SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results.
Stephen Katte is an Australian freelance journalist having worked at media companies including Fairfax Media and Nine. He is also the author behind Vanguard, a post-apocalyptic science fiction novel.
SpankPay crypto payment service shutters, citing ‘hostile banking environment’ Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high
Sentiment toward the crypto market is the most positive its been since around the time Bitcoin hit its all-time high almost 16 months ago.
Beware of fake Arbitrum airdrops, community warns
The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum airdrop tokens.
Bitcoin ATM maker shuts cloud service after user hot wallets compromised
Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets.
Debtors saved over $100M using de-pegged stablecoins to repay loans
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.
FDIC to attempt another auction of Silicon Valley Bank: Report
Regulators are planning another auction for Silicon Valley Bank after the previous attempt to find a new owner failed.
Nissan files 4 new Web3 trademarks, trials sales in the metaverse
Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands.
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now
Crypto exchange Algodex and wallet provider MyAlgo have suffered security breaches in the last few weeks.
TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility
Bitcoin mining company TeraWulf has fired up a new “behind the meter” mining facility powered by 100% nuclear power in Pennsylvania.
7 DeFi protocol hacks in Feb see $21 million in funds stolen: DefiLlama
DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.
Internal documents reveal Australia’s potential timeline for crypto legislation: Report
Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least.
Bitcoin core dev calls out ‘misleading’ auction selling his code as an NFT
Bitcoin core developer Luke Dashjr has called out the sellers behind an NFT auction for using his name and code without his knowledge or consent.
Americans ‘frustrated’ by financial system inequality, 20% own crypto: Survey
Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly "frustrated" by the one-sided global financial system.
Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature — staking rate limit — after over 150,000 ETH was staked in a single day.
Coinbase hit with proposed trademark lawsuit over Nano derivative products
NanoLabs has filed a trademark infringement lawsuit against crypto exchange Coinbase for its Nano Bitcoin futures contract and Nano Ether futures contract.
BingChatGPT ‘pump and dump’ tokens emerging by the dozen: PeckShield
Blockchain security firm PeckShield on Twitter said it has found dozens of pump-and-dump tokens purporting to be related to ChatGPT.
Bitcoin ‘fixes democracy’ and fights corruption: Human Rights Foundation
Human Rights Foundation chief strategy officer Alex Gladstein argues that Bitcoin represents free speech, property rights and open capital markets — stifling the power of tyrannical governments.
South Korea’s Kimchi premium turns to discount
The “Kimchi premium” has flipped to discount again, and that could be saying something about crypto market sentiment, at least in South Korea.
Crypto’s next bull run will come from the East: Gemini co-founder
Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind.
Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
Paxos said it will engage with the U.S. securities regulator on the matter and is prepared to “vigorously litigate if necessary.”
SEC’s crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S.
OneKey says it has fixed flaw that got its hardware wallet hacked in 1 second
Unciphered posted a video showing a “Massive critical vulnerability” in the OneKey Mini. The creators say it’s been patched and they are now working on further securing the wallet.
Blockchain tech still far from hitting the esport big leagues, says investor
Smaller-scale esports organizations have started using blockchain tech for distributing prize pools, but the tech is yet to be adopted by the big tournament organizers.
North Korea stole more crypto in 2022 than any other year: UN report
A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before.
Crypto firms could face 2 years jail for breaching UK advertising laws
Crypto firms in the United Kingdom could face some harsh punishments under the FCA’s proposed financial promotions regime.
Dingo crypto token flagged as scam over 99% transaction fee backdoor
Cybersecurity firm Check Point said it discovered a smart contract function called "setTaxFeePercent" that can reportedly change the contract’s buy and sell fees.
Millionaires flock to crypto: 82% sought investment advice in 2022
A recent study from deVere Group found roughly four out of every five of their high-net-worth clients had asked their financial advisers about adding crypto to their portfolios.
SBF’s $250M bail guarantors should be made public, rules judge
A Jan. 30 ruling could see the identities of the two individuals who signed on as sureties for Sam Bankman-Fried’s $250 million bond become public, subject to appeal.