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“# OpenSea acquires Dharma Labs and a new CTO ” OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders Nadav Hollander and Brendan Forster, will become OpenSea’s new Chief Technology Officer and…
“# Crypto.com pauses withdrawals due to ‘suspicious activity’ ” Major crypto wallet and platform Crypto.com has temporarily halted withdrawals after “a small number of users reporting suspicious activity on their accounts,” but all funds are reportedly safu at the moment. We have a small number of users reporting suspicious activity on their accounts. We will…
“# Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund ” The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May…
“# Estonia’s new AML laws set to clamp down on crypto industry ” Beginning in February, Estonia is set to introduce sweeping changes to its definition of Virtual Asset Service Providers, or VASPs, to include several cryptocurrency-related services — a move that could impact Bitcoin (BTC) ownership in the country — according to European compliance…
“# Coinone will stop withdrawals to unverified external wallets ” South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the…
“# Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17 ” Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022. In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for…
“# Bitcoin wallet addresses created in November inches toward a million ” Could retail investors be flocking back to Bitcoin (BTC)? In encouraging signs for a bullish 2022, Glassnode data reveals that 913,000 new BTC addresses were added from November to the start of December this year. In a boon for BTC, on-chain analyst On-Chain…
“# Some Salvadorans claim funds are missing from their Chivo wallets ” Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media. In a Dec. 16 Twitter thread started by user “the commissioner,” at least 50 people in the country have reported losses totaling…
“# Beware of sophisticated scams and rug pulls, as thugs target crypto users ” This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the…
“# Just 1.3 million Bitcoin left circulating on crypto exchanges ” In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency exchanges. The decreasing supply…