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Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter
26.9.2024
The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter
Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March
2.2.2024
Economist Peter Schiff says Federal Reserve Chairman Jerome Powell taking the March rate cut off the table “may have actually raised the probability that the Fed will indeed serve up the first rate cut in March.” Moreover, Schiff explained that the Fed’s job is actually to create...
Arbitrum DAO Considers $24 Million “Backfund” for Projects Overlooked in Grant Selection
8.11.2023
Source: Pixabay The Arbitrum DAO is debating a proposal that would inject 21.4 million ARB tokens ($24 million) into previously approved projects that failed to reach the 50 million ARB total funding cut-off during the first round of grants for its Short-Term Incentive Program (STIP) last month....
Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
19.9.2023
Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
6.9.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a...
Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt
30.5.2023
Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin...
US Expands ‘Unprecedented Global Sanctions’ on Russia With Over 300 New Targets
20.5.2023
The U.S. has imposed new sanctions on Russia “in coordination with the G7 and other international partners.” Among the targets are “the channels Russia uses to acquire critical technology, its future energy extraction capabilities, and Russia’s financial services sector.”...
Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider
19.5.2023
Binance Australia said on May 18 that it is “unable to facilitate PayID AUD deposits for Binance users” due to a third-party payment service provider’s decision to discontinue support for the crypto exchange. Binance Australia said while it works to find an alternative, users...
Silvergate Was Not Cut Off From Loans, FHLB Says
15.3.2023
The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank had to go into voluntary liquidation, it said
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks
13.7.2022
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create...
Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand
21.6.2022
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt...
Human Rights Advocates Insist Bitcoin ‘Provides Financial Inclusion’ — Refutes Claims in Critics’ Letter to US Congress
13.6.2022
Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from...
Some Indian Payment Processors Cut Off Local Crypto Exchanges
14.4.2022
EU will cut off 7 Russian banks from SWIFT, with ordinary Russians facing consequences
2.3.2022
Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia
Trezor Ditches a Controversial KYC Feature, Plans Features to 'Cut Off Regulatory Overreach'
31.1.2022
Major hardware wallet maker Trezor promised to remove the recently added and controversial know-your-customer (KYC) feature, known as Address Ownership Proof Protocol (AOPP) -- and said it planned new features meant to "cut off regulatory overreach at the source."...
Read More: Trezor Ditches...
Kazakhstan Shuts Down Crypto Mining Farms Till February
26.1.2022
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto...
Chinese province to cut off Bitcoin miners from hydropower stations
23.8.2021
After the given deadline, Yingjiang County reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction
Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
16.6.2021
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over...
Verge, XVG price get a helping hand as Visa and MasterCard cut off Pornhub
12.12.2020
A stagnant price period seems at an end as Pornhub is forced to go full crypto for payments