Category: News

July 30, 2022
Ethereum Developer Reveals Timeline for Final Testnet "Merge" Upgrade

In a tweet, Ethereum developer Tim Beiko shares the expected timeline for the Goerli proof-of-stake transition. Also, in a blog post shared alongside the tweet, the team notes that after numerous devnets, shadow forks and merges on deprecated testnets, Goerli and its accompanying Beacon Chain, Prater, are the only remaining testnets to undergo the "Merge." In this case, […]

Read More
July 23, 2022
Almost $6 B Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others

Cryptocurrency investment funds lost almost $6 billion worth of Bitcoin following the massive liquidation series on the cryptocurrency market back in the May-June period. The biggest loser on the market is, as expected, the Luna Foundation Guard. The largest portion of the coins that were lost is tied to the series of large liquidations that appeared […]

Read More
July 17, 2022
Utoday: Celsius Has $1.2 Billion Hole in Balance Sheet

Utoday: Embattled cryptocurrency lender Celsius recently filed for bankruptcy protection Celsius CEO Alex Mashinsky has admitted that the company had a $1.2 billion hole in its balance sheet gap, according to the company’s bankruptcy documents. It was previously rumored that the huge balance sheet hole was the reason why cryptocurrency exchange FTX passed on the […]

Read More
July 7, 2022
Binance to Eliminate Fees for Bitcoin Spot Trading

Utoday: Binance has moved to remove fees for slew of Bitcoin spot trading pairs Binance, the world's largest cryptocurrency exchange by reported trading volumes, has removed fees for a wide range of Bitcoin spot pairs on the occasion of its fifth anniversary, according to an announcement posted this Wednesday. Users will be able to trade Bitcoin against […]

Read More
July 2, 2022
Troubled Hedge Fund 3AC Files for Bankruptcy Protection

Utoday: Embattled cryptocurrency hedge fund Three Arrows Capital filed for Chapter 15 bankruptcy protection on Friday, the Financial Times reports.   Chapter 15 is a tool that allows foreign debtors to handle bankruptcy proceedings in the U.S. It will make it possible for the hedge fund to shield its stateside assets during the process of liquidation. […]

Read More
June 27, 2022
Ethereum's Arbitrum to Be Used by Norwegian Government

Contents Ethereum-based technologies for unlisted companies' shares: Case of Norway Arbitrum's adoption gained traction in Q2, 2022 For the first time, a major country has begun using Ethereum and its products to create a completely new type of financial market for inclusive and democratic trading. Ethereum-based technologies for unlisted companies' shares: Case of Norway Jon Ramvi, Web3 developer and founder […]

Read More
June 22, 2022
Tether Launches Stable British Pound Sterling GBPt

Utoday: Tether announced plans to launch a stablecoin pegged to the British Pound Sterling, GBPt. Initially, the GBPt stablecoin, as always, will be available on the Ethereum blockchain. The coin will be released as early as next month, in July. After its launch, GBPt will join the Tether storefront, which already features such coins tied to such […]

Read More
June 14, 2022
Utoday: Coinbase to Fire 1100 Employees

Coinbase, the largest cryptocurrency exchange in the U.S., intends to fire as many as 1,100 employees as part of a major restructuring plan announced earlier today. The shares of Coinbase have now plunged almost 7% on the news. They are now on track to reach another record low of $48, plunging by a staggering 79% since the […]

Read More
June 4, 2022
Utoday: Winklevoss Twins' Exchange Sued by U.S. Commodities Regulator

The Commodity Futures Trading Commission (CFTC) has taken the Gemini cryptocurrency to court, alleging that the Winklevoss-led cryptocurrency exchange misled the regulator about the nature of its Bitcoin futures contract, according to a report by Bloomberg.   Gemini allegedly made false statements during meetings with CFTC staff about its operations. The exchange allegedly lied about preventing market […]

Read More