Central Moscow-located Butyrka prison was being used as an illegal crypto mining centre. When mining equipment was identified inside the prison premises, an investigation was launched into the case. Over 8,400 kW of electricity is estimated to have been used between November 2021 and February this year, by people who were minting cryptocurrencies from inside…
Recently, Coinbase crypto exchange, said in an SEC filing that in the event of a company bankruptcy, people holding crypto assets on its platform could lose direct claims to their ownings. Here we explore the types of crypto wallets that are available as alternatives to storing your crypto assets with centralised exchanges.
The cryptocurrency market has yet to recover from recent losses. As May 2022 inches closer to its end, Bitcoin, Ether, Cardano, Solana, and Polkadot saw losses. Only some stablecoins, and surprisingly so, memecoin Shiba Inu managed to garner profits.
The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months.
French high end fashion brand Balenciaga has decided to make crypto payments live in its US-based flagship stores starting this June. The brand says it is unfazed by the market volatility that the crypto sector is often called out for. Balenciaga, on the other hand, is looking to expand its payment alternatives in order to…
GameStop’s self-custodial Ethereum wallet extension, which can be downloaded from the Chrome Web Store, will allow customers to store, send, receive, and use crypto and NFTs across decentralised apps without having to leave their web browsers.
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has asked crypto investors to not abandon virtual assets after Terra’s recent downfall. While calling out global lawmakers to regulate cryptocurrencies, she asked investors to fund stablecoins backed by reserve assets. Georgieva has also emphasised on imparting knowledge around cryp…
South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported. The development arrives after LFG faced questions over how it had spent its Bitcoin reserves amid Terra’s collapse.
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency Terra (LUNA) and stablecoin TerraUSD (UST).