Crypto exchange CoinFlex won’t lift withdrawal freeze yet, despite ‘significant progress’ in rescue token fundraising, CEO says

Crypto exchange CoinFlex won't lift withdrawal freeze yet, despite 'significant progress' in rescue token fundraising, CEO says

Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally planned, Mark Lamb, the company’s chief executive, told MarketWatch. The exchange has been trying to raise $47 million in stablecoin USDC USDCUSD, since Tuesday through the sale of a token called Recovery Value USD, or … Read more

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … Read more

Crypto is not replacing the US dollar, Bitfury CEO Brian Brooks says

Crypto is not replacing the US dollar, Bitfury CEO Brian Brooks says

Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former US Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the US dollar, then crypto is failing in its mission,” Brooks, now the … Read more

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary … Read more

Final Surrender — 5 reasons why Bitcoin could bottom at $10,000

Final Surrender — 5 reasons why Bitcoin could bottom at $10,000

Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last. Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom … Read more

Voyager Digital Provides Market Update

Voyager Digital Provides Market Update

NEW YORK, June 27, 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) today announced that its operating subsidiary, Voyager Digital LLC, has issued a notice of default to Three Arrows Capital (“3AC” ) for failure to make the required payments on its previously disclosed loan of 15,250 … Read more

Singapore warns of ‘brutal, unrelentingly hard’ crypto regs • The Register

Singapore warns of 'brutal, unrelentingly hard' crypto regs • The Register

In the same week that it welcomed the launch of a local center of excellence focused on crypto-inspired central bank digital currencies, Singapore’s Monetary Authority (MAS) has warned crypto cowboys they face a rough ride in the island nation. The center of excellence (COE) was established by the Mojaloop Foundation – an open source effort … Read more

Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure – Bitcoin News

Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure – Bitcoin News

Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more access to liquidity. Voyager Borrows $500 … Read more

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform – Regulation Bitcoin News

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, … Read more