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Digital Currency Group CEO Barry Silbert Responds to Accusations by Gemini’s Cameron Winklevoss With Shareholders Letter
11.1.2023
Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to step down as CEO. Silbert shared his letter...
Breaking: FTX has recovered over $5B in cash and liquid crypto: Report
11.1.2023
Previous reports suggested that FTX saw losses peak at nearly $9 billion in total liabilities
Decentralization meant sanctions couldn't 'pull the plug' on Tornado Cash: Chainalysis
10.1.2023
While it has become harder to access the crypto mixer today, for better or worse, decentralization means it's near impossible to put an end to it
Nomad exploit wallet address transfers $1.5M to Tornado Cash
9.1.2023
The wallet address related to the $190 million hack transferred more than 1200 Ether to the sanctioned cryptocurrency mixer Tornado Cash
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
9.1.2023
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from...
The worst influencer and celebrity NFT cash grabs of 2022
4.1.2023
From Donald Trump’s trading cards to Tai Lopez’s peculiar NFT collection, 2022 marked another year of poorly thought-out NFT drops by big names
Windsor brokers releases luxury electric car and cash rewards
3.1.2023
Windsor Brokers recently treated users with a special loyalty rewards promotion. The offer gives users an opportunity to win a brand-new BMW IX3 M or Tesla model 3 with extra loyalty cash rewards. Based on the available countries, users’ odds of winning the BMW can vary. By joining Windsor...
China’s Digital Yuan Little Used, Former Central Bank Official Says
31.12.2022
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker...
Report: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency
30.12.2022
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local currency, over 90% of this total was reportedly used to fund expenses associated with the production...
Ukrainian Steals Bitcoin From Russian Darknet Market, Donates to Charity
26.12.2022
A Ukrainian living in the U.S. has reportedly hacked a major drug market on the Russian dark web, diverting some of its crypto proceeds. The man says he donated the digital cash stolen from the illicit website to an organization delivering humanitarian aid across his war-torn homeland. Wisconsin...
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’
23.12.2022
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations...
FTX locates $1 billion in assets with $720 million in cash amidst the bankruptcy
21.12.2022
FTX continues to fight for a rebound amid its bankruptcy issue. Meanwhile, the new management has announced allocating $1 billion in assets with $720 million in cash. The objective is to resolve the financial shortcomings of the platform by accessing several bank accounts. As per the shared update...
FTX Has Over $1B in Cash, Creditor Meeting Told
20.12.2022
Unwinding the collapsed crypto company has been made more difficult by poor record-keeping
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid
19.12.2022
According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible.” Binance Reveals U.S. Subsidiary...
Why HedgeUp, Bitcoin Cash, and Polygon are highly-rated cryptos?
19.12.2022
Cryptocurrency is one of the hottest topics today. There are many digital coins in the market, but why are Bitcoin Cash, Polygon, and HedgeUp highly rated? Let’s look at each coin and explore the potential benefits for investors. Bitcoin Cash Created in 2017, Bitcoin Cash (BCH) is a fork of Bitcoin...
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say
19.12.2022
Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian...
Crypto Twitter Speaks Up for Hal Finney’s Account, SBF Was Reportedly Told by Binance CEO: Stop Causing ‘More Damage’ — Bitcoin.com News Week in Review
18.12.2022
Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Musk announced that a mass of inactive accounts would be purged. Finney’s wife has since jumped...
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
17.12.2022
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds...
The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
16.12.2022
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win
Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
16.12.2022
One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects