• New York has proposed a bill that would allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. • The bill, which has been referred to the…
Month: January 2023
Genesis Global Holdco LLC Files for Chapter 11 Bankruptcy Following SEC Lawsuit
• Genesis Global Holdco LLC, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. • The…
Genesis Filing for Bankruptcy After SEC Lawsuit, Claims Ample Liquidity
• Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court. • This filing follows a lawsuit brought by the U.S….
$157.21 Million Withdrawn After Bulgarian Authorities Raid Nexo
• On Jan. 12, 2023, Bulgarian authorities raided the offices of crypto lender Nexo and the company experienced a significant amount of withdrawals shortly after. • The company held 133,263 bitcoin on…
Litecoin Halving in 202 Days: Crypto Market Awaits Major Event
• In 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. • Litecoin will be the first major proof-of-work (PoW) blockchain to…
Avalanche and Polkadot Surge on US Inflation Report, But Will It Last?
• Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report. • Polkadot (DOT) was another big gainer in today’s session, with…
Crypto Lender Nexo Investigated for Money Laundering, Sanctions Violations
• Bulgarian law enforcement is investigating crypto lender Nexo for alleged money laundering and sanctions violations. • On Jan. 12, 2023, Bulgarian law enforcement raided Nexo’s offices. • Nexo denied any wrongdoing…
French NFT Creator Arrested for $2.9M Crypto Scam
• The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. • The defendant is a French national residing in the…
Bitcoin, Ethereum Consolidate as Traders Take Profits
Bulletpoints: 1. Bitcoin (BTC) and Ethereum (ETH) both experienced technical analysis and price consolidation during Tuesday’s trading session. 2. BTC/USD moved to a peak of $17,389.96 earlier in the day, while ETH/USD…
MEXC Global Leads Crypto Market in 2022 With Futures Business Growth of 1200%
Bullet Points: – In 2022, the cryptocurrency market experienced many black swan events. – MEXC Global launched many products such as the second-level K-line function, NFT Index, and upgraded the brand color…