Nexo Capital, a crypto lender, will pay $45 million to the SEC and NASAA (NASAA). SEC and NASAA announced the announcement on Jan 19. (Read More)
China’s Central Bank Digital Currency (CBDC)
China’s Central Bank Digital Currency (CBDC) now supports smart contracts. Soochow Securities’ mobile app allows e-CNY purchases. Android phones may now perform contactless digital yuan wallet payments. (Read More)
Genesis Files for Chapter 11 Bankruptcy
Genesis has estimated assets and liabilities of $1 billion to $10 billion. The company is considering a “dual track procedure” to sell, raise funds, or equitize. After FTX and other crypto-exchanges collapsed, the business halted withdrawals in November 2022. Genesis’ parent firm DCG may sell part of its $500 million venture capital portfolio to cover […]
Nexo Pays $45M In Penalties And Settles With US Authorities
The US Securities and Exchange Commission (SEC) has levied a $45 million fine on Nexo Capital Inc. The SEC explains the reason for the fine in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To […]
Donald Trump’s NFT Trading Card Collection
On Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company’s Solana network NFT collection failed. NUS claims the HaptGlove simulates touch and grip more realistically than conventional gloves. (Read […]
Bitcoin’s Winning Streak Finally Comes to an End
Bitcoin lost its two-week streak. Jan. 18 saw BTC’s first red candle. The U.S. Department of Justice statement earlier in the week seems to have caused the price drop. (Read More)
National Australia Bank to Launch Ethereum-Based Stablecoin
NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading. (Read More)
Coindesk May Be Sold as Parent Company DCG Struggles
CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months. (Read More)
Binance linked to illegal cryptocurrency platform Bitzlato
Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators. (Read More)
Hackers exploit Raydium protocol, sending $2.7 million
Tornado Cash received 1,774.5 Ether (ETH) from the Raydium protocol exploiter. The Solana-based DeFi protocol was attacked on December 16, 2022. Hackers are being fought by exchange security personnel. (Read More)