The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds. Many customers at defunct crypto lending firm BlockFi have reported being able to withdraw funds for the first time in months following an order from a United States bankruptcy court. In...Continue Reading

Despite assurances, discrepancies between Cardano’s theoretical network capacity and its utility remain. An amusing attempt at satire has drawn the ire of Cardano (ADA) founder Charles Hoskinson, or so it appears. In response to a fan commentary doubting the blockchain’s roadmap and criticizing its supposed similarity to Ethereum (ETH), Hoskinson responded, “it’s getting delusion town...Continue Reading

However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities.  As per a legal document, FTX Trading and...Continue Reading

Stablecoin operator Tether is building specialized Bitcoin mining software aimed at using data analytics to optimize mining operations and boost production, CTO Paolo Ardoino says. Stablecoin issuer Tether (USDT) is building specialized software to optimize Bitcoin mining and renewable energy operating using data analytics, following recent investment endeavors into both categories. In conversation with Cointelegraph, Tether...Continue Reading

BTC price still has “heavy support” at the $28,000 mark, with confidence still in place that Bitcoin can avoid a deeper retracement. Bitcoin (BTC) is struggling to avoid further losses this week as an extended sideways trading period risks ending in a breakdown. BTC price action, long constricted by resistance above $30,000, is looking increasingly...Continue Reading

Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia. The central bank of Colombia has not yet decided whether or not to issue a central bank digital currency (CBDC), but believes that setting limits on CBDC transactions could bring about a...Continue Reading

Animoca Brands co-founder Yat Siu anticipates that there will be an increase in Web3 events activities and companies choosing Hong Kong as their Web3 headquarters. The Chinese special administrative region of Hong Kong is aiming to become a leading crypto hub, as the region started to promote the development of Web3. At the same time,...Continue Reading

PayPal’s stablecoin sparked conversations over traditional finance’s growing interaction with the crypto space, stablecoin regulations and more. Global payment processing giant PayPal announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7.  The stablecoin is developed on Ethereum (ERC-20) and will be issued by Paxos Trust Co. PYUSD is reportedly fully...Continue Reading

Technical analysts suggest that months of low volatility is often followed by a big price move. The Bitcoin (BTC) and Ether (ETH) 90-day price volatility hit a new multi-year low in August as the top two cryptocurrencies continue to trade under their key resistance of $30,000 and $2,000 respectively. According to data shared by crypto...Continue Reading

Profit and loss settlement will occur in U.S. dollars, with OrBit Markets responsible for order book liquidity. BitExchange has introduced XRP (XRP)-linked options on its cryptocurrency derivatives platform. According to an Aug. 17 statement from the exchange, the initiative will allow users to engage in XRP options trading without the need for cryptocurrency ownership. Profit...Continue Reading