Cathie Wood Does Not Understand Algorithmic Stablecoins
The recent crypto slump may have left many investors shaken in fear, as bad news like major crypto firms falling prey to liquidity crisis and exchanges drastically cutting headcounts continue…
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Gal Gadot-Backed AdaSwap Launches Public Testnet
The first decentralized exchange tapping the Cardano blockchain has announced the launch date of its testnet. The project had previously released an NFT marketplace shortly after raising over $2 million…
Three Arrows Capital Ordered Into Liquidation by a Birtish Virgin Islands Court
The Singapore-based cryptocurrency hedge fund – Three Arrows Capital – has reportedly been ordered into liquidation following the downturn of the market and the challenges it faced recently. According to Sky…
BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
Leading cryptocurrency lending platform BlockFi has secured a money services license in the state of Iowa, allowing the company to offer stablecoins trading and instant ACH transfers to local customers.…
Multiple Crypto Exchanges Are “Secretly Insolvent,” Warns SBF
FTX CEO Sam Bankman-Fried (SBF) recently shared his thoughts on the state of the crypto market, its trajectory, and the platforms and companies within it. He claimed that there are…
Compass Mining Leadership Steps Down Following Alleged Non-Payment Debacle
Compass Mining – a US-based mining service that hosts Bitcoin miners on behalf of clients – has recently announced that both CEO Whit Gibbs and CFO Jodie Fisher would be…
Crypto Winter Threatens North Korea’s Stolen Stash: Report
According to researchers, the deepening crypto winter poses a threat to a vital source of funding for Pyongyang’s weapons programs. It is not clear how much crypto the North Korean…
CryptoCom Removes DOGE, SHIB, and 13 Other Altcoins From Earn Program
Crypto.com on Monday removed 15 altcoins including Dogecoin (DOGE) and Shiba Inu (SHIB) from its Crypto Earn program. The delisting of these cryptocurrencies will be effective from 27 June 2022,…
Russia Approves Potential Tax-Exemption for Digital Asset Issuers
Russian lawmakers recently approved a draft law that could possibly exempt digital asset issuers from making value-added tax payments. It has also established new tax rates on income earned through…
CoinFLEX CEO Accuses ‘Bitcoin Jesus’ Roger Ver Of Defaulting On $47 Million Debt
Today, Mark Lamb, CEO of the crypto exchange CoinFLEX said on his official Twitter account that Roger “Bitcoin Jesus” Ver had defaulted on a $47 million USDC margin call. According…
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