Brett Harrison, President of the United States subsidiary of major cryptocurrency exchange FTX, is leaving his leadership position but will act as an advisor for the company. Nevertheless, the exec will continue to have an advisory role. The FTX US boss announced his resignation in a tweet thread on Tuesday (September 27, 2022) after serving...Read More
The US Internal Revenue Service is ramping up its efforts to collect taxes from crypto traders regardless of a 70% market slump. The tax department has obtained a court order authorizing summons for records of US taxpayers that failed to report transactions and pay taxes on crypto profits. Specifically, the IRS will issue what is...Read More
On September 22, Cardano, a smart contract platform, experienced its much awaited Vasil hardfork which aims to boost up the network’s performance and capability. Just before the launch of the Vasil hardfork there were speculations that it will turn out to be one like Ethereum merge where ETH dropped after the Merge. However, Cardano’s native...Read More
A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. This means renewable sources only amounted to 38% of the total energy consumed by BTC miners this year. As a Proof-of-Work (PoW) blockchain, processing and...Read More
Federal Reserve Chairman Jerome Powell said that a central bank digital currency (CBDC) in the U.S. would “not be anonymous” during an event hosted by the Bank of France on Tuesday. He described the key properties that would underpin a CBDC if implemented – one of which includes being “identity verified.” Private, But Not Anonymous...Read More
The financial technology company – Revolut – received regulatory approval from the UK’s top financial watchdog (the FCA) to offer cryptocurrencies to local consumers. A few weeks ago, the regulator argued that the firm needs to improve its internal structure and auditing process to obtain such a license. The FCA Finally Said ‘Yes’ The European...Read More
Alex Mashinsky, CEO of embattled cryptocurrency lending platform Celsius, is resigning from his executive position. Nevertheless, he states he is willing to help the company during its restructuring process. In an announcement on Tuesday (September 27, 2022), Mashinsky tendered his resignation letter to the Special Committee of the Board of Directors of Celsius Network Limited....Read More
Ever since the LUNC-USTC crisis kicked off in May, the founder, Do-Kwon, is in deep water. Initially, he was accused of fraud and a scam, but presently the founder is being probed by the alleged crypto fugitive. According to some reports, the authorities have now moved forward to seize more than 3000 Bitcoin stored in...Read More
Bitcoin’s push above the coveted psychological $20,000-level came after nearly 10% gains over the past 24 hours. This was followed by a mass profit-taking session as traders anticipating the threshold began selling their bags, as Santiment’s data. 📈 Many traders were apparently awaiting the $20k threshold to begin selling their bags. As #Bitcoin crossed back...Read More
The leading crypto market maker, Wintermute, suffered a $160 million breach in its decentralized finance operations last week. On-chain data revealed tens of millions of dollars worth of Dai, USDC, Tether, Wrapped ETH, and other assets transferred from the company to a wallet address flagged as “Wintermute Exploiter.” While the UK-based company has not revealed...Read More
[PRESS RELEASE – Please Read Disclaimer] The Amulet mainnet launch has officially been scheduled for 29th September, 2022. The team unveiled Amulet back in April along with the announcement pertaining to the seed funding round which amounted to $6 million being raised. In August, the team had successfully launched the AmuNation app, gamified bounty, the...Read More
[PRESS RELEASE – Singapore, Singapore, 27th September 2022] Magic Square announced today that it has secured funding from Huobi Ventures for its first-of-its-kind Web3 App Store solution. By partnering with Huobi Ventures, Magic Square will be able to continue to develop its platform, accelerate the adoption of its technology, scale up user acquisition, and expand...Read More
[PRESS RELEASE – Singapore, Singapore, 26th September 2022] DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is a major step in DeFiChain’s mission to make DFI...Read More
Last week, we added support for USDT on the Solana network. Fast forward to now, and Solana (SOL) has arrived at BitMEX. This latest addition means that from today, users can now trade, deposit, withdraw, convert, and buy Solana on BitMEX. What’s more, it’s just one of many cryptocurrencies to arrive on our platform in...Read More
Following the bankruptcy filing of beleaguered crypto exchange and investment platform Voyager Digital back in July, the bankrupt firm’s leadership has explored multiple avenues that would potentially allow them to make a comeback and return assets to its customers. Following a recent auction, the company’s troubles seem to have come to an end. FTX Gets...Read More
Meme coins are digital currencies based on internet jokes known as “memes,” which typically include a mascot. These tokens’ blockchains are often Bitcoin or Ethereum. Big Eyes Coin (BIG) is a fresh meme coin that has joined the market in response to Dogecoin (DOGE), one of its predecessors. TamaDoge (TAMA) and Big Eyes Coin (BIG)...Read More
Some blockchain projects have to deal with hackers, and others, like Alcala, have to deal with their own developers. A “human error” a few weeks ago almost killed the whole project. Still, thanks to the mutual effort of the community and the developers, the problem has been solved —kind of. On September 26, Acala network...Read More
The Reserve Bank (the central banking institution of Australia) collaborated with the Digital Finance Cooperative Research Centre (DFCRC) to unveil a technical White Paper on its future CBDC. The organization is expected to complete the pilot version of the financial product by the middle of 2023. Australia joined the list of countries, racing to issue...Read More
