Category: Latest news

[ad_1] The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the Federal Reserve System. The move comes amidst increasing regulatory scrutiny from the highest levels of the US federal government in the wake of industry-wide scandals like FTX and Genesis, which wiped away billions of…

[ad_1] Azuki’s head of community, Dem, said malicious players compromised the official Twitter handle of the bluechip NFT project on Jan. 27. Several project officials confirmed that the Twitter account was breached and urged the community not to click any link. A community manager Rose tweeted that there was still a fake website on Azuki’s…

[ad_1] A new White House report provides additional insight into the mind of the executive branch of the US federal government when it comes to regulating cryptocurrencies. The authors of the Jan. 27 report, members of President Joe Biden’s economic team, suggest that Congress is not acting fast nor efficiently enough when it comes to…

[ad_1] World Mobile Token announced deepening its collaborative relationship with Input Output (IO) to develop a dedicated permissioned Cardano sidechain. Micky Watson, the World Mobile Group CEO, said the move was necessary to comply with telecoms regulations. Further, as “such as solution doesn’t yet exist” on Cardano, the World Mobile Chain will be built using…

[ad_1] The U.S. debt ceiling reached its $31.4 trillion limit on Jan. 19, prompting calls for radical action, even removing the ceiling altogether. Bitcoin offers an alternative to the fiat system, which is destined to fail as a result of the inherent need to expand the money supply through money printing. Although U.S. government BTC…

[ad_1] Solana-based DeFi platform Friktion has urged its users to withdraw their funds from the protocol, as it moves to suspend all frontend operations. The Friktion team said it made the tough decision to suspend its operations due to the worsening financial crisis resulting from the FTX collapse and Solana’s repeated outages. Specifically, the platform’s…

[ad_1] CryptoSlate Wrapped Daily: FTX reveals creditors; U.S. man spends BTC on hitmen FTX has revealed its complete list of creditors, which includes several major companies. Meanwhile, a Washington man has been sentenced to prison for hiring hitmen with Bitcoin. These and other stories in today’s edition of CryptoSlate Wrapped. 14 hours ago · 3…

[ad_1] Crypto journalist Tiffany Fong has named five crypto firms, including Binance, Bank to the Future, and Galaxy Digital, as secret bidders of bankrupt Celsius Network’s assets. In a Jan. 26 substack post, Fong said she had obtained leaked documents of Celsius bidding proposals which were submitted in November 2022. However, the bidding process seems…

[ad_1] Argo Blockchain investors have filed a lawsuit alleging that the crypto miner made misleading statements and concealed important information during its initial public offering (IPO) filing. The Texas-based Bitcoin mining firm went public on Sept. 23, 2021, after submitting the required documents to the U.S. Securities and Exchange Commission (SEC). During its IPO, Argo…

[ad_1] Cardano founder Charles Hoskinson responded to criticism over his proposed acquisition of CoinDesk by saying “[this] epitomizes the fundamental problem of journalism.” Specifically, he was referring to an op-ed from crypto media outlet Protos, titled, “Opinion: Charles Hoskinson would be the worst thing to happen to CoinDesk,” which blasted Hoskinson’s take on overhauling journalism…