Crypto Industry News
Iran Begins Using Crypto for Foreign Trade
The government of Iran has now made its first purchase of imported goods with cryptocurrency, worth some $10 million. As the country is under economic sanctions for decades, it is currently in the process of changing its economic strategy so as to rely on crypto to make international purchases. While there’s no information about exactly […]
Young Father Creates a Neural Network for Detecting Baby’s Hunger
Good news for parents. Caleb Olsen, a Haitian-American IT developer, has created a neural network system that notifies users when their babies are hungry even before they start crying. He is currently waiting for the patent to be approved. According to Olsen, a baby will not cry as soon as it gets hungry, but will […]
Singapore Crypto Lender Hodlnaut Freezes Withdrawals
Yet another crypto firm has paused withdrawals on its platform amid the still ongoing adverse market conditions. This time, it’s Hodlnaut, a Singapore-based crypto lender. In an announcement, Hodlnaut stated that it will now be focussing on stabilizing its liquidity. It will be working with the Singapore law firm Damodara Ong LLC in an attempt […]
U.S. Treasury Department Bans Crypto Mixer Tornado Cash
In our news posts, we’ve been regularly mentioning Tornado Cash, a tool used to conduct private transactions on the Ethereum platform that is frequently associated with money laundering. Well, the U.S. Treasury Department has now taken action and has banned U.S. citizens from using Tornado Cash. In addition, the Treasury Department also compiled a list […]
Nomad Receives Over $22 Million Back from Hackers
After a last-week hackers’ attack on Nomad worth $192 million, the crypto bridge now has in its possession $22.4 million of that sum once again. It seems that Nomad’s tactic of cooperating with “white hat” hackers is working out. Namely, Nomad promised that all hackers who return at least 90% percent of the respective stolen […]
India’s Chief Economic Enforcement Agency Freezes $8.14 Million on WazirX
Enforcement Directorate (ED), the primary enforcement institution for economic matters in India, has frozen $8.14 million worth of assets sitting on the WazirX crypto exchange. India’s largest crypto exchange is accused of breaking government regulations and supporting money laundering on its platform. Moreover, Nischal Shetty, the managing director at WazirX, has allegedly failed to cooperate […]
Twitter Accused of Fraud. Elon Musk: I Was Misled To Buy It For $44 Billion
Elon Musk has submitted a filing to a Delaware court, claiming that he was misled by the figures Twitter presented before signing the buyout deal for $44 Billion. What is happening in San Franciso right now? Elon Musk has just officially accused Twitter claiming they committed fraud by presenting incorrect data before selling the company […]
Crypto Recovery Underway According to Bloomberg Adria
Good news. Recovery of the crypto market is underway, with medium-term growth expected to follow, say the analysts at Bloomberg Adria. According to the Bloomberg Galaxy Crypto Index, the crypto market is now 43% healthier than it had been at the end of the first half of 2022, when it hit its bottom value. As […]
Roman Catholic Archdiocese of Washington, D.C. to Accept Crypto Donations
The Roman Catholic Archdiocese of Washington, D.C. will be accepting donations in crypto. The Archdiocese has partnered up with the crypto donations platform, Engiven, to make this possible. The faithful will be able to donate a wide range of different crypto, from the most popular ones, such as BTC, to less-used ones, such as ZRX. […]
DFS Fines Robinhood for $30 Million
The crypto division of Robinhood, a financial services giant, received a $30 million fine from the New York Department of Financial Services (DFS). Robinhood was fined due to failing to comply with crypto regulations in multiple violations. According to a statement made by the DFS, cryptocurrency companies are not exempt from having to comply with […]