Category : EthereumWorldNews

EthereumWorldNews

Bitfinex Hack Suspect Given Go Ahead to Find New Job Before Trial – Report

Summary: Heather Morgan, accused of attempting to launder $3.6 billion worth of Bitcoin from the 2016 Bitfinex hack alongside her husband, has asked a judge to modify the conditions of her pre-trial release. Mr. Morgan requested to engage in legit...

CoinFLEX Resumes Crypto Trading With Limited Withdrawals of Up to 10% of User Funds

Summary: CoinFLEX has announced the resumption of crypto exchange trading services. However, withdrawals will be limited to 10% of user funds as 90% of all users’ assets are locked. The CoinFLEX crypto exchange has announced the resumption of pre...

President Putin Signs New Law Banning Bitcoin and Crypto as a Means of Payment in Russia

Summary: President Vladimir Putin has signed into law a new bill banning the use of Bitcoin and cryptocurrencies as a form of payment within Russia. Crypto service providers must now reject any transactions that can potentially lead to using digit...

Ethereum Merge Date Set For September 19 (Tentative)

Summary: Ethereum developers suggest that The Merge could happen on September 19. The date was disclosed during a developers’ meeting this week led by Tim Beiko. September 19 remains an unofficial date for the transition and the timeline could cha...

Three Arrows Capital (3AC) Liquidators Call On Singapore Authorities To Align With BVI Court Order: Strait Times

Summary: Three Arrows Capital liquidator Teneo Restructuring has hired WongPartnership LLP to handle petition efforts in Singapore. The move is geared toward securing approval from a Singapore High Court to preserve 3AC assets on behalf of credito...

CFTC Adds 34 Crypto Entities to the RED List

The Commodity Futures Trading Commission has added 34 crypto entities to its RED list. The entities were added to the list because they have not registered with the agency. The CFTC and other U.S. financial regulators are currently working on regu...

OpenSea Lays 20% Of Its Staff, While Rival LooksRare Says It’s Hiring More People

OpenSea’s co-founder Devin Finzer announces that they are laying off 20% of the OpenSea staff. The firm will be helping its employees find a new jobs and will also be offering them several benefits including a generous severance pay option. The...

OpenSea Lays Off 20% Of Its Staff, While Rival LooksRare Says It’s Hiring More People

Celsius Network’s Assets Could Be Locked for a Long Long Time Like Mt. Gox’s Crypto, Says Bitfinex Whale.

Summary: Bitfinex Bitcoin whale, Joe007, has warned that Celsius Network’s assets could be locked for a ‘long long time’ just like Mt. Gox’s crypto has been locked since 2014. Celsius Network has filed for Chapter 11 bankruptcy. Bitfinex Bitcoin...

Sandbox Partners With Tony Hawk To Build the Largest Skatepark in the Metaverse

Summary: Sandbox has announced a partnership with the skateboarding legend Tony Hawk to build the biggest skatepark in the Metaverse. Autograph NFTs will provide additional access to Tony Hawk’s LANDs on Sandbox. Sandbox has bagged significant Met...

Shanghai’s Government Warms Up to NFTs, Recommends the Exploration and Building of Their Trading Platforms

Summary: The government of Shanghai seems to be warming up to NFTs. It has recommended the exploration and development of NFT trading platforms. Shanghai’s government sees NFTs as a means of protecting Intellectual Property and digital rights. How...

GeckoCon Insights: DeFi’s Next Phase of Growth Will Come From Solana, Avalanche, and Other Chains

Summary: Today is the first day of CoinGecko’s 2022 GeckoCon which will run from the 14th to the 15th of July (9 am to 3 pm EST). This year’s GeckoCon will focus on how Web3 will empower the decentralized future. One of the sessions today discusse...

India’s Crypto Advocacy Council Disbanded After 5 Years Of Lobbying

Summary: The Blockchain and Crypto Assets Council has shut down effective immediately. BACC’s parent organization, Internet & Mobile Association of India (IAMAI), decided to close the group and prioritize non-crypto industries. The IAMAI has r...

