Latest Crypto News

Also today, Celsius Network faces criticism from the Justice Department over plans to pay $400,000 in severance to just 19 employees.

The transition to Proof-of-Stake, which has been presented as more scalable and environmentally friendly than Proof-of-Work, has been years in the making.

"Nasdaq is back to May levels, while Bitcoin is still down 20% from there. Not the strongest bounce, still lots to gain and to earn," Michaël van de Poppe warns.

One furious Messari executive says: "If Mailchimp's management of crypto clients is this haphazard, I shiver to think of what enforcement looks like for actual nefarious actors."

Planning the attack on an ex-colleague, Ilg wrote: "[They] should be given a significant beating that is obvious. It should injure both hands significantly or break the hands."

This isn't the only objection that Celsius is facing. Also this week, the company attempted to seek permission to sell some of its Bitcoin — and this proposal is also being challenged.

It's claimed 3.5 million Americans lost $5 billion as a result — and now, a dozen plaintiffs in a class action say both men should be responsible for paying them back.

The U.S. Justice Department believes John Bolton, once a senior figure in Donald Trump's administration, was being targeted in revenge for the death of Qasem Soleimani in January 2020.

Also today, two major stablecoin issuers have announced that they will fully support Ethereum's switch to a Proof-of-Stake blockchain.

Also today, Robinhood agrees to pay $9.9 million to users who are suing the company over repeated outages.

While the outages primarily affected those trading stocks, the settlement could create a precedent when it comes to platforms making payouts to compensate for outages.

Developers say Proof-of-Stake will use substantially less energy than Proof-of-Work did — and reduce barriers to entry because less advanced hardware is required.

An anonymous Tornado Cash user has been sending small amounts of Ether to the publicly known crypto addresses of Logan Paul, Beeple, Randi Zuckerberg, Jimmy Fallon and others.

Stressing that things are never as bad as they seem, Coinbase says: "The current downturn came fast and furious, and we are seeing customer behavior mirror that of past down markets."

Also today, why top celebrities are being warned their social media posts endorsing NFTs could be breaking the law.

Also today, good news if you're a Zipmex customer... kind of.

"The bottom line is celebrities who promote NFTs generally aren’t helping improve the financial literacy of their fans and followers," Truth in Advertising says.

The Thai Securities Exchange Commission has been seeking information on how many customers have been affected.