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SushiSwap Elects New 'Head Chef’ after On-Chain Election


Following months of uncertainty and discussions, the SushiSwap community has elected a new “head chef”. Jared Grey, the former CEO of defunct crypto exchange Bitfineon and decentralized financial services ecosystem EONS, will serve as the leader of the decentralized autonomous organization (DAO)....

JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined


Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse. JPMorgan Sees Little Demand for Crypto as a Payment Tool The global...

Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US


The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop...

Head Of Halo Infinite Studio Is The Latest To Leave


For as long as 343 Industries has existed, Bonnie Ross has been in charge of it. No longer. The Microsoft veteran announced on Monday that she would leave the studio in charge of Halo Infinite to deal with a family medical issue. It’s the latest high-profile departure on a pivotal Xbox game that...

IMF Bailout Could Be in UK’s Future, Says Strategist


Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990...

9,404 Crypto Mining Devices Seized by Iranian Authorities Since March


Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto mining rigs were operating in public locations that receive free or heavily-subsidized electricity, such as schools and mosques. Iran Confiscates Nearly...

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates


It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic....

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