Ren protocol warns users to unwrap tokens or risk losses as upgrade looms
The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days.
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BlockFi employees were discouraged from describing risks in internal communications: Report
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.
US lawmakers question federal regulators on banks’ ties to crypto firms
“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.
Ethereum developers target March 2023 for Shanghai hard fork
Users will be able to withdrew their staked Ether and applicable rewards after the upgrade goes live.
Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.
Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.
Fintech Company ZELF launches anonymous Visa debit card with crypto recharge
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.
Hong Kong to subject crypto exchanges to the same laws governing TradFi
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department…
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities…
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