FTX US President Brett Harrison Steps Down
Brett Harrison, President of the United States subsidiary of major cryptocurrency exchange FTX, is leaving his leadership position but will act as an advisor for the company. Nevertheless, the exec…
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IRS Goes After Crypto Broker for Transaction Data in Latest Tax Chase
The US Internal Revenue Service is ramping up its efforts to collect taxes from crypto traders regardless of a 70% market slump. The tax department has obtained a court order…
Bitcoin Miners Still Use 62% Fossil Fuels: Research
A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels.…
Revolut Greenlighted to Provide Crypto Services in the UK
The financial technology company – Revolut – received regulatory approval from the UK’s top financial watchdog (the FCA) to offer cryptocurrencies to local consumers. A few weeks ago, the regulator…
CEO of Struggling Crypto Lender Celsius Tenders Resignation Letter
Alex Mashinsky, CEO of embattled cryptocurrency lending platform Celsius, is resigning from his executive position. Nevertheless, he states he is willing to help the company during its restructuring process. In…
Bitcoin Heading Towards Full Detox of Speculative Interest: Glassnode
Bitcoin’s push above the coveted psychological $20,000-level came after nearly 10% gains over the past 24 hours. This was followed by a mass profit-taking session as traders anticipating the threshold…
$160M Wintermute Security Exploit Could Have Been an Insider Job: Report
The leading crypto market maker, Wintermute, suffered a $160 million breach in its decentralized finance operations last week. On-chain data revealed tens of millions of dollars worth of Dai, USDC,…
Terra’s Do Kwon Claims He Is Not Hiding Again, Even After Interpol’s Red Notice
Do Kwon – the notorious Co-Founder of Terraform Labs – said he is “making zero effort to hide” from authorities. His statement comes shortly after the organization that fights international…
Bitcoin Soars Above $20K, Recording 12-Day High (Market Watch)
After several days of stalling and trading around $19,000, bitcoin finally went on the offensive and jumped above $20,000. Most altcoins have also turned green today, with ETH jumping to…
California Regulators Order Nexo to Stop Crypto Interest Accounts
Cryptocurrency lender Nexo has come under fire from California regulators and seven other US state securities watchdogs for its unregistered crypto interest account program, which the authorities classified as securities.…
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