Celsius, a popular crypto lending platform, has allegedly submitted an application for Chapter 11 bankruptcy. This comes after the platform made headlines a few weeks ago for preventing its clients from withdrawing their assets. They blamed the decision to...
OpenSea is the latest cryptocurrency company to announce layoffs, with CEO Devin Finzer disclosing that around 20% of the workforce is being let go, in a tweet on July 15. In his Twitter thread, he disclosed the message he...
The Paraguayan Senate has passed yet another law regulating the mining and trading of cryptocurrencies in the country. The Senate had previously approved the bill in December, but the Chamber of Deputies amended and approved it in May this...
The governor of the Reserve Bank of Australia, the Australian Central Bank, Philip Lowe, believes that privately issued and regulated cryptocurrencies will improve the crypto ecosystem better than the Central Bank Digital Currency (CBDC). However, this will only work...
The latest issue of the Macroprudential Bulletin, published by the European Central Bank (ECB), focuses on financial risks associated with cryptocurrencies, particularly those linked to stablecoins and DeFi platforms, as well as the threat posed to goals for the...
MetaMask, a browser-based wallet for Web3 transactions, has announced plans to help victims of crypto fraud and phishing scams retrieve their funds. Asset Reality, a cryptocurrency asset investigation and retrieval specialist will handle this task and assist MetaMask users...
The troubled cryptocurrency lending company, Celsius, has paid off its final significant debt. Data from Etherscan shows that Celsius returned $50 million to decentralized finance (DeFi) lending platform Compound in the form of DAI, MakerDAO's stablecoin tied to the...
The governor of the French central bank, François Villeroy de Galhau, announced on July 12th that the French central bank, Banque de France, has begun the second phase of testing for a wholesale CBDC, which may be used to...
The California Department of Financial Protection and Innovation (DFPI) has announced that it is investigating some crypto interest account providers to see if they are operating within the law. The DFPI has advised California residents to be careful of...
A class-action suit filed last week in federal court in California accuses major individuals in the Solana ecosystem of illegally benefitting off SOL, which the suit claims are unregistered security. “The cornerstone of the value of SOL securities is...
