Category: Cryptocurrency

The Coinbase cryptocurrency exchange broke on Sunday, leaving trades frustrated

October 3, 2022

Coinbase users were left with no way to manage their accounts following a glitch As witnessed lately on Americas Cardroom, Coinbase continues to have issues with technical bugs, leaving end users feeling very bewildered in the process of setting up their private transactions. Coinbase users with US bank accounts found themselves unable to make transactions […]

Cryptocurrency “entrepreneur” destroys $10M piece of art so he can make NFTs

September 30, 2022

Martin Mobarak could face criminal charges over a misguided publicity stunt Businessman Martin Mobarak has generated great controversy and outrage in the international art world. He set fire to the work “Fantasmones Siniestros” by Mexican artist Frida Kahlo to turn it into NTFs. The piece was valued at $10 million and is now just a […]

FTX might be considering making a play for Celsius

September 29, 2022

Celsius Network wasn’t able to survive the cryptocurrency crash and needs to cut its losses Reports suggest that Sam Bankman-Fried, founder and CEO of FTX, has another troubled company, Celsius Network, in his sights. The Bahamian cryptocurrency exchange is apparently considering another round of bids to acquire the assets of the bankrupt cryptocurrency lender. This […]

The Lazarus Group is using to ship malware to macOS devices

September 28, 2022

The clandestine criminal organization continues to find new ways to steal cryptocurrency The infamous Lazarus Group has continued its pattern of taking advantage of unsolicited job opportunities to deploy malware targeting Apple’s macOS operating system. This North Korean hacking group uses fake job offers from to lure artists and developers into the crypto space […]

Several states are going after cryptocurrency lending platform Nexo

September 27, 2022

The states accuse the company of offering unlicensed securities Different state authorities in the country have filed lawsuits against the popular crypto-lending platform Nexo. The legal action is due to the firm allegedly selling unregistered securities in the states without any permits. The California Department of Financial Protection and Innovation issued a cease-and-desist order against […]

The battle between the SEC and Ripple could be nearing its end

September 26, 2022

The long-running fight over XRP and its status is reportedly in the final stages The critical court case between the Securities and Exchange Commission (SEC) and Ripple Labs that has captured the attention of the cryptocurrency industry in recent years may soon come to an end. Because of this, the price of XRP has broken […]

Dutch Central Bank grants Coinbase regulatory approval to operate in the Netherlands

September 23, 2022

Coinbase announced on Thursday that it has been granted approval to operate as a cryptocurrency service provider in the Netherlands.  The US-based crypto exchange is now registered with the Dutch Central Bank, which is known locally as the DNB or De Nederlandsche Bank.  This development makes Coinbase the world’s first major international cryptocurrency exchange to […]

Coinflex putting together restructuring plan that would give creditors control

September 23, 2022

The cryptocurrency exchange is struggling to stay intact following the drop in the market Beleaguered cryptocurrency exchange CoinFlex has launched a restructuring plan more than a month after filing the same in a Seychelles court. It was one of several companies to restructure following the cryptocurrency collapse earlier this year. The firm has proposed a […]

Tether ordered to prepare full accounting of its USDT backing

September 22, 2022

For years, Tether has avoided proving its stablecoin is backed by real currency Recent reports indicate that a US District Court judge for the Southern District of New York has ordered Tether to produce documents showing USDT’s backing, as part of a lawsuit alleging that the firm manipulated cryptocurrency markets. The order requires Tether to […]

Cryptocurrency market maker Wintermute loses $160M in theft

September 21, 2022

The DeFI platform allegedly suffered a hack that may cost users millions Wintermute calls itself “one of the largest players” in the global cryptocurrency market. The firm claims to manage “hundreds of millions” in assets and trades more than $5 billion per day. Its founder and CEO, Evgeny Gaevoy, goes by “wishful cynic” on his […]

Colorado residents can now make tax payments in crypto

September 21, 2022

As Bitcoin and other crypto assets flirt with 52-week lows, it’s not all bad news for fans of the blockchain—at least in the State of Colorado. Governor Jared Polis just announced that residents of the state will be able to pay their taxes using crypto. The announcement comes as Colorado’s capital hosts Denver Startup Week. […]

Icebreaker Finance launches $300 Million pool for crypto miners through Maple Finance

September 21, 2022

Maple Finance and Icebreaker Finance announced today that they are providing $300 million in funding to bitcoin mining firms.  That cash comes in the form of secured debt financing and will be available to both private and public entities that are located in North America and Australia. To qualify, loan applicants must meet power strategies […]

Video games are coming to the Bitcoin blockchain

September 20, 2022

Several well-known video games are being recreated on the blockchain If you are a fan of games like Snake, Solitaire, or even Counter-Strike, you can make use of your skills to earn Satoshis, small fractions of Bitcoin (BTC). It seems that gaming companies Thndr and Zebedee are taking advantage of the Lighting Network (LN) boom […]

UK regulator warns public against FTX crypto exchange

September 20, 2022

The Financial Conduct Authority of the United Kingdom has warned the public that a popular cryptocurrency exchange lacks authorization to operate in the UK.  The UK Financial Conduct Authority made it known that FTX—which was co-founded by American Entrepreneur Sam Bankman-Fried and is currently based in the Bahamas—is not allowed to offer financial services or […]

Coinbase targets US lawmakers with new feature in advance of U.S. elections

September 20, 2022

Coinbase is getting political.  The popular cryptocurrency exchange is rolling out a new feature that will help its users know whether local politicians are crypto-friendly. With November’s mid-term elections just weeks away, Coinbase users can take advantage of a new scorecard feature that will let them know where lawmakers stand.  With information at the disposal […]

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