• CRYPTO NEWS • #BTC • #ETH •

2022-12-31 03:14:02 Celsius Seeks To Help Customers Extend Deadline To File Claims

Celsius wants to delay the deadline for creditors to report the amount they are owed until early February rather than January 3.The bankruptcy court handling the issue will hear the application to extend the deadline at a hearing on January 10. According to the crypto lender, its objective is to provide account holders more time to submit any proof of claim. Later this week, the business will submit a motion asking for a postponement of the bar date. Celsius customers will have an extra deadline to file a claim as the company appears to be trying to get the court to extend the time until February next year.

Best Crypto News Open / Comment

2022-12-30 21:14:02 Brazilians are turning to stablecoins to protect savings from inflation

According to recent market data, 50% of the Brazilian Real (BRL) volumes involve a stablecoin. The recent development poses an impressive figure about the usage of stablecoins in Brazil, especially as only 5% of the BRL volume involves USD directly. Brazil’s Real continues to struggle to hold its value as inflation, coupled with the global economic crisis, continues to hit hard on the South American country. In June, the inflation rate grew to 9.704%, the highest in 2022. The struggle against inflation in Brazil caused the Real to weaken against the U.S. dollar. In Brazil, stablecoins are seen as an excellent way to protect savings from inflation.

Best Crypto News Open / Comment

2022-12-30 16:41:02 MicroStrategy to offer Bitcoin Lightning solutions in 2023

MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023.The Lightning Network is a layer-2 payment protocol layered on top of Bitcoin’s blockchain that allows for off-chain transactions. The company also wants to make it possible for any enterprise to “spin up” Lightning infrastructure in an “afternoon,” he said. The MicroStrategy chairman again made mention of his “Lightning wall” cybersecurity idea, essentially a Bitcoin-based paywall that would protect websites from cybersecurity attacks by requiring visitors to put down a deposit in Satoshi. He noted this is something that credit cards could not offer due to the time delays involved in getting funds back.

Best Crypto News Open / Comment

2022-12-30 09:14:00 Binance secures 14 licenses, grows headcount to 7,500 in 2022

Binance saw steady growth in 2022, securing 14 licenses and increasing its headcount to 7,500 people representing over 100 nationalities. As of the end of 2022, the exchange serves over 120 million users from all over the world. Binance also focused on securing regulatory licenses from various countries throughout the year. As of the end of 2022, Binance holds 14 licenses from 14 different countries across the globe, including Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand. Binance will continue to engage with the regulators of these countries to ensure that it meets all local requirements.

Best Crypto News Open / Comment

2022-12-30 03:14:02 Uniswap V3 was the most used Ethereum contract in 2022

Uniswap V3 has become the most popular Ethereum contract in 2022, ranking first when it comes to total gas used throughout the year. Uniswap V2 also saw 17% of its transactions reverted, the highest percentage out of all of the most popular Ethereum contracts. According to data from Dune Analytics, Uniswap V3 used up over 2.8 million gas in 2022. This is more than three times higher than the amount of gas consumed in Uniswap V2, showing that users have flocked en masse to the DEX’s newest iteration. Uniswap V2 also saw 17% of its transactions reverted, the highest percentage out of all of the most popular Ethereum contracts.

Best Crypto News Open / Comment

2022-12-29 21:14:00 Over 1 Million FTX Customers Filed Class Actions To Get Their Money Back

On December 28, FTX customers filed a class-action lawsuit against crypto exchange FTX and its former executives (including SBF), asking the court to declare that the assets digital assets held by the company belong to the customer, according to Reuters. The lawsuit seeks to represent more than 1 million FTX customers in the United States and abroad. The lawsuit asks the court to declare that funds are held in FTX US accounts for US customers, funds are held in FTX Trading accounts for non-US customers, or other traceable customer assets are not the property of FTX.the customer will ask for a ruling that they have priority over other creditors.

Best Crypto News Open / Comment

2022-12-29 15:03:02 Kraken Exchange Will Leave Japan For The Second Time At The End Of Jan 2023

On December 28, Kraken exchange will leave Japan at the end of January 2023. Payward Asia, which operates in Japan, announced today that it would “stop the crypto exchange business”.Kraken said it would reduce its workforce by 30%, or about 1,100 employees. The crypto exchange’s departure from the Japanese market is due to the country’s current market conditions and the weak global crypto market. Kraken will deregister from the Financial Services Authority (JFSA) as of January 31, when customers will have to withdraw their fiat and crypto holdings, Kraken said in a statement.Kraken said it is fully funded to ensure that all affected customers can promptly withdraw their assets.

Best Crypto News Open / Comment

2022-12-29 09:14:00 Argo Blockchain Avoids Bankruptcy With $100 Million Agreement With Galaxy Digital

Bitcoin miner Argo Blockchain decided to sell its Helios mining operation in Dickens County, Texas, to Galaxy Digital for $65 million, preventing it from seeking bankruptcy protection. Argo Blockchain will sign a two-year hosting deal with Galaxy Digital. Argo Blockchain found itself difficult when a plan for $27 million in the capital fell through in October. The acquisition will help Argo strengthen its balance sheet and prevent bankruptcy. The miner announced earlier this month that it was in advanced talks to sell some of its assets and complete an equipment finance deal to avoid declaring Chapter 11 bankruptcy.

Best Crypto News Open / Comment

2022-12-29 03:25:10 Binance Cloud Mining Products Experienced A Power Outage

Binance Cloud Mining products are facing difficulties in North America as a series of problems caused the operation to be suspended. Products from Binance Cloud Mining lost power as a result of the severe weather in North America. Binance will add three extra days to the end of affected Cloud Mining Product subscriptions to make up for the power interruption. Users who don’t have access to mining equipment can still earn mining rewards from the Binance Pool, thanks to Binance Cloud Mining. Hashrates are available for purchase from the cloud mining goods, and users can then begin earning rewards in their funding wallet.

Best Crypto News Open / Comment

2022-12-28 21:13:57 Ripple Collaborates With Palau To Launch A National Stablecoin

In a conversation, the president of Palau, Surangel Whipps Jr. discussed the country’s digitization and what they are attempting to embrace in terms of future advances. The president declared that the country is working with Ripple to develop a national stablecoin. Palau is the most recent country to join the bandwagon. Palau is an island nation and a microstate with a population of only 20,000 people. Surangel Whipps Jr., the president of Palau, revealed significant insights regarding the country’s digitization and the eventual adoption of blockchain in one of the most recent interviews with Bloomberg. He indicated that they intend to deploy the stablecoin shortly, making payments easier and safer.

Best Crypto News Open / Comment