The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down. The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision...Continue Reading

BTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5 Bitcoin (BTC) bulls regained some control on Nov. 30 and they were successful in keeping BTC price above $16,800 for the past 5 days. While the level is lower than traders’ desired $19,000...Continue Reading

“It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later,” said Maxine Waters. Maxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media...Continue Reading

The term describing an internet-enabled virtual world lost to ‘Goblin mode’ in 2022 — “a type of behavior which is unapologetically self-indulgent, lazy, slovenly, or greedy.” The Oxford University Press team chose ‘metaverse’ to come in as a runner-up to ‘Goblin mode’ for the word of the year in 2022. In a Dec. 4 announcement,...Continue Reading

Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins. It’s the final month of the year and analysts are out with their projections for the next year. In a note to investors, Standard Chartered suggested that...Continue Reading

“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo. Bank of Indonesia governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec. 5 speech at the central...Continue Reading

Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda. Blockchain-based institutional capital marketplace Maple Finance announced on Dec 5 that it plans to cut all ties with Orthogonal Trading due to alleged misrepresentation of finances following the collapse...Continue Reading

Tornado Cash contributes to our national security interests more than it undermines them. One of the most powerful moments in a new crypto user’s journey happens the first time they send a sizable amount of money to their private wallet. It’s an awe-inspiring, serious moment — and it’s a little scary to experience the power...Continue Reading

Buterin was specifically bullish on the rise of decentralized blockchain identities to enhance user privacy. In a blog post dated Dec. 5, Ethereum (ETH) co-founder Vitalik Buterin wrote that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and hybrid applications were the top developments he was excited about in the Ethereum ecosystem. Buterin...Continue Reading

The revision seeks to remove nonfungible tokens from Malta’s Virtual Financial Assets Framework. The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework.  Under the current regulatory framework, NFTs are included within the scope of the Virtual Financial Assets Act,...Continue Reading