The failed platform believes its creditors should pay back the money they withdrew before it collapsed Bankrupt cryptocurrency lender Celsius declared that creditors who made large withdrawals of funds ahead of the company filing for bankruptcy may be required to return some of those funds or be subject to legal action. Celsius bankruptcy managers filed
A crypto wallet traveling to the moon won’t be able to reach its goal Bitcoin is on the way to the moon as a cryptocurrency wallet containing 1 BTC was put onboard with astronauts in the lunar rocket Vulcan Centaur. The spaceship was launched from Cape Canaveral Space Force Station and was set to reach
Legislation in the state would give protections to those who mine and trade cryptocurrency Nebraska State Senator Eliot Bostar introduced a bill in the legislature on January 5 to establish basic crypto benchmarks in the state. Bill 911 seeks to adopt the Blockchain Basics Act, which aims to specify regulations promoting safe and legal cryptocurrency
The two financial investment groups want to publicly trade the crypto funds While they wait for a decision from the US Securities and Exchange Commission (SEC), Grayscale Investments and VanEck asset managers have filed notifications with the regulator revealing they plan to register shares of a spot Bitcoin exchange-traded fund onto public stock exchanges. The
The company is ready to file charges against the thief for stealing over $9 million Decentralized exchange dYdX announced that it had discovered the identity of the hacker responsible for a v3 platform attack on November 17, 2023, resulting in $9 million being stolen from its insurance fund. As a result of the revelation, dYdX
Bitcoin’s birth is celebrated in October, but January marks its true introduction The original cryptocurrency has battled detractors, haters, and troublemakers since the first block of Bitcoin was mined fifteen years ago. It is now ranked as one of the top ten most valuable assets worldwide. Many celebrate the release of Bitcoin’s white paper on
Despite an increase in Bitcoin interest, there are now fewer ATMs than in January 2023 The number of established Bitcoin ATMs worldwide is approximately 11.1% fewer than at the beginning of 2023, reversing a 10-year trend in which the number increased at the onset of each year. Coin ATM Radar indicates there are 33,628 crypto
The company is no longer interested in a crypto lending revival Celsius Network was recently approved for a second exit path from bankruptcy. The cryptocurrency company has decided against a deal with the Fahrenheit consortium in exchange for becoming a Bitcoin mining company. Court documents from December 27 show that Judge Martin Glenn consented to
The exchange’s founders face charges of running an unlicensed money services company Only weeks after its co-founder arranged to disband the crypto exchange as part of his guilty plea in a Brooklyn court, Bitzlato announced it must “temporarily suspend” all Bitcoin withdrawals. In a December 27 post on its Telegram channel, the firm asserted this
The cryptocurrency ecosystem has shown progress in protecting itself from fraud and theft A shift in the online cryptocurrency trend of hacks and thefts was seen in 2023, with security firms tracking the incidents reporting a reduction in the total amount stolen as opposed to past years, but the threat remains substantial. Crypto hackers stole
Digital art continues to be profitable despite a dip in popularity Sotheby’s, one of the world’s largest art brokers and auction houses, had “close to $35 million” in digital art sales in 2023. The amount was disclosed by company vice president and head of digital art, Michael Bouhanna, who dubbed 2023 as “one of the
Scammers continue to find new ways to attack the cryptocurrency ecosystem A wallet-draining service called “MS Drainer” was recently used by scammers over the past nine months to steal about $59 million in crypto from victims, according to blockchain security firm Scam Sniffer in a December 21 report on X (formerly Twitter). The criminals used
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