF said he would be willing to collaborate with the FDIC in the future. When Binance’s CEO, Changpeng “CZ,” Zhao, heard about the widely publicized problem of trading jitters on other cryptocurrency exchanges, he expressed worry
The assets taken from Ethereum have been transferred by Ronin hackers . Most of the stolen funds were first converted to ETH and sent to Tornado Cash. The Ethereum assets that were taken by Ronin hackers have been moved to the Bitcoin network. The hackers who carried out the $625
The XRP legal team has said that they have used Peirce’s statements as evidence. As for the SEC Commissioner, Deaton claims he has been praising for almost two years. Several prominent figures in the digital asset business are questioning the U.S. Securities and Exchange Commission’s (SEC) recent legal actions. The
There will be less technological requirements for its staking users. Gemini will pay for improvements to the infrastructure, as well as gas expenses. On August 18, Gemini finally began its staking process. Gemini said in a release that the MATIC token issued by Polygon can be staked and eligible for
The company not only mines Bitcoin but also Bitcoin Cash and Bitcoin SV. The precise date when SBI will end its cryptocurrency mining in Russia is still unknown. Japanese financial services giant SBI Holdings, according to a Bloomberg report, is winding down its cryptocurrency mining activities in Russia. One of
The central bank of the Philippines is the regulator of the crypto sector in the country. The central bank issued a warning that citizens are not insured against financial losses. Recently, Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, issued a public warning against unregistered and international crypto service
Tether highlighted that their entire assets were more than their total liabilities. Tether’s commercial paper holdings have decreased by more than 57.5 percent. Tether, the provider of the most popular stablecoin (USDT), has released its most recent quarterly attestation report on the token’s reserves. In principle, investors in the USDT
The report “A Survey of NFT Licenses: Facts & Fictions,” came out on Friday. Other programs that impose commercialization hurdles include Doodles. The opportunity to make money off of one’s avatar by making derivative works of art, merchandising, and more is a major selling factor for certain NFT initiatives. However,
A total of $6.9 million was then spent on armored vests. It was reported by Elliptic that $5 million came from Polkadot co-founder Gavin Wood. Yesterday, Ukraine’s Vice Prime Minister Mykhailo Fedorov detailed the use of $54 million in cryptocurrency contributions. The most expensive item was unmanned aerial vehicles (or
