Amber Group announced that it raised $300 million on a Series-C funding round on Dec.16. It also revealed plans to lay off up to 400 employees and cancel performance-based bonuses, as reported by Bloomberg News. Amber Group initially responded to the Bloomberg News article stating the company was “business as usual” following a statement that …
Continue reading “Amber Group reportedly looking to downsize despite raising $300M”
Coinbase users will need to provide the Ethereum transaction ID (TXID) of the lost asset and their Coinbase address, to recover their lost assets without exposing their private keys. 1 min read Updated: December 16, 2022 at 9:50 am Cover art/illustration via CryptoSlate Leading crypto exchange Coinbase has announced the launch of its asset recovery …
The crypto exchange has extended its down period by more than 3 hours without explanation. 2 min read Updated: December 16, 2022 at 9:39 am Cover art/illustration via CryptoSlate According to its official status page, the U.S-based crypto exchange Gemini was down from 10 pm ET on Dec. 15. The Gemini website appears to be …
Continue reading “Scheduled maintenance keeps Gemini down for hours”
The country’s central bank suggested that it is preparing to issue an e-krona if such an asset is approved by the government. 2 min read Updated: December 16, 2022 at 9:17 am Cover art/illustration via CryptoSlate Sweden’s central bank, Riksbank, is preparing to introduce a possible central bank digital currency (CBDC) — the e-krona — …
Continue reading “Sweden Central Bank preparing for e-krona CBDC”
Chainlink is now handling NFT price data in conjunction with Coinbase Cloud. 1 min read Updated: December 16, 2022 at 9:14 am Cover art/illustration via CryptoSlate Oracle provider Chainlink announced in a Dec. 15 blog post that it is now offering floor price feeds for Ethereum-based non-fungible tokens (NFTs). Chainlink noted that the feature will …
Continue reading “Chainlink open NFT price feed oracle to expand DeFi usage”
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto Winter Two ETFs tracking …
Continue reading “Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch”
Following the arrest of the former FTX boss Sam Bankman-Fried (SBF), spectators continue to wonder where ex-Alameda Research CEO Caroline Ellison is, and whether or not she turned on SBF. A few reports suggest Ellison is “likely working with feds” and it’s possibly the reason why Ellison was reportedly spotted at the Ground Support cafe …
The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above the target for too long.” ECB …
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research. The suit aims to hold Silvergate accountable for its alleged roles in placing FTX user deposits into the bank accounts of Alameda, …
Continue reading “Silvergate faces class-action lawsuit over FTX and Alameda dealings”
Santos FC Fan Token price is wading through murky red waters on Friday after a mid-week rally bolstered by improving investor confidence. Cryptocurrency markets performed […] Go to Source
United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors. On Dec. 14 the U.S. Attorney’s Office for the Southern District of New York unsealed the indictment, alleging the purported crypto mining …
Continue reading “Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M”
The Japanese government is set to ease tax requirements for local crypto firms, as it pushes to stimulate growth in the domestic finance and tech sectors. At present, Japanese firms that issue crypto are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a …
Continue reading “Japan set to ease 30% crypto tax on paper profits for token issuers”
The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals with digital assets and tax collection. McHenry sent a letter on Dec. 14 to U.S. Treasury Secretary Janet Yellen with questions and concerns about the …
Continue reading “New House Financial Services Committee chair wants to delay crypto tax changes”
Blockchain analytics provider CryptoQuant has released a report analyzing the recently released proof of reserves audit of the world’s largest crypto exchange, Binance. Centralized exchanges have been cast into the spotlight over the past month following the collapse of FTX, none more so than Binance which has been scrambling to reassure customers and investors that …
Continue reading “CryptoQuant verifies Binance’s reserves, reports no ‘FTX-like’ behavior”
As blockchain developers compete for traffic and resources for their respective dapps (decentralized applications), the downside to this, according to some in the industry, can be a poor user experience which in turn undermines the mass adoption cause. Therefore, unless current blockchains — both Layers 1 and 2 — can overcome niggling issues like high …
