crypto industry

After the collapse of FTX, Binance founder CZ Zhao initiated the Industry Recovery Initiative (IRI) with the goal of raising $1 billion to help struggling crypto startups. However, the IRI has faced challenges in deploying its funds and fulfilling its commitments. Despite the ambitious $1 billion ...

THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has taken a proactive step by entering maintenance mode to prevent potential illicit fund movements through its platform. This decision was made after consulting with advisors, legal counsel, and law enforcement. Cross-chai ...

Effective altruism, an ethical philosophy that encourages people to make as much money as possible to give it away later for charitable purposes, played a role in the decision-making processes at crypto exchange FTX, leading to what some described as "increasingly risky and ridiculous" actions. Adit ...

Cryptocurrency-related job opportunities are on the rise, with significant roles available in various countries and industries. Prominent cryptocurrency exchanges like Coinbase and Binance host about half of all crypto jobs, with software engineers at these exchanges potentially earning up to $90 ...

Kain Warwick, the creator of Synthetix (SNX), has expressed his belief that US financial regulators are no longer operating in good faith when it comes to overseeing the cryptocurrency sector. In an interview with Bankless, Warwick mentioned his surprise at the level of "adversarial attacks" on the ...

Chris Ferraro, the interim CEO of Celsius, has implemented a strategy focused on stability and a more "boring" work culture to revive the bankrupt lender. According to Bloomberg, Ferraro initiated regular staff meetings and emphasized sticking to the budget as part of his efforts to make the company ...

In a recent statement, cryptocurrency industry insiders underscored the critical need for regulatory clarity to fuel the sector's growth and stability. This call for clarity comes at a time when the crypto space stands at a crossroads, seeking to define its relationship with regulatory authorities. ...

Court documents reveal that FTX’s financial advisors are exploring the possibility of reversing payments made to athletes and celebrities prior to the company’s Chapter 11 filing, utilizing bankruptcy laws. According to Bloomberg, the extensive list of endorsements underscores the importance of m ...

It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulato ...

As the bear market keeps slashing venture capital investments in the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community while enabling the growth of established projects. According to Blockchain Grants, at least 40 c ...

U.S. presidential candidate Robert Kennedy Jr. again supported bitcoin and said that the SEC should not have people opposed to cryptocurrencies.</div In a recent interview, Robert F. Kennedy Jr. Kennedy Jr.) criticized the securities regulator for its bias against crypto ...

The Bybit exchange received preliminary approval from regulators in Kazakhstan to register as a provider of cryptocurrency storage services for citizens of the country. On Monday, May 29, the Astana Financial Services Authority (AFSA) pre-approved the platform. Now cry ...

Crypto exchange Bitget is starting a partnership with digital asset storage provider Copper to offer the platform's institutional customers over-the-counter settlement. The companies' partnership will allow institutional customers to trade and settle on exchanges in near ...

Cryptocurrency payment system platform Ripple acquired a stake in Pantera Capital from cryptocurrency exchange Bitstamp. This was reported by Galaxy Digital, which was involved in the deal. The Galaxy Digital team clarified that it advise ...

Following a legal battle with the SEC and accusations of offering unregistered securities, cryptocurrency exchange Coinbase countersued and delisted seven trading pairs. Coinbase Exchange announced the removal of trading pairs ASM/USDT, ATA/USDT, DESO/EUR, FORT/USDT, FORT ...

PeckShield reports that observations by its experts show that a series of scams involving the launch of about 24 memtokens have occurred in the past ten days. PeckShield analysts warn cryptoinvestors, who succumbed to the urge to earn on the rush of memtokens, of the dang ...

Cryptocurrency exchange OKX is looking at France as a regional hub in Europe and also plans to hire about 100 people over the next three years, spokesman Tim Byun said. "We intend to hire 100 full-time employees over the next three years.. I think we'll hi ...

Forbes magazine's crypto-asset author suggested that the Securities and Exchange Commission has "bitten off more than it can swallow" in its legal campaign against Ripple. Sam Lyman thinks it's becoming increasingly clear to the bodies of litigation that the new SEC admin ...

The volume of cryptocurrencies stolen in the first quarter of 2023 fell 65% from the same period in 2022, according to analyst firm TRM Labs. However, the number of break-ins has hardly decreased. 2022 was the biggest year in terms of stolen cryptocurrencies - hackers man ...

Today, May 22, 2023, marks the 13th anniversary of Bitcoin Pizza Day. This event is believed to mark the beginning of the use of bitcoin as a means of payment. Laszlo Hanyecz, a computer programmer from Florida, was the first bitcoin user 13 years ago  who risked using th ...

