- Spark Newswire

3 minute read

‘They Are Scared’ Crypto Ecosystem Pushbacks Over International Monetary Fund Control

Today, 1:49 PM

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance.

BTC

1 minute read

Platypus Finance Hacking Suspects Arrested By French Police: Here’s How They Were Identified

By Murtuza Merchant

Today, 1:49 PM

Decentralized finance protocol Platypus Finance (CRYPTO: PTP), which runs on Avalanche (CRYPTO: AVAX), has confirmed that two individuals suspected of hacking their system have been arrested by the French National Police.

$AVAX

2 minute read

DeFi Protocol Platypus To Refund 63% of Funds Lost In Recent Exploitation

By Murtuza Merchant

Today, 1:49 PM

Days after Platypus suffered major exploitation resulting in a loss of $9.1 million from three separate attacks, the decentralized-finance (DeFi) protocol announced a minimum of 63% of the funds would be distributed to users, regardless of any further update on fund recovery.

$BUSD

1 minute read

This State Just Passed A Bill Protecting Crypto Miners From Discriminatory Utility Rates

By Murtuza Merchant

Today, 1:49 PM

The Montana State Senate has approved a bill to protect cryptocurrency miners from a range of possible actions against the industry, including discriminatory utility rates and zoning restrictions. The proposed legislation passed 37-13 in the Senate and now awaits approval in the state's House.

BTC

2 minute read

Four Founders Of Forsage Indicted For Running A $340M Ponzi Scheme

By Murtuza Merchant

Today, 1:49 PM

A federal grand jury in the District of Oregon has charged four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, with running Ponzi and pyramid scheme that raised approximately $340 million from victim investors.

$BNB

2 minute read

Titanic Gets The Web3, NFT Treatment From Artifact Labs & Venture Smart Financial

By Murtuza Merchant

Today, 1:49 PM

RMS Titanic Inc, the company responsible for preserving and showcasing the sunken ship, is collaborating with Artifact Labs and Venture Smart Financial Holdings, a Hong Kong-based asset management firm, to turn the physical artifacts from the tragic voyage of 1912 into non-fungible token (NFT) assets through Web3.

BTC

1 minute read

Google Cloud Gets Deeper Into Crypto, Set To Deploy Tezos Nodes And Become Validator

By Murtuza Merchant

Today, 1:49 PM

Google Cloud is set to join the ranks of validators on the Tezos (CRYPTO: XTZ) network, a blockchain platform, to enable its corporate clients to build Web3 applications on the network by deploying Tezos nodes.

$XTZ

2 minute read

BlackRock Launches ETF To Capitalize On Growing Metaverse Investment Opportunities

By Murtuza Merchant

Today, 1:49 PM

One of the largest asset managers in the world, BlackRock Inc (NYSE: BLK), has now entered the growing competition in the

AAPL

2 minute read

Crypto Is Not A Viable Alternative To Fiat Currency, Economist Agustín Carstens Says

By Murtuza Merchant

Today, 1:49 PM

The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for "trusted" money, according to the Bank for International Settlements' Agustín Carstens.

BTC

2 minute read

European Union Calls For Fast-Tracking Capital Rules For Banks Holding Cryptocurrencies

By Murtuza Merchant

Today, 1:49 PM

The European Union (EU) must expedite the rollout of strict capital rules for banks holding crypto assets in a pending banking law if it wants to meet the deadline set by the Basel Committee, warned the bloc's executive.

BTC