Category : Cryptocoins News

Cryptocoins News

Crypto needs more public companies – collapse of Circle IPO indicative of industry troubles

Key Takeaways Circle issues the USDC stablecoin, the world’s fifth largest cryptocurrency with a market cap of $44 billion Circle announced plans to go public in July 2021 at $4.5 billion valuation This valuation doubled to $9 billion last Feb...

Audius price is up by 95% in 7 days: brace for a major pullback

Audius price has been in a strong bullish momentum this week. It is soaring after the latest listing in Coinbase. Historically, these exchange-linked rallies don’t last long. Audius has had a spectacular week but history suggests that t...

VCs Not Interested in Blockchain Anymore as Funding Almost Stopped

<p>The second half of 2022 brought a visible slump in investments from VCs (venture capitalists) across all significant blockchain industry sectors, according to the newest report published by Cointelegraph Research.</p><p>Although...

How to mine Bitcoin at home

To start mining Bitcoin at home, one needs to obtain a Bitcoin wallet and a mining rig, install the Bitcoin mining software, and join a mining pool. Bitcoin mining (BT...

SBF allegedly used FTX money to invest $400M in obscure VC firm

U.S. prosecutors alleged that SBF’s Modulo investment was likely made using misappropriated money from FTX deposits by customers. Authorities in the United States migh...

Algorithmic stablecoin market share dropped by 10x from ATH: Report

The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most. The notorious failure of the Terra USD (UST) stablecoi...

SAMA is Ramping Up Its Research into Central bank digital currencies

SAMA is expanding its central bank digital currency study (CBDCs). Saudi Vision 2030 aims to diversify the economy, decrease oil dependency, and improve public services. (Read More)

On-chain data is signaling a "generational buying opportunity"

Technical analyst "Game of Trades" discovered six on-chain measurements for his 71,000 Twitter followers. Bitcoin's Realized Price (RP) is an estimate of what the market paid for all coins at their previous price. (Read More)

Digital Surge narrowly avoids collapse

Digital Surge creditors agree five-year rescue plan to keep exchange running. KordaMentha will pay creditors from the exchange's quarterly net earnings over five years. Customers were sent the rescue plan on December 8. (Read More)

Bitcoin Cash advocate Roger Ver sued for $20.8 million

Genesis sued Roger Ver for $20.8 million in unpaid crypto options. GGC International sued Ver in New York State Supreme Court on Jan. 23. BCH has not reacted to the lawsuit. (Read More)

Australia Breaks Into Top 3 Nations for Crypto ATM

Australia has 234 crypto ATMs, third worldwide behind the US and Canada. Australia has added 16 ATMs since Jan. 1, while Spain has lost 4 and El Salvador hasn't. (Read More)

Koris: A Smart Contract-Based Platform

Koris provides an end-to-end operational framework for DAOs to administer communities. On Jan. 17, the WEF released a toolbox supporting DAOs. (Read More)

XRP staking scam

A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked. The swindle promises 12%–27% profits. (Read More)

The U.K. government is recruiting for a head to its central bank digital currency project

The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brit...

Injective Launches $150 Million Ecosystem

Injective, a layer-1 blockchain technology, is funding Cosmos network developers with $150 million. Pantera Capital, Kraken Ventures, Jump Crypto, and Gate Labs support the fund. (Read More)

Nifty Gateway Founders Resign

Nifty Gateway co-founders Duncan and Griffin Cock Foster are leaving Gemini. Gemini is suing Genesis Global, an insolvent cryptocurrency lender. "Technical leader" Eddie Ma and "non-tech leader" Tara Harris will head the platform. (Read More)

NFT collector sues OpenSea for locking account after being scammed

The lawyer leading the legal team highlighted that this is not an isolated case and alleged that OpenSea ignores issues in some instances. A nonfungible token (NFT)...

Coinbase fined €3.3M by the Dutch central bank

The Dutch central bank has fined the US-based crypto exchange on registration grounds. Coinbase has a significant number of customers in the Netherlands. Authorities claim the exchange was non-compliant between November 2020 and August 2022. In a r...

First Binance and Now Coinbase Have Both Been Fined $3.3m in Netherlands

<p>The leading digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> Coinba...

115-page doc shows big tech firms, airlines and government entities owed by FTX

The 115-page document was filed by FTX lawyers in the US Bankruptcy Court for the District of Delaware. The list of creditors shows all those owed money by the collapse FTX crypto exchange. The document however redacts the names of individual custom...

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