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Crypto Prices Dump But Battle Infinity IBAT Gaming Coin Pumps 150% on Burn and App Milestone News

21.8.2023
Monday, August 21, April 2023 – Crypto prices might be dumping, but fantasy sports-focused gaming platform Battle Infinity’s IBAT token has risen 150% in the past seven days. Every day the IBAT price is making new near-term highs as momentum continues to build. At least three factors are thought...

Crypto Exchange Gemini Requests Federal Judge to Dismiss SEC Lawsuit

21.8.2023
The Winklevoss twins' crypto exchange Gemini has filed a response to the US Securities and Exchange Commission (SEC) lawsuit, seeking the dismissal of allegations over unregistered securities. The embattled crypto exchange wrote in a filing, documented in the U.S. District Court for the Southern...

Australia-Based Crypto Lender Sentenced for False Credit License Claims

21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...

Cryptocurrency Startup Sues Crypto.com Exchange After Falling Victim to Scam

21.8.2023
Cryptocurrency startup Glow Token LLC filed a lawsuit in a US court against the Crypto.com exchange over a recent fraud, alleging negligence and breach of contract. The lawsuit was filed on August 10, assigned to Judge Jose Martinez of the Florida Southern District Court, and last updated...

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

21.8.2023
Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said

Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns

21.8.2023
Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions

Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds

21.8.2023
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...

While QR Token Blasts Up 100,000%, Crypto Whales are Stacking This Lesser Known Crypto Before it Lists on Exchanges – 100x Potential?

21.8.2023
As crypto markets surge around emerging platforms such as Friend Tech, DEX markets haven't been missing out on the action - and leading decentralised social media platform Qrolli (QR) has exploded +100,000% amid the rush for web 3.0. Qrolli is a user-owned social network aiming to empower creators...

Latam Insights — Javier Milei’s Victory Divides Argentina; Bitso Launches Cross-Border Institutional Payment Service

21.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Javier Milei’s victory in Argentina causes a devaluation maelstrom, and Bitso launches a cross-border institutional payments service. Javier...

FTX's Debtors Revise Settlement Proposal After Objection From U.S. Trustee

21.8.2023
Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion

On-chain tool to seize crypto is a purist's nightmare, but a must: CEO

21.8.2023
A U.S. federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Its founder, Mike Kanovitz, admits it could see hate from crypto purists

‘Crypto Debt’ Drove South Korean College Student to Armed Robbery

21.8.2023
A South Korean man has been handed a suspended jail term of almost three years after he was found guilty of armed robbery “to clear a crypto debt.” According to the South Korean media outlet WowTV, the unnamed criminal was 22 years old and had amassed debts of over $37,000 due to “failed...

BRICS Bank Could Issue Digital Currency for the Economic Bloc, Analyst Says

21.8.2023
A Trace Finance analyst has suggested that the BRICS nations could launch a single digital currency issued and regulated by the New Development Bank, also known as the BRICS Bank. He stressed that the U.S. is facing the biggest crisis in history. Many expect a common BRICS currency that would...

Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan

20.8.2023
Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan...

Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges

20.8.2023
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on...

Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week

20.8.2023
FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime...