News Articles for 2022-09-21

Aiden Pleterski, a 23-year-old self-proclaimed 'Crypto King,' is embroiled in a legal battle as 140 investors seek to recover $35 million in investments.

Affyn, a Singapore-based blockchain company, strengthens its leadership team with the appointment of Steve Taylor as Chief Product Officer. Taylor brings over two decades of experience in digital entertainment to drive Affyn’s product strategy, including the upcoming ALPHA game demo and NFT Land auction.

Arbitrum has rewarded a white hat hacker for identifying a critical vulnerability in its payment code, which could have cost the platform nearly $470 million. The hacker, known as Riptide, received 400 ETH for responsibly disclosing the issue.

Binance and FTX emerge as top bidders for Voyager Digital's assets in a high-stakes auction, offering around $50 million each, as the crypto lender navigates bankruptcy proceedings.

Binance CEO Changpeng Zhao praises MicroStrategy’s strategic purchase of additional Bitcoin, highlighting the company’s long-term commitment to cryptocurrency investment.

Binance has been granted a Minimal Viable Product (MVP) license by Dubai's Virtual Asset Regulatory Authority (VARA), enabling the crypto exchange to offer virtual asset services to qualified retail and institutional investors in the UAE.

Binance.US confirms support for the Cardano Vasil hard fork, with top exchanges like Kraken and Crypto.Com also preparing. Coinbase's stance remains uncertain as ADA's price shows volatility ahead of the upgrade.

Bitcoin's price holds steady near $19,000 with a 1.33% gain, while the US dollar surges to its highest level in 20 years amid anticipation of the Federal Open Market Committee's interest rate decision.

Discover how blockchain technology is transitioning from hype to practical applications across industries, as highlighted at the Blockchain Expo Europe 2022 in Amsterdam.

Coinbase CEO Brian Armstrong speaks out against crypto regulations, emphasizing national security risks and the need for regulatory clarity.

Exploring how the integration of commodities in fintech platforms is closing the gap between traditional finance and crypto.

Coinbase partners with Ethereum Name Service to offer users free, customizable usernames, enhancing the crypto transaction experience.

Colorado becomes the latest US state to allow tax payments in cryptocurrencies, offering a tech-forward solution for residents and businesses through PayPal.

John Deaton, a prominent crypto lawyer, has criticized the SEC for requesting additional time to respond to amici curiae briefs in the ongoing Ripple case, calling it a delay tactic.

The crypto market faces bearish sentiment as the US Federal Reserve prepares to announce another potential interest rate hike, impacting Bitcoin, Ethereum, and meme tokens.

The crypto market shows mixed trends as investors await the Fed's interest rate decision. XRP leads gains with a 10% rally, while Nasdaq launches a crypto custody service for institutions. Binance and FTX are top bidders for Voyager Digital's assets, and a U.S. bill proposes a ban on algorithmic stablecoins.

Bloomberg Intelligence's Crypto Market Analyst Jamie Coutts discusses the barriers preventing traditional portfolio managers from investing in cryptocurrency.

Decentraland invites creators to craft custom NFT Emotes, enhancing avatar interactions. Explore the features, recent events, and the significance of this move in the metaverse economy.

Explore how DecentWorld is revolutionizing the metaverse by creating a digital copy of the world, offering unique NFT opportunities for individuals and businesses.

The US Attorney has charged 47 defendants in a $250 million fraud scheme, one of the largest pandemic relief frauds involving federal child nutrition funds.

EFFORCE introduces its first batch of Energy Efficiency NFTs, enabling the crypto community to support sustainable energy projects through blockchain technology.

EOS suffered its largest one-day percentage loss since September 21, dropping 10.16% to $1.1927. The cryptocurrency's market cap fell to $1.2146B, while Bitcoin and Ethereum also saw significant declines.

Crypto analyst Rekt Capital shares insights on Ethereum's price movement and RSI trends, suggesting a possible relief rally if key support levels hold.

