The Australian Securities and Investments Commission (ASIC) is trying to gain access to up to AUD 29 million (approximately $21 million) worth of Bitcoin stored on a cold wallet belonging to a Gold Coast resident suspected of being the mastermind behind a large-scale fraud scheme. Australian crypto exchange CoinSpot’s oversight controls have also been called into question in the fraud…
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use Bitcoin as Legal Tender The…
The Indian government will be considering a bill which would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country. According to a Nov. 23 publication, India’s lower house of parliament, Lok Sabha, will consider The Cryptocurrency and Regulation of Official Digital Currency Bill as one of 26 new bills when…
Hilton hotel heiress Paris Hilton joined a $20 million funding round in the Swiss nonprofit NFT project Origyn Foundation. Participants in the latest round include legendary investor Bill Ackman’s hedge fund Table Management and crypto investment firm Polychain Capital, all of whom brought Origyn’s new valuation to $300 million. Origyn runs on Dfinity’s Internet Computer Project and uses artificial intelligence…
It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him the money back. “By the…
Tesla CEO Elon Musk and Binance CEO Changpeng Zhao (CZ) today got into a Twitter feud following issues surrounding Dogecoin withdrawals on the cryptocurrency exchange. According to Binance, issues encountered over Dogecoin withdrawals are down to a “technical issue” caused because the exchange has “a different technical wallet set-up for DOGE.” “Since the incident occurred, DOGE Network has been providing…
A guide to the multi-chain future, sidechains, and layer-2 solutions Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Justin Mart & Connor Dempsey. As of late 2021, Ethereum has grown to support thousands of applications from decentralized finance, NFTs, gaming and more. The entire network settles trillions of dollars in transactions annually, with over…
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, the Governing Council of the…
Twitter has become an arena for another cryptocurrency-related battle due to Binance experiencing ongoing issues with Dogecoin (DOGE) withdrawals. Tesla CEO Elon Musk, one of the world’s biggest Dogecoin fans, took to Twitter on Tuesday to bring up issues related to DOGE withdrawals on Binance. Tagging Binance CEO Changpeng Zhao, Musk wrote: “What’s going on with your Doge customers? Sounds…
SAND, the native token of the Sandbox — a blockchain-based gaming platform owned by Animoca Brands, inched higher on Tuesday, building on its gains made all across November, to reach another record high. SAND token price rose to $5.64 after swelling 16.25% intraday but retraced some of those gains to trade at $5.54 at the press time. The move took the Sandbox…
