Category: Latest news

[ad_1] A tweet from Bitcoin Magazine Analyst Dylan LeClair stated BTC mining firm Iris Energy is close to defaulting on a $103 million loan held by the New York Digital Investment Group (NYDIG). He continued by saying ASIC miners are held as collateral against the loan, meaning the mining equipment will be confiscated should Iris…

[ad_1] During the MicroStrategy (MSTR) Q3 earnings call, Executive Chairman Michael Saylor said Bitcoin is winning, in turn boosting the company’s fortunes. “Bitcoin is winning, but MicroStrategy is winning even more than the Bitcoin right now because of our levered long Bitcoin strategy we pursued.” MicroStrategy is the biggest public company holder of Bitcoin, at…

[ad_1] During a Twitter Spaces AMA held on Nov. 1, the crypto community bombarded Changpeng Zhao (CZ) with questions on Binance’s role with Twitter. On October 28, Elon Musk completed his takeover of the social media platform in a $44 billion move. Since assuming control, the Tesla CEO has brought in sweeping changes, including firing…

[ad_1] JPMorgan has executed the first live trade on public blockchain as part of the Monetary Authority of Singapore (MAS) Project Guardian. The banking giant completed the transaction using DeFi, Tokenized Deposits, and Verifiable Credentials. Project Guardian is an initiative of MAS with financial institutions such as JP Morgan, Marketnode, and DBS Bank Ltd. Its…

[ad_1] Blockchain developer Nikolai Muchgian drowned on a beach in Puerto Rico, local media reported. According to the report, the 29-year-old died while swimming at the Condado beach, and his body has been recovered. He was a resident of San Juan until his demise. Muchgian is the co-founder of Balancer Labs and worked on MakerDAO.…

[ad_1] On Nov. 2, the Monetary Authority of Singapore (MAS) approved Paxos’ license and granted in-principle approval to Circle. Paxos is the issuer of Paxos Standard (USDP) and the co-issuer of Binance USD (BUSD). On the other hand, Circle is best known for issuing USD Coin (USDC) and Euro Coin (EUROC). Approvals By securing its…

[ad_1] The EU’s Markets in Crypto Assets (MiCA) bill could significantly impact crypto influencers as some clauses hint at strict regulation. Circle’s EU strategy and policy director, Patrick Hansen, pointed this out, saying that commenting on a digital asset and profiting from it without disclosure could be termed market manipulation. Crypto influencers beware: Commenting on…

[ad_1] Crypto companies Galaxy Digital, BitMex, and Digital Currency Group (DCG) announced staff cuts to deal with the adverse state of the market, according to crypto reporter Wu Blockchain. Layoffs Galaxy Digital plans to lay off roughly 20% of its staff, equating to 75 employees out of its 375 staff, according to a Bloomberg News report.…

[ad_1] Ripple XRP Ledger (XRPL) will now support non-fungible tokens (NFTs) after the community passed the XLS-20 proposal on Oct. 31. With the new development, developers can create unique digital assets on the blockchain network without affecting its network security or efficiency. Top executives at Ripple, like CEO Brad Garlingouse and CTO David Schwartz, described…

[ad_1] Crypto derivatives platform Deribit was hacked for $28 million late evening (UTC) on Nov. 1. The incident was confirmed via its official Twitter account several hours later, at 07:00 (UTC) the following day. Deribit said hackers had compromised several of its hot wallets. The firm sought to reassure users, saying client funds remain safe…