Category: Crypto News

Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the U.S., attempting to make payments more inclusive to underserved communities. Under the new agreement, New York Community Bancorp’s bank subsidiary, New York Community Bank, will […]

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Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most […]

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Talking Fireblocks’ Massive Growth and Crypto Biggest Challenges: CEO Michael Shaulov (Exclusive Interview)

Talking Fireblocks’ Massive Growth and Crypto Biggest Challenges: CEO Michael Shaulov (Exclusive Interview)

Fireblocks is one of the largest providers of custody infrastructure solutions in the cryptocurrency industry. The company was founded back in 2018 by Michael Shaulov, Pavel Berengoltz, and Idan Ofrat. In January this year, Fireblocks raised $550 million at a whopping valuation of $8 billion. From a small team of a few people at the […]

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US Millennials Own More Crypto Than Mutual Funds: Survey

US Millennials Own More Crypto Than Mutual Funds: Survey

According to a research conducted by the investing firm Alto, 40% of the American millennials (those aged 26-41) hold cryptocurrencies. Nearly the same share of people own individual stocks, the survey estimated. Millennials and Their Affinity for Crypto The poll further informed that more US millennials had distributed some of their wealth into crypto than […]

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US and UK Set to Team Up Regulating Cryptocurrencies

US and UK Set to Team Up Regulating Cryptocurrencies

Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming up to support safe innovation and strengthen regulatory outcomes for digital assets across jurisdictions. On Stablecoins According to the joint statement issued, top domestic watchdogs […]

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DNS Hijack Compromised Ankr’s Services for Polygon and Fantom

DNS Hijack Compromised Ankr’s Services for Polygon and Fantom

Web3 infrastructure firm Ankr is known for offering node endpoints, staking services, and other products to proof-of-stake blockchains. On Friday, a hacker forfeited a scam-like pop-up on Polygon and Fantom network by hijacking Ankr’s domain name system (DNS) to steal users’ seed phases. The project soon recovered the human-made errors and stated that no funds […]

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3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals

3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals

A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the United States and is applicable for insolvency proceedings involving more than one country. According to Bloomberg, three representatives of the Singapore-based crypto hedge […]

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DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull    

DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull   

The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam According to a release from the agency, Vietnamese national Le Anh Tuan, 26, pulled down the website and fled with investors’ money after the first-day public […]

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Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market

Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market

The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region. Strengthening European Presence Nana Murugesan, Coinbase’s vice president of international and business development, revealed that the crypto company is targeting Italy, France, Spain, Switzerland, and the Netherlands to set […]

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CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth nearly $2 billion in BTC. Fraudulent Scheme Raked in $1.7 Billion in Bitcoin According to a press release on Thursday (June 30, 2022), the CFTC […]

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