Tag: breaking news ticker

Sep 30 2022

Uniswap Labs Seeks $100 Million In Equity Round, Here’s Why

Per a report from TechCrunch, Uniswap Labs is looking to raise $100 million to $200 million in a new equity round at a $1 billion valuation. The company behind the popular Ethereum-based decentralized exchange (DEX) is allegedly still planning the round and the terms of the deal. In that sense, the final result of these...

Sep 29 2022

Facebook And Instagram Will Allow Users To Connect Their Crypto Wallets

Meta has announced an update for its non-fungible token (NFT) features on Facebook and Instagram. Starting today, the social media platforms will allow U.S.-based users to connect their wallets and share their NFT with their friends and followers. According to an official announcement, the update will also allow Facebook...

Sep 27 2022

Celsius Network CEO Resigns Following Bankruptcy Filing

Celsius Network has seen months of turmoil as the company halted operations, was hit with lawsuits and filed for bankruptcy in the United States. Now, its CEO and founder Alex Mashinsky submitted his letter of resignation, according to a press release. The resignation will be enforced “effective immediately”,...

Sep 26 2022

Crypto Exchange Binance Unveils New Fee Burn Mechanism For LUNC

The mission to keep the value of Terra Classic (LUNC) has been undertaken by the entire community, and Binance has managed to always be at the forefront of this. The proposed 1.2% transaction fee burn was fully supported by the community, which caused the value of the digital asset to surge. Now, Binance has joined in with a new trading fee burn mechanism...

Sep 21 2022

Kraken CEO Jesse Powell To Step Down, COO To Take His Place

Per a report from Fortune magazine, founder and Kraken CEO Jesse Powell is stepping down from his position. Powell will be replaced as Kraken CEO by the company’s current Chief Operating Officer Dave Ripley. Ripley will take over as long as the company finds a replacement for his current position, the report...

Sep 20 2022

Nasdaq To Launch Institutional Crypto Custody Service Soon

According to reports, equity exchange operator Nasdaq is soon to make its entry into the institutional crypto custody service. The reason behind this move can be alluded to as increasing the scope of the operator's range of services that have been provided within this particular space....

Sep 15 2022

Yuga Labs Rumored To Be Launching New NFT Collection, ‘Mecha Apes’

Yuga Labs is coming back for more. That's at least the word on the rumor mill, as a reportedly leaked document details an upcoming release, tentatively called 'Mecha Apes,' that could hit the market by the end of the year. Let's take a look at the details that have hit the wire in the early hours of the leak, and what we can...

Why Crypto Regulation Puts CFTC In Crosshairs With SEC Once Again

Crypto regulation is inevitable, that seems to be the message coming from U.S. regulatory agencies, government officials, and large players in the space. Once they have understood this, their factions push for what they consider will be most beneficial for the nascent asset class. This led to a political conflict between the top U.S. financial regulatory agencies, the Securities and Exchange Commission (SEC)...

Sep 14 2022

LUNA Founder Do Kwon Wanted By Korea, Soon Interpol

According to a report from a local news media, law enforcement agencies in South Korea issued an arrest warrant against LUNA Founder and Terraform Labs CEO Kwon Do-Hyeong also known as Do Kwon. The founder has been under authorities’ radar since the collapse of the Terra ecosystem in May 2022. The arrest warrant was issued by the Seoul Southern District...

Sep 13 2022

Charles Schwab, Citadel, Fidelity And Partners Launch Crypto Exchange

Major names in the financial sector have announced the launch of a new crypto exchange called EDX Markets (EDXM). Aim at improving liquidity across the crypto market and offering customers in the U.S. exposure to digital assets, EDXM will allegedly offer better prices and a compliant product for retail and institutional investors. Per a press release, the...

Sep 12 2022

Investment Giant Fidelity Could Allow Bitcoin Trading On Its Platform

Fidelity Investments might provide its clients with access to Bitcoin trading via its brokerage platform, according to a report from The Wall Street Journal. The firm has been highly engaged in crypto markets, and already announced products that will provide their wealthy clients with exposure to the cryptocurrency. The...

Why Starbucks Partnered With Polygon For Their NFT Loyalty Program

Starbucks will work with the Ethereum second layer solution Polygon on their non-fungible token (NFT) loyalty program, called “Odyssey”. Announced over 5 months ago, the initiative coincides with the return of the company’s founder Howard Schultz as CEO and with in-house issues. Thus, “Starbucks Odyssey” is aim at providing customers with a new experience and possibly mitigating some of these internal problems. According...

Sep 05 2022

Why Binance Will Suspend Ethereum And Wrapped Ether Wallet Services Ahead Of “The Merge”

Per an official post, crypto exchange Binance will take extra precautions during Ethereum’s “Merge”. The platform announced a halt in ETH deposits and withdrawals across multiple networks starting tomorrow September 6th, 2022, at 2:00 UTC. Users will be unable to deposit or take out their Ethereum (ETH) from the exchange, as mentioned,...

Sep 01 2022

Celsius Wants To Reopen Withdrawals For Some Customers, Here’s Why

Celsius has been in the thick of bankruptcy proceedings for about two months now. There have been various revelations about the company’s financials and how it viewed various subsets of its customers. These views are made even more obvious in a filing that was published on Thursday stating that the crypto lender wants to reopen withdrawals for Custody and Withhold Account holders. Only...

Aug 31 2022

Bitcoin Bull Michael Saylor Sued For Alleged Tax Fraud

Bitcoin investor and founder of software company MicroStrategy Michael Saylor are being sued for alleged tax fraud, according to a complaint filed by the United States D.C. Attorney General Karl Racine. The billionaire has been living in this state for around ten years, the government official said but has allegedly failed to meet tax obligations....

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