Crypto Biz: Telegram and OpenSea on authorities’ radar
This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising.
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Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs
Celebrating the first real word Bitcoin transaction, Cointelegraph launched a brand new, limited-time "Bitcoin Pizza Collection." Join in on the tradition and grab some of the coolest crypto merch. Free shipping worldwide on orders over $100. 586 Total views 38 Total shares Twelve years ago today, on May 22, 2010, programmer and early Bitcoin (BTC)…
Russia aims to replace US dollar reserves with digital assets in long term
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades. 1602 Total views 37 Total shares As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies.Aleksandr Pankin,…
Sam Bankman-Fried’s father dragged his mother into an FTX US salary dispute
A complaint filed in bankruptcy court claimed Joseph Bankman involved Barbara Fried when answers from neither his son or FTX US satisfied concerns around his $200,000 annual salary. Joseph Bankman, the father of former FTX CEO Sam Bankman-Fried (SBF), complained to his son about the salary he was receiving during his employment at FTX US
Circle to invest in Japanese yen stablecoin as part of expansion to Asia
Circle's Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts. 972 Total views 49 Total shares Circle, the United States-based issuer of USD Coin (USDC), has set its sights on thriving Asian crypto markets. In a move to strengthen its presence in Asia, Circle picked Singapore…
Bitcoin price is fragile, but on-chain data points to fresh accumulation
The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a forest fire, whose destructive power is essential to the rejuvenation of a forest's ecosystem, dramatic market shake-outs are a vital part of…
Buterin weighs in on zk-EVMs impact on decentralization and security
Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer. 116 Total views 2 Total shares Own this piece of history Collect this article as an NFTEthereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs)…
Celsius Network files ‘adversary complaint’ against EquitiesFirst
Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto. 400 Total views 3 Total shares Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.According to a sealed
What is driving institutions to invest in crypto? BlockFi’s David Olsson explains
“Out of the 80% of Top 50 hedge funds in the world we’ve spoken to, they all are embarking on some sort of crypto journey,” says Olsson. 115 Total views 22 Total shares In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his…