The two halves of FTX — its debtors in the U.S. and its liquidators in the Bahamas — have agreed on an asset recovery plan according to a Jan. 6 press release. John J. Ray III, FTX’s CEO and Chief Restructuring Officer, said that although discussions will continue, many issues have been settled. He stated: […]
Digital currency payments firm Wyre to shut down its operations amid crypto winter
Wyre’s CEO confirmed that it would be ending operations before the end of January following a difficult macroeconomic conditions in 2022. […] Read More… The post Digital currency payments firm Wyre to shut down its operations amid crypto winter appeared first on CoinGeek.
Why Balancer is in Trouble? LPs Withdraw Funds From 5 Pools
The post Why Balancer is in Trouble? LPs Withdraw Funds From 5 Pools appeared first on Coinpedia Fintech News Blue-chip DeFi protocol Balancer has issued a statement on Twitter and has warned certain pools’ liquidity providers to withdraw funds. Users of five liquidity pools are advised to withdraw all of their funds ASAP. According to […]
Concern About Blockchain Security Raised as Chinese Researchers Claim They Cracked Encryption Through Quantum Computers
Subscribe to our newsletter! Researchers from China claim to have broken a standard RSA algorithm using quantum computers, raising concerns about the state of the art in security in the blockchain industry.However, the study only focused on factoring a number with 48 bits on a quantum computer with ten quantum bits, not on a larger […]
IRS Official: Crypto Is Here to Stay and ‘Becoming More Legitimate’
A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto companies, noting: “I don’t see how we can operate in this space without it.” Top IRS Official Says Crypto Is Here to Stay […]
Lido Dao (LDO): Learn Why Interest in Altcoin Is High
Find out what is motivating LDO rise and if it is sustainable
Bank of France Governor Thinks Crypto Companies Should Abide by Stricter Rules
Francois Villeroy de Galhau – Governor of Banque de France – believes cryptocurrency firms should obtain tougher regulatory licenses to continue providing their services. He also stated France should introduce stricter rules for domestic digital asset entities as soon as it is ready with its legislation instead of waiting for other European countries. Villeroy’s Latest […]
Can Huobi Token [HT] overcome FUD as exchange outflow exceeds $75M
Huobi Token could lose another round of its already depleted value after the exchange experienced unusual outflows. Exchange director Justin Sun tweeted that the firm was unconcerned with the FUD. The exchange token of the Huobi Global exchange, Houbi Token [HT] drastically lost about 9% of its value after the exchange witnessed massive outflows. According […]
Mastercard Unveils Polygon-based Web3 Accelerator for Musicians
Global payments network Mastercard has revealed its latest innovative Web3 venture. Via the new “Artist Accelerator” feature, Mastercard hopes to usher in five burgeoning musicians into the Web3 experience as well as stardom. Mastercard Program to Teach Web3 Branding Dubbed the Mastercard Artist Accelerator, the initiative is set to leverage Web3 and blockchain solutions to […]
Vauld rejects final acquisition offer from Nexo
Crypto lending firm Vauld has rejected a long-standing acquisition offer from its larger competitor, Nexo, according to various reports on Jan. 5. In a private letter, Vauld co-founder and CEO Darshan Bathija told Nexo that his company would reject a final proposal put forward by Nexo. Vauld said that Nexo had failed to provide an […]