Category: Crypto News

Logan Paul backflips on defamation lawsuit against Coffeezilla, apologizes

January 9, 2023 admin

YouTuber Logan Paul has deleted a video in which he threatened to sue internet detective Stephen \”Coffeezilla\” Findeisen over a three-part series that painted Paul’s CryptoZoo project as a \”scam.\” According to Coffezilla in a Jan. 6 Twitter post, Paul has promised to drop his threats of filing a defamation lawsuit over the videos. Logan called…

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Why DeFi should expect more hacks this year: Blockchain security execs

January 9, 2023 admin

Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated. Executives from blockchain security and auditing firms HashEx, Beosin and Apostro were interviewed for Drofa’s An Overview of DeFi Security In 2022 report shared exclusively with Cointelegraph. The…

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Mexico\’s digital peso delayed, unclear launch date

January 9, 2023January 10, 2023 admin

Mexico\’s central bank digital currency (CBDC) development is still in the initial phase, and it is unlikely to be ready for launch by 2024. According to local media reports, Mexico\’s central bank, known as Banxico, is currently working on legal, administrative, and technological requirements for the peso\’s digital version. The first of three stages for…

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Digital Currency Group under investigation by U.S. authorities: Report

January 8, 2023 admin

Crypto conglomerate Digital Currency Group, or DCG, is under investigation by the United States Department of Justice\’s Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report. The authorities are digging into internal transfers between DCG and its subsidiary crypto lending firm Genesis Global Capital, noted the…

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Bitcoin, Sango Coin and the Central African Republic

January 8, 2023 admin

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a…

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Wyre imposes up to a 90% withdrawal limit for all users

January 8, 2023 admin

Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.” Following the policy…

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Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

January 8, 2023 admin

Scuderia Ferrari, the racing division of luxury carmaker Ferrari, joined the growing list of Formula One racing teams to end partnerships with their cryptocurrency sponsors. Ferrari exited its multi-year partnership deals with Velas Blockchain and chip manufacturing giant Snapdragon, resulting in a cumulative $55 million loss for the Italian team ahead of the 2023 season….

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FTX asset sales challenged by U.S. Trustee: Report

January 8, 2023 admin

Bankrupt crypto exchange FTX\’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters. As per the filing, U.S. Trustee Andrew Vara called for an independent investigation before any sale, claiming that valuable information related to the exchange\’s bankruptcy could…

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SBF pleads not guilty, layoffs, and bank run on Silvergate: Hodler\’s Digest, Jan. 1-7

January 8, 2023 admin

Top Stories This Week Sam Bankman-Fried enters not guilty plea for all counts in federal court Former FTX CEO Sam Bankman-Fried (has pleaded not guilty to all charges related to the collapse of the crypto exchange, including wire fraud and securities fraud. He faces eight criminal counts, which could result in 115 years in prison…

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Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens

January 8, 2023 admin

A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. On Oct. 26, Singapore’s central bank issued consultation papers and proposed banning digital payment token service providers from offering “any credit facility” to consumers, including both fiat and cryptocurrencies….

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