Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee. Hotbit Suspends Trading, Deposits, Withdrawals Cryptocurrency exchange Hotbit announced the suspension of its services on Wednesday. The…
With anticipation building for the Ethereum merge next month, the price of Ethereum Classic (ETC) hit a four-month high of $42.29 per coin today, an increase of 15 percent in 24 hours, before settling slightly lower for the day, according to CoinMarketCap. Ethereum Classic is a hard fork of the Ethereum blockchain co-founded by Vitalik Buterin and Gavin Wood. While…
The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock. Blackrock Launches Bitcoin Trust Blackrock, the world’s largest asset manager, has launched “Blackrock bitcoin private trust.” According to a Thursday blog post, the spot bitcoin private…
This is an opinion editorial by Christopher Allen, founder and executive director of the Blockchain Commons. *Quotes from this article stem from sources here and here. Increasingly, attorneys in the United States are asking courts to force the disclosure of cryptographic private keys as part of discovery or other pre-trial motions, and increasingly courts are acceding to those demands. Though…
Celsius Network’s unsecured creditors have been pressing the company on “potential misconduct by Celsius and its insiders.” During a hearing in the Chapter 11 bankruptcy proceeding today, the committee moved to block Celsius’s attempts to sell some of its mined cryptocurrency. Celsius Mining is the Bitcoin mining subsidiary of Celsius Network, the embattled crypto lender that filed for bankruptcy on…
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign Platforms Uzbekistan’s National Agency of…
Looking to boost its cybersecurity defenses against cyberattacks from China and other adversaries, Taiwan’s Ministry of Digital Affairs has adopted IPFS technology to safeguard its infrastructure. InterPlanetary File System (IPFS), designed by Juan Benet in 2014, is a decentralized peer-to-peer network that lets users backup and stores files and websites by hosting them across a network of nodes, eliminating centralized…
According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such category of users must interact…
The United Nations Conference on Trade and Development (UNCTAD) released a policy brief Wednesday on cryptocurrency. It is the third brief in a row the agency has dedicated to crypto, and together they represent a detailed assessment of the risks crypto presents for developing economies and options for resolving those risks. UNCTAD Policy Brief No. 102, dated July but newly…
Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine different companies during a January 2021 rally. According to a Thursday report from Reuters, United States District Court Judge Cecilia Altonaga of the Southern District of Florida ruled that investors in GameStop, AMC…
