Cryptocoins News / Blockchain - 2 years ago
The Federal Reserve Chairman has admitted to being blindsided by the sudden collapse of Silicon Valley Bank (SVB) despite being under their supervision. The collapse of SVB has prompted an internal investigation led by the Vice Chairman to look into...
Cryptocoins News / Blockchain - 2 years ago
Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Coinbase CEO, Brian Armstrong, compared the SEC to “soccer refs” in a game of pickleball, criticizing the regulator for their lack of clarity around crypto regulation. The comments came after Coinbase revealed they had been issued a Wells notice, whi...
Cryptocoins News / Blockchain - 2 years ago
Independent Reserve, an Australia-based cryptocurrency exchange, is exploring opportunities to expand its business in Hong Kong following the city’s recent proposal of a licensing regime for crypto exchanges. The company sees Hong Kong as a potential...
Cryptocoins News / Blockchain - 2 years ago
While crypto scam revenue dropped by 46%, scammers adapted and shifted their strategies to prey on people's emotions, with romance and giveaway scams on the rise. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Kraken has notified its users that it will no longer support ACH deposits and withdrawals via Silvergate starting from March 27, citing difficulties with the automated clearing house. Kraken has advised its users to use alternative funding options un...
Cryptocoins News / Blockchain - 2 years ago
The second day of Paris Blockchain Week 2023 featured a panel discussion on the Ethics of Web3. The panelists agreed that ethical frameworks often lag behind technology and that innovation comes before any ethical standards are implemented. They high...
Cryptocoins News / Blockchain - 2 years ago
The UAE's central bank is close to launching its central bank digital currency (CBDC), the digital dirham, for domestic and cross-border payments. The CBUAE has partnered with G42 Cloud and R3 to be the infrastructure and technology providers for the...
Cryptocoins News / Blockchain - 2 years ago
Circle CEO Jeremy Allaire believes that the ongoing global banking crisis could lead to more uncertainty and gray area in the regulation of cryptocurrencies due to market anxiety over exposure to the US financial system and the risk of a large-scale...
Cryptocoins News / Blockchain - 2 years ago
Professionals at Paris Blockchain Week 2023 discuss how Web3 disrupts traditional business models and offers new opportunities for startups and investors. Different cultures in Web3 and Web2 startups were analyzed, with emphasis on the role of invest...
Cryptocoins News / Blockchain - 2 years ago
The White House's Economic Report includes a chapter questioning the benefits of cryptocurrencies, with 35 pages dedicated to debunking them. It argues that crypto assets fail to deliver on their promised benefits, and that they are too volatile to b...
Cryptocoins News / Blockchain - 2 years ago
Irina Dilkinska, a former executive of fraudulent cryptocurrency scheme OneCoin, has been charged with wire fraud and conspiracy to commit money laundering. Dilkinska faces up to 40 years in prison and is accused of aiding in the laundering of over $...
Cryptocoins News / Blockchain - 2 years ago
Republican Senator Ted Cruz has introduced a bill to prevent the Federal Reserve from launching a central bank digital currency (CBDC) that could be used for financial surveillance. This is his second attempt at blocking the Fed's CBDC initiative. (R...
Cryptocoins News / Blockchain - 2 years ago
Lawyers representing a class-action lawsuit against BitBoy Crypto and other FTX influencers for promoting FTX crypto fraud without disclosing compensation claimed that BitBoy Crypto's Ben Armstrong made multiple threats against them, including voicem...
Cryptocoins News / Blockchain - 2 years ago
Nigeria's eNaira, a central bank digital currency (CBDC), is being adopted at an increasing rate as the country faces severe cash shortages due to demonetization. The value of eNaira transactions has increased by 63%, and the total number of CBDC wal...
Cryptocoins News / Blockchain - 2 years ago
Visa's biannual threat report reveals that over $3 billion was stolen in cryptocurrency thefts in 2022, with token bridges being a common target. The report also details a phishing campaign targeting crypto exchanges. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Bitzlato, a Russia-linked cryptocurrency exchange, has enabled its users to withdraw up to 50% of their assets stuck on the platform due to enforcement from the United States and Europol, with the help of a Telegram bot. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Investment firm ARK Invest has sold a portion of its Coinbase shares in 2023, accounting for 23% of its March acquisitions and 9% of all shares bought this year. The remaining 1.6 million shares are valued at over $132 million. Coinbase stock has ris...
Cryptocoins News / Blockchain - 2 years ago
MetaMask Institutional has announced a new staking marketplace that allows institutional clients to manage ETH staking through vendors such as ConsenSys Staking, Allnodes, Blockdaemon, and Kiln. The marketplace aims to simplify access and management...
Cryptocoins News / Blockchain - 2 years ago
Circle's USD Coin (USDC) stablecoin chief strategy officer Dante Disparte's Twitter account has been hacked, with the account reportedly promoting fake loyalty rewards to long-time users of USDC. (Read More)
Cryptocoins News / Blockchain - 2 years ago
US officials are discussing the possibility of expanding deposit insurance beyond the current cap of $250,000 to cover all bank deposits, according to Bloomberg. However, sources have said that such a move is not necessary at the moment, as recent st...
Cryptocoins News / Blockchain - 2 years ago
Ethereum-based adult entertainment platform SpankChain has closed down its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one. (Read More)
Cryptocoins News / Blockchain - 2 years ago
The announcement of the ARB token airdrop by Arbitrum Foundation has triggered over-the-counter (OTC) trading of the unreleased tokens. ARB marks Arbitrum's official transition into a decentralized autonomous organization (DAO), giving ARB holders th...
Cryptocoins News / Blockchain - 2 years ago
Coinbase has submitted a "Petition for Rulemaking" to the SEC, arguing that staking should not be classified as securities. The petition argues that staking is not a monolithic concept, and core staking services do not meet the criteria of the Howey...
Cryptocoins News / Blockchain - 2 years ago
MetaMask, a major crypto wallet, has partnered with MoonPay to enable direct bank transfers for crypto purchases in Nigeria, allowing users to access crypto faster and cheaper without using credit or debit cards. Nigeria is a major market for MetaMas...
