It’s the one-year anniversary of El Salvador’s adopting Bitcoin as a legal tender, so Bloomberg follows up, finding a country where “Adoption has moved slowly, and steep declines in Bitcoin’s price from those lofty levels last fall have dampened the early euphoria that swept across the nation.” “Bitcoin hasn’t replaced Read more…
The Australian Mint has released a coin in partnership with the Australian Signals Directorate (ASD) that has incorporated a code-breaking challenge in the design. The coin is to mark the 75th anniversary of the spy agency and incorporates a code with four layers of encryption — each layer progressively harder Read more…
Faruk Fatih Ozer, the founder and CEO of the now-defunct crypto exchange Thodex, has been arrested in the Albanian city of Vlore. Ozer fled following the collapse of Thodex in April 2021: he initially claimed a halt in trading was due to cyberattacks, and that investors’ money was safe, before Read more…
Ethereum’s developers have officially confirmed September 6 as the date for Ethereum’s long-anticipated transition from proof of work to proof of stake, known as The Merge. From a report: “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here!” the Ethereum Foundation wrote in a blog post on Wednesday. Read more…
In June, cryptocurrency exchange Crypto.com announced it was laying off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market. But layoffs did not end there. Sources in and outside the firm tell The Verge that the company has quietly let go Read more…
Quebec’s $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network, with its chief executive officer conceding the fund invested “too soon” in the sector. Charles Emond, CEO of the Caisse de Depot et Placement du Quebec, spoke publicly for the first time Wednesday about Read more…
Blockdata, a crypto research firm, released an updated blog post Tuesday showing who’s been the most active investors in the crypto scene from September 2021 through June 2022. Researchers noted big tech firms including the likes of Tencent, Microsoft, PayPal, Samsung, and Alphabet (Google) are putting big money into crypto Read more…