Explore the latest price trends and technical analysis of EthereumPoW (ETHW), including key support and resistance levels, RSI, and MACD indicators.

Explore the implications of Ethereum’s historic migration to proof-of-stake (PoS) and what leading Web3 CEOs think about its impact on crypto adoption and sustainability.

Discover how sharding is set to transform Ethereum's scalability, paving the way for a truly global network.

A former Credit Suisse executive forecasts the next crypto bull market will emerge from regulatory clarity in the U.S., expected in early 2023.

The Federal Reserve's recent 75 basis point rate hike and projections for further increases are reshaping financial markets, affecting Treasuries and cryptocurrencies.

The Federal Reserve has taken bold steps to tackle rising inflation, with Chair Jerome Powell signaling further rate hikes to cool the economy.

Discover how Ahmet Usta's fascination with technology led him to become a successful founder in blockchain gaming and NFTs.

Crypto exchanges FTX and Binance lead the bids for Voyager Digital’s assets in a recent auction, with Binance reportedly offering the highest bid of approximately $50 million.

FV Bank introduces a new feature allowing users to deposit USDC directly into their USD accounts, streamlining crypto and traditional finance integration.

The Hong Kong Monetary Authority (HKMA) has published a new paper detailing its progress on the proposed retail central bank digital currency (rCBDC), known as the e-HKD, and its plans for further development.

I-Remit, a leading non-bank remittance provider in the Philippines, is scaling its use of Ripple's On-Demand Liquidity (ODL) to streamline cross-border treasury flows and improve liquidity access.

Totality Corp CEO Anshul Rustaggi explains why India lags in NFT adoption despite high crypto interest, citing strict regulations and cultural barriers.

Indonesia's Deputy Minister of Trade proposes stricter rules for crypto exchanges, requiring majority Indonesian leadership.

Indonesia’s Ministry of Trade is introducing new rules for crypto asset exchanges, requiring two-thirds of board members to be Indonesian citizens and residents.

Discover the details of Iran's upcoming pilot launch of its central bank digital currency (CBDC), set to begin on September 22.

Discover how Kleks Academy is revolutionizing the film and NFT space with its unique multi-D NFTs, offering exclusive access to a new cinematic universe, metaverse, and more.

Jesse Powell, co-founder and CEO of Kraken, is stepping down after leading the cryptocurrency exchange for over a decade. He will be succeeded by COO Dave Ripley.

Mattereum is organizing an event on Sept. 21 to discuss the integration of physical assets with NFTs. Industry experts will explore how blockchain technology is transforming ownership and transfer of real-world assets.

The latest draft of the Markets in Crypto-Assets (MiCA) bill has lifted previous restrictions on non-EUR stablecoins, introducing robust regulatory measures for crypto businesses and stablecoin issuers.

Nasdaq is seeking regulatory approval to offer institutional crypto custody services, marking its entry into a competitive market dominated by Coinbase, BitGo, and Gemini.

A U.S. District Court Judge has ordered Tether to submit financial documents to prove the backing of its stablecoin USDT, following a lawsuit alleging market manipulation.

Explore the factors hindering the mass adoption of nonfungible tokens (NFTs) in India despite its strong cryptocurrency adoption.

Explore how NFTs are transforming the entertainment industry, from interactive comic books to Web3 music and blockchain gaming.

Nomura, a leading Japanese investment bank, has established a new venture capital division dedicated to investing in crypto and blockchain-based companies. The initiative, named Laser Digital, aims to provide innovative solutions in the digital asset space under the Switzerland-based Laser Digital Holdings AG.

Renowned NFT artist omgkirby collaborates with rapper Channel Tres to release a groundbreaking music NFT collection, featuring 5,550 tracks with commercial use rights.

Discover how OpenSea's support for Arbitrum enhances the NFT marketplace, offering new opportunities for creators and investors.

