Beleaguered cryptocurrency lender Celsius Network announced Wednesday that it has filed for Chapter 11 bankruptcy protection for reorganization in the U.S. Bankruptcy Court of the Southern District of...
Tag: altcoin news
Binance Burns 1.96M BNB Worth $444 Million in Latest Burn
Binance, the world’s largest cryptocurrency exchange, said it has completed its 20th quarterly burn of its native token, this time removing about 2 million BNB from circulation. Binance Burns $444 Mil...
California’s Financial Regulator Probes Firms Offering Crypto Interest Accounts
The California Department of Financial Protection and Innovation (DFPI) said in a recent publication that it is “actively investigating” companies offering crypto interest accounts to investors in the...
Animoca Brands Hits a $5.5B Valuation After Raising $75 Million
Hong Kong-based play-to-earn gaming development company Animoca Brands has now attained a valuation of $5.5 billion after a $75 million fund round. The latest valuation comes at a time when the crypto...
3AC Founder Alleges “Good Faith” Breach by Liquidators
Zhu Su, the co-founder of crypto hedge fund Three Arrows Capital (3AC), has finally broken his silence on the company’s liquidation proceedings. Su said in his first Twitter post since last month that...
Is Cardano Dead? The Best Hype-Free Article You’ll Find!
The Cardano blockchain project is dead or well alive depending on who you ask. At the peak of its recent highs in November 2021, the (ADA) cryptocurrency hit a market valuation above $50 billion. Such...
Customers May Not Get Full Crypto Refund
Troubled cryptocurrency brokerage company Voyager Digital has revealed that its customers may not be able to receive all their entire crypto assets as the firm moves forward with its reorganization pl...
The Supercharged Passive-Income Solution From Kriptomat
Kriptomat has replaced its popular Kriptomat Savings feature with a new and improved service that delivers even greater returns to crypto owners in Europe and around the world. The platform’s easy-to-...
The UK and US Inch toward Crypto Regulatory Clarity
The United Kingdom and the United States are inching closer to more transparent crypto regulations. In the UK, a group of lawmakers created a forum to outline regulations for the crypto industry calle...
U.S. Judge Partly Grants and Denies Ripple’s Motion Against SEC Over Experts Reports
Judge Analisa Nadine Torres of the U.S. District Court for the Southern District of New York has partly granted and denied Ripple’s motion against the U.S. SEC’s “unprecedented” move to seal the ident...
Why Bitcoin? Chinese Protesters Demand Frozen Deposits
Over 1,000 Chinese protesters stormed Zhengzhou, a city in China’s central province Henan, on Sunday to express their disapproval of the fund freeze carried out by local banks, and also retrieve their...
GameStop Finally Launches Its NFT Marketplace for Gamers and Creators
Popular American video gaming and electronics retailer GameStop has launched its non-fungible token (NFT) marketplace for gamers, developers, and other community members to trade digital artwork and c...
Here’s What Will Happen if Appeals Court Rejects Grayscale’s Bitcoin ETF Lawsuit Against SEC
Craig Salm, the chief legal officer at Grayscale Investments, the world’s largest digital asset management firm, has disclosed the company’s next move if it loses its case against the United States Se...
Crypto Exchange OKX Signs Training Kit Deal With EPL Club Manchester City
Leading cryptocurrency exchange platform OKX announced today that it has signed a training kit sponsorship deal with English Premier League Football (EPLC) club, Manchester City. Both firms did not di...
SOL Trends Remain Bullish Despite Low Trading Volume
Solana is showing a lot of potential as at the of writing. Nonetheless, it failed to record any significant change in price and momentum. The previous intraday session was one that saw both the bulls...
Chainlink Trading Volume Tripple as Bullish Actions Reach its Peak
Chainlink most recent price movement shows that the asset is seeing an increase in both its trading volume. Investors are gradually waking up to the cryptocurrency rallying it to new price peaks. Acco...
BTC Sees More Whale Outflow as Uptrend Enter day 2
Bitcoin price movement has been riddled with a lot of uncertainties. When many expect prices to improve, it goes downhill. This has been the situation throughout the past 30 days. However, market cond...
Angle Protocol Partners With Plenty to Bring agEUR to the Tezos Ecosystem
Popular Euro stablecoin on Ethereum, agEUR can now be bridged to Tezos ecosystem through the Plenty bridge. Users can access the bridge at plentydefi.com/bridge and bridge their agEUR from Ethereum to...
Crema Finance Hacker Returns $7.6M of Stolen Funds
The attacker responsible for the Solana-based Crema Finance hack has returned about $7.6 million of stolen funds, keeping roughly $1.6 million worth of SOL as a bug bounty reward. Crema Finance Hacker...
FTX Still Has a “Few Billion” to Support Struggling Crypto Firms
Sam Bankman-Fried (SBF), the founder and CEO of leading crypto derivatives exchange FTX, said Wednesday that his company still has a “few billion” dollars to save struggling crypto companies that coul...
Binance Launches Zero-Fee Bitcoin Trading to Celebrate 5th Anniversary
The world’s largest cryptocurrency exchange, Binance, has launched zero-fee trading for 13 bitcoin spot trading pairs to celebrate its 5th anniversary. The new policy will go into effect on July 8 and...
High-End Jeweler Graff Diamonds Sues Insurer Over $7.5M Bitcoin Ransomware Payment
Famous British Jeweler Graff Diamonds Corp. has filed a lawsuit against its insurance company, The Travelers Companies Inc., over $7.5 million it spent after falling victim to a ransomware attack in S...
Crypto Broker Voyager Files For Chapter 11 Bankruptcy Protection
Crypto brokerage firm Voyager Digital announced today it has filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court of the Southern District of New York. The announ...
Bitcoin Miner Core Scientific Confirms $167M Bitcoin Sale Amid Market Selloff
Public-traded Bitcoin mining company Core Scientific sold 7,202 BTC, worth $167 million last month. According to the firm’s “June Updates,” released on Tuesday, the crypto assets were sold at an avera...
Ethereum Name Service (ENS) Hits 1.5M Registered Names Amid Crypto Winter
Despite the severe bloodbath in the crypto market, some projects appear to be steadily growing. The Ethereum Name Service (ENS) is a vivid example in this regard, as the project has surpassed 1.5 mill...
Bank of England Calls For Stricter Crypto Regulation Amid Market Downturn
The Bank of England (BoE) is calling for stricter regulations on crypto after the recent market downturn to safeguard against the potential financial stability risks they could pose. BoE Calls for Str...
U.K. Wants Public Views on Taxation of DeFi Loans and Crypto Staking
The United Kingdom (UK) has launched a call for evidence seeking public views on the taxation of crypto-backed loans and staking in the context of decentralized finance (DeFi). The call for evidence ...
Crypto Lender Nexo Signs Term Sheet to Potentially Acquire Struggling Rival Vauld
Popular crypto lending platform Nexo revealed on Tuesday that it has signed an indicative term sheet to acquire Singapore-based lending rival Vauld. An indicative term sheet is a document that shows t...
How Merged Mining Opens the Way for More Crypto Revenue
The cryptocurrency market has opened a valley of business opportunities, from trading highly volatile assets to mining and releasing them into the open market. The latter is of special interest to us,...
Ethereum Burns 2.5 Million ETH ($2.8B) via EIP-1559 Protocol
Less than a year after its activation, the Ethereum Improvement Proposal-1559 (EIP-1559) has permanently removed nearly $3 billion worth of ETH from circulation. According to recent data from Ultraso...