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Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius
8.5.2023
The $500 billion-plus firm is involved in NovaWulf's offer for Celsius, according to a person familiar with the matter
Biggest Movers: XRP, SOL Move 5% Lower to Start the Week
8.5.2023
Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. XRP Xrp, formerly known...
Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves
8.5.2023
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise...
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
8.5.2023
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they...
Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review
7.5.2023
Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest regional organization, the Shanghai Cooperation...
Meme Coin PEPE’s Market Cap Surpasses $1B with 896% Surge Over the Past Week
5.5.2023
As per the latest statistics recorded before the weekend, the meme token PEPE has witnessed a massive surge in value, following its recent listing on the crypto exchange Binance. In just seven days, the crypto asset has skyrocketed by 896% against the U.S. dollar, making it the third-largest meme...
Examining global successes and challenges in regulating crypto: Report
4.5.2023
Crypto regulation remains controversial, with different governments taking different approaches, but growing adoption will likely lead to more clarity
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
4.5.2023
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model
A Counter-Strike Map Is Informing Russians About The Ukraine Invasion Amidst Censorship
3.5.2023
As journalists and editors know, cutting through the noise to deliver the news can be a tricky business. It’s even harder when you’re trying to report on the invasion of Ukraine, and your target audience is located in Russia. Since March 2022, the Russian president has made it a crime to call...
Global Dark Web Crackdown: 288 Arrested, Drugs, Guns, and Crypto Seized
3.5.2023
The US and international law enforcement have made 288 arrests and seized over $53 million in cash and cryptocurrency as part of a major dark web crackdown.
In a Tuesday press release, the US Justice Department said the operation, started in 2021, spanned across the United States, Europe,...
Biggest Movers: MATIC Rebounds, as SOL Falls Back Towards Support
3.5.2023
Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was up by nearly 1% earlier in the day, as Tuesday’s losses eased. Solana, on the other hand, remained lower, as it fell towards a key price floor. Polygon (MATIC)...
Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
3.5.2023
On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil culminated in 288 arrests, along with the confiscation of 850 kg of illegal drugs, 117 firearms, and $53.4 million in cash and cryptocurrencies. This joint venture...
Coinbase going international sparks community reactions: ‘Crypto is global’
3.5.2023
Reactions to the new development varied, with some celebrating and others expressing their frustration toward U.S. regulators
Breaking the Barriers of Traditional Banking With Digital Assets
3.5.2023
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players....
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse
3.5.2023
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the possible repercussions this new failure might have on U.S. and international economies. While United States President Joe Biden has assured the public that the banking system remains...
Retail CBDCs bring unknown 'consequences' to financial system: IMF director
3.5.2023
The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
Biggest Movers: DOT Drops to 6-Week Low on Tuesday
2.5.2023
Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday. Polkadot (DOT) Polkadot...
Ethereum Shapella Upgrade Sets the Stage in Latest ProBit Global Trading Contest
2.5.2023
PRESS RELEASE. ProBit Global has announced the native asset for the Ethereum network, ETH, as the next token for its series of trading competitions. The crypto trading contest, which allows ProBit Global users to win rewards based on their trading volume, gives traders a low-risk way to...
Putin Says Multipolarity Trend Will Intensify — Warns Those Who Do Not Follow Will Lose
2.5.2023
Russia’s president, Vladimir Putin, says the trend toward multipolarity is inevitable and will only intensify. “Those who do not understand this and do not follow this trend will lose,” the Russian president warned. Putin on Multipolarity Trend Escalating Russian President Vladimir Putin talked...
On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
1.5.2023
Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms