Category: Cryptocurrency

Dutch Central Bank grants Coinbase regulatory approval to operate in the Netherlands

September 23, 2022

Coinbase announced on Thursday that it has been granted approval to operate as a cryptocurrency service provider in the Netherlands.  The US-based crypto exchange is now registered with the Dutch Central Bank, which is known locally as the DNB or De Nederlandsche Bank.  This development makes Coinbase the world’s first major international cryptocurrency exchange to […]

Coinflex putting together restructuring plan that would give creditors control

September 23, 2022

The cryptocurrency exchange is struggling to stay intact following the drop in the market Beleaguered cryptocurrency exchange CoinFlex has launched a restructuring plan more than a month after filing the same in a Seychelles court. It was one of several companies to restructure following the cryptocurrency collapse earlier this year. The firm has proposed a […]

Tether ordered to prepare full accounting of its USDT backing

September 22, 2022

For years, Tether has avoided proving its stablecoin is backed by real currency Recent reports indicate that a US District Court judge for the Southern District of New York has ordered Tether to produce documents showing USDT’s backing, as part of a lawsuit alleging that the firm manipulated cryptocurrency markets. The order requires Tether to […]

Cryptocurrency market maker Wintermute loses $160M in theft

September 21, 2022

The DeFI platform allegedly suffered a hack that may cost users millions Wintermute calls itself “one of the largest players” in the global cryptocurrency market. The firm claims to manage “hundreds of millions” in assets and trades more than $5 billion per day. Its founder and CEO, Evgeny Gaevoy, goes by “wishful cynic” on his […]

Colorado residents can now make tax payments in crypto

September 21, 2022

As Bitcoin and other crypto assets flirt with 52-week lows, it’s not all bad news for fans of the blockchain—at least in the State of Colorado. Governor Jared Polis just announced that residents of the state will be able to pay their taxes using crypto. The announcement comes as Colorado’s capital hosts Denver Startup Week. […]

Icebreaker Finance launches $300 Million pool for crypto miners through Maple Finance

September 21, 2022

Maple Finance and Icebreaker Finance announced today that they are providing $300 million in funding to bitcoin mining firms.  That cash comes in the form of secured debt financing and will be available to both private and public entities that are located in North America and Australia. To qualify, loan applicants must meet power strategies […]

Video games are coming to the Bitcoin blockchain

September 20, 2022

Several well-known video games are being recreated on the blockchain If you are a fan of games like Snake, Solitaire, or even Counter-Strike, you can make use of your skills to earn Satoshis, small fractions of Bitcoin (BTC). It seems that gaming companies Thndr and Zebedee are taking advantage of the Lighting Network (LN) boom […]

UK regulator warns public against FTX crypto exchange

September 20, 2022

The Financial Conduct Authority of the United Kingdom has warned the public that a popular cryptocurrency exchange lacks authorization to operate in the UK.  The UK Financial Conduct Authority made it known that FTX—which was co-founded by American Entrepreneur Sam Bankman-Fried and is currently based in the Bahamas—is not allowed to offer financial services or […]

Coinbase targets US lawmakers with new feature in advance of U.S. elections

September 20, 2022

Coinbase is getting political.  The popular cryptocurrency exchange is rolling out a new feature that will help its users know whether local politicians are crypto-friendly. With November’s mid-term elections just weeks away, Coinbase users can take advantage of a new scorecard feature that will let them know where lawmakers stand.  With information at the disposal […]

The Blockchain Association is unhappy with cryptocurrency framework on Capitol Hill

September 19, 2022

The cryptocurrency support group thinks the government is focusing too much on the wrong issues The White House released last Friday the “first comprehensive framework for the responsible development of digital assets,” outlining the findings and recommendations of several federal agencies after six months of study of the cryptocurrency industry. Members of the crypto space […]

The Ethereum Merge is complete; blockchain now proof-of-stake

September 16, 2022

The change will reportedly make the Ethereum blockchain more environmentally-friendly After a long waiting period and several delays, Ethereum’s fusion has finally been completed. The network upgrade, known as “The Merge,” will switch from the Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism. The milestone was reached yesterday at 06:43 UTC. This could be seen through […]

Google Cloud, BNB Chain collaborate on Web3 programs

September 15, 2022

Web3 and NFT options are coming, and BNB Chain hopes to be on the front line Google Cloud, the technology giant’s cloud development arm, recently announced the formation of a partnership with the BNB Chain team to promote startup development in the Web3 sector. Such a joining of forces opens the door of the Google […]

Starbucks adding NFTs to its popular rewards program

September 15, 2022

Starbucks is getting into the non-fungible token business.  During the coffee giant’s investor day, the company revealed that it will launch Starbucks Odyssey later this year.  The new initiative will make use of Web3 technology and enable customers to purchase and earn NFTs through the popular Starbucks Rewards program. Speaking about the launch of Starbucks […]

Wall Street is getting in on cryptocurrency exchanges with an on-chain settlement option

September 14, 2022

Despite market resistance, several Wall Street experts see a bright future for cryptocurrency Renowned financial firms have begun to join forces to bring to life EDX Markets (EDXM), a new exchange that is set to revolutionize the landscape. It will start trading digital assets through trusted intermediaries. Many of these top names in the finance […]

Cryptocurrency exchange Huobi to delist a number of tokens over regulatory concerns

September 13, 2022

The move follows similar activity seen on it and other exchanges in recent months Privacy cryptocurrencies allow users to remain anonymous on the blockchain, unlike other cryptos such as Bitcoin or Ethereum, which are pseudo-anonymous. However, this high degree of privacy is of utter displeasure to regulators. Certainly, privacy cryptocurrencies favor money laundering and terrorist […]

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