Thai authorities raid illegal Bitcoin mine behind local power outages

Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges. 329 Total views 7 Total shares South Korean crypto exchange Bithumb has reportedly announced a ban on foreigners who have not completed phone-based Know Your Customer (KYC) verification.According to local coverage by Pulse, non-Koreans using…

BCause Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets. In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year. This week, a federal judge approved the motion to convert the…

Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts. 401 Total views 11 Total shares Own this piece of history Collect this article as an NFTThe company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal claiming it…

Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost access to their accounts following a subsequent freeze. 607 Total views 3 Total shares Prominent economist Peter Schiff, who is well-known in the community for his anti-crypto sentiments, had his bank shut down by Puerto…

Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector.Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and…

Cryptocurrency exchange Binance will open trading of two pairs using Ripple (XRP) as the quote currency, a blog post confirmed Dec. 24.Set to launch the same day, the TRX/XRP (Tron) and XZC/XRP (Zcoin) pairs represent the first time for Binance to use XRP as the base currency.As part of the update, developers will rename the…

DeFi’s tremendous growth hasn’t come without obstacles; the nascent industry still struggles with high costs, failed trades and front-running. 2333 Total views 13 Total shares IDEX, a San Francisco-based decentralized exchange, has unveiled new protocol upgrades designed to solve two of the biggest issues with DeFi — slippage and front-running. The exchange claims that its Hybrid Liquidity protocol…

Unbound Capital aims to become the first decentralized cross-chain stablecoin. The private investment round had participation from at least 14 venture funds and over a dozen angel investors from across the blockchain industry. 3323 Total views 7 Total shares Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment…

Emin Gün Sirer, the founder and CEO of Ava Labs, has been awarded millions in damages after an influencer publicly accused him of being part of a Turkish terrorist group in 2021. 419 Total views 2 Total shares Own this piece of history Collect this article as an NFTAva Labs founder and CEO Emin Gün…