Troubled Exchange Hodlnaut Announced 80% Staff Layoff

Troubled Exchange Hodlnaut Announced 80 Staff Layoff

A cryptocurrency lending company based in Singapore called Hodlnaut has provided an update to the community regarding its judicial management filing and has also disclosed two alarming updates. First, the platform announced that it would be laying off 80% of its workforce, which would amount to approximately 40 workers, “in order to lower the company’s … Read more

Crypto.com Gets License to Operate in UK

Crypto.com Licensed to Operate in UK

Crypto.com Has Obtained the Necessary Regulatory Approvals to Begin Operating in the United Kingdom Today, Crypto.com announced that it had received regulatory authorization to operate as a cryptocurrency business from the Financial Conduct Authority (FCA) in the UK. The file that was made with the FCA indicates that the exchange is registered under the name … Read more

Binance CEO CZ criticizes The Block and Chinese Media for Promoting Falsehood

The CEO of Binance explained in a thread that, similar to the worldwide crypto news site Block three years prior, the influential Chinese news outlet 163 was promoting FUD by publishing false information. The CEO of the world’s largest cryptocurrency exchange, Changpeng Chao (CZ), blasted the big Chinese news outlet 163 for releasing false information … Read more

Gemini Users Can Now Stake Crypto in US, HK and Singapore

Gemini Users Can Now Stake Crypto in US, HK and Singapore

Key Takeaway Gemini is a major cryptocurrency exchange with its headquarters in New York City. On Thursday, Gemini announced that it had launched a staking program called “Gemini Staking.” This program enables customers to stake their assets within their Gemini accounts and earn rewards or interest on those assets. The service makes it possible for … Read more

South Korea Blocks KuCoin For Running Unregistered

South Korea Blocks KuCoin For Running Unregistered

According to the authorities, customers in South Korea could lose access to over a dozen cryptocurrency exchanges as a result of recent actions taken by local authorities to crack down on foreign companies that are operating illegally in the country without obtaining the required registration. According to a news statement published by the Financial Services … Read more

Ukrain Spent $54M on War Machines Through Donated Cryptos

Ukrain Spent $54M on War Machines Through Donated Cryptos

The Vice Prime Minister of Ukraine, Mykhailo Fedorov, provided an update yesterday on how the country has used the $54 million in cryptocurrency donations it has received. At a total cost of $11.8 million, unmanned aerial vehicles (also known as drones) were the most expensive component. After that, the nation spent a total of $5.7 … Read more

Jump Crypto Is Developing a Brand New Validator Client for Solana

Jump Crypto Is Developing a Brand New Validator Client for Solana

In response to the increasing number of security vulnerabilities that have been discovered on the Solana Public blockchain, Jump Crypto, a start-up that is well-known in the digital currency ecosystem for a variety of things, including system redesign and investment, is going to assist the protocol in developing a new validator client. The Solana protocol … Read more

NFL All Day NFTs Launched for Public by Dapper Labs

NFL All Day NFT Launched forPublic by Dapper Labs

Summary: Following its premiere in closed beta in December 2021, the virtual currency and collectibles platform NFL All Day is now available to the general public. In a manner analogous to Dapper Labs’ NBA Top Shot, NFL All Day provides NFTs based on video highlights.   The long-awaited release of NFL All Day has finally … Read more

Channel Islands of UK Becoming a Tax Heaven For Crypto Investors

Channel Islands of UK Becoming a Tax Heaven For Crypto Investors

The recent market crash has caused the financial world to be hesitant to trade Bitcoin. However, several small British Overseas Territories, the Channel Islands, silently provide tax incentives to potential investors to move their investments into crypto. This is happening while the rest of the world is hesitant to trade Bitcoin. Jersey and Guernsey, the … Read more

Celsius Has Been Permitted to Sell Mined Bitcoin to Fund Its Operations

Celsius Has Been Permitted to Sell Mined Bitcoin to Fund Its Operations

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