VP of Bithumb Division Found Dead, Investigation Ongoing

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• A vice president of Vident, a division of the virtual currency exchange Bithumb, was found dead in front of his residence in Seoul, South Korea. • South Korean investigators are looking into the management of Bithumb for alleged fraud and stock price manipulation. • The cause of death is currently unknown and authorities are…

Bitfarms Appoints New CEO to Lead Expansion of International Mining Operations

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• Bitfarms, a bitcoin mining firm, has confirmed hiring a new CEO, Geoff Morphy. • The former CEO, Emiliano Grodzki, resigned as the CEO but will remain as a director on its board. • Nicolas Bonta, the new chairman of the board of directors, praised Geoff’s appointment, saying that the new CEO helped remake Bifarms…

Venezuelan Banks Freeze Accounts for Crypto Transactions: Here’s What You Need to Know

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• Venezuelan banks have frozen over 75 accounts for enabling crypto-to-fiat and fiat-to-crypto transactions since the end of 2021. • Ana Ojeda, CEO of Legalrocks, claims that shutting these accounts for collecting fiat money in exchange for cryptocurrencies can’t be justified. • Financial authorities may deem transactions made via cryptocurrency exchanges which aren’t properly regulated…

Paxos Announces BUSD, a US Dollar-Backed Stablecoin Regulated by NYDFS

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• Paxos announced on Dec. 28th that it is the sole issuer of BUSD, a US dollar-backed stablecoin regulated by the New York State Department of Financial Services (NYDFS) on Ethereum. • BUSD is built on Ethereum and pegged to the US dollar, with reserve monies maintained in a bank account wholly segregated in the…