Cryptocoins News / EthereumWorldNews - 1 year ago
Ishan Wahi, a former product manager at Coinbase, has been sentenced to two years in prison.& A federal judge handed Wahi the sentence for his role in an insider trading scheme involving crypto tokens.& Wahi’s brother was sentenced to ten mo...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Wallets controlled by Alameda Research received millions of Tether’s stablecoin USDT and MASK tokens from OKX on Tuesday.The wallets in question are in full control of the FTX Bankruptcy Estate that took over November’s cras...
Cryptocoins News / EthereumWorldNews - 1 year ago
Crypto exchange Bittrex has filed for Chapter 11 bankruptcy in the state of Delaware.& The U.S. Treasury Department’s OFAC is listed as the bankrupt exchange’s largest creditor.& The bankruptcy filing comes less than a month after the crypto...
Cryptocoins News / EthereumWorldNews - 1 year ago
Paxful has announced the resumption of operations after being suspended for over a month.& The P2P crypto platform suspended operations last month following the departure of key staff members.& The Paxful wallet remained active throughout th...
Cryptocoins News / EthereumWorldNews - 1 year ago
Canada’s central bank is launching an online public consultation to discuss the features of a potential CBDCThe Bank of Canada stated earlier today that it is exploring issuing a digital version of Canada’s national currency.& The central bank c...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Coinbase CEO Brian Armstrong hailed legislators in the United Arab Emirates for developing reasonable guidelines for crypto businesses and policies to protect users.Indeed the UAE was one of the first jurisdictions to establish a dedica...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021.It seems that increased demand for BTC blockchain space was triggered by heightened activity on the...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: The Aave DAO completely voted in support of a proposal to launch the third iteration of its lending service on Metis, an L2 scaling network built atop Ethereum’s blockchain.Launching on Metis will allow users of the popular DeFi l...
Cryptocoins News / EthereumWorldNews - 1 year ago
Binance has resumed Bitcoin withdrawals on its trading platform.& The exchange suspended withdrawals earlier today, citing congestion in the Bitcoin network.& Binance’s Bitcoin wallets have seen outflows of more than 157,000 BTC over the pas...
Cryptocoins News / EthereumWorldNews - 1 year ago
The U.S. Justice Department is reportedly probing Binance for potential violation of sanctions imposed on Russia. The DoJ’s national security division is investigating the exchange’s officials to determine if sanctions were evaded. The exchange is a...
Cryptocoins News / EthereumWorldNews - 1 year ago
Binance has responded to a report from Reuters which claimed that the exchange entertained accounts linked to terror outfits.Reuter recently reported that Israel had seized 190 Binance accounts linked to terrorist outfits like the Islamic State.&...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Do Kwon could face 40 years in prison if prosecuted and found guilty by a court in his home country of South Korea.Media reports confirmed that authorities in South Korea and the United States are contending over extradition rights afte...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: New York Attorney General Letitia James is pushing to empower the State’s Department of Financial Services with the authority to implement stricter crypto rules.AG James’s proposed regulations would compel crypto firms to re...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Etherscan data showed the average cost of Ethereum transactions rose as high as $15 on May 4, a 1-year high.Gas fees on L2 networks also skyrocketed, particularly on chains built using zero-knowledge proofs like Polygon zkEVM and zkSync...
Cryptocoins News / EthereumWorldNews - 1 year ago
Voyager Digital may start distributing its remaining assets to creditors in the next few weeks.& The announcement was made by Voyager’s Official Committee of Unsecured Creditors.& The direct distribution plan for customers was unveiled last...
Cryptocoins News / EthereumWorldNews - 1 year ago
The Bankruptcy Court of Delaware has authorized bankrupt crypto exchange FTX to sell its LedgerX.The derivatives trading platform is set to be sold to M7 Holdings LLC for $50 Million.The sale is part of a broader effort from the bankrupt exchange’s...
Cryptocoins News / EthereumWorldNews - 1 year ago
A WallStreetBets’ insider who rugged WSB Coin has returned the funds he took from the project.& $WSB lost more than 90% earlier today after insiders dumped more than half a million dollars worth of the memecoin.& The insider responsible for...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: The U.S. Securities and Exchange Commission was ordered to respond to a complaint from crypto exchange Coinbase within the next 10 days, a court ruled on Wednesday.Coinbase filed a lawsuit to force the watchdog to clarify how it interpr...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Coinbase users will no longer be able to borrow up to $1 million using Bitcoin as collateral.The crypto exchange plans to shut down its Borrow program starting May 10, 2023, due to insufficient demand for the product.Wednesday’s d...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Smart contracts for Curve Finance’s crvUSD stablecoin went live on Ethereum’s mainnet, the team shared via a Twitter update on May 3.“This is not finalized yet because UI also needs to be deployed. Stay tuned!” s...
Cryptocoins News / EthereumWorldNews - 1 year ago
OpenSea’s former product manager Nate Chastain has been convicted of wire fraud and money laundering.& A federal jury in New York found Chastain guilty of using insider information to trade NFTs.The former executive faces up to 40 years in priso...
Cryptocoins News / EthereumWorldNews - 1 year ago
Changpeng Zhao recently stated that believes that support from banks is the biggest challenge for crypto.& The Binance Chief believes that traditional finance systems are important for furthering crypto adoption.& Zhao views traditional bank...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: The number of wallets sending and receiving BUSD transfers slumped to a new two-year low on May 2, data from Glassnode showed.Declining trading activity comes after U.S. regulators cracked down on stablecoin issuer and crypto trust comp...
Cryptocoins News / EthereumWorldNews - 1 year ago
Celsius founder Alex Mashinsky has filed a motion to dismiss the complaint filed by the Attorney General of New York.The lawsuit accused Mashinsky of misleading and defrauding the investors of his crypto lending firm. The former CEO has dismissed th...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Daily unique addresses on Ethereum Virtual Machine-compatible chains set a new all-time high of 6.77 million last week.Experts and on-chain say expensive gas fees pushed more users to leverage EVM-chain like BNB Chain, Polygon, Fantom, a...
