Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

According to Blockfis co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million......

Rap Star Snoop Dogg Believes Crypto Industry Will Bounce Back — Crash ‘Weeded’ Out Bad Apples

Denne uge, the rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC on Tuesday and explained that he believes the cryptocurrency economy will bounce back. Snoop said that he feels like the crash “‘weededout all of......

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCBs subsidiary, New York Community Bank, will become a custodian for the companys stablecoin reserves. Circle Partners......

Albania to Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania......

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

Tencents Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions......

Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of Gold

While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that theres roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokesperson from Ugandas Ministry......

Crypto Lending Company Blockfi Cuts Staff by 20%

On Monday, the cryptocurrency lending company Blockfi announced thatmarket conditionshave had anegative impacton the firms business and it will be laying offroughly 20%of its staff. The message written by Blockfi co-founders Zac Prince and Flori......

Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4

The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Deveres CEO Predicts a Bull Run in Q4......