Separating Web3 facts from fiction: Report
Web3 promises plenty of lofty goals and ideas, but what is it really, and are we close to achieving the dream?
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Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be…
Genesis denies ‘imminent’ plans to file for bankruptcy
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.
Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report
The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public…
Crypto no more in top 10 most-cited potential risks: US central bank report
The U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns.
BNB Chain DeFi ecosystem recovers almost one-third in three months
On the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery.
Venture capital recedes from crypto in Q3, but not all is bleak: Report
Even though venture capital inflows into the blockchain industry dropped by 66% in Q3 2022, it doesn’t necessarily suggest an overwhelmingly bearish sentiment.
Cryptoqueen Ruja Ignatova Tipped Off About Onecoin Investigations Before She Vanished, Report
Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several…
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been…
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