Celsius transfers WBTC worth $529M to FTX exchange
The cryptocurrency industry is worried that the transfer of the wBTC might result in the dump of more than $500 million worth of Bitcoin. Concerns have been raised by some in the community regarding the possibility of a dump when troubled loan provider Celsius transferred nearly 25,000 Wrapped Bitcoin (wBTC) valued at $528.9 million to […]
Shocking fraud claims as KeyFi sues Celsius in court
In the complaint filed by KeyFi Inc., Celsius is accused of breaching a multi-million dollar profit-sharing agreement after successfully implementing multiple staking and DeFi tactics for the company. KeyFi Inc., a staking software and investment company has filed a complaint against struggling cryptocurrency lender Celsius, alleging that the business has been conducting business in a […]
Russian lawmaker: MOEX excellent starting point for crypto trading
Due to its complete compliance with Bank of Russia regulations, MOEX is likely to succeed in establishing a cryptocurrency trading branch, the official claimed. Anatoly Aksakov, head of the Russian Banking Association and a member of the State Duma’s financial committee, believes that The Moscow Exchange (MOEX) is the ideal candidate to house a regulated […]
Cryptocurrency mixer Tornado Cash open-sources UI code
The user interface (UI) code for cryptocurrency mixer Tornado Cash has been entirely open-sourced, according to its inventors, fulfilling their promise of total decentralization and transparency. The protocol’s unknown developers announced Thursday’s full open-sourcing of the Tornado Cash Classic UI in a Medium blog post. Despite the protocol’s user interface being decentralized since 2020, anyone […]
Cumberland expects more liquidation before crypto market recovers
Cumberland contends that additional poorly managed assets must be sold off before a fundamental market turn can be observed. The industry-wide trend of centralized digital asset organizations disintegrating amid a worsening liquidity problem was discussed by cryptocurrency trading firm Cumberland. It implies that whether the distressed assets might be shifted from bankrupt enterprises to solvent […]