Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals

The University of Michigan’s $12 billion endowment plans to bolster its investment in a “cryptonetwork technology fund” (CNK Fund I) managed by American venture capital firm Andreessen Horowitz. The development was revealed in the agenda for the university’s Board of Regents meeting on Feb. 21.According to the document, the endowment had already committed $3 million…

With no leadership elected to the House of Representatives, efforts to address fraud allegations at FTX or legislate crypto may be delayed indefinitely. 401 Total views 3 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTAt the time of publication, the United States House of Representatives was at a historic standstill in…

The United States’ law enforcement recovered and returned over $104,000 stolen from the cryptocurrency exchange Bitfinex, according to a Medium post by the exchange published on Feb. 25.The funds returned are reportedly just under 27.7 Bitcoins (BTC), which were stolen in August 2016 in a hack that involved the theft of around 120,000 BTC in…

Volume for Samourai Wallet’s non-custodial Bitcoin mixer, Whirlpool, tripled last month, with the service processing more than $10 million worth of Bitcoin (BTC).According to data published to Twitter by Whirlpoolstats’ Matt Odell, March activity  comprised 40% of the then-total volume produced by Whirlpool since its launch in May 2019.Whirlpool mixer sees record activitySamourai Wallet’s Whirlpool…

After years of uncertainty about its cryptocurrency regulation, Russia is further confusing its proposed crypto law as the country’s central bank made yet another statement on the issue.According to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurrency legislation — a bill “On Digital Financial Assets” — will ban…

Jeffrey Skilling — the former Enron CEO who served 12 years in prison after a 19 count conviction for his part in the firm’s notorious collapse — is allegedly meeting with crypto industry experts ahead of his new business venture. The claim was made in a report from the Wall Street Journal on March 22.Skilling was…

Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets. 664 Total views 3 Total shares The G7 committee recently met in Niigata, Japan to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs)…

Crypto exchange Seed CX — a Chicago-based licensed platform targeting institutional clients — has launched a digital asset wallet solution with on-chain settlement, according to a press release published Jan. 10.  Seed CX has reportedly developed the new wallet solution together with its settlement subsidiary, Zero Hash — a crypto and fiat currency custodian providing…

Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform on March 1st.This platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via an internal blockchain.Mashreq accomplishes this by removing the existing paper-based KYC procedure and replacing it with a…