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BlockFi is planning to sell off $160 million in loans

BlockFi to Generate $160M in Revenue through Bitcoin Miner-Backed Loan Sales

BlockFi, a crypto lending firm, is reportedly planning to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of

January 24, 2023
A hacker has moved $155 million worth of Ether (ETH)

Hacker Uses Wormhole to Move $155M in Biggest Crypto Heist in Months

A hacker has moved $155 million worth of Ether (ETH) from the $321 million Wormhole bridge hack, which took place on February 2, 2022. The

January 24, 2023
Australian Financial Minister Stephen Jones has suggested that crypto assets

Australia considers treating cryptocurrency as financial product, says Finance Minister

Australian Financial Minister Stephen Jones has suggested that crypto assets, except Bitcoin, should be regulated as financial products. This comes after the collapse of FTX,

January 23, 2023
Bitcoin logo light up Berlin tower

Bitcoin Logo Lights Up Berlin’s TV Tower

The Berliner Fernsehturm tower is a popular tourist attraction in Germany and is a symbol of the city. The projection of the Bitcoin logo onto

January 23, 2023
The Central African Republic is taking the steps to regulate cryptocurrencies

Central African Republic Setting up a Legal Structure for Cryptocurrency

The Central African Republic is taking the steps necessary to make sure the citizens of the nation are able to use cryptocurrencies and tokenization to

January 23, 2023
South Africa has added new regulations for the cryptocurrency industry

South Africa Introduces Crypto Guidelines for Advertising

The Advertising Regulatory Board of South Africa has added new regulations for the cryptocurrency industry to its advertising code. This new clause, added to Section

January 23, 2023
US for hosting Bitcoin mining

America’s pioneering nuclear-powered Bitcoin mining center to launch in Pennsylvania

Cumulus Data, a subsidiary of Talen Energy, has finished building the first nuclear-powered data center in the US for hosting Bitcoin mining. The 48 MW,

January 23, 2023
Indian minister Rajeev Chandrasekhar

Indian Minister: Crypto Transactions Allowed as Long as They Comply with Laws

In a recent development, an Indian minister, Rajeev Chandrasekhar, announced that cryptocurrency transactions are fine as long as they follow existing laws. This statement is

January 23, 2023
Two bills related to cryptocurrency were introduced in a U.S. state

Massachusetts Lawmakers Examining Blockchain Use by Government

On January 19th, two bills were introduced to the Massachusetts House of Representatives related to cryptocurrencies. The first bill proposed the creation of a “special

January 23, 2023
Genesis Capital's bankruptcy case

Genesis Capital Legal Battle Kicks Off

On January 23 at 2:00 pm Eastern Time, the United States Bankruptcy Court for the Southern District of New York will hold the first hearing

January 23, 2023
Ripple CEO Brad Garlinghouse

Ripple Scam Spread through Hacked Twitter Account of American TV Sports Channel

The official Twitter account of GOL TV, an American TV sports channel, has been hacked and used to promote an XRP scam. This is a

January 23, 2023
Farmington State Bank, known as Moonstone Bank

Moonstone Bank to Abandon Crypto, Focus on Local Banking Services

Farmington State Bank, also known as Moonstone Bank, has announced that it will no longer pursue a business model focused on developing banking services for

January 20, 2023
The SEC has charged former FTX CEO Sam Bankman-Fried with defrauding

SEC Files Charges Against Sam Bankman-Fried for Fraudulent Use of Investor Funds

The SEC has charged former FTX CEO Sam Bankman-Fried with defrauding investors by misrepresenting the exchange’s risk management mechanisms and diverting customer funds to his

January 20, 2023
Nexo to Pay $45 Million Fine and Exit Crypto Lending Space Following SEC Settlement

Nexo Agrees to $45 Million Penalty and Terminates Crypto Lending Services in SEC Settlement

Nexo Capital, a crypto lending firm, has agreed to pay a $45 million penalty and cease its crypto lending product “Earn Interest” after being charged

January 20, 2023
Ex-FTX Top Lawyer Accuses US Counsel of Directing Business to Sullivan & Cromwell

Former FTX Legal Head Claims US Legal Team Funneled Business to S&C

Daniel Friedberg, a former chief lawyer for FTX, has accused the company’s U.S. general counsel of channeling business to Sullivan & Cromwell (S&C), the firm

January 20, 2023
Cryptocurrency exchange FTX

FTX’s Attempt to Revive Platform May be Doomed by User Distrust, Experts Predict

Cryptocurrency exchange FTX has faced skepticism from industry commentators over its plan to reboot the platform. The exchange filed for bankruptcy in November following accusations

January 20, 2023
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