Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significantly. NYDIG is a leading bitcoin firm that helps miners finance mining equipment and power infrastructure. The mining company also intends to restructure a convertible note...Read More
The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Powell doubted if the Treasury’s move will withstand judicial scrutiny. Tornado Cash allows users to conceal sources and destinations of funds by...Read More
Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs). According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs. Monochrome Bitcoin...Read More
In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles. The Theory...Read More
Cardano’s (ADA) price action was pretty bullish but the recent price actions had significantly dropped the price within the same descending triangle again. The traders are currently waiting for the confirmation of the ADA price trend and awaiting for the bulls or the bears to display their dominance. Considering the present price movement, the possibility...Read More
Tl;dr: We are excited to announce the expansion of our enhanced password protections. By protecting the first layer of our user’s account protection, their passwords, we are continuing our commitment to offer our customers with the best security tools to protect their funds and accounts. By Abhishek Agarwal, Group Product Manager At Coinbase, one of...Read More
Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly...Read More
The CEO of institutional crypto brokerage firm Genesis Global Trading, Michael Moro, will step down from his leadership position while the company is planning to cut off 20% of its workforce. According to Bloomberg, on Wednesday (August 17, 2022), Genesis announced that Maro will leave his position as CEO, in line with the company’s leadership...Read More
Community-driven protocol Antelope has forked and rebranded the EOSIO 2.0 codebase through a coalition of four EOSIO protocol-based blockchains led by the EOS Network Foundation. The coalition, established in January, consists of EOS, Telos, WAX, and UX Network. Each chain will share Antelope’s underlying blockchain codebase while working together to accelerate the development of the...Read More
Is it a good time to start investing in cryptocurrencies? It depends. A cautious investor might say your money would be better served in more stable markets. But an investor interested to know more about what’s happening in the digital asset space might be more willing to absorb a bit of risk in exchange for...Read More
[PRESS RELEASE – Bucharest, Romania, 17th August 2022] DeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges, including Coinbase, Huobi Global, and MEXC. This is just one of the many developments in the project’s fast-paced evolution, including its upcoming Metaverse platform, where users will get to interact with Cats and Watches Society (CAWS) NFTs....Read More
[PRESS RELEASE – Dubai, UAE, 17th August 2022, Chainwire bitcoinblack has become a popular choice for millionaires and billionaires worldwide who want to join an exclusive club that provides them access to the world’s most exclusive no-limit black crypto credit card. The luxurious credit card, which has no spending limits, allows users to use crypto...Read More
[PRESS RELEASE – Miami, United States, 16th August 2022] Former Navy SEAL Operator and Author Willard Chesney, the dog handler on the historic raid on the Osama Bin Laden compound, along with Justin Melnick, who plays Navy SEAL dog handler ‘Brock Reynolds’ on the CBS hit television series SEAL TEAM, are banding together to release...Read More
Celsius Network’s financial projection shows that it is likely to run out of cash by October, but the lending firm witnessed a breakthrough. A New York judge has approved Celsius’ request to sell Bitcoin that it mines as it undergoes bankruptcy. While the process is expected to reinstate financial stability for the beleaguered platform, Chief...Read More
It’s been a bad year for crypto so far – between large companies going under, a slew of cyberattacks, and – most importantly – the value of assets taking a nosedive, overall legitimate volumes have plummeted by 36% year over year., said Chainalysis. However, there is a silver lining – the illicit trading volumes have...Read More
The U.S. Securities and Exchange Commission (SEC) has filed charges against entities related to Dragonchain along with the founder and controlling person, John Joseph Roets, alleging that the defendants conducted an unregistered cryptocurrency offering. The SEC filed the complaint in the U.S. District Court for the Western District of Washington on Tuesday (August 16, 2022)....Read More
