DCG, a leading player in the crypto industry, announced today that its crypto-lending subsidiary, Genesis, has filed for Chapter 11 bankruptcy. The filing comes as a surprise to many in the industry, as Genesis had been one of the most […]
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National Australia Bank (NAB) has announced the creation of a stablecoin, called AUD-N, which is pegged to the value of the Australian dollar. The bank aims to use this stablecoin as a means of settling transactions between banks more efficiently […]
Environmentalists have expressed worry over the excessive energy consumption of mining equipment and the absence of recycling in recent years. Miners have also expressed unhappiness with noisy mining equipment that emits a great deal of heated air and must therefore […]
In response to market conditions world’s leading cryptocurrency exchange, Coinbase, has announced that it will be halting operations in Japan. This news comes less than a month after another major exchange, Kraken, announced its withdrawal from the country. According to […]
Quick take HashKey Capital has successfully raised $500 million for its third fund, which it believes is the perfect time to launch due to the current market conditions being at the “bottom of the next cycle.” Hashkey Fintech Investment III […]
FTX, the unpopular cryptocurrency exchange, declared bankruptcy on November 11th, 2022, leaving many investors and traders in shock. However, despite the bankruptcy filing and the ongoing investigation on FTX, the exchange’s native token, FTT, has seen a massive surge in […]
The Seoul Metropolitan Government has launched its own metaverse platform, called “Metaverse Seoul“, which is a virtual world where users can play games, chat, file official forms, receive help with taxes, and access other city services. This makes Seoul the […]
Quick Take The founders of Three Arrows Capital and CoinFlex are pitching to investors to create a new crypto exchange focused on claims trading They are seeking to raise a total capital of $25 million from investors The goal is […]
The security teams at Binance and Huobi collaborated to recover 121 Bitcoin (BTC) from hackers who had exploited the Harmony bridge. The hackers attempted to launder the funds through Huobi, but their actions were detected by Binance. Binance then contacted […]
We’re entering the third week of January, 2023 and would like to share the most important cryptocurrency news from Week 2. Top Cryptocurrency News FTX recovered over $5 Billion in Assets – FTX, a collapsed cryptocurrency exchange, has recovered over […]