Category: Cryptocurrency

Cryptocurrency platform BlockFi may be in trouble over ties to FTX

January 26, 2023

The crypto lending company might be short around $1.2 billion in assets Since crypto company FTX unexpectedly collapsed, the domino effect in the cryptocurrency industry seems to be increasingly evident. The cryptocurrency lending company that filed for bankruptcy at the end of November seems to have been exposed after certain documents about its financial statements […]

Cryptocurrency critic Elizabeth Warren continues push for greater industry regulation

January 26, 2023

U.S. Senator Elizabeth Warren isn’t shy in her criticism of the cryptocurrency industry. In December, the Senior Senator from the State of Massachusetts introduced a bipartisan bill with Senator Roger Marshall of Kansas to prevent money laundering with cryptocurrency.  Now Warren is warning of major turmoil in the blockchain asset industry if regulators fail to […]

North Korea-backed Lazarus Group behind $100M cryptocurrency heist last year

January 25, 2023

The global cybercriminal gang continues to steal money for the North Korean regime The US Federal Bureau of Investigation (FBI) confirmed earlier this week that North Korean threat actors were responsible for the theft of $100 million in cryptocurrency assets from Harmony Horizon Bridge in the middle of last year, which was reported on Americas […]

Cryptocurrency’s Gemini cutting staff to avoid bankruptcy

January 24, 2023

The cryptocurrency trading platform joins others reeling from a soft market Since the middle of last year, cryptocurrency exchange Gemini’s employee base has suffered considerably. As reported by Americas Cardroom, the cryptocurrency company has been trying to stay afloat and avoid bankruptcy through constant layoffs, which is clearly unfortunate news. 2023 has begun with this […]

Gemini cryptocurrency exchange cuts headcount by an additional 10%

January 24, 2023

Gemini, a cryptocurrency exchange co-founded by the Winklevoss twins, will be cutting its workforce by 10%, according to a company representative who spoke with CNBC on Monday. These layoffs will be the third round of personnel cuts for Gemini in under 12 months. The company reduced its staffing levels by 10% in June and a […]

ChatGPT is a tool that can help the blockchain community in different ways

January 23, 2023

The artificial intelligence superbot is coming to the aid of blockchain development Blockchain is also a technology that can bring a lot to the development of artificial intelligence (AI) and tools such as ChatGPT or DeepL and this is something that many developers are aware of and are looking to exploit in order to boost […]

CoinDesk might sell its cryptocurrency news platform

January 20, 2023

The media outlet is suffering a setback as its parent company takes a hit from the crypto downturn The cryptocurrency news website focused on what’s going on with CoinDesk has reached out to advisors at Lazard, a leading wealth management and financial advisory firm, to consider a possible full or partial sale of its business. […]

Cryptocurrency-skeptic JPMorgan CEO attacks Bitcoin in Davos

January 20, 2023

Although JPMorgan CEO Jamie Dimon is widely known for aversion to Bitcoin, the crypto-skeptic ramped up his attacks today (Thursday). At the World Economic Forum in Davos, Switzerland, Dimon called Bitcoin “a hyped-up fraud” and “a pet rock”, referring to the 1970s fad. In an interview with the cable financial news network CNBC, Dimon said […]

US arrests Russian behind cryptocurrency exchange that catered to crooks

January 19, 2023

The man behind Bitzlato will have to explain his comments to US authorities A Russian founder of the China-based cryptocurrency exchange platform Bitzlato, suspected of laundering millions of dollars of criminal activity, was arrested Tuesday night in the US. Five of his alleged accomplices were detained in Europe. According to the Department of Justice (DOJ), […]

A new RPG video game will be powered exclusively by the Kin cryptocurrency

January 18, 2023

GodSlayer attempts to give cryptocurrency a new reason to succeed KIN is the token of Kin, a blockchain project based on Ethereum, whose mission is to serve as a currency of exchange and reward in the day-to-day services available on this platform, such as chat, social networks, or payments. The Kin cryptocurrency is specifically designed […]

In 20-page presentation, new FTX CEO alleges $415 million in cryptocurrency was hacked

January 18, 2023

Lawyers and advisors for the bankrupt cryptocurrency company FTX have revealed that approximately $415 million in cryptocurrency was hacked from accounts on the firm’s platform.  This represents a sizable portion of the $5.5 billion in assets that FTX is trying to recover. The news came during a 20-page presentation by lawyers and advisors of FTX.  […]

Binance introduces off-exchange settlement for institutional investors

January 18, 2023

The world’s largest cryptocurrency revealed some excellent news for institutional investors this week.  Binance announced that institutional investors will be able keep their leverage position collateral off its platform.  The particularly development is welcome, especially in the aftermath of the FTX collapse last autumn. According to Binance, qualified firms will now have the option to […]

Conspiracy theories abound after four cryptocurrency millionaires die in less than 30 days

January 17, 2023

Mysterious deaths as cryptocurrency tanked have some wondering what is going on The beleaguered cryptocurrency industry and its wealthy pioneers are facing a moment of reckoning following the collapse of cryptocurrency exchange FTX and hedge fund Alameda Research. Since then, what has seemed strangest is that well-known tycoons in the virtual currency industry lost their […]

Environmentalists go after New York in court over cryptocurrency mining policy

January 16, 2023

New York is curbing crypto mining, but environmentalists feel the move doesn’t go far enough Late last week, environmental activists filed a lawsuit against the New York Public Service Commission (PSC) for approving a cryptocurrency mining facility in the state. According to several reports in September last year, the PSC authorized the Fortistar North power […] slashes headcount by another 20% in aftermath of FTX fiasco

January 16, 2023 announced today that it is laying off 20% of its employees.  The company, which is based in Singapore, primarily blamed the collapse of FTX for weakening the overall industry. Discussing the layoffs, Co-founder & CEO Kris Marszalek said, “Several factors played into our decision to reduce headcount. While we continue to perform well, […]

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