OPNX Exchange has emerged as a potential savior for struggling crypto lender Hodlnaut, as it charts its way through complex bankruptcy proceedings. Recent reports from Bloomberg unveil a proposition that could rejuvenate Hodlnaut’s fortunes, with OPNX Exchange offering to acquire … Continue reading OPNX Exchange Extends Lifeline to Hodlnaut, Proposing a New Chapter in Crypto Lending

In its recent “Financial Stability Report” for 2023, Latvijas Banka has shed light on the declining interest and use of cryptocurrencies among Latvians. The study reveals that only 4% of the population purchased crypto assets, marking a significant drop from … Continue reading Decline in Cryptocurrency Interest and Adoption in Latvia, According to Latvijas Banka Report

The Central Bank of Honduras (BCH) is making headway in its efforts to modernize the country’s financial system and tackle existing challenges in payment methods. With the aim of potentially launching its own central bank digital currency (CBDC), BCH has … Continue reading Honduras Central Bank Advances Towards Central Bank Digital Currency

President Putin’s endorsement of the digital ruble bill on July 24 has paved the way for the Bank of Russia (BoR) to accelerate its plans for the Central Bank Digital Currency (CBDC) launch. With the recent unveiling of the digital … Continue reading Russia Launches Digital Ruble: A New Era in National Currency

Blockchain security company CertiK shed light on a serious flaw within the Worldcoin system, raising concerns about its security and integrity. The vulnerability had the potential to compromise the system’s operations by granting Orb operators unrestricted access, thereby exposing collected … Continue reading Worldcoin Addresses Critical Vulnerability: Ensuring Security and Integrity

The United States Securities and Exchange Commission (SEC) reached a settlement with crypto firm Quantstamp following charges of securities law violations. Quantstamp agreed to settle with the SEC without admitting or denying the charges. Back in October-November 2017, Quantstamp conducted … Continue reading Quantstamp Settles with SEC Over Violation of Securities Laws

In a resolute statement, Brian Armstrong, the CEO of Coinbase, has reaffirmed the exchange’s unwavering commitment to the United States market. Contrary to recent rumors, Armstrong made it clear that Coinbase will not be relocating to a more crypto-friendly country … Continue reading Coinbase CEO Addresses Rumors of Exiting US Market in Definitive Statement

Block Inc, the payments startup led by Twitter founder Jack Dorsey, has enjoyed remarkable success in the second quarter of 2023. With exceptional earnings of $5.5 billion in revenue, Block Inc has demonstrated its resilience and adaptability in the ever-evolving … Continue reading Block Inc’s Stellar Performance Driven by Bitcoin Revenue and Cash App Growth

Genesis Global Holdco LLC’s ongoing bankruptcy mediation has become a subject of interest. With the latest development revealing an impending end to the mediation process, the fate of this bankrupt crypto lender hangs in the balance. After months of extensive … Continue reading Genesis Global’s Mediation Journey Nears Its Climax: A Race Against Time

BlockFi, a renowned cryptocurrency lender, has recently announced that its bankruptcy plan has received conditional approval from a US court. This milestone paves the way for the implementation of the plan, which aims to retrieve funds from defunct companies such … Continue reading BlockFi Receives Conditional Approval for Bankruptcy Plan, Offering Relief to Creditors