Coinbase will buy $500M in crypto and invest 10% of all future profits in digital assets
CEO Brian Armstrong expects the percentage of profits spent on cryptos to grow over time.
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Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies
Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the…
Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets
President Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part…
Venezuelan Authorities Reconnect Affected Bitcoin Miners to Power Grid
Venezuelan authorities have reconnected affected bitcoin miners to the power grid in Carabobo state, after having been disconnected for undisclosed causes. Sunacrip, the cryptocurrency watchdog in the country, mediated between…
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary…
Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving…
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto
A Venezuelan individual has reportedly purchased an apartment using cryptocurrency, specifically Tether, in the coastal state of Anzoategui last month. This is one of the first purchases of real estate…
Former Zcash Developer to Lead Twitter’s Decentralized Social Media Project Bluesky
On December 11, 2019, the CEO of Twitter announced the company was funding a project aimed at creating a decentralized social media standard. Jack Dorsey said that the ultimate goal…
Samsung to Aid Bank of Korea in Central Bank Digital Currency Pilot Program
Samsung, the Korean tech giant, has decided to participate in a central bank digital currency (CBDC) program that is being carried out by the Bank of Korea. The company will…
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender
Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion…