Multiple executives at the South Korean cryptocurrency exchange Bithumb are now beleaguered by charges of embezzlement and market manipulation, according to the South Korean financial outlet InfoMax. Under these charges, an arrest warrant has been issued for Kang Jong-hyeon, who is thought to be the “actual owner of Bithumb. Bithumb Executives Under Fire On Wednesday,...Read More
The CEO of the world’s largest credit card company told shareholders on Tuesday that stablecoins and central bank digital currencies (CBDCs) will play a “meaningful role” in the payments space going forward. The company also published its 2022 annual report, in which it wrote about its simultaneously complementary and competitive relationship with cryptocurrencies. Visa’s Crypto...Read More
The London-based cryptocurrency platform – Luno – will reportedly trim the size of its team by over 330 people. It adds its name to the growing list of industry players dismissing staff due to the bear market, including Coinbase, Crypto.com, Bybit, Huobi, Gemini, and more. According to CNBC coverage, Luno will reduce its headcount from...Read More
El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure. Today, the country’s...Read More
Famous crypto attorney and crypto advocate John Deaton continues to criticize the United States Securities and Exchange Commission (SEC) for the way it treats crypto and crypto businesses. Deaton Wants to Testify Deaton says he is willing to testify on the stand about all that he has learned surrounding the way Gary Gensler’s SEC handles...Read More
The digital asset markets have been shaky in the past year, but the blockchain sector continues to scale as demand intensifies from both crypto-native as well as traditional institutions eyeing to leverage the space. Decentralized smart contracts platform Injective is the latest to announce a new $150 million ecosystem initiative to spur the adoption of...Read More
[PRESS RELEASE – Yoqneam, Israel, 25th January 2023] Cyvers, a web3 security company founded by Deddy Lavid and Meir Dolev, has released a security report analyzing the major events, types of threats, and best practices for protecting assets in the DeFi space. The comprehensive report provides valuable insights for projects and organizations looking to securely...Read More
[PRESS RELEASE – Toronto, Canada, 24th January 2023] Little Red Book, (XiaohongShu), the Chinese version of Instagram, integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space.’ The platform has more than 200 million active monthly users and this integration...Read More
Circle, the company behind the USDC stablecoin, has blamed the US Securities and Exchange Commission (SEC) for its failed plans to go public. According to a new report by FT, the regulatory agency failed to sign off on the $9 billion deal. This comes a month after its CEO Jeremy Allaire revealed the termination of...Read More
A lot has happened during the Celsius bankruptcy case since the platform originally went under back in July. Between accusations of fraud, arguments that customers (or unsecured creditors, according to the firm) signed over their crypto, alleged attempts by the former CEO to flee the country, and more, Celsius’ court proceedings have been a wild...Read More
[PRESS RELEASE – Miami, Florida, 24th January 2023] Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide, announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. Founded in 2013, Genesis Coin’s technology powers approximately 35% of global Bitcoin ATM transactions. Barnard and Carrillo, who...Read More
BlockFi, already rattled by prior exposure to 3AC, was forced to file for Chapter 11 bankruptcy shortly after the FTX Group went down, taking a sizable number of crypto-related companies with it. The FTX Group’s relationship with BlockFi was two-sided – on one hand, the exchange had previously extended a line of credit to BlockFi,...Read More
If you’re interested in making money from crypto, becoming a crypto note operator might be the best way to do it. But, if you’re just learning about cryptocurrencies and blockchain technology, you’ll discover it’s like learning a different language. There are many terms that you’ll encounter during your research into this exciting field that you...Read More
Certain Bitcoin investors are selling while they can after the primary cryptocurrency reclaimed $23,000 earlier this month, according to Glassnode. The blockchain intelligence provider’s latest report reviews recent on-chain behavioral patterns exhibited by both short and long-term holders. Exiting While They Can The newsletter, posted on Monday, begins by examining Bitcoin’s price, which have reclaimed...Read More
The New York State Department of Financial Services (NYDFS) urged firms to set apart customers’ cryptocurrency holdings from their own assets. The watchdog argued that co-mingling funds could trigger a significant financial loss for investors. The NYDFS’ Recommendation New York’s financial watchdog issued guidance to state-regulated companies on how they should better protect clients in...Read More
