Blockchain News

Argo Blockchain’s $27 million financial plan has failed. The company sold 3,843 S19J Pros for $5.6m. Argo to experience negative cash flow or potentially cease operations. Cryptocurrency miner Argo Blockchain...

The Fed is set to announce the interest rate hike on November 2. During the FOMC meeting, the Fed is likely to raise interest rates by 75 bps. The probability...

The EU introduced the Data Act to protect consumers from rogue artificial intelligence. The kill switch provision of the act is meant for safety in blockchain-based algorithms. However, the basic...

Andre Cronje released an article to discuss some of the crypto sphere’s issues. Cronje criticized 3AC managers, the Terra crash, and others in the article. He also stated the necessity...

Philipp Schindler admitted to witnessing reduced search spending during the third quarter. YouTube and other big companies suffered a similar fate to Google. The challenging macro climate is having a...

ASIC commenced civil penalty proceedings against BPS Financial. The business allegedly made false, misleading representation of unlicensed products. ASIC deputy claimed BPS fooled over 79,000 people. Australia’s markets regulator filed...

Visa group manager said that crypto transactions are up in the Middle East. During Visa’s fiscal first quarter of 2022, customers made $2.5 billion in payments with crypto-linked cards. Visa...

Freeway crypto staking platform halted withdrawals due to market volatility. FatMan accuses Freeway of running a Ponzi scheme and urges the investors to withdraw funds. ‘We built it to create...

Crypto exchange Gate.io was today’s target of bad actors. The scammers actively promoted a fake giveaway of 500,000 USDT. Four days ago, hackers exploited a Web3 multi-chain wallet stealing BNB...

The founder of Ethereum has sparked the creation of the third shitcoin this week. Buterin suggested conditional burns as a countermeasure to Twitter spam bots. The shitcoin increased by 3,888%...

Sam Bank Fried has suggested a list of crypto frameworks The suggestions have met with a lot of criticism from the crypto community Coinbase CEO Biran Armstrong responded with counter...

Telegram gears up to auction usernames using TON blockchain. The founder of Telegram Pavel Durov introduced this idea two months ago. Earlier, TON was abandoned by Telegram after a lawsuit...

A white-hat hacker reported an exploitable vulnerability to an on-chain liquidity provider. The flaw was in vDODO holders’ referral staking power. Previously, hackers exploited a Web3 multi-chain wallet three days...

N26 is launching crypto trading services for customers in Austria. The bank will allow Austrians to trade over 200 cryptos in partnership with Bitpanda. The German-based bank joins the industry...

APT token launch is the latest monumental airdrop failure in the crypto industry The token had a massive sell-off after Binance went live, tumbling the price to $6 within minutes....

The continuous episodes of web3 theft may have significant security implications. Blockchain criminals stole over $3 billion via 141 crypto vulnerabilities this year. Chainalysis said cross-chain bridge exploits account for...

Mairead McGuinness urged the US to create new rules to govern the crypto industry. The commissioner spoke during a trip to Washington DC to discuss the crypto industry regulation. McGuinness...

Walmart’s CTO outlined how crypto will play an integral payment role across the metaverse. Kumar aims to make payment options friction-free for customers to be able to transact. Walmart also...

Egyptian engineer, Mirna’s puts forward blockchain VAT accounting platform. Mirna’s Blockchain VAT accounting platform accepted by the Oman Ministry. “blockchain is the future” said Mirna and suggested that the public...

The SEC and CFTC are investigating Three Arrows Capital. 3AC misled reportedly investors about its balance sheet and failed to register. The probe was not officially disclosed; Bloomberg cited an...

Japan’s NPA issues public advisory regarding crypto hacks. The North Korean hacking group Lazarus is responsible for the attacks. The NPA advised affected organizations to be wary of phishing tactics....

Korean Government will replace existing ID cards with Digital IDs for smartphone users. Citizens can use digital IDs for money transfers, state benefits, and casting votes. According to the digital...

Bank of America said younger, rich Americans are 7.5 times more likely to hold crypto. They surveyed 1,052 people over 21 with more than $3 million in investable assets. The...

UK’s Finance Minister Kwasi Kwarteng has been fired by Prime Minister Liz Truss. Kwarteng sets a record for serving the shortest tenure in the parliament as a Finance Minister.  Kwarteng...

FASB has recommended fair-value accounting to determine crypto asset value. Firms must examine asset value yearly, noting price drops from the acquisition price. Previously, companies categorized crypto as intangible assets...