Notorious crypto scammer, Monkey Drainer, has announced that they are shutting down after a possible exposure during an online quarrel.  Monkey Drainer Shuts Down The crypto scammer infamous for his crypto wallet draining kit has announced that they will be moving on to “something better.” They wrote,  “Monkey drainer will be shutting down immediately, it […]

Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson. The comments came despite a huge spike in crypto layoffs in January — the majority of which were from crypto exchanges. In a statement, the Binance representative said:  […]

Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren […]

3/2 (Thursday) morning market trends (compared to the previous day) traditional finance NY Dow: $32,661 +0.01% Nasdaq: $11,379 -0.6% Nikkei Stock Average: ¥27,516 +0.25% USD/JPY: 136.2 +0.03% USD Index: 104.4 -0.4% 10-year US Treasury yield: 3.9 +2% per annum Gold Futures: $1,843.9 +0.4% crypto assets Bitcoin: $23,397 +1.1% Ethereum: $1,642 +1.6% Today’s New York Dow […]

Bankrupt cryptocurrency exchange FTX has revealed a “massive shortfall” in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US.  On Mar. 2 the exchange released a presentation showing FTX had $2.2 billion in exchange wallets and fiat accounts of […]

XRP Lawsuit News: Amidst widespread crypto market anticipation, the summary judgement in Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC) is likely to come out within the next few weeks. The company believes the ruling in SEC case could arrive within this month. However, the probability of the case not going in favor […]

Ethereum’s eagerly anticipated Shanghai upgrade, which will enable the withdrawal of staked ETH, will likely occur in the first two weeks of April, the network’s core developers determined on a call Thursday.  Though the upgrade had been firmly slated for a March release, some Ethereum developers began doubting that timeline would stick as early as […]

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo […]

United States Securities and Exchange Commission Chair Gary Gensler has again backed a proposed rule that would extend asset custody rules to more cryptocurrencies, saying investors need more protection. The commission’s Investor Advisory Committee has proposed expanding 2009 rule designed to reduce the risk of advisers embarking on Ponzi schemes to all asset classes, including […]

Nationwide Building Society has imposed a daily limit of £5,000 on debit-card purchases of crypto assets.  U.K’s largest bank HSBC has banned its customers from purchasing   with credit cards.  The banks have cited warnings issued by financial regulators as the reason for their decisions.  Nationwide Building Society will not allow its customers to send funds […]