Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) has seen the commissioning of an artwork aimed at highlighting its climate impact. Instead, the art piece has been widely praised by Bitcoiners, who want to adopt it as its mascot. On March 23, the climate activism group partnered with art activist Benjamin Von Wong for its…
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Cathie Wood’s investment management firm has gone back to buying Coinbase shares again, just a day after COIN’s stock price dipped amid news of its Wells notice. On March 23, ARK Invest purchased 268,928 Coinbase shares via its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds. The shares wereworth $17.88 million at the time of…
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The United States’ crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase’s recent Wells notice. On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of a Wells notice, just…
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Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court. The Jan. 5 subpoena was issued to Davies via Twitter following approval from a New York bankruptcy court, instructing him to provide 3AC’s…
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Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. In a court filing signed by United States Attorney Damian Williams, the 31-year-old entrepreneur has been charged with eight separate counts, including commodities fraud, securities fraud, wire fraud, and…
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During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for people to maintain their financial freedom and privacy in a system that had let them down. However, the rise of central bank digital currencies (CBDCs) raises…
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Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin shrugs off Coinbase, Do Kwon arrest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp.…
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Algorand Foundation CEO Stacy Waden took to Twitter to confirm rumors about Coinbase’s decision to discontinue Algorand (ALGO) staking rewards for retail customers. Coinbase and Algorand, however, cite different reasons for the move. According to Waden’s tweet, Coinbase informed Algorand about the sudden termination of rewards for ALGO tokens on March 22, as the crypto…
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Centralized finance (CeFi) will continue to be an important avenue to drive the adoption of decentralized finance (DeFi) services in the future, but regulatory considerations remain a significant part of the process. This was a key theme that emerged during a panel titled ‘How to Do CeFi Right – the Balance Between TradFi & DeFi?’…
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The collapse of major banks highlights the need for Bitcoin (BTC) and self-custody according to Pascal Gauthier, the CEO and Chairman of hardware wallet provider Ledger. In an interview with Cointelegraph reporter Joseph Hall at the Paris Blockchain Week, Gauthier spoke about how recent events show how BTC can be a safe haven against the…
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