New York’s attorney general has sued Celsius Network founder Alex Mashinsky, claiming he defrauded investors out of billions of dollars in digital currency by concealing the failing health of his now-bankrupt cryptocurrency lending platform. Mashinsky persisted in promoting Celsius as a safe alternative to banks, paying interest as high as 17 percent on deposits, while … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Friday’s action in the crypto market was more of the same, as the majority of tokens continued to … Read more
Welcome to the crypto investor. last month, Do Kwonthe disgraced co-founder of Terraform Labs, resurfaced in the news with claims he was not a fugitive on the run. Without revealing his present location of him (which is of great interest to law enforcement authorities), the poster boy for the perils of algorithmic stablecoins took to … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The month of October is off to a positive start for the crypto market as Monday saw green … Read more
(Kitco News) Chinese crypto billionaire Jihan Wu is diversifying into physical assets, including precious metals, gems and fine art, with his recent purchase of what is dubbed Asia’s Fort Knox. Bitdeer Technologies Holding Co., which Wu leads, paid $28.4 million to purchase Le Freeport, which is a state-of-the-art maximum security vault … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The United States Department of the Treasury is preparing to call for public comments related to digital … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Mitigating risk with Ethereum, in general, is the main approach that Valkyrie Investments has taken in recent … Read more
This weekend, a province in Argentina announced that citizens could pay taxes and fees with cryptocurrencies. Learn how smart money is playing the crypto game. Subscribe to our premium newsletter – Crypto Investor. The tax administration in the province of Mendoza, the country’s fourth most-populous province, released a tutorial on how to pay provincial taxes … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The most recent Brand Intimacy Study conducted by MBLM had an interesting outcome in the realm of cryptocurrencies … Read more
The much-anticipated upgrade of Ethereum will create new participants called builders in the blockchain ecosystem, a move that risks altering the power structure of what is arguably the most commercially important cryptocurrency network. Under the current system, networks of computers known as miners pluck transactions out of a special data pool, … Read more