Celsius Network: The Bankruptcy Saga Continues
In June of 2022, Celsius, a once prominent crypto lender headquartered in New Jersey, suspended customer withdrawals. A month later, in July, they filed for bankruptcy. During this time, Celsius stated that they had over 1.7 million registered users and 300,000
Bankruptcy Court Allows Celsius Investors To File Proof of Claims
2022 has been an extremely hard year for cryptocurrencies and if the last several months are any indicator, lots of projects and exchanges will not survive the current crypto winter. One of the most promising and most lucrative projects to fall
Switzerland To Freeze Russian Owned Crypto
The crypto sector has been under intense pressure following the sanctions that have been imposed on Russia. The pressure has built up from regulatory bodies being concerned that sanctioned individuals will turn towards cryptocurrency assets to protect their wealth. Switzerland is
LocalBitcoins Waives Fees For Ukraine Users
LocalBitcoins, one of the largest peer-to-peer Bitcoin marketplaces globally, is removing fees for Ukrainian users. Ukrainian users on the exchange based in Ukraine or other countries will no longer have to pay fees to complete transactions. The Chief Marketing Officer at LocalBitcoins,
Bank of Russia Registers Country’s First Digital Asset Manager
Russia is one of the largest crypto economies globally. The country’s crypto regulatory framework has been in the “gray zone” for a long time, but a shift is now happening. The Bank of Russia has registered the first digital asset management company,
Tonga Creates Bitcoin Wallet For Relief Donations
Bitcoin donations have become popular globally, and despite the current sluggish performance of cryptocurrency prices, Bitcoin holders are stepping in to help with the relief efforts in the Kingdom of Tonga. The Kingdom of Tonga was hit by a major volcanic
Mozilla Pauses Crypto Donations Amidst Backlash
The Mozilla Foundation, the body behind the Firefox browser, has retracted its decision to accept crypto donations. However, this decision has not been received well by players in the cryptocurrency market. Dogecoin’s co-founder, who goes by the name Shibetoshi Nakamoto on
Turkish Lira Plunges as Crypto Trading Volume Peaks
Crypto activity in Turkey is currently at a peak because of the events surrounding the value of the Turkish Lira. Currently, crypto trading volumes in Turkey have surpassed one million daily. This comes as the Lira takes yet another plunge. The slump
Bank of Russia Blocks Mutual Funds From Offering Crypto Exposure
The Bank of Russia has remained skeptical about cryptocurrencies. The institution has now issued a statement regarding the investment opportunities available for mutual funds. According to Russia’s Central Bank, mutual funds have been banned from investing in digital assets such as
Bank of England Says Bitcoin Too Volatile To Be Legal Tender
The use of Bitcoin is constantly evolving. Bitcoin is no longer just a speculative asset, it has seen adoption not only a reserve asset for businesses, but as legal tender for countries. El Salvador made headlines because it was the first