BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in…
Yahoo launching Metaverse events for Hong Kong residents under restrictions
Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland’s native token, MANA. Yahoo has announced a series…
ECB may cap digital euro at 1.5T tokens — Executive board member
“Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta. Fabio Panetta, an executive…
9 Biggest Crypto Gainers After Crash: TRX Tops
The crypto dip continues to loom over investors with a combination of rising inflation, geopolitical tensions, tightening of monetary policies, and Celsius collapse fears in play. With investors looking for…
Beware of Crypto, DeFi – Indian Chief Economic Advisor
Indian Chief Economic Advisor recently warned about the risks inherent in innovations like crypto and decentralised finance also called ‘DeFi’. The statement was made in an event organized by ASSOCHAM,…
Crypto Crash has Nexus in Assurance Mode – Should you worry?
The crypto crash has flipped the optimistic outlook of most crypto exchanges. Coinbase and Crypto.com have laid off their staff, Celsius has frozen withdrawals, and more than a few lenders…
Three Arrows Capital may become another victim of stETH depeg
The recent crypto tumble is a gift that keeps on giving. After turning CE into yesterday’s news, it seems like another billion-dollar hedge fund company, Three Arrows Capital, might soon…
71% of high net worth individuals have invested in digital assets: Survey
A new survey suggest most of the world’s wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice. High net worth…
Korean exchanges agree on emergency system in case of Terra-style collapse
Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco.…
‘Cheaper than it looks’: Fidelity exec says BTC undervalued and oversold
Anthony Pompliano made similar remarks on Monday, noting that Bitcoin’s “value and price are diverging” and that “weak hands are selling to strong hands.” Jurrien Timmer, Fidelity’s director of global…
Total supply of stablecoins dropped sharply for first time ever in Q2
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.…
Bill Gates slams crypto for lacking any value
Bill Gates, the founder of Microsoft, has once again bashed the cryptocurrency sector. In a TechCrunch panel on Tuesday, Gates said that the crypto space was “100% based on greater…
SEC probes insider trading on cryptocurrency exchanges
The US Securities and Exchange Commission (SEC) is tightening the noose around cryptocurrency regulations. The commission is reportedly investigating whether cryptocurrency exchanges are taking the necessary measures to protect investors…
Celsius Network hires restructuring attorneys to assess financing options
Celsius Network, a reputable cryptocurrency lender, has reportedly hired restructuring attorneys. The attorneys from the Akin Gump Strauss Hauer & Feld LLP will assist the company with its current financial…
Brazil proposes making crypto payments legal
Brazil could soon endorse Bitcoin as a means of payment. A recently proposed addition to the Brazilian law could allow Brazilians to use cryptocurrencies for payments. The move will also…