The United States Department of the Treasury has delivered to President Joe Biden a framework on crypto for U.S. government agencies to work with their foreign counterparts. In a Thursday announcement, the U.S. Treasury said it had reported on a regulatory framework for cryptocurrencies in consultation with the Secretary of State, the Secretary of Commerce, the Administrator of the U.S.…
Binance CEO Changpeng Zhao—better known to everyone in crypto as “CZ”—wouldn’t have made the deal that Alameda Research made with Voyager Digital. Alameda, the firm founded by crypto billionaire Sam Bankman-Fried (CEO of Binance rival FTX) last month extended a $500 million line of credit to crypto broker Voyager Digital. On Wednesday, Voyager’s Chapter 11 bankruptcy filing revealed that Alameda itself…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In Case You Missed It: Bitcoin Magazine Pro Special Edition Contagion Report Early on July 6, 2022, it was announced that…
Crypto and equities markets are down and aside from the positive news of Celsius repaying all of their debt and avoiding a massive liquidation, there are few on the spot reasons that are prompting investors to buy Bitcoin and altcoins. The collapse of numerous decentralized finance (DeFi) protocols, crypto investment funds and BTC trading 60% below its all-time high continue to…
In brief Solana and Polygon have both launched mobile Web3 initiatives, plus HTC has a new “metaverse phone.” It’s the latest wave of Web3 smartphone projects following a wave of them a few years back. Just a few years back, tech giants like Samsung and HTC and startups including Sirin Labs attempted to make crypto-ready smartphones a thing. It didn’t…
Creditors could offload a total of nearly 142,000 bitcoin into an already stressed market.The rehabilitation trustee will restrict creditors in moving funds for a period.Over 700,000 BTC were drained in the Mt. Gox implosion in 2014. Victims of the implosion of bitcoin exchange Mt. Gox are now able to opt between different ways for receiving their bitcoin back: bitcoin itself,…
The temperature seems to have changed for struggling crypto lender Celsius. After keeping client withdrawals, transfers, and swaps frozen for nearly a month—a move Celsius said it took to “stabilize liquidity” in the face of “extreme market conditions”—the company has now fully paid off its $440 million loan. Early on Thursday morning, all in one transaction, Celsius used DAI stablecoins…
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s Polygon-Backed Digital Avatars Will Soon Be Available to the General Public On July 7, 2022, the staff at Reddit announced the launch of…
Crypto companies are going belly up left and right and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and CFO Jodie Fisher abruptly resigned after allegations that the Bitcoin mining hardware and hosting company had failed to pay hundreds of thousands of dollars in overdue electricity…
When it comes to nonfungible tokens, or NFTs, the subject is often a hit or miss for traditional gamers. While some players welcome the idea of being able to trade in-game digital collectibles for real money, others lament that NFTs could potentially take away the inherent entertainment built within games. So can NFTs contribute any additional value to traditional games,…
