The Oregon Division of Financial Regulation urged investors to do due diligence before putting their funds on any crypto platform. As the FTX collapse left many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of the already injured victims, posing as government officials.  In a post, the...Continue Reading

The state-backed platform will serve as a secondary market for NFTs and digital asset copyrights. According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT) trading on Jan 1, 2023. The entity, which acts as a secondary market for the...Continue Reading

Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the Bing search engine under Peter Thiels mentorship. Today, he heads up development for Berlin-based Matter Labs, which...Continue Reading

Plaintiffs have alleged that the products have not been registered, which prevented them from receiving disclosures to better assess the risks of using Gemini Earn. Tyler and Cameron Winklevoss, founders of Gemini cryptocurrency exchange, are reportedly facing a new lawsuit from investors over interest-earning program Gemini Earn. Disgruntled investors have filed a lawsuit against Gemini...Continue Reading

BTC bears are outnumbered based on open interest volume, but bulls’ hopes of $20,000 before 2023 have already been hampered. A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the...Continue Reading

Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% in 2022. Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis. Canaan’s total revenue for the first nine months of 2022 was roughly 4 billion...Continue Reading

Midas CEO Iakov Levin said that after the Terra, FTX and Celsius collapse, users withdrew more than 60% of their assets under management. Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio.  In an announcement, the company’s founder and CEO Iakov Levin...Continue Reading

The crypto community was not happy with the news that Big Short writer Michael Lewis met with the former FTX CEO. Members of the crypto community published their sentiments on social media in response to the former FTX CEO Sam Bankman-Fried’s reportedly meeting with Michael Lewis, the writer of the popular trading-focused film, The Big...Continue Reading

Customer class members don’t want to stand in line along the creditors of a failed crypto platform. While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority...Continue Reading

Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy. Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market. Argo Blockchain CEO Peter Wall officially...Continue Reading