Month: November 2022
SKYWARD Token Dumps 95% as Hackers Drain Protocol’s Treasury
The protocol developers asked users to withdraw their funds as they are fully locked out of the contract and cannot prevent any future losses.
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have […]
Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’
On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ […]Fidelity, ForUsAll Start Rolling Out Crypto for Retirement Plans
At present, blockchain industry companies are some of the most common users of crypto within their 401(k) plans.
3 Reasons Behind MATIC’s 17% Surge to 7-Week Highs
Over the last 24 hours, MATIC traded at nearly $1 for the first time in seven weeks. Here’s why.
Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App
Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum. Moneygram’s New Crypto Service Moneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday. The official Twitter account for Moneygram […]
Fed Chair Powell Says ‘Very Premature’ to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy
Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy, not bringing down inflation.” Fed Chair Powell Says ‘Very Premature’ to Talk […]MoneyGram to Enable US Customers to Trade and Store Bitcoin and Ether
MoneyGram users in the United States will now be able to trade and hold major crypto like Bitcoin, Ether, and Litecoin.
Bitcoin Miner Iris Energy On Verge of $103 Million Loan Default
Iris Energy follows Core Scientific and Argo Blockchain as the latest industry heavyweight that will likely fail to pay off its debt.
Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the […]
