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About The Author
Fleming Airunugba, a Web3/Crypto Content Writer, and Speaker, brings a unique blend of expertise and enthusiasm to the cryptocurrency news space. Since discovering Bitcoin and blockchain technology in 2017, Fleming has dedicated his considerable intellect, curiosity, and persuasive communication skills to educating people about the potential of digital currencies and blockchain technology. His work focuses on crafting compelling content for Web3 brands, aiming to educate their audience, drive engagement, and encourage profitable actions through valuable, relevant, and consistent content.
Fleming has a proven track record of success, having contributed to the growth of numerous Web3 brands. Notably featured on Diversity in Blockchain and other crypto platforms, Fleming’s insights into cryptocurrencies, NFTs, and content marketing have made him a sought-after speaker at various industry events. His passion for the crypto community is matched by his dedication to achieving realistic goals and celebrating milestones with enthusiasm.
Latest Articles by Fleming
Japanese Company Metaplanet Takes $6.8M Loan to Buy Bitcoin
In May, Japanese investment adviser Metaplanet announced plans to adopt bitcoin as a reserve asset to hedge against the yen’s volatility. They secured a $6.8 million loan from MMXX Ventures, a shareholder based in the British Virgin Islands, with the entire amount allocated for purchasing bitcoin. By early July, Metaplanet held 161.3 BTC, valued at …
Japanese Company Metaplanet Takes $6.8M Loan to Buy Bitcoin Read More »
Ethena Labs Launches USDe Stablecoin on Solana Network
USDe, a stablecoin by Ethena Labs, is now available on Solana and integrated with multiple Solana-based DeFi protocols, including Kamino Finance, Orca, and Drift, as announced on August 7. This launch allows users to use Solana (SOL) as collateral for USDe loans, pending approval from Ethena (ENA) token holders. USDe was previously available only on …
Ethena Labs Launches USDe Stablecoin on Solana Network Read More »
Hong Kong’s Mox Bank Now Offers Spot Bitcoin and Ether ETFs
Mox, a Hong Kong-based virtual bank and a subsidiary of Standard Chartered, has launched a crypto exchange-traded fund (ETF) trading service, marking a first in the banking sector. Announced on August 7, Mox offers direct trading of spot Bitcoin and Ether ETFs, with plans to expand into spot trading markets through a licensed exchange partnership. …
Hong Kong’s Mox Bank Now Offers Spot Bitcoin and Ether ETFs Read More »
Ronin Hacker Returns $10M in ETH After Mistaken Front-Run
An MEV bot returned nearly all the 3,996 ETH it drained from the Ronin network bridge, valued at over $10 million, suggesting an accidental front-run of an attack. The Ronin team received 3,991 ETH and rewarded the bot’s owner with $500,000 for identifying the exploit. Announced on social media, the team plans to reopen the …
Ronin Hacker Returns $10M in ETH After Mistaken Front-Run Read More »
Binance Slapped with $86M GST Demand by India
Indian authorities have demanded $86 million in unpaid Goods and Services Tax (GST) from Binance, a prominent crypto exchange. Banned in January 2024 for regulatory noncompliance, Binance plans to resume Indian operations after settling its tax dues. The Directorate General of Goods and Service Tax Intelligence (DGGI) identified that Binance earned approximately 4,000 crore rupees …
Major European Hedge Fund Commits $500M to Bitcoin ETFs
Capula Management, Europe’s fourth-largest hedge fund, has invested nearly $500 million in Bitcoin exchange-traded funds (ETFs), according to an August 5 filing. The UK-based firm, managing over $30 billion in assets, now holds shares in Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin Trust, valued at over $464 million as of June 30. Despite …
Major European Hedge Fund Commits $500M to Bitcoin ETFs Read More »
$1B in Crypto Liquidations as Bitcoin and Ether Prices Plummet
The Crypto Fear Index shifted to “fear” as Ether (ETH) experienced its worst single-day drop since May 2021. Over $1 billion in crypto futures were liquidated, with Ether futures alone seeing $304 million in liquidations. More than 275,000 traders were affected, including a $27 million order on Huobi. Bitcoin (BTC) and Ether prices plummeted, with …
$1B in Crypto Liquidations as Bitcoin and Ether Prices Plummet Read More »
Crypto Community Criticizes WazirX’s Post-Hack Losses Plan
WazirX is grappling with a crisis following a $230 million hack, leading to significant user backlash against its proposed solution. The “socialized losses” or 55/45 approach, which limits users to trading 55% of their assets while converting the remaining 45% into Tether (USDT) or other tokens and locking them on the platform, has been heavily …
Crypto Community Criticizes WazirX’s Post-Hack Losses Plan Read More »
Hong Kong’s Top Broker Futu Offers Bitcoin, Ether Trading with Alibaba, Nvidia Rewards
Hong Kong-based Futu Securities International has launched trading services for bitcoin (BTC) and ether (ETH), partnering with HashKey Exchange. To attract new clients, Futu is offering Alibaba Group (BABA) and Nvidia (NVDA) shares as rewards for opening accounts and depositing specific amounts. New investors in August who deposit HK$10,000 (~$1,280) can choose between bitcoin worth …
Hong Kong’s Top Broker Futu Offers Bitcoin, Ether Trading with Alibaba, Nvidia Rewards Read More »
Kamala Harris Gains Support from Ex-Uphold CEO in 2024 Race
J.P. Thieriot, former CEO of Uphold, endorses Kamala Harris for U.S. President, aiming to sway the crypto community towards her. Thieriot criticizes Donald Trump’s vague promises to the industry and believes Harris, though needing to earn trust, is open to genuine dialogue on digital assets. Thieriot, still an investor in Uphold and developing a new …
Kamala Harris Gains Support from Ex-Uphold CEO in 2024 Race Read More »
Ripple Pumps $10 Million into OpenEden’s Tokenized T-Bills on XRPL!
Ripple has invested $10 million in OpenEden’s initiative to launch tokenized United States Treasury bills (T-bills) on the XRP Ledger (XRPL). OpenEden’s TBILL tokens are backed by short-term US government T-bills and reverse repurchase agreements, ensuring security and regulatory compliance through KYC and AML screenings. This initiative marks the first instance of a traditional finance …
Ripple Pumps $10 Million into OpenEden’s Tokenized T-Bills on XRPL! Read More »
Sen. Lummis Introduces Game-Changing Bitcoin Reserve Bill
On July 31, 2023, Senator Cynthia Lummis introduced a bill to establish a Bitcoin Strategic Reserve for the United States. The proposal aims to use existing U.S. Treasury funds to purchase 1 million Bitcoin, approximately 5% of its total supply, and store it in secure, decentralized vaults. This move is intended to counter inflation and …
Sen. Lummis Introduces Game-Changing Bitcoin Reserve Bill Read More »
DraftKings Ends NFT Operations Following Legal Ruling
DraftKings has ceased its nonfungible token (NFT) operations due to legal challenges. This decision follows a federal court’s ruling that DraftKings-issued NFTs might be considered securities under the Securities Act and Exchange Act. A class action lawsuit alleged the NFTs were unregistered securities, leading the court to deny DraftKings’ motion to dismiss. Consequently, DraftKings announced the immediate discontinuation of its Reignmakers fantasy sports game and NFT Marketplace. Users can …
DraftKings Ends NFT Operations Following Legal Ruling Read More »
California DMV Goes Digital: 42 Million Car Titles on Avalanche Blockchain
California’s DMV has digitized 42 million car titles on the Avalanche blockchain to enhance vehicle title transfers for 39 million residents. This initiative, facilitated by Web3 consultancy Oxhead Alpha, uses smart contracts for escrow-like management, allowing digital tracking and mobile wallet access for title claims. Andrew Smith of Oxhead Alpha highlighted that this automation meets …
California DMV Goes Digital: 42 Million Car Titles on Avalanche Blockchain Read More »
Polymarket Betting Volume Surpasses $1B Amid US Election Speculation
Crypto betting platform Polymarket has surpassed $1 billion in trading volume, with a significant portion of this activity driven by speculation on the US presidential election. In July alone, Polymarket saw $343 million in betting volume, up from $111 million in June and $63 million in May, according to Dune Analytics. Over $429 million has …
Polymarket Betting Volume Surpasses $1B Amid US Election Speculation Read More »
Massive $340M Outflows Hit Ether ETFs in First Week
In the opening week of Ether ETFs, there were $340 million in net outflows, driven largely by over $1.5 billion exiting Grayscale’s high-fee Ethereum Trust (ETHE). This overshadowed the $1.15 billion inflows into newly launched Ether ETF products from BlackRock, Bitwise, and Fidelity. In contrast, Bitcoin funds saw $1 billion in net inflows in their …
Massive $340M Outflows Hit Ether ETFs in First Week Read More »
University of Wyoming Introduces Bitcoin Research Institute
The University of Wyoming will inaugurate the UW Bitcoin Research Institute in August, aiming to produce “high-quality peer-reviewed” Bitcoin studies. Announced by Bradley Rettler, an Associate Professor and Bitcoin advocate, on July 28, the institute seeks to improve Bitcoin research standards and provide better public information. Rettler criticized the current state of Bitcoin research and …
University of Wyoming Introduces Bitcoin Research Institute Read More »
Kamala Harris Moves to Repair Democratic-Crypto Rift Before 2024 Election
As the 2024 election approaches, Vice President Kamala Harris’s campaign is working to rebuild the Democratic Party’s relationship with the cryptocurrency industry. Her advisers have reached out to major crypto firms like Coinbase, Circle, and Ripple Labs to foster a more positive dialogue and develop a regulatory framework conducive to industry growth. This effort follows …
Kamala Harris Moves to Repair Democratic-Crypto Rift Before 2024 Election Read More »
Gasless Fees Now Possible with TON’s W5 Smart Wallet
The W5 smart wallet, launched by the TON Core team in collaboration with Tonkeeper, introduces gasless transactions on The Open Network (TON) blockchain. This new standard allows users to use Tether (USDT) for gas fees for USDT transfers and Notcoin for Notcoin transfers, eliminating the need for Toncoin. The W5 smart wallet aims to enhance …
Gasless Fees Now Possible with TON’s W5 Smart Wallet Read More »
Ethereum Foundation Wallet Transfers $290M in ETH After Seven Years
A previously inactive wallet, potentially linked to the Ethereum Foundation, has transferred about $290 million in Ether after seven years of dormancy. Blockchain analytics platform Arkham Intelligence reported that on July 25, an address likely associated with the Ethereum Foundation moved approximately 92,500 Ether. Etherscan data confirms that the transferred funds had not been moved …
Ethereum Foundation Wallet Transfers $290M in ETH After Seven Years Read More »
Riot Platform Acquires Block Mining in Kentucky for $93M, Boosting Hashrate
Riot Platforms, a leading Bitcoin mining company, has acquired Block Mining in Kentucky for $92.5 million, comprising $18.5 million in cash and $74 million in stock. The deal, announced on July 24, includes potential additional payments up to $32.5 million based on performance through 2025. This acquisition will immediately boost Riot’s self-mining hashrate by one …
Riot Platform Acquires Block Mining in Kentucky for $93M, Boosting Hashrate Read More »
Security Alert: MonoSwap Hacked, Users Urged to Withdraw Funds
On July 24, 2024, MonoSwap, a decentralized exchange and staking platform, announced it had been hacked. Users were urged to withdraw their funds immediately and avoid depositing new funds or interacting with the platform. The hack occurred on July 23, 2024, when a MonoSwap developer accidentally installed a phishing application, giving scammers access to the …
Security Alert: MonoSwap Hacked, Users Urged to Withdraw Funds Read More »
Coinbase Seeks Court Order for Gensler’s SEC Emails
Coinbase has filed a motion to compel the U.S. Securities and Exchange Commission (SEC) to produce private emails of its Chair, Gary Gensler, in an ongoing legal dispute. The filing, dated July 23, seeks Gensler’s communications from 2021 onwards, narrowing the scope from its initial request. This request follows resistance from the SEC and Judge …
Coinbase Seeks Court Order for Gensler’s SEC Emails Read More »
DeFi Giant dYdX Considers Selling Its Derivatives Trading Software
dYdX, a decentralized exchange, is reportedly considering selling its v3 derivatives trading technology. Potential buyers include Wintermute Trading, an algorithmic trading firm, and Selini Capital, a digital assets investment firm. The protocol’s v3 was compromised on July 23, leading dYdX to warn users against accessing its site. The exchange clarified that any sale would require …
DeFi Giant dYdX Considers Selling Its Derivatives Trading Software Read More »
Expert Warns of Crypto Theft via Fake Zoom Links
Crypto scammers have devised a sophisticated scheme using fake Zoom links to steal funds from unsuspecting victims. Cybersecurity engineer “NFT_Dreww” warned users on July 22 about a new scam involving malicious links mimicking the Zoom platform. Scammers target NFT holders and crypto investors by inviting them to meetings via a deceptive Zoom link. When clicked, …
Expert Warns of Crypto Theft via Fake Zoom Links Read More »
Swan Bitcoin Halts IPO Plans, Cuts Jobs, and Ends Mining Operations
Swan Bitcoin has canceled its IPO plans, reduced its workforce, and shut down its managed mining unit. CEO Cory Klippsten announced these changes via social media, citing the lack of significant near-term revenue from the mining unit as the reason for pulling back on the IPO. The company will continue offering bitcoin financial services and …
Swan Bitcoin Halts IPO Plans, Cuts Jobs, and Ends Mining Operations Read More »
Metaplanet Completes $1.2M Bitcoin Buy, Reaches Investment Target
