Tag: news.bitcoin
Blockchain
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022 A Twitter account called “Solanafm” says the defi protocol lost around
Blockchain
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval The deal represents a
Blockchain
Tax Agency Starts Checking Crypto Traders in Romania
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax The offensive is part of efforts to respond to financial trends, the country’s
Blockchain
Kuwait-Based Islamic Bank Enters the Metaverse
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse The bank now occupies two sites in the metaverse,
Blockchain
Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop
Blockchain
Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 00016 ether or $167 per transfer Average fees on Saturday have been as low as 32
Blockchain
Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi Users are advised to withdraw funds as soon as possible The announcement followed the introduction of a digital
Blockchain
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government
The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing
Blockchain
EU Makes Deal on MiCA Legislation to Regulate Crypto Markets
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal The progress in the negotiations over the
Blockchain
Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
The troubled crypto hedge fund Three Arrows Capital Ltd, otherwise known as 3AC, has filed for bankruptcy according to recent court filings The court papers show 3AC is aiming for an ancillary
Blockchain
NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume
Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days The week prior, $1529 million in NFT sales were recorded
Blockchain
BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the