Ripple's XRP token has seen a significant price increase, driven by hopes of a favorable outcome in its legal battle with the SEC. Here's what's behind the rally and what it could mean for the crypto market.

Russian state departments are advancing plans to legalize Bitcoin mining in areas with surplus electricity, while experts develop efficiency standards and draft regulations for crypto payments.

Discover Satoshi’s Place, a Bitcoin hub in Greater Manchester offering workshops, coworking spaces, and Bitcoin-inspired cocktails, dedicated to educating and onboarding people into the world of cryptocurrency.

Seed Group and CoinCorner announce a strategic partnership to promote Bitcoin transactions in the UAE, leveraging Seed Group's regional expertise to enhance market penetration and user-friendly platforms for digital currency adoption.

Snoop Dogg and his son Champ Medici collaborate with ClayMates NFT to release three exclusive tracks, empowering holders with commercial rights and fostering Web 3.0 adoption.

Société Générale is broadening its cryptocurrency offerings through its Security Services subsidiary, targeting institutional investors and digital asset fund managers.

South Korea's government partners with Meta to enhance user safety in the Metaverse, addressing concerns over harassment and assault in virtual spaces.

Discover how the Sweat Economy's new cryptocurrency, SWEAT, is revolutionizing the 'walk-to-earn' space with rapid adoption, staking growth, and exchange listings.

Tether clarifies court order on providing evidence of USDT backing, denying claims in ongoing market manipulation lawsuit.

A U.S. District Court judge has ordered Tether to provide financial documents to prove the 1-to-1 backing of its USDT stablecoin, amid allegations of market manipulation.

Discover how crypto wallets provide a secure solution for storing, sending, and receiving cryptocurrency, emphasizing the role of private keys and offline storage.

The cryptocurrency market has expanded exponentially, raising questions about the necessity of nearly 21,000 different coins. Explore the implications of this rapid growth and the concerns surrounding the proliferation of altcoins and memecoins.

Explore the challenges and trends in unsecured crypto lending, including its impact on major players and the potential for future growth.

Discover how metadata enhances the functionality and value of nonfungible tokens (NFTs) in the digital asset space.

Twitch has announced a ban on controversial crypto gambling livestreams following significant backlash from the community and prominent streamers.

Discover why Uniglo (GLO) is gaining momentum as a top crypto presale opportunity, offering deflationary features and strong growth potential.

A new bill set to be discussed in the U.S. House of Representatives aims to regulate the issuance of stablecoins, potentially banning algorithmic versions like TerraUSD for two years.

A proposed bill in the U.S. House of Representatives aims to impose a two-year ban on new algorithmic stablecoins, targeting assets like TerraClassicUSD (USTC), following their collapse earlier this year.

A drafted US bill aims to impose a two-year ban on algorithmic stablecoins like TerraUSD, while regulating the issuance of traditional stablecoins and studying the potential impact of a US digital dollar.

Explore how US sanctions on Tornado Cash have sparked a renewed discussion on privacy in the crypto industry, drawing parallels to historical encryption debates.

Elizabeth Rosenberg proposes targeting crypto mixers to strengthen sanctions enforcement and prevent foreign entities from evading restrictions.

Ethereum co-founder Vitalik Buterin highlights the importance of decentralized autonomous organizations (DAOs) in achieving efficiency and stability in blockchain ecosystems.

Ethereum co-founder Vitalik Buterin highlights the potential of Decentralized Autonomous Organizations (DAOs) to outperform traditional corporate structures in efficiency and fairness.

A self-described white hat hacker uncovered a critical vulnerability in the bridge connecting Ethereum and Arbitrum Nitro, earning a 400 ETH bounty for their discovery.

Discover the significance of Wintermute Trading, a leading algorithmic trading and crypto lending firm, and its role in the cryptocurrency market.

XRP's recent 5% price increase has drawn attention, with whale activity and improved network metrics suggesting strong momentum for the cryptocurrency.