London-based digital asset protection firm, Coincover, has secured $30 million in a funding round led by Foundation Capital, with a follow-on investment from CMT digital. According to Coincover’s announcement, the funds will be used to scale its operations, drive recruitment, develop new products, and form partnerships to help strengthen the security of the cryptocurrency ecosystem, thereby, providing even more comprehensive…
The SEC today hit American crypto exchange Kraken with a $30 million fine for violating securities laws. In a Thursday announcement, the regulatory body announced the firm had failed to register the offer and sale of their crypto asset staking-as-a-service program. This is a breaking story and will be updated. Stay on top of crypto news, get daily updates in…
Today, two Kraken subsidiaries announced a settlement with the U.S. Securities and Exchange Commission (SEC) concerning Kraken’s on-chain staking program. Because of this settlement, Kraken has agreed to end its on-chain staking services for U.S. clients. Starting today, Kraken will automatically unstake all U.S. client assets enrolled in the on-chain staking program. These assets will no longer earn staking rewards.…
A tiny fraction of royalties from Rihanna’s smash hit song “Bitch Better Have My Money” has just been redistributed to 205 people via 300 Ethereum NFTs in a collection that sold out Thursday, per Etherscan contract data. Jamil “Deputy” Pierre—who produced Rihanna’s 2015 track alongside co-producer Kanye West—appears to have enlisted the help of a Europe-based crypto startup AnotherBlock to…
Bitcoin NFTs are the talk of the Web3 world right now, thanks to a new way to “mint” media and assets on the layer-1 blockchain through the Ordinals project. And, as with many past NFT network launches, cloned versions of Ethereum’s early and influential CryptoPunks are dominating the early buzz around Ordinals. CryptoPunks, created by Larva Labs in 2017, is…
United States authorities appear to be resurrecting past techniques to crackdown on crypto firms and banks offering services to the industry, several sources told Cointelegraph. The alleged strategy consists of isolating the traditional financial system from the crypto market by spanning “multiple agencies to discourage banks from dealing with crypto firms,” aiming to lead crypto businesses to become “completely unbanked,”…
Bankrupt crypto broker Voyager Digital has submitted a plan for customers to recover their assets through Binance US, according to court filings. The early opt-in period started last week, meaning that Voyager customers can begin sharing data to help Binance US create new or link existing accounts ahead of settling claims. Voyager and Binance US wrote in the filing that…
The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan. In separate Feb. 8 court filings, the committee and Withhold account holders as well as the United States Trustee and Celsius borrowers objected to a motion aimed at extending the exclusivity period for…
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files for Bankruptcy Cash Cloud Inc., a digital asset ATM operator doing business as…
A federal judge has reportedly denied oral arguments proposing former FTX CEO Sam Bankman-Fried be allowed to use certain messaging apps. According to a Feb. 9 Reuters report, Judge Lewis Kaplan of United States District Court for the Southern District of New York upheld his ruling that Bankman-Fried be restricted from using encrypted messaging apps as a condition of his…
