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crypto investments survey

46% of American Crypto Investors Had Higher Expectations

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Pew Research Center’s new survey says 46% of American crypto investors find that their investments have performed worse than they assumed. 15% of the participants said the results have been better than their expectations, 31% said the results corresponded to their expectations, and 8% said they...

Celsius Prime Trust

Celsius Claims Prime Trust Should Return the Company Around $17 M

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The crypto lender Celsius, which is facing bankruptcy processes currently, is suing Prime Trust over $17 M in cryptos. The trust company provided custody and other services for Celsius. In June 2021, the businesses dissolved their partnership. According to the filing, Prime Trust returned about...

ftx

FTX crypto exchange earnings skyrocketed 1000% in 2021

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2021 turned out to be a good year for the FTX cryptocurrency exchange. The company's revenue grew by 1000% from $89 million to $1.02 billion. FTX is the third largest exchange after Binance and Coinbase in terms of the trading volume. Over the past 24 hours, the amount of transactions on this...

Pavel Durov Telegram NFTs

Telegram’s Pavel Durov Suggests Auctioning Usernames as NFTs

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Telegram’s Chief Executive Officer Pavel Durov has offered to bring usernames and channel links to market in the form of non fungible tokens. Durov said in a message he wrote to his group that he was moved by the success of the auction TON (The Open Network) lately executed for their...

Thailand

Thai authorities reminded citizens of the risks of investing in DeFi projects

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The Thai Securities and Exchange Commission (SEC) once again reminded the citizens of the country about the risks of investing in digital currencies. Only this time, the regulator urged investors to be as careful as possible when they decide to channel funds into projects deployed in the DeFi...

Samsung crypto exchange

Samsung to Release Its Cryptocurrency Exchange

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Samsung's security company based in South Korea will release its crypto exchange in 2023. According to local media, it will team up with several other securities companies in the country to establish a virtual asset firm. The companies started to obtain licenses from financial regulators in the...

Gary Gensler crypto regulations

SEC Chair Says Crypto Markets Shouldn’t Be Treated Differently

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Gary Gensler, the Chairman of the US SEC says there isn’t any reason to treat the cryptocurrency market in a different way than other capital markets only because it relies on different technology. According to the Wall Street Journal, Gensler mentioned the importance of investor protection,...

Tornado Cash

A rally against the arrest of Tornado Cash developer was held in Amsterdam

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On Saturday, August 20, a rally was held on Dam Square in Amsterdam in support of Tornado Cash developer Alexey Pertsev. On August 12, Dutch authorities arrested an unnamed man on suspicion of being involved in money laundering and hiding criminal financial flows through a cryptocurrency mixer....

ByBit Solana report

Solana Had Strong Growth Across GameFi and DAOs, Report Says

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Crypto exchange ByBit released a report on the Solana blockchain and its growth in the second quarter of this year. The report says although Solana saw major challenges, including two outages, the network upgrades in late Q2 have shown notable improvements related to speed and reliability. In Q2...

Bitcoin

The correlation of Bitcoin and the US stock market fell to a yearly low

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The bitcoin rate over the past two days has fallen from $23,376 to $20,871. The night before, the coin won back a little and rose to $21,294. Over the week, BTC capitalization decreased by 12.55% to $409.852 billion. The pressure from the bears is intensifying, bitcoin has not been able to break...

blockchain

Blockchain companies have been able to attract investments of $6 B

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The financing of the business focused on the blockchain industry from September 2021 to June 2022 amounted to about $6 billion. The 40 largest corporations invested mainly in this sector, according to a study by Blockdata. At the same time, it is impossible to determine the scale of funding, since...

Australia crypto regulations

Australia to Release Crypto Regulatory Framework Soon

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The Australian government is developing regulations for the cryptocurrency sector. Treasurer Jim Chalmers announced that soon the country will introduce a public advisory paper on the subject. The framework called "token mapping" will be a priority to figure out which cryptos are used in...

Hayes

Arthur Hayes bets on the growth of Ether after the activation of the Merge fork

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According to the ex-head of the BitMEX crypto exchange Arthur Hayes, in the event of a successful update of the Ethereum, the value of the network's underlying asset - ETH will begin to add. The sellers capitulated, the expert believes. Those who do not believe in its future have left the asset,...

FDIC crypto FTX

US FDIC Warns FTX and Others to Stop "Misleading" Claims

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On August 19, The Federal Deposit Insurance Corporation of the US released cautionary letters to 5 entities, and individuals saying they've made false and deceptive descriptions about digital asset products and the agency. The firms receiving such letters are FTX US, Cryptonews.com, Cryptosec.info,...

Crypto liquidations

Around $560 M Crypto Positions Were Liquidated

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Prices of cryptocurrencies started to decline again after a market rise for several days. In the last 7 days, Bitcoin dropped by 13.5% and now trades at around $21,200. Ether fell by 17% and trades at around $1,600. Global financial markets are unstable amid the growing inflation over the world. A...

South Korea

South Korea Urges Crypto Exchanges to Obtain Licenses by September 24

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Cryptocurrency exchanges must obtain licenses by September 24 to operate legally on the South Korean market. According to the Financial Services Commission (FSC), 16 foreign marketplaces operate in the country without licenses. If they do not complete registration within the deadlines set by the...

Genesis

Crypto company Genesis cuts staff by 20%

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Many companies in the crypto sphere are forced to lay off employees to reduce operating costs. Moreover, some teams have cut staff by more than 50% after the industry was in a state of crisis caused by the outflow of capital from digital currencies. Now this list has been added to the Genesis...

Ether Ripple Vitalik Buterin

Vitalik Buterin's Tweet About XRP Started a Debate

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Ethereum co-founder Vitalik Buterin replied to a tweet by Bankless founder David Hoffman about the new crypto regulatory changes in Canada. The rules define that investors are allowed to buy an unlimited amount of Bitcoin, Ether, Litecoin, and Bitcoin Cash. However, there is a $20,000 limit for...

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