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California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
28.9.2022
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s...
What is necessary for Web3 to fully replace Web2?
28.9.2022
Can Web3 replace Web2… and what stands in the way of this happening? We look at some of the biggest challenges facing this burgeoning sector right now
Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings
28.9.2022
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius —...
'Time is not on our side' to provide regulatory clarity on crypto, says US lawmaker
27.9.2022
"We’ve got to move, pick a regulator, and give the market the certainty and guardrails it deserves," said House Representative Josh Gottheimer
Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals
27.9.2022
The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after authorities legalize cross-border settlements in crypto, according to a leading member of the Russian parliament. The stock and commodity trading platforms in Moscow and St. Petersburg are working...
FCA green lights Revolut, making no UK crypto firms operating under temporary status
27.9.2022
Revolut had been the last "holdout" out of the 12 companies originally granted FCA temporary registration to continue offering crypto services in March
The First NFT-Based Game Out On The Epic Games Store Looks As Awful As You're Expecting
27.9.2022
Epic Games, the company behind Fortnite and Fall Guys, has unleashed another “F” into the world by adding an NFT-based video game to its online store: Fuck, are we still doing this crypto-baby thing?Read more
Celsius CEO Alex Mashinsky resigns
27.9.2022
"I am very sorry about the difficult financial circumstances members of our community are facing," writes Mashinsky
Russia aims to use CBDC for international settlements with China: Report
27.9.2022
Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year
Nuclear and gas fastest growing energy sources for Bitcoin mining: Data
27.9.2022
Some governments can negatively impact Bitcoin's environmental footprint by banning BTC mining, according to new data from Cambridge
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...
Reddit Avatar NFTs are witnessing volatile price tags
26.9.2022
The top collectible recently sold for 6 ETH on OpenSea
Singapore strives to remain relevant amid regulatory tightening for retail investors
26.9.2022
Singapore's largest bank expanded crypto trading for accredited investors only, aligned with financial authorities' views
DeFi lending protocol created by ex-QuadrigaCX co-founder surpassed $50M in TVL
26.9.2022
Michael Patryn was doxed earlier this year to be the co-founder behind DeFi project Wonderland, which collapsed shortly after
Charles Hoskinson and ETH dev get into a war of words post-Vasil upgrade
26.9.2022
Hoskinson called Ethereum Merge a flawed PoS implementation, claiming custodial staking would create issues for the network in the long run
Bank of America Says Cryptocurrencies Continue to Act as Risk Assets
26.9.2022
Ether continues to slide as investors shift to a wait-and-see approach regarding future upgrades, the bank said in a research report
Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say
26.9.2022
Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial...
Russia Starts Developing Mechanism for International Crypto Payments
25.9.2022
Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments....
Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin
25.9.2022
The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to this. Njoroge argued that cryptocurrencies like bitcoin are not only volatile...
Southeast Asia’s Largest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand
25.9.2022
The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS,...