Key Takeaways RIOT announced first quarter Financial Results on May 10th. The miner recorded revenue of $79.8 million. The company noted that the consistent mining revenue margin was due to the operating efficiencies of new generation miners at Riot’s Whinstone…
Key Takeaways Yellen notes the run on UST stablecoin points to cryptocurrency’s risk to financial stability. She stated that it’s “highly appropriate” that Congress comes up with new stablecoin legislation by 2022 end. The comments were made during testimony before…
Key Takeaways The NFT Collection is titled “Mother of Creation” and includes 3 Single Edition NFTs which depict three distinct motherhood-inspired facets of life. The Three Single Edition NFTs are named Mother of Nature, Mother of Evolution, and Mother of…
Key Takeaways Bankless’ YouTube channel was banned on May 8th and was later unbanned Several web3 accounts like Gabriel Haines.eth, the Optimism Collective, were also banned recently without any proper notice Following this ban, Stani Kulechov took to Twitter urging…
Key Takeaways Reports suggest that Instagram won’t be charging users for posting/sharing NFTs. Instagram will likely be supporting popular crypto wallets like MetaMask on its platform. Earlier this year, Meta CEO Mark Zuckerberg had hinted that NFTs would soon be…
Key Takeaways US Treasury states that Blender.io was used by the Lazarus hacking group to launder $20.5 million worth of the cryptocurrency stolen from Axie Infinity Owing to the sanction,Blender.io won’t be able to access any of its funds that…
Key Takeaways Mining Capital Coin seemed to have all workings of a pyramid scheme, says DOJ. Capuci accused of diverting investors’ money into his own crypto wallet. SEC states that Capuci convinced 65,535 investors to purchase mining packages worldwide and…
Key Takeaways SEC approved a futures EFT application from Valkyrie. The application was filed under the ‘34 Act using a 19b-4 form. Spot bitcoin ETFs remain denied by SEC Regulators had earlier approved the first bitcoin futures ETF filed under…
Key Takeaways LFG acquired 37,863 BTC worth $1.5 billion in OTC swaps from Genesis Trading and Three Arrows Capital LFG is now one of the top 10 bitcoin holders in the world The Total Bitcoin reserve of LFG is valued…
Key Takeaways In a joint letter with Sen. Tina Smith, Elizabeth Warren had described crypto investment as a “risky and speculative gamble”. Earlier, US Labor department also raised concerns about Fidelity’s plan to offer bitcoin in 401(k)s The letter asked…
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