Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Coinbase has stated that it has no financial exposure to Three Arrows Capital, Celsius Network, Voyager Digital, or any crypto company that has collapsed in the last few months. Coinbase points out that these crypto firms’ issues were ‘fo...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could also be slo...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Polygon has unveiled zkEVM, a layer 2 scaling solution that users zero-knowledge proofs to scale and reduce transaction costs on Ethereum. Polygon’s co-founder, Mihailo Bjelic, has described zkEVM as the ‘holy grail of Web3 infrastructure...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Investigations into Terra’s collapse continue with fresh efforts from local authorities. South Korean prosecutors raided seven exchanges on Wednesday as part of a probe into the matter. Documents and transaction records from the offices o...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Asian-based crypto exchange Zipmex has paused withdrawal effective immediately. Financial difficulties and volatile market conditions were cited as the primary reasons behind the decisions. The company could be insolvent although company...
Cryptocoins News / EthereumWorldNews - 2 years ago
Senator Lummis made the remarks at the Bloomberg Crypto Summit. The crypto bill will have to be reviewed by multiple Senate committees. In any case, the U.S. is rapidly accelerating its crypto regulation efforts. Wyoming Senator Cynthia Lummis, s...
Cryptocoins News / EthereumWorldNews - 2 years ago
NFT influencer Zeneca’s account was hacked in a phishing scam The hacker posted a fake airdrop message to trick users into connecting their wallets with the malicious link The impact of the attack is yet to be revealed. NFT phishing attacks are...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Ripple’s General Counsel, Stuart Alderoty, has pointed out that no country, including the United States, has determined that XRP is a security. Mr. Alderoty was responding to comments by US Representative Brad Sherman urging the SEC to go...
Cryptocoins News / EthereumWorldNews - 2 years ago
In brief: Judge Kathaleen McCormick, who is handling the Twitter lawsuit against Elon Musk, has set an October hearing for the case. Elon Musk, through his lawyers, had sought to push the lawsuit to February 2023. Judge McCormick’s decision was ma...
Cryptocoins News / EthereumWorldNews - 2 years ago
In brief: The team at Grayscale has forecasted that Bitcoin could see another five to six months of downward or sideways price movement. The Grayscale team cites the traditional 4-year Bitcoin and crypto cycle as their basis for the conclusion. Th...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Bitcoin proponent Mike Novogratz reaffirmed his infamous “$500K in 5 years” prediction during the Bloomberg Crypto Summit. Novogratz made similar remarks back in March a few weeks before the markets tanked. Since his March comments, Bitco...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Major exchange Crypto.com has won a license to operate virtual asset services in Italy. The approval was granted by the Organismo Agenti e Mediatori (OAM), Italy’s top financial watchdog. Binance received similar approval from Italy’s reg...
Cryptocoins News / EthereumWorldNews - 2 years ago
Creditors participated in a liquidator meeting on July 18. One attendee posted information from the meeting, saying that the claims were as much as $2.8 billion. The claims may very well increase, as some have not yet made or quantified their clai...
Cryptocoins News / EthereumWorldNews - 2 years ago
Celsius’s debut bankruptcy hearing introduces alternatives for users to retrieve their funds back. The firm plans to make use of Bitcoin mining operations and third-party asset sales to accumulate funds and pay back its debt. After halting its...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Gemini exchange has allegedly laid off 7% of its staff, with potentially more on the way. The crypto exchange is laying off staff due to ‘extreme cost-cutting.’ This marks the second round of lay-offs after Gemini reduced its workforce by...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Genesis Trading allegedly lent Three Arrows Capital $2.36 billion. Estimates had earlier put Genesis Trading’s losses due to exposure to Three Arrows Capital in the ‘hundreds of millions.’ Three Arrows Capital’s bankruptcy claims have hal...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear markets. BTC gaining in t...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Three Arrows Capital co-founder Su Zhu is supposedly among the 3AC creditors. Zhu has filed a claim worth $5 million against the very same company that he founded alongside Kyle Davies, per reports. The news was shared via Twitter by a us...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Binance was fined by the Dutch Central Bank on Monday for not registering its operations with the regulator. The fine imposed for violations is in the amount of €3.3 million, roughly $3.4 million in USD. Violations include not paying taxe...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Binance was fined by the Dutch Central Bank on Monday for not registering its operations with the regulator. The fine imposed is in the amount of €3.3 million, roughly $3.4 million in USD. Binance previously received a warning from the wa...
Cryptocoins News / EthereumWorldNews - 2 years ago
Coinbase has received approval from Italian authorities to continue operations. The exchange has been keen on meeting regulatory requirements in different jurisdictions. Other exchanges are also focused on meeting the requirements of lawmakers to...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Three Arrows Capital liquidators have a meeting set for July 18, 2022. This is the first time 3AC creditors are scheduled to meet and discuss proceedings. Teneo Restructuring will lead the meeting as the appointed liquidator by a British...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Bitcoin is set to serve as a reserve asset in the Central African Republic. The leading coin was recently approved as legal tender in the African state following a proposal from key lawmakers. CAR also launched its Sango coin and sidechai...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Bitcoin miners sold an estimated 14,600 BTC in June. This amount was a 400% increment from May. Continuous selling of BTC by Bitcoin miners is hinting at capitulation. According to JP Morgan, Bitcoin production cost could have dropped to...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Elon Musk’s lawyers are looking to push the lawsuit Twitter filed against him to February 2023. Twitter has been pushing for a speedy trial stating that it only needed four days to prove that Elon Musk should follow through with his agree...
