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UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect
14.5.2024
The UK government’s Insolvency Service has shut down a London-based crypto advisory firm that claimed to offer investment advice in cryptocurrencies.
The post UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect appeared first on Cryptonews
Tokyo-Based Crypto Exchange Coincheck to List on Nasdaq Through Merger
9.5.2024
Coincheck, a Japanese cryptocurrency exchange, has made a public filing to list Coincheck Group B.V. on Nasdaq through a De-SPAC transaction with Thunder Bridge Capital Partners IV Inc. This follows an earlier announcement from March 22, 2022, detailing plans by Monex Group Inc., Coincheck’s...
India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud
1.5.2024
The CBI in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme.
The post India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud appeared first on Cryptonews
US Crypto Sector Employees Boast 13% Higher Salaries Than Overseas Competitors
20.3.2024
US-based crypto companies tend to offer higher salaries across various positions and experience levels compared to their international counterparts, a survey published Tuesday showed.
The post US Crypto Sector Employees Boast 13% Higher Salaries Than Overseas Competitors appeared first on Cryptonews
Smaller BTC Miners Might Close Shop Post-Halving: Bitfinex Warns
18.3.2024
Hong Kong-based crypto platform Bitfinex has warned BTC miners of a potential centralization of power amid post-halving. On March 15, Bitfinex published a comprehensive blog report forecasting financial pressure on small miners. The fourth Bitcoin halving is a widely anticipated event in the crypto...
Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens
14.3.2024
Drift Protocol – a crypto spot and futures exchange that operates on the Solana blockchain – plans to expand into "pre-launch markets," too, with a service that lets traders bet on the price of tokens before they start officially trading
Steve Cohen’s Point72 Ventures Leads $10M Funding Round in Crypto Exchange D2X
14.3.2024
Point72 Ventures, an early-stage venture fund backed by Steve Cohen, is leading a $10 million Series A funding round in D2X, a Netherlands-based crypto derivatives exchange.
The post Steve Cohen’s Point72 Ventures Leads $10M Funding Round in Crypto Exchange D2X appeared first on Cryptonews
Exploring the mechanisms of Proof of Work (PoW) in blockchain-based crypto games
13.3.2024
Proof of Work (PoW) serves as a consensus mechanism within blockchain technology, ensuring the validation and confirmation of transactions while facilitating the creation of new blocks. In PoW, miners, the participants in this process, solve intricate mathematical puzzles to add new transaction...
Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms Dealer’s Wallet
11.3.2024
UK-based crypto firm Copper Technologies reportedly transferred digital assets totaling more than $4.2m to a wallet associated with a Russian arms dealer. Subsequently, the individual faced US sanctions months later.
The post Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms...
Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public
16.2.2024
Ethena's USDe "synthetic dollar" is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S
Crypto Infrastructure Firm Aquanow Obtains VASP License in Dubai
13.2.2024
Canadian-based crypto infrastructure firm Aquanow acquired a Virtual Asset Service Provider (VASP) license from financial authorities in Dubai. In a Feb 12 announcement, Aquanow disclosed that it received the regulatory nod from the Virtual Assets Regulatory Authority (VARA) in Dubai to offer...
Former British Finance Minister Denies Crypto Lobbying Allegations
9.2.2024
The UK’s former Chancellor of the Exchequer, Lord Philip Hammond, has denied allegations that he may have been illegally lobbying for crypto company Copper. Hammond currently Chairs the Switzerland-based crypto firm. He has had the appointment since January last year after first serving as...
US Gets Serious About Tracking Crypto Mining Electricity Usage
1.2.2024
A US government agency responsible for managing energy-related data is going after crypto-mining companies over their power consumption. The Energy Information Administration (EIA) said on Wednesday that it will collect electricity consumption data from identified US-based crypto mining companies...
Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
26.1.2024
The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its business prospects....
Litigation Analyst Gives Coinbase a 70% Shot at Full Dismissal in SEC Case
22.1.2024
According to Bloomberg senior litigation analyst Elliott Stein, the major US-based crypto exchange Coinbase might be looking at a favorable outcome in its legal battle against the US Securities and Exchange Commission (SEC). In a recent post on X, Stein shared his analysis of the case and expressed...
QCP Capital Predicts ETH to Outperform BTC Amid ETH Spot ETF Approval Expectations
17.1.2024
QCP Capital, a Singapore-based crypto trading firm, has forecasted that Ethereum will outperform Bitcoin in the medium term. In a recent post on Telegram, the company argued that the narrative surrounding potential ETH Spot ETF approvals will help ETH outshine the BTC in the short future. QCP said...
Bitcoin Price Prediction: Surge to $42,800 Spurs Interest in US Crypto Products and Halving Predictions
16.1.2024
In the ever-evolving landscape of cryptocurrency, Bitcoin price has seen a notable uptick, trading at $42,806 with a 0.55% increase on Tuesday. This surge has been accompanied by growing interest in US-based crypto products, particularly following the approval of spot ETFs. Enthusiasm is mounting...
Coinbase’s Market Dominance Challenged by New Wave of Bitcoin ETFs
11.1.2024
Source: Adobe / 24K-Production The US-based crypto exchange Coinbase is facing increased competition and potential challenges to its market dominance following the approval of spot Bitcoin exchange-traded funds (ETFs) in the US. Notable asset management firms, including BlackRock, Franklin...
Fiat-Crypto Payment Firm Alchemy Pay Adds BINs for Crypto Card
10.1.2024
Source: Alchemy Pay Alchemy Pay, a Singapore-based crypto payment gateway has added new Bank Identification Numbers (BINs) for its crypto card. The feature will be available for users in Hong Kong. According to a Tuesday release, the new BIN will start with the first 6 digits – “515783,”...
Japanese E-commerce Heavyweight Mercari to Accept Bitcoin Payments
8.1.2024
Source: vladim_ka/Adobe Mercari, one of Japan’s biggest e-commerce platforms, says it will start accepting Bitcoin (BTC) from June this year. Per a report from Nikkei, the firm will process Bitcoin payments via its Tokyo-based crypto subsidiary Melcoin. Melcoin will convert all BTC payments into...