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    1. Business News
    2. Authors
    3. fe digital currency

    FE Digital Currency

    BlueBenx halted all types of withdrawals after being the victim of a "very aggressive" hack.
    BlueBenx dismisses staff; suspends fund withdrawals due to a $32 million hack

    BlueBenx has joined the growing list of cryptocurrency companies that have failed to deliver on their promises of extravagant yield…

    By FE Digital Currency
    August 14, 2022 14:34 IST
    Open interest (OI) on futures markets was of special interest, with ETH activity nearly double that of BTC.
    Ethereum reaches an 8-month high in BTC as investors flock to ‘riskier’ altcoins

    Meanwhile, trading firm QCP Capital reiterated the need for caution in a rising cryptocurrency market in its weekly market report…

    By FE Digital Currency
    August 14, 2022 11:37 IST
    Some countries have more fundamental challenges that a digital counterpart of a fiat currency may not be able to address.
    What factors often drive a country’s acceptance of Bitcoin as legal tender?

    The Central African Republic is the second country to accept Bitcoin as legal money (CAR).

    By FE Digital Currency
    August 14, 2022 11:07 IST
    According to Cointelegraph, over the years, Bitcoin mining dropped due to a range of factors concerning investors’ sentiment which has been driven by tensions arising from market crashes, ecosystem collapses and loss-making investments
    68.6% increase in revenue seen across the Bitcoin mining industry

    Blockchain.com’s data pointed that BTC mining revenue saw an increase of close to 69% in a month’s time

    By FE Digital Currency
    August 13, 2022 14:52 IST
    Furthermore, the Singaporean exchange allowed 30% of its staffers to leave in June, and stopped withdrawals from its account at the starting of July
    Indian Directorate of Enforcement freezes accounts of cryptocurrency based Yellow Tune Technologies

    As stated by Cointelegraph, the financial regulator announced that it froze Yellow Tune’s bank balances, payment gateway balances and balances…

    By FE Digital Currency
    Updated: August 13, 2022 14:44 IST
    Jibon, a trader, drew fresh attention to Bitcoin’s 200-week moving average (MA), which is currently near $23,000
    What will be the financial implications of BTC dipping 5% from highs

    According to Cointelegraph, information from Cointelegraph Markets Pro and TradingView showed BTC dropping to a value of $23,615

    By FE Digital Currency
    August 13, 2022 13:20 IST
    Circle froze more than 75,000 USD Coin worth of funds on addresses listed by treasury officials
    Tornado Cash DAO goes offline after vote on treasury funds

    According to Cointelegraph, Tornado Cash DAO going offline was followed by a discussion in which community members voted unanimously to…

    By FE Digital Currency
    Updated: August 15, 2022 11:02 IST
    Despite the platform’s efforts to make economic adjustments, the token is still down 98.7% from its all-time high of $0.39 in July, 2021
    P2E based Axie Infinity introduces new game mode for users

    According to Cointelegraph, the Axie Infinity team made the announcement that Smooth Love Potions (SLP) will no longer be minted…

    By FE Digital Currency
    August 13, 2022 11:33 IST
    As stated by Cointelegraph, Russia’s latest monetary policy update stated that the authority will begin to connect all banks and credit institutions to the digital ruble platform in 2024
    Russia to lauch its digital ruble in 2024

    Bank of Russia started CBDC testing in 2022, and expects to complete an official banking rollout in 2024

    By FE Digital Currency
    August 13, 2022 10:24 IST
    Kiyaverse use cases of merging real-world banking with Metaverse banking through an avatar based interactions
    Kiya.ai to celebrate Azadi Kaa Amrit Mahotsav in metaverse on Bharatmeta

    Kiyaverse pioneers use cases of merging real-world banking with Metaverse banking through an avatar based interactions.

    By FE Digital Currency
    Updated: August 14, 2022 12:17 IST
    As per Curve Finance team, the hack was detected on Tuesday which alerted the users to restrain from using the site.
    Binance recovers the majority of funds stolen from Curve Finance

    On Monday, researchers returned an estimated $32.6 million worth of USDC, Tether (USDT) and other altcoins to Nomad.

    By FE Digital Currency
    August 12, 2022 17:59 IST
    Based on information provided by Cointelegraph, this collaboration will mark the first move for PicPay to introduce to its 30 million customers with digital assets
    PicPay collaborates with cryptocurrency exchange Paxos

    As stated by Cointelegraph, PicPay made the official announcement that clients are allowed to buy, sell and store two cryptocurrencies,…

    By FE Digital Currency
    August 12, 2022 16:51 IST
    Meanwhile, cryptocurrency players globally also ran into difficulties following a sharp selloff in markets that started in May
    China’s Huobi founder looks to sell stake for over one billion dollars

    Leon Li’s stake sale would value Huobi between two billion dollars and three billion dollars

    By FE Digital Currency
    August 12, 2022 16:22 IST
    A survey stated that cryptocurrency was the second most common investment class, with 44% of the surveyed individuals holding it
    ASIC raises concerns around risk-oriented cryptocurrency investors

    Based on information by Cointelegraph, the ASIC chair’s comments came during cryptocurrency trading and its complete regulation process in Australia

    By FE Digital Currency
    August 12, 2022 16:10 IST
    Marathon Digital stated it had boosted its Bitcoin output year over year, creating 707 BTC in the quarter.
    BTC mining stocks double in a month as production ramps

    Core Scientific announced an astounding 1601% gain in self-mined Bitcoin year-to-date, reaching 6,567 BTC, in a Q2 results filing on…

    By FE Digital Currency
    August 12, 2022 15:46 IST
    The UN Agency restated the International Monetary Fund's (IMF) position on the dangers of using cryptocurrencies as legal money
    UN agency wants comprehensive crypto regulation in developing countries

    According to the report, recent market developments have shown that cryptocurrencies, particularly stablecoins, have the potential to threaten the financial…

    By FE Digital Currency
    August 12, 2022 14:44 IST
    Mailchimp has a history of suspending or prohibiting everything related to cryptocurrency,
    Mailchimp suspends accounts of several crypto-focused users

    On August 10, Messari’s creator Ryan Selkis declared that Mailchimp had “for no reason” suspended the company’s account.

    By FE Digital Currency
    August 12, 2022 14:17 IST
    , BlackRock and the European Central Bank (ECB) collaborated in 2014 to settle the loan purchase program.
    Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder

    With roughly $9 trillion in assets under management for institutional clients, including central banks, BlackRock is the biggest asset fund…

    By FE Digital Currency
    August 12, 2022 13:21 IST
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