According to a report by Law360, a court overseeing the bankruptcy case of the company Celsius Network has given the company permission to sell newly-mined Bitcoin. This is a break for the troubled cryptocurrency lender Celsius Network. Despite initial objections, particularly those linked to the costs of Celsius’ Bitcoin mining activities, Judge Martin Glenn of … Read more
The catastrophic meltdown that occurred in the cryptocurrency market in May is still being investigated for its far-reaching consequences. Bitcoin mining company Stronghold disclosed yesterday in a quarterly earnings report that it had reached a deal with creditor New York Digital Investment Group (NYDIG) and another partaking broker to give back approximately 26,200 mining machinery … Read more
The SEC Has Filed Charges Against Dragonchain Regarding Its ICO That Raised 16.5 Million DRGN It is alleged that John Joseph Roets, along with his companies Dragonchain, the Dragonchain Foundation, and the Dragon Company, illegally solicited investors for a total of $16.5 million through the sale of crypto asset securities. SEC contends that Roets and … Read more
According to Chainalysis, the percentage of illegal cryptocurrency transactions has decreased by 15%. According to a new analysis published by the blockchain intelligence company Chainalysis, the volume of illegal activities involving cryptocurrencies has decreased by 15% in 2022. In comparison, the number of legitimate transactions has decreased by 36%. According to the research published by … Read more
According to Reports, the CEO of Celsius Took Dangerous Actions That Resulted in a Loss of $50 Million. Alex Mashinsky acquired control of the Celsius trading system a few months before the company went bankrupt. Concerning trading decisions and Frank van Etten’s involvement with the trading style, Mashinsky and Frank van Etten, the company’s previous … Read more
Cryptography policy non-profit organization Coin Center made the announcement today that it is getting ready to challenge the ban that the United States government has placed on Tornado Cash in court. The advocacy group, with its headquarters in Washington, District of Columbia, stated on Monday that the Office of Foreign Assets Control (OFAC) of the … Read more
The most prominent cryptocurrency trading platform just acquired a regulatory license that will allow it to function as a provider of digital asset services in the countries of France, Bahrain, Spain, and Dubai beginning in 2022. Binance, the most significant cryptocurrency exchange in Kazakhstan, has been granted permission to operate by the Astana Financial Services … Read more
Each stablecoin is taking its turns to plan its breakthrough plays as the competition between the two top stablecoins continues to see new rivalries every month. Therefore, to keep you up to date, below is the most recent fact check regarding the current standings of this ongoing battle. Stablecoins had a total market capitalization of … Read more
The Electronic Frontier Foundation Expresses Its “Deep Concern” About the Proposed Ban on Tornado Cash The Electronic Frontier Foundation (EFF), along with other crypto and privacy groups, has joined the chorus of those protesting the decision of the United States Treasury Department to implement sanctions that prevent individuals of the United States from utilizing the … Read more
American financial firms who desired to perform both crypto transactions and traditional banking services had, up until this point, been forced to choose one or the other path to take. That might shift in the near future. This afternoon, the Federal Reserve Board of Governors issued official guidelines to oversee the process by which “institutions … Read more