Japanese investment and consulting firm Metaplanet has completed its 1 billion yen ($6.26 million) Bitcoin acquisition plan by purchasing 20.38 BTC for around $1.2 million. This final purchase, announced on July 22, brings the company’s total Bitcoin holdings to 245.99 BTC, valued at $16.5 million. Metaplanet’s stock price surged 810% since its initial Bitcoin investment on April …
Metaplanet Completes $1.2M Bitcoin Buy, Reaches Investment Target Read More »
WazirX Suspends Trading Amid Cyberattack, Initiates Bounty for Asset Recovery
WazirX, a leading Indian cryptocurrency exchange, paused trading after a cyberattack stole $235 million. In response, WazirX launched a bounty program to incentivize experts and the community to help recover the stolen assets. The exchange contacted over 500 exchanges to block addresses linked to the theft and is working with law enforcement and forensic experts. …
WazirX Suspends Trading Amid Cyberattack, Initiates Bounty for Asset Recovery Read More »
Tornado Cash Deposits Hit $1.9B in 2024 Despite Sanctions
Tornado Cash, an OFAC-sanctioned crypto mixer, saw a surprising $1.9 billion surge in deposits in the first half of 2024, a 50% increase from 2023, despite ongoing sanctions and legal issues for its founders. The service remains popular among hacking groups, with significant funds from various exploits being funneled through it. Sanctions label anyone interacting …
Tornado Cash Deposits Hit $1.9B in 2024 Despite Sanctions Read More »
Tyler Winklevoss Donates $500K In Bitcoin to Support John Deaton’s Senate Campaign
Tyler Winklevoss, a tech entrepreneur and co-founder of Gemini and Winklevoss Capital, criticized Senator Elizabeth Warren for her regulatory influence over the Biden administration, calling it a “Faustian bargain.” He alleged that President Biden gave Warren significant power over regulatory nominees in exchange for her 2020 campaign endorsement, which Winklevoss claims she used to stifle …
Tyler Winklevoss Donates $500K In Bitcoin to Support John Deaton’s Senate Campaign Read More »
Robinhood Pays $9M to Settle Class-Action ‘Refer-a-Friend’ Lawsuit
Robinhood has settled a class-action lawsuit in Washington for $9 million due to unsolicited text messages sent through its “refer-a-friend” program, which violated state consumer protection laws. U.S. District Judge Barbara Rothstein approved the settlement, which includes $2.2 million in attorney fees, calling it fair given the case’s complexities and risks. The lawsuit, filed on …
Robinhood Pays $9M to Settle Class-Action ‘Refer-a-Friend’ Lawsuit Read More »
Mark Cuban Predicts Bitcoin as Potential Global Reserve Asset
Mark Cuban, an entrepreneur and investor with a net worth of $5.4 billion, speculated that Bitcoin might become a global reserve asset due to geopolitical instability and inflationary pressures. He suggested that support for former President Trump in Silicon Valley could indicate a “Bitcoin play” from the tech sector, as the US faces scrutiny over …
Mark Cuban Predicts Bitcoin as Potential Global Reserve Asset Read More »
New Crypto Scam: Fraudsters Pose as Professors Offering Fake Loans
The Washington State Department of Financial Institutions (DFI) warns of a new crypto scam. Fraudsters pose as business “professors” from fake academies or wealth institutes. The scam begins with a Facebook ad, leading victims to a website with a “Letter from the Professor” or “Letter from the Dean”. Victims are then added to WhatsApp or …
New Crypto Scam: Fraudsters Pose as Professors Offering Fake Loans Read More »
a16z Co-Founders Back Trump Following Vance VP Selection: Report
Marc Andreessen and Ben Horowitz, co-founders of the prominent crypto venture capital firm a16z, have announced plans to significantly support former President Donald Trump’s 2024 presidential campaign. This decision follows Trump’s choice of Ohio Senator J.D. Vance as his vice-presidential running mate. Vance, known for his strong advocacy for the crypto industry, has further bolstered …
a16z Co-Founders Back Trump Following Vance VP Selection: Report Read More »
Mt. Gox’s $9 Billion BTC Move Causes Market Stir
On July 16, Mt. Gox transferred over 140,000 Bitcoin, valued at nearly $9 billion, after a two-week period of inactivity. The transfers involved moving BTC to a known cold wallet and two unknown addresses. Mt. Gox’s main wallet still holds about 138,985 BTC, worth approximately $8.7 billion. The market reacted negatively, with Bitcoin’s price dropping …
Mt. Gox’s $9 Billion BTC Move Causes Market Stir Read More »
Tether Hires Former Chainalysis’ Economist for Enhanced USDT Usage Reporting
Tether has appointed Philip Gradwell, formerly of Chainalysis, as its head of economics to boost transparency in USDT usage. Gradwell will analyze and report USDT data to regulators and stakeholders, focusing on its real-world applications and support for dollar dominance. Gradwell’s role involves engaging with U.S. regulators, where Tether has faced scrutiny, including a 2021 …
Tether Hires Former Chainalysis’ Economist for Enhanced USDT Usage Reporting Read More »
Sydney Court Imposes 5-Year Ban on BitConnect Promoter John Bigatton
John Bigatton has been convicted by the Sydney District Court for providing unlicensed financial advice related to the defunct cryptocurrency exchange BitConnect. He promoted BitConnect through seminars and social media without the necessary financial services license, leading to a five-year ban from managing corporations. This follows an earlier seven-year ban from providing financial services issued …
Sydney Court Imposes 5-Year Ban on BitConnect Promoter John Bigatton Read More »
JP Morgan-Backed Partior Secures $60M in Series B Funding
Partior, a blockchain settlement network supported by JP Morgan, Standard Chartered, and Temasek, has secured $60 million in Series B funding. The round, led by Peak XV Partners, included Valor Capital Group and Jump Trading Group, with continued backing from existing investors. The funding will enhance Partior’s global unified ledger, facilitating real-time, cross-border, multi-currency clearing …
JP Morgan-Backed Partior Secures $60M in Series B Funding Read More »
Portal Unveils ‘PortalPay’ to Simplify Blockchain Gaming Transactions
Portal has introduced PortalPay to enhance blockchain gaming interoperability, enabling users to pay for and cash out in-game assets with any of 5,000 supported digital assets. This service aims to reduce entry barriers for blockchain game players, simplifying the traditionally complex process involving various wallets and chains. By providing an on-chain solution, PortalPay allows developers …
Portal Unveils ‘PortalPay’ to Simplify Blockchain Gaming Transactions Read More »
Judge Considers Coinbase Request for Gensler’s Crypto Messages
A federal judge, Katherine Polk Failla, is overseeing the SEC’s case against Coinbase and has expressed skepticism about allowing Coinbase to access SEC Chair Gary Gensler’s private communications. Coinbase’s lawyers argued for access to Gensler’s personal device communications due to the SEC’s lack of transparency regarding his interactions with market makers. The SEC’s legal team …
Judge Considers Coinbase Request for Gensler’s Crypto Messages Read More »
Trump Set to Make Waves at Nashville Bitcoin Conference
Former President Donald Trump is set to deliver a 30-minute speech at the Bitcoin conference in Nashville, Tennessee, on July 27 at 2 p.m. CT. This announcement follows heightened speculation about his appearance, which was confirmed by the event organizers. Trump has recently shown strong support for Bitcoin and cryptocurrencies, integrating pro-Bitcoin policies into the …
Trump Set to Make Waves at Nashville Bitcoin Conference Read More »
Goldman Sachs to Roll Out Three Exciting New Tokenization Products This Year!
Goldman Sachs is set to launch three new tokenization products in 2024, targeting the U.S. and Europe due to rising client interest in crypto. These products will focus on creating marketplaces for tokenized real-world assets (RWAs), especially in the U.S. fund complex and European debt markets, aimed at financial institutions and using permissioned blockchains. The …
Goldman Sachs to Roll Out Three Exciting New Tokenization Products This Year! Read More »
Ronaldinho Follows Messi in Supporting Solana’s Water Coin
Ronaldinho Gaúcho recently promoted the Solana token Water Coin (WATER) on Instagram, causing a temporary spike of nearly 40% in its price, which has since dropped below its pre-pump level. Ronaldinho’s endorsement followed a similar promotion by Lionel Messi. Despite these celebrity endorsements, WATER is now down 71% from its June 26 all-time high but …
Ronaldinho Follows Messi in Supporting Solana’s Water Coin Read More »
Hut 8 Secures Major Power Deal to Boost Texas Mining Operations
Hut 8, a Bitcoin mining company, has secured a significant deal to expand its operations in West Texas. Announced on July 9, the agreement includes 205 megawatts of power and land, increasing Hut 8’s energy infrastructure to approximately 1.3 gigawatts. The site is adjacent to a wind farm and connected to the Electric Reliability Council …
Hut 8 Secures Major Power Deal to Boost Texas Mining Operations Read More »
Paxful Co-Founder Pleads Guilty to AML Failures, Faces Prison
Artur Schaback, co-founder of Paxful, faces up to five years in prison after pleading guilty to conspiring to neglect Anti-Money Laundering (AML) protocols at the crypto exchange. The U.S. Justice Department announced his sentencing is scheduled for November 4. Schaback has resigned from Paxful’s board and will pay a $5 million fine in installments. The …
Paxful Co-Founder Pleads Guilty to AML Failures, Faces Prison Read More »
Lionel Messi Surprises Fans with Memecoin Endorsement on Instagram!
Lionel Messi recently promoted WaterCoin, a Solana-based memecoin, on his Instagram. WaterCoin aims to address water-related ecological issues and plans to evolve into a charity-focused environmental currency. Its roadmap includes stages like presale, exchange listings, and celebrity partnerships, but it lacks detailed implementation strategies. The token’s price action resembles “pump and dump” schemes, highlighting the …
Lionel Messi Surprises Fans with Memecoin Endorsement on Instagram! Read More »
Metaplanet Buys More Bitcoin: $2.5M Investment Added
Metaplanet, a publicly-listed investment and consulting firm in Japan, has increased its Bitcoin holdings by purchasing an additional 42,466 BTC for 400 million Japanese yen ($2.5 million). This purchase was announced on July 7 via the social media platform X. As a result, Metaplanet now holds a total of 203,734 BTC, acquired at an average …
Metaplanet Buys More Bitcoin: $2.5M Investment Added Read More »
Valora Launches ‘Mobile Stack’ for Enhanced Mobile Web3 Experience
Valora, a peer-to-peer payments company, has launched “Mobile Stack,” a decentralized launchpad for Web3 decentralized applications (DApps) on iOS and Android. This initiative aims to expand Web3’s reach beyond its crypto-native audience by offering a user-friendly platform for mobile-first DApp development. Currently, only 8 out of the top 100 Web3 apps on DappRadar are mobile-native, …
Valora Launches ‘Mobile Stack’ for Enhanced Mobile Web3 Experience Read More »
Coinbase Demands SEC Chair Gensler’s Private Emails for Defense
Coinbase is urging a district court to grant access to private communications of SEC Chair Gary Gensler, deeming them vital for its defense against the SEC’s accusations. Coinbase has been seeking these documents since April, which include Gensler’s discussions on cryptocurrency since 2017. The SEC opposed this request, but Coinbase reiterated on July 3 that …
Coinbase Demands SEC Chair Gensler’s Private Emails for Defense Read More »
Hamster Kombat Hits 239M Users in Just 81 Days, Aims to Onboard Millions to Blockchain
Hamster Kombat, a viral clicker game launched in March 2024, has rapidly gained 239 million users in just 81 days, with 4-5 million new users joining daily. Telegram founder Pavel Durov highlighted this growth and its potential to introduce blockchain technology to a massive audience. Durov announced that Hamster Kombat will soon release a token …
Hamster Kombat Hits 239M Users in Just 81 Days, Aims to Onboard Millions to Blockchain Read More »
South Korea Implements Crypto Transaction Monitoring System
The South Korean Financial Supervisory Service (FSS) has launched a “continuous monitoring system” for suspicious cryptocurrency transactions on exchanges, effective July 19, coinciding with the Virtual Asset User Protection Act. This 2023 legislation aims to regulate unfair trading and safeguard investors. The FSS, in collaboration with major digital asset exchanges, developed the system to monitor …
South Korea Implements Crypto Transaction Monitoring System Read More »
Opera Mini’s MiniPay Now Supports USDT and USDC – Here’s What’s New
Since its September 2023 launch, Opera Mini’s MiniPay app has gained three million users. Opera has enhanced the MiniPay cryptocurrency wallet in its Opera Mini mobile browser by adding support for Tether (USDT) and Circle (USDC) stablecoins. MiniPay, a self-custodial wallet, introduces a feature called Pockets, allowing users to seamlessly swap between the Celo dollar …
Opera Mini’s MiniPay Now Supports USDT and USDC – Here’s What’s New Read More »
Consensys Enhances MetaMask Security with Wallet Guard Acquisition
Consensys, the developer behind the Ethereum-focused MetaMask wallet, announced its acquisition of cryptocurrency security firm Wallet Guard. While the financial details were not disclosed, the Wallet Guard team will join the MetaMask Product Safety Team. This move builds on MetaMask’s previous integration of Blockaid security alerts, enhancing scam detection and transaction validation. Patrick Berarducci, who …
Consensys Enhances MetaMask Security with Wallet Guard Acquisition Read More »
RedStone Oracles Scores $15M from Arrington Capital to Power Growth
RedStone Oracles has secured $15 million in Series A funding from Arrington Capital, along with investments from Spartan, IOSG Ventures, SevenX, Amber, HTX Ventures, and angel investors. Known as the fastest-growing modular oracle, RedStone plans to use the funds to expand its gas fee-optimized price feeds for EVM and RaaS networks. The investment is driven …
RedStone Oracles Scores $15M from Arrington Capital to Power Growth Read More »
Big Win for Crypto: Robinhood Launches in Hawaii and Beyond!
