Contributor
Ningwei is a Research Associate at Forkast. She focuses on China beat with her previous experiences in major Chinese media of Caixin, CCTV and People's Daily. Ningwei holds a Masters degree in Journalism from the University of Hong Kong.
Regulation
Another group of claimants against bankrupt crypto lender Celsius Network LLC is banding together to retain legal representation and seek to form an ad hoc group in bankruptcy hearings to get their money back. See related article: Celsius says it owes its users US$4.72B amid a US$1.19B balance sheet deficit Fast facts See related article: […]
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Regulation
The largest Ethereum mining pool, Ethermine, stopped processing transactions from crypto mixer Tornado Cash-related addresses around Aug. 11, according to crypto analyst @takenstheorem. See related article: U.S. Treasury overstepping authority in Tornado Cash sanction, says advocacy group Coin Center Fast facts See related article: Ronin hack proceeds seen headed to Tornado Cash
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Altcoins
The percentage of stablecoin USD Coin (USDC) supply held by the top 1% addresses dropped to a 22-month low on Monday, while USDC average trading volume in seven days surged to an all-time high on the same day, according to crypto data dashboard Glassnode. See related article: Vitalik Buterin says he used Tornado Cash to […]
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Altcoins
The Singapore and Hong Kong-based crypto lender said it was exploring options to allow users to withdraw deposits at an undisclosed discount rate, while seeking Singapore court approval to appoint a judicial manager for the company, according to a post on its blog on Friday. See related article: How a market slump may be helping […]
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Altcoins
ETHPoW, the token that will run on a potential Ethereum PoW fork, fell to an all-time low of US$50.36 on Thursday, down 64% from its Aug. 2 peak, according to CoinMarketCap. See related article: Chandler Guo tells why he is the man who would hard fork Ethereum Fast facts The ETHPoW token is currently only […]
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Altcoins
CME Group – the world’s biggest operator of financial derivative markets, including the Chicago Mercantile Exchange – on Wednesday said it will offer options on Ether futures starting Sept. 12, pending regulatory review. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts See related article: ETH futures […]
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Bitcoin News
The embattled Ukrainian government has spent US$54 million, raised through donations in cryptocurrencies, to supply defenders with military equipment, armor, clothing, medicines and vehicles, a senior minister said. See related article: Vitalik Buterin says he used Tornado Cash to donate to Ukraine Fast facts See related article: Ukraine’s NFT museum of Russian conflict goes live
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Altcoins
In a Q&A, the former cryptocurrency miner explains his methods for trying to pull together a band of Ethereum mining brethren in order to keep their rigs running. The idea started at a party at his house.
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Investment Insights
Venture capital for two new investment funds from CoinFund and Shima Capital were announced, with amounts reaching US$300 million and US$200 million, respectively. See related article: New Investors and Investments Fast facts The Ventures I fund, announced Thursday by CoinFund, will focus on backing blockchain startups, including both existing portfolios and new startup teams. The […]
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Bitcoin News
Cryptocurrency brokerage Genesis announced its CEO Michael Moro will step down as it reshuffles its executive team, while a 20% layoff of its 260-person workforce is being widely reported. See related article: BIS, HKMA partner on Project Genesis to tokenize green bonds Fast facts Chief operating officer Derar Islim will take over as CEO on […]
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