The U.S. Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers. In a joint letter sent to the crypto firm on July 28, the regulators said misleading information by Voyager Digital about its funds being covered by …
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Struggling crypto exchange Zipmex has filed for a moratorium in Singapore to extend its protection against legal actions from aggrieved creditors. The application comes barely one week after the exchange halted withdrawals from its platform due to a liquidity crunch. Zipmex’s solicitor Morgan Lewis Stanford has requested a court order that prevents creditors from suing …
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Input Out (IO) Technology Manager Kevin Hammond has announced that the Vasil hard fork will be delayed further. The Vasil hard fork will bring significant speed and scaling improvements to Cardano. Initial plans were set for a final rollout on June 29, but recent events related to the Terra implosion delayed matters. In a blog …
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Embattled crypto lender Celsius Network has revealed via email that some of its customers’ data were breached by an employee of Customer.io. Announcement from Celsius: “We are writing to let you know that wewere recently informed by our vendorhttps://t.co/452EROQtbc that one of their employeesaccessed a list of Celsius client emailaddresses held on their platform andtransferred …
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The graph was a notable mover in Friday’s session, as the token rallied to a multi-week high. Prices rose by as much as 16% in today’s session, with chainlink also seeing its price climb by a double-digit percentage. Overall, the global crypto market cap is up 1.92% as of writing. The Graph (GRT) The graph …
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Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims. The FDIC’s letter explains that Voyager’s FDIC claims are false and misleading, and the entity …
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Bitcoin rose for a third consecutive session on Friday, as prices rose above $24,000 to end the work week. Today’s rise comes as sentiment in crypto remains bullish, following Wednesday’s interest rate hike by the Fed. Ethereum was also higher, as prices approached $1,800. Bitcoin Bitcoin (BTC) was trading higher for a third straight day, …
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not stifle such welcome digitalisation developments by taking away customers of banks and other …
The CME Group has reported increased activity in Q2 2022 for its Bitcoin and Ether derivatives contracts. These contracts demonstrate that professional traders were willing to access crypto assets during the ongoing bear market. CME futures record increased activity The average daily open interest on crypto futures products increased to 106,200 contracts during the year’s …
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Leading smart contract platform Ethereum (ETH) is moving one step closer to its long-awaiting transition to operating via proof-of-stake (PoS). A new post on the Ethereum Foundation blog is alerting users of all stripes on what to expect in the coming days as a new stage of ETH 2.0 is being tested ahead of its tentative …
Binance CEO Changpeng Zhao says there is a myriad of factors potentially driving the next big rally for Bitcoin (BTC) and other crypto assets. In a new interview on CNBC, the richest person in crypto says different catalysts triggered the previous bull runs and people were not even aware that these would set off massive …
Schwab Asset Management, the asset management arm of financial giant Charles Schwab, has launched an exchange-traded fund (ETF) with exposure to firms linked to cryptocurrencies. In a Friday announcement, Schwab said its Crypto Thematic ETF was expected to be available for trading on the New York Stock Exchange’s Arca under the ticker STCE on Aug. …
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The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a growing number of major crypto entities have been tumbling like dominoes, with the trend likely to continue in the near term. …
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The cryptocurrency market is no stranger to speculation. Consider that despite this industry’s growth, many continue to view these assets and associated technologies as a bubble that is about to burst. As history has proven, overcoming the technology adoption curve comes down to a major use case, or the so-called “killer app.” Although there is …
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Ethereum’s proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via “the Merge” upgrade in September. Miners could then revolt against the new upgrade by continuing to mine on the old Ethereum …