Robinhood has expanded its services to Hawaii, Puerto Rico, and the U.S. Virgin Islands after Hawaii’s Department of Commerce and Consumer Affairs (DCCA) removed the requirement for cryptocurrency services to hold a money transmitter license. This regulatory change, effective June 28, represents a significant win for the crypto industry in one of the most strictly …
Big Win for Crypto: Robinhood Launches in Hawaii and Beyond! Read More »
Bitcoin Miner Northern Data Seeks Massive $16B IPO for US Expansion!
Northern Data AG, a German Bitcoin miner and cloud computing firm, is planning an IPO for its cloud computing and data center units, “Taiga” and “Ardent,” on the Nasdaq in the first half of 2025. The IPO could value these entities at up to $16 billion. The company is consulting advisers, but plans are still …
Bitcoin Miner Northern Data Seeks Massive $16B IPO for US Expansion! Read More »
Circle’s USDC and EURC Lead the Way as First MiCA-Compliant Stablecoins!
Circle has achieved full compliance with the EU’s Markets in Crypto-Assets (MiCA) regulations for its USDC and EURC stablecoins, making it the first stablecoin issuer to secure such approval in the EU. Jeremy Allaire, Circle’s CEO, announced this milestone on July 1 and revealed that Circle has chosen France as its European headquarters due to …
Circle’s USDC and EURC Lead the Way as First MiCA-Compliant Stablecoins! Read More »
Sony’s S.BLOX Rebranding Brings Major Upgrades to WhaleFin
Amber Japan, now rebranded as S.BLOX under Sony Group as of July 1, is enhancing WhaleFin’suser interface and features to reflect Sony’s growing ambitions in the crypto market. The rebranding follows WhaleFin’s acquisition by Quetta Web, a Sony subsidiary, in August 2023. S.BLOX aims to collaborate with various Sony businesses to expand its crypto trading …
Sony’s S.BLOX Rebranding Brings Major Upgrades to WhaleFin Read More »
Spot Ethereum ETF Debut Pushed to Mid-July by SEC
The U.S. Securities and Exchange Commission (SEC) has postponed the launch of spot Ether exchange-traded funds (ETFs) in the United States, which was initially expected as early as July 2. The SEC has requested resubmission of S-1 forms by July 8, delaying the launch to mid-to-late July. Bloomberg analysts Eric Balchunas and James Seyffart noted …
Spot Ethereum ETF Debut Pushed to Mid-July by SEC Read More »
Crypto Ignored in First Biden-Trump Debate
In the June 27, 2024, debate between Joe Biden and Donald Trump, cryptocurrency was notably absent despite significant financial efforts from the crypto industry. The 90-minute CNN-hosted debate covered economic plans, abortion rights, immigration, and foreign policy but did not mention crypto. Crypto lobbyists raised over $202 million and spent nearly $94 million to influence …
CleanSpark Acquires GRIID in $155M All-Stock Deal
CleanSpark, a Bitcoin miner, acquired GRIID Infrastructure in a $155-million all-stock deal announced on June 27. This acquisition includes all of GRIID’s common stock and debts, a $5-million working capital loan, and $50.9 million for immediate obligations. CleanSpark also entered an exclusive hosting agreement for 20 megawatts of power and plans to add over 400 …
CleanSpark Acquires GRIID in $155M All-Stock Deal Read More »
7News YouTube Channel Hacked to Stream Fake Elon Musk Crypto Scam
The YouTube channel of Australian broadcaster 7News was hacked and used to stream a cryptocurrency scam featuring a deep fake of Elon Musk. The scammers rebranded the channel to look like Tesla, with the fake Musk promising to double any crypto sent to a specified address, a common scam tactic. The livestreams attracted around 150,000 …
7News YouTube Channel Hacked to Stream Fake Elon Musk Crypto Scam Read More »
$5M Bounty Announced for OneCoin ‘Cryptoqueen’ by US State Dept
Bulgaria’s Acting Prosecutor General announced that Ruja Ignatova, the founder of the fraudulent cryptocurrency scheme OneCoin, will be charged in absentia. The U.S. Department of State has increased its reward for information leading to her arrest and conviction to $5 million. The FBI, which added Ignatova to its “ten most wanted fugitives” list in June …
$5M Bounty Announced for OneCoin ‘Cryptoqueen’ by US State Dept Read More »
Massive $15B Inflow Expected for Ether Spot ETFs, Says Bitwise
A recent report predicts that ether (ETH) spot ETFs will attract $15 billion in net inflows within the first 18 months of trading in the U.S., according to Bitwise CIO Matt Hougan. This estimation considers the market caps of bitcoin (BTC) and ether, with bitcoin currently holding 74% of their combined value. U.S. investors have …
Massive $15B Inflow Expected for Ether Spot ETFs, Says Bitwise Read More »
Exposed: Delio CEO Admits User Deposits Were Not Guaranteed
Jung Sang-ho, CEO of South Korean crypto platform Delio, confirmed in court on June 25 that investors’ deposits were not guaranteed. He emphasized that this was clear in the platform’s terms and conditions, as required by the Korea Financial Intelligence Unit (FIU). Despite creditors’ and prosecution arguments for principal protection, Jung’s legal team refuted these …
Exposed: Delio CEO Admits User Deposits Were Not Guaranteed Read More »
CoreWeave’s Massive $1.225 Billion Deal Expands Core Scientific Capacity
Core Scientific is enhancing its mining facilities to seize new opportunities, bolstered by a strengthened partnership with CoreWeave. CoreWeave has increased its GPU infrastructure commitment by $1.225 billion, expanding the agreement to a total of $4.725 billion over 12 years. This deal will see Core Scientific upgrade its Austin, Texas facilities with an additional 70 …
CoreWeave’s Massive $1.225 Billion Deal Expands Core Scientific Capacity Read More »
Mark Cuban’s Wallet Sells NFTs After Two-Year Inactivity
Mark Cuban’s crypto wallet, inactive for nearly two years, resumed activity on June 23, selling various NFTs. The collection included EulerBeats Genesis, DeepBlack NFTs, Pudgy Penguins, and Wrapped MoonCats. The last sale from this wallet was in January 2022. Over two days, Cuban sold 14 NFTs worth about $38,533, with the highest sale being a …
Mark Cuban’s Wallet Sells NFTs After Two-Year Inactivity Read More »
Biden’s Crypto Policy Brain Returns: What’s Next?
Carole House, a key figure behind President Biden’s executive order on digital assets, is returning to government service as a special adviser for cybersecurity and critical infrastructure policy at the White House National Security Council. Previously, she was the National Security Council’s director of cybersecurity and secure digital innovation from April 2021 to June 2022, …
Biden’s Crypto Policy Brain Returns: What’s Next? Read More »
Mt. Gox to Repay Bitcoin and Bitcoin Cash to Creditors Starting July
The Mt. Gox cryptocurrency exchange, which lost 850,000 Bitcoin in 2014, will begin repaying its former users in July 2024. The rehabilitation trustee has announced that repayments will be made in Bitcoin and Bitcoin Cash, starting with exchanges that have completed the necessary information exchange and confirmations. The trustee has requested patience from users, as …
Mt. Gox to Repay Bitcoin and Bitcoin Cash to Creditors Starting July Read More »
Michael Dell’s Message on X Triggers Bitcoin Investment Buzz
Michael Dell, founder and CEO of Dell Technologies, has hinted at a potential investment in Bitcoin through a cryptic tweet saying “Scarcity creates value,” a phrase commonly associated with Bitcoin’s limited supply. This follows his recent cash out of $2.1 billion from his company’s stock holdings. Dell’s tweet garnered attention from Bitcoin advocate Michael Saylor, …
Michael Dell’s Message on X Triggers Bitcoin Investment Buzz Read More »
Aussie Jailed for Two Years Over Fake ID Crypto Scam
An Australian man received a two-year prison sentence for using fake IDs to create online cryptocurrency accounts. The Melbourne County Court sentenced the 31-year-old following an international investigation into a website selling fraud-enabling technology, linked to over $670,000 in theft. The Australian Federal Police (AFP) launched Operation Stonefish in August 2022 after UK authorities discovered …
Aussie Jailed for Two Years Over Fake ID Crypto Scam Read More »
Winklevoss Brothers Bet Big on Trump with $2M Bitcoin Pledge
The Winklevoss twins, founders of Gemini, have each pledged $1 million in Bitcoin to support former President Donald Trump’s reelection campaign. They announced their support on June 20, emphasizing Trump as the “pro-Bitcoin” and “pro-crypto” candidate while criticizing President Joe Biden for his administration’s anti-crypto stance. Tyler Winklevoss labeled anyone disputing Trump’s pro-crypto position as …
Winklevoss Brothers Bet Big on Trump with $2M Bitcoin Pledge Read More »
India’s Financial Watchdog Slaps Binance with $2.25M Penalty
India’s Financial Intelligence Unit (FIU) has fined Binance 188.2 million rupees ($2.25 million) for failing to comply with the country’s Anti-Money Laundering (AML) regulations. The fine follows a review of submissions from Binance’s director and company records, highlighting multiple violations of the Prevention of Money Laundering Act (PMLA), 2002. These violations include not maintaining and …
India’s Financial Watchdog Slaps Binance with $2.25M Penalty Read More »
CertiK Admits Role in Kraken Exploit, Plans to Return $3 Million
CertiK, a blockchain security firm, has identified itself as the party involved in a recent controversy with cryptocurrency exchange Kraken. CertiK announced it would return the $3 million in digital assets obtained during a security exploit of Kraken’s systems. However, Kraken accused CertiK of extortion, claiming CertiK demanded a speculative amount as a reward for …
CertiK Admits Role in Kraken Exploit, Plans to Return $3 Million Read More »
Abu Dhabi Grants License to Nomura’s Laser Digital
Nomura’s cryptocurrency division, Laser Digital, has secured a broker license in Abu Dhabi, allowing it to manage both traditional and digital assets. The Financial Services Regulatory Authority of Abu Dhabi granted Laser Digital a Financial Services Permission (FSP) license, completing its full licensing process with the Abu Dhabi Global Market (ADGM). CEO Jez Mohideen highlighted …
Abu Dhabi Grants License to Nomura’s Laser Digital Read More »
dYdX Just Got Better: Isolated Margin, Markets, and Raydium Included in New Update
dYdX has launched version 5.0.0 of its protocol, introducing isolated margin, isolated markets, and support for Raydium Markets. This upgrade includes a new Android app for mobile trading. The isolated margin feature allows traders to assign collateral to specific trades, reducing the risk associated with collateral exposure across multiple trades. This change enhances trader options …
dYdX Just Got Better: Isolated Margin, Markets, and Raydium Included in New Update Read More »
Trump Token Whale Exits with $3.7M Amid Falling Prices
A large holder, or “whale,” of the Maga (TRUMP) memecoin made a $3.7 million profit by selling 171,000 Trump tokens, worth 414 Ether (ETH) valued at $1.44 million, during a market downturn. Despite the sell-off, 28% of his wallet remains in Trump tokens valued at $372,000, while his largest holding is BasedAI (BASEDAI) coin, valued …
Trump Token Whale Exits with $3.7M Amid Falling Prices Read More »
Coinbase International Launches Pre-Launch Market Futures Trading
Coinbase International is introducing a new feature that allows users to trade futures on upcoming tokens and coins before they officially launch. This follows similar moves by exchanges like Binance, Bybit, Bitget, and OKX. These pre-launch futures contracts will convert to standard perpetual contracts once the underlying tokens are listed on spot exchanges. The feature …
Coinbase International Launches Pre-Launch Market Futures Trading Read More »
ZkSync Tackles Sybil Issues While Binance Gears Up for ZK Token Airdrop
ZkSync has defended its measures to combat Sybil attacks during the zkSync (ZK) token airdrop set to launch on June 17. In a FAQ document, zkSync explained that while their Sybil filtering aimed to ensure a fair distribution, some Sybil wallets inevitably slipped through due to sophisticated techniques mimicking real users. Their filtering method included value scaling and multipliers to distinguish genuine users …
ZkSync Tackles Sybil Issues While Binance Gears Up for ZK Token Airdrop Read More »
Binance Co-Founder Calls on Elon Musk to Address Crypto Scams on X
Binance co-founder Yi He has criticized Elon Musk’s X.com for not effectively preventing cryptocurrency scams. She highlighted an impersonation scam on the platform, where fake accounts mimicked her handle (@heyibinance) and name, directing users to a fraudulent link that claimed to offer Binance-backed memecoins. Yi He clarified that no such coins exist and warned that …
Binance Co-Founder Calls on Elon Musk to Address Crypto Scams on X Read More »
Bitcoin ETFs Bleed $226M, BlackRock’s IBIT Emerges as Lone Gainer
U.S.-listed Bitcoin ETFs experienced significant outflows, totaling over $226 million on Thursday, marking the third consecutive day of outflows this week. Fidelity’s FBTC saw the largest withdrawal at $106 million, followed by Grayscale’s GBTC with $62 million, and Ark Invest’s ARKB with $53 million. Conversely, BlackRock’s IBIT recorded a net inflow of $18 million. Other …
Bitcoin ETFs Bleed $226M, BlackRock’s IBIT Emerges as Lone Gainer Read More »
Taiwan Forms VASP Association to Support Crypto Self-Regulation
On June 13, 2024, a group of 24 cryptocurrency companies in Taiwan formed the Taiwan Virtual Asset Service Provider (VASP) Association to create self-regulatory standards for the country’s digital asset industry. Titan Cheng of BitoPro is the chair, and Winston Hsiao of XREX is the vice chair. The association aims to work with the government …
Taiwan Forms VASP Association to Support Crypto Self-Regulation Read More »
Paxos Lays Off 20% of Employees to Strengthen Tokenization Strategy
