Cryptocurrency Analysis and News Portal
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The
Read More
LocalBitcoins has announced that it will shut down its platform this month. The Bitcoin exchange cited the ongoing crypto winter as the reason for this move. Users will be able to withdraw their funds from the platform over the next 12 months. The platform served customers in more than 190 countries for over
Read More
“It remains to be seen if these rumors are true, but what is clear is it would be a huge mistake from a US perspective, as it would result in the rest of the world getting ahead in the important crypto and blockchain technology revolution,” Marcus Sotiriou, market analyst at
Read More
Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter. Source
Read More
“Crypto faced a perfect winter storm in 2022, taking with it significant industry participants like Terraform Labs, Voyager Digital, Celsius Network, Three Arrows Capital, FTX, and BlockFi. SALT was not immune to these market forces, but we are determined to emerge stronger than ever,” said SALT founder and interim CEO
Read More
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will Provide Access to User Funds Crypto exchange Bitzlato is taking steps to restore
Read More
Anton Shkurenko, whose co-founder Anatoly Legkodymov was arrested in the law enforcement operation along with several other Bitzlato executives, said police had seized the platform’s hot wallet, which contained about 35% of user funds in all cryptocurrencies at the time. Source
Read More
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly." Source
Read More
Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.In an announcement sent to Cryptox, the company said that Koris aims to turn decentralized autonomous organizations (DAOs) into DACs or “decentralized autonomous companies” by providing an operating
Read More
Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market. The $125 million raise was financed by convertible note and a secured loan, Blockstream announced on Jan. 24. Venture capital firm Kingsway
Read More