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The Fed’s Brainard says crypto needs to be regulated before it gets too big

Federal Reserve Governor Lael Brainard speaks at the National Association of Business Economics (NABE) Annual Meeting in Arlington, Virginia on Monday, September 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Vice Chair Lael Brainard became the latest official to comment on crypto, saying on Friday that regulation is needed or the industry … Read more

Even more crypto lenders are struggling to stem the tide of withdrawals

picture: SIVStockStudio (Shutterstock) The number of crypto lending platforms that actually allow users to take their cryptos home is dwindling. One company even reported that its users drained their accounts totaling nearly $198 million over the past three weeks. CoinLoan announced On Monday, it severely impacted users’ ability to withdraw most of their crypto assets. … Read more

Polium One is a Web3 console that will never be released

picture: Shomos Uddin / Polium / Kotaku (Getty Images) The Polium One is the answer to a question no one has ever asked and never will. It is a “next generation console for Web3 gaming”. That is, a rendering on a website for a fictional machine that I believe will absolutely never be made. I … Read more

Polium One is a Web3 console that will never be released

picture: Shomos Uddin / Polium / Kotaku (Getty Images) The Polium One is the answer to a question no one has ever asked and never will. It is a “next generation console for Web3 gaming”. That is, a rendering on a website for a fictional machine that I believe will absolutely never be made. I … Read more

The last remnant of Facebook’s crypto project will shut down on September 1st

Diem’s ‚Äč‚Äčlogo, formerly known as Libra, can be seen on a smartphone screen with a Facebook logo in the background. Pavlo Gonchar | SOPA images | LightRocket via Getty Images Meta plans to shut down its Novi digital wallet on September 1, just 11 months after the company formerly known as Facebook debuted it. The … Read more

“Cryptoqueen” Ruja Ignatova has been named to the FBI’s top ten most wanted list

This “cryptoqueen” is now a crown jewel on the FBI’s most wanted list. Ruja Ignatova, who is accused of defrauding investors of more than $4 billion, has been added to the federal agency’s 10 most wanted fugitives list, law enforcement said Thursday. The 42-year-old joins a list of wanted suspects that includes alleged murderers and … Read more

Grayscale sues SEC after rejected bid to convert Bitcoin funds into ETF

The SEC on Wednesday denied Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to respond to questions about market manipulation concerns. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest Bitcoin fund, said it will sue the U.S. Securities and Exchange Commission after regulators rejected its … Read more

Withdrawals are unlikely to resume on Thursday

Bitcoin and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images The embattled cryptocurrency exchange CoinFlex is unlikely to let customers withdraw funds again on Thursday as originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And withdrawals are unlikely to be re-enabled tomorrow,” Lamb told CNBC. However, CoinFlex … Read more

Withdrawals are unlikely to resume on Thursday

Bitcoin and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images The embattled cryptocurrency exchange CoinFlex is unlikely to let customers withdraw funds again on Thursday as originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And withdrawals are unlikely to be re-enabled tomorrow,” Lamb told CNBC. However, CoinFlex … Read more