Frax Ditches Algorithmic Backing, Citing Terra Failure
The community governance for stablecoin issuer Frax has voted to increase the collateral ratio for its stablecoin to 100%, removing...
Citing
Bitcoin Exchange LocalBitcoins To Shut Down, Citing Market Conditions
According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February...
Rally Shuts Down NFT Sidechain, Citing ‘Macro Headwinds’
The Rally social platform has shut down its Ethereum NFT sidechain. The team cited the tough market conditions as the...
DOJ Objects to FTX’s Choice of Lawyers, Citing Conflict of Interest
“S&C’s disclosures as filed are wholly insufficient to evaluate whether S&C satisfies the Bankruptcy Code’s conflict-free and disinterestedness standards,” said...
Huobi delists 33 tokens in one day citing trading risk, low volume
According to a Jan. 11 announcement, cryptocurrency exchange Huobi said that it would delist 33 tokens consisting of tickers ABT,...
Swyftx Scraps Its Yield Program Citing ‘Regulatory Landscape’
Australian cryptocurrency exchange Swyftx has announced it will be closing its Earn program this week, citing “the constantly changing regulatory...
Microstrategy sells bitcoin for 1st time, citing tax purposes
Yahoo Finance's David Hollerith discusses the latest news in crypto that Microstrategy has sold bitcoin for the first time, stating...
Judge in SBF Case Recuses Herself Citing Possible Conflict of Interset
Federal judge Ronnie Abrams, who used to oversee the case against Sam Bankman-Fried, Caroline Ellison, and Gary Wang, has formally...
Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link
The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams...
Coinbase Disables Mobile NFT Transfers Citing Apple’s App Store Policies – Apple (NASDAQ:AAPL), Coinbase Global (NASDAQ:COIN)
Cryptocurrency exchange Coinbase COIN has ceased non-fungible token (NFT) transfers on its iOS wallet app, blaming Apple AAPL due to...