Paxos has laid off 65 employees, which is 20% of its workforce, to shift its focus toward tokenization. CEO Charles Cascarilla reassured employees in an email that Paxos is financially strong. The layoffs aim to position the company for opportunities in tokenization and stablecoins. Despite challenges, including a directive to stop minting Binance’s BUSD in …
Paxos Lays Off 20% of Employees to Strengthen Tokenization Strategy Read More »
Do Kwon, Terraform Labs Agree to $4.5 Billion SEC Settlement
Terraform Labs and former CEO Do Kwon have agreed to a $4.5 billion settlement with the SEC, pending approval from a New York judge. This agreement includes disgorgement, prejudgment interest, and civil penalties. If accepted, it will permanently ban Kwon and Terraform Labs from trading crypto asset securities, including Terra tokens. SEC lawyers have urged …
Do Kwon, Terraform Labs Agree to $4.5 Billion SEC Settlement Read More »
MetaMask Launches Pooled Staking to Lower Entry Barrier for ETH Staking
MetaMask has launched a staking service that allows users to pool their funds and stake their Ether (ETH) with validators operated by Consensys, bypassing the 32 ETH minimum requirement. This service lets users with less ETH contribute and earn staking rewards for securing the Ethereum network. ETH staking is part of Ethereum’s proof-of-stake (PoS) mechanism, …
MetaMask Launches Pooled Staking to Lower Entry Barrier for ETH Staking Read More »
Crypto.com Secures Major Approval in Ireland
The Central Bank of Ireland (CBI) has approved 15 virtual asset service providers (VASPs) as of June 7, 2024, including major firms like Crypto.com, Coinbase, Gemini, and Ripple. On June 11, Crypto.com announced its approval by the CBI, allowing it to offer expanded services in Ireland, such as crypto-to-fiat exchanges and fiat wallets. Crypto.com’s president, …
Australia Implements Bans on Crypto and Credit Card Gambling
Australia has enforced a ban on using cryptocurrencies and credit cards for online gambling to protect citizens from financial harm. Non-compliance with the new rules can lead to fines up to 234,750 Australian dollars ($155,000). The prohibition covers digital wallets and other new forms of credit but excludes online lottery payments. This measure aligns online …
Australia Implements Bans on Crypto and Credit Card Gambling Read More »
Bitfarms Strikes Back with Shareholder Plan Amid Riot Takeover Tensions
Bitfarms has implemented a shareholder rights plan following its Annual General and Special Meeting to counter Riot Platforms’ hostile takeover attempt. This plan, often known as a “poison pill“, allows other shareholders to buy additional shares at a discount if any individual or group acquires 15% of Bitfarms’ shares by September 20 and then increases …
Bitfarms Strikes Back with Shareholder Plan Amid Riot Takeover Tensions Read More »
South Korea Declares Mass-Produced NFTs as Virtual Assets
South Korea’s Financial Services Commission (FSC) has issued new guidelines defining when nonfungible tokens (NFTs) can be considered virtual assets. Mass-produced, divisible NFTs that can be used for payments will be regulated similarly to cryptocurrencies. In contrast, NFTs with little to no value, such as those used for ticketing or digital certificates, will be classified …
South Korea Declares Mass-Produced NFTs as Virtual Assets Read More »
NYSE-backed Bakkt Reportedly Mulling Sale or Company Breakup
Bakkt, a crypto platform established by the parent company of the New York Stock Exchange (NYSE), is considering selling the firm or breaking it into smaller entities, according to insiders. However, maintaining the current structure is also an option. This news comes amid several notable acquisitions in the crypto space, such as Robinhood’s purchase of …
NYSE-backed Bakkt Reportedly Mulling Sale or Company Breakup Read More »
The Sandbox Hits $1B Valuation with $20M Boost, Plans Creator Economy Surge
The Sandbox, a popular metaverse platform operated by Animoca Brands and its subsidiary Bacasable Global Limited, announced that it has added over 330,000 unique creators despite the challenges faced by metaverse projects following the bear market of 2022-23. The company raised $20 million through convertible promissory notes at a $1 billion valuation, with Kingsway Capital …
The Sandbox Hits $1B Valuation with $20M Boost, Plans Creator Economy Surge Read More »
Franklin Templeton Eyes Institutional Altcoin Fund
Asset manager Franklin Templeton is planning to launch a private fund targeting institutional investors, focusing on altcoins beyond Bitcoin and Ether. This new fund will provide access to a variety of altcoins and include staking rewards. The exact altcoins haven’t been specified, but the firm has shown interest in Solana, noting its significant growth in …
Franklin Templeton Eyes Institutional Altcoin Fund Read More »
Nigeria Defies US Pressure, Continues Legal Action Against Binance Executive
The Nigerian Minister of Information, Mohammed Idris, has confirmed that the legal actions against the cryptocurrency exchange Binance and its executive, Tigran Gambaryan, for alleged illicit activities in Nigeria, are progressing as per local legal standards. The accusations involve serious financial crimes, including money laundering and tax evasion. Despite claims by U.S. politicians that the …
Nigeria Defies US Pressure, Continues Legal Action Against Binance Executive Read More »
Paxos Introduces Lift Dollar (USDL), a New Yield-Generating Stablecoin
Paxos has launched a new yield-generating stablecoin called Lift Dollar (USDL), regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and issued in the UAE. The stablecoin offers a programmatic daily yield of around 5%, comparable to returns on U.S. Treasury bonds. USDL is designed to democratize access to dollars …
Paxos Introduces Lift Dollar (USDL), a New Yield-Generating Stablecoin Read More »
Texas’ New Stock Exchange Gets $120M Boost from BlackRock and Citadel
The Texas Stock Exchange (TXSE) has reportedly secured around $120 million in funding and is prioritizing ETF listings. The initiative is backed by BlackRock and Citadel Securities, aiming to offer a more competitive alternative to the NYSE and Nasdaq. TXSE plans to file registration statements with the SEC by the end of 2024, positioning itself …
Texas’ New Stock Exchange Gets $120M Boost from BlackRock and Citadel Read More »
FTX and IRS Settle $24B Dispute with $200M Payment
FTX, the bankrupt cryptocurrency exchange, has reached a preliminary settlement with the IRS, its largest creditor, regarding a tax dispute initially valued at $24 billion. The IRS had originally claimed FTX owed over $44 billion in taxes, but this was later reduced. The settlement, pending court approval of FTX’s reorganization plan, involves FTX paying $200 …
FTX and IRS Settle $24B Dispute with $200M Payment Read More »
Deutsche Bank Joins Forces with Bitpanda for Seamless Crypto Payments
Deutsche Bank has partnered with Bitpanda to provide real-time crypto payments for German traders. This collaboration uses Deutsche Bank’s API-based account solution, giving Bitpanda users access to German IBANs for safe and efficient international fund transfers. All fiat deposits and withdrawals on Bitpanda will now be processed through Deutsche Bank, enhancing liquidity and security for …
Deutsche Bank Joins Forces with Bitpanda for Seamless Crypto Payments Read More »
Binance Exec Says $1M Loss from Hack Isn’t Their Fault
Yi He, co-founder of Binance, has denied claims that a security breach on the platform led to a $1 million loss from a user’s account. She clarified that the user’s computer was hacked, which allowed the hacker to access the account and sell the victim’s coins, causing trading losses. Crypto trader Nakamao reported losing their …
Binance Exec Says $1M Loss from Hack Isn’t Their Fault Read More »
Maple Finance Introduces Institutional Lending Post FTX-Alameda
On May 28, Maple Finance introduced Syrup, a new DeFi protocol designed for secured institutional lending, aiming to provide institutional yield to the DeFi community. Users can deposit USDC and receive syrupUSDC tokens to earn yield. This launch comes after significant challenges from the FTX-Alameda collapse, including severing ties with Orthogonal Trading in December 2022. …
Maple Finance Introduces Institutional Lending Post FTX-Alameda Read More »
American Bankers Association Pushes to Block Biden’s SAB 121 Veto
The American Bankers Association (ABA) expressed strong opposition to President Joe Biden’s veto of the repeal of the Staff Accounting Bulletin (SAB) 121 on May 31. The ABA, the largest lobbying group for the U.S. banking industry, argued that SAB 121, which affects the treatment of custodial digital assets, will harm investors, customers, and the …
American Bankers Association Pushes to Block Biden’s SAB 121 Veto Read More »
Bitcoin Mining Pool Supported by Jack Dorsey Opens in El Salvador
Ocean Mining, a Bitcoin mining pool backed by Twitter (now X) co-founder Jack Dorsey, has announced the opening of its international hub in San Salvador, the capital of El Salvador. This move aims to leverage El Salvador’s Bitcoin-friendly stance to establish a global presence and further decentralization efforts. El Salvador, which adopted Bitcoin as legal …
Bitcoin Mining Pool Supported by Jack Dorsey Opens in El Salvador Read More »
Terraform and Do Kwon Reach Preliminary Settlement with SEC
Do Kwon, the CEO of Terraform Labs, is out on bail in Montenegro, awaiting extradition to the U.S. or South Korea. Terraform Labs and Do Kwon have reached a “settlement in principle” with the SEC over a civil fraud case. A court filing indicated that a May 29 telephone conference took place with all parties’ …
Terraform and Do Kwon Reach Preliminary Settlement with SEC Read More »
Fairshake Super PAC Receives $25M Boost from Andreessen Horowitz
Fairshake, a pro-crypto super PAC in the United States, received significant contributions from Andreessen Horowitz (a16z) and Ripple within two days. On May 30, a16z’s crypto and Web3 venture fund donated $25 million, matching Ripple’s $25 million contribution from the previous day. This brings a16z’s total contributions to $47 million over two years, while Ripple’s …
Fairshake Super PAC Receives $25M Boost from Andreessen Horowitz Read More »
Hospitality Worker Imprisoned for $2.5 Billion Bitcoin Laundering
A hospitality worker named Jian Wen, 42, from North London, was sentenced to six years and eight months in prison on May 24 for money laundering after being found with $2.5 billion in Bitcoin. Wen, who previously lived above a Chinese restaurant, moved to a mansion costing $21,420 a month in 2017, raising suspicions. The …
Hospitality Worker Imprisoned for $2.5 Billion Bitcoin Laundering Read More »
BlackRock Amends S-1, Paving Way for June Ethereum ETF Launch
BlackRock has made significant progress towards launching U.S. spot Ether exchange-traded funds (ETFs) by revising its Form S-1 for the iShares Ethereum Trust (ETHA) with the SEC. This update, filed on May 29, comes nearly a week after the SEC approved BlackRock’s 19b-4 filing, both of which are essential for the ETF to commence trading. …
BlackRock Amends S-1, Paving Way for June Ethereum ETF Launch Read More »
ZKasino Announces 72-Hour ETH Withdrawal Window Deposited by Investors
ZKasino, a blockchain-based gambling project, has initiated a 72-hour refund process to address allegations of a $33 million scam. The process, announced in a May 28 Medium post, allows investors to return their ZKasino (ZKAS) tokens and receive their initial Ether (ETH) investment back at a 1:1 ratio. This refund process requires investors to forfeit …
ZKasino Announces 72-Hour ETH Withdrawal Window Deposited by Investors Read More »
Riot Platforms Offers $950M Buyout for Bitfarms Amid CEO Conflict
Riot Platforms has announced a $950 million buyout offer for Bitfarms after a private proposal made in April was rejected. Riot, already the largest shareholder with a 9.25% stake in Bitfarms, is offering a mix of cash and stock, valuing Bitfarms at a 24% premium over its recent share price. Riot argues that the merger …
Riot Platforms Offers $950M Buyout for Bitfarms Amid CEO Conflict Read More »
Kaiko Analysis: Grayscale’s Ethereum ETF Might Face $110M Daily Losses
Grayscale’s soon-to-launch spot Ether ETF could see daily outflows of $110 million in its first month, similar to the trend observed with the Grayscale Bitcoin Trust (GBTC) upon its conversion to an ETF, according to Kaiko analysts. When GBTC converted, it experienced significant outflows totaling $6.5 billion, representing 23% of its assets under management (AUM) …
Kaiko Analysis: Grayscale’s Ethereum ETF Might Face $110M Daily Losses Read More »
Binance-Linked Gopax Sells Genesis Claims at a Deep Discount
Gopax, a major South Korean cryptocurrency exchange majority-owned by Binance, sold its users’ deposit claims at half their face value in August 2023. This move was in response to its exposure to the collapsed crypto lending firm Genesis Global, resulting in a debt of 70 billion South Korean won ($51.4 million) to its users. Gopax …
Binance-Linked Gopax Sells Genesis Claims at a Deep Discount Read More »
Alarm as Hackers Target Crypto Influencers and Celeb X Accounts
A series of prominent social media accounts, including those of traders, rappers, and Caitlyn Jenner, were recently hacked to promote various cryptocurrencies. Among the compromised was the account of a well-known cryptocurrency investor, Gigantic-Cassocked-Rebirth (GCR), who noted significant price surges in tokens like ORDI and Luna2.0 following the hacks. Despite the potential for much larger …
Alarm as Hackers Target Crypto Influencers and Celeb X Accounts Read More »
Donald Trump Asserts US Should Dominate Crypto Market
Former U.S. President Donald Trump recently expressed strong support for the cryptocurrency industry, emphasizing its importance for the United States. “Our country must be the leader in the field, there is no second place,” Trump stated in a May 25 post on Truth Social, a platform owned by Trump Media and Technology Group (TMTG). He …
