Prolonged Crypto Winter Forces Silvergates Customers to Withdraw $8 Billion
Michael ScottThe Californian crypto exchange bank Silvergates tumbled after customers withdrew two-thirds of the assets. The massive withdrawals forced the crypto-friendly…
Bitcoin (BTC)
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Thailand SEC Launching New Crypto Academy
Thailand Security Exchange Commission (SEC) has introduced the first-ever crypto academy in the country. The academy will offer a free…
Deficient Antimoney Laundering Program Costs Coinbase $100M
The New York financial regulator confirmed the acceptance of a $50M fine by Coinbase for its deficient anti-money laundering (AML)…
Iranian Authority OCSSOP Directed by Court to Release Crypto Mining Equipment
A recent judicial ruling by the Iranian court directed the Organization for Collection and Sale of State-Owned Property (OCSSOP) to…
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SushiSwap
SushiSwap Shutting Down Miso Token Launchpad and Lending Protocol Kashi
The decentralized exchange platform confirmed the decision to terminate the lending protocol Kashi alongside the token launch platform Miso. The…
Gemini’s Winklevoss Criticizes DCG’s Evasive Tactics over the $900M Trapped Funds
Gemini's Cameron Winklevoss conveyed an open letter criticizing the Digital Currency Group for stalling refunds of funds it owes customers.…
Low Digital Yuan (e-CNY) Usage Raises Concerns
The low e-CNY transactions reveal the worrying performance of China's digital Yuan. The review by Xie Ping, a retired official…
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Web3
BMW Integrates Coin web and BNB Blockchain Technology to Improve Business Model
The German-based automobile producer BMW partners with Coinweb and BNB chain to integrate blockchain technology into the existing manufacturing processes.…
CBDC (Central Bank Digital Currency)
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Digital Turkish Lira Passed the First Payment Transaction Test
The Central Bank of the Republic of Türkey (CBRT) announced that the digital lira completed the first phase of the…
MicroStrategy Introducing Bitcoin Lightning Network-Powered Solutions in 2023
MicroStrategy revealed plans to introduce Bitcoin Lightning Network solutions and software targeting website cybersecurity and marketing. Confirming the 2023 plans,…
China’s Launching State-backed NFT Marketplace in 2023
China plans to launch a state-backed marketplace targeting NFTs and crypto copyrights. The regulated platform is set for January 1…
Winklevoss Twins Charged over Interest-Bearing Account on Gemini Platform
The New York-based company Gemini was sued by investors alleging that the crypto exchange platform failed to register interest-bearing accounts…
FTX Users Initiate Class-Action Suit to Expedite Refunds
Customers of the troubled FTX crypto exchange filed a class-action suit pleading with the court to exempt them from queuing…
V Global Executives Jailed for Defrauding Investors over $1.5 Million
The district court in Suwon, South Korea, passed judgment on the six V Global executives involved in a $1.5 billion…