Finland has sold off 1,889.1 bitcoins worth around 46.5 million euros ($47.5 million) amidst market turmoil, Bloomberg reported on Thursday. The liquidated crypto assets were seized by the Finnish Cus...
Tag: bitcoin price
South Korean Government Postpones 20% Taxation on Crypto Assets Till 2025
The South Korean government announced Thursday the suspension of the 20% tax imposed on crypto incomes set within the limit of 2.5 million won ($1,942.20) till January 2025, citing “the lack of an inv...
Crypto Exchange KuCoin Secures $10 Million Strategic Investment From SIG
Popular cryptocurrency exchange KuCoin announced Thursday that it had signed a partnership with Susquehanna International Group (SIG), a leading global quantitative trading company. KuCoin Secures $1...
Electric Car Maker Tesla Dumped $936 Million Worth of Bitcoins in Q2
The world’s largest electric car manufacturer, Tesla Inc., on Wednesday, released its second quarter (Q2) financial earnings report revealing the sale of 75% of its total bitcoin worth billions of dol...
South Korean Prosecutors Raid Upbit and Other Local Crypto Exchanges Over Terra’s Crash
A group of investigators from the Seoul Southern District Prosecutors Office raided local crypto exchanges on Wednesday in an ongoing investigation into the infamous Terra Luna crash, Yonhap News Agen...
Crypto Exchange FTX Reportedly Plans to Raise Fresh Funds After Acquisition Spree
Sam Bankman-Fried’s cryptocurrency exchange FTX is planning to raise fresh funds after its recent acquisition spree amidst the crypto bear market, Bloomberg reported Wednesday, citing people familiar ...
Crypto Exchange Zipmex Suspends Withdrawals Amid Crypto Winter
Singapore-based crypto exchange Zipmex has just announced a pause in the withdrawals of users’ funds till further notice. Zipmex Halts Withdrawals The company noted in the announcement that the move w...
Polygon Rolls Out Ethereum-Equivalent Zero-Knowledge Scaling Solution
Polygon, a leading Ethereum blockchain scaling solution and web3 infrastructure, announced Wednesday the launch of its Zero-Knowledge Ethereum Virtual Machine (Polygon zkEVM). According to the offici...
Crypto May Become ‘Outlawed’—Billionaire Investor Issues Stark Crypto Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Rebound
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile,...
Crypto May Become ‘Outlawed’—Billionaire Investor Issues Stark Crypto Prediction As Rice Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Rebound
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile,...
Celsius Had Internal Issues Years Ahead of Bankruptcy, Former Employees Reveal
According to former employees of Celsius and internal documents reviewed by CNBC, the cryptocurrency lending company had internal issues years ahead of its bankruptcy filing. Celsius Allegedly Had Int...
Crypto Investors Lost $42 Million to Fake Apps in 7 Months
The United States Federal Bureau of Investigation (FBI) has warned financial institutions and crypto traders about the increasing growth of fake crypto investment apps. Fraudulent Crypto Apps Defraud...
Bitcoin S2F Model Creator Predicts $30k Bitcoin Price in September 2022
Dutch analyst PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) prediction model, has just shared a new prediction, noting that BTC will reclaim $30,000 by September 2022 if the cryptocurrency con...
Coinbase Secures Operational License in Italy Amid European Expansion
Leading cryptocurrency exchange Coinbase announced Monday that it has received approval from the Italian government to operate as a crypto service provider in the region. The United States-based crypt...
Binance Fined $3.3M By Dutch Central Bank
Leading cryptocurrency exchange Binance has been fined 3.32 million euros ($3.35 million) by De Nederlandsche Bank NV (DNB), the central bank of the Netherlands, for offering crypto services in the co...
SOL Climbs Above $40 for the First Time in Fourteen Days
Solana saw a lot of volatility during the previous week. One clear indication of this is its highs and lows over the last seven days. Although the week started slow, it picked up momentum as it progre...
Uniswap Retains Nearly 60% of DEX Trading Amid Volume Slump
Cryptocurrency analytics platform CoinGecko revealed in its recently released second-quarter (Q2) report for 2022 that the top decentralized exchanges (DEX) existing on various networks have generally...
Celsius Network Users May Face Prolonged Waiting Time Over Repayment: Report
A new report has revealed that users of troubled crypto lending platform Celsius may have to wait a long time to access their funds frozen on the platform. Recall that the firm had filed for voluntary...
Voyager Asks Court to Fulfill Customers’ Withdrawals From Metropolitan Commercial Bank
According to a July 14 court filing, troubled crypto brokerage firm Voyager Digital has asked the New York bankruptcy court to honor customer withdrawals for more than $350 million held by Metropolita...
Crypto Mixer Usage Hits All Time-High as Crypto Crimes Surge: Report
Cryptocurrency mixing platforms, also known as tumblers, have been experiencing increased usage from individuals who wish to obscure the origin of their funds, blockchain analytics firm Chainalysis sa...
QNT Faces Threats of Massive Selloffs as it is Overbought
Quant was on an uptrend over the last four days. The token saw the surge start the previous week as it recorded massive gains during this period. The asset was the the top gainer during the previous i...
OpenSea Lays off 20% of Employees to Prepare for a Prolonged Crypto Winter
Leading non-fungible token (NFT) marketplace OpenSea has slashed 20% of its workforce due to the ongoing economic slump, joining the long list of firms that have laid off their employees to stay afloa...
Bitfinex Donates $1.3M Worth of BTC and USDT to Small Businesses in El Salvador
Bitfinex, a cryptocurrency exchange owned and operated by iFinex Inc., announced Thursday the donation of 36 bitcoins and 600,000 USDT to bitcoin-friendly El Salvador. Bitfinex Donates $1.3 Million to...
CoinPayment to Shut Down U.S. Operations on July 19, Warns Users to Withdraw Funds
Global crypto payment processor CoinPayment and its parent company UAB Ventures are on the verge of exiting the U.S. market due to heightened security obligations and market changes, BleepingComputer ...
Crypto Exchange OKX Receives Provisional License in Dubai
Popular cryptocurrency exchange OKX, formerly known as OKEx, has joined a growing list of crypto trading platforms to receive approval to operate as a digital asset service provider (DASP) in Dubai. ...
Terra’s Fallen USTC Held 7th Largest Stablecoin in Q2 Despite $0.03 Peg
Singapore-based cryptocurrency data aggregator CoinGecko has just released its second quarter (Q2) report for 2022. The report outlined the condition of the entire stablecoin market. The top 15 stable...
Crypto Lender Celsius Network Files for Chapter 11 Bankruptcy Protection
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...
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...