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Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say
Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy. дальше »
2023-5-23 01:55 | |
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Dash experiences outage lasting over 18 hours
The Dash blockchain has experienced a multi-hour outage and the network is now waiting for node operators to upgrade their software. Samuel Westrich, CTO of Dash Core Group, said on May 21 that the network experienced a problem while activating v19 of Dash Core. дальше »
2023-5-23 01:21 | |
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South Korean exchange Coinone execs indicted in paid listing, market manipulation scandal
Four individuals have been indicated in relation to a listing scandal at the South Korean crypto exchange Coinone, The JoongAng said on May 21. Two executives, two brokers indicted According to prosecutors, Coinone listing team leader Kim Mo and Coinone listing broker Hwang Mo were both indicted. дальше »
2023-5-23 00:58 | |
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Securities Commission Malaysia (SC) orders Huobi Global to stop operations
The securities commission said Huobi was operating in the country without registration. The exchange was ordered to disable its website and mobile apps. Huobi was also ordered to cease circulating, publishing or sending advertisements to Malaysian investors. дальше »
2023-5-23 15:18 | |
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Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate. дальше »
2023-5-22 14:45 | |
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Gemini accuses parent company DCG of not paying $630 million dues
Gemini has said that its parent company DCG has failed to pay $630 million, which was due last week. The exchange stated that it is working with Genesis, DCG, and creditors to offer forbearanceThe post Gemini accuses parent company DCG of not paying $630 million dues appeared first on AMBCrypto. дальше »
2023-5-22 14:30 | |
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Jack Mallers said he didn’t trick anyone about Strike’s expansion plans
Jack Mallers denied tricking people about Strike’s expansion plans. The comment came in response to a tweet from @fiatjaf, who played down the new plans’ significance, release timeline, and impact in the broader crypto industry. дальше »
2023-5-22 14:00 | |
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China Fuels New Chip War as It Bans Purchases from Micron Technology
Coinspeaker China Fuels New Chip War as It Bans Purchases from Micron Technology The ban on Micron Technology has drawn a response from US Commerce Secretary Gina Raimondo who said America will not sit back and firmly oppose restrictions that are not backed by proper facts. дальше »
2023-5-22 13:38 | |
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Hotbit shuts down as cyber attacks, crypto crises weaken its operations
Crypto exchange Hotbit said it would halt all operations on May 22 by 04:00 UTC, advising its users to withdraw their assets before June 21. Why Hotbit is shuttering operations In a May 22 statement, Hotbit explained that centralized exchanges had witnessed a continuous outflow of funds following the several crises that hit the crypto […] The post Hotbit shuts down as cyber attacks, crypto crises weaken its operations appeared first on CryptoSlate. дальше »
2023-5-22 12:33 | |
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Huobi ordered to cease operations by Malaysian regulators
Crypto exchange Huobi was ordered to stop operating in Malaysia by the Securities Commission (SC) of the Asian country. The regulator issued a public reprimand to Huobi CEO Leon Li. In a May 22 press statement, Malaysia’s SC said Huobi operated in the country illegally because it failed to register as a digital asset exchange […] The post Huobi ordered to cease operations by Malaysian regulators appeared first on CryptoSlate. дальше »
2023-5-22 10:48 | |
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MetaMask firm counters FUD, says it doesn’t collect taxes from wallet users
ConsenSys, owner of the Ethereum wallet MetaMask, said on May 21 that it does not collect taxes from cryptocurrency users. Sale taxes do not apply to MetaMask users ConsenSys said on Twitter: “Let’s clarify one thing upfront: MetaMask does NOT collect taxes on crypto transactions and we have not made any changes to our terms […] The post MetaMask firm counters FUD, says it doesn’t collect taxes from wallet users appeared first on CryptoSlate. дальше »
2023-5-22 01:55 | |
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Biden opposes agreement that could protect “tax cheats and crypto traders”
U.S. President Joe Biden expressed opposition to a proposal that could result in low taxes for crypto investors, The Hill reported on May 21. Biden wants to cut crypto tax loopholes Following a G7 summit in Hiroshima, Japan, Biden said: “I’m not going to agree to a deal that protects wealth tax cheats and crypto […] The post Biden opposes agreement that could protect “tax cheats and crypto traders” appeared first on CryptoSlate. дальше »
2023-5-22 00:40 | |
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I asked ChatGPT about what lies ahead for MATIC, it said...
