Moody’s Corporation, a prominent financial organization, is reportedly operating on a scoring system covering nearly 20 stablecoins. The respective project will be focused on evaluating the quality of the stablecoins’ reserves attestation, as reported by Bloomberg. The news outlet cited the person…
Pantera Capital, a prominent hedge fund in the crypto space, states that a significant role will be played by decentralized finance (DeFi) in the upcoming bull run. Joey Krug, the chief investment officer of Pantera commented on this in the exclusive newsletter…
The US Securities and Exchange Commission (SEC) halted Bitcoin advancement across the country with its enforced regulatory measures, as per the Grayscale Investments’ CEO. The Wall Street Journal recently published a letter in which the CEO remarked on the SEC’s role as…
Thani Al-Zeyoudi, the foreign trade minister of state in UAE, has stated that crypto can play a significant role in leveling up the worldwide trade of the United Arab Emirates. While talking to Bloomberg in Davos Switzerland, he provided his opinion on…
The North Korean hacker group named Lazarus Group has moved 41,000 ETH (nearly $63.9 billion) which was swindled from Harmony Bridge in an exploit in 2022. The hackers have sent the stolen funds to the crypto exchanges named Huobi, OKX, and Binance,…
The previous year had posed a lot of challenges to the crypto industry. They included liquidity issues, huge declines in top assets’ value, as well as a great number of bankruptcies. The market additionally went through several security threats with hackers stealing…
The Cabinet of the United Arab Emirates (UAE) has determined to approve an exclusive bill to administer virtual assets. The bill recommends the organization of the earliest regulatory era for the crypto world in the country. In advance of the federal-scale regulation,…
Crypto.com, a crypto wallet provider and exchange, has delisted Tether (the leading stablecoin) on its platform in Canada. The company recently sent an email to consumers living in Canada and notified them that it will not support the prominent stablecoin from the…
SuperRare, a marketplace for curated non-fungible tokens (NFTs), has minimized its employees by up to 30%, as stated by John Crain (its CEO) on Friday. This decision shows that the crypto winter is posing an extreme impact on the industry as several…
The TON Foundation, which is considered to be a non-commercial set of people contributing at the back of the blockchain called The Open Network (TON), has released TON Storage. The project is a decentralized solution for data storage and file sharing analogous…
Though the markets are presently going through a hard correction, retailers who intend to embrace crypto payments are increasing in number. Subsequently, a steady rise is being witnessed in the overall volume of crypto buyouts carried out online in the sector of…
Crypto has gained a lot of fame across the globe in recent times. Countries around the world, whether small or large, are endeavoring to adopt crypto and blockchain technologies into the economy to get spread digitalization worldwide. Many central banks are pursuing…
Midas, a custodial investment company, will shut down its activities due to a shortfall of up to $63.3M in its DeFi portfolio. Iakov Levin (the CEO and founder of Midas), who is also famous by the name “Trevor,” stated noted that the…
Sam Bankman-Fried (SBF), the founder of FTX, has been provided free advice by Martin Shkreli (a white-collar criminal in the past going by the name “Pharma Bro”) to survive in federal prison. Shkreli spent nearly 4 years in prison for securities fraud…
Vitalik Buterin (a computer scientist and co-founder of Ethereum) has discussed what he considers the 3 top opportunities to be witnessed in the crypto world at the current time. While appearing in an interview, Buterin stated that the creation of wallets that…
Twitter, a well-known social media company, has incorporated an exclusive feature in its search tab to let consumers search the value of the top crypto tokens Ether (ETH) and Bitcoin (BTC) just by entering their tickers or titles. The latest service is…
Core Scientific Inc., a giant in Bitcoin mining, has submitted a Chapter 11 bankruptcy filing in the US Bankruptcy Court for the Southern District of Texas. The liabilities of the mining platform are likely between $1B and $10B. The bankruptcy submission disclosed…
Alameda Research Ex-CEO Caroline Ellison and Gary Wang, the FTX co-founder, have pleaded guilty to charges filed against them. On Wednesday, U.S. Attorney Damian Williams announced that the pair was ready to cooperate in the investigation into FTX’s sudden collapse. The Security…
Binance.US remained successful in winning the bid to obtain the assets of Voyager (the defunct crypto company). Voyager declared that the top bidder was Binance.US and the bid’s value was approximately $1.022 billion. The target of the bid is to be returned…
A class-action legal case proposes that a significant role has been played by Silvergate in the alleged scam that took place at FTX (the crypto exchange of Sam Bankman-Fried). The petitioners assert that the crypto bank has also been responsible for the…
