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Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful
7.6.2022
The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.” U.S. Labor Department Sued Over Crypto Guidance...
Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event
6.6.2022
BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from Glassnode warns of another final sell-off
IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February
6.6.2022
It's unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds
Eurovision Winners’ NFT Auction Raises $900K for Charity
6.6.2022
Kalush Orchestra, the winners of the Eurovision Song Contest 2022, have successfully auctioned off an NFT for charity. The auction was held on MetaHistory — the official Ukrainian charitable NFT museum – and raised $900,000 in cryptocurrency for Ukraine. MetaHistory and Kalush...
USDD Becomes First Over-Collateralized Decentralized Stablecoin
6.6.2022
USDD has achieved the significant milestone of upgrading into the first over-collateralized decentralized stablecoin with a ratio of 130%, higher than the one set by DAI, which comes to 120%. A total of 700 million tokens are in economic circulation. The upgrade has resulted in a faster transaction...
Is Cardano ready for a go at $1? June's hard fork FOMO lifts ADA price to weekly highs
6.6.2022
Cardano's previous hard forks sparked massive ADA price rallies. Will this time be different?
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000 to Start the Week
6.6.2022
Following a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. BTC was once again above $30,000 on Monday, while ETH climbed by over 5%. Bitcoin The world’s largest cryptocurrency was trading higher on Monday, as prices once again rose above the $30,000...
Bybit Extends Support to HNT Network Upgrade
6.6.2022
Bybit has announced support for the network upgradation of Helium (HNT). The process starts on June 08, 2022, at midnight (UTC). Deposits and withdrawals of HNT will be suspended on June 07, 2022, at 11 AM (UTC) until the upgrades are deemed stable. The exact duration of the suspension will...
Avalanche Up by 10% in 24 Hours; Will AVAX Sustain the Momentum?
6.6.2022
Avalanche is a blockchain-based decentralized platform for launching decentralized apps, but it has been facing tough competition. It has shown massive growth in the last year with a significant increase in average daily transactions. It also offers NFTs and blockchain gaming platforms. Developers...
Hackers Target Lifestyle App STEPN With DDoS Attacks
6.6.2022
STEPN, the web3 lifestyle app, requested its users to “take rest” as its network came under a DDoS attack for the umpteenth time in the last few months. The recent of these attacks occurred on July 5, just as the users felt network congestion during the game. STEPN users presume that...
Dubai’s Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance
6.6.2022
Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties. “Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance....
SEC Launches Game-Show Campaign to Educate Investors in ‘a Playful Way’ – Crypto Included
6.6.2022
The U.S. Securities and Exchange Commission (SEC) has launched a game-show campaign to help investors make informed decisions “in a playful way.” One of the contestants in the game show chose to listen to a celebrity and invest in crypto. SEC Debuts ‘Game Show-Themed Public...
2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down
5.6.2022
2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making...
Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Faces Up to 5 Years in Prison
5.6.2022
A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possible $250,000 maximum fine. Crypto Trader Pleads Guilty The U.S. Department of Justice (DOJ) continues...
UAE Charitable Foundation Receives Approval to Accept Crypto Donations
5.6.2022
Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been given permission to accept cryptocurrency donations. Accepting cryptocurrencies makes it possible for the foundation to receive funding via what is described as one of the fastest-growing...
US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021
5.6.2022
The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $1 Billion in Crypto The U.S. Federal Trade Commission published a “Data...
Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts
5.6.2022
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely...
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
4.6.2022
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks....
Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’
4.6.2022
Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, the cryptocurrency market is now bigger than subprime...
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
4.6.2022
According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing...