Russia plans to develop national cryptocurrency exchange
Russian legislators are drafting revisions to the “On Digital Financial Assets” law to establish the legal foundation for a national cryptocurrency exchange. The creation of a national cryptocurrency exchange is being worked on by Russian legislators. According to reports, the Ministry of Finance and the Central Bank of Russia, which have a long history of […]
Genesis hires restructuring consultant to help escape bankruptcy
Genesis Global Capital has reportedly hired a restructuring advisor to evaluate all possibilities, including bankruptcy. According to a Nov. 22 New York Times report, it is believed that the company has hired investment bank Moelis & Company to investigate options, though people familiar with the situation have emphasized that no financial decisions have been made […]
Governor of New York issues moratorium to stop crypto mining
The governor of New York, Kathy Hochul, has approved one of the country’s most stringent rules governing crypto mining. The bill imposes a two-year freeze on the issuance of new licenses to crypto mining businesses that rely on fossil fuels for power and validate transaction data using proof-of-work authentication techniques using millions of computers. As […]
Argentina fan token falls 31% after World Cup loss to Saudi Arabia
In keeping with the expectations of the country’s ardent soccer supporters, Argentina’s shocking 2-1 loss to Saudi Arabia in the FIFA World Cup opening match has caused the price of the Argentine Football Association Fan Token (ARG) to plunge. Data from Coingecko shows that the ARG token, which was priced at $7.21 at kickoff, fell […]
FTX hacker distributes over $200M in ETH among 12 wallets
The hacker who stole more than $447 million worth of cryptocurrency from FTX has once more been seen moving the stolen money. According to Etherscan data, on November 21 between 4:11 and 4:17 p.m. UTC, the attacker transferred 180,000 ETH across 12 freshly formed wallets, giving each one 15,000 ETH. At current pricing, the total […]