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Shiba Inu’s Layer-2 blockchain: Shibarium Beta
16.1.2023
Shibarium Network tweets to announce the most awaited launch of Shibarium Beta, Shiba Inu’s Layer-2 blockchain. The message of Shibarium Network showcases the completion of all the preparations for the launch of Shibarium Beta. The Shiba Inu team’s official blog introduced some fundamental concepts...
Brazil’s Nubank Remains Bullish on Crypto with New Token Listings
16.1.2023
The Brazilian neobank Nubank’s decision to list polygon (MATIC) and uniswap (UNI) on its banking app has been met with enthusiasm from the crypto community.
Nubank first began its crypto pivot in mid-2022, when it announced it would buy bitcoin (BTC) using its balance sheet. The company claimed...
Will FTX Japan Depositors Really Get Their Money Back in February?
16.1.2023
The Japanese subsidiary of cryptocurrency exchange FTX is expected to resume withdrawals starting in February, according to a Japanese senior official.
Mamoru Yanase, deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, has said FTX Japan will...
Hardfork: Polygon PoS Chain upgrade to increase performance
16.1.2023
The debut of Polygon PoS came with the solution for Ethereum’s scaling problem. Developers and users benefited from almost everything they love about Ethereum with low gas fees. Now, the Polygon has evolved as a leading destination for dApps with numerous decentralized apps, 207 and above unique...
India's Central Bank Governor Calls Crypto "Gambling," Asks for Blanket Ban Again!
15.1.2023
India’s central bank governor has once again expressed skepticism toward cryptocurrencies, saying these assets are “nothing but gambling” and asking for a blanket ban.
Speaking at a Business Today event, Shaktikanta Das claimed cryptocurrencies don't have any intrinsic value and their perceived...
Sand Dollar Digital Currency Struggle for Relevance After FTX Disaster
15.1.2023
The Sand Dollar, a digital version of the Bahamian dollar, is in a tight spot within the island nation following the unprecedented collapse of cryptocurrency exchange FTX.
FTX, once the third-largest cryptocurrency exchange in the world with a valuation of $32 billion at its peak, was based in...
DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest
14.1.2023
The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.
In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two "overarching" reasons....
Justin Sun Says He's Interested in Putting Up to $1 Billion for a DCG Asset Fire Sale
14.1.2023
Justin Sun, founder of TRON Foundation, has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG).
In an interview with Reuters, the Chinese crypto entrepreneur said he is willing...
Crypto ETFs Are the Top Fund Performers as New Year Rally Strengthens
14.1.2023
The crypto-focused exchange-traded fund (ETF) market has seen a topside push in 2023 amid a surge in cryptocurrency prices.
So far this year, the 14 top-performing ETFs are all tied to digital assets, excluding leveraged products, out of about 2,000 funds tracked by Bloomberg,...
Crypto.com Cuts 20% of Staff in Latest Retrenchment by a Top Crypto Exchange in Fight for Survival
13.1.2023
Crypto.com has announced that it will cut 20% of its staff, citing macroeconomic headwinds and the collapse of rival exchange FTX as its reasons.
“While we continue to perform well, growing to more than 70 million users worldwide and maintaining a strong balance sheet, we’ve had to navigate...
Nexo hit by Withdrawals Tsunami After Bulgaria Raid Office to Investigate Alleged Money Laundering
13.1.2023
The major crypto lender Nexo has been hit by a tsunami of customer withdrawals after the company’s office in Bulgaria was raided by police.
The raid at Nexo’s Sofia, Bulgaria office happened on Thursday at more than 15 sites across Sofia, Reuters reported. It added that more than...
Update Lets Digital Yuan Users Pay with Mobiles – Even When Their Battery’s Flat
13.1.2023
Another update to China’s digital yuan app is allowing users in pilot zones to pay using their cell phone – even if their devices have run out of battery or have no mobile signal.
Per Shanghai Securties News, Android users can now toggle a function that lets them “pay without network and/or...
Subsquid partners with Aleph Zero to focus on data tooling and WASM
13.1.2023
Subsquid has published an official blog post to announce its partnership with Aleph Zero, with a core focus on data tooling and WASM. Subsquid has previously provided indexing support to its community of builders. The recently announced partnership merely takes that forward to collaborate with...
Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
13.1.2023
Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.
According to a report by the Financial Times, DCG, the parent company of Genesis, plans to raise...
Head of S Korea’s V Global Crypto Exchange Will Serve 25 Years in Jail for $2.3bn Fraud
13.1.2023
The CEO of a bogus South Korean crypto exchange that tricked some 50,000 customers out of a total of $2.3 billion will spend the next 25 years behind bars – after the Supreme Court found him guilty of fraud.
Yonhap reported that the Supreme Court dismissed an appeal from the CEO of the V Global...
Papyrus: a new open-source full node for StarkNet newly launched by StarkWare
13.1.2023
StarkWare happens to be extremely pleased and takes great pride in making their official announcement of having released their new open-source full node, Papyrus. This will now be functional in carrying out enhancement where the network’s functionalities and decentralization is concerned. Being...
Hong Kong is Setting Up a Shortlist of Tokens Retail Can Trade - Which Coins Will Make the List
12.1.2023
Hong Kong’s financial regulator is expected to create a dedicated whitelist of tokens that retail users will be allowed to trade.
The new token whitelist was proposed on Wednesday by Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC) during a panel discussion in Hong Kong....
Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire
12.1.2023
Former FTX CEO Sam Bankman-Fried has released an extensive Substack article talking about how his crypto empire collapsed, once again putting the blame on rival crypto exchange Binance. ...
Read More: Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire
DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
12.1.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) is “actively engaged” in talks with creditors, according to a little-known crypto exchange....
Read More: DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
South Korean Software Giant AhnLab Unveils Crypto Wallet
12.1.2023
The South Korean software giant AhnLab has released a crypto wallet – becoming the latest in a long line of the country’s IT players to move into the space.
Per iNews24, AhnLab, the largest computer security company in South Korea and the brainchild of the tech entrepreneur and presidential...