Crypto news

The CEO of the US-based crypto giant said he wants to sell 2% of his entire stake in the company throughout the next several months. His intentions are to use that capital to fund some scientific research and companies. Armstrong took it to Twitter to inform the community about his decision, which is based on his desire to help accelerate science and tech to “help solve some of the biggest challenges in the world.” As such, he will sell 2% of his Coinbase holdings over the...

After CryptoCom, the crypto service platform – BlockchainCom – has announced plans to restrict Russia-based users. In an email to its users, the company notified that it will block the accounts of Russians. The move comes after the European Union’s (EU) eighth package of sanctions against Russia. According to the news agency RBC’s latest report, Russian users have until October 27th to withdraw funds, following which the accounts will be blocked. The crypto wallet said in a...

Despite the market downturn of 2022, legendary value investor Bill Miller remains bullish on his two favorite investments: Amazon, and Bitcoin. In a recent interview, the former chief of Legg Mason called cryptocurrencies “misunderstood,” and referred to Bitcoin as an “insurance policy against financial disaster.” Remaining Patient Miller voiced his opinion on the market in conversation with Marvin McIntyre – Morgan Stanley’s Private Wealth Management managing director – at...

Scams related to crypto wallets are on the rise, and users report a phishing application for mobile devices masquerading as Nami Cardano wallet designed to steal seed phrases and funds. The fake wallet was found on Apple’s App Store and is still available for download. If a user enters the seed phrase, the app steals the data and sends it to app developers, thereby giving direct access to ADA held on the actual browser-based Nami wallet. For the uninitiated, Nami is a...

New York Digital Investment Group (NYDIG) – an investment management firm that offers a wide variety of bitcoin services – reportedly laid off around one-third of its staff in September. Not long ago, it announced the departure of CEO Robert Gutmann and President Yan Zhao. Despite the redundancies, the former leaders remained as key members of NYDIG’s parent company – Stone Ridge Holdings Group. Joining the Dismissal Spree The Wall Street Journal informed that last month...

Im Namen einer Vielzahl von europäischen Klägern wurde bei einem spezialisierten britischen Wettbewerbsgericht eine Sammelklage gegen Visa und Mastercard eingereicht. Die Kläger fordern Schadensersatz für unrechtmäßige Gebühren. Harcus Parker reicht Klage beim britischen Competition Appeal Tribunal (CAT) ein Harcus Parker, eine im Vereinigten Königreich ansässige Anwaltskanzlei für Handelsstreitigkeiten, reichte die Klage gegen Visa und Mastercard ein. Der Fall wird vor dem Competition...

Lawyers representing the Official Committee of Unsecured Creditors (UCC) of Voyager Digital have raised objections to sweeping legal immunity being planned for the firm’s senior executives. Last month, the Sam Bankman-Fried (SBF)-led crypto exchange FTX won the bid for Voyager for $1.4 billion, beating Binance in the race. However, the Voyager management has reportedly added immunity from future lawsuits for its top executives as a precondition for the deal to get through. ...

It appears bitcoin and crypto traders are doing their best to ignore any upcoming rate hikes set to be instituted by the Fed and that they are working hard to get past all the damage that’s already been done to the industry. The Fed Has Hurt BTC The Federal Reserve (Fed) has been on a roll as of late. That roll has involved hiking rates as a means of fighting inflation, which has been running rampant under failing commander-in-chief Joe Biden. However, it has come to...

The billionaire Tesla and SpaceX boss Elon Musk is being investigated by Federal authorities regarding his conduct around his $44 billion deal to buy Twitter.  That’s according to a recent filing from Twitter, which seeks to unearth critical documents that Musk is supposedly withholding from the firm.  Musk’s Documents As reported by Reuters, it is still unclear what exactly the probe is focused on, or which federal authorities are conducting the investigation.  However,...

The past week saw the total cryptocurrency market lost about $30 billion in the past seven days, where most of the action took place yesterday. This was somewhat expected, given the US Bureau of Labor Statistics published the CPI numbers then. Let’s dive in. Bitcoin spent the majority of the week slowly bleeding out. The cryptocurrency was showing absolutely no signs of strength, which resulted in a painful chop and a decline below $19,000 on a couple of occasions. All this...