Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well…troubled. Despite recent attempts to pay off its debts in an apparent bid to get its hands on locked-in collateral, in the United States, the Vermont Department of Financial Regulation (DFR) has issued a scathing consumer alert,…
Read more
Professional investors are warming to Ethereum again as ETH-based funds see a third consecutive week of inflows. Ether (ETH) prices may have dipped again on Wednesday, but there are signs that professional investors are warming to the asset as the highly anticipated Merge draws closer. In its digital asset fund flows weekly report, fund manager…
Read more
Coinbase CEO Brian Armstrong is looking for enhanced efficiency from its internal teams, noting that rapidly growing firms often become complacent and slow. Crypto exchange Coinbase is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month. In a July 13…
Read more
The SEC has argued that the documents should be protected because Hinman wrote the speech as a “personal errand,” but the judge didn’t buy it. The United States Securities and Exchange Commission (SEC) has suffered a blow in its case against Ripple after a U.S. judge denied its claims for attorney-client privilege regarding internal documents…
Read more
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows. Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator. Ethereum price risks technical breakdown…
Read more
The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. Vermont’s Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is…
Read more
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin.
Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes
President…
Read more
Electronics giant Samsung has announced the launch of Space Tycoon, a metaverse-based experience built as part of the Roblox world. The gaming metaverse, which is directed to entertain Gen Z users, will feature a world in which Samsung products can be constructed by picking their fundamental components. The experience will also include a shop for…
Read more
Bitcoin price followed a bearish path below the USD 20,500 level and even declined below the USD 19,500 support zone before moving higher again. It is currently (04:00 UTC) consolidating near USD 19,500 and is down 2% in a day and 3% in a week. Similarly, most major altcoins are showing bearish signs. ETH traded…
Read more
A new free-to-mint NFT project called The Saudis has become the second most traded collection on major marketplace OpenSea over the past seven days. At the time of writing, the collection has notched over ETH 7,000 (USD 7.4m) in trading volume over the past week, only second to popular NFT collection CryptoPunks which has scored…
Read more
