Cyptocurrency

UK bank Starling bans crypto-related purchases and deposits citing high risk

Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders.Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin (BTC) or receive incoming transfers…

Continue ReadingUK bank Starling bans crypto-related purchases and deposits citing high risk

Crypto lender Hodlnaut reportedly faces police investigation in Singapore

Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.According to reports published in local media, the police’s commercial affairs department has launched an investigation into the founders of the exchange based on multiple…

Continue ReadingCrypto lender Hodlnaut reportedly faces police investigation in Singapore

FTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’

An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to begin production soon. The series has been purchased by technology conglomerate Amazon and will likely air on Amazon’s video streaming service…

Continue ReadingFTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’

Block Earner sued over crypto-yield products, CEO calls for clarity

The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing unlicensed crypto-based investment products.The Australian Securities and Investment…

Continue ReadingBlock Earner sued over crypto-yield products, CEO calls for clarity

Casper Association launches $25M grant to support developers on its blockchain

Scalable blockchain network Casper announced the launch of its new Casper Accelerate Grant Program on Nov. 23, created to support developers and innovators who are building apps to support infrastructure, end-user applications, and research innovation on its blockchain.JUST IN from @nextblockexpo: We're…

Continue ReadingCasper Association launches $25M grant to support developers on its blockchain

US lawmakers ask DOJ hold FTX execs accountable ‘to the fullest extent of the law’

Two Democratic members of the United States Senate have called on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing.In a Nov. 23 letter to U.S. Attorney General Merrick Garland and Assistant Attorney General…

Continue ReadingUS lawmakers ask DOJ hold FTX execs accountable ‘to the fullest extent of the law’

Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities

The environment is now a global priority, evidenced by the threat of increasing carbon dioxide emissions reaching 414.72 parts per million, a new record high in 2021, as reported by the National Oceanic and Atmospheric Administration's Climate in the United States.…

Continue ReadingBlockchain-based infrastructure forges the future for carbon markets, crypto and commodities

Sam Bankman-Fried says he is ‘deeply sorry’ for collapse in letter to FTX team

Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse. In a Nov. 22 letter reviewed by Cointelegraph, Bankman-Fried breaks down the reasons behind FTX’s liquidity crisis and subsequent bankruptcy…

Continue ReadingSam Bankman-Fried says he is ‘deeply sorry’ for collapse in letter to FTX team

Blockchain VC funding halves in October despite some strong raises

Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly.The Cointelegraph Research Terminal VC database, which compiles comprehensive details on deals, mergers and acquisition…

Continue ReadingBlockchain VC funding halves in October despite some strong raises

BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’

Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGrayscale, GBTC still dominate crypto moodData from Cointelegraph Markets Pro and TradingView showed BTC/USD shunning volatility after…

Continue ReadingBTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’

Productively Paranoid: Here’s how Kraken celebrated Cybersecurity Awareness Month

We at Kraken believe that driving global crypto adoption relies on a solid cybersecurity framework in order to protect our clients’ financial freedom. It’s why our motto is security above everything. It’s also why we commemorate Cybersecurity Awareness Month each October.…

Continue ReadingProductively Paranoid: Here’s how Kraken celebrated Cybersecurity Awareness Month

DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise.Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized…

Continue ReadingDeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

Central banks can use Bitcoin to fight off sanctions: Harvard research

A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers. A working paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” released by Matthew Ferranti, a Ph.D.…

Continue ReadingCentral banks can use Bitcoin to fight off sanctions: Harvard research

New York AG pushes prohibition of crypto purchases via retirement funds

The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New York Attorney General (NYAG) Letitia James recommended prohibiting crypto investments in…

Continue ReadingNew York AG pushes prohibition of crypto purchases via retirement funds