Donald Trump Asserts US Should Dominate Crypto Market Read More »
Iconic Doge Meme Dog Kabosu Dies at 17
Kabosu, the Shiba Inu who became the face of Dogecoin and the “Doge” meme, passed away peacefully at 17 on May 24. Her owner, Atsuko Sato, shared the news on her blog, expressing gratitude for the love and support shown to Kabosu over the years. A farewell party for “Kabo-chan” is scheduled for May 26 …
Fantom Introduces Sonic Foundation to Launch Sonic Chain
The Fantom Foundation has announced the formation of the Sonic Foundation to support the launch of their new blockchain, the Sonic chain. On May 23, Fantom Foundation CEO Michael Kong shared the news on the blockchain network’s blog. Kong emphasized that the Sonic chain is designed to enhance various DeFi and real-world applications, including real-world …
Fantom Introduces Sonic Foundation to Launch Sonic Chain Read More »
Nigeria Revamps Blockchain Policy Team with New Specialists
Nigeria’s National Information Technology Development Agency (NITDA) has restructured the National Blockchain Policy Steering Committee (NBPSC) to review and enhance the National Blockchain Policy. The announcement was made by NITDA’s Director-General Kashifu Inuwa during a workshop in Abuja on May 21, 2024. The review aims to keep up with blockchain innovations, expand stakeholder involvement, and …
Nigeria Revamps Blockchain Policy Team with New Specialists Read More »
MetaMask Teases Bitcoin Integration: ‘Stay Tuned’
MetaMask, a popular wallet application, is reportedly working on adding native Bitcoin support. This development aligns with several companies expanding their Bitcoin services. According to sources, the integration might start in June, with additional features rolling out over time. MetaMask did not confirm or deny these plans but hinted at ongoing innovations to improve user …
MetaMask Teases Bitcoin Integration: ‘Stay Tuned’ Read More »
Major Crypto Firms Join Forces to Fight ‘Pig Butchering’ Scams
A group of major crypto exchanges, including Coinbase and Kraken, along with notable companies like Ripple, Gemini, Meta, and Match Group, have formed a coalition named “Tech Against Scams.” This alliance aims to tackle online fraud, particularly focusing on scams known as “pig butchering.” “Pig butchering” is a deceptive scheme where scammers use dating apps …
Major Crypto Firms Join Forces to Fight ‘Pig Butchering’ Scams Read More »
Standard Chartered Anticipates SEC Approval of Spot Ether ETF This Week
Standard Chartered — a financial giant managing over $800 billion in assets — anticipates the United States Securities and Exchange Commission (SEC) will approve spot Ether exchange-traded funds (ETFs) by May 24. The initial deadlines for spot Ether ETFs are fast approaching. The final deadline for the VanEck ETF filing is May 23, followed by …
Standard Chartered Anticipates SEC Approval of Spot Ether ETF This Week Read More »
FDIC’s Anti-Crypto Chair Martin Gruenberg Resigns
Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), will step down following a scathing investigation that revealed a toxic workplace culture at the bank regulator. Gruenberg, who has held the chair position since August 2005, announced on May 20 that he will resign once a successor is confirmed. Until then, he will …
FDIC’s Anti-Crypto Chair Martin Gruenberg Resigns Read More »
Alleged Darknet Narcotics Kingpin and Self-Described Crypto Developer Arrested in New York
U.S. authorities have arrested Rui-Siang Lin, a 23-year-old Taiwanese national, for operating the darknet drug marketplace Incognito Market. Lin, using the alias “Pharoah,” allegedly facilitated over $100 million in cryptocurrency sales of illegal drugs, including fentanyl, from October 2020 to March 2024. He managed all aspects of the operation, including overseeing employees, vendors, and customers. …
Ripple Highlights Math Professor’s Call to Replace Public-Key Cryptosystems
Professor Massimiliano Sala from the University of Trento in Italy recently addressed the future of blockchain technology, focusing on encryption and quantum computing, during Ripple’s ongoing university lecture series. Sala emphasized the potential threat posed by the advancement of quantum computers. He warned that current encryption methods might be easily decipherable by future quantum computers, …
Ripple Highlights Math Professor’s Call to Replace Public-Key Cryptosystems Read More »
Genesis Global Gets Green Light for $3B Payout
Genesis Global, the bankrupt cryptocurrency lender, has received court approval to return approximately $3 billion in cash and cryptocurrency to its creditors, leaving its parent company, Digital Currency Group (DCG), with no recovery from the bankruptcy. On May 17, Judge Sean Lane approved Genesis’s Chapter 11 repayment plan. This decision allows Genesis to unfreeze and …
Pump.fun Accuses Former Employee of $1.9M Exploit
Pump.fun announced that its smart contracts remain secure and that affected users will receive “100% of the liquidity” they previously held within the next 24 hours. Solana memecoin creation platform pump.fun has accused a former employee of exploiting the company for nearly $2 million via a “bonding curve” attack. The ex-employee allegedly used their “privileged …
Pump.fun Accuses Former Employee of $1.9M Exploit Read More »
US Senate Shakes Up Crypto Rules, Overturns SEC Decision
U.S. President Joe Biden has announced his intention to veto a joint resolution aimed at overturning an SEC rule that mandates banks to keep customers’ digital assets on their balance sheets. A significant majority of U.S. Senate lawmakers have passed a resolution calling for the Securities and Exchange Commission (SEC) to revoke a rule impacting …
US Senate Shakes Up Crypto Rules, Overturns SEC Decision Read More »
Millennium Management Reports $2 Billion Investment in Bitcoin ETFs
International hedge fund Millennium Management has disclosed it controls nearly $2 billion in assets through its investment in various spot Bitcoin ETFs. As of the first quarter of 2024, the firm reported holding $1.94 billion spread across five different Bitcoin ETF products, according to its mandatory 13F filing with the U.S. Securities and Exchange Commission. …
Millennium Management Reports $2 Billion Investment in Bitcoin ETFs Read More »
Robinhood Launches SOL Staking in Europe
Robinhood Crypto has chosen Europe as the launchpad for its inaugural staking product, providing European customers with the opportunity to stake Solana (SOL) with an initial 5% yield. This marks the trading platform’s first venture into crypto-staking, aimed exclusively at European clients amid increasing regulatory scrutiny in the United States. On May 15, Robinhood announced …
El Salvador Harvests 474 Bitcoin with Geothermal Energy from Volcanoes
Since 2021, El Salvador has successfully mined 474 Bitcoin, valued at $29 million, by harnessing the geothermal energy of its Tecapa volcano. This initiative uses 300 mining processors, drawing 1.5 megawatts from the 102 MW produced by a state-owned power facility. This venture is a part of the country’s broader strategy to utilize renewable energy …
El Salvador Harvests 474 Bitcoin with Geothermal Energy from Volcanoes Read More »
Israeli Fintech Kima Partners with Mastercard to Create a DeFi Credit Card
Israeli fintech company Kima, in partnership with Mastercard’s FinSec Innovation Lab, has launched an ambitious initiative aimed at integrating decentralized finance (DeFi) tools with traditional financial services like credit cards and banking. Supported by the Israel Innovation Authority, this venture strives to make a DeFi credit card feasible. Kima operates a unique peer-to-peer payment and …
Israeli Fintech Kima Partners with Mastercard to Create a DeFi Credit Card Read More »
Biden Directs Removal of Chinese Crypto Mining Operation Near Missile Site
President Joe Biden has implemented a directive to halt operations of a crypto mining company linked to China, situated near a Wyoming nuclear missile site. Announced on May 13 by the White House, this directive targets MineOne Cloud Computing Investment, ordering the divestment of land operated as a crypto mining facility near the Francis E. …
Biden Directs Removal of Chinese Crypto Mining Operation Near Missile Site Read More »
OKX Launches Regulated Entity in Australia
Twelve months after announcing plans to expand in Australia, OKX, a leading crypto exchange, has launched a locally regulated entity aimed at enhancing its services across the Asia-Pacific. This strategic move underlines OKX’s commitment to providing Australian users with a robust, easy-to-use platform that meets their specific needs, including streamlined access to banking interfaces and …
El Salvador Debuts Website to Monitor $360 Million Bitcoin Treasury
El Salvador has launched a new website designed to provide transparency and real-time monitoring of its Bitcoin reserves. This development follows El Salvador’s pioneering decision to adopt Bitcoin as legal tender in September 2021, making it the first country to do so. The website, which leverages proof-of-reserve and other on-chain data, enables both the government …
El Salvador Debuts Website to Monitor $360 Million Bitcoin Treasury Read More »
Cardano Founder Claims President Joe Biden Aims to ‘Kill Crypto’
Charles Hoskinson, founder of Cardano, has expressed strong criticism towards President Joe Biden, accusing him of actively working to dismantle the cryptocurrency industry in the United States. In a video released on May 9, Hoskinson voiced his concerns, claiming the Biden administration’s actions were deliberately aimed at crippling the sector. Hoskinson highlighted multiple actions by …
Cardano Founder Claims President Joe Biden Aims to ‘Kill Crypto’ Read More »
FINTRAC Imposes $4.4M Penalty on Binance Over Regulatory Violations
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has levied a significant $4.4 million fine on Binance, the global cryptocurrency exchange, for not complying with necessary regulatory standards. The fine was imposed for Binance’s failure to register as a foreign money services business and for not reporting digital currency transactions over $10,000. In …
FINTRAC Imposes $4.4M Penalty on Binance Over Regulatory Violations Read More »
Exodus’ Stock Listing on NYSE American Delayed Due to SEC Review
Exodus Movement, a prominent crypto wallet company, was scheduled to begin trading on the NYSE American this Thursday, but the event has been postponed, according to a recent announcement by the company. This delay stems from a review by the U.S. Securities and Exchange Commission (SEC) of Exodus’ registration statement, despite the company’s declaration that …
Exodus’ Stock Listing on NYSE American Delayed Due to SEC Review Read More »
Trump to Hold Exclusive Dinner with His ‘Mugshot’ NFT Collection Buyers
In an intriguing blend of politics, cryptocurrency, and personal branding, Donald Trump has announced a unique dining experience for buyers of his “Mugshot” NFT collection. Those who invested a minimum of $4,653 in the digital assets will have the chance to meet the former president at a private dinner in Florida on May 8. This …
Trump to Hold Exclusive Dinner with His ‘Mugshot’ NFT Collection Buyers Read More »
Hong Kong Bitcoin and Ether ETFs to Receive Liquidity Support from Wintermute
Wintermute, a leading crypto trading firm, has announced its role as a liquidity provider for the recently launched spot Bitcoin and Ether ETFs in Hong Kong. The London-based firm aims to increase its influence in the Asian market through this new partnership. The ETFs, which are listed in Hong Kong, will be supported by Wintermute in collaboration with OSL Digital Securities and HashKey HK Exchange. These platforms act …
Hong Kong Bitcoin and Ether ETFs to Receive Liquidity Support from Wintermute Read More »
Ex-NFL Star Rob Gronkowski Agrees to $1.9M Settlement in Cryptocurrency Investor Lawsuit
In a significant development in the cryptocurrency legal landscape, former NFL tight end Rob Gronkowski has agreed to pay $1.9 million to settle allegations made by former customers of Voyager Digital, a cryptocurrency lending firm that went bankrupt. This settlement is pending approval from the court handling the civil lawsuit. The funds will be contributed …
Ex-NFL Star Rob Gronkowski Agrees to $1.9M Settlement in Cryptocurrency Investor Lawsuit Read More »
Revolut Rolls Out Dedicated Crypto Exchange for UK Market
Revolut recently announced the launch of Revolut X, a new cryptocurrency trading platform specifically tailored for U.K. retail users. This move marks a significant step in the fintech company’s strategy, particularly targeting U.K. residents with competitive features designed to attract seasoned crypto traders. Revolut X was officially launced on May 7. It differentiates itself from …
Revolut Rolls Out Dedicated Crypto Exchange for UK Market Read More »
Bundesbank’s President Joachim Nagel Urges Central Banks to Embrace CBDCs
In a decisive call to action at the BIS Innovation Summit, Joachim Nagel, president of the Bundesbank and a key member of the European Central Bank (ECB), emphasized the critical need for central banks to overhaul their existing business models and rapidly incorporate central bank digital currencies (CBDCs). This shift, he argued, is crucial for …
Bundesbank’s President Joachim Nagel Urges Central Banks to Embrace CBDCs Read More »
Crypto Ventures on a Roll: $1 Billion Funding Streak Continues
For the first time since late 2022, the cryptocurrency venture capital funding has once again topped $1 billion for two consecutive months. In April, the industry witnessed $1.02 billion in investments distributed across 161 funding rounds. This followed a slightly higher amount of $1.09 billion raised in March through 186 rounds, as reported by RootData. April’s key investments include a notable $47 million round led by BlackRock into Securitize, …
Crypto Ventures on a Roll: $1 Billion Funding Streak Continues Read More »
Coinbase in Hot Water Again: What’s Behind the New Investor Lawsuit?
