Author Neal Stephenson said that many Web3 problems come from projects wanting to financialize everything very quickly. Bestselling author Neal Stephenson spoke with Cointelegraph at the Paris Blockchain Week 2023, discussing various topics, including problems within the current Web3 ecosystem…
Kategorie: Crypto Flash News
Mt. Gox creditor saga: What lessons has the Bitcoin community learned?
The downfall of Mt. Gox continues to highlight the importance of greater transparency and accountability within the cryptocurrency industry. In the early days of Bitcoin, Mt. Gox was by far the most prominent Bitcoin (BTC) exchange in the world. The…
Yellen defends government intervention to avoid another SVB
The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders. Nearly two weeks after the collapse of three United States banks – Silicon Valley Bank (SVB), Silvergate…
Best and worst countries for crypto taxes — plus crypto tax tips
So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth. Tax is a nightmare for compliance. And crypto taxes which include a variety of innovative mechanisms and products that…
MetaMask enables direct crypto purchases in Nigeria
Crypto investors in Nigeria no longer need to rely on centralized exchanges for buying cryptocurrencies like Bitcoin. Self-custody cryptocurrency purchases are becoming more accessible in Nigeria as major crypto wallet MetaMask expands direct on-ramps with local banks. On March 21,…
Arbitrum token finds its way to OTC market before the airdrop
Following the Arbitrum airdrop announcement, crypto users who have been eligible for the airdrop are already selling them in OTC markets. The Arbitrum community is speculating and selling off their unreleased ARB tokens in over-the-counter (OTC) markets following the Arbitrum…
SpankPay crypto payment service shutters, citing ‘hostile banking environment
SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results. Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre…
US exploring ways to guarantee the country’s 18T of bank deposits: Report
The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount. U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S.…
Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
Millions of dollars worth of electrical equipment will be transferred to the crypto miners’ exclusive energy negotiator to settle a payments dispute. A $20 million settlement between Bitcoin (BTC) miner Core Scientific and its energy negotiator Priority Power Management has…
Crypto.com customer accused of $7M spending spree granted bail
The judge said that imprisonment wasn’t necessary because Jatinder Singh couldn’t flee Australia without his Indian passport. The Crypto.com customer who was accidentally sent $6.95 million from the exchange in 2021 and then allegedly went on a spending spree has been granted…
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