Category : Cryptocoins News

Cryptocoins News

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

DATF framework supports "AFSA's Strategy for 2022," which includes crypto framework development as one of three regulatory goals. (Read More)

HKMA Stablecoin Regulations to Demand Backing by Underlying Assets

The main financial regulator will require stablecoin issuers to always back their values with reserve assets. (Read More)

SEC Loses Appeal in LBRY Vs. SEC

The crypto community hailed the LBRY ruling that LBC tokens sold on the secondary market are not securities. (Read More)

Yuga Labs Facing More Lawsuits Over NFTs

Rosen, a global legal firm, has encouraged BAYC and APE investors to join a class action lawsuit against Yuga Labs for securities law violations. (Read More)

Cardano's New Algorithmic Stablecoin DJED

ADA, Cardano's native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar. (Read More)

Greenidge Reduces Debt with NYDIG

Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits. (Read More)

Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings

Q1 2021 Tesla spent $1.5 billion on Bitcoin. (Read More)

Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin

Two UK firms employ ATM stablecoins to make Britain a "crypto centre." (Read More)

US senators write to Silvergate Capital for answers on FTX collapse

Senators Elizabeth Warren, Roger Marshall, and John Kennedy stated Silvergate had not adequately addressed its improper management of FTX customer cash. (Read More)

Ethereum to Launch Zhejiang Public Withdrawal Testnet

Staked Ethereum is frozen until the Shanghai update. (Read More)

Immutable X unveils Immutable Passport, a non-custodial wallet for web3 gamers

The Immutable Passport is designed to operate as an all-in-one solution for Web3 gamers. The aim of launching the passport is to eliminate Web3 onboarding hurdles. Immutable Passport is expected to become parallel to the other web3 gaming systems....

Celsius publishes list of users eligible to withdraw majority of assets

Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data. Bankrupt cryptocurrency lending firm...

Toyota to explore blockchain use cases via DAO hackathon

The automotive giant is exploring DAO tools and blockchain integration to improve company operations. Automotive giant Toyota is delving deeper into blockchain use cas...

StarOptions and B2G Promoter Gets 60 Months in Prison for Fraud

<p>On Tuesday, the federal court in Brooklyn sentenced John DeMarr to 60 months in prison for his role in a multi-million dollar cryptocurrency and <a href="https://www.financemagnates.com/forex/aviv-talmor-gets-4-years-in-prison-for-22...

Decentralized Twitter alternative goes live on Apple’s App Store

The Damus app is powered by Nostr, which uses decentralized relays to distribute end-to-end encrypted messages, and has a powerful backer in Jack Dorsey. Damus, a so-c...

Crypto-friendly bank ends loans backed by crypto mining rigs

After a bullish 2021, crypto miners sought loans to expand, which backfired following difficult market conditions in 2022. The holding company for the crypto-friendly...

‘Categorically false’ — Attorney denies bids for Celsius assets were rejected

Lawyers for Celsius’ official creditor committee are denying claims by crypto blogger Tiffany Fong that five bids for the bankrupt lender’s crypto assets were mostly abandoned....

Crypto exploit losses in January see nearly 93% year-on-year decline

Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year. Aside from the bullish crypto market rally in Janua...

Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report

submitted by /u/Draft-Sufficient [link] [comments]

Founder of $7.5M ‘brazen fraud scheme’ gets 8 years behind bars

Randall Crater was ordered to pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release....

HSBC is now ready to venture into the crypto market

HSBC posted crypto-related job openings on its career page today. Peers have already launched crypto products in recent years. Shares of the largest European bank ended slightly down on Tuesday. HSBC Holdings plc was in focus today on reports that...

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

Positive signs of Bitcoin’s recovery can be seen in on-chain, spot exchange and futures data. Bitcoin (BTC) had a rough time all throughout 2022.But fresh on-chain an...

Social token platform Rally announces shutdown of sidechain

Rally cited a “challenging year” for the crypto industry in its decision to “begin to sunset” the platform’s sidechain after Jan. 31. Rally, a social token platform, h...

Court permits Core Scientific to borrow $70M to replace existing loan

Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11. Core Scientific has received p...

Wormhole wins second 'temp check' to become bridge for Uniswap governance

Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second. The Uniswap DAO has approved a second non-binding proposal, called a...

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