Top Asset Management Firms Suffer $220,000,000 in Losses From Bitcoin (BTC) Mining Investments: Report

A new report claims Bitcoin (BTC) mining firm Iris Energy’s investors are seeing a multimillion-dollar wipeout in the value of their holdings a year since the public listing. According to an Australian Financial Review, shares of Iris Energy, which is listed on the NASDAQ, have fallen by 94.5% since the initial public offering in November …

Coinbase Adds Ethereum (ETH) DeFi NFT Token and Identity Verification Altcoin to Roadmap, Spurring Minor Rallies

San Francisco-based crypto exchange Coinbase is adding two altcoins to its listing roadmap. Coinbase announces that the governance token of decentralized finance (DeFi)-based non-fungible token (NFT) gaming protocol Aavegotchi (GHST) and the native token of cross-chain identity aggregator Litentry (LIT) are now on the roadmap. “Assets added to the roadmap today: Aavegotchi (GHST) and Litentry …

ECB Officials Say Bitcoin (BTC) Is About To Become Irrelevant, Claim Top Crypto on It’s ‘Last Stand’

High-ranking members of the European Central Bank (ECB) say that Bitcoin (BTC) is on the cusp of becoming an irrelevant asset. In a new blog post, ECB officials Ulrich Bindseil and Jürgen Schaaf say that the king crypto’s price drop from its peak of $69,000 set in November 2021 is an indicator that BTC is …

Crypto Exchange Kraken Settles With U.S. Treasury Over Violation of Iran Sanctions

The crypto exchange Kraken is settling with the U.S. Treasury Department over apparent violations of sanctions against Iran. The US-based crypto exchange Kraken is agreeing to pay a fine of $362,159 to settle the issue with the Treasury Department’s Office of Foreign Assets Control (OFAC), according to the federal agency. The company will also spend …

Market maker Keyrock closes $72 million in Series B funding round

Digital asset market maker Keyrock has raised $72 million in a Series B round of funding, according to an announcement on Nov. 30. Ripple, SIX Fintech Ventures, and Middlegame Ventures are among the investors in the round. Funds are planned to be used on Keyrock infrastructure development, scalability tools, as well as regulatory licensing across …

Coinbase clarifies bug bounty policy in response to Uber extortion verdict

In a blog post on November 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclosure of security issues, but users who abuse this process will not be awarded bug bounties: “The key word in all of …

Binance CEO Changpeng Zhao Takes A Subtle Dig At Kraken And KuCoin

Binance CEO Changpeng Zhao took a jibe at rival crypto exchanges Kraken and KuCoin.  Zhao implied in a tweet that recent announcements made by his rivals were red flags. Crypto Twitter took issue with CZ’s tweet, which was subsequently deleted.   Kraken announced today that it is laying off 30% of its staff amid the ongoing …

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