The world’s largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to fall in line with international financial sanctions. According to Venezuelan users, Banco de Venezuela has vanished from
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The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022. Argo also notes that it has reduced its debt
Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of its native DYDK tokens to be allocated to its community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth
Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an in-principle agreement with creditors of its crypto lending subsidiary, Genesis. According to a court filing published on Aug. 29, the estimated USD equivalent recoveries could account for 70% to 90% for unsecured creditors, should the amended plan be consummated.
In a recent revelation, Wrathof Kahmeman, a prominent figure in the XRP community, highlighted an intriguing development concerning Ripple Labs’s UBRI initiative on Twitter. He shared, “Interesting resume from the University of Waterloo touting recent CBDC research based on the XRPL. Notes they prototyped a banking interface to be presented at UBRI Connect 2023! Lots
Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallets on its platform with 35,000 coming within 24 hours of Shibarium’s relaunch on Aug. 28. Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, confirmed Shibarium was back up and running in an Aug. 28 blog post. At the time, Kusama
Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform. “To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out
With as much as 130 million people introduced to cryptocurrencies since the end of 2021, millions of investors could soon be looking at their first crypto bull run, with some suggesting it could come as early as 2024. However, unlike the current bear market, a bull market is “unlike anything else you’ve ever experienced” according
Ethereum founder Vitalik Buterin has multiple public wallets that carry a significant amount of ETH and these wallets are religiously tracked by on-chain sleuths. This is why whenever the founder makes a withdrawal, the destination of the ETH being sent is closely followed and recent reports reveal that Buterin has been sending significant amounts of
Lawyers representing Sam Bankman-Fried, or SBF, have filed an appeal claiming the former FTX CEO’s bail was revoked “in retaliation for him exercising his First Amendment rights” and not witness tampering as alleged. In an Aug. 25 filing in the United States Court of Appeals for the Second Circuit, SBF’s legal team filed a motion
The next Bitcoin halving event is less than 9 months away and the consensus opinion among analysts and investors is that the halving will send BTC price to a new all time high or even above $100,000. Despite this belief, the absence of fresh inflow to the crypto market, the current macroeconomic headwinds and BTC’s
The United States Internal Revenue Service (IRS), which is responsible for tax collection in the United States, has released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to simplify tax filings and cut down on tax cheating. According to
The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell. The letter came from Chairman of the U.S. House of Representatives Financial Services Committee Patrick McHenry and subcommittee chairs French Hill and Bill Huizenga. The legislators were objecting to two Fed
The United States Securities and Exchange Commission (SEC) has charged a media and entertainment company with conducting unregistered securities sales when it sold nonfungible tokens (NFTs) to investors between October and December 2021. Impact Theory, a Los Angeles-based company that produces entertainment and educational content, including several podcasts, allegedly raised almost $30 million through the
Bitcoin (BTC) is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September either. History shows that every year since 2017, Bitcoin has declined in September. Bloomberg Intelligence senior macro strategist Mike McGlone is
Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on Chinese tax cuts. BTC/USD 1-hour chart. Source: TradingView BTC price 200-week EMA stands out as support Data from Cointelegraph Markets Pro and TradingView followed a BTC price uptick into the day’s Wall Street open. BTC/USD managed $26,226, marking its highest
Google plans to update some of its service policies to comply with the European Union’s Digital Services Act (DSA), according to an Aug. 24 blog post. The Big Tech giant said it had made “significant investments” in various areas to comply with the DSA’s specific requirements. It plans to expand its Ads Transparency Center, researchers’
Cryptocurrency exchange Binance continues introducing more restrictions for Russian customers on its peer-to-peer (P2P) trading platform. Binance P2P has banned Russian residents from using fiat currencies other than the Russian ruble, Binance announced on its Telegram channel on Aug. 27. Binance’s Russian clients residing outside the country have also been banned from using currencies like
A crypto wallet belonging to the 1inch Investment Fund has bought huge amounts of Ether (ETH) a month after recently cashing out on its dollar-cost averaging (DCA) buys throughout the first quarter of 2023. Blockchain analysis platform Lookonchain, which follows and posts smart profitable trades, flagged the transaction. According to the firm, the 1inch-affiliated wallet
XRP, the cryptocurrency tied to Ripple, found itself entangled in a familiar tussle with the $0.55 resistance level as bearish forces thwarted its early attempts at a rebound. While last month’s pivotal summary judgment offered a glimmer of regulatory clarity for XRP, the ongoing specter of the SEC appeal and an impending trial slated for