The Hong Kong government recognized Binance, a prominent cryptocurrency exchange, with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape. The crypto exchange received the award under the banking and finance category. Thus, it became the only Web3 firm to receive such an award from Hong Kong...
Hut 8, a Bitcoin mining company, has announced the closure of its mining site in Drumheller, Alberta, Canada, citing power disruptions and rising energy costs as significant factors. The decision comes amid escalating energy costs and power disruptions, which are severely impacting the site’s profitability. The Drumheller facility, which currently contributes approximately 1.4% of Hut...
BlockFi has finalized a settlement with FTX and Alameda Research to receive $874.5 million to help repay customers affected by its bankruptcy. According to a recent court filing by the United States Bankruptcy Court for District of New Jersey, the comprehensive agreement detailed that BlockFi will obtain a mix of claims against FTX valued at...
The U.S. Securities and Exchange Commission (SEC) Commissioners, Hester Peirce and Mark Uyeda, have publicly criticized the agency’s unclear cryptocurrency enforcement policies following a recent settlement with ShapeShift. In a detailed statement published on March 5, Peirce and Uyeda highlighted the ShapeShift case as emblematic of broader issues within the SEC’s handling of digital assets....
The Bitcoin mining company Hut 8 recently faced a significant decline in share prices on the Nasdaq following accusations of short-selling by JCapital. In response, several law firms have offered to represent investors who suffered losses during this period. While some lawsuits cater to individuals who suffer losses, others claim that all shareholders who purchased...
South Korea’s National Police Agency has officially requested assistance from the International Criminal Police Organization (Interpol) in bringing back Kwon Do-hyeong, the co-founder of Terraform Labs, to South Korea, according to a local news agency on March 7. After Terra co-founder Do Kwon won an extradition appeal in a Montenegro court denying his extradition to...
The MEXC exchange denies any accusations that it has arbitrarily confiscated customer money. According to a Coin Telegraph report, several MEXC users have recently complained on social media of random “clawbacks” or centralized withdrawal freezes and liquidations of funds. User “Al Gore Rhythms” had $33,658 deducted from his spot account. When he pressed customer service about the...
Ethereum NFT card game Cross The Ages is releasing a new card collection in collaboration with Ubisoft and the Watch Dogs gaming franchise. On April 3, the public can purchase cards featuring Watch Dogs characters in the continent of Artellium, a new map collection in Cross The Ages. Cross The Ages announced the launch on...
President Bukele expressed his thoughts on X (formerly Twitter), responding to critics who had condemned his pro-Bitcoin vision during the BTC price decline. Still waiting… https://t.co/FkKs2rRP1Q pic. .com/X6UyAsoTIz — Nayib Bukele (@nayibbukele) March 4, 2024 President Bukele, who reiterated his Bitcoin vision during the last election campaign, was re-elected last month after a landslide victory....
Investment firm Grayscale has launched a new crypto staking fund that owns tokens for nine blockchains. In a press release published on March 5, the investment firm behind the biggest spot bitcoin ETF announced the launch of the Grayscale Dynamic Income Fund (GDIF), which will own tokens for Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near,...