cryptocurrency

Crypto firm Voyager Digital files for Chapter 11 bankruptcy protection

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset …

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Even More Crypto Lenders Struggle to Stem Flood of Withdrawals

Image: SIVStockStudio (Shutterstock) The number of crypto lending platforms that actually let users take their crypto home with them is getting progressively smaller. One company even reported its users were draining their accounts of close to $198 million in total over the past three weeks. CoinLoan announced Monday it was putting a big hold on …

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Crypto lender Nexo offers to buy embattled rival Vauld

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it …

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Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

There has been no official announcement. And even if there was one, this announcement would have gone unnoticed: Mark and Zuckerberg and his company, Meta Platforms (META) – Get Meta Platforms Inc. reportno longer have a digital payments project. Zuckerberg has chosen his moment well: the crypto sector is currently going through an unexpected crisis …

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The British Army’s YouTube and Twitter Accounts Were Hacked

Over the weekend, while many in the United States were pre-gaming today’s Fourth of July holiday celebrationsin the UK, the British Army was scrambling to regain control its Twitter and YouTube accounts that had both been hacked to promote NFTs and other crypto investment scans. According to the BBC, at one point over the weekend, …

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UK Army’s Twitter and YouTube accounts hacked to promote crypto scams

A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s Twitter and YouTube profiles were …

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Crypto lender Vauld halts withdrawals as market crash takes its toll

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Crypto lender Vauld on Monday paused …

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The Polium One Is A Web3 Console That Will Never Get Released

Image: shomos uddin / Polium / Kotaku (Getty Images) The Polium One is the answer to a question no one has ever, nor will ever, ask. It is a “next-gen console for web3 gaming.” Which is to say, a render on a website for a fictional machine that I believe will absolutely will never get …

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Bitcoin Family say they lost $1 million in value this year

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $69,000 in Nov. 2021 — but patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” Taihuttu told …

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Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

Some say it started with Lillie Langtree. The British actress and socialite, known as “The Jersey Lily,” is credited with being the first celebrity to endorse a product when she became the poster girl for Pears Soap in 1882. In the Beginning… Others say it goes back to the 1760s, when Josiah Wedgewood, a British …

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