Blockchain projects continue to experience failure rates in excess of 90%, and it seems that with every passing moment, more and more “successful” companies add their underperforming blockchain project to the graveyard. One of the most recent blockchain failure victims ...
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Sam Bankman-Fried’s holding company files for bankruptcy
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Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection. According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 ...
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance – Regulation Bitcoin News
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Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will ...
Overstock-funded tZERO Crypto exchange will shut down March 6
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The tZERO Crypto exchange, whose majority owner is Overstock, will shut down on March 6, the company announced via Twitter on Feb. 3. The company says that it will continue to focus on its regulated securities products after the shutdown, ...
Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum – Defi Bitcoin News
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A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi Platform to ...
CFTC head looks to new Congress for action on crypto regulation
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Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, has said he will be continuing efforts for the agency to regulate non-security tokens. In remarks released for a Feb. 3 American Bar Association event, Behnam pointed ...
Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report
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The National Bank of Kazakhstan (NBK) has launched a digital tenge pilot project, according to a report published jointly by the bank and Binance on Feb. 3. The report looked at global approaches to digital asset regulation, the digital asset ...
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case – Bitcoin News
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Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the ...
BTC price surge increases miner profitability, indicating market bottom
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Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoSlate looked into the Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison ...
SupportPay Responds to Divorce Quarter With Complimentary Employee Benefits Solution
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SupportPay introduces a complimentary employee benefit for working parents facing challenges in post-divorce life, following January’s alarming ‘divorce quarter’. The US-based co-parenting fintech solution SupportPay is responding to an increase in divorce filings by offering its employee benefits programme to ...