BlockFi Agrees to Refund $100,000+ for California Customers – BlockFi, a bankrupt crypto lender, has agreed to provide refunds totaling over $100,000 to its California customers who continued to repay loans. California Department of Financial Protection and Innovation Investigates – The Department of Financial Protection and Innovation (DFPI) of California revealed on Monday that BlockFi […]
• The SEC has issued a subpoena to Sushi DAO and its “head chef” Jared Grey as part of an ongoing investigation into the DeFi industry and cryptocurrencies. • Sushi DAO has requested a $3 million USDT legal defense fund from its decentralized autonomous organization in order to cover potential legal and financial consequences resulting […]
Bitcoin Halving Cycles Bitcoin’s mining rewards (block rewards) are reduced in half every 210,000 blocks or approximately every four years. This is referred to as a halving. Three halvings have taken place so far: first in November 2012, second in July 2016, and third in May 2020. The next such event is estimated to take […]
• Vitalik Buterin, co-founder of Ethereum, recently sold off nearly $700,000 worth of “shitcoins” (fake coins). • The sale sent shockwaves through the cryptocurrency community and was done in order to offset the expense on his tax return. • Selling off shitcoins can result in a decrease in its value depending on various factors such […]
• In January 2023, Goldman Sachs announced plans to cut around 3,200 staff members as part of a cost-cutting exercise. • Despite this move, the bank remains open to hiring new talent in the cryptocurrency space due to their commitment to explore and invest in the crypto market. • Cryptocurrency professionals are now being sought […]