The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling revenue and low BTC prices. The firm couldn’t withstand the heat …

Hong Kong, an administrative region of China, has gradually expanded its crypto industry. The city aims to create a robust crypto environment to position it as a prominent hub for crypto and Web3 interactions. The city’s outstanding performance has attracted several crypto firms to expand their business into the region. …

Three cases of bank collapse have recently occurred and impacted the NFT market. These banks include Signature Bank, Silvergate, and Silicon Valley Bank. This event resulted from strict regulations, an economic downtrend, a liquidity crunch, and failure to meet customers’ withdrawal requests. Following the recent collapse of the digital bank …

One of many causes regulators frown at crypto transactions is anonymity. As an illustration, with crypto mixers resembling Twister Money, crypto customers can ship and obtain cash with out compromising their private info.  Sadly, this technique additionally allows criminals to evade authorities, particularly when transferring cash obtained from unlawful means. …

Many cryptocurrencies together with Bitcoin are buying and selling at deep losses at the moment. On the time of writing, some prime cash together with XRP, MATIC, and BNB, are all down by greater than 5% in 24 hours, respectively. Whereas BTC data a 7.88% loss in 24 hours, ETH …

In a latest improvement, a crypto investor jabbed Senator Elizabeth Warren for criticizing Silvergate financial institution. Warren shared a Twitter submit, reacting to the latest collapse of the financial institution and reminding the crypto group of her earlier warnings. However the founding father of Galaxy Digital, Mike Novogratz, responded to …

The continued chapter continuing for Voyager Digital has sprouted an argument with the US Securities and Change Fee. Because the court docket considers a restructuring plan to deliver the agency out of chapter, Voyager executives proposed to subject a compensation token and promote some property to repay prospects. The SEC …

For some people, cryptocurrencies are advanced and high-risk belongings, which makes them onerous to understand regardless of their potential. This limitation has posed challenges for several governments whereas looking for regulatory readability for crypto. The identical difficulty has been weighing on Australian authorities planning to launch clear laws for cryptocurrencies. …

BUSD stablecoin recorded some setbacks after the US SEC’s latest enforcement action on its issuer, Paxos. Apart from a plunge in buying and selling quantity, BUSD’s market capitalization has additionally plummeted considerably. Current data exhibits that BUSD’s market capitalization has met a steep downturn, going from its $23.49 billion all-time …

Lido Finance, a liquid staking protocol, has employed a security measure to manage the staking charge after recording over 150,000 ETH staked in in the future. The protocol announced this improvement through Twitter. As per the announcement, Lido was involved concerning the security of its platform and intends to forestall …

The police have moved to arrest a former Massachusetts state facility employee for allegedly stealing practically $18,000 value of electrical energy to run an unlawful crypto-mining operation. In response to reports, the accused, Nadeem Nahas, arrange a secret crypto-mining facility inside Cohasset Excessive Faculty’s crawl area. A new report famous …

Taurus has seen important development lately, increasing its consumer base to institutional traders, household workplaces, and different monetary service suppliers. As well as, the crypto agency simply accomplished a funding spherical, elevating $65 million. Two main banks, Credit score Suisse and Deutsche Financial institution supported the funding spherical and contributed …