New York is the first state to ban certain forms of crypto mining

New York just became the first state to ban certain types of cryptocurrency mining in an effort to allay environmental concerns about the energy-intensive process. “I will ensure that New York remains the center of financial innovation while also taking important steps to prioritize protecting our environment,” New York Governor Kathy Hochul said in a … Read more

Crypto lender Genesis denies bankruptcy plans after FTX collapse | cryptocurrency

Genesis’ comments come days after it halted customer withdrawals due to liquidity issues. Cryptocurrency lender Genesis has denied it is on the brink of bankruptcy, days after halting withdrawals in response to the collapse of crypto exchange FTX. Genesis said Monday it has “no plans” to file for bankruptcy in the near future and will … Read more

Looking for a role in Web3.0 gaming? A targeted approach will help Indian youth move forward

By Amanjot Malhotra Web3 gaming has been making a lot of noise in the blockchain world lately. Although Web3 gaming is still in its infancy, more and more decentralized Web3 applications (dApps) and games are being created every day, bringing us closer to this reality. The future of Web3 in India is determined by young … Read more

Looking for a role in Web3.0 gaming? A targeted approach will help Indian youth move forward

By Amanjot Malhotra Web3 gaming has been making a lot of noise in the blockchain world lately. Although Web3 gaming is still in its infancy, more and more decentralized Web3 applications (dApps) and games are being created every day, bringing us closer to this reality. The future of Web3 in India is determined by young … Read more

Binance’s CEO denounces Samuel Bankman-Fried’s erratic behavior

Binance’s co-founder and CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency after a turbulent few weeks in the market. NurPhoto/Contributor/Getty Images The top executive of the largest online cryptocurrency exchange, Binance, criticized the former CEO of bankrupt exchange FTX and took aim at economist Nouriel Roubini. Changpeng Zhao, known as “CZ”, … Read more

Size, scope of FTX outage becomes more apparent as users fear the worst

NEW YORK (AP) — Just days after the third-largest cryptocurrency exchange collapsed, the public is starting to get a sense of how messy FTX’s bankruptcy case could be. Other crypto companies fail due to the unraveling of FTX, events reminiscent of the domino-like meltdowns of the 2008 financial crisis. Users were left frustrated in the … Read more

Crypto an “ecosystem that is totally corrupt,” says Nouriel Roubini

Outspoken economist Nouriel Roubini described crypto and some of its key players as an “ecosystem that is totally corrupt.” At a panel hosted by CNBC’s Dan Murphy during Abu Dhabi Finance Week on Wednesday, the New York University professor said there were “seven Cs of crypto”: “Hidden, corrupt, crooks, criminals, scammers, carnival barkers ,” and … Read more

FTX says there may be more than 1 million creditors in a new bankruptcy filing

For illustration, the FTX logo with crypto coins is displayed with a 100 dollar bill. FTX has filed for bankruptcy in the US, seeking legal protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images Beleaguered cryptocurrency exchange FTX may have more than 1 million creditors, … Read more

Crypto markets are in shambles as companies scramble to calm investor jitters

Crypto exchanges have been trying to cool investor fears of contagion today as the industry is rocked by the shock waves of last week’s collapse of FTX. In an ask-me-anything on Youtube, the boss of Singapore-based exchange Crypto.com, Kris Marszalek, emphasized that the company had a strong balance sheet and was not exposed to the … Read more

All eyes are on US elections as crypto market trades sideways

Editor’s Note: Stay tuned for the daily news with so much market volatility! Catch up in minutes with our quick round-up of the news to read today and expert opinions. Register here! (Kitco News) – Cryptocurrencies traded flat on Monday as all eyes were on tomorrow’s midterm elections in the United States. The … Read more