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CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
4.8.2022
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among...
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
3.8.2022
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading...
Chinese Miner Claims an Ethereum PoW Fork Is ‘Coming Soon,’ Despite ETC’s Existence
2.8.2022
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly...
Have You Seen This Dog? Call Of Duty Pup Is ‘Plagiarized,’ Artist Claims
30.7.2022
If you’ve been following along with Call Of Duty lately, you’re no stranger to seeing skins that remind of something you’ve seen before, be it John McClain from Die Hard or Ghostface from Scream. A recent, very adorable, very fluffy skin, however, is looking all too familiar to one artist,...
KuCoin Claims Bragging Rights as First Exchange to Offer NFT ETFs
29.7.2022
Cryptocurrency exchange KuCoin is offering retail investors fractional ownership of top non-fungible tokens (NFTs) such as Bored Ape Yacht Club (BAYC) in the form of an exchange-traded fund (ETF) available to its customers
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims
29.7.2022
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....
Fed demands Voyager remove 'false' claims deposits are FDIC insured
29.7.2022
The Fed and FDIC allege that Voyager “made various representations online" that its funds were FDIC insured
Celsius Clients Beg Bankruptcy Court to Release Crypto, One Customer Needs Funds to ‘Put Food on the Table’
28.7.2022
After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third...
Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP
28.7.2022
Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. Ripple’s CEO Discusses Implications of SEC Winning...
HARTi and Mitsui Sumitomo roll out NFT insurance coverage for claims
26.7.2022
The company said the move intends to cover all NFTs listed on the HARTi platform with no cost to the seller
Coinbase Refutes Claims That it Lists Securities as SEC Kicks Off Investigation
26.7.2022
Major crypto exchange Coinbase has denied allegations that it lists securities on its platform after the US Securities and Exchange Commission (SEC) embarked on an investigation over the listing of digital assets that should have been registered as securities....
Read More: Coinbase Refutes Claims...
Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition
25.7.2022
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite...
Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’
24.7.2022
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months...
US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme
23.7.2022
A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My...
Source claims 3AC's Deribit exposure is worth much less than reported
19.7.2022
The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund's exposure to Deribit is only worth $25 million
3AC allegedly liable for $2.8B in creditor claims
19.7.2022
The amount is likely understated as many of 3AC's borrowing details remain confidential
SEC dismisses claims against John McAfee, fines accomplice for ICO promo
16.7.2022
On October 5, 2020, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
14.7.2022
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC)....
Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims
13.7.2022
Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.
Despite recent attempts to pay off its debts in an apparent bid to get its hands on locked-in collateral, in the United States, the Vermont Department...
Looking at the Claims Celsius Operated Like a Ponzi
12.7.2022
A new lawsuit alleges that a major crypto lender was, in fact, a Ponzi scheme. Happy Tuesday folks