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INX Taps Galaxy Digital Alum as Chief Financial Officer
18.5.2022
Renata Szkoda previously served as finance director at the crypto financial services firm
Do Kwon Pushes On-Chain Proposal Live Even as 92% Vote 'No' in Online Poll
18.5.2022
A revival plan to put Terra back on track after last week’s implosion is not finding backers in the community
Binance in Talks for Regulatory Approval in Germany, CEO Says
18.5.2022
Cryptocurrency exchange Binance is holding talks with regulators in Germany and hopes to be granted a a license, founder Changpeng "CZ" Zhao has said
Blockchain Gaming Developer N3TWORK Studios Closes $46M Funding Led by Griffin Gaming
18.5.2022
Blockchain gaming developer and publisher N3TWORK Studios has raised $46 million in a series A funding round to aid production of web 3 games Legendary: Heroes Unchained and Triumph
Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks
18.5.2022
A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings
Swiss ETP Issuer 21Shares Dives Into US Market With 2 Crypto Index Funds
18.5.2022
The two crypto index funds will only be available to accredited investors
Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX
18.5.2022
Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company...
Will a Proof-of-Stake Ethereum Lead to More Centralization?
18.5.2022
Lido’s staking protocol now holds 33% of all staked ether
BitcoinUSD․com Launches a Market Watch Site
18.5.2022
PRESS RELEASE. BitcoinUSD.com, a website developed to educate the public on crypto exchanges and current prices, launched its new website. The new site provides more information on current cryptocurrency prices, live market cap, news and educational articles through its crypto blog. The new site...
Australian Taxation Office to Focus on Capital Gains From Crypto Assets
18.5.2022
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their...
Argo Blockchain Q1 Net Income Plunges 90% $2.1 Million
18.5.2022
Argo Blockchain (ARB) reported net income of £1.6 million ($2.1 million) in Q1, a drop of over 90% compared to the corresponding quarter a year earlier
FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network
18.5.2022
Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However...
Nearly 5,505 Ether, or $10M of the $625M Ronin Exploit, Are on the Move
18.5.2022
Thousands of ether connected to the Ronin exploiter address seem to be on the move via privacy exchange Tornado Cash, blockchain data apparently shows
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
Algoracle Announces $1․5 Million Seed Round
18.5.2022
PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from...
Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus
18.5.2022
Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This...
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions
18.5.2022
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual...
Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’
18.5.2022
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S....
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
18.5.2022
A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST
18.5.2022
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South...