Bitvavo Custody BV Prefunding $296.7M of Digital Wealth Trapped in DCG to Safeguard Users from Service Disruption
Bitvavo is set to shield its users from the liquidity challenges locking Digital Currency Group (DCG), compelling it to suspend…
Bank of Russia Rules Out Free Crypto Investment
The recent position by the Russian government affirmed the exclusive utilization of Bitcoin to support and boost foreign trade. In…
Italy Announces Algorand Support for Digital Guarantees Targeting Banking and Insurance Segments
Italy is set to utilize Algorand's blockchain technology in supporting its digital guarantees targeting insurance and banks. Italy's announcement of…
Bitcoin Mining Firm Core Scientific Receives $72M Bailout from B. Riley
B. Riley confirms granting $72M financing to save Core Scientific from the bankruptcy filing. The December 14 announcement indicated the…
Nasdaq Grants Bitfarms 180 Days to Correct Share Price Deficiency
The crypto winter has plunged Bitfarms into compliance challenges prompting Nasdaq to serve an initial warning over share price deficiency. The…
Uswitch Ranks Netherlands Top in a Survey Assessing Metaverse Readiness
A recent survey by Uswitch to assess the countries' preparedness for metaverse uptake revealed that the Netherlands is ready to…
VeeFriends Creator Attributed NFT Market Slowdown to Oversupply and Greed
The NFT advocate Gary Vaynerchuck revealed oversupply, greed, and inferior creations as the factors that plunged the NFT market to…
FTC Blocks Microsoft Corp. from Acquiring Activision Blizzard
The US Federal Trade Commission confirmed blocking Microsoft Corp from taking over gaming giant Activision Blizzard. The intervention by the…
FSB Set to Issue Global Standards to Address Crypto Risks
The Financial Stability Board (FSB) announced advanced plans to lay out standards to address crypto risks in 2023. The FSB…
North Carolina Judge Reconsiders How CFTC Should Serve Ooki Dao Cofounders
A US federal judge sitting in the Northern Carolina District court directed the Commodities Future Trading Commission (CFTC) to serve…
SushiSwap Incurred a $30M Loss for Incentivizing Liquidity Providers During the Bearish Crypto Year
SushiSwap chief executive Jared Grey regretted the incentives advanced to liquidity providers in a year considered the coldest crypto winter.…
CoinCorner Confirms Partnering with Bitnob to Ease Europe Remittance to Africa via Bitcoin Lightning Network
CoinCorner partnership with Bitnob downplayed the prevailing crypto winter hindering global crypto adoption. Executives drawn from the two crypto firms…
Justin Beiber Leads Dozens of Celebrities Mentioned in Class-Action Lawsuit Alleging Misleading Promotion of Yuga Labs NFTs
Dozens of global celebrities, led by Madonna, Paris Hilton, and Justin Beiber, featured in a class-action lawsuit claiming they misleadingly…
Crypto Trading Firm FalconX Dismisses Liquidity Crunch Speculations over Funds Trapped in FTX
US-based specialist for institutional crypto trading dismissed speculations alleging it was confronting a liquidity crunch. FalconX clarified that though 18%…
Bahamas Securities Commission Files Motion to Access FTX’s Users’ Database
The attorneys acting on instructions from the Securities Commission of Bahamas, submitted an emergency at the Delaware bankruptcy court in…
US Department of Justice Confirms Commencing Investigating Alleged Funds’ Siphoning in FTX
Officials from the Department of Justice (DOJ) revealed contacting FTX's overseers in parallel scrutiny on potential funds' siphoning by former…