Day: 19 December 2022

Edward Snowden, a National Security Agency whistleblower, has offered to take the position of Twitter CEO and is willing to accept payment in Bitcoin. He expressed his opinion in a tweet after Twitter CEO Elon Musk asked for suggestions on how to keep the platform alive and running smoothly. The ...

Solana has officially launched Solcial, its first social media network  on its mainnet today. Solcial has been running since November  but access was previously limited to invited users. The network has about 1,200 users onboarded and is now available for all Web3 enthusiasts and creators to explore.  Solcial is a ...

Voyager Digital, the cryptocurrency lender that filed for bankruptcy earlier this year, announced that Binance.US would acquire its assets for $1.022 billion. This bid includes the fair market value of Voyager's cryptocurrency portfolio, currently valued at around $1.002 billion, and an additional $20 million in incremental value. In a statement, ...

Yuga Labs, the company behind the Bored Ape Yacht Club, has announced the appointment of Daniel Alegre as the new CEO. Alegre previously served as president and COO of Activision Blizzard. According to a press release from the firm, Nicole Muniz, who has previously been in charge of the NFT ...

Nigeria is considering a new bill that would recognize cryptocurrencies as capital for investment purposes and outline the supervisory roles of the Central Bank of Nigeria and the Securities and Exchange Commission (SEC) concerning digital currencies.  The Investments and Securities Act, 2007 (Amendment) Bill, if passed, would establish a regulatory ...

The growing use of cryptocurrencies has led to a higher demand for insurance coverage for digital currency traders and exchanges. However, recent events have left many in the industry without sufficient protection. Insurance companies have reportedly denied or limited coverage to clients with any involvement with the now-bankrupt crypto exchange ...

The Digital Currency Group (DCG), a strategic investor known for using its connections to generate profits for clients, is reportedly facing liquidity issues of its own. According to a report, the company has temporarily halted repayments until the problem is resolved. In addition to providing investment services, the DCG offers ...

CoolBitX, a blockchain security firm, has launched CoolWallet Hot, a Web3 wallet that allows cryptocurrency users to securely store their assets.  This was announced in a press release on December 18. The company is known for providing a range of cold storage wallets for its consumers since 2016. Users can ...

Karl Sebastian Greenwood, a co-founder of OneCoin, has pleaded guilty to several charges brought by the U.S. Department of Justice (DOJ) and could face up to 60 years in prison. OneCoin was a fraudulent cryptocurrency scheme conducted by offshore companies based in Bulgaria and registered in Dubai that duped unsuspecting ...

An Israeli court has authorized the seizure of cryptocurrency assets in over 150 digital wallets flagged as potentially used for terrorism financing. According to a report, the Magistrate Court in Tel Aviv ruled to authorize the Israeli government to confiscate all the crypto assets in over 150 digital wallets it ...