RTFKT executive loses thousands in NFT heist
Nikhil Gopalani, the Chief Operating Officer of the Nike-owned crypto brand RTFKT, experienced a robbery of his NFT collection worth at least $175,000. According to
Article written by Robin Sean
US Banking Regulators Issue Warning on Crypto Fraud and Contagion Risks
The US Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have warned banks of the
Bitcoin mining revenue falls to $9.55 billion in 2022
The Block’s statistics show that bitcoin miners’ revenue slumped to $9.55 billion in 2022, largely attributed to the downward trend in the cryptocurrency market, including
Ukrainian pharmacies now accepting crypto payments with Binance Pay
ANC Pharmacy, one of the biggest pharmacy chains in Ukraine, has partnered with Binance Ukraine to give customers the option to pay with cryptocurrency through
Cryptocurrency investors in Italy to face 26% tax on profits
On December 29, 2022, Italy’s Senate approved a budget for 2023 that includes an increase in taxation for cryptocurrency investors. The budget includes a 26%
Binance set to expand into South Korean market with Gopax acquisition
Cryptocurrency exchange Binance has completed its due diligence on the acquisition of South Korean exchange Gopax and has returned to the South Korean market. The
SushiSwap to Retire Kashi and MISO Platforms
In the first quarter of 2023, SushiSwap will discontinue its Kashi lending platform and MISO token launchpad due to their unfavorable design and lack of
Sam Bankman-Fried denies moving funds from Alameda Research
Sam Bankman-Fried, the founder of the now-defunct trading firm Alameda Research and its sister company FTX, has denied any involvement in a series of unidentified
FTX Japan to Repay Users in Early 2022
In February 2023, FTX Japan will begin to repay its clients’ holdings. The process is expected to be conducted via Liquid Japan, a cryptocurrency trading
Compass Mining Awarded $1.5M in Legal Dispute with Dynamics Mining
Compass Mining, a hardware manufacturer, was awarded a default judgment of $1.47 million plus interest and fees in a legal dispute with Dynamics Mining, a
BlackRock to the Rescue: Mining Company Gets $17M Loan
BlackRock, a leading investment management company, has provided Core Scientific, a financially troubled bitcoin mining firm, with a loan of $17 million. This loan is
Turkey Becomes the Latest Nation to Test a Central Bank Digital Currency
Central banks are researching and developing digital tokens that are similar to cryptocurrencies. These digital tokens, known as Central Bank Digital Currencies (CBDCs), are usually
MicroStrategy to Offer Bitcoin Lightning Solutions in 2023
MicroStrategy is striving to create applications and solutions based on the Bitcoin Lightning Network by 2023. Michael Saylor, the executive chairman, has shifted away from
Kia’s NFTs Assist in Financing the Adoption of 22,000 Animals from Animal Shelters
Kia’s US division used its inaugural NFTs to benefit the Petfinder Foundation, a charity that works to reduce overcrowding in animal shelters. For the NBA
China to Launch State-Backed NFT Trading Platform on January 1st
On January 1, 2023, the China Digital Asset Trading Platform, founded by Huaban Digital Copyright Service Center, China Technology Exchange, and Art Exhibition China, is
Sam Bankman-Fried is reportedly expected to enter into a plea agreement, says news report
Sam Bankman-Fried, founder of the now defunct cryptocurrency exchange FTX, is expected to enter a plea deal in the Manhattan federal court on January 3,