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Feb 11, 2023 5:30 AM (2 years ago)

Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons

Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing…
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Feb 11, 2023 1:30 AM (2 years ago)

JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol

JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might…
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Feb 10, 2023 11:30 PM (2 years ago)

State-backed Crypto Mining Farm under Construction in Russia’s Buryatia

A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of…
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Feb 10, 2023 9:30 PM (2 years ago)

Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force

A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different…
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Feb 10, 2023 7:30 PM (2 years ago)

Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’

Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need…
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Feb 10, 2023 3:30 PM (2 years ago)

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered…
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Feb 10, 2023 1:30 PM (2 years ago)

Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program

The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service…
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Feb 10, 2023 11:30 AM (2 years ago)

Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy

Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about…
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Feb 10, 2023 9:00 AM (2 years ago)

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S…
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Feb 10, 2023 6:30 AM (2 years ago)

Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US

A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in…
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Feb 10, 2023 3:30 AM (2 years ago)

Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation

Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of…
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Feb 10, 2023 1:30 AM (2 years ago)

Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real

The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this…
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Feb 9, 2023 11:30 PM (2 years ago)

Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank

The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective…
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Feb 9, 2023 10:00 PM (2 years ago)

Moonpay and Looksrare Partner to Bring Convenient NFT Purchasing to the Masses

On Thursday, the fiat-to-crypto onramp business Moonpay announced a multi-year partnership with the non-fungible token (NFT) marketplace Looksrare. According to the deal, Looksrare will allow marketplace users to buy and sell crypto assets through…
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Feb 9, 2023 8:30 PM (2 years ago)

French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit

French luxury brand Hermes has won a lawsuit against an artist who depicted its famous Birkin bags in a non-fungible token (NFT) collection. The artist argued that NFTs should be covered under the U.S. Constitution’s First Amendment but the…
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Feb 9, 2023 7:00 PM (2 years ago)

Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation

Several Federal Reserve governors and presidents say that more interest rate hikes are needed to curb inflation. “We are not done yet with raising interest rates,” Fed Governor Lisa Cook said. “We need to raise rates aggressively…
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Feb 9, 2023 5:30 PM (2 years ago)

Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner

The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Coldcard Q1, which features a QWERTY keyboard and QR code scanner. Coinkite details that the battery-powered device utilizes the same security model as…
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Feb 9, 2023 4:30 PM (2 years ago)

Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits

Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open…
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Feb 9, 2023 3:38 PM (2 years ago)

Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC

Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services…
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Feb 9, 2023 2:30 PM (2 years ago)

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…
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Feb 9, 2023 1:00 PM (2 years ago)

Major Crypto ATM Operator Coin Cloud Files for Bankruptcy

One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also…
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Feb 9, 2023 11:30 AM (2 years ago)

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a…
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