South Korean Government Calls for Voluntary Regulations From Crypto Industry

Post Views: 214 The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Aiming to prevent the negative consequences of such crashes and better protect…

XOXO Is Flipping the Script and Announcing a Genesis Collection Auction

Post Views: 216 This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection…

Bank of America: 90% of US Adults Surveyed Plan to Buy Crypto in 6 Months

Post Views: 289 A new Bank of America survey shows that out of more than 1,000 U.S. adults, 90% plan to buy crypto in the next six months. Moreover, nearly 40% of respondents revealed that they use cryptocurrency as a means of payment. Bank of America (BOA) analyst Jason Kupferberg shared his crypto outlook…

Nearly 70,000 Issued Binance Refugee Crypto Card for Ukrainians

Post Views: 256 Thousands of Ukrainians have ordered a crypto card issued by the world’s leading digital asset exchange, Binance, for its users from the war-torn country. The card allows people displaced by the ongoing conflict with Russia to make payments and receive financial support. Binance also participates in efforts to support internally displaced persons…

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

Post Views: 213 Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting…

Hackers Are Cloning Web3 Wallets Like Metamask and Coinbase Wallet to Steal Crypto

Post Views: 219 Confiant, an advertising security agency, has found a cluster of malicious activity involving distributed wallet apps, allowing hackers to steal private seeds and acquire the funds of users via backdoored imposter wallets. The apps are distributed via cloning of legitimate sites, giving the appearance that the user is downloading an original app….

Bank of Canada’s Official: Crypto Needs Regulation Before It Becomes ‘a Lot Larger’

Post Views: 234 Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger” before it brings regulatory controls in place. “This is an area that is still small, but it’s growing really rapidly,” the official said. Bank of Canada Senior Deputy Governor Carolyn…

Binance Reveals Incident That Forced It to Freeze BTC Withdrawals

Post Views: 298 In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed the logic…

Coinbase Reduces the Size of the Firm’s Workforce by 18%

Post Views: 257 Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. On June 14, Coinbase published a blog post written by…

Biggest Movers: THETA, HNT Rise Over 20%, Despite Crypto Crash

Post Views: 238 THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today’s session. THETA was one of the most notable movers during today’s session, as prices gained by nearly 20% earlier in the day. Following…