Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis
Industry players accumulated over $4 billion of debt in the last crypto run-up.
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Ukrainian pharmacies enable crypto payments via Binance Pay
Ukraine continues adopting cryptocurrency payments with the Binance crypto exchange amid the ongoing war with Russia.
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb.
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval.
Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia
Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase…
Bill on Digital Ruble Submitted to Russian Parliament
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form…
China’s Digital Yuan Little Used, Former Central Bank Official Says
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat…
Sam Bankman-Fried denies moving funds from Alameda wallets
The former FTX CEO denied moving the funds saying; "I'm not and couldn't be moving any of those funds; I don't have access to them anymore.”
Bithumb’s largest shareholder executive found dead following allegations of embezzlement
Mr. Park Mo was found dead after an investigation had been launched against him for embezzlement and stock price manipulation.
Vader will shut down stablecoin USDV, cannot find a ‘breakthrough’
The remaining treasury will be distributed to users through a redemption app until June 2023, according to the protocol.
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