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South Korean financial majors want to create virtual assets exchange in 2023: Report
22.8.2022
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange
FTX Posted $1 Billion in Revenue Last Year Amid Crypto Rally: Report
22.8.2022
Revenues soared 1,000% from just $89 million in 2020, according to internal documents seen by CNBC
Bitcoin Miners in Q2 Sold 660% of What they Sold in Q1 - Report
22.8.2022
The second quarter of 2022 was a difficult one for public bitcoin (BTC) miners, as 18 of them sold BTC 21,342, according to a recent report released by crypto consultancy BlocksBridge Consulting.
Per the report, this was 660% of what they sold in the first quarter of this year and about 150%...
Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report
22.8.2022
Authorities in the country have been trending towards stricter oversight since the TerraUSD collapse
South Korea Plans to Tax Crypto Airdrop Recipients: Report
22.8.2022
South Korea’s Ministry of Economy and Finance has said crypto airdrops could be subjected to a gift tax of between 10% and 50%
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
22.8.2022
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch
21.8.2022
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite...
Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFTs — Galaxy Digital Report Criticizes BAYC License
20.8.2022
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has officially released the intellectual property (IP) rights tied to the Cryptopunks and Meebits NFTs. The company acquired the IP rights to the NFT collections in mid-March 2022, and owners can...
Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
20.8.2022
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin...
Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations
20.8.2022
According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from...
Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined
19.8.2022
Majority of the DeFi tokens traded in red with several registering double digit losses over the past week
Independent Tether attestation reveals 58% decrease in commercial paper holdings
19.8.2022
An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
19.8.2022
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield...
Robinhood lands steep 60% discount on $170M exchange acquisition: Report
19.8.2022
The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions
Blockchain venture capital funding down over 43% in July: Report
18.8.2022
The crypto market downturn is impacting private funding, but are recent declines in capital inflows as bad as the figures suggest?
Spending on US Crypto TV Ads Shrunk From USD 85M to USD 36K in 5 Months - Report
18.8.2022
With leading crypto exchanges looking for ways to trim down spending on marketing and advertising efforts during the ongoing market downturn, ads featuring celebrities such as actor Matt Damon, as well as athletes LeBron James and Tom Brady, have reportedly disappeared from US television....
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Russian Bitcoin Miners ‘Used 1.25GW’ to Power Their Rigs Last Year, Double the 2020 Total – Report
17.8.2022
Russian bitcoin (BTC) miners reportedly used a whopping 1.25 gigawatts (GW) of electrical power to fuel their activities in 2021, almost double their total for 2020 – as the industry continues to expand in the nation.
Per Novie Izvetiya, Intelion Data Systems experts calculated that altcoin mining...
Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss: Report
17.8.2022
Cryptocurrency lender Nexo is taking legal action against its former director, Georgi Shulev, on claims that he failed to keep his side of a settlement agreement
Colombia to prevent tax evasion with national digital currency: Report
17.8.2022
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
17.8.2022
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool