In April of this year, Fidelity Investments announced that it will start to give customers the option to put Bitcoin (BTC) in their 401(k)s. But US Senators are trying to convince the Financial Giant to renege from offering BTC-backed retirement…
Kaspersky: Crypto Scammers Will Soon Move Away From Using Bitcoin
Ransomware negotiations and payments may soon rely less on Bitcoin as a form of payment, according to cybersecurity firm Kaspersky. The company with Russian roots ascribed this shift to advancements in the technology used to track Bitcoin’s movement and suppliers,…
DeFi Platform InsurAce to Pay Out FTX Claims And Launches Crypto Deposit Insurance Scheme
Efforts continue to be made to restore investor trust in the crypto markets. DeFi insurance provider InsurAce is introducing the “Crypto Deposit Insurance Scheme,” a new crypto deposit insurance program (CDIS.) Reaction to Ailing CeFi Industry The product is being…
New York Governor Bans Crypto PoW Mining For 2 Years
On November 22, New York Governor Kathy Hochul officially enacted a two-year ban on proof-of-work (PoW) crypto mining, making it the first state in America to do so. Mining Now Restricted to Green Companies The PoW mining moratorium will not…
Gemini Under Scrutiny Despite Assurances that Funds are Safe
The collapse of FTX, a major cryptocurrency exchange, has put into question the stability of all exchanges. This doubt in the crypto space did not spare Gemini, considered to be one of the most regulated crypto companies in the US.…
JPMorgan Registers Trademark For Crypto Wallet, Announces New Crypto Services For Customers
The “J.P. Morgan Wallet” has been legally registered and patented by JPMorgan with the US Patent and Trademark Office, according to a formal document released on November 21, 2022. (USPTO). JP Morgan’s Crypto Plans The legacy bank will start providing…
FTX-Owned Crypto Exchange Liquid Suspends Trading Due to Bankruptcy Proceedings
Liquid Global, a cryptocurrency exchange with headquarters in Japan that was formerly owned by the bankrupt exchange FTX, stopped all trading after being “instructed” to do so by the bankruptcy attorney’s office. Trading Stopped Indefinitely A tweet from Liquid Global’s…
Genesis Disputes “imminent” Intentions to Declare Bankruptcy.
Genesis, a cryptocurrency loan firm, has denied rumors that it is preparing to file for bankruptcy “imminently” if it is unable to meet a $1 billion shortfall brought on by the collapse of cryptocurrency exchange FTX. Company Couldn’t Raise Capital…
Cardano’s Algorithmic Stablecoin DJED to be launched by January 2023.
The much-awaited Cardano-based algorithmic stablecoin DJED is set to be launched on January 2023. This was announced by Shahaf Bar-Geffen, CEO of Coti, in the 2022 Cardano Summit. The new stablecoin was first announced in 2021 by Charles Hoskinson, Cardano’s…
Fiat-backed and Regulatory-Compliant Stablecoin to be Built on the Cardano Network.
Emurgo, the official commercial arm of Cardano, is set to release USDA, a fiat-backed and regulatory-compliant stablecoin by the first quarter of 2023. The USDA stablecoin is intended to protect users from crypto market volatility by pegging the token to…
Crypto Phishing Scams Surge with $71 Million Stolen in March
In the ever-evolving landscape of cryptocurrency, phishing scams have become a significant concern, with devastating…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