Coinbase, along with its CEO Brian Armstrong, is now embroiled in a class-action lawsuit. The suit accuses the crypto exchange of misleading investors by selling them what are alleged to be securities, suggesting a breach of state securities laws since its inception. Filed in the United States District Court for the Northern District of California, San Francisco Division, the lawsuit represents …
Coinbase in Hot Water Again: What’s Behind the New Investor Lawsuit? Read More »
Terraform Argues SEC Lacks Evidence for $4.7 Billion Disgorgement Claim
As Terraform Labs and its co-founder Do Kwon prepare for a critical hearing on May 22, the firm is contesting the U.S. Securities and Exchange Commission’s (SEC) staggering $5.3 billion claim for disgorgement, interest, and civil penalties. This legal battle follows a jury verdict that found both the company and Kwon guilty of fraud. In …
Terraform Argues SEC Lacks Evidence for $4.7 Billion Disgorgement Claim Read More »
Tether Partners with Chainalysis for Transaction Monitoring Amid Growing Regulatory Scrutiny
As regulatory scrutiny intensifies, Tether has strategically partnered with blockchain analytics firm Chainalysis to enhance its transaction monitoring capabilities. This collaboration aims to fortify Tether’s surveillance of the secondary market for its stablecoin, ensuring compliance and transparency. Chainalysis will equip Tether with advanced tools designed to detect and analyze sanctioned and illicit activities, providing crucial market insights. Among the newly introduced tools are …
U.S. Authorities Investigate Block, Inc. for Financial Transactions
U.S. federal prosecutors are currently investigating the fintech company Block, Inc., led by Jack Dorsey, following claims by a whistleblower who alleged serious compliance issues within the company’s operations. According to reports, the whistleblower has provided documents to prosecutors from the Southern District of New York showing that the company’s subsidiaries, Square and Cash App, have processed transactions for users in sanctioned countries and for terrorist groups. The whistleblower, a former employee …
U.S. Authorities Investigate Block, Inc. for Financial Transactions Read More »
Riot Platforms Achieves Record Net Income of $211M in Q1
In a significant financial milestone, Riot Platforms, a prominent Bitcoin mining company, has announced a record-breaking net income of $211.8 million for the first quarter of 2024. This figure represents a staggering 1,000% increase from the same period last year. Despite this achievement, the company fell short of revenue expectations, with total revenue reaching only $79.3 million—14% below the forecasts made by research firm Zacks. A key driver of …
Riot Platforms Achieves Record Net Income of $211M in Q1 Read More »
Coinbase Adopts Lightning Network for Faster Bitcoin Transactions
Coinbase, the world’s largest Bitcoin exchange, has recently introduced instant transfer capabilities through the integration of the layer-2 Lightning Network. This enhancement allows users to choose between the traditional Bitcoin network and the swifter Lightning Network for their transactions. Coinbase now offers support for the Bitcoin Lightning Network, enabling a more efficient option for users transacting in Bitcoin. With the …
Coinbase Adopts Lightning Network for Faster Bitcoin Transactions Read More »
Congressman McHenry Accuses SEC Chief of Misleading Remarks on Ethereum
The chair of the House Financial Services Committee, Rep. Patrick McHenry, has openly criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler for allegedly misleading Congress regarding the classification of Ethereum (ETH) as a security. This accusation comes amidst ongoing legal scrutiny over how digital assets like ETH are treated under U.S. law. During a recent congressional hearing, McHenry pointed out that the SEC was …
Congressman McHenry Accuses SEC Chief of Misleading Remarks on Ethereum Read More »
Hong Kong ETFs Hit the Market! Why They’re Not Worried About US ETH Drama
In Hong Kong, the trading of exchange-traded funds (ETFs) started off with a sense of assurance despite the ongoing regulatory uncertainties in the United States, where there’s a possibility of Ether being classified as a security. During a press conference on April 29, just before the introduction of the world’s first spot crypto ETFs in Hong Kong, notable figures from the digital asset management sector shared …
Hong Kong ETFs Hit the Market! Why They’re Not Worried About US ETH Drama Read More »
Judge Approves $450 Million Settlement Between FTX and Voyager
A recent court decision has authorized a substantial settlement agreement involving two major entities in the cryptocurrency sector, defunct exchange FTX and bankrupt firm Voyager Digital. On April 29, in the District of Delaware’s United States Bankruptcy Court, Judge John Dorsey signed off on a $450-million settlement deal. This agreement allows Voyager Digital to resolve all claims against FTX, integral to …
Judge Approves $450 Million Settlement Between FTX and Voyager Read More »
Get Ready: Australian Securities Exchange (ASX) May Set to Approve Spot Bitcoin ETFs This Year!
Australia could see $3-4 billion inflows into spot bitcoin ETFs over three years. Australia’s largest stock exchange, the Australian Securities Exchange (ASX), is poised to approve several spot Bitcoin exchange-traded funds (ETFs) by the end of 2024. This move follows successful launches in the United States and Hong Kong, setting the stage for local fund issuers like VanEck Australia and BetaShares to receive approvals by year’s end, …
Closure of Republic First Bank by US Regulators Sparks Reactions in Crypto Community
The Federal Deposit Insurance Corporation (FDIC) has announced the closure of Philadelphia-based Republic First Bank, marking the first banking failure in the United States for the year 2024. This event has ignited a series of discussions and reactions within the cryptocurrency community, especially as several cryptocurrency prices, including Bitcoin and Ether, saw a downturn following the announcement. The Pennsylvania Department of Banking and Securities seized Republic First Bank on …
Closure of Republic First Bank by US Regulators Sparks Reactions in Crypto Community Read More »
U.S. Lawmakers Address Cryptocurrency’s Role in Child Abuse Trade
Senators Elizabeth Warren and Bill Cassidy are spearheading an initiative to assess the technical capabilities of federal agencies in tracking cryptocurrency payments associated with the sale of child abuse material. This move is part of a broader effort to clamp down on the trade of child sexual abuse material (CSAM) using digital currencies. The focus is on ensuring that agencies like the Department of Justice (DOJ) and …
U.S. Lawmakers Address Cryptocurrency’s Role in Child Abuse Trade Read More »
Square Shakes Up Crypto Scene: Merchants Can Now Convert Sales to Bitcoin via Cash App!
Square’s new initiative allows merchants to convert a portion of their daily sales into Bitcoin, offering a seamless integration with Cash App for on-demand payouts. This feature is currently available to qualified merchants across the U.S., who can convert between 1% and 10% of their daily sales into Bitcoin. The conversion process collects fiat funds throughout the day, converting them to Bitcoin at day’s end …
Square Shakes Up Crypto Scene: Merchants Can Now Convert Sales to Bitcoin via Cash App! Read More »
Why Biden’s Proposed 44.6% Capital Gains Tax Might Not Matter
President Biden’s plan to introduce a federal capital gains tax of 44.6% seems unlikely to impact the majority of cryptocurrency enthusiasts, say experts in the field of crypto taxation. In what has become the highest proposed rate in U.S. history, Biden’s move aims to target the affluent, yet it’s expected to have minimal effect on average crypto investors. The notable rate was detailed in a March …
Why Biden’s Proposed 44.6% Capital Gains Tax Might Not Matter Read More »
Samourai Wallet Executives Face Arrest Over Money Laundering Allegations
Federal prosecutors have charged Keonne Rodriguez and William Lonergan Hill, founders of Samourai Wallet, with money laundering conspiracy. The charges were announced on Wednesday, highlighting the U.S. government’s ongoing efforts to tackle the use of crypto mixing tools by potentially illicit actors and foreign entities to obscure financial transactions. A statement released by the authorities detailed that Rodriguez and Hill …
Samourai Wallet Executives Face Arrest Over Money Laundering Allegations Read More »
El Salvador’s Bitcoin Wallet Compromised, Hackers Leak Code
Following the significant data breach involving the user database of Chivo in early April, the hacker group CiberInteligenciaSV has now escalated its activities by releasing the wallet’s code. In a continuing development around El Salvador’s government-run Bitcoin wallet, Chivo, further sensitive details have been exposed by hackers. On April 23, the hacker group CiberInteligenciaSV shared portions of the source code on the …
El Salvador’s Bitcoin Wallet Compromised, Hackers Leak Code Read More »
Fidelity’s Bitcoin ETF Hits Jackpot with $40M from Advisers in One Go!
In a significant move signaling growing confidence among traditional financial advisers in cryptocurrency, the Fidelity Wise Origin Bitcoin Fund (FBTC) has recently garnered $40 million from two major U.S. financial advisory firms. Legacy Wealth Management and United Capital Management of Kansas, notable for their substantial assets under management, have each invested $20 million into FBTC, establishing themselves as leading stakeholders in the fund. This substantial investment marks …
Fidelity’s Bitcoin ETF Hits Jackpot with $40M from Advisers in One Go! Read More »
Binance Faces Legal Challenge in Canada Over Alleged Securities Law Breaches
Cryptocurrency exchange Binance is facing a class-action lawsuit in Canada, where plaintiffs claim the company breached local securities regulations. The lawsuit, initiated by Christopher Lochan and Jeremy Leeder, accuses Binance of offering crypto derivatives products to retail investors without the necessary registrations, in violation of the Ontario Securities Act and federal laws. This action was formalized with a certification motion filed on April 19 in Ontario’s Superior Court …
Binance Faces Legal Challenge in Canada Over Alleged Securities Law Breaches Read More »
Biden Urges Congress to Shut Down U.S. Bitcoin Mining Sector
The United States has adopted a notably strict stance on cryptocurrency regulations, evidenced by the green-lighting of Bitcoin ETFs alongside harsh measures. One such measure particularly impacts the Bitcoin mining industry, an integral sector since Bitcoin’s early days. Despite operating with comparatively cleaner energy than many nations, the federal approach could potentially dismantle this sector. …
Biden Urges Congress to Shut Down U.S. Bitcoin Mining Sector Read More »
Breaking: Missing Binance Exec Found in Kenya—What’s Next?
Nadeem Anjarwalla, a former Binance executive who evaded capture in Nigeria last March, could potentially be extradited back to Nigeria within a week, according to a report by a local media outlet that quoted anonymous government sources. Nigeria is pressing for the extradition of Anjarwalla, who fled to Kenya after escaping Nigerian custody. Multiple local media sources have confirmed that Anjarwalla has been located in Kenya …
Breaking: Missing Binance Exec Found in Kenya—What’s Next? Read More »
Legal Twist: XRP Lawyer Wants a Voice in Coinbase Customer Case!
Pro-XRP lawyer John Deaton is taking a significant step to support Coinbase customers amid the company’s legal struggle with the U.S. Securities and Exchange Commission (SEC). Deaton has filed a request to serve as amicus curiae, or a friend of the court, on behalf of 4,701 Coinbase users, aiming to protect their rights in the ongoing lawsuit. This legal action follows …
Legal Twist: XRP Lawyer Wants a Voice in Coinbase Customer Case! Read More »
Binance Exec Stays in Jail: Bail Appeal Rejected Again!
