Search
Celsius had 'insufficient' accounting and operational controls, says examiner
21.11.2022
The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11
Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations
16.11.2022
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational....
Fidelity’s Crypto Platform Prepares to Start Offering Ethereum Trading Next Week
22.10.2022
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has informed customers that it will start offering ethereum trading and custody services on Oct. 28. “Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security,...
While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years
24.9.2022
The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as the combined pools collectively mined 18,229 blocks out of the 53,510 blocks mined this year. Foundry...
Bitfarms Starts Bitcoin Megafarm Operations in Argentina
18.9.2022
Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, launched on September 16, is currently generating 10 megawatts (MW) of mining power during the first phase and will scale operations to be fully operational next year. Bitfarms...
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
28.8.2022
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North...
Metamask Users Complain About Connection Issues as Wallet’s Default Endpoint Suffers From ‘Major Outage’
22.4.2022
On Friday, users leveraging the Web3 wallet Metamask complained about service outages after Infura, Metamask’s default endpoint suffered from a “major outage.” The wallet company addressed the situation and explained the problems were due to Infura combating an outage. Metamask...
Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem
10.2.2022
PRESS RELEASE. Zug, Switzerland — Ambrosus Core, the technical foundation of Ambrosus Ecosystem, has announced the launch of a substantial developer funding program — $10 million for developers deploying decentralized finance (DeFi) applications and other decentralized solutions...
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
4.2.2022
On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said...
IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks
18.11.2021
The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation...
Some Chinese Crypto Websites ‘Still Operational,’ Says State Media
6.11.2021
Some Chinese sites are “still selling” crypto, raising funds in tokens like bitcoin (BTC) and ethereum (ETH), and circulating crypto-related news stories from within the Mainland, a report has claimed, citing evidence from government-aligned agencies....
Read More: Some Chinese Crypto Websites...
CMC Markets Expecting 126 Million Pound Operational Income
8.10.2021
CMC Markets is a UK-based brokerage group founded in 1989. It offers trading instruments and betting solutions to clients. The trading can be done in forex, cryptocurrencies, shares, commodities, etc. As per 2021 CMC Market reviews, it is a well-known and established broker in the UK, listed...
Robinhood’s Crypto Wallet Plans May Spur Similar Moves By Competitors
21.9.2021
d beta version of the app’s version for Apple’s iOS operational system. The new software comprises a hidden image showing a waitlist page for customers signing up for a crypto wallet feature, as well as code related to crypto transfers, Bloomberg
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...
Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’
11.8.2021
According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance...
Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks
12.6.2021
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.”...
Blockcap plans to have 50K Bitcoin miners operational by 2023
3.5.2021
Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream
Hut 8 Purchases $30M Worth of Nvidia’s GPU Miners, Looks to Push Capacity to 1,600 Gigahash
27.3.2021
On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash....
U.S. miner Blockcap plans to have 40,000 ASICs operational by Q4
23.3.2021
Despite launching in December, Blockcap plans to possess an operational hashrate of 3.5 EH/s by 2022
Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange
27.1.2021
Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had...