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…
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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…
Crypto Platform Unizen to Expand its Operations After Raising $200 Million
The Liechtenstein-based cryptocurrency exchange – Unizen – secured a $200 million funding to accelerate its development in numerous fields. The fundraiser was led by the investment management giant Global Emerging…
1% of DAO Members Controlling 90% Voting Power: Chainalysis
Blockchain analytics firm Chainalysis’ latest report reveals that less than 1% of all holders in major DAOs have 90% voting power. It also cited Solend’s attempt to seize a whale’s…
Two Virginia Men Arrested for Planning Bitcoin Robbery in NYC Home
US Federal authorities have arrested and charged two 21-year-old men in Virginia with planning a violent robbery of bitcoins worth millions of dollars. The duo had plotted to break into…
CoinFLEX Launches $47 Million Token Recovery Plan to Resume Withdrawals
Last week, cryptocurrency derivatives exchange CoinFLEX joined a growing list of digital asset platforms to halt withdrawals due to market uncertainty and issues with its counterparty. The company has now…
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