DIGIT INFO – Page 1372 – Cryptocurrency News

Decentralized Twitter alternative goes live on Apple’s App Store

The Damus app is powered by Nostr, which uses decentralized relays to distribute end-to-end encrypted messages, and has a powerful backer in Jack Dorsey.

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Crypto-friendly bank ends loans backed by crypto mining rigs

After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022.

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‘Categorically false’ — Attorney denies bids for Celsius assets were rejected

The Celsius Official Committee of Unsecured Creditors hosted a two-hour town hall shortly after the filing of the Celsius examiners’ report.

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Crypto exploit losses in January see nearly 93% year-on-year decline

Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year.

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Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report

A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.

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Founder of $7.5M ‘brazen fraud scheme’ to see 8 years behind bars

Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.

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Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the company has discontinued new loan […]

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Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem

Positive signs of Bitcoin’s recovery can be seen in on-chain, spot exchange and futures data.

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FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings

FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the country will cooperate with officials […]

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