427 / 443 Relevant items tagged with #News
Posts: 13,275
Posts
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
[Feb 13, 2023 3:30 PM] Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in…
Bakkt Shifts Focus to B2B Technology Solutions, Plans to Discontinue Consumer App
[Feb 13, 2023 11:30 AM] Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users…
Brazilians Will Be Able to Pay Taxes With Crypto
[Feb 13, 2023 9:30 AM] Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a…
Hackers Attack Domain Registrar Namecheap; Flood of DHL and Metamask Phishing Emails Follow
[Feb 13, 2023 8:00 AM] On Sunday, Feb. 12, 2023, the domain registrar Namecheap’s email account was compromised by hackers. Subsequently, a large number of individuals received phishing emails claiming to be from Metamask and DHL. These emails originated from the…
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
[Feb 13, 2023 6:03 AM] According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor…
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
[Feb 13, 2023 3:00 AM] Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another…
US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles
[Feb 12, 2023 11:00 PM] A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows…
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
[Feb 12, 2023 3:00 PM] Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB…
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest
[Feb 12, 2023 11:00 AM] On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about…
Seoul Sanctions North Korea Over Crypto Theft
[Feb 12, 2023 5:00 AM] South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile…
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
[Feb 12, 2023 3:00 AM] According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of…
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…
Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023
[Feb 11, 2023 11:30 AM] As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the…
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
[Feb 11, 2023 5:30 AM] 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…
JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol
[Feb 11, 2023 1:30 AM] 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…
Bitcoin Miner BitNile Relocates 6,572 Bitcoin Miners To Michigan
[Feb 10, 2023 2:51 PM] BitNile is relocating more than 6,500 Bitcoin miners as a result of Compute North’s bankruptcy.Ault Alliance, a diversified holding company, announced that its subsidiary, BitNile, is moving 6,572 Bitcoin miners from a hosting facility in Texas to…
Bitcoin NFTs Protocol Ordinals Nears 50,000 Inscriptions
[Feb 10, 2023 1:17 PM] With the introduction of Ordinals, Bitcoiners have now inscripted more than 45,000 NFTs directly onto the Bitcoin blockchain.Bitcoin is nearing 50,000 inscriptions on the Bitcoin blockchain. From Bitcoin Punks to audio recordings of farts, the…
Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy
[Feb 10, 2023 11:30 AM] 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…
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
[Feb 10, 2023 6:30 AM] 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…
Moonpay and Looksrare Partner to Bring Convenient NFT Purchasing to the Masses
[Feb 9, 2023 10:00 PM] 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…
Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner
[Feb 9, 2023 5:30 PM] 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…
Crypto Exchange Kraken Settles With SEC Over Unregistered Staking Services
[Feb 9, 2023 2:59 PM] The Securities and Exchange Commission (SEC) has charged Kraken with failing to register their crypto asset staking-as-a-service program.The Securities and Exchange Commission (SEC) has charged Payward Ventures, Inc. and Payward Trading Ltd…
Bitcoin Exchange LocalBitcoins To Shut Down, Citing Market Conditions
[Feb 9, 2023 12:23 PM] According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February 2023.LocalBitcoins has announced that the exchange will be closed for service by the end of February. The long-time…
Coinkite Launches Its New Flagship Bitcoin Hardware Wallet Coldcard Q1
[Feb 9, 2023 9:20 AM] The new COLDCARD improves upon the Mk4 by adding a QWERTY keyboard, a big LCD screen, and a QR code scanner.Bitcoin hardware company Coinkite is launching a new higher-end COLDCARD, featuring a full QWERTY keyboard, a larger LCD screen and a QR…
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
UK Court Rules Craig Wright Has No Copyright Claim On Bitcoin
[Feb 8, 2023 3:21 PM] The ruling is the latest in a string of court cases that have ended with a decision against Craig Wright.A United Kingdom court has ruled against Craig Wright, indicating that he has no copyright claim over Bitcoin’s code.According to the Tuesday…
Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days
[Feb 8, 2023 2:30 PM] Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital…
Pouch.ph And Coins.ph To Host The Philippines’ First-Ever Bitcoin Island Retreat In Boracay
[Feb 8, 2023 1:55 PM] The retreat will bring together key players in the Bitcoin industry and provide attendees with an opportunity to network, discuss Bitcoin and win a BTC bounty.Payments processor Pouch.ph and exchange Coins.ph, two leading players in the…
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
[Feb 8, 2023 12:30 PM] According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via…