The Federal Home Loan Banks System (FHLB) of the United States is financing billions of dollars to two of the biggest cryptocurrency banks to lessen the impact of a spike in withdrawals. The FHLB is an association of 11 regional banks from different parts of the country. And that lend
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
The wormhole bridge exploiters are back in action. While tracking down the so-called wallet address of the hacker, a brief amount of Ethereum was transferred on 23rd Jan of 2022. Two interesting transactions on the list, one is presumably between exploiter and exploiter 2, which sums around 1,889 ETH with
Bitcoin (BTC), the dominant cryptocurrency in the market, has witnessed a deceleration in its further expansion due to the Securities and Exchange Commission (SEC). According to Michael Sonnenshein, the CEO of one of the top investment management firms, Grayscale Investments, the SEC’s crypto regulatory laws have resulted in the slowdown
Despite the skepticism expressed by significant national and international media outlets that the “El Salvador government was in default,” President Nayib Bukele stated on his Twitter account that ‘the country fully paid the bond maturing in 2023, worth $800 million plus interest’. In the past year, almost every legacy international
Coinbase will soon add three new tokens to the listing roadmap for their cryptocurrency exchange. The exchange’s main intent of serving as a bridge to Web3 has been accompanied by this announcement. Three further altcoins have been added to the crypto exchange’s catalog of tradable items. The recently introduced cryptocurrencies
The US Federal Bureau of Investigation (FBI) has revealed the chief culprits of Harmony’s Horizon Bridge Hack. It confirmed two notorious cyber actor groups – Lazarus Group and APT-38, as the responsible agents of the $100M theft in the January 23 press release. Reportedly, these two groups are known to
In anticipation of the release of the beta version of the Layer 2 protocol for Shiba Inu, some members of the SHIB army have opted to stock up on SHIB. Ali Needazar, a Twitter user, posted a screenshot of a Shiba Inu purchase. A tweet claims that a user paid
The layer 1 network of blockchain Quai Network ($QUAI) alarmed crypto enthusiasts by intending to utilize multiple blockchains operating in parallel and secured by merged mining to achieve over “50,000 Transactions per second (TPS).” The network uses Proof-of-Work (PoW) 2.0 and sharding technology to achieve high throughput. The Quai Network
The largest cryptocurrency exchange in the world, Binance, stated over the weekend that its fiat partner Signature Bank will no longer be processing transactions for amounts less than $100,000. The bank’s move comes as it seeks to reduce its exposure to the cryptocurrency sector. The recent market instability after the
