The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
Following accusations of losing a mining facility for failing to pay a $1.2 million electricity bill, Compass announced that both its CEO and CFO resigned.
North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash
Chainalysis says North Korea’s unlaundered crypto holdings have dropped to $65 million due to the recent crypto market crash.
Court orders liquidation of Three Arrow Capital
A British Virgin Islands Court has ordered the liquidation of Three Arrows Capital (3AC), plunging the crypto hedge fund into a deeper crisis.
Saylor’s faith in Bitcoin unshaken as MicroStrategy buys another 480 BTC
MicroStrategy has added 480 BTC to its coffers despite the bear market, the company announced on June 29.
Russia approves tax exemptions for issuers of cryptocurrency
Russia approved a draft bill to exempt cryptocurrency issuers from VAT as part of its ongoing pro-crypto legislation.
SBF claims smaller crypto exchanges will fail soon
FTX founder Sam Bankman-Fried says some crypto exchanges are already secretly insolvent and will fail soon.
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
Bitcoin sees sharp decline in correlation with tech equities, Kaiko says
Bitcoin remains mostly uncorrelated to gold and its correlation with tech equities declined in June.
No Man’s Sky players invented a coin and hope to never trade it for real money
No Man's Sky community self-invented and implemented Hub Coin to the game. Running on an Ethereum testnet, the Hub Coin can't be exchanged for real money, which is what the community wants.
Finally, Axie Infinity’s Ronin Bridge reopens
The reopened Ronin Bridge underwent three audits, and includes new security layers to better protect user funds.
Circle inks custody deal with New York Community Bancorp
This partnership will see New York Community Bank become a custodian of Circle’s USDC stablecoin.
Traditional hedge funds consider regulatory uncertainty biggest barrier to entry in crypto
PwC's research showed that clearer regulation and tax laws would push dozens of large, traditional hedge funds to invest in cryptocurrencies.
CoinFLEX CEO claims “Bitcoin Jesus” defaulted on debt – owes $47M USDC
CoinFLEX CEO Mark Lamb said the exchange has filed a notice of default to Roger Ver, an investor and shareholder in the company. Roger Ver has denied the allegations
Cardano commences long-awaited Vasil hard fork
IO announced that the changes to the Cardano testnet will take effect on July 3, while the mainnet will go through the Vasil hard fork four weeks after that.
BlockFi wins money services license in Iowa
The money services license will enable BlockFi to offer Iowa residents stablecoin trading services and instant fund transfers.