The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million. According to CNBC, a
Numerous companies operating in various subsets of the cryptocurrency industry have failed this year. Multiple well-known businesses, including blockchain development firms, crypto lending platforms, and leading exchanges are feeling the heat. It has been reported that Core Scientific, formerly the leading Bitcoin mining firm, is now on a downward spiral.
Decentralized (DEX) crypto exchange Uniswap has collaborated with financial firm Moonpay to create a bridge between DeFi and traditional currencies. According to the cryptocurrency exchange, the partnership enables Uniswap users to buy digital assets using a bank account or supported credit or debit card. Fiat currency Entered into Uniswap Uniswap
Celsius Network, the bankrupt crypto lending company, has attracted 30 possible bids for its different assets, including its retail platform and mining businesses. According to a company presentation filed on Tuesday, more than 125 parties have approached since September. Also, 30 prospective bidders have signed non-disclosure agreements. As per Celsius,
Authorities in South Korea and elsewhere continue to look for Do Kwon, the controversial creator of Terraform Labs. South Korean authorities have allegedly stated that Terra’s founder was seen in Serbia. After departing Singapore a while ago, as was reported earlier this month. According to The Korea Economics Daily, South
The Bank of Russia intends to evaluate the use case of cryptocurrency for international payments within the regulatory sandbox framework. Olga Skorobogatova, the first Deputy Chairperson of the central bank stated this on Monday as per Tass. Skorobogatova stated that “They are currently preparing to test the use of cryptocurrency
Israeli Defense Minister Benny Gantz stated on December 18, 2022, that the Tel Aviv Magistrate’s Court issued a decision to approve the government’s seizure of all cryptocurrency from digital wallets supporting terrorist activities. On December 15, 2022, more than 150 digital Wallets were seized following the warrant issued by the
The problem of mass adoption of cryptocurrencies is closely tied to accessibility. If cryptocurrencies are hard to use by the general masses, how can they ever become a staple form of value exchange on a global scale? Unbanked Inc, a US-based fintech firm, seeks to provide answers to this question
Sherrod Brown, the head of the United States Banking Committee, propounded that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to embargo Cryptocurrency. He further stated that the Treasury Department and “all the other agencies” should evaluate any potential actions linked to the Cryptocurrency market. Brown
In Decred (DCR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about DCR to analyze the future movement of the cryptocurrency. Decred (DCR) Current Market Status According to CoinGecko, the price of Decred (DCR) is $19.30 with a 24-hour trading volume of $1,124,298 at the
