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Huobi confirms 20% layoffs, denies insolvency rumors
6.1.2023
Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets
6.1.2023
The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s...
Solana blockchain’s SOL sees an increase of 36.5% with 2023’s arrival
6.1.2023
The Solana blockchain’s SOL has suddenly witnessed an enormous jump to the tune of 36.5%. This, however, is being attributed to the growing interest and inclination towards BONK, which happens to be a newly introduced meme coin. This meme coin was airdropped to persons connected with the Solana...
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process
5.1.2023
The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter...
Crypto lender Genesis lays off 30% more staff: Report
5.1.2023
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
5.1.2023
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers,...
ECB official urges CBDC development for the good of cryptocurrency and consumers
5.1.2023
ECB board member Fabio Panetta has woven his enthusiasm for blockchain technology and skepticism of cryptocurrency into an argument that supports both, albeit begrudgingly
Ethereum Price Prediction – How High Can ETH Go in 2023?
5.1.2023
ETH, the native cryptocurrency that powers the smart contract-enabled decentralized Ethereum blockchain, is consolidating on Thursday near the $1,250 mark after posting decent gains in the first few days of this week. Indeed, despite now having pulled close to 2% lower versus Wednesday’s highs...
What is institutional DeFi and how can banks benefit?
5.1.2023
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies
Hackers Hit Romanian Hospital, Demand Bitcoin Ransom
5.1.2023
A hospital in Romania has been targeted in a ransomware attack with the perpetrators seeking payment in cryptocurrency to decrypt its database. The hack prevents the medical institution from reporting to the country’s health insurance fund in order to receive due funding. Botoşani...
Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys
5.1.2023
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader...
Don’t miss out on the most incredible crypto investment opportunity of the century: HedgeUp and Zilliqa
5.1.2023
As cryptocurrency adoption reaches record highs, crypto users are now looking for new ways to leverage these blockchain-based assets. The surge in interest in cryptocurrencies and related applications stems from benefits like a high degree of security, enhanced data privacy, and the lack of...
Get gains with HedgeUp: The Ethereum-based investment token
5.1.2023
The trend of investing and securing passive income sources is rising. People try to convert their savings into assets as often as possible. However, many of these assets do not bear fruit or are just not exploited well. Primarily due to a need for more knowledge about investing techniques. In such...
Ethereum and Solana reflect resilience, while Orbeon Protocol explodes in Presale
5.1.2023
While the cryptocurrency market as a whole has had a tough season, some tokens, such as Ethereum, Solana, and Orbeon Protocol, have remained relatively stable. Solana, which is tightly related to FTX, has maintained a high trading volume despite the market’s general disinterest following...
The Twitter feud between Ripple’s CTO and Craig Wright continues
5.1.2023
The argument between Ripple CTO David Schwartz and Craig Wright continues over Twitter. The self-proclaimed Bitcoin creator recently questioned XRP’s performance and utility in a string of tweets. It all started with David Schwartz questioning Craig’s claims regarding Bitcoin’s utility...
Coinbase & NYDFS to settle compliance investigation
5.1.2023
The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
5.1.2023
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
5.1.2023
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still...
Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments
5.1.2023
A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With...
US Regulators and the Fed Jointly Issue Crypto Warnings
5.1.2023
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...