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Celsius Network announced today that it initiated a voluntary Chapter 11 bankruptcy protection with the Southern District of New York. Consequently, Celsius’ native token recorded a dip of over 50%…
Despite the steep decline in the cryptocurrency market, the games based on the metaverse continue to gather the attention of those who dream of finding a virtual land where everyone…
Protagonist – a venture capital firm that supports entities in the digital asset industry – launched a $100 million fund that will be distributed to early-stage crypto companies. The initiative…
The last couple of months have been quite a rollercoaster for DeFi and CeFi aficionados. Between events like the continuing Celsius Network saga or the can of worms opened by…
Miners in the country will now have to pay increased tax rates tied to the electricity prices consumed by these entities. Increased Tax Burden for Crypto Miners Consistent with the…
A recently released KuCoin report found surging interest and adoption of cryptocurrencies within Saudi Arabia. It found that 76% of crypto investors in the region had under a year’s experience…
Kuben Naidoo – Deputy Governor of South Africa Reserve Bank (SARB) – argued that cryptocurrencies, specifically bitcoin, provide numerous advantages to the monetary system. However, he claimed there is a…
ARK Investment Management – a company spearheaded by fund manager Cathie Wood – will reportedly have to wait longer than expected to hear the US SEC’s decision on whether it…
Cryptocurrency exchange Binance has announced completing the 20th quarterly burn of its native token, BNB. According to the official blog post, nearly 1.96M BNB (around $444.6 million) was burned in…
Another US state just launched an investigation into the firm. The US state of Vermont’s Department of Financial Regulation (DFR) has leveled serious allegations against the troubled crypto lender. Vermont…