Celsius, the insolvent crypto lending firm, cautioned its depositors about potential phishing attempts after it was proven that one of the employees responsible for data administration and customer messaging had disclosed emails containing client information.
Author: joyabia
joyabia
Joy Abia contributed to Blockchain Journal during 2022, covering topics related to finance, digital assets, and the intersection between traditional financial systems and emerging fintech models. Her reporting focused on explaining financial concepts, market structures, and investment-related developments within the broader crypto and blockchain landscape.
The International Monetary Fund (IMF), a major lender, has instructed the Kenyan central bank that its proposed digital shilling must “cause no harm” to the current digital currency used in the private sector. The lender emphasized that the central bank’s digital currency (CBDC) proposal must “not stifle such welcome digitalization developments by taking away customers of banks and other digital finance providers.”
Independent body the Law Commission said on Thursday that Britain is developing a new category of private property law for digital assets like cryptocurrencies that are used to make payments or represent other assets.
The introduction of bipartisan legislation to create a stablecoin regulatory framework in the U.S. has been postponed until after the August recess.
Bitcoin fell to its lowest point in more than a week as a result of investor uncertainty in the wake of a potential Federal Reserve interest rate hike and increased regulatory scrutiny of the cryptocurrency industry.
Cathie Wood’s Ark Invest sold over 1.4 million shares of Coinbase Global (COIN) in three funds on Tuesday as the price fell to an all-time low of $52.93. The move comes amid Coinbase’s poor performance and the SEC’s investigation into listing unregistered securities. All three funds mostly purchased Shopify and Roku shares after selling COIN shares.
The Series A fundraising round increased the amount of funds raised by Aptos Labs in 2022 to $350 million. In an effort to realize Diem’s initial goals, former Meta employees have raised $150 million.
Boston Consulting Group (BCG) and Foresight Ventures have collaborated on research with Bitget, a leading global derivatives exchange. They released a report on the future of crypto exchanges.
In the first insider trading case involving cryptocurrencies, a former product manager at Coinbase Global and two other individuals have been charged with wire fraud, according to US authorities in Manhattan on Thursday.
The creator of the defunct cryptocurrency company My Big Coin was found guilty on Thursday of defrauding investors by marketing and selling a fictitious virtual currency that brought in $6 million.