The newly elected Mayor of New York City Eric Adams has received his first paycheck in crypto via Coinbase’s Direct Deposit, media report says. According to ZDNet, Adams received his first paycheck in cryptocurrency — specifically, in a combination of Bitcoin and Ethereum coins — becoming the first mayor of the Big Apple to have…
Bitcoin dropped 9.28% to $36,955.03 at 22:02 GMT on Friday, losing $3,781.02 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 2.4% from the year’s low of $36,146.42. Ether, the coin linked to the ethereum blockchain network, dropped 12.27% to $2,631.35 on Friday, losing $368.18 from its previous close. (Reporting…
Bitcoin, along with other digital cryptocurrencies, crashed to its lowest level on Saturday and the continuing meltdown has wiped out over $1 trillion from the global crypto market value. Bitcoin was hovering at $35,000 per coin and the largest digital asset by market value has lost more than 40 per cent since reaching its peak…
Leading cryptocurrency platform Crypto.com has finally admitted that 483 users on its platform lost almost $34 million in various digital coins owing to a compromise in two-factor (2FA) authentication. Overall, the unauthorised withdrawals had over $15 million worth of etherum, $19 million worth of Bitcoin and $66,200 in “other currencies”. The platform said late on…
Crypto currency staking management platform Stader Labs, has raised $12.5 million in a strategic private sale that values the company up to $450 million. The sale was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and select angels, including Prabhakar Reddy, Cofounder of FalconX…
The CEO of cryptocurrency exchange crypto.com, a cryptocurrency platform endorsed by famous Hollywood actor Matt Damon, has confirmed that hundreds of user accounts were hacked and their funds stolen. CEO Kris Marszalek told the media that nearly 400 customer accounts had been compromised. During the hack, Crypto.com paused its users’ ability to withdraw funds. “We…
Chancellor of the Exchequer Rishi Sunak has laid out plans for the UK’s Financial Conduct Authority (FCA) to crack down on misleading adverts of cryptocurrency, bringing it in line with other financial promotions. A consultation response, published on Tuesday, sets out the UK government’s plan to bring the promotion of so-called cryptoassets within the scope…
The term “metaverse” is everywhere. On Tuesday, Microsoft cited the so-called metaverse as a reason for acquiring the game developer Activision Blizzard for $68.7 billion, saying the deal would provide “building blocks for the metaverse.” Facebook’s founder, Mark Zuckerberg, has also bet on the metaverse and renamed his social networking company Meta. Google has worked…
Sahicoin, a crypto-native social platform, has raised $1.75 million in the latest seed round led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors. The fresh round of funding will be deployed to scale the team across engineering & product, and grow the platform. Founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput,…
With an aim to reign in cryptocurrency ads promising wild returns, Spain has now joined countries like Singapore and India, stressing that the advertising of crypto-assets must be clear, balanced, fair and explain risks to the public. Spain’s National Securities Market Commission has issued new guidelines, to come into force from February 17, that mandates…
