US SEC Chairman Gary Gensler said that cryptocurrencies should be considered securities, but the agency is ready to share the “regulatory reins” of the industry with the CFTC. Gary Gensler spoke at the New York Summit hosted by the Legal Practice Institute. He once again urged cryptocurrency companies to register with the US Securities and […]
The organizer of the cryptocurrency pyramid EmpiresX pleaded guilty to fraud
Joshua David Nicholas, founder of the EmpiresX cryptocurrency platform that defrauded investors of about $100 million, has pleaded guilty to one of the charges. According to a statement on the US Department of Justice website, Florida resident Joshua David Nicholas referred to himself as the “chief trader” of the EmpiresX platform. His accomplices Emerson Pires […]
White House: Cryptocurrency mining in the US consumes 50 billion kWh per year
According to the White House Office of Science and Technology Policy (OSTP), electricity consumption by miners in the United States has reached a significant figure – 50 billion kWh per year. As part of a study on the impact of cryptocurrencies on the climate, OSTP analyzed the use of blockchain and digital currencies, as well […]
ENS and True Names lost control of the eth.link domain
Ethereum Name Service (ENS) and True Names have filed a lawsuit against registrars GoDaddy, Dynadot and Manifold Finance asking for the results of an auction for the sale of the .eth.link domain name to be cancelled. Reason for judicial trial was a series of events in which True Names and the Ethereum Domain Name Service […]
Users of the Coinberry exchange seized $2 million in BTC as a result of a software failure
Toronto-based cryptocurrency exchange Coinberry reported that a software glitch occurred on the site, which allowed 546 users to take possession of about 120 BTC worth more than $2 million. Coinberry said that users initiated electronic money transfers to replenish their exchange account through the Interac e-Transfer service. They then bought BTC from the exchange, transferred […]
Enclave Exchange Launches Trading Platform for Institutional Investors
Cryptocurrency exchange Enclave Markets from San Francisco announced the launch of a trading platform on which investors are promised complete privacy. The new Enclave Cross service will allow institutional investors to trade blocks of digital assets at a market price without information leakage, representatives of the exchange promise. The product is designed as an over-the-counter […]
Animoca Brands raises $110M to protect digital property rights
Crypto game developer Animoca Brands has raised $110 million in a new funding round. The largest investments during the round were made by such companies as GGV Capital, Temasek and Boyu Capital. Animoca Brands said the new fundraiser had little effect on its market valuation, but the company declined to say. In July, the company […]
75% of UK Asset Managers Plan to Increase Investment in Crypto Assets
A survey by independent investment company HANetf among asset managers in the UK showed that 75% of respondents plan to increase their participation in cryptocurrency projects during the year. Despite the fall in the value of most crypto assets, managers are ready to consider new options for investing in investment crypto products. They believe that […]
CoinGecko co-founder Bobby Ong: Ethereum fork wave on PoW awaits us
The head of cryptocurrency aggregator CoinGecko, referring to the history of Bitcoin forks, warned that the mining community is capable of creating a lot of “useless PoW ETH.” Bobby Ong stated that too many Ethereum miners are interested in creating a new proof-of-work (PoW) blockchain after the main altcoin’s transition to a proof-of-stake (PoS) consensus […]
Arthur Hayes: “If the merger is successful, the price of ether will rise to $3,000”
The former CEO of BitMEX suggested that this year, thanks to the upcoming transition of Ethereum to the Proof-of-Stake consensus algorithm, the ETH price will reach $3,000. Arthur Hayes stated that the reduction in the number of ethers after the successful transition to Ethereum 2.0 will be a powerful impetus for the growth of the […]