Crypto news

Lebanon is adopting a new official exchange rate, devaluing its local currency by nearly 90%. The new rate is set at 15,000 Lebanese pounds against the U.S. dollar, according to a January 31 report, which cited a statement from the country’s central bank governor, Riad Salameh. This marks a significant shift from the old rate of 1,507 Lebanese pounds per dollar. The official Lebanese currency has been pegged to the dollar at that rate since 1997. Salameh stated that...

Bitvavo – a Dutch bitcoin exchange – has rejected a proposal from the Digital Currency Group (DGC) headed by Barry Silbert to repay approximately 70 percent of the debt owed to it by Genesis Trading. Bitvavo says the company has the money to pay back 100 percent of the debt and should do so without making executives wait any longer. Bitvavo Says “No Way” to the DCG Not long ago, Bitvavo announced it had just shy of $300 million locked up in Genesis. The proposal to pay...

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Legal counsel representing Celsius’ Official Committee of Unsecured Creditors has refuted recent claims that submitted bids for the crypto lender’s assets were rejected. Last week, crypto journalist Tiffany Fong claimed she received documents detailing the bids on Celsius’ crypto assets, which “for the most part, abandoned.” According to Fong, Binance, Bank to the Future, Galaxy Digital, Cumberland DRW, and Novawulf had submitted their bidding proposals for Celsius’ assets,...

The Twitter account of legendary Green Bay Packers football player Aaron Rodgers was recently hacked by crypto scammers. The Twitter Account of Rodgers Was Compromised Fans of the sportsman noticed his account was sending various crypto-related posts and messages to Elon Musk, the man who now runs the social media conglomerate. These messages contained various cryptocurrency ads and promotions and given what a center for crypto fraud Twitter has been in recent years,...

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2022 can easily be considered the worst year when it comes to securing cryptocurrencies, as projects suffered a series of devastating hacks and exploits. According to the latest Chainalysis report shared with CryptoPotato, $3.8 billion was stolen from cryptocurrency businesses, with decentralized finance (DeFi) being the primary target. March and October saw huge spikes, with $732.4 million and $775.7 million, respectively. The latter went on to become the biggest single...

[PRESS RELEASE – Please Read Disclaimer] Learn from the best collective experiences and insights from some of the world’s most successful blockchain companies on navigating the evolving web3 space. Feb 1, 2023 — Israel’s most successful web3 businesses have come together to organize the first annual ETHTLV, which will run from February 1 to 9 in Tel Aviv. The inaugural event aims to invigorate the country’s thriving startup community, establish the community’s foothold in the...

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