Category Archives: Cryptocurrency News

The liquidator of Three Arrows Capital accused the co-founders of the fund of embezzlement of assets

The consulting agency Teneo claims that the Three Arrows Capital fund, despite problems with the return of capital to investors, continued to trade cryptocurrencies. Restructuring agency Three Arrows Capital (TAC) has released a court filing by crisis manager Russell Crumpler alleging that fund co-founders Su Zhu and Kyle Davies made the down payment on the yacht. worth $50 million. The yacht was to be delivered to Italy within two months of the last payment. The…

Poll: More than half of US banks consider blockchain and cryptocurrencies to be “secondary tasks”

According to a survey conducted by the US Federal Reserve, most of the country’s banks have transferred developments in the field of cryptocurrencies and blockchain to the status of “secondary tasks”. Top finance managers of 80 major US banks participated in the survey. Of these, 56% said that blockchain products and crypto-currency services are now considered “low priority” or even “not significant” for business growth over the next two years. Only 27% of respondents noted…

Metaverse Yuga Labs announced the first visitors

The Otherside project has demonstrated the possibilities of its own virtual platform for land owners in Otherdeed and developers. The metaverse team created by Yuga Labs invited 4,300 players for a first tech demo of the online platform. The virtual travelers were accompanied by a monkey avatar from the Yuga Labs collection. The tour participants who visited Biogenic Swamp were either land deed holders at Otherdeed or select developers of the studio’s other projects. Otherdeed…

Kenyan AfyaRekod launched a system for storing medical data on the blockchain

The Kenyan medical company AfyaRekod has opened access to an automated universal system based on the blockchain for patients of medical institutions. AfyaRekod partners with the Kenyan Association of Sisterhoods, the Healthy Mind Foundation of Nigeria, AURA of South Africa, GE Healthcare, Telkom, AI Center of Excellence, Adanian Labs technology company and Lishe Living nutrition company, as well as the Africa Blockchain Center. The AfyaRekod platform was created as part of the NVIDIA AI program,…

Ethereum developer predicts switch to PoS in September

The Ethereum puncture support engineer from the Ethereum Foundation announced the expected date for the merger of the test network with the main network and the transition to the Proof-of-Stake consensus mechanism. Tim Beiko has tweeted out a timeline for Ethereum to move from Proof of Work (PoW) to Proof of Stake (PoS). According to the document, the merger of Ethereum with the test blockchain is scheduled for September 19, 2022. The specialist warned that…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

UN recommends that developing countries ban advertising of cryptocurrencies

The United Nations (UN) has recommended that developing countries take strong action against cryptocurrencies, warning of the risks associated with the industry’s lack of regulation. According to a report titled “All that glitters is not gold” published by the United Nations Conference on Trade and Development (UNCTAD), the organization acknowledged that cryptocurrencies have some advantages. However, their disadvantages far outweigh the benefits that individuals and financial institutions can reap. UNCTAD has proposed that developing countries…

Shanghai invests $52 billion in the metaverse industry

In the next three years, the Chinese government of Shanghai intends to implement a program to support projects in virtual reality. The municipal authorities of one of the largest metropolitan areas in China announced their intention to make the city a major technology center for the development of such projects. Government investment in the metaverse economy will be increased 30 times, from $1.5 billion to $52 billion. Wu Jincheng, director of the Shanghai Committee for…

Glassnode: The number of addresses in Bitcoin for the first time exceeded 1 billion

According to the analytical agency Glassnode, the volatility and problems of the crypto market did not stop the development of Bitcoin. Glassnode specialists reported that for the first time since the existence of the Bitcoin blockchain, the number of created addresses on the network on July 11 exceeded one billion, reaching 1,000,002,559 addresses by the end of the day. This suggests that Bitcoin, despite the fall of the cryptocurrency market, continues to be popular. The…

Charity Commission of England and Wales: “Contributions in cryptocurrencies are too risky”

The assistant director of the Charity Commission for England and Wales urged UK fund trustees to exercise caution when dealing with cryptocurrencies. Samuel Jackson published an article warning charities about the risks of accepting digital assets as donations as it is not clear how cryptoassets will evolve in the future. The assistant director advised fund trustees looking to “dive” into the world of cryptocurrencies to think carefully about their decisions in order to avoid problems…