Category: Latest news

[ad_1] The second largest cryptocurrency by market cap, Ethereum (ETH), implemented a token burn mechanism on Aug. 5, 2021, through the Ethereum Improvement Proposal (EIP) 1559 upgrade. Since then, nearly $9 billion worth of tokens have been burned cumulatively, data from Glassnode indicates. A total of around 2.8 million ETH tokens have been removed from…

[ad_1] FTX and its associated debtors said on Dec. 30 that nearly $300 million seized by the Bahamas’ main securities regulator was transferred without approval. The debtors asserted that the Bahamas Securities Commission (SCB) instructed former FTX CEO Sam-Bankman Fried and his associate Gary Wang to send $296 million of digital assets to a Fireblocks…

[ad_1] Sam Bankman-Fried, founder and former CEO of FTX, returned to Twitter on Dec. 30 after weeks of inactivity coinciding with his arrest. Bankman-Fried commented on a recent event that saw Alameda-related cryptocurrency addresses move at least $1.7 million of assets. Those funds were transferred to crypto mixers in several batches on Dec. 28. Bankman-Fried…

[ad_1] The Italian Parliament has approved the implementation of a 26% taxation on any crypto-oriented profits above €2,000 on Dec. 30.  This new legislation is a part of the 2023 Italian budget. The budget describes cryptocurrencies as a virtual representation of value, which can be held and transferred electronically through the distributed ledger.  However, it…

[ad_1] On Dec. 29, crypto exchange Huobi Global announced the listing of Pi, the native token of the Pi Network. In the 24 hours following the announcement, the Pi token price surged 461.3% from $44.03 to $232.97 at the time of writing, according to CoinGecko data. In addition, the token price reached an all-time high…

[ad_1] Diversified holding company BitNile announced that its related party Ault Alpha had purchased a total of 50 million shares of BitNile common stock since September 2021. The amount equates to roughly 13% of BitNile at the time of writing. As of Sept. 30,  BitNile reported approximately $610 million in total assets. The company also…

[ad_1] On-chain data suggests the fallen founder of FTX Sam Bankman-Fried (SBF) moved Ethereum (ETH) worth $684,000 to RenBridge and Seychelles-based exchanges over the past 2 days.  In a Twitter thread, on-chain sleuth BowTiedlguana claimed that SBF transferred $684,000 worth of Ethereum (ETH) to a Seychelles-based exchange and RenBridge. BowTiedlguana suggested that these transactions allegedly…

[ad_1] Bahamas Securities Commission said it is temporarily holding FTX assets worth $3.5 billion with plans to distribute them to the bankrupt firm’s creditors and customers, according to a Dec. 29 statement. The financial regulator said it had sought directions from the Bahamian Supreme Court on all its actions regarding FTX Digital Markets Ltd. It…

[ad_1] Turkey’s national bank announced in a Dec. 29 press release that it has successfully carried out the first transactions involving its digital lira. The Central Bank of the Republic of Turkey (CBRT) said that it will continue to run “limited, closed-circuit pilot tests” for the digital lira throughout the first quarter of 2023. The…

[ad_1] Emiliano Grodzki, co-founder and CEO of Canadian Bitcoin mining company Bitfarms, has resigned, according to a press release on Dec. 29. Emiliano Grodzki and Nicolas Bonta founded the mining company in 2017. As reported, Grodzki will remain as a director, whereas Bonta will become board chairman. Following Grodzki’s resignation, President and Chief Operating Officer…