Key Takeaways Yifan He described the virtual currency concept model X-to-earn as a “phishing strategy.” He believes all unregulated cryptocurrencies, including Bitcoin are Ponzi schemes Yifan He, CEO of Red Date Technology, is the latest to express his skepticism towards…
Key Takeaways Galaxy Digital’s analyst Christine Kim stated that the last “shadow fork” ahead of Ethereum Merge wasn’t successful owing to problems with node synchronization. The next mainnet shadow fork is tentatively planned around the first week of July. Galaxy…
Key Takeaways On Sunday, Anonymous YouTube Channel uploaded a video directed at Do Kwon. The Anonymous group believes Do Kwon should be responsible for defrauding billions of dollars from investors. The hacker group would be investigating Do Kwon’s actions since…
Key Takeaways The draft law introduces the concept of taxing virtual asset income and crypto holdings. According to the new law, any income from crypto transactions or mining will be considered corporate income when received as a result of business…
Key Takeaways With this lay off, Bitpanda will be reducing its headcount from nearly 1,000 employees to 730. The company stated that the layoff move was triggered by a need to be “robustly well-capitalized to navigate the storm and get…
Key Takeaways Reportedly Celsius has hired an unknown number of restructuring consultants from the advisory firm Alvarez & Marsal to advise on a potential bankruptcy filing. Earlier this month, the firm had also hired lawyers in an attempt to restructure…
Key Takeaways Hoskinson wants the crypto industry to have a “self-certification system” that could automatically monitor compliance until an anomaly is encountered. He wants the legislators to allow the crypto sector to create self-regulatory organizations like the private banking industry.…
Key Takeaways The Partnership is aimed at spurring growth in the Asian NFT ecosystem. An end-to-end metaverse support package will also be provided by Klaytn Foundation. Metaverse blockchain ecosystem, Klaytn Foundation, has joined hands with OpenSea- the leading marketplace for…
Key Takeaways CoinFLEX cited extreme market conditions last week and continued uncertainty involving a counterparty as reasons to halt withdrawals. The firm will also halt all FLEX Coin trading in perps and spot in the short term Crypto exchange CoinFLEX…
Key Takeaways: With the crypto incident response service, Chainalysis wants to demonstrate that crypto is not the asset class of anonymity and crime. As part of the program, the 24/7 Chainalysis Crypto Incident Response hotline will assist victims of a…
