CryptoX – Cryptocurrency Analysis and News Portal Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation. Original Source The post The Big Issues of Stablecoin Issuance appeared first on CryptoX. CryptoX Portal
Luna Squares LLC, a separate subsidiary, hosted about 10,000 machines for bankrupt crypto lender Celsius as of the end of December 2022, according to court filings. Celsius loaned $20 million to Mawson in February 2022 and the two firms discussed another $20 million loan the following June. Luna Squares didn’t plan to add more Celsius machines as specified in their contract until the loan went through, the filings said. Luna Squares holds $15.3 million in Celsius deposits, according to the bankruptcy filings. Source
Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat Takeaway.com is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook is interesting, especially since the figures are connected to a hopeful increase in numbers not yet achieved. In an official press release, Just Eat increased its Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) from €225 million to €275 million.…
From working on Saturday Night Live and The Tonight Show as an animator to now having more than 1,000 collectors of his NFTs, Bryan Brinkman is an example of how a digital artist can thrive in ways never before possible. Best described as a digital pop artist with an emphasis on animation, Brinkman’s fans include high-profile NFT collectors such as Pranksy, J1mmy.eth and WhaleShark. He has also been featured at Christie’s and had fractionalized art of his put up for auction at Sotheby’s. “Scroll’ by Bryan Brinkman. (SuperRare) “Prior to…
A court based in Hong Kong has acknowledged cryptocurrencies as property that can be held in trust in a ruling involving the defunct crypto exchange Gatecoin. In a report published by the law firm Hogan Lovells, Justice Linda Chan said that crypto has the attributes of a property. The court deemed that it was appropriate to follow reasoning applied by other jurisdictions that crypto was property and was able to form the subject matter of trust. Chan noted: “Like other common law jurisdictions, our definition of ‘property’ is an inclusive…
The former footballer pleaded guilty to bank and wire fraud charges over operating Crypto Capital Corp., the shadow bank that lost Bitfinex’s millions. Source
Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000. Bitcoin Bitcoin (BTC) moved lower on Wednesday, as markets began to consolidate following recent gains in price. Following a high of $30,470.30 on Tuesday, BTC/USD dropped to a bottom at the $29,102.17 mark earlier in the day. The low sent bitcoin to its lowest point since April 10, which…
Digital assets are typically restricted to their native blockchain networks, and existing methods of transferring tokens from one blockchain network to another are highly vulnerable to hacking or involve using a trusted third party. However, multichain tokens enable users to transfer their assets to another blockchain directly without giving up custody of their tokens. Experts in the blockchain space believe that cross-chain tokens can positively impact the industry by enabling greater user participation over multiple networks. Marius Ciortan, director of product engineering at Bitpanda and Pantos, a European crypto exchange,…
Cryptocurrency hardware wallet firm Trezor is expanding the privacy of Bitcoin (BTC) transactions through collaboration with the privacy-focused Wasabi Wallet. Trezor has rolled out the privacy-enabling CoinJoin feature on its hardware wallets, allowing users to enhance the privacy and security of Bitcoin transactions. In the announcement on April 19, Trezor noted that the new function is immediately live on the company’s Trezor Model T wallet. The company plans to enable the CoinJoin option for its first hardware wallet, the Model One, in the near future. CoinJoin is a process used…
The blockchain gaming market has grown rapidly. The Polaris Market Research Blockchain Gaming Report shows that the total transaction volume for blockchain games reached $5.41 billion in 2022 and is expected to grow at a CAGR of 68.9% during their forecast period. According to DappRadar x BGA Games Report 2022, Polygon’s emphasis on gaming and the metaverse led to a remarkable 338% UAW growth from the previous year, reaching an average of 97,384 daily UAWs. In 2022, Polygon’s popularity as a gaming chain soared, driven by successful game dApps like…