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Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...
Bitcoin price enters 'transitional phase' according to BTC on-chain analysis
6.3.2023
BTC has struggled to overcome the $25,000 level, but on-chain analysis suggests that the pushback at the key price level is part of the transition out of the bear market
Investor concerns persist as crypto investment products see 4th week of outflows
6.3.2023
According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
6.3.2023
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since...
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
6.3.2023
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”
Babel wants to repay creditors via special ‘recovery coins’: Report
6.3.2023
Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li
Here's how Binance is mitigating its stablecoin needs after BUSD ban
6.3.2023
The recent action from Binance comes in the wake of NYDFS ordering BUSD issuer Paxos to stop minting new BUSD
NFT Creators Investigated in Israel for Alleged Tax Evasion
6.3.2023
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western...
NFT Sales Dip by 32% in the Last Week, Ordinals Squeeze Into Top 10 Collections via Emblem Vault
5.3.2023
After a significant spike in February, sales of non-fungible tokens (NFTs) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million out of the total $186.20 million in NFT sales settled this week. NFT Sales Decline Following...
Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges
5.3.2023
Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience
Monetary policy of cryptocurrencies, explained
5.3.2023
Monetary policy for cryptocurrencies is a game-changer — with fixed supplies and decentralized control, they challenge traditional monetary policy tools
Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia
5.3.2023
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards...
India’s Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official
4.3.2023
An official of India’s central bank, the Reserve Bank of India (RBI), says that the country’s central bank digital currency (CBDC) will act as an alternative to cryptocurrency. He stressed that the digital rupee must possess all the attributes of physical currency, including anonymity....
FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation
3.3.2023
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total...
DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined
3.3.2023
French police arrested two individuals in connection with the Platypus exploit in the month of February
The best cryptocurrencies of 2023: Investing in Shiba Inu, Cardano, and Avorak AI
3.3.2023
Cryptocurrency has been making waves in the financial markets for the past few years. As more and more investors begin to recognize the potential of cryptocurrency, they are turning towards it as an alternative investment option. In 2023, many new and exciting cryptocurrencies are expected to...
Crypto Exchange Bitzlato Restores Access to User Funds
3.3.2023
Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money....
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank
3.3.2023
A total of five crypto companies end their partnership with Silvergate bank on March 2 after a series of lawsuits and investigations against the fintech bank
Ripple survey: 97% of payment firms believe in the power of crypto
3.3.2023
The lack of regulatory clarity is the biggest hurdle to the adoption of crypto-enabled payments, according to a new survey co-hosted by Ripple
Investment Fund Focused on Crypto Mining to Be Created in Russia
3.3.2023
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining...