Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.” In a Monday ...
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Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems
Poolin, a cryptocurrency mining pool provider headquartered in Beijing, China, announced Monday that it had suspended withdrawals from its crypto wallet service, which signals serious trouble within t...
dYdX Ends Controversial Promo Citing ‘Overwhelming Demand’ – crypto.news
dYdX, a decentralized exchange for crypto derivatives, says it has ended its $25 first deposit bonus program. When the exchange made the announcement, folks criticized it for requiring new users to sh...
Bitcoin Mining Firm Compass Mining Has Georgia Sites Shuttered, Citing High Energy Costs
Compass Mining, a Bitcoin (BTC) mining rig service, was notified that the owner of lucrative mining hubs 2 and 3 located in Georgia would shut down amid rising energy costs. Since Compass sells Bitco...
Paraguay’s President Vetoes Crypto Mining Law, Citing ‘Massive’ Energy Cost
On Monday, Paraguay’s president, Mario Abdo Benítez, vetoed a bill that would have regulated various digital asset activities, including the commercialization of crypto mining in the country. “The Exe...
Elon Musk Outlines New Reasons to End Twitter Deal Citing Whistleblower – Featured Bitcoin News
Tesla CEO Elon Musk has outlined new reasons to terminate the $44 billion deal to buy Twitter in a new filing with the U.S. Securities and Exchange Commission (SEC). Citing a whistleblower report, Mus...
Top Analyst Issues New Bitcoin Alert, Citing Historical Crypto Price Action in September
A closely tracked crypto strategist warns that the incoming month has a track record of being unfriendly to the price of Bitcoin (BTC). The pseudonymous analyst known in the industry as Rager tells hi...
Thailand’s SCB Scraps Bitkub Takeover Deal Citing Regulatory Issues
Thailand’s oldest lender has pulled out of a $500 million deal to buy cryptocurrency exchange Bitkub, which had been delayed since July. According to Reuters, SCBX, the parent company of Siam Commerci...
Tencent’s Huanhe NFT Platform Shutting Down Operations Citing Uncertain Regulations.
Crypto space in China had faced the worst since the authorities banned cryptocurrencies and all related operations across the region. Users of crypto assets and non-fungible tokens within the country ...
Tencent Shuts Down China NFT Platform Citing Increasing Scrutiny
Chinese social media giant Tencent Holdings has closed its non-fungible tokens (NFT) platform Huanhe after just one year of operation. The move comes as regulatory scrutiny of NFTs mounts in the count...
Galaxy Digital terminates BitGo acquisition, citing breach of contract
After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminate...
Blockchain Services Firm Eqonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume
“As a young and maturing financial-services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,”...
BlueBenx fires employees, halts funds withdrawal citing $32M hack
BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real...
World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients – Featured Bitcoin News
The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some ins...
U.S. Treasury Bans Tornado Cash Citing Links to Lazarus Hacking Group – crypto.news
Recent reports indicate that the U.S. treasury added several Tornado Cash Ethereum addresses to OFAC’s SDN list. According to reports, Lazarus hackers used the listed addresses in Axie Infinity’s hack...
Singapore Crypto Lender Hodlnaut Suspends Withdrawals, Citing Tough Market Conditions
Singapore-based cryptocurrency lending and borrowing platform Hodlnaut announced on Monday that it had suspended customer withdrawals, swaps, and deposits. The firm cited “difficult market conditions”...
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’ – Coinotizia
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of ...
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’ – Economics Bitcoin News
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of ...
Singapore-Based Hodlnaut Halts Withdrawals Citing ‘Market Conditions’
Crypto lender Hodlnaut has halted withdrawals, token swaps, and deposits for its users. The Singapore-based platform stated that it reached this “difficult decision” on the back of recent “market cond...
WB Says They Have Another 10-Year DC Plan, Citing Safe Projects Like ‘The Flash’
The Flash WB The much-hyped WB Discovery earnings call was yesterday, and while the news appeared to be a bit less dire than initially forecast, aka maybe every HBO Max show is not being killed, one t...
Rafael Nadal Withdraws From Montreal, Citing Abdominal Injury
LONDON, ENGLAND – JULY 04: Rafael Nadal (ESP) puts on a jacket over a taped up section of his … [+] stomach during day eight of The Championships Wimbledon 2022 at All England Lawn Tennis ...
Portuguese banks shutting crypto accounts citing risk management concerns
Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to “risk management” concerns, suggesting a shift in Portugal’s pro-crypto ...
Bank of America Dismisses Assertion That Blockchains Have no Intrinsic Value, Citing Transaction Fees
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Robinhood cuts a further 23% of its workforce citing “Broad Crypto Market Crash”
Robinhood Markets Inc. (NASDAQ: HOOD), on Tuesday, announced that it will have to lay off a further 23% of its workforce after laying off 9% at the beginning of this year. The online brokerage firm bl...
Robinhood to Reduce its Workforce by 23%, Citing Broad Crypto Market Crash
The Co-Founder and CEO of Robinhood – Vlad Tenev – said the company will lay off approximately 23% of its staff due to the adverse ongoing macroeconomic conditions, including the record inflation in t...
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform’s v3 Fantom market. Created in 2018, Fantom is a di...
CFTC poaches Pantera Capital’s legal counsel, citing digital asset experience
Commodity Futures Trading Commission (CFTC) commissioner Goldsmith Romero cited Joe Cisewski’s experience in digital assets as a key reason behind onboarding him as chief of staff and senior counsel. ...
Twitter Cancels Q2 Earnings Call, Citing Elon Musk’s ‘Pending Acquisition’
Twitter, Inc canceled this month’s quarterly earnings call today, citing its ongoing litigation against Elon Musk, the billionaire CEO of Tesla, whose beleaguered attempt to withdraw from a planned mu...
Blockchain.com Cuts 25% of Staff Citing Harsh Market Conditions
Cryptocurrency firm Blockchain.com is laying off 25% of its staff, equating to about 150 roles according to reports by CNBC. The company is said to have had significant exposure to the now bankrupt cr...