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polygon [MATIC] is one of the most popular cThe post I asked ChatGPT about what lies ahead for MATIC, it said... appeared first on AMBCrypto. дальше »
2023-5-21 17:15 | |
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DOJ charges Nevada man involved in $45M CoinDeal crypto scheme
The U. S. Department of Justice (DOJ) charged a Nevada man for his participation in a cryptocurrency scheme called CoinDeal on May 19. The DOJ said that Nevada resident Bryan Lee conspired with CoinDeal leader Neil Chandran to defraud investors through Chandran’s companies. дальше »
2023-5-20 00:43 | |
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Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress
Federal Reserve Chair Jerome Powell said on May 19 that the interest rates may not have to be increased as much as previously estimated to slow down the economy. Powell said that “developments” in the banking sector are resulting in tighter credit conditions which will likely impact economic growth and inflation. дальше »
2023-5-20 22:43 | |
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Scaramucci says market’s ‘overshot to the downside’ after FTX collapse is causing BTC to trade at huge discount
SkyBridge founder Anthony Scaramucci said during a Bloomberg TV interview that Bitcoin’s actual intrinsic value is around $40,000 and the flagship crypto is currently trading at an almost 50% discount. дальше »
2023-5-19 20:32 | |
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Going full maxi: Tensions flare as Bitcoin expert maintains that altcoins are scams
Coder and Bitcoin maxi Jimmy Song reiterated long-held views that all altcoins are scams — renewing the debate around the inherent vulnerabilities found with centralized projects. Song goes full maxi In a tweet response to Chainstore Labs CEO Bruce Fenton, Song said altcoins are responsible for hindering Bitcoin adoption — adding that they “deserve the […] The post Going full maxi: Tensions flare as Bitcoin expert maintains that altcoins are scams appeared first on CryptoSlate. дальше »
2023-5-19 12:15 | |
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Apple bans ChatGPT use for employees over fears of data leaks
An internal document from the tech giant said that while it develops its own AI technology, employee usage of outside AI chatbots will be restricted. дальше »
2023-5-20 11:30 | |
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NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said. дальше »
2023-5-19 04:41 | |
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Highlights from Financial Service Committee hearing on stablecoins
The Digital Assets Financial Technology Inclusion Committee held a hearing on May 18 to discuss stablecoin policy. In opening the meeting, Congressman French Hill said it is the committee’s aim to put through legislation supporting stablecoins as a recognized payment method. дальше »
2023-5-19 00:52 | |
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Coin Cafe surrenders $4.3M to New York AG over exorbitant fee structure
The Office of the New York Attorney General said May 18 that it successfully took action against crypto company Coin Cafe, which surrendered $4. 3 million after the agency found that it charged wallet users extremely high fees. дальше »
2023-5-19 00:40 | |
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CFTC doesn’t have authority to regulate cash crypto markets, chairman says
Commodity Futures Trading Commission (CFTC) chairman Rostin Benham said on May 18 that his agency cannot regulate cash crypto markets. In an interview on Bloomberg’s Odd Lots podcast, Benham said: “[We] don’t have legal authority to police cash crypto markets. дальше »
2023-5-19 23:22 | |
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FATF head urges G7 to bring order to ‘lawless crypto space’
The Financial Action Task Force (FATF) head T Raja Kumar said G7 nations need to take a more proactive approach to regulate the “lawless crypto space” as it continues to allow illicit financial transactions to occur around the world. дальше »
2023-5-19 20:18 | |
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Coinbase Cloud to run Chainlink node to advance smart contract connectivity
Coinbase Cloud, the Web3 infrastructure unit of Coinbase, said it would become a Chainlink (LINK) oracle node operator to improve smart contract security. In a May 18 statement shared with CryptoSlate, Coinbase Cloud said Chainlink plays a significant role in providing real-world data for web3 through decentralized Oracle networks. дальше »
2023-5-18 18:00 | |
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Report: Bitcoin miner Bit Digital expands in Iceland, stock jumps
Bit Digital (NASDAQ: BTBT), a leading Bitcoin mining company, is working to expand its operations in Iceland as the situation in the US worsens. In a statement, Samir Tabar, the company’s CEO, said that the regulatory situation in the US forced the firm to look for alternatives. дальше »
