Month: August 2022

[ad_1] The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday, Aug. 30, in the country’s capital city Tirana. According to a report by Cointelegraph Turkey, Özer is […]

[ad_1] Avalanche is the best-performing cryptocurrency amongst the top 50 cryptocurrencies by market cap. AVAX, the native token of the Avalanche blockchain, is up by more than 13% over the last 24 hours. Thus, making it the best-performing cryptocurrency amongst the top 50 cryptocurrencies by market cap. AVAX’s positive performance comes as the broader crypto […]

[ad_1] The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent exhibition during the third-annual Metaverse Art Week in Decentraland, held on Aug. 24–28.  Metaverse users are now able to experience the art, along with personal anecdotes […]

[ad_1] Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum. Referred to as the “Nitro” upgrade, Arbitrum reconfirmed the date of the upgrade in a Twitter post on Aug. 29, confirming […]

[ad_1] Ripple Labs General Counsel Stu Alderoty has hit back at a recent opinion piece by Security and Exchange Commission chairman Gary Gensler, arguing that the regulator’s crypto market shakedowns aren’t protecting consumers.  In an Aug. 28 opinion piece on the Wall Street Journal (WSJ) titled “The SEC Wants to Be America’s Crypto Cop,” Alderoty […]

[ad_1] The government of Mendoza has added crypto to legal tax payment options and provided a step-by-step guide for users. The Mendoza province, the wine capital of Argentina and one of the world’s leading destinations for oenophiles, now accepts cryptocurrency for tax obligations and other government fees. This is after the Mendoza Tax Administration (ATM), […]

[ad_1] Kyle Roche, the lawyer at the center of allegations made by website Cryptoleaks about a secret agreement between his firm and Ava Labs, responded Monday in a post on Medium. Like Ava Labs CEO Emin Gün Sirer, Roche denied the existence of any secret agreement between the parties. Roche claimed that the recordings that […]

[ad_1] Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an […]

[ad_1] FTX has been active in the acquisitions arena this year, snapping up firms like Liquid and Bitvo amid the crypto winter. Sam Bankman-Fried, the CEO of crypto exchange FTX, has said his company does not plan to acquire cryptocurrency exchange Huobi. The FTX boss, whose firm has in recent months dominated news headlines around […]