In a recent development at the Federal High Court in Abuja, the bail application hearing for Binance executive Tigran Gambaryan was postponed once more, leaving him in custody at the Kuje correctional facility. Originally scheduled for April 18, the hearing has now been moved to April 22, as reported by Nairametrics. The hearing’s delay follows an earlier adjournment to the …
Binance Exec Stays in Jail: Bail Appeal Rejected Again! Read More »
Big Moves: Kraken Acquires TradeStation Crypto to Dominate U.S. Market
Kraken has recently completed the acquisition of TradeStation Crypto, enhancing its regulatory licensing scope and expanding its market presence across the United States. This move was not previously disclosed to the public. TradeStation Crypto, a division of the online brokerage TradeStation, has, over the past few years, acquired various regulatory licenses, including money transmitter licenses, across most U.S. states. These acquisitions have strategically …
Big Moves: Kraken Acquires TradeStation Crypto to Dominate U.S. Market Read More »
Binance Eyes Indian Market Return, Might Pay $2M Fine
Binance, a major player in the cryptocurrency exchange market, may soon make a return to India. This comes after a challenging period that saw the exchange ousted from the Apple Store in India, following compliance issues highlighted by India’s Financial Intelligence Unit (FIU). The FIU had issued show cause notices to Binance and several other exchanges earlier this year. According to a recent report from the Economic …
Binance Eyes Indian Market Return, Might Pay $2M Fine Read More »
Everyone’s Googling It: Bitcoin Halving Hits Peak Popularity!
Excitement is mounting as the next Bitcoin halving draws near, evidenced by a significant surge in Google searches for the term. This spike in curiosity has set a new record, surpassing interest levels seen during the previous event in 2020. According to Google Trends, the search term “Bitcoin halving” has already achieved a score of 45. Forecasts suggest this number could …
Everyone’s Googling It: Bitcoin Halving Hits Peak Popularity! Read More »
Telegram Founder Suggests Crypto-Based Devices Could Evade Government Surveillance
Pavel Durov, the visionary behind the secure messaging platform Telegram, recently articulated concerns over global trends in privacy erosion, facilitated by increasing governmental intrusion. In an interview with Tucker Carlson on April 17, Durov reflected on his experiences and observations, pointing out a relentless progression toward less privacy underpinned by governments leveraging advanced technology. Durov argues that this pervasive atmosphere is …
Telegram Founder Suggests Crypto-Based Devices Could Evade Government Surveillance Read More »
Bybit Predicts Bitcoin Supply on Exchanges Will Exhaust in 9 Months
The supply of Bitcoin on cryptocurrency exchanges is predicted to exhaust within nine months, attributed to the imminent 50% reduction in Bitcoin issuance and ongoing acquisition by U.S. Bitcoin exchange-traded funds (ETFs). According to an analysis, the post-halving circumstances combined with persistent demand from U.S. Bitcoin ETFs could lead to the depletion of Bitcoin reserves on exchanges. This projection is …
Bybit Predicts Bitcoin Supply on Exchanges Will Exhaust in 9 Months Read More »
Meta Introduces Educational Metaverse for Users Aged 13 and Up
Meta is significantly expanding its Quest services to the educational sector, announced the tech giant on April 15. The company’s Quest virtual reality (VR) headsets, acclaimed as the most sought-after extended reality (XR) headsets by Statista, are set to play a crucial role in this expansion. The VR sector is poised for rapid growth, with projections to reach over 34 million units by the end of 2024, a compound …
Meta Introduces Educational Metaverse for Users Aged 13 and Up Read More »
Dubai Unveils New Era for Blockchain: The Blockchain for Good Alliance
In a significant development on April 15, the Blockchain for Good Alliance (BGA) was officially unveiled at the Blockchain Life Dubai event. The BGA defines itself as a “collaborative network of organizations, projects, and individuals committed to leveraging blockchain technology to solve global social, environmental, and economic challenges.” This alliance includes a broad spectrum of participants from various sectors …
Dubai Unveils New Era for Blockchain: The Blockchain for Good Alliance Read More »
How Solana’s Tech Team is Addressing Congestion Issues
The Solana Foundation has identified high demand for block space and delays in implementing important patches as the key factors behind recent congestion issues in the network. Austin Federa, the strategy lead at the Solana Foundation, provided insights during the Paris Blockchain Week into the efforts underway to address congestion problems affecting user transactions. Federa stated, “The goal of the Solana project …
How Solana’s Tech Team is Addressing Congestion Issues Read More »
Winklevoss Twins Invest $4.5 Million in Bitcoin into Soccer Club
Cameron and Tyler Winklevoss, prominent figures in the cryptocurrency world, have recently become co-owners of Real Bedford Football Club (RBFC), joining forces with Bitcoin podcaster Peter McCormack. The twins invested $4.5 million worth of Bitcoin through their investment firm, Winklevoss Capital, to support the club’s ascent towards the English Premier League. The investment will primarily fund the creation of a Bitcoin treasury for RBFC, aiming …
Winklevoss Twins Invest $4.5 Million in Bitcoin into Soccer Club Read More »
Shiba Inu Partners with CDSA to Address AI Concerns via Shibarium
Shiba Inu, a pioneering layer 2 blockchain, has entered into a groundbreaking partnership with the Content Distribution and Security Association (CDSA) to harness blockchain technology in enhancing the security and distribution of content within the media and entertainment sectors. This collaboration is focused on leveraging blockchain solutions to tackle significant challenges in the artificial intelligence (AI) domain, including combating deepfakes and …
Shiba Inu Partners with CDSA to Address AI Concerns via Shibarium Read More »
MarginFi Scandal: CEO Rage Quits and $190M is Withdrawn
In a dramatic turn of events at MarginFi, a DeFi lending platform on the Solana blockchain, nearly $200 million has been withdrawn following the sudden resignation of its CEO, Edgar Pavlovsky. This mass withdrawal occurred within just two days, amid a backdrop of internal disputes and external accusations from competitors. On April 10, Edgar Pavlovsky announced his departure from all his roles at MarginFi, including the research …
MarginFi Scandal: CEO Rage Quits and $190M is Withdrawn Read More »
Appeal Launched by Australia’s Securities Watchdog in Finder Wallet Case
The Australian Securities and Investments Commission (ASIC) is taking its battle against Finder Wallet to the next level by appealing a federal court decision. Last month, the court ruled that Finder Wallet’s “Earn” product, associated with Australian fintech firm Finder.com, adhered to Australian financial regulations, a verdict ASIC is now contesting. ASIC’s contention revolves around the classification of the Finder Earn product as …
Appeal Launched by Australia’s Securities Watchdog in Finder Wallet Case Read More »
Game Changer: Ethena’s Latest Move Integrates Exchange Wallets!
Ethena Labs has announced a new integration with the exchange wallets of Binance, Bybit, OKX, and Bitget, effective April 10. This collaboration enables users to earn yields on Ethena’s USDe stablecoins directly through these platforms. Starting now, users who lock their USDe in exchange Web3 wallets for a minimum of seven days are eligible for a 20% bonus on their earnings, payable in “Ethena sats.” These rewards can later be converted into ENA, Ethena’s native token, at the …
Game Changer: Ethena’s Latest Move Integrates Exchange Wallets! Read More »
Metaplanet Stock Skyrockets Following Bitcoin Investment Strategy Similar to MicroStrategy
Metaplanet, originally known as Red Planet Japan, transitioned from operating budget hotels to developing Web3 technologies. Recently, the company’s shares witnessed a staggering 90% increase following its decision to invest $6.56 million in bitcoin, in collaboration with Sora Ventures and other cryptocurrency investors. This strategic move aims to diminish the company’s reliance on the Japanese yen and provides Japanese investors with an …
‘He Wasn’t Borrowing – He Was Stealing’: Shocking Accusation Against Trader Eisenberg
The case of Avraham “Avi” Eisenberg, accused of a $110 million maneuver on the Solana-based decentralized exchange Mango Markets, is drawing significant attention in the cryptocurrency world. Prosecutors liken Eisenberg’s actions to a “modern twist” on age-old deception, equating his alleged market manipulation and fraud to selling a counterfeit diamond ring. On the other hand, Eisenberg maintains his innocence, asserting his trading strategy …
‘He Wasn’t Borrowing – He Was Stealing’: Shocking Accusation Against Trader Eisenberg Read More »
Solana Developers Aim for April 15 to Resolve Transaction Failure Issue
Solana recently faced a significant challenge with over 75% of its non-vote transactions failing last week. The developers are actively working towards a solution, targeting April 15 for the deployment of a fix. This issue, identified as an “implementation bug” rather than a fundamental design flaw, has sparked discussions within the cryptocurrency community. Mert Mumtaz, CEO of Helius Labs—a firm providing …
Solana Developers Aim for April 15 to Resolve Transaction Failure Issue Read More »
Ripple CEO Predicts Crypto Market Cap Will Reach $5 Trillion by Year’s End
Brad Garlinghouse, CEO of Ripple, recently shed light on numerous macroeconomic factors that he believes will fuel a significant surge in the overall cryptocurrency market value. In a statement that has captivated industry observers, Garlinghouse predicts the total value of the crypto market could nearly double, reaching $5 trillion by the year’s end. This optimism is largely driven by two …
Ripple CEO Predicts Crypto Market Cap Will Reach $5 Trillion by Year’s End Read More »
Proposed Ban on Bitcoin Mining May Lead to $200M Loss for Paraguay
The debate over Bitcoin mining in Paraguay has reached a critical point with a proposed legislation aiming to prohibit the activity, a move that could potentially strip the country’s economy of over $200 million each year. This contention arises amidst claims that unauthorized crypto mining operations are hijacking power, thereby straining Paraguay’s electrical grid. The prohibition, intended to last 180 days or until the enactment of …
Proposed Ban on Bitcoin Mining May Lead to $200M Loss for Paraguay Read More »
Breaking: Coinbase’s Big Win in Heated Crypto Transaction Lawsuit!
Coinbase, a leading cryptocurrency exchange, recently marked a significant legal victory when the United States Court of Appeals for the Second Circuit ruled in its favor. This landmark decision clarified that the platform’s secondary sales of cryptocurrencies do not contravene the Securities Exchange Act, addressing a legal challenge that spanned transactions from October 8, 2019, to March 11, 2022. Central to the lawsuit …
Breaking: Coinbase’s Big Win in Heated Crypto Transaction Lawsuit! Read More »
Google Cracks Down on Crypto Scammers with Legal Action
Google has initiated a lawsuit against a group of individuals accused of introducing deceptive applications to the Google Play store. These allegations involve the defendants engaging in numerous instances of wire fraud, resulting in damages to Google and negatively impacting over 100,000 of its users. The legal action targets Yunfeng Sun and Hongnam Cheung, asserting they orchestrated a scheme involving the submission of …
Google Cracks Down on Crypto Scammers with Legal Action Read More »
Binance Says Goodbye to Bitcoin Ordinals Support
Binance’s NFT marketplace will soon stop supporting trades and deposits for Bitcoin Ordinals, setting the end date for this service as April 18. The platform recently announced through a blog post on April 4 its plan to streamline its product offerings within the Binance NFT marketplace. This streamlining includes halting the support for Bitcoin Ordinals, a move aimed at consolidating the marketplace’s …
Binance Says Goodbye to Bitcoin Ordinals Support Read More »
Shocking News: Binance’s Detained Exec in Nigeria Has Zero Power, Company Claims
Binance has communicated that Tigran Gambaryan, the Head of Financial Crime Compliance, currently detained by Nigerian authorities, should not be held accountable amidst ongoing dialogues with the country’s government officials. This comes as Gambaryan, along with Nadeem Anjarwalla, Binance’s Regional Manager for Africa, faces accusations of tax evasion in Nigeria. The arrest took place in February, with Nigerian authorities detaining both executives and …
Shocking News: Binance’s Detained Exec in Nigeria Has Zero Power, Company Claims Read More »
Galaxy Digital, Led by Novogratz, Aims to Raise $100M for Crypto Startups
Galaxy Digital’s venture division is currently laying the groundwork for a new $100 million fund designed to invest in crypto startups. This move places Galaxy Digital alongside other venture capital firms that are increasingly re-engaging with the cryptocurrency sector. The fund, dubbed Galaxy Ventures Fund I, marks a shift in strategy for Galaxy Ventures, which traditionally invested its own capital in …
Galaxy Digital, Led by Novogratz, Aims to Raise $100M for Crypto Startups Read More »
Why Bitcoin Miners Might Just Dodge Bankruptcy This Time Around — Insights from Hut8’s CEO
In 2022, the cryptocurrency sector experienced a wave of bankruptcy filings by Bitcoin mining operations, a trend starkly highlighted during the period’s significant downturn. However, Hut 8’s Chief Executive Officer, Asher Genoot, offers a more optimistic outlook for the post-halving period, suggesting a departure from the previous cycle’s distress. Genoot attributes the prior wave of bankruptcies primarily to companies’ …
Venture Capital Giant Paradigm Plans $850M Raise for Crypto Fund
Paradigm, a venture capital firm deeply embedded in the cryptocurrency sector, is currently in the process of securing a substantial sum for its newest fund, with targets set between $750 million and $850 million. This initiative has been spotlighted by Bloomberg, which garnered insights from individuals close to the development. Should Paradigm’s fundraising endeavors land at the lower spectrum of their goal, …
Venture Capital Giant Paradigm Plans $850M Raise for Crypto Fund Read More »
Singapore Takes a Major Leap: Payment Services Act Now Governs Crypto Custody and Transfers!
