Celsius distributes $2.5B to 251,000 creditors amid bankruptcy proceedings
Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator.
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FBI is launching team to address crypto exploitation: US Deputy Attorney General
“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent the next victim," said Lisa Monaco. 855 Total views 8 Total shares U.S. Deputy Attorney General Lisa Monaco has announced that the Federal Bureau of…
2020 Is Becoming the Year of Staking With Some Major Achievements
Proof-of-work and proof-of-stake have a lot of benefits to offer the community, and the discussion around these algorithms has dominated conversations in the cryptocurrency community. The use of staking will become more widespread this year on the protocol level with Ethereum 2.0’s expected arrival, along with the continued development of Cardano, Tezos and Algorand, ultimately…
Markets rethink Fed rate cuts as Bitcoin circles $44K on US jobs data
Bitcoin traders are increasingly focusing on altcoins as BTC price action cools following the week’s vertical upside. 582 Total views 26 Total shares Bitcoin (BTC) tapped $44,000 after the Dec. 8 Wall Street open as United States employment data shrunk market bets on interest rate cuts.BTC/USD 1-hour chart. Source: TradingViewBitcoin holds firm as jobs data
Singapore Police Secure First Convictions Against OneCoin MLM Scheme Agents
Singapore authorities have charged two men for promoting cryptocurrency multi-level marketing (MLM) scheme OneCoin in the first case of its kind for the city state, local daily news outlet Business Times reported on April 10.The two men, who were not named, reportedly engaged in activities involving incorporating a subsidiary to promote OneCoin, as well as…
PayPal stock has surged 17% since enabling Bitcoin purchases
The online payment platform launched crypto trading for U.S. customers on Nov. 12. 660 Total views 7 Total shares PayPal’s stock reached record highs on Monday, capping off a strong period of outperformance relative to the Nasdaq and broader U.S. stock market. Since Nov. 12, the technology-focused Nasdaq has gained around 6.5%. The broad S&P…
What are crypto faucets and how do they work?
On blockchains like the Ethereum Mainnet, fees represented in the blockchain's cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and…
Coinbase reveals plans for crypto app store amid global refocus
Coinbase is looking to bolster its global presence, announcing it will focus on launching new products “in most countries by default” moving forward, including a crypto app store. 330 Total views 3 Total shares Top U.S.-based centralized crypto exchange, Coinbase, has announced plans to launch a crypto app store offering third-party developed products.A June 30…
Blockchain Firm AVA Labs Acquires Private Investments Platform Investery
Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations.AVA Labs told Cointelegraph on Feb. 27 that the acquisition will enhance its financial offering by enabling access to private asset platforms and the issuance of private financial assets. Furthermore, Investery’s existing partnerships will also transition over to AVA.An expansion to private…