Crypto news

Vishal Gupta, head of exchange and markets at crypto exchange giant Coinbase, has left the company. The executive’s departure comes shortly after Coinbase was issued a Wells notice by the US Securities and Exchange Commission (SEC). Another Crypto Exec Leaves Company In a tweet thread on Monday (April 10, 2023), Vishal Gupta announced that he was leaving Coinbase after serving as the firm’s head of exchange and markets for nearly three years, a position he took up in...

Robert F. Kennedy Jr – the nephew of former President John F Kennedy, who challenged Joe Biden for the Democratic nomination in the 2024 elections – blamed the Federal Reserve for the current disturbing condition of the financial sector. He believes cryptocurrencies like bitcoin could serve as lifeboats to individuals “when this bubble invariably bursts.” Pro Bitcoin and Anti CBDC The 2024 presidential campaign in the United States of America includes some interesting names,...

With Ethereum’s long-awaited Shapella upgrade just around the corner, it seems very few network users plan to put the protocol change to immediate use.  Data from IntoTheBlock shows that just 0.6% of Ethereum validators are planning to withdraw their stake after the hard fork.  As tweeted by the market intelligence provider on Tuesday, just 3,614 out of 562,717 Ethereum validators had chosen to withdraw their stake as of April 10.  Meanwhile, the upgrade rolls out at block...

XRP is one of the handful of crypto-assets that has outperformed Bitcoin in the latest market-wide rally. Traders are placing their bets on a potential victory for the blockchain firm Ripple’s multi-year legal battle against the US Securities and Exchange Commission (SEC), with a ruling expected in April. In the past two weeks alone, XRP was up by 40%. XRP’s Retail-Driven Rally According to the latest report by Kaiko, XRP trading activity has been heavily concentrated on...

Former presidential candidate and political commentator Tulsi Gabbard is taking a stand against the Biden administration’s plans to develop a Central Bank Digital Currency (CBDC) in the United States.  The ex-congresswoman argued on Sunday that CBDCs will be used as tools of mass financial surveillance that “undermine our autonomy and freedom.”  Standing Against a Cashless Society In a tweet released over the weekend, Gabbard said that the federal government has already begun...

About a month or so ago, Silicon Valley Bank (often known as SVB) went kaput and crashed, and many analysts said it was one of the biggest financial collapses to happen in America since the days of 2008 and the Great Recession. Silicon Valley Bank Has Gone Under During that time, as we all remember, banks like Washington Mutual either collapsed into a heaping pile of ash and brimstone or were bought out by larger monetary firms such as Chase Bank. In any case, Silicon...

With the much-awaited Shapella (Shanghai) upgrade just hours away, the value of staked Ethereum with unrealized losses has decreased significantly. But it is the largest stakers who have suffered the greatest losses. Unrealized Losses on Ethereum Beacon Chain According to Glassnode, the net unrealized loss on the Ethereum Beacon Chain now stands at $4.7 billion, after falling by 71% from the peak of $16 billion following the collapse of Terra Luna ecosystem tokens. During the...

Aumenta Solutions and MSI’s port infrastructure maintenance project is based on the Ardor blockchain and makes use of augmented reality technology. The TECNIO Centre EASY research group’s Aumenta Solutions, an augmented reality solution provider for industry, engineering and architecture professionals, has partnered with shipping company MSI and blockchain development and maintenance firm Jelurida to transform the port infrastructure maintenance industry. The collaboration will incorporate...

The Chinese tax authority claim Bitmain was issued with a tax violations notice in August last year but has withheld paying individual tax income of about $2.4 million. Bitmain Technologies Ltd., a Beijing-based company that is well known for designing application-specific integrated circuit (ASIC) chips used in Bitcoin mining, has reportedly been fined approximately 25 million Chinese yuan, equal to about $3.7 million, for allegedly failing to pay personal income taxes in China....

As the biggest provider of internet search services as well as app hosting-related services, Google is often in the crosshairs of anti-competitive investigations from regulators around the world. Google, the subsidiary of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has been fined by the South Korean Fair Trade Commission (KFTC) for anti-competitive practices targeted toward rival app hosting platforms. As reported by TechCrunch, the fine was pegged at around 42.1...