Crypto products shed $528M amid recession fears — CoinShares

The late founder of Canadian crypto exchange QuadrigaCX, Gerry Cotten, was purportedly funding the exchange with his own money while it was in litigation with a major Canadian bank. Cotten’s widow Jennifer Robertson revealed details about the exchange’s financial situation in a statement published on March 13.The statement reads that Cotten was putting his own…

According to a senior advisor at consultancy firm McKinsey, John Straw, blockchain could make the City of London irrelevant in the near future. He made the claim at a Computing.co.uk Live Event on Oct. 24. Straw added that this could result in a breakdown of the United Kingdom’s tax system, and ultimately the demise of the…

Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX. 652 Total views 2 Total shares In the wake of the FTX liquidity crisis, two major crypto exchanges have announced that they will provide Proof of Reserves, also known as Proof of Funds (PoF) within the next…

The U.S. Treasury Department has sanctioned two Iranians allegedly involved in Bitcoin (BTC) ransomware scheme SamSam, the Treasury reported in an official press release today, Nov. 28.The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action on Wednesday against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who are accused…

The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal.Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which it provides insight into cryptocurrency operations and Bitcoin (BTC) transactions around the world between…

Stables Money already has a chunk of the $35 billion Philippine remittance market and will upgrade service with the new stablecoin.

Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices.Crypto payments via QR codesCointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes…

Activity on the Cardano (ADA) blockchain is starting to heat up, with 400 new projects in the works, along with 100,000 new wallets being created over the past month. According to an April 19 Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has…

Bitcoin markets are getting slowly cleansed of irrational exuberance with a classic drawdown towards $60,000. 1671 Total views 19 Total shares Bitcoin (BTC) briefly dipped below $63,000 later on Oct. 21 as a standard correction cooled the market.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for new support at old peakData from Cointelegraph Markets Pro…