According to a report from the organizing team of the annual bitcoin conference in Miami, less than 50% of the average number of attendees from past years applied to attend in 2023. Last year, more than 35,000 people attended Miami Bitcoin 2022, say data from the conference ...

Stablecoin issuers, including Tether and Circle, have spent more than $1.3 million lobbying for cryptocurrency legislation in the United States since the beginning of 2022. Stablecoins have recently become the focus of U.S. lawmakers trying to develop a regulatory framework ...

Biggest manufacturer of mining equipment Bitmain introduced a new ASIC-miner Antminer KS3. It is designed to mine the not too well known cryptocurrency Kaspa with a capitalization of $356 million. The device has a capacity of 8.3 t ...

Investigation of the collapse of the American Signature Bank found that the cause was a liquidity crisis and poor management. However, the chairman of the Federal Deposit Insurance Company (FDIC) is sure: cryptocurrencies have done their part. Martin Gruenberg, speaking ...

Federal Reserve Bank of Minneapolis President Neel Kashkari has spoken out strongly against central bank digital currencies, questioning whether they can improve the speed and efficiency of payments. Neel Kashkari noted that the topic of launching a digital dollar has recen ...

Founder of DeFi Watch announced that the popular meme token PEPE may be a fraudulent project, while the head of Dizer Capital believes that Pepecoin was created by regulators to undermine the crypto industry. Despite the fact that the market capitalization of Pepecoin cry ...

They oppose the use of CBDC in the state Florida The Texas legislature has introduced a bill to ban central bank digital currency (CBDC). The text states that: "Retail CBDCs establish a direct link between the Fed and consu ...

Media obtained a secret memorandum recommending that Democratic members of the Financial Services Committee vote to recognize all crypto-assets as securities. The memo outlines key messages Democratic lawmakers should adhere to during a joint bipartisan hearing in the House ...

Crypto exchange Bitget announced the launch of a new referral program that offers users up to 9,000 USDT as a reward for inviting friends to the platform. Bitget updated the website and services to provide an improved user interface with useful features. The new referr ...

As Bloomberg reports, two major market makers, Jump Trading and Jane Street, announced they would cease operations in the U.S. market amid regulatory pressure. According to Bloomberg's source, the firms are not abandoning crypto-industry activities entirely. Jump Crypt ...

On April 26, a class-action lawsuit against Ripple Labs for allegedly selling XRP as an unregistered security will be heard in a federal court in California. The plaintiffs, represented by Bradley Sostak, aim to demonstrate that all individuals who bought and sold XRP at a loss, or still hold it, ...

According to Chris Burniske, a venture capital investor and partner at Filler, the cryptocurrency market is set to experience significant growth in the near future. Burniske is optimistic that the price of ETH will rise to $10,000 in the foreseeable future, representing a potential increase of 43 ...

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...

The senator has revealed her plans for the upcoming election campaign, which will focus on addressing the issues surrounding cryptocurrency companies and forming a strong coalition of opponents against crypto assets. Elizabeth Warren has shared her campaign thesis, expressing her long-standing op ...

Binance, a leading cryptocurrency exchange, has made an exciting announcement regarding its plans to establish a new hub in Georgia. The main goal of this new center will be to attract talent within the blockchain technology field, while also promoting education and public initiatives related to ...

The entrepreneur from Australia, who has made a name for himself in the crypto community as "the self-proclaimed Satoshi Nakamoto," recently expressed criticism towards the USDT stablecoin on social media. This reaction came in response to comments made by Mr. Whale, a prominent crypto expert, wh ...

El Salvador's President has taken a major step towards establishing the country as a global hub for the cryptocurrency industry. The move involves the elimination of all taxes on technology companies, as announced by Nayib Bukele, the leader of the nation that made Bitcoin an official means of pa ...

A member of Signature Bank's board has accused US regulators of intentionally discrediting the cryptocurrency industry by blocking the bank's operations over the weekend. Barney Frank, a former congressman and board member of Signature Bank, has alleged that the New York City Department of Financ ...

Silvergate Bank March 2023 has been a challenging month for banks operating in the crypto industry. The termination of operations has already been announced by Silvergate, Signature and Silicon Valley. What awaits crypto investors amid these events? Silvergate Bank The ...

Bitget, a cryptocurrency exchange, has announced its sponsorship of the Juventus women's team, a highly successful football team in Italy with a history of five league titles, two Italian Cups, and three Italian Super Cups. The decision to sponsor the team was inspired by Bitget's commitment to g ...