Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July. Original Source: coindesk Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew M Weeks Before Company Froze Customer Accounts: Report
Terra’s Luna Classic Gains Big as Binance Burns Untold Tokens
Traders are optimistic as they await official numbers from the major exchange. Original Source: decrypt Terra’s Luna Classic Gains Big as Binance Burns Untold Tokens
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a...
Music NFTs a powerful tool to transform an audience into a community
Music artists have the opportunity to develop tighter relations with their fans through the use of NFTs. As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption. The...
SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner
Brian Quintenz said a better path would be possible “if the SEC was serious.” Original Source: decrypt SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner
SEC Approach Is ‘Threatening The Entire Ecosystem’: Former CFTC Head
Former CFTC Commissioner Brian Quintenz said a better path would be possible “if the SEC was serious.” Original Source: decrypt SEC Approach Is ‘Threatening The Entire Ecosystem’: Former CFTC Head
Report: CME Group to Face off With FTX After Filing for Futures Commission Merchant Status
According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become...
This Week on Crypto Twitter: Musk and Dorsey’s Texts Leaked, Do Kwon Pleads (Further) Innocence
Also: Ukraine DAO helped form an Iran DAO to raise funds to support women’s opposition to the current regime. Original Source: decrypt This Week on Crypto Twitter: Musk and Dorsey’s Texts Leaked, Do Kwon Pleads (Further) Innocence
This Week on Crypto Twitter: Musk and Dorsey’s Text Correspondence Leaked, Do Kwon Pleads (Further) Innocence
Also: Ukraine DAO helped form an Iran DAO to raise funds to support women’s opposition to the current regime. Original Source: decrypt This Week on Crypto Twitter: Musk and Dorsey’s Text Correspondence Leaked, Do Kwon Pleads (Further) Innocence
S&P Global Report Says EU and UK Are in a Recession, Putin Thinks the West Is Greedy
Today’s blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, “the worst is yet to come,” as the global investment...
Coinbase Suffers ‘Major Outage’ for Customers With US Bank Accounts
The exchange has identified the problem and is working to address the issue. Original Source: decrypt Coinbase Suffers ‘Major Outage’ for Customers With US Bank Accounts
Crypto Exchange Coinbase Fixes Technical Problem That Temporarily Halted Payments and Withdrawals From US Bank Accounts
The exchange says the issue was identified and a solution implemented. Original Source: coindesk Crypto Exchange Coinbase Fixes Technical Problem That Temporarily Halted Payments and Withdrawals From US Bank Accounts
Crypto Exchange Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts
The exchange says the issue has been identified and it is working towards a solution. Original Source: coindesk Crypto Exchange Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts
Sorry, Ether: Sound Money Doesn’t Exist and Neither Does 'Ultra' Sound Money
Sound money should reliably store value over time. No currency – not bitcoin, not ether, not the U.S. dollar – seems to be doing that these days. Crypto Long & Short is our weekly newsletter featuring insights, news and analysis for the professional investor....
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s...
Terra could leave a similar regulatory legacy to that of Facebook’s Libra
The algorithmic stablecoin ban has sparked a range of arguments in the crypto industry as it is being seen as a watershed moment. New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new...
Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’
The launch of BMEX was delayed earlier this year because of market conditions, but the exchange’s CEO wants to get it launched before the end of 2022. Original Source: coindesk Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’
UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’
The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good...
RLWC 2021: CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform
PRESS RELEASE. On 15 October, England men will face the Samoa men at St James Park in the opening match of the Rugby League World Cup (RLWC) 2021, which will conclude in Manchester on 18 November with the wheelchair final and a spectacular doubleheader at Old Trafford...
Ethereum Merge spikes block creation with a faster average block time
some of the evident improvements experienced by the blockchain post-Merge include a steep increase in daily block creation and a substantial decrease in average block time. The Merge upgrade for Ethereum (ETH), which primarily sought to transition the blockchain into...
Bitcoin price starts 'Uptober' down 0.7% amid hope for final $20K push
Bitcoin price action could include a fresh trip to $20,500, but beyond that, the overall trend remains firmly down for traders. Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside.BTC/USD...
US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders...
Kenyan Central Bank Raises Key Rate by 75 Basis Points
The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well...
Transit Swap loses over $21M due to internal bug hack, issues apology
“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million. Transit Swap, a multi-chain decentralized exchange (DEX) aggregator, lost roughly $21 million after a hacker exploited an...
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license...
A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge
With the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for every ether they own. The following is a simple guide that shows ethereum holders how to access their ETHW tokens using a wallet like Metamask. Accessing the...
India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens
India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that...
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central...
SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump...
Web3 and Crypto Checking Account Startup Juno Raises $18M, Airdrops Reward Token JCOIN
Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3...
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