News Articles for 2022-09-27

South Korean authorities issue arrest warrant for Terra founder Do Kwon, prompting the transfer of 3310 BTC from LFG's Binance wallet to KuCoin and OKX.

Acala Network, a DeFi platform on Polkadot, has resumed operations following a stablecoin misconfiguration that caused a significant minting error. Learn more about the incident and recovery process.

Asper Creek Digital Corp (ACDC), a solar-powered bitcoin miner, has raised $8 million in Series A funding to support its second Texas mining facility. The round was led by Galaxy Digital and Polychain Capital.

Explore how Americans view their financial aspirations in cryptocurrency trading, from billionaire ambitions to more achievable millionaire goals.

Axelar and Mysten Labs announce a strategic collaboration to enable seamless cross-chain communication for developers, advancing the vision of a 'super DApp' ecosystem.

Binance has introduced significant changes to the Terra Classic burning mechanism, impacting LUNC and USTC deposits, withdrawals, and trading fees. Learn how these updates affect your transactions and investments.

Explore how social media influenced Binance's decision to implement a burn mechanism for LUNC, highlighting the power of community engagement in cryptocurrency decisions.

Bitcoin mining revenue has plummeted from $62 million to $17.2 million daily, driven by falling BTC prices, rising difficulty, and soaring energy costs. Miners are struggling to maintain profitability as margins compress and operational challenges mount.

Bitcoin miners face significant challenges as global mining revenue plummets 72% amid a crypto winter and rising energy costs, with margins compressed by falling bitcoin prices and increased mining difficulty.

New data reveals a significant shift in Bitcoin mining's energy sources, with nuclear energy and natural gas emerging as the fastest-growing contributors to the electricity mix.

Bitcoin's price struggles to maintain $20,000, while its mining hash rate reaches an all-time high, signaling increased competition among miners.

Bitcoin and Ethereum prices rose significantly in Asian trade, with Bitcoin breaking above $20,000 and Ethereum reaching a one-week high. The broader market saw the dollar ease after hitting fresh heights.

Bitcoin experienced significant volatility on September 27, pushing past the $20,000 mark with a 7% gain. This move highlights the cryptocurrency's continued unpredictability and potential for rapid price swings.

Discover how Bitcoin's oldest dormant coins are reentering circulation as BTC hits two-year lows, impacting market dynamics and investor strategies.

Bitcoin's recent price rally above $20,000 has reignited discussions about whether the crypto market leader has hit its bottom. Traders are looking to the S&P 500 for clues, given the historical correlation between BTC and the stock market index.

Despite efforts to adopt sustainable energy, Bitcoin's progress remains slow, with fossil fuels still dominating its energy mix.

Discover how blockchain technology can revolutionize public finance management by improving transparency and preventing fraud.

Explore the discussion on The Market Report about the British pound's historic low and its potential effects on the cryptocurrency market.

The California Department of Financial Protection & Innovation has issued a desist and refrain order against crypto lending platform Nexo, alleging its interest-bearing crypto accounts are unregistered securities.

Cardano highlights its ability to process 1.2 million transactions with zero network bandwidth, sparking discussions on efficiency and community dynamics.

Alex Mashinsky, CEO of Celsius Network, has resigned as the crypto lender faces significant challenges in the ongoing crypto winter.

Chainlink's price has surged over 7.22% after breaking above the $8.0 resistance level, signaling a bullish trend. Technical indicators suggest continued upward momentum.

Cosmos introduces a revamped whitepaper outlining significant upgrades to its Cosmos Hub, focusing on interoperability, security, and changes to the ATOM token.

Terraform Labs co-founder Do Kwon addresses allegations of evading regulators following an Interpol red notice, claiming he is not hiding and his name is not on the Interpol wanted list.

The European Central Bank evaluates the digital euro for interbank transactions, collaborating with companies to prototype user interfaces.

A lawsuit has been filed by eight US states against Nexo, alleging the crypto-lending platform offered unregistered securities through its interest-bearing accounts without proper disclosures.

The Ethereum Merge has been completed successfully, but its impact on cryptocurrency taxes remains unclear. Investors and tax professionals must navigate IRS rules and potential implications.

The Ethereum Merge has introduced staking opportunities, but UK tax guidelines are causing confusion among investors, potentially leading to administrative challenges.

ETHW has shown resilience with a significant price rebound despite a smart contract hack on its ETHPoW blockchain, reaching $10.30 on September 27.

