Huobi-incubated Chinese NFT platform iBox ends international operations
Its operations in mainland China are continuing as normal.
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Binance to suspend ETH deposits, withdrawals during “The Merge”
Binance, the world’s largest cryptocurrency exchange by trading volume, said it will suspend deposits and withdrawals for ETH and ERC-20 during “The Merge,” in support of Ethereum’s migration to the proof-of-stake (PoS) model. See related article: Ethereum finalizes start date for Bellatrix upgrade Fast facts Binance said on Thursday that it will do so on…
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BTC miner Whinstone countersues Japan’s GMO Internet for US$15 mln
Riot Blockchain (RIOT)’s Bitcoin mining facility Whinstone is seeking at least US$15 million in damages from Japanese tech company GMO Internet in a four-year-long dispute over usage of mining equipment, according to a document filed in the U.S. District Court for the Southern District of New York on Monday. See related article: Crypto miners plan…
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Markets: Ethereum, Ethereum Classic lead crypto gains as Bitcoin posts modest gains
Ethereum and Ethereum Classic headlined the day’s top gainers among the crypto top 100 while Bitcoin traded sideways during early Friday morning trading in Asia. The total crypto market was up 1.3% to US$1.04 trillion while U.S. investors remain shaky as they await guidance on possible interest rate rises from the Federal Reserve. See related…
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Crypto ATM Bitcoin Depot unveils US$885 mln SPAC listing plans
Bitcoin Depot has announced its backdoor listing plans on the Nasdaq by the first quarter of 2023 via a merger with special purpose acquisition company (SPAC) GSR II Meteora at an estimated equity value of US$885 million, the crypto ATM operator said in a statement. See related article: Bitcoin ATMs face existential threat in Hong…
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Each NFT scam perpetrator gained average of $300,000 in past year: Elliptic report
More than US$100 million worth of NFTs were scammed between July 2021 and July 2022, with each scam perpetrator making an average of US$300,000, according to a report released on Wednesday by crypto analysis firm Elliptic. See related article: Who fared worse in cryptocurrency slump: criminals or legitimate users? Fast facts See related article: Ronin…
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Shanghai Data Exchange launches untradeable NFTs
The Shanghai Data Exchange has debuted blockchain-based digital assets without allowing secondary trading, a day after the exchange began digital asset trading on Wednesday. See related article: Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’ Fast facts See related article: Beijing, Hengqin ramp up metaverse amid struggling economy
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Markets: Bitcoin, Ether bounce back; XRP climbs, Ether Classic jumps, Ankr gains on staking
Bitcoin and Ether staged a rebound Thursday afternoon in Asia, with most other tokens in the top 10 cryptocurrencies by market capitalization following them higher in a tentative recovery from last week’s slump. See related article: Markets: Bitcoin treads water, Ether Classic gets a bump, Cosmos gains on Kujira news Fast facts Bitcoin gained 1.97%…
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Alleged Tornado Cash Developer Alexey Pertsev to stay in jail
Alleged Tornado Cash developer, Alexey Pertsev, was accused of facilitating money laundering through the now-sanctioned crypto mixer. Pertsev will stay in jail for at least another 90 days, a judge in the Netherlands ruled on Wednesday. The developer has not been officially charged with any crime. See related article: Tornado Cash arrest heralds storm season…
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Crypto miners plan to fork Ethereum, will it make a difference to the Merge?
Ethereum has by far the most developers from DeFi projects to NFTs so how are they expected to respond to a plan by Etheruem miners to fork the network, a move miners argue is needed to stay in business.