Summary: Ethereum’s upgrade to a Proof-of-Stake blockchain would see some operations halt temporarily for Coinbase users. The crypto exchange said new ETH deposits and withdrawals would pause during The Merge as a precautionary measure. A similar pause for new ERC-20 token withdrawals and deposits was also announced. Coinbase Prime Institutional...
Summary: Celsius CEO Alex Mashinsky took over the company’s trading strategy in January 2022. Mashinsky assumed a more active role in trade decisions ahead of the FOMC meeting at the start of the year. The report explained that Mashinsky was ” slugging around huge chunks of bitcoin”. Financial Times also...
Tina.Org has called out celebrities for endorsing NFTs without disclosing their material connection with them The team had also sent letters to several celebrities, urging them to disclose their intent behind promoting such NFTs on social media Consumer watchdog/regulator Tina.Org popularly known as Truth In Advertising has recently published a...
Galaxy Digital had earlier terminated its merger agreement with BitGo citing the platform’s inability to show audited financial statements of 2021. BitGo responded to the Galaxy’s decision to terminate the acquisition by stating that it’s suing Galaxy for its actions,followed by seeking $100 million in damages The deal was earlier...
Summary: Three Arrows Capital’s Su Zhu and Kyle Davies wanted to buy a Yacht worth $50 million, per reports. The supposedly all-white luxury boat was to onboard the name “Much Wow”. a nod to popular meme cryptocurrency Dogecoin. 3AC filed for bankruptcy the same month Much Wow was set to...
Binance has received approval from Kazakhstan’s financial regulator to operate in the Astana International Financial Centre. The exchange still has more in the application process to complete, which it expects to do in due course. Founder and CEO Changpeng Zhao had previously met the country’s President to discuss regulation. Binance...
Zipmex has finally been granted a three month creditor protection from the Singapore court Per a Bloomberg report, the court’s decision will be instrumental in guarding the firm against third-party lawsuits and claims, enabling the exchange to come up with a useful funding plan. Asian cryptocurrency exchange Zipmex was granted...
TL;DR Ben Armstrong, also known as BitBoy Crypto warns his followers that he is planning something which will change the crypto industry forever. BitBoy Crypto is a Youtube influencer that has more than 1.5 million followers on his YouTube account. The controversial but well-known youtube crypto influencer Ben Armstrong, also...
TL;DR Acala network, the defi protocol for Polkadot, has suffered a breach, and its stablecoin depegged from the dollar. Acala Network’s aUSD stablecoin currently sits below $1, dropping as low as 0.58 at one point. It is reported that hackers collected approximately $1.2 Billion $AUSD. Polkadot’s decentralized finance protocol Akala...
Microstrategy’s Former CEO Michael Saylor pointed out in a recent interview for Stansberry Research that he would rather win in a volatile fashion than lose slowly. Saylor continues to say that the volatility will only impact short-term investors and public companies. Bitcoin has outperformed every single company on the stock...
Tron’s co-founder Justin Sun’s account was blocked on Aave this Saturday. According to Sun, the account was blocked after he randomly received 0.1 ETH from Tornado Cash. De-fi Protocol Aave has not issued a statement as of yet. A lot has happened since the U.S Government sanctioned Tornado cash, the...
