The crypto ecosystem was quick to presume that Robinhood’s social accounts, which have 1.6 million followers across Instagram, Twitter and Facebook, had been hacked, and that the launch of the RBH token on the Binance Smart Chain was a fraudulent crypto project. Source
Gabriel Makhlouf, the governor of the Central Bank of Ireland, reportedly supports legislation that would ban advertising crypto projects to young people. According to a Jan. 25 report from Bloomberg, Makhlouf said before the Committee on Finance, Public Expenditure and Reform, that there was an “uncomfortable” level of crypto advertisements targeting young adults. The central bank governor reportedly referred to many cryptocurrencies as “unbacked” assets and suggested lawmakers “find a way” of banning related ads. Makhlouf cited the implementation of the European Union’s Markets in Crypto Assets, or MiCA, framework…
Gabriel Makhlouf, the governor of the Central Bank of Ireland, reportedly supports legislation which would ban advertising crypto projects to young people. According to a Jan. 25 report from Bloomberg, Makhlouf said before the Committee on Finance, Public Expenditure and Reform, and Taoiseach there was an “uncomfortable” level of crypto advertisements targeting young adults. The central bank governor reportedly referred to many cryptocurrencies as “unbacked” assets and suggested lawmakers “find a way” of banning related ads. Makhlouf cited the implementation of the European Union’s Markets in Crypto Assets, or MiCA,…
The value of its digital assets at the end of the quarter was $184 million, down from $218 million at the end of the third quarter due to impairment charges from a decline in bitcoin’s price. At the end of the third quarter, the price of bitcoin was slightly under $20,000, while at the end of the fourth quarter it was around $16,500. Source
A group calling itself “Victims of Ankr Exploit” have claimed that its members lost over 13,000 BNB liquid staking coins (over $4 million worth at the time of writing) as a result of the Dec. 2 Ankr exploit, but have not been adequately reimbursed by the Ankr company. According to a Jan. 19 statement from the group received by Cointelegraph, affected members alleged that they have only received half of the amount they lost. The group has called on Binance’s Chanpeng Zhao (also known as “CZ”) to put pressure on…
Kang and two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly traded Bithumb affiliates, Inbiogen and Bucket Studio – were charged by the Seoul Southern District Prosecutor’s Office with embezzlement, breach of trust and fraudulent illegal transactions, according to local reports. Source
The construction-centric capital has been gunning to attract more crypto companies as it contends with a housing market slowdown that has hindered its famed real estate industry. Over the summer the emirate unveiled a metaverse initiative that aims to bring more than 1,000 blockchain and metaverse companies to the city and 40,000 virtual jobs by 2030. Source
After Porsche said Tuesday it would shrink its mint below its intended 7500 tokens, the floor price is soaring on the secondary market. Source
The digital assets industry has a significant responsibility to right the ship following FTX’s collapse, but Washington, D.C., has a responsibility as well. For digital asset innovation to benefit the economy and regular Americans, it must be taken off the table in the partisan food fight. Those on the right who see cryptocurrency as a means to starve the government beast and those on the left eager to smear genuine financial innovation as a mere Ponzi scheme have forestalled desperately needed bipartisan compromise. Digital assets aren’t going away. They can’t…
Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector. Amid the recent layoffs, London-based cryptocurrency exchange Luno announced on Jan. 25 a reduction of 35% in its workforce, letting go of nearly 330 professionals as a result of turbulence in the tech and crypto industries, which affected the firm’s overall growth and revenue numbers. Luno was part of DCG’s portfolio, alongside HQ Digital, an…