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Today in Crypto: Scammers Impersonate the US Department of State, MicroStrategy Buys-Sells-Buys Bitcoin, Midas Investments Closes Doors Due to Major Losses
28.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Scammers Impersonate the US Department of State, MicroStrategy Buys-Sells-Buys Bitcoin, Midas Investments...
The Next Wave of Institutional Digital Asset Adoption
28.12.2022
Once you build decentralized access control, the decentralized world of Web3 and the traditional world of finance can finally be brought together
How Web3 Helps People Take Control of Their Digital Identity
28.12.2022
Unstoppable Domain’s vice president Sandy Carter lays out the case for decentralized identities
Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions
28.12.2022
The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions.
The newspaper Beijing Business Today reported that the smartphone app, which was launched in January this year, has undergone another...
Argo Blockchain sells top mining facility to Galaxy Digital for $65M
28.12.2022
Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy
China’s CBDC wallet resorts to ages-old tradition to boost adoption
28.12.2022
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
27.12.2022
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...
Russia's largest bank issued gold-backed digital financial assets
27.12.2022
The issuance became the second major operations of the bank with the new class of assets
Argentine Soccer Association AFA Partners With Upland to Enter the Metaverse
27.12.2022
The Argentine Soccer Association, AFA, has partnered with Upland, a virtual world platform, to introduce its fans to the metaverse. Upland will allow Argentine fans to have a bigger connection with AFA history, presenting the opportunity to acquire digital representations of several properties...
Bitcoin ASIC miner prices hovering at lows not seen in years
27.12.2022
ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products
27.12.2022
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs). HSBC’s Trademark Applications for Crypto-Related...
Project Hamilton has concluded, weeks after legislators’ enquiry, according to Boston Fed
26.12.2022
The two-year project produced a white paper in February; research results will continue to appear, with the Fed’s partner at MIT scheduled to make a research report in January
Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted in 2022
26.12.2022
Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales...
Ukrainian Steals Bitcoin From Russian Darknet Market, Donates to Charity
26.12.2022
A Ukrainian living in the U.S. has reportedly hacked a major drug market on the Russian dark web, diverting some of its crypto proceeds. The man says he donated the digital cash stolen from the illicit website to an organization delivering humanitarian aid across his war-torn homeland. Wisconsin...
Bitget Introduces MegaSwap for a Re-Invented DeFi Experience
26.12.2022
PRESS RELEASE. Seychelles, December 26, 2022 – Leading global cryptocurrency exchange, Bitget launches “MegaSwap“, a new feature on its platform that enable the platform’s users to trade or swap their digital assets for over 10,000 cryptocurrencies on a DeFi environment....
Bitcoin hashrate recovers after big freeze shuts down miners
26.12.2022
The Bitcoin network hashrate has returned to 241.29 EH/s after a temporary 38% fall to 170.60 EH/s from a weekly peak of 276.40 EH/s
French investors sued Binance for over 2.4 million euros in losses
25.12.2022
Binance France and Binance Holdings Limited are being sued over alleged misleading commercial practices and fraudulent concealment
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
25.12.2022
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto...
JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors
25.12.2022
A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan...
Lastpass Data Breach Frightens Users, Some Say Hack ‘May Be Worse Than They Are Letting on’
24.12.2022
People involved in financial tech, software programming, cyber security, and cryptocurrencies have been talking about the Lastpass data breach that was disclosed two days ago. The password management company detailed that a breach, committed earlier this year, allowed hackers to obtain a “backup...