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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’
11.1.2023
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7%...
HedgeUp and Hedera break the mold in the financial industry
11.1.2023
The investment industry is one of the most dynamic and fast-paced industries in the world. New products, technologies, and services are constantly emerging to help investors reach their financial goals faster and more efficiently than ever before. Two relatively new players on the scene –...
It'll be OK: DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
11.1.2023
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, said Novogratz
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
11.1.2023
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars...
Initial approval given for Voyager and Binance.US deal amid national security probe
11.1.2023
The deal has received initial approval from the bankruptcy judge but will require the approval of creditors and final court approval
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
11.1.2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents...
Death and self-custody: How to pass on your crypto when you die
11.1.2023
Crypto lawyers suggest including highly detailed instructions in one’s will and appointing a crypto-savvy next-of-kin, among other suggestions
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
10.1.2023
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China....
Blockchain privacy groups urge new US Congresspeople to protect privacy rights
10.1.2023
Digital advocacy group Fight for the Future has rounded up a group of prominent signatories to its appeal for digital privacy, balanced power and human rights
Albright Capital drops lawsuit against Terraform Labs and Do Kwon
10.1.2023
Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May 2022
Binance pushes back against report stablecoin isn’t fully backed
10.1.2023
The crypto exchange said there was a "timing mismatch in backing Binance-Peg BUSD with BUSD" seemingly showing data in which the stablecoin was not fully backed at times
UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements
10.1.2023
MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC
Crypto.com delists USDT for Canadian users following OSC ban
10.1.2023
Registered cryptocurrency exchanges in Ontario, Canada cannot list USDT due to regulatory prohibition
Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort
10.1.2023
The Web3 developer program received interest from over 1,000 projects but only 15 were selected for Cohort 0
Crypto exchanges need to start giving customers their keys
10.1.2023
Exchanges should introduce decentralized finance to their centralized models to protect their customers and restore confidence in cryptocurrency
Flare (FLR) airdrops 15% of total supply to XRP holders before correcting by 76%
10.1.2023
After a 2-year wait, the layer-1 Flare blockchain has finally followed through and sent its tokens to those who held XRP at the time of the snapshot
Crypto service Tap Global becomes first 2023 listing on UK stock exchange
10.1.2023
The company provides regulated bank accounts and offers crypto purchases through affiliated exchanges
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York
10.1.2023
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with federal prosecutors at an alleged proffer session...
Ex-Coinbase manager's brother sentenced to 10 months in insider trading case
10.1.2023
This is believed to be the first insider trading case involving cryptocurrency
5 signs that an altcoin bull run could be underway
10.1.2023
Record-low volatility and potentially positive macroeconomic data are providing crypto traders with a few opportunities