Crypto news

Darshan Bathija – Chief Executive Officer of the cryptocurrency lending platform Vauld – revealed that the entity will implement several amendments, including appointing a new CEO. The bear market has significantly affected the Singapore-based company, which laid off a substantial chunk of its workforce in 2022 and suspended withdrawals and deposits. The problems did not end there, and Vauld filed for protection against creditors in July last year. What’s New Around Vauld?...

Stablecoin giant Tether has published another transparency report detailing the composition of its reserves, and the blockchains on which its tokens are issued. The report confirms that Tether has $3.3 billion in excess reserves, meaning its tokens are over 100% backed. Analyzing Tether’s Reserves Per the report published on Thursday, Tether owns $86.1 billion in assets, while possessing $82.8 billion in liabilities. These liabilities exist in the form of dollar-pegged USDT...

Roman Storm – one of the co-founders of the crypto mixer Tornado Cash – is no longer detained, currently being out on bail. The US authorities arrested the individual earlier this week over allegations that his entity facilitated money laundering operations and was involved with the North Korean hacking collective – the Lazarus Group. ‘Disappointed With the Arrest’ Roman Storm’s attorney – Brian Klein – revealed that his client is out on bail (without disclosing the amount of...

A man named Orion Alexander Holtby was found not guilty in a court of law in British Columbia, Canada after he was accused of stealing thousands of dollars in crypto from his ex-girlfriend. This Crypto Case May Be the Most Unusual The situation is odd in that while it was deemed that he likely did steal and then sell the crypto, the lack of traceability regarding situations like these wound up working in his favor. With little evidence to support the idea that he...

As discussed in prior articles, the Securities and Exchange Commission (SEC) and Ripple (XRP) have been fighting it out in court over the last few years regarding XRP’s status as a potential security. Ripple Appears to Have Beaten the SEC The SEC has said in recent statements that the way XRP is structured and the way it was first sold to users makes it a security token. Ripple has long denied these statements, and it seems the judge overseeing the case agrees. In...

The end of last week was a lot more eventful as the primary cryptocurrency dumped hard by over $3,000 in hours to see its lowest price tag in over two months at just over $25,000. Then came the recovery attempts that saw BTC regain around a grand. However, not much has happened to bitcoin’s price since then, as the asset calmed at around $26,000. The only exceptions were on Wednesday when it dropped suddenly by over $500, and yesterday. Thursday saw a more notable price jump...

Following successful private testing, the highly anticipated Shibarium (L2) update is scheduled for public release, creating excitement among the community, with some fortunate members having already received bridged $BONE tokens. The news comes after Shiba Inu’s team confirmed the smooth operations of the platform, which is now awaiting its public debut. Since its start, Shibarium has processed over 22 million transactions from a large number of wallets in just four months....

[unable to retrieve full-text content]CoinspeakerAlibaba Unveils Two Open-Sourced AI Models that Understand Images  Alibaba revealed its intention to provide the two AI models as open-source solutions to the global community. Alibaba Unveils Two Open-Sourced AI Models that Understand Images 

Could bitcoin put an end to censorship? According to a new study conducted by Ville Kokkomaki of the Abo Akademi University in Finland, the answer is “yes.” Bitcoin: The Worst Enemy of Censorship? Censorship is a bad thing no matter how you look at it. Countries like the United States, for example, are free and have the status they have because they permit free speech (at least they used to – ask any conservative if they’re allowed to speak freely and they’ll...

[unable to retrieve full-text content]CoinspeakerShares of Watches of Switzerland Plummets 30% as Rolex Acquires Bucherer Watches of Switzerland Group has undergone rapid expansion in recent times, establishing itself as a dominant force in the global market. Shares of Watches of Switzerland Plummets 30% as Rolex Acquires Bucherer