According to a post on January 9, e-Money — a stablecoin project in the Cosmos ecosystem — said it would discontinue the issuance of its euro stablecoin EURR effective March 6, 2023. In explaining the decision, e-Money wrote: “The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins. The upcoming European MiCA legislation is expected…
Gemini CEO and co-founder Cameron Winklevoss publically accused crypto broker Genesis and its parent firm Digital Currency Group (DCG) of committing fraud, urging DCG CEO Barry Silbert to step down. The statement makes numerous allegations of serious wrongdoing, saying there is “no path forward” as long as Silbert remains CEO and that “he has proven himself unfit” to run the…
Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November. Shiba Inu (SHIB) Shiba inu (SHIB) was one of…
New York-based law firm Pomerantz LLP has launched an investigation against Bitcoin mining company Core Scientific over claims that its leadership had been involved in securities fraud and activities that negatively affected its stock price. In a press release Monday, Pomerantz said it is acting on behalf of the firm’s investors concerned that “Core and certain of its officers and/or…
Bitcoin (BTC) traders faced disappointment at the Jan. 10 Wall Street open after the United States Federal Reserve declined to comment on future policy. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell keeps quiet on Fed policy Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stayed flat at around $17,250 on Bitstamp. Hopes had focused on a…
Famed whistleblower Edward Snowden and political activist Daniel Ellsberg have collaborated on a piece of Ethereum NFT-based artwork, which will be auctioned to help fund their respective causes via a new livestreamed interactive show called PleasrHouse from Web3 collective PleasrDAO. “[PleasrDAO] got to know Snowden and the Freedom of the Press Foundation when we acquired Snowden’s ‘Stay Free’ NFT,” PleasrDAO…
According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format changes, or EOF, was removed…
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned an open letter to the board of Digital Currency Group, or DCG, saying CEO Barry Silbert was “unfit” to run the company. In a Jan 10. letter, Winklevoss claimed Silbert and Genesis Global Capital — a subsidiary of DCG — had defrauded more than 340,000 users who were a part…
Toronto embraced digital assets sooner than most and is home to more crypto projects than anywhere else in Canada. Contents OverviewCrypto culture in TorontoWhere can I spend crypto in Toronto?Crypto projects and companies in TorontoToronto’s crypto controversiesToronto crypto education and communityNotable crypto figures from Toronto Overview The city lies at the center of the so-called Golden Horseshoe, a large urban…
The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation. The investigation was carried out by the 4th Bureau of Investigation of the Seoul Regional…
