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” PayPal held $604M in Bitcoin and other crypto at the end of 2022 “ Global payment giant PayPal holds a significant part of its financial liabilities in cryptocurrencies such as Bitcoin (BTC) offered to its customers. As of Dec. 31, PayPal held a total of $604 million in various cryptocurrencies, including Bitcoin, Ether (ETH),…
” South Korea sets independent sanctions for crypto theft against North Korea “ South Korea announced its first independent sanctions related to cryptocurrency thefts and cyber attacks against certain North Korean groups and individuals. According to Seoul’s Ministry of Foreign Affairs, four North Korean individuals and seven businesses have been placed on a blacklist for…
” Mississippi senate passes bill to protect cryptocurrency miners from discrimination “ The American state of Mississippi is one step closer to protecting the rights of cryptocurrency miners after the state senate passed the Mississippi Digital Asset Mining Act on Feb. 8. There is a companion bill under consideration in the state house of representatives. …
” 3AC and CoinFLEX launch website, waitlist for crypto claims exchange “ A crypto exchange project initially proposed by 3AC and Coinflex has now launched an official website and waitlist as of Feb. 9. Called “Open Exchange (OPNX)”, the new project alleges that it will be “the world’s first public marketplace for crypto claims trading…
” Rocket Pool’s Ethereum staking service reaches $1B in TVL “ According to data from DefiLlama, Ethereum staking service Rocket Pool reached $1 billion in total value locked (TVL) on Feb. 9. The move comes less than two years after the decentralized finance (DeFi) protocol launched its mainnet on Nov. 9, 2021. Dubbed a liquid…
” SPS discusses challenges of building GameFi amid crypto winter “ Amid a drastic decline in coin prices, shifting player behavior and hard-to-maintain tokenomics, it’s been a difficult year for many GameFi developers. While more established franchises, such as Axie Infinity, have held ground, other lesser-known projects, such as Elexir, have mostly pulled the plug,…
” New Hampshire could become an alternative for crypto firms moving to the Bahamas “ New Hampshire is on the verge of becoming a national leader in cryptocurrency if its legislature follows through on recommendations made by a commission appointed by Governor Chris Sununu. The recommendations would establish a legal framework for blockchain and crypto…
” LocalBitcoins closes down the P2P crypto exchange service “ Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years. LocalBitcoins officially announced termination of services on Feb. 9, citing tough market conditions of the ongoing cryptocurrency winter. “Regardless of our efforts to overcome challenges during…
” Crypto lender SALT makes comeback with $64.4 million funding “ The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears…
” As Bitcoin nears $25K, questions about rally’s sustainability remain “ It is no secret that the global economy has continued to weaken over the course of the past year. To this point, on Jan. 19, the United States government hit its “debt ceiling,” i.e. the total sum of money that the U.S. Treasury can…