Core Scientific, one of the world's largest Bitcoin miners, has reportedly filed for Chapter 11 bankruptcy protection in Texas today. The decision was made due to financial difficulties caused by falling cryptocurrency prices and high energy costs. According to...
Analysts predict that next-generation consumer brand interaction will be powered by NFTs in 2023, bringing new audiences to the metaverse. The metaverse was the subject matter of the business world in 2021 and early 2022, as developers rushed to...
The Governor of the Reserve Bank of India, Shaktikanta Das, has stated that while India is not at war with digital currencies, the use of private cryptocurrencies could lead to the next financial crisis. Das added that cryptocurrencies lack...
A new rule amending Alaska's money transmission laws now includes virtual currencies among the money transmission activities that are subject to regulation. Firms dealing in digital currencies will be required to obtain an Alaska money transmission license starting January...
MoneyGram has launched a new online platform called MoneyGram Online (MGO) in Brazil, allowing Brazilian users to send money internationally via MoneyGram. This service allows for almost real-time transfers to friends and relatives overseas and offers a variety of...
According to a report in the Korea Economic Daily, the assets of some past and incumbent CEOs of Kernel Labs, a subsidiary of Terraform Labs, worth approximately KRW 120 billion ($92 million), have been frozen by South Korean authorities....
Most Twitter users have spoken, and they want billionaire entrepreneur Elon Musk to step down as the head of the social media platform. In a recent poll on Twitter created by the billionaire, approximately 17.5 million responded, with significantly...
Sasha Ivanov, the founder of Waves, a decentralized and open-source blockchain platform, has announced plans to unveil a new stablecoin. Ivanov announced on Twitter on Tuesday, stating that he will be introducing the new coin, which he promised will...
Bankrupt cryptocurrency lender, BlockFi, has requested approval from a U.S. court to allow its customers to withdraw their funds currently locked on the platform. According to court documents filed on Monday with the U.S. Bankruptcy Court for the District...
In the wake of the collapse of cryptocurrency exchange FTX, Coinbase CEO Brian Armstrong has published a blog post outlining a practical approach for regulating cryptocurrencies and re-establishing public confidence in the sector. 1/ I often get asked: “What...