OKX Wins Provisional Crypto License In The UAE

Summary: Dubai’s regulatory body granted provisional approval to OKX. The crypto exchange has bagged a virtual asset license and can offer trading facilities to investors in the United Araba Emirates. OKX also plans to open a regional headquarters...

Celo Halts Blockchain Hours As Validators Work on Identifying Issue

Celo has halted its blockchain, and validators are investigating the issue. Uniswap v3 was deployed on the Celo network hours before, though there is no confirmation whether this was related. The Uniswap and Celo collaboration is focused on regene...

Celsius Network Files For Chapter 11 Bankruptcy

Celsius network released a statement on Wednesday stating that it has filed for chapter 11 bankruptcy The firm will continue to stay operational and has $167 million in cash to proceed with further developments. After going through multiple trib...

Michael Saylor: US Inflation is +9.1%, It’s Only a Matter of Time Before The World Discovers 1 BTC = 1 BTC.

Summary: Michael Saylor has pointed out that the US dollar continues to gain value as annual inflation has hit 9.1%. He adds that other global currencies continue to weaken against the USD, and it is only a matter of time before the world discover...

Disney Chooses Polygon (MATIC) To Participate in its Accelerator Program Focusing on NFTs, AI and AR

Summary: Disney has invited Polygon (MATIC) to participate in its 2022 Accelerator Program, focusing on NFTs, AI, and Augmented Reality. Polygon (MATIC) is the only blockchain project selected in a list of six. The world-renowned Walt Disney comp...

Grayscale Expands its List of Assets Under Consideration, Adding Apecoin, CRO and KNC

Summary: Grayscale has added Apecoin (APE), Cronos (CRO), and Kyber Network Crystal (KNC) to its list of assets under consideration. The crypto-focused Wall Street Investment Firm known as Grayscale has expanded its list of assets under considera...

Ryder Ripps Lawyers Up For $100 Billion Settlement In Yuga Labs Legal Battle

Summary: The conceptual artist hired legal counsel from WilmerHale, a reputable law firm with offices across three continents. Ripps made the move ahead of a court case with Bored Ape Yacht Club creators Yuga Labs. The artist supposedly has eyes o...

Coinbase CEO Details Operational Efficiency Plans Despite Recent Employee Layoffs

Brian Armstrong spoke of operational efficiency in a Twitter thread and blog post. Coinbase has had to rethink its operational philosophy as it attempts to scale. The exchange’s stock COIN has had a tough time in 2022, but the company continues to...

Vermont Regulator Says Celsius Network Is Likely To Be “Deeply” Insolvent

Vermont Department of Financial Regulation believes that Celsius Network is most likely to be insolvent The DFR issued a comprehensive statement, adding that Celsius Network lacks the required assets to pay back its creditors. On July 12, the Ve...

BlockFi Should Not be Mentioned Alongside Crisis-Hit Voyager and Celsius Network, Says CEO

Summary: BlockFi CEO has requested crypto journalists and market commentators, not to mention the company alongside Voyager Digital and Celsius Network. He states that BlockFi has remained financially functional while Voyager and Celsius have not....

CZ Defends His Tweet on Uniswap V3’s Potential Exploit, Says Speed is of the Essence When Dealing With Security Issues

Summary: CZ has defended his earlier tweet announcing a possible exploit on Unsiwap V3 that was later confirmed as being a false positive. According to CZ, he would rather be wrong than risk people losing money. He added that ‘speed is of the esse...

Magic Eden Starts Venture Investment Arm To Support Web3 And NFT Gaming Startups

Summary: Solana’s biggest non fungible marketplace plans to bolster startups focused on web3 game projects. The platform has launched a dedicated venture department dubbed Magic Ventures to this effect. Former Tencent Games’ Tony Zhao will lead Ma...

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