The U.S. Bankruptcy Court in New York has given crypto brokerage Voyager Digital approval from the U.S. Bankruptcy Court to return $270 million to affected customers, the Wall Street Journal reports. On Thursday, presiding judge Micheal Wiles gave Voyager the nod to return funds to customers held in a custodial account at the Metropolitan Commercial bank(MCB). The New Jersey-based crypto…
Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, the firm announced on Friday. With the average BTC price of $22,670, the sales totaled $20.1 million, accounting…
Playstudios, a mobile gaming company, has recently announced it is diving into the world of Web3 gaming. The company is launching a blockchain gaming division that will introduce the concept of “rewarded play” to its users, who already enjoy real-world rewards for playing its games. Playstudios will also invest $10 million in Web3 gaming companies. Playstudios to Embrace Web3…
press release PRESS RELEASE. In what many would agree is a groundbreaking achievement, StarHeroes recently obtained a Microsoft grant. As a result, the blockchain-based game now has access to Azure PlayFab, joining the legendary collection of games such as Forza Horizon, Sea of Thieves, and Tom Clancy’s Rainbow Six Siege. This grant is also indicative of the change in the…
As many crypto firms announce layoffs, UK’s largest unicorn Revolut is adding to its crypto division. The firm will boost its crypto staff by 20% by hiring across its European, American, and British offices for positions in compliance, financial crimes prevention, crypto legal assistance, and software engineering, according to Bloomberg. Revolut’s crypto general manager Emil Urmanshinsaid that his team sees…
Block Inc., the digital payments company co-founded by Jack Dorsey, reported a $36 million Bitcoin impairment loss in the second quarter, something the company attributed to “broader uncertainty around crypto assets.” In a shareholder letter on Thursday, Block said its Cash App—an online payments service that allows cryptocurrency purchases—generated $1.79 billion of Bitcoin revenue and $41 million of Bitcoin gross…
On top of its wholesale central bank digital currency (CBDC) projects and proof-of-concept Retail CBDC testing with corporates, the Bank of Thailand (BOT) will extend the scope of CBDC development aimed at retail to a pilot phase. A possible real-life application of the “Retail CBDC” will be conducted inside the private sector on a limited scale. As the Aug. 5 announcement…
Blockchain auditing firms are still trying to figure out how hackers gained access to about 8,000 private keys used to drain Solana-based wallets. Investigations are ongoing after attackers managed to steal some $5 million worth of SOL and SPL tokens on Aug. 3. Ecosystem participants and security firms are assisting in uncovering the intricacies of the event. Solana has worked…
The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months. Authorities in Kosovo Reinstate Ban on Cryptocurrency Mining The executive power in Kosovo has approved certain steps…
Nomad announced a bounty of up to 10% for the return of the stolen funds from the Nomad bridge. In a website announcement and tweet, the company publicly provided a wallet address for sending the funds. The bounty is applicable to anyone who comes forward from now on or already returned funds. At the time of writing, Nomad recovered more…
