KuCoin Restarts Terra Classic (LUNC) Staking.
KuCoin has rejoined the LUNC chain as a validator, giving it a voting power of 5.09%. The exchange allocated 47.9 billion $LUNC.Initiating staking for LUNC was a long overdue move,…
Dubai ban Operations With Monero, Zcash, and Other Privacy Coins
The new regulations imposed by Dubai’s VARA disallowed the employment of privacy coins, such as XMR and ZEC.Dubai’s Virtual Assets Regulatory Authority (VARA) prohibited all activities involving privacy coins such…
Bank of England Releases Paper on Digital Pound CBDC
The central bank of Britain is pushing forward with its CBDC (central bank digital currency) plans with the release of a new consultation paper on the digital pound.On Feb. 7,…
$4 Million Crypto Scam in a Hotel Lobby exposed
Months later
Webaverse, a metaverse project, went through this scam in late November 2022. Technical investigation of how $4M USDC was swept is not concluded yet.Crypto hacks and scams of recent times…
Binance Reports Temporary Suspension of USD Bank Transfers.
The suspension is expected to affect only a tiny fraction of Binance’s user base. Binance – the world’s largest crypto exchange – announced on Monday that it will pause all…
Binance Introduced New Crypto Tax Reporting Tool for Some Users
The new tool aims to help users understand their crypto tax liabilities on their profits and losses on Binance.The world’s largest cryptocurrency exchange has launched a new tool dubbed Binance…
Sri Lanka refuse Billionaire Tim Draper’s Proposal of Bitcoin Adoption
Tim Draper sought to persuade the government and central bank to accept bitcoin.Sri Lanka’s GDP shrank by 8% in 2022 and its benchmark inflation rate was 54.2% in Jan.While in…
Gate.io Experienced its Second Largest Bitcoin Withdrawal
Bitcoin worth $120,000,000 has been withdrawn from Gate.ioCrypto exchange Gate.ion recorded the second-largest withdrawal in history.While the cryptocurrency community attempts many ways to recover the market, a single entity withdrew…
FTX Seek Return of Political Beneficiaries Donations made by SBF.
Politicians who once benefitted from FTX’s hefty donations are being hard-pressed to return the money.After Sam Bankman-Fried donated tens of millions of dollars to politicians throughout the 2022 midterm election…
Russian Bank Developing Ethereum-based DeFi Platform.
The platform is now under closed beta testing as per Konstantin Klimenko.Sberbank stated in September that its platform will support the minting of NFTs.Interfax reported that Moscow-based state-owned financial services…