Crypto news

Change is in the air as the crypto space continues to see top executives step down from their roles amid the market crisis that stemmed from the Terra Luna fiasco and the Federal Reserve’s continuous interest rate hike, which negatively impacted the global financial market. The change in crypto-related executive leadership started with Twitter co-founder Jack Dorsey stepping down from the company’s board of directors in May. While Twitter is not a crypto-focused firm, Dorsey...

Roughly nine democrat senators – including Cory Booker of New Jersey, Elizabeth Warren of Massachusetts, and Bernie Sanders of Vermont – have sent a letter to Mark Zuckerberg – the CEO of Facebook (now Meta) – wanting to know what he’s doing to potentially end all crypto scams appearing on his social media platform. Facebook and Crypto: A Rough Relationship The letter also details steps Zuckerberg can take to ensure fraud never becomes a major issue. The crypto space has...

[PR – Singapore, Singapore, 28th September, 2022, Chainwire] $INR is live on Huobi, after successful VC rounds and several strategic partnership announcements. Trading officially opened at 13:00 UTC today, September 28th and the project saw its token trending up from $0.22 to $0.44 within the first few hours. The listing is an important milestone for Inery on its journey to revolutionize how data is handled on the decentralized web. Inery, a decentralized data system...

The Department of Justice (DOJ) is objecting to a motion by troubled cryptocurrency lender Celsius, seeking to reopen withdrawals for selected customers. Since Celsius halted withdrawals in June, the company has filed for Chapter 11 bankruptcy, while the CEO recently resigned from his position. A United States Trustee for the DOJ, William Harrington, on Friday (September 30, 2022), filed an objection, asking the bankruptcy court to deny Celsius’ motions to reopen withdrawals...

Bitcoin’s weekend continues to be rather uneventful as the asset has settled at around $19,000. Most altcoins are also quite calm today, with minor daily losses. LUNC, on the other hand, keeps rising following another double-digit price increase. Bitcoin Boring at $19K The primary cryptocurrency had a quiet week, unlike the previous one. Last weekend saw the asset trade around $19,000, something that didn’t really change until Tuesday. At that point, the bulls stepped up and...

The Bank for International Settlements (BIS) on Tuesday announced that a multi-jurisdiction CBDC pilot spearheaded by BIS Innovation Hub has been successful. The project saw 164 transactions worth nearly $22 million in real-value cross-border payments through a purpose-built multi-CBDC platform – mBridge.   Apart from the central banks of Hong Kong, China, Thailand, and the United Arab Emirates (UAE), 20 commercial banks also participated in the project, which lasted a little...

An analysis carried out by the financial services company – Bankrate – determined that US millennials are not as enthusiastic about cryptocurrencies as they were last year. Around 30% said they feel comfortable investing in digital assets compared to 50% in 2021. The Latest Change in Trends Younger generations, including millennials and Generation Z, are among the most active demographic groups in the cryptocurrency space. A recent survey, though, revealed that the former had...

Guido Cannetti – an Argentinian mixed martial artist who competes in the UFC – partnered with the crypto-focused payment company Bitwage to become its ambassador. In addition, he will start receiving all his earnings in the stablecoin USDC instead of fiat currency. ‘USDC is Safer’ In a recent announcement, Bitwage said it is “thrilled” to collaborate with Cannetti. Using the platform, the athlete, known as “El Ninja,” will get 100% of his salary in USDC via the Stellar...

Elon Musk has long been a fan of Dogecoin. He has always been there to support it and try to help it get to the moon. What’s funny is that the only person who’s not too happy about this is Jackson Palmer, one of the men behind the popular meme currency. Elon Musk and Jackson Palmer: A Strange Relationship Palmer is one of the most interesting figures in the crypto space. He says that the popular digital currency Dogecoin was initially created as a joke; a way of making...

The Solana blockchain experienced yet another outage late on Friday, but it’s back online after getting restarted. The protocol’s native cryptocurrency dropped by 6% daily as a consequence of the latest network outage. The Solana Status Twitter page informed late last night about the network issues as it stopped processing transactions. Shortly after, Stakewiz – an entity operating a validator node on Solana – provided more details, saying validators stopped voting at 22:41...