Maker, now Sky’s, new stablecoin lashed over ‘freeze function’

The mining firm's expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022. 232 Total views 3 Total shares Crypto mining firm BIT Mining, which recently announced it would be expanding out of the Chinese market, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan.In a Wednesday announcement,…

Chairman Cho Kook-bong will also take over a majority of shares previously held by co-founder Leon Li. 547 Total views 3 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTLocal media reported Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name.…

MicroStrategy currently holds a total of 125,051 BTC acquired for $3.78 billion at an average price of $30,200 per Bitcoin. 697 Total views 23 Total shares MicroStrategy, the fortune 500 company with a 125,051 Bitcoin (BTC)-strong treasury, announced its Q4 2021 financial results on Feb. 2.The institutional software solution provider reported a net loss of $146.6…

Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year  According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.6 million to boost consumption during the Lunar New Year celebrations between…

Bitcoin (BTC) failed to hit $100,000 during the 2021 bull market because defunct exchange FTX kept selling BTC, analysis claims.In an X post on Oct. 12, Joe Burnett, senior product marketing manager at Bitcoin financial services firm Unchained, joined voices arguing that FTX executives suppressed BTC price strength.FTX testimony reveals mass BTC sellingAs the trial

Banks cleared over $2 trillion in "suspicious" transactions. How did crypto fare in comparison? The major banks who were mentioned in the recent FinCen leak were subsequently thrashed by the market today. According to the investigation conducted by the International Consortium of Investigative Journalists, over the 20-year period from 1997 to 2017, the listed financial institutions…

Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed. 230 Total views 17 Total shares Online streaming platform and production company Netflix will be producing a film on deceased crypto exchange QuadrigaCX founder Gerald Cotten.In a Sept. 23 tweet from Netflix, the platform…