The retail gaming giant – GameStop – said it partnered with US brand of the popular cryptocurrency exchange – FTX. Over the course of the agreement, the former will begin carrying FTX gift cards in select stores. In addition, GameStop revealed that its quarterly sales declined to $1.14 billion compared to $1.18 billion in Q2,...Read More
The Toronto-based crypto exchange Coinberry has reportedly lost around $3 million in Bitcoin due to a software glitch in 2020. It was during a software upgrade that erroneously enabled users to purchase BTC with Canadian dollars that had yet to be properly transferred to their accounts. That loss of about 120 Bitcoins was not known...Read More
Ethereum, the world’s second-largest cryptocurrency, is all set to discard its energy-intensive proof-of-work consensus mechanism sometime next week. While ETH’s price could potentially decouple from other cryptocurrencies post Merge, staking yields is expected to catalyze institutional adoption, Chainalysis said in its latest report. On the other hand, it may be a difficult road for the...Read More
The blockchain intelligence firm Chainalysis announced on Thursday that it has successfully assisted law enforcement in seizing $30 million in crypto stolen by North Korean hackers of the Lazarus group. The ill-gotten proceeds were connected to the infamous Axie Infinity hack in March – the largest hack in decentralized finance (DeFi) to date. How the...Read More
Burry is best known for predicting and profiting from the collapse of the housing bubble, inadvertently paving the way for the meme-stock boom by investing in GameStop, and betting against Elon Musk’s Tesla and Cathie Wood’s flagship Ark fund last year. His prediction of the 2008 housing market collapse became the subject of the book...Read More
America’s largest cryptocurrency exchange is supporting a legal challenge against the U.S. Treasury Department following its sanctions against the privacy protocol Tornado Cash. The lawsuit’s plaintiffs include 6 individuals who have personally used the mixer, some of which include Coinbase employees. Defending Tornado’s Use Cases As reported by CNBC, Coinbase’s senior security risk analyst said...Read More
UK-based asset management company Brevan Howard has revealed details of its $1-billion crypto hedge fund that has been in the news lately. $1 Billion Crypto Fund In a statutory filing with US Securities and Exchange Commission (SEC), Braven Howard, a global asset manager with $25 billion in assets under management (AUM), provided details of two...Read More
Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the US Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The lawsuit explains that OFAC exceeded its authority from Congress and the President in sanctioning open source technology, rather than sanctioning...Read More
Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the U.S. Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The sanctions exceed Treasury’s authority, harm innocent people, remove privacy and security options for crypto users, and stifle innovation. By Brian...Read More
In an attempt to fight the galloping inflation, the European Central Bank, similar to its counterparty overseas, raised the key interest rates by 75 basis points. Unlike the Fed’s interest rate hikes, though, this one has had no real impact on BTC’s price, at least for now. With the skyrocketing inflation across the Old Continent,...Read More
As Celsius’ bankruptcy case drags on, more and more evidence of financial misconduct – or at the very least, mismanagement – seems to be coming to light. Prior reports had already indicated that the company’s real financial situation is far direr than originally stated. Celsius Insolvent Since 2019, Had Never Profitable Enough In the most...Read More
The cryptocurrency industry shed a trillion dollars in market in the recent months recently as Bitcoin cracked below the important $20K level. Financier and contrarian investor Peter Schiff says fierce competition from altcoins is taking its toll. Less than a month ago, the Bitcoin price was soaring above the $23,000 handle. The cryptocurrency’s precipitous fall...Read More
The beginning of the week was of mixed success for the crypto. And while Ethereum and Solana prices increased, Bitcoin declined. Meanwhile, the newest meme coin, Tamadoge, is again breaking all records. The project raised $12 million in a few weeks. Ethereum is the biggest winner of Monday Ethereum’s price went up by 4.19% to...Read More
It’s been a wild ride on Ethereum markets over the past 24 hours as the cryptocurrency went through considerable volatility. This caused a wave of liquidations across leveraged ETH positions, amounting to over $100 million in the past day. Data from Coinglass reveals that the past 24 hours saw almost $200 million in total liquidations. Over $110...Read More
Cryptocurrency scams are, unfortunately, a never-ending part of the industry, in which bad actors are trying to offer something too good to be true (usually to double one’s assets). The latest example came hours ago when Apple had a live event in regards to the new iPhones, AirPods, and Apple Watches. When the nearly 50-year-old...Read More
There’s now a new way for BitMEX users to participate in the KLAY universe, with KLAYUSD and KLAYUSDT listings having gone live on 8 September 2022 at 04:00 UTC. An open-source blockchain platform, Klaytn (KLAY) has quickly earned a reputation as the blockchain of choice for gaming, the metaverse, and the creator economy. And from...Read More