2023-5-19 16:00 | |
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Australia’s oldest bank bans payments to Binance
Westpac, Australia’s oldest bank, announced a ban on cryptocurrency transactions to certain exchanges on May 18. The bank said that it is blocking a number of crypto exchanges as part of a trial to “reduce scam losses. дальше »
2023-5-18 15:30 | |
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Ledger Continues to Defend Recovery System, Says It's Always 'Technically' Possible to Extract Users' Keys
"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said on Twitter. дальше »
2023-5-19 14:44 | |
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Absence of Retail Investors Could Stand in the Way of Pepecoin's Rise to Top Meme Coin: Santiment
A Santiment report said that pepecoin (PEPE) could face challenges amid a generally bleak trading environment. дальше »
2023-5-19 13:35 | |
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Ripple CEO points to regulatory confusion as US crypto firms seek growth elsewhere
Ripple CEO Brad Garlinghouse said U. S. crypto firms are increasingly focused on foreign jurisdictions due to the challenging regulatory landscape domestically. “I think it’s fair to say the U. дальше »
2023-5-18 12:30 | |
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Binance Australia can’t process Australian Dollar fiat deposits
Binance Australia said it could no longer process PayID Australian Dollar deposits for users because of “a decision” made by its third-party payment service provider. According to a May 18 statement, the exchange confirmed its users could process bank transfer withdrawals from its platform. дальше »
2023-5-18 10:45 | |
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First Voyager payouts should begin by June 1, creditors’ committee says
Voyager’s Official Committee of Unsecured Creditors said on May 17 that a pending repayment plan will take effect in the next few weeks. Users could access funds in coming weeks The committee said that bankruptcy courts have approved Voyager’s liquidation procedures and said that the plan will take effect as early as May 19. дальше »
2023-5-18 04:05 | |
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SEC deems Filecoin a security, asks Grayscale to withdraw trust registration
Grayscale said May 17 that the U. S. Securities and Exchange Commission (SEC) asked it to withdraw the registration statement for its Filecoin Trust. The SEC told Grayscale that Filecoin’s FIL token meets the definition of a security under the relevant laws. дальше »
2023-5-18 00:43 | |
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USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default
Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said. дальше »
2023-5-18 22:52 | |
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WazirX says Binance controls its WRX token
India’s top crypto exchange WazirX said Binance conducted the initial exchange offering (IEO) for its WRX token and still controls the token supply. In a May 16 statement, the WazirX team clarified the token’s management, saying Binance kept all the proceeds from the IEO — about $2 million — for itself. дальше »
2023-5-18 18:49 | |
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Tether to allocate 15% of its profits to purchase Bitcoin
The latest Tether news is that the company behind the leading stablecoin in the market USDT, is looking to allocate a portion of its profits towards the purchase of Bitcoin. The “investment strategy [is] aimed at further strengthening its reserves portfolio,” Tether said in a press release published on Wednesday. дальше »
2023-5-18 16:59 | |
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Tether USDT to strengthen reserves with Bitcoin purchase
Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate. дальше »
2023-5-17 16:05 | |
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Trust Is The Biggest Hurdle for Any Potential CBDC – Bank of England Financial Policy Committee Official
According to Carolyn Wilkins, an external member of the Bank of England’s Financial Policy Committee, the three main design principles for a Central Bank Digital Currency (CBDC) are staying focused on core public policy objectives, identifying and mitigating financial stability risks and setting high standards for technology. дальше »
2023-5-17 14:16 | |
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Lightning Labs teases new Taproot protocol for Bitcoin-based assets
Lightning Labs announced that the latest version of the Bitcoin Taproot Assets protocol is currently in the testnet phase — enabling multi-asset support via the Lightning Network. The company said the protocol had been a year in the making, initially launching under Taro. дальше »
2023-5-17 12:15 | |
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Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said дальше »
2023-5-17 10:21 | |
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