Latest Web 3 and Cryptocurrency News
Many newsworthy events happen throughout the crypto industry every day. These could be the latest developments about Bitcoin and mining, Ethereum, meme coins, or some of the many other altcoins on the market.
Blockchain projects keep bringing updates of old coins and developing new ones, sometimes organizing initial coin offerings (ICOs) to raise funds. At the same time, Web 3.0 is on the rise.
Among other innovations, the next stage in the development of the world wide web has brought decentralized finance (DeFi), non-fungible tokens (NFTs), and play-to-earn (P2E) games. Businesses and decentralized autonomous organizations (DAOs) are doing their best to achieve projects’ aims, while national governments and lawmakers are increasingly looking to regulate the crypto industry.
So, apart from offering reviews and informative and easy-to-grasp Crypto Academy guides, we also provide regular coverage of all the described industry fields. Stay tuned for the trustworthy news you need to hear about!
Mt. Gox postpones deadline for repayment selection to March 2023
Mt. Gox’s attorney Nobyaki Kobayashi states that the previously announced deadline for repayment selection on January 10 has been moved to March 10 after obtaining the court’s permission. Now, all the clients will have more time to decide how they want to receive the repayment and fill in their payee information on Mt. Gox. The […]
Sam Bankman-Fried wants to hold Robinhood shares, pay lawyers
The former FTX CEO, currently out on bail awaiting trial, is fighting for Robinhood shares claimed by both FTX and BlockFi to pay legal fees. On Dec. 28, during a court hearing, Judge Michael Kaplan agreed to consider BlockFi’s request to transfer 56 million Robinhood market shares, valued at $430 million, to a neutral broker […]
Huobi to lay off 20% of employees, Justin Sun denies rumors
Amid rumors of possible insolvency, the Huobi crypto exchange plans to lay off 20% of its workforce, an official confirmed to Reuters. On January 6, Huobi stated: The planned layoff ratio is about 20%, but it is not implemented now. With the current state of the bear market, a very lean team will be maintained […]
Silvergate cuts off 200 jobs to cover last year’s net losses
Fintech company primarily providing services for cryptocurrency businesses cut nearly 40% of its workforce to cover $8.1 billion of customers’ withdrawals. As reported by the Wall Street Journal, the company’s decision is primarily related to FTX and BlockFi collapses. Yet, back then, the crypto bank reassured its users that the exposure to both bankrupt firms […]
Mango Markets exploiter to remain in detention until trial
The United States District Court for the District of Puerto Rico could find no grounds to release Avraham Eisenberg from custody before trial. Quite the contrary. Avraham was apprehended by Puerto Rico police on December 28 and charged with market manipulation and fraud in connection with the October 11 Mango Markets exploit. Related: Mango Markets […]
SEC is against Binance.US to buyout Voyager Digital
The U.S. Securities and Exchange Commission finds Binance.US’s $1 billion deal to buy Voyager Digital insufficient, emphasizing the size of the deal and the unreliability of the origin of Binance.US’s assets. On January 4, the SEC filed an objection to authorizing entry to Binance.US’ purchase of Voyager Digital, stressing the latter still seeks conditional approval […]
Grayscale ETH trust sinks to 60% all-time low, GBTC to 45%
As concerns widen around its parent company, Digital Currency Group, Grayscale’s Ethereum and Bitcoin trusts have fallen to record discounts. The Grayscale Ethereum Trust (ETHE) is currently trading at a significant discount of almost 60% to the value of its underlying assets. This follows a 93% decline in share value from its all-time high in […]
Crypto payments and infrastructure provider Wyre shuts down
Wyre will cease operations in January 2023 after its $1.5 billion acquisition by Bolt Financial fell through. The main reason is inability to operate in current market conditions. Wyre is a financial technology company that enables individuals and businesses to send and receive payments globally. It was founded in 2013 and has millions of users […]
U.S. federal agencies publish joint statement on crypto
Three U.S. financial institutions have joined forces to clarify the FUD regulatory situation that has arisen over the past year related to cryptocurrency banking. They do not endorse crypto banking, but neither do they encourage it, according to the new statement.Related: CFTC learns a lesson from FTX collapseAt the start of the new year, The […]
Ukraine enables crypto payments in pharmacies via Binance Pay
ANC Pharmacy, one of the largest pharmacy chains in Ukraine, has announced that it will accept cryptocurrency payments via contactless payment service Binance Pay. Customers will be able to make instant payments while purchasing pharmacy products online at ANC Pharmacy, as well as pharmacy stores Kopiyka and Shara, using Binance Pay. The new feature will […]