Ethereum to Launch Zhejiang Public Withdrawal Testnet
The "Zhejiang" public withdrawal test net is scheduled to be live on February 1 at 15:00 UTC, as stated in a post authored by an Ethereum Foundation developer named Parithosh…
US senators write to Silvergate Capital for answers on FTX collapse
It has been reported that a number of senators from the United States have sent a letter to Silvergate Capital, which is the parent business of Silvergate Bank, in which…
Poundtoken and BitcoinPoint will make the country’s first 100% backed GBP stablecoin
Because to a cooperation between Poundtoken and BitcoinPoint, the first 100% backed GBP stablecoin in the nation, denoted by the symbol $GBPT, will be available to retail customers via a…
Tesla’s $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
The electric car maker Tesla announced on January 31 that it had incurred a gross impairment loss of $204 million for the year 2022 on its holdings of Bitcoin (BTC).…
Greenidge Reduces Debt with NYDIG
The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has been reduced by a sizeable amount…
Cardano’s New Algorithmic Stablecoin DJED
Since the crash of the TerraUSD (UST) algorithmic stablecoin in May 2022, many users in the crypto ecosystem have acquired a weariness against that specific asset class. The market for…
Yuga Labs Facing More Lawsuits Over NFTs
The beleaguered cryptocurrency and fintech company Yuga Labs is going to be hit with more legal action in connection with its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC),…
SEC Loses Appeal in LBRY Vs. SEC
The United States Securities and Exchange Commission (SEC) has acknowledged publicly in the public record that the secondary market sale of LBRY Credits (LBC) tokens does not constitute the sale…
HKMA Stablecoin Regulations to Demand Backing by Underlying Assets
The Hong Kong Monetary Authority (HKMA) was not successful in identifying a location within the core concepts of the regulatory architecture that it indicated that would be appropriate for algorithmic…
Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
Kazakhstan, which is home to one of the most significant Bitcoin (BTC) mining operations in the world, has released a consultation paper in an effort to gauge the level of…