The New York Department of Financial Services, often known as the NYDFS, has stated that it will levy a fine of $30 million against the cryptocurrency trading division of Robinhood for suspected violations of laws about consumer protection, anti-money laundering, and cybersecurity. In an announcement made on Tuesday, the superintendent of the New York Department … Read more
After suffering through a liquidity crisis, the Waves (WAVES) community came together to back a governance proposal that aims to bring the decentralized finance (DeFi) lending protocol Vires.Finance back to life. The vote’s goals are to bring stability to the project and provide compensation to people who have been negatively impacted. Neutrino (USDN), a stablecoin … Read more
On Monday, the big US enterprise Bitcoin mining company known as Marathon Digital Holdings, Inc. made the announcement that it has successfully obtained an additional $100 million line of credit through Silvergate Bank secured by Bitcoin (BTC). The Bitcoin miner worked with the cryptocurrency bank to establish a credit line with a revolving limit of … Read more
The troubled crypto exchange Vauld has revealed that the Singapore government has given a moratorium upto 7th November 2022. The hearing was conducted on August 1st 2022 via Zoom meeting. Vauld had recently halted withdrawal for its customers citing funds deficit of $ 70 million. Vauld sent email to its creditors making the announcement. … Read more
One Cool Group’s multimillion-dollar sci-fi action picture Warriors of Future aims to be the first Asian box office success to include a non-fungible token (NFT) collection. The NFT collection, which includes four different types of soldiers and 10,000 unique 3D avatars, is anticipated to be released on August 6. Additionally, the Ethereum (ETH) blockchain will … Read more
According to Google analytics, interest in cryptocurrencies is 16.6% lower this year than it was on average for 2021. worldwide. This year, the price of bitcoin has fallen by 52.7 percent, and the industry has also seen layoffs and liquidations. The Netherlands has had the greatest decline in interest, dropping by 37 percent. With interest … Read more
According to Glassnode, for Bitcoin (BTC) to continue its recent price rebound, there need to be more demand and network fees invested, as several on-chain measures are still in a bearish area. The blockchain monitoring company Glassnode reported on Monday in its most recent “The Week On Chain” report that market growth over the previous … Read more
Millicent has broken new ground by becoming the first organization in the world to conduct a test of a digital currency with a full reserve. On Thursday, July 14, the distributed ledger fintech company Millicent made the announcement that it had successfully completed the world’s first experiment of a Full-Reserve Digital Currency (FRDC) directed at … Read more
Despite the high volatility of the cryptocurrency market, New York Attorney General Letitia James has made it possible for investors who believe they may have witnessed corruption at a cryptocurrency firm to come forward and file a complaint as a whistleblower. In a notice published on Monday, Attorney General Letitia James urged residents of the … Read more
Even though market analysts have highlighted important indices that imply investors are hopeful, data from the United States Department of Commerce suggests that the United States has entered a technical recession. According to statistics that the government issued on July 28, the United States economy experienced a contraction for the second consecutive quarter, meeting the requirements for … Read more