The authorities of New York state proposed certain amendments to the law that could allow residents to settle bail bonds in stablecoins instead of fiat currency. The bill could become official six months after the relevant regulators greenlight it. Domestic lawmakers have previously introduced legislation that aims to make certain cryptocurrencies an official means of...Read More
California lender PacWest Bancorp (PACW) fell over 20% on Thursday after the company revealed it had lost a significant portion of its deposits. This follows a string of US regional bank failures this year that were preceded by similar red flags. Depositors Flee From PacWest Per its quarterly report filed with the Securities and Exchange...Read More
ZachXBT has accused several influencers of engaging in pump-and-dump scams and profiting from the misery of others. This time, the on-chain sleuth has targetted yet another figure who goes by the name ‘DannyCrypt,’ for allegedly dumping on his followers. The crypto influencer in question was accused of receiving 2% of the supply of a certain...Read More
While Bitcoin had whittled down waitlisted transaction orders by Wednesday, network congestion remains high. Median confirmation time hovered markedly above ten minutes. The on-chain metric for Bitcoin network fulfillment sits at a high unseen since Feb 2023 and Dec 2022. Meanwhile, hundreds of thousands of transactions at a time sit waiting to be confirmed. That’s...Read More
Uniswap (UNI) and Leo Token (UNUS SED LEO) have emerged as the face of the troubles in the crypto market. UNI and Leo Token are networks that have underperformed in the current bear market and even before it. As the whole crypto market goes into the red, there is a trend beater in Big Eyes...Read More
In the world of cryptocurrency, one of the ways to earn a profit is by selling your investment when the market price rises. However, there are other ways to make money with digital assets, and staking is one of them. With staking, investors can generate passive income without having to sell their cryptocurrency investments. Staking...Read More
Nexo – a popular cryptocurrency lending platform – is dissolving two business units based in the United Kingdom while it deals with regulatory issues in other parts of Europe and North America. The latest steps are part of a “restructuring” effort that will still involve Nexo continuing operations within the country. As reported by BNN...Read More
Pepecoin (PEPE) made quite a significant upheaval in the sluggish crypto market. From less than $1 million at the launch, its market cap swelled close to $2 billion in just weeks. The frog-themed memecoin in the crypto universe dominated by dog-themed coins is bound to trigger funny memes. And one such meme attempt by Coinbase...Read More
[PRESS RELEASE – Please Read Disclaimer] The Super Six tournament is gaining momentum on 1xBit. Winners of the second round have already claimed their winnings but the prizes from the 6 BTC prize pool are yet to dry out. Now is the perfect time to join the Super Six tournament, as the next prize draw...Read More
A U.S. court has given troubled cryptocurrency exchange Bittrex Inc. permission to borrow $7 million worth of bitcoin (BTC) to fund the start of its Chapter 11 bankruptcy case. According to a Reuters report, Bankruptcy Judge Brendan Shannon approved the exchange’s request on an interim basis at a Wednesday court hearing in Wilmington, Delaware. Bittrex...Read More
[PRESS RELEASE – DUBAI, United Arab Emirates, May 11th, 2023] Bybit, the world’s third most visited crypto exchange, is proud to announce its official sponsorship of the Safehouse Racegraph Lamborghini team for Super Trofeo in Asia. This partnership is a thrilling new step for Bybit, as it continues to accelerate toward the future of finance....Read More
The Seoul Southern District Court reportedly honored the prosecutors’ request to freeze 233.3 billion won in assets (approximately $176 million) personally owned by the notorious co-founder of Terraform Labs – Do Kwon. Besides cryptocurrencies, the authorities have blocked his access to his house in Southern Seoul, studio flat in Nonhyun-don, expensive cars, and certain money...Read More
In a stunning development in the FTX Group’s drawn-out bankruptcy case, the IRS has recently filed claims against the default entity that dwarf any prior ones and cast doubt on its prior idea of re-opening for business. Over $40 Billion in Unpaid Taxes In order to put this development into perspective, as recently as January,...Read More
According to Bloomberg’s macro strategist, Mike McGlone, cryptocurrency traders may begin investing in non-digital assets as a result of an impending recession. McGlone believes that the bear markets are not yet over, and as a result, traders will likely shift their focus to gold, a traditional safe-haven asset that tends to appreciate in value during...Read More
Bitcoin mining firm Marathon Digital Holdings has received another subpoena from the SEC. The summons is in relation to its Montana data center, which the regulator claims may have violated securities laws. The company said it was cooperating with the SEC following an initial subpoena on April 10 relating to “transactions with related parties.” “We...Read More
Cryptocurrency asset manager Grayscale Investments announced the launch of The Grayscale Funds Trust. The new entity will allow the firm to manage many of its publicly traded financial products in-house. Bullish on Crypto’s Future In addition, Grayscale has filed a registration statement with the United States Securities and Exchange Commission (SEC) for three new crypto-focused...Read More
