Li intends to sell sixty percent of his investment in Huobi for one billion dollars. Following the publication of the Bloomberg report, the price of HT shares increased by over 25 percent, reaching $5.43. The potential buyers reportedly include Justin Sun and Sam Bankman-Fried of FTX. Leon Li, the founder of the leading cryptocurrency exchange … Read more
A rollout of an official digital version of the ruble is scheduled to take place over the next few years, and the Bank of Russia is continuing its efforts toward the coming implementation of the central bank digital currency (CBDC). The most recent update to the Bank of Russia’s monetary policy indicates that the regulatory … Read more
Tornado Cash, one of the most popular cryptocurrencies mixing platforms in the globe, has been given the green light by the United States Treasury Department. The penalties state that the cryptocurrency mixer is not permitted to provide transaction services to individuals in the United States. It is anticipated that the assets of the platform, which … Read more
Hodlnaut, a cryptocurrency lender based in Singapore, has suspended withdrawals due to difficult market conditions. On Monday, the cryptocurrency lending & borrowing platform Hodlnaut, which is based in Singapore, made the announcement that it has temporarily halted client withdrawals, exchanges, and deposits. The company stated that the move was prompted by “challenging market conditions” as … Read more
There were 105 websites that were taken down because they promoted the marketing of virtual currencies, published explainers on cross-border currency speculation, and pushed explainers on mining virtual currencies. Weibo and Baidu, two of the largest social media platforms in China, have each terminated 12,000 fraudulent accounts that promoted the purchase of virtual money. Users … Read more
The cryptocurrency exchange Zipmex will reopen its withdrawal services for bitcoin and ether. After temporarily banning withdrawals in July, troubled cryptocurrency exchange Zipmex has scheduled the release of Ethereum and Bitcoin for the 11th and 16th of August, respectively, according to a notice made by the company. In accordance with the notification, “We will be … Read more
The Reserve Bank of Australia (RBA) has initiated a trial that will last for one full year in order to investigate the business models and novel applications of central bank digital currencies (CBDCs). The Australian central bank emphasized that the pilot project’s primary objective was to gain a deeper understanding of the regulatory, legal, and … Read more
On August 8, 2022, Marathon Digital Holdings, Inc. made public its operational report for the month of July 2022, in which it disclosed that the cryptocurrency mining company had mined 707 bitcoins, representing a rise of 8% year-over-year in production for the second quarter of 2022. However, compared to the previous quarter’s total of 1,259 … Read more
In spite of the regulatory obstacles, Sky Mavis, the company that is responsible for the Play-to-Earn (P2E) heavyweight Axie Infinity, is planning to “double down” in South Korea and ramp up acceptance. Jeffrey Zirlin, the co-founder of Sky Mavis and growth lead, on August 9 at Korea Blockchain Week, that despite the fact that the … Read more
According to Changpeng Zhao, CEO of Binance, the acquisition of troubled cryptocurrency exchange WazirX was “Never Completed.” The cryptocurrency exchange Binance recently disputed ownership of WazirX, which is situated in India, despite the fact that a blog post published by the business in 2019 stated just the opposite. In the meantime, WazirX is adamant that … Read more