Category : EthereumWorldNews

EthereumWorldNews

KuCoin Will Launch a New Fund to Fight FUD, Says CEO

Summary: KuCoin CEO, Johnny Lyu, has announced that the exchange will launch an anti-FUD fund. The fund will focus on educating the global community on how to spot FUD. The focus will also be on motivating industry leaders and influencers to provi...

Bitcoin’s ‘Kimchi Premium’ Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances

Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Kor...

Total Stablecoin Supply Down By $35 Billion – Arcane Research

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Crypto Tax Exemption Proposed By U.S. Senators For Trades Under $50

Summary: A crypto tax bill was introduced in the U.S. Senate. The proposal is championed by lawmakers from both the Democratic and Republican parties. A de minimis exemption for crypto transactions under $50 forms the core of the bill, per reports...

Binance CEO Changpeng Zhao Accuses Bloomberg Businessweek Hong Kong For Being “Unprofessional.”

CZ has accused Modern Media, an independent licensee of Bloomberg Businessweek Hong Kong of being unprofessional Zhao has accused the organization of issuing defamatory statements against him and Binance. The CEO of the world’s largest cryptocur...

SEC Reportedly Investigating Coinbase Over Cryptocurrency Listings

Coinbase is facing an SEC investigation over its cryptocurrency listings, according to a Bloomberg report. The report claims that the SEC is investigating whether the exchange lets users trade assets that should have first been registered as secur...

Vitalik Buterin: Ethereum Classic Will Definitely Welcome PoW Fans, it is a Totally Fine Chain

Summary: Ethereum’s Vitalik Buterin has suggested that the Ethereum Classic community will definitely welcome proof-of-work fans after the Merge. He points out that Ethereum Classic is ‘totally fine chain.’ ETC’s price has benefited from the specu...

Bitcoin Falls Below $22,000 Ahead Of FOMC Meeting And Big Tech Earning Calls

Summary: Bitcoin slipped under $22,000 on Monday as the feds are scheduled to meet this week. A plethora of tokens slumped into red along with Bitcoin as the crypto market anticipates this week’s events. Analysts expect a 75 basis points hike at t...

Voyager Digital Lawyers: FTX 100% Early Liquidity Proposal Benefits Only FTX, Not Customers

Summary: Voyager Digital lawyers submitted a court filing in response to a proposal from FTX supposedly geared toward making customers whole. FTX offered early liquidity to Voyager customers as the crypto platform is faced with bankruptcy. CEO of...

New Class Action Lawsuit Filed Against Terra, Do Kwon, and Associated Entities

Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea...

Crypto Platform Zipmex Says Its Considering A Possible Offer With “Interested Parties.”

Singapore-based Zipmex is considering a possible buyout offer Zipmex had earlier halted its withdrawals citing extreme market conditions Singapore-based cryptocurrency exchange Zipmex has tweeted a new announcement stating that it’s currently in...

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Consensus: Invest, the world's first digital asset investor outlook event hosted by CoinDesk, brings institutio...

Sam Bankman-Fried’s FTX is Reportedly Negotiating to Buy S. Korea’s Bithumb

Summary: FTX is reportedly in talks to acquire the South-Korea based Bithumb crypto exchange. The Sam Bankman-Fried-led crypto exchange was reported to be raising funds earlier this week after carrying out a shopping and bailout spree in the last...

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the $44 billion acquisition d...

Crypto Exchange Zipmex Resumes Withdrawals On Trading Wallet, Full Operations Remain Halted

Summary: Trading on Zipmex partially resumed today, per an update from the crypto exchange. Maintenance on the platform’s “Trading wallet” concluded on Friday and users can now leverage the feature. The wallets allow customers to deposit fiat curr...

Three Arrows Capital Co-founders Su Zhu And Kyle Davies Head For Dubai Amid “Regrettable” 3AC Saga: Bloomberg

Summary: Three Arrows Capital bosses are on their way to Dubai as 3AC liquidation proceeds. Su Zhu told Bloomberg that he and Davies have received death threats and prefer to keep a low profile for now. The founder also tagged recent events surrou...

BlockFi Q2 Transparency Report Shows $1.8B in Outstanding Loans

BlockFi released its transparency report for Q2 2022. The platform had $1.8 billion in outstanding loans in Q2. The company is taking a number of measures to manage liquidity risks. BlockFi has released its transparency report for Q2 2022, and it...

Terra Co-Founder Daniel Shin’s Home Raided by South Korean Authorities

South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin. Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case. The Terraform Labs investigation is r...

LinkedIn Founder Explores Solana NFTs Created Via Dall-E AI Software

Linkedin Founder Reid Hoffman is all set to launch his NFT collection on Magic Eden The collection uses images generated by the OpenAl image generating platform Dall-E LinkedIn founder Reid Hoffman took to Twitter to share his NFT initiative, add...

Coinbase Petitions the US SEC to Begin Rulemaking on Digital Asset Securities

Summary: Coinbase has filed a petition requesting the Securities and Exchange Commission to start rulemaking on digital asset securities. Coinbase states that existing rules for traditional securities do not work for digital assets. The exchange r...

SEC Swoops in To Classify 9 Tokens as Securities in Complaint Against Former Coinbase Employee for Insider Trading

Summary: The SEC has gone after a former Coinbase employee accused of insider trading, filing a complaint against him, his brother, and his friend with the US District Court Western District of Washington, Seattle. The complaint describes digital...

Logium, The first DEX on Ethereum That Allows You To Bet On the Price Of Every Token On Uniswap

What is Logium? Logium aims to solve the problem of decentralized finance and open the free market of derivatives. It claims to be the first platform that allows users to go long or short on any token on Uniswap. With Logium, you can bet with other...

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