Skybridge says that withdrawals from one of its crypto-exposed funds will be stopped. Skybridge joins other companies that have frozen the funds of crypto investors. However, Skybridge’s CEO, Anthony Scaramucci, says the freeze is only temporary, and there is no danger of the company going out of business. Skybridge Capital has stopped people from taking … Read more
Users’ attempts to remove their funds from the platform have been a rollercoaster since Celsius Network prohibited withdrawals, swaps, and transfers last month. The lending program eventually filed for Chapter 11 bankruptcy this week, following in the footsteps of Voyager, which brought everything to a head. Users had some hope that they may receive their … Read more
The Winklevoss brothers’ Gemini cryptocurrency exchange is the first in Ireland to be registered by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, the central bank granted the cryptocurrency exchange an Electronic Money Institution (EMI) license in March. Gemini Obtains an Irish License as a Virtual Asset Service … Read more
According to billionaire Mike Novogratz, Bitcoin may yet hit $500k in five years. Despite its expansion since its start, the cryptocurrency industry still has many detractors. Still, it also has plenty of enthusiastic supporters, including Mike Novogratz, the CEO of the cryptocurrency investment business Galaxy Digital. According to remarks made by Novogratz at the Bloomberg … Read more
Lido Finance plans to offer its ETH staking services over the L2 network as long as some networks have “demonstrated economic activity.” A cryptocurrency staking service provider, Lido Finance, has revealed ambitions to expand the Ethereum Layer 2 network’s support for staked Ether (stETH). In a blog post published on July 18, the Lido team … Read more
The dominance of Binance over Coinbase and other exchanges is reaffirmed. Along with continuing to expand, it is currently the exchange with the largest holding of Bitcoins worldwide. As the bear market began, Binance and Coinbase’s fortunes stood in sharp contrast to one another. Through a show of force and ongoing hiring, Binance and its … Read more
Many markets and nations are slowly embracing the prospects of cryptocurrencies and blockchain. Unfortunately, it appears that the recent crypto winter slowed down the advancement of these technologies. However, there is still a chance that things will get better after the storm. Thankfully, there are several signs that the cryptocurrency market is still alive. Numerous … Read more
The Dutch Central Bank has fined cryptocurrency exchange Binance $3,3 million for operating without authorization. The central bank published a statement stating that the exchange had violated its laws by offering cryptocurrency services in the Netherlands without registering with the bank, which is illegal. A similar kind of warning was also issued against Binance, labeling its products … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more
Edward Dowd, a former executive at Blackrock who is now an investment adviser, has emphasized that despite the recent upheaval in the cryptocurrency market, Bitcoin is here to stay and possesses the traits necessary to be included in the portfolios of all investors. During his appearance on the podcast by Layah Heilpern, Dowd reaffirmed his … Read more