QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’
The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019.
Posts published on May 12, 2023 go to media archive 1/3
Binance to Withdraw From Canadian Market Due to Regulatory Climate
Nifty News: Assassin’s Creed unveils ‘smart collectibles’, MechaFightClub winds down and more ….
NFT game MechaFightClub is shutting down due to the regulatory uncertainty in the U.S., while Yuga Lab’s new CEO has snapped up a BAYC NFT well over the floor price.
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks
In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket…
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida
On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids…
Bakkt delists majority of tokens from recently acquired Apex Crypto platform
The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”
Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar
The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding.
Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy
On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from…
Dogecoin Expected To Experience A Further 6% Decrease Prior to Initiating Recovery
In recent weeks, Dogecoin has faced a downward trend in its price momentum, largely due to the emergence of PEPE coin, which has overshadowed its popularity. Over the past 24 hours, DOGE has shown limited upward movement, with a mere 1% increase…
US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill
The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted.
U.S. Senators Introduce Bill Requiring Reports On El Salvador’s Bitcoin Adoption
A group of United States senators have introduced a bill requiring reports on the adoption of bitcoin as legal tender in El Salvador. The "Accountability for Cryptocurrency in El Salvador Act," introduced by Senator James Risch, Senator Bob…
Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap
Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…
Cosmos (ATOM) Shows Price Recovery In Response To New Update Reveal
Over the past few days, Cosmos Hub (ATOM) has demonstrated remarkable strength and resilience in its price fluctuations, despite significant downturns across the broader cryptocurrency markets due to shifts in trader sentiment. For three…
Binance calls it quits in Canada, blames new rules
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators.
Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind
While the U.S. Securities and Exchange Commission (SEC) continues to rain enforcement fire onto the crypto industry, Kraken’s chief legal officer, Marco Santori, says a specific legal doctrine could undermine the regulator’s authority.
Lido Community Weighing On-Chain Vote to Deploy Version 2 on Ethereum
If the governance vote passes, the latest iteration of Lido will come to the Ethereum blockchain, Lido’s biggest market.
LG Electronics files patent for NFT-trading TV
The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application.
House Democrats Consider New Stablecoin Bill Proposal: Source
House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.
Coinbase establishes advisory council with former US lawmakers
Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies.
Binance Announces Exit from Canada, Citing Regulatory Tensions
The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.
Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees
Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms.
Staking Platform Agility Soared After Ethereum’s Shapella Upgrade, but It’s Suffered Ever Since
Key metrics like total value locked (TVL) and the price of its AGI token have tumbled recently, following their post-Shapella runup.
Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours
Finality refers to the guarantee that a block cannot be altered and removed from the Ethereum blockchain.
Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’
Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at…
MakerDAO Massive Upgrade, A New Era For DeFi?
MakerDAO, the decentralized finance (DeFi) project behind the popular stablecoin DAI, has announced a major update called “Endgame.” Endgame is designed to enhance efficiency, resilience, and participation by applying fine-tuned AI tools to open…
MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token
Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.
Bitcoin Loses 10% on the Week as Memecoins Tumble
Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.