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# Coinbase will ‘briefly pause’ ETH and ERC-20 token deposits and withdrawals during Ethereum Merge

Admin4 years ago04 mins

” Coinbase will ‘briefly pause’ ETH and ERC-20 token deposits and withdrawals during Ethereum Merge “ United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum’s core developers transition the blockchain to proof-of-stake, or PoS. In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel said that…

# Court filings reveal Celsius will run out of money by October

Admin4 years ago08 mins

” Court filings reveal Celsius will run out of money by October “ Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Filed on Sunday to the United States Bankruptcy Court of the Southern District of New York, Celsius highlighted that…

# Do Kwon breaking silence triggers responses from the community

Admin4 years ago04 mins

” Do Kwon breaking silence triggers responses from the community “ As the Terra (LUNA) co-founder and CEO Do Kwon breaks his silence about the collapse of the algorithmic stablecoin Terra USD (UST) and LUNA, the community responded with various sentiments against the Terra executive. Despite Kwon’s attempts to clear his name in an interview,…

# Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Admin4 years ago05 mins

” Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation “ Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market. The crypto lender informed its users in a Tuesday announcement that they have applied to the Singapore High Court…

# Australian Securities Exchange takes step towards tokenized asset trading

Admin4 years ago07 mins

” Australian Securities Exchange takes step towards tokenized asset trading “ Companies on the Australian Securities Exchange (ASX) could be able to trade tokenized bonds, equities, funds, or carbon credits after a successful proof-of-concept trial led by the digital asset investment platform Zerocap. On Monday, Melbourne-based digital asset investment platform Zerocap told Cointelegraph it had…

# Korean regulators investigate banks over .5B tied to Kimchi premium

# Korean regulators investigate banks over $6.5B tied to Kimchi premium

Admin4 years ago04 mins

” Korean regulators investigate banks over $6.5B tied to Kimchi premium “ South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an Aug. 15 report from Asia Times, the Financial Supervisory Service (FSS) ordered an investigation into…

# BitGo to sue Galaxy Digital for 0M over dropped acquisition

# BitGo to sue Galaxy Digital for $100M over dropped acquisition

Admin4 years ago04 mins

” BitGo to sue Galaxy Digital for $100M over dropped acquisition “ Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a “reverse break fee” in its decision to terminate an acquisition agreement. In a Monday…

# Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

Admin4 years ago04 mins

” Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ “ According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The…

# Galaxy Digital terminates BitGo acquisition, citing breach of contract

Admin4 years ago04 mins

” Galaxy Digital terminates BitGo acquisition, citing breach of contract “ After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday….

# Samsung Next exec argues Web3 projects must face the challenge of utility

Admin4 years ago04 mins

” Samsung Next exec argues Web3 projects must face the challenge of utility “ While Web3 has shown a lot of potential from its inception to today, some still believe that there is a challenge that players in the space must face, which is utility, according to a Samsung Next executive. In an interview, Raymond…