Bitcoin hardware mining company Compass Mining announced today the resignation of Chief Executive Officer and co-founder Whitney “Whit” Gibbs and Chief Finance Officer Jodie Fisher. “...
Tag: Cites
Grayscale Cites Huge Support for Its Bitcoin ETF Ahead of SEC’s Decision
Grayscale CEO has been pressing hard for the SEC to approve its spot Bitcoin ETF application. If the SEC decided otherwise, Grayscale is ready to take up a legal battle with the securities regulator. ...
Uphold halts services in Venezuela, cites US sanctions
Uphold, a cryptocurrency trading platform has said that it will be suspending its services in Venezuela over the sanctions imposed against the country by the United States. Uphold said that Venezuela ...
MakerDAO Pauses DAI Deposits, Cites Adverse Market Conditions
MakerDAO, one of the oldest DAOs, has suspended its DAI stablecoin from being minted and deposited into Aave’s lending platform. MakerDAO’s suspension came as crypto lender Celsius borrowed 100 millio...
Celsius Network Cites More Distress, No Support From Its Largest Investors
Celsius Network LLC, the struggling crypto lending service, is likely to tackle its financial fights alone, according to numerous sources obtained by WSJ. This is because the firm is unlikely to get f...
Celsius Withdrawals Paused : Cites Extreme Market Conditions
Crypto lending platform Celsius Network announced early Monday through their blog that withdrawals would be paused on their platform due to “extreme market conditions.” According to the blog post, the...
Guild war starts as Merit Circle tries to pay-off YGG – Cites “lack of value”
The Merit Circle decentralised autonomous organisation (DAO) has put forward a proposal to return the backing from Yield Guild Games (YGG), stating that the guild does not bring value as an investor. ...
Panama’s President Mulls Crypto Law Veto, Cites Money Laundering Concerns
In brief Panamanian lawmakers last month approved a law that would allow citizens to spend cryptocurrency. But the president of the Central American country is not in a hurry to pass the bill just yet...
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token ...
Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook
These market dynamics, though, have helped create some possible M&A opportunities because of the company’s size and funding, Levitt said. “We believe we’re well positioned for continued grow...
Treasury Secretary Yellen Says Stablecoins Pose Financial Stability Risks, Cites Collapse of TerraUSD (UST)
U.S. Secretary of the Treasury Janet Yellen is calling for legislation that will regulate stablecoins to eradicate the risks she believes they pose to financial stability. While testifying before the ...
Crypto Exchange Coinbase Forced To Back Out of India as CEO Brian Armstrong Cites Pressure From Central Bank
Crypto exchange Coinbase is backing out of a move to bring its services to India citing heavy pressure from the nation’s central bank. In the latest earnings call, Coinbase CEO Brian Armstrong says th...
The Fed cites its concern about stablecoins in its latest Financial Stability Report
The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to the volatility on commodities markets brought on by the Russian invasion of U...
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco – Regulation Bitcoin News
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten th...
Cramer cites 3 reasons why the market rallied on a day it had no business doing so
Wall Street should have been down Tuesday, yet the stock market had a great run. The usual suspects — tons of negative analyst notes, rising bond yields, mixed earnings, light housing data and spiking...
World Bank Cuts Global Growth Forecast, Cites Ukrainian War, Other Factors
According to the World Bank, factors including the war in Ukraine, fuel prices, and food shortages have caused a reduction in global growth. The World Bank recently lowered its annual global growth fo...
IPCC cites cryptocurrency as carbon emissions factor in landmark report
A new report from the Intergovernmental Panel on Climate Change (IPCC) released Monday contained dire warnings about future climate risks. The report from the IPCC, an intergovernmental panel within t...
EU Set to Vote On Critical Crypto AML Provision – Coinbase Cites Outright Ban On Non-Custodial Wallets ⋆ ZyCrypto
Advertisement     On Thursday, the EU will vote on a controversial crypto AML draft. Coinbase and industry players have called on the public to pressure lawmakers to c...
Thai SEC Bans Crypto Payments, Cites Negative Economy Impact
The Thai Securities and Exchange Commission (Thai SEC) said it has banned the use of cryptocurrencies as payment methods for goods and services, saying that it has a negative impact on the country’s f...
U.S. Defense Secretary Cites Russian ‘Missteps’ For Stalled Ukraine Invasion
Topline Secretary of Defense Lloyd Austin said Friday the Russian military has made a “number of missteps” in its invasion of Ukraine, suggesting Russia’s inability to rapidly take over the Ukrainian ...
Bitcoin, Avalanche, Polygon Rise After Fed’s Rate Hike As On-Chain Data Cites Super Bullish Factor ⋆ ZyCrypto
Advertisement     Key Takeaways Bitcoin, Avalanche, Polygon bounce from the FED’s rate hike. Bitcoin has already recorded decent gains following the announcement. Mar...
Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances
Circle, a major crypto payments infrastructure provider and stablecoin issuer, on Friday announced that it postponed the launch of its anticipated decentralized finance (DeFi) application programming ...
Victoria’s Secret (VSCO) reports Q4 2021 earnings; issues weak outlook; cites Ukraine
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret seesawed in after-hour hours trading Wednesday after the l...
Russian FX Dealer VTB Capital Forex Suspends Trading, Cites Sanctions
VTB Capital Forex, which is one of the four licensed Russian foreign exchange dealers, announced on Friday the suspension of all trading activities, citing anti-Russian sanctions. Though the Western g...
Uber CEO says rideshare company will accept crypto ‘at some point,’ cites transaction costs and environmental concerns
advertisement The chief executive of rideshare company Uber has said the firm “absolutely” will accept crypto in the future, but prefaced those remarks by saying such a move would only hap...
Before Senate, CFTC cites crypto as basis for biggest expansion since Dodd-Frank
The Commodity Futures Trading Commission wants to bring spot markets for cryptocurrencies into its regulatory regime, in what would potentially be its biggest expansion since the 2010 Dodd-Frank legis...
India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions – Regulation Bitcoin News
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in trans...
Consumer Reports Cites Only Ford, GM As Offering Effective Driver Monitoring Tech
Only Ford’s Blue Cruise and GM’s Super Cruise, pictured here, will earn those extra points in … [+] Consumer Reports’ annual Top Auto Picks for their driver monitoring features. General Mo...