DOJ sues Visa over alleged payments monopoly
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.
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Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX
Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season. Despite the current bear market, it appears that crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a…
China’s IT Ministry Considering Strategy for Advancing Blockchain Development
The Chinese Ministry of Industry and Information Technology (MIIT) is reportedly considering ways to accelerate blockchain adoption, local news agency Xinhua reports Aug. 9. According to the report, the MIIT has proposed a number of measures to speed up the promotion of blockchain applications in the country in a move to provide a “healthy and…
Gram Token Injunction Could Go Down to the Wire
Following a two-hour hearing, a New York federal judge has extended the restraining order that prohibits Telegram from distributing its Gram tokens.On Feb 19, Judge P. Kevin Castel of the US District Court for the Southern District of New York reserved judgment on the US Security and Exchanges Commission (SEC)’s request for a preliminary injunction…
Weiss Ratings issues warning over crypto mortgage risks
Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans. 467 Total views 8 Total shares Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus…
Tax on income you never earned? It’s possible after Ethereum’s Merge
After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax season. Cryptocurrency forks, such as Bitcoin Cash, have created headaches for investors and accountants alike in the past.While there has been progress, the United States Internal Revenue Service rules still weren’t ready for something like the…
El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor. 402 Total views 3 Total shares El Salvador officially launched its first local Bitcoin (BTC) mining pool as the Volcano Energy project begins mining blocks through Lava Pool in partnership with Luxor Technology.The Bitcoin-friendly country’s $1
DeFi-Nitely A Bubble? Seller Blamed as COMP Crashes 45% on Coinbase
A frenetic day of trading on Coinbase Pro saw unusual activity from what seems to be an early investor in Compound, which briefly hit $427. 384 Total views 4 Total shares The rapid growth in the price of so-called decentralized finance (DeFi) tokens is raising fresh suspicions after one altcoin hit $427.In a curious sequence…
Coinbase Raises $300 Million in New Funding Round to ‘Accelerate’ Cryptocurrency Adoption
Major U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion, according to an official blog post published today, Oct. 30.The Series E equity financing round was reportedly led by investment firm Tiger Global Management, with participation from a host of…