Brett Harrison, President of FTX US, announces his transition into an advisory role, focusing on advancing global crypto markets and removing technological barriers.

FTX US secures the winning bid for Voyager Digital's assets, valued at approximately $1.4 billion, marking a significant move in the crypto market.

Galaxy Digital collaborates with Chainlink to provide crypto pricing data, empowering developers to build advanced decentralized applications.

Explore why GameFi is poised for significant growth in Asia, according to Animoca Brands' Yat Siu, highlighting cultural and technological factors driving adoption.

French Central Bank Governor Francois Villeroy de Galhau highlights the risks of delayed crypto regulations and calls for coordinated global standards to prevent arbitrage and protect consumers.

Hi and Mastercard have announced a collaboration to offer NFT-avatar customizable debit cards, enabling users to spend crypto and fiat while earning rewards.

Japan is introducing stricter crypto regulations to prevent money laundering, expanding travel rules to include cryptocurrency transactions and stablecoins.

Japan is set to introduce new rules on cryptocurrency transactions to align with global anti-money laundering standards.

Discover how Kusama and Polkadot are outperforming Cardano in development activity, and how this impacts their recent price movements.

Explore how Mark Zuckerberg's 2022 was marked by significant financial losses and criticism over the Metaverse, despite his optimistic outlook.

Mastercard introduces customizable NFT debit cards, enabling cardholders to personalize their cards with verifiable NFT ownership.

Explore how market uncertainty and the predictive insights of Michael J. Burry highlight the potential of cryptocurrency as a strategic investment option.

MKR's recent price surge, breaking above key EMAs, and its strengthening position in the crypto market.

MPCH Labs, a leading developer of multi-party computation (MPC) solutions, has raised $40 million in a Series A funding round to support the launch of its Fraction digital asset platform.

Digital asset lending platform Nexo has purchased a stake in Hulett Bancorp, a holding company that owns a federally chartered bank, enhancing its ability to serve retail and institutional clients.

Qualcomm and Telefonica collaborate to leverage Extended Reality (XR) and the Metaverse, combining Snapdragon Spaces with advanced network infrastructure.

The FCA has authorized Revolut to offer crypto products and services in the UK, following compliance with anti-money laundering regulations.

Robinhood introduces its new Web3 wallet, enabling users to trade and swap cryptocurrencies with zero network fees on the Polygon blockchain.

Russia is advancing its central bank digital currency (CBDC) with plans to use the digital rouble for international trade settlements, starting with China by next year.

SHIB's recent price surge, technical breakout, and increased interest from Ethereum whales signal potential bullish momentum for the memecoin.

South Korean authorities have asked major crypto exchanges OKX and KuCoin to freeze 3,313 Bitcoin tied to Do Kwon, the fugitive co-founder of Terraform Labs.

Space and Time, a cutting-edge data platform, has successfully raised $20 million in a strategic funding round led by prominent investors including Microsoft's M12, Avalanche, and Polygon.

Explore the potential for real-world assets to be tokenized as NFTs, revolutionizing how we store and trade value on blockchain networks.

Argentinian UFC fighter Guido Cannetti becomes the first martial arts athlete in Argentina to be paid entirely in stablecoins, addressing the country's inflation challenges.

Upbit, a leading South Korean crypto exchange, plans to create a Virtual Asset Monitoring Center using over $4.5 million in fees from Luna Classic transactions. The initiative aims to protect investors and address the fallout from the LUNA collapse.

Representative Josh Gottheimer emphasizes the need for legislative clarity in crypto regulation to retain businesses in the U.S., highlighting key bills and potential paths forward.

Vietnam ranks first in Chainalysis' Global Crypto Adoption Index for the second year, highlighting its strong adoption of cryptocurrencies.

Voyager has chosen FTX.US as the best bid for its assets, with a $1.422 billion offer. The deal awaits bankruptcy court approval.

Walmart has launched two new immersive experiences, Walmart Land and Walmart’s Universe of Play, on the Roblox metaverse platform, offering virtual shopping, games, and interactive events.

Walmart expands into the Metaverse with immersive experiences on Roblox, offering interactive features and engaging activities for users.

A recent report by crypto analyst James Edwards suggests that the $160 million Wintermute hack may have been an inside job, raising questions about internal security and accountability.

A $160 million hack on Wintermute has sparked crypto conspiracy theories, with allegations suggesting the breach may have been an inside job.

Explore the latest XRP price predictions for 2022, 2023, 2024, 2025, and beyond. Discover the potential for XRP to hit $3 and its current market status.