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Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO
23.2.2023
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire...
Biggest Movers: BCH Hits Fresh Multi-Month High, Whilst MATIC Extends Declines
21.2.2023
Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which...
FTX poked the bear and the bear is pissed — O'Leary on the crypto crackdown
21.2.2023
Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another
Biggest Movers: SOL 11% Higher, BCH Hits Strongest Point Since July
20.2.2023
Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July....
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...
Tornado Cash Dev’s Criminal Case in Europe May Hinge on Laptop Access
16.2.2023
Dutch prosecutors now have access to Alexey Pertsev’s computer, and are using it to probe key details, like governance and profit-making at the privacy service
Tornado Cash Developer to Stay in Jail as Dutch Trial Continues
15.2.2023
Tornado Cash developer Alexey Pertsev was arrested in the Netherlands in August shortly after the U.S. sanctioned the crypto privacy tool
Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi
15.2.2023
While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws
Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers
15.2.2023
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work
Fewer Than Half of New Ethereum Blocks Over the Past 24 Hours Are OFAC Compliant
14.2.2023
For the first time since October, fewer than 50% of blocks added to the Ethereum blockchain over a 24-hour period are OFAC compliant, partially thanks to more non-censoring options that make up a larger share of the blockspace market
OFAC-compliant blocks on Ethereum hits three-month low of 47%
14.2.2023
The fall to 47% comes nearly three months after the percentage of OFAC-compliant blocks reached its peak at 79% on Nov. 21
Bakkt Shifts Focus to B2B Technology Solutions, Plans to Discontinue Consumer App
13.2.2023
Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users will continue to have access to all of their assets....
Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
11.2.2023
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation
10.2.2023
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges...
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy
9.2.2023
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files...
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising
7.2.2023
The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $5 ‘blue’ dollars (the informal exchange rate), is already being criticized...
UK's digital pound would modernize payments but won't replace cash: Minister
7.2.2023
Finance minister Jeremy Hunt says the digital pound, or "Britcoin" would be issued and backed by the Bank of England, but won't negate the use of cash
Former Bitcoin Dev Gavin Andresen Revises 2016 Blog Post, Calls Trust in Craig Wright a ‘Mistake’
6.2.2023
During the first week of Feb. 2023, the United Kingdom Court of Appeal overturned a High Court decision from March 2022 in the case of Craig Wright’s Tulip Trading Limited (TTL) vs. 16 cryptocurrency developers. The case will proceed to trial as Wright, who claims to be Satoshi Nakamoto...
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud
6.2.2023
A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured with promises of quick profits on stock and crypto...