The Monetary Authority of Singapore (MAS) has recently made an announcement indicating significant changes to the country’s Payment Services Act (PS Act), aimed at extending the regulatory framework to encompass a wider range of services related to digital payment token (DPT) service providers. These amendments are set to commence in phases from April 4, with MAS providing transitional arrangements for entities impacted by the changes. The …
Tech-Driven Gaming Startups to Receive $30M Boost from Andreessen Horowitz
Venture capital giant Andreessen Horowitz (a16z) has unveiled a substantial $30 million investment initiative aimed at propelling tech-centric gaming startups into the future. This initiative is focused on harnessing the potential of cutting-edge technologies such as AI, VR/AR, and Web3 in the gaming sector. Andrew Chen, a general partner at a16z and the lead of the a16z Games One Fund, announced the investment …
Tech-Driven Gaming Startups to Receive $30M Boost from Andreessen Horowitz Read More »
Tron Criticizes SEC’s Global Regulatory Claims, Deems Lawsuit Excessive
The organization behind the Tron blockchain has formally requested a New York federal court to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC), arguing that the SEC lacks jurisdiction over international digital asset transactions that cater primarily to foreign buyers on global platforms. This move underscores Tron’s position that the American regulatory body is overstepping its bounds by attempting to enforce U.S. securities …
Tron Criticizes SEC’s Global Regulatory Claims, Deems Lawsuit Excessive Read More »
Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Allegations
Roman Storm, a key figure behind the cryptocurrency mixing service Tornado Cash, has recently taken legal action to dismiss allegations accusing him of running a money laundering operation and breaching the International Emergency Economic Powers Act. His legal team argues that these charges are fundamentally flawed, primarily because Storm could not have prevented sanctioned groups from utilizing the mixer once it …
Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Allegations Read More »
Ethereum Breaks Records with 1 Million Validators – But Not Everyone’s Celebrating
The Ethereum blockchain recently celebrated a significant milestone, achieving a total of one million validators. This achievement comes as 32 million Ether (ETH), worth an estimated $114 billion at current prices, is now staked within the network. This information was revealed on March 28 via the Dune Analytics dashboard, developed by Hildobby, which monitors the progress of Ethereum’s staking. The data indicated …
Ethereum Breaks Records with 1 Million Validators – But Not Everyone’s Celebrating Read More »
Logan Paul Addresses CryptoZoo Controversy: Asserts No Fraud Involved
In the documentary titled 5 Months with Logan Paul, journalist Graham Bensinger engages with Paul to delve into the controversial CryptoZoo nonfungible token (NFT) gaming project, which has seen numerous investors facing losses. During the interview, Paul confronts the allegations against him, emphasizing that although the venture led to financial losses, it was not a fraudulent scheme but rather a project …
Logan Paul Addresses CryptoZoo Controversy: Asserts No Fraud Involved Read More »
Coinbase Wallet Takes on SEC and Wins Big – A New Era for DeFi?
In a landmark ruling, a U.S. judge has sided with Coinbase Wallet in a legal tussle against the Securities and Exchange Commission (SEC), marking a pivotal moment for decentralized finance (DeFi) and self-custody crypto wallets. The judge’s decision underscores that Coinbase’s offering of a self-custody crypto wallet, which allows users complete control over their assets, does not classify the company as a broker. This outcome is celebrated …
Coinbase Wallet Takes on SEC and Wins Big – A New Era for DeFi? Read More »
The Final Countdown: Sam Bankman-Fried’s Day in Court
Over 500 days have passed since the cryptocurrency exchange FTX declared bankruptcy, a development that has left many observers eagerly awaiting the fate of its former CEO, Sam Bankman-Fried. On March 28, Bankman-Fried, often abbreviated as SBF, will stand before a judge to discover if his immediate future involves prolonged incarceration or if he might receive a more lenient sentence following …
The Final Countdown: Sam Bankman-Fried’s Day in Court Read More »
The Fall of KuCoin? Founders Face Serious Charges from US Justice Department
The United States Justice Department has taken decisive action against cryptocurrency exchange KuCoin and its two founders, Chun Gan and Ke Tang, by unveiling charges on March 26. This legal move targets the founders and the platform for allegedly operating without a proper license for money transmission and failing to adhere to the Bank Secrecy Act (BSA) standards. According to the indictment, Gan and Tang …
The Fall of KuCoin? Founders Face Serious Charges from US Justice Department Read More »
NEAR Unleashes a Crypto Game Changer: Multichain Transactions with Just One Account!
The NEAR Foundation, a non-profit organization at the helm of the layer-1 NEAR Protocol, recently unveiled its support for chain signatures, a groundbreaking feature that enables users to engage in multichain transactions directly from their NEAR account. This advancement, secured in collaboration with Eigenlayer—a restaking initiative on Ethereum—marks a significant leap towards interoperability within the blockchain space. Illia Polosukhin, a key …
NEAR Unleashes a Crypto Game Changer: Multichain Transactions with Just One Account! Read More »
Bitcoin After the Halving: Insights into Price Movements and Network Safety
As the Bitcoin community gears up for the April 2024 halving event, speculation and anticipation are at an all-time high. The upcoming halving is set to slash mining rewards in half, a significant anti-inflationary measure designed to alter the distribution dynamics of new Bitcoin entering the market. This event, while not unprecedented, introduces a layer of unpredictability given the recent surges in Bitcoin’s price …
Bitcoin After the Halving: Insights into Price Movements and Network Safety Read More »
DeFi Fund and Texas Clothing Firm Challenge SEC Over Airdrop Dispute
Beba, a fashion company based in Texas and operated by African immigrants, along with the DeFi Education Fund, have united to safeguard the recent BEBA token airdrop from potential regulatory actions by the U.S. Securities and Exchange Commission (SEC). They are seeking a judgment from the U.S. District Court in Western Texas to clarify the SEC’s regulatory boundaries in accordance with the Administrative Procedures Act …
DeFi Fund and Texas Clothing Firm Challenge SEC Over Airdrop Dispute Read More »
Why Are Goldman Sachs’ Hedge Funds Racing Back to Crypto?
Goldman Sachs’ Asia Pacific branch is witnessing a strong resurgence in interest towards Bitcoin, Ether, and other cryptocurrencies among its institutional clients. Clients of Goldman Sachs are demonstrating a keen resurgence in their engagement with cryptocurrencies this year, driven by enthusiasm for newly approved Bitcoin exchange-traded funds (ETFs). Max Minton, who leads Goldman Asia Pacific’s digital assets division, reported a significant uptick in activity among some of …
Why Are Goldman Sachs’ Hedge Funds Racing Back to Crypto? Read More »
Floki Inu’s Bold Move: A Roadmap to Banking Revolution?
In a bold step towards transcending its image as a mere memecoin, Floki Inu has laid out an ambitious blueprint for the coming year, featuring the introduction of debit cards, digital banking solutions, and educational resources for its community. Floki Inu is charting a course for 2024 with a roadmap packed with features aimed at adding real-world utility to its ecosystem. Highlighting its plans are the incorporation of regulated …
Floki Inu’s Bold Move: A Roadmap to Banking Revolution? Read More »
US Authorities Sue Apple for Allegedly Modifying Rules to Limit Crypto App Growth
The Department of Justice (DOJ) in the United States has initiated a significant antitrust legal action against Apple, claiming the company’s control over its app marketplace unlawfully stifles competition and hampers innovation. This lawsuit, filed in a federal court in New Jersey on March 21 and backed by 16 state attorneys general, accuses Apple of leveraging its dominance in the …
US Authorities Sue Apple for Allegedly Modifying Rules to Limit Crypto App Growth Read More »
Bitcoin Halving Approaches: A Death Sentence for Inefficient Mining Ops?
Major mining corporations anticipate the upcoming Bitcoin halving event to slash profitability margins and drive up network fees, potentially endangering the viability of smaller, less efficient mining entities. As the Bitcoin ecosystem braces for a reduction in block rewards within a month, the pressure mounts on Bitcoin miners, signaling a significant shakeup in profitability and operational income. Leading voices in the mining sector stress that the impending adjustments …
Bitcoin Halving Approaches: A Death Sentence for Inefficient Mining Ops? Read More »
$100M Move: BlackRock Snags NFTs & Memecoins in Epic USDC Deposit!
In a remarkable turn of events, BlackRock, the colossus of asset management, has ventured into the vibrant world of memecoins and NFTs, acquiring assets valued at approximately $40,000. This development followed the detection of a wallet purportedly linked to BlackRock, connected with a fresh tokenization initiative, by online detectives. On the blockchain ledger Ethereum, a …
$100M Move: BlackRock Snags NFTs & Memecoins in Epic USDC Deposit! Read More »
Ethereum vs. SEC: The Fight Against Being Labeled a Security
Recent reports from various media outlets have indicated that the U.S. Securities and Exchange Commission (SEC) is considering the classification of ether (ETH), the primary cryptocurrency of the Ethereum blockchain, as a security. This decision could significantly impact the cryptocurrency industry, potentially affecting the future of an Ethereum-based spot exchange-traded fund (ETF). According to sources, …
Ethereum vs. SEC: The Fight Against Being Labeled a Security Read More »
Ohio Elects Crypto Titan to Senate Primary: Is the U.S. on the Verge of a Blockchain Revolution?
Bernie Moreno has emerged as the Republican choice for the Ohio Senate seat, setting the stage for a significant election against Sen. Sherrod Brown in the forthcoming general election. In a notable achievement, Bernie Moreno, a prominent figure in the blockchain sector, has secured victory in the Ohio Republican primary, thereby preparing for a highly …
Polygon Labs Bets $4M on Starbucks Crypto Dream, But Did It Pay Off?
In a twist on traditional business practices, it was Polygon Labs, not Starbucks, who footed the bill in their partnership to launch a crypto-based loyalty program. Unlike typical arrangements where companies compensate their technology providers, Polygon Labs shelled out $4 million to Starbucks in 2022 for the privilege of hosting Starbucks Odyssey on the Polygon …
Polygon Labs Bets $4M on Starbucks Crypto Dream, But Did It Pay Off? Read More »
AI on Bitcoin? It’s Happening with the Bitcoin Virtual Machine!
In a recent revelation, the lead developer known as punk3700, has made a groundbreaking announcement that emphasized the development of a method to integrate Artificial Intelligence (AI) on the blockchain. This innovative stride is propelled by the Bitcoin Virtual Machine (BVM), a sophisticated Bitcoin layer 2 project. Set to unveil the Truly Open AI platform, …
AI on Bitcoin? It’s Happening with the Bitcoin Virtual Machine! Read More »
No More USDT for EU? OKX Drops USDT for Europeans
The recent decision by the cryptocurrency exchange OKX to stop offering trading pairs involving Tether’s USDT stablecoin to its European Union (EU) and European Economic Area (EEA) clientele might signal upcoming regulatory challenges for the dominant stablecoin, known for its significant market cap and trading activity. This move aligns with imminent EU regulations necessitating stablecoin …
No More USDT for EU? OKX Drops USDT for Europeans Read More »
At Last! Cardano Drops Its Game-Changing Fiat-Backed Stablecoin USDM
Mehen Finance initially aimed to unveil USDM, its 1:1 fiat-backed stablecoin, in early 2023. However, plans were thwarted when key crypto-friendly banks closed their doors in 2023, further complicated by its banking partner, Cross River, opting to collaborate with Circle instead. Cardano, a leading layer-1 blockchain, has now embraced USDM as its inaugural fully fiat-backed …
At Last! Cardano Drops Its Game-Changing Fiat-Backed Stablecoin USDM Read More »
Solana Vs. Ethereum: Memecoin Madness Flips the Game Despite Transaction Fails!
Crypto enthusiasts have recently flocked to Solana-based memecoins like “Book of Meme” and “SNAP,” pushing the network to its limits amidst a sudden spike in transactions. Over the recent weekend, the Solana blockchain saw an unprecedented surge in activity, surpassing Ethereum’s transaction volume as traders scrambled to get their hands on these trending memecoins. This …
Solana Vs. Ethereum: Memecoin Madness Flips the Game Despite Transaction Fails! Read More »
New Data Shows El Salvador Holds More Bitcoin Than Known
El Salvador has made a significant move by transferring over 5,000 bitcoins, valued at approximately $400 million, into a cold storage wallet this week. This announcement, made by President Nayib Bukele, has effectively doubled the perceived holdings of the nation in the digital currency. In a social media post, President Bukele introduced this initiative as the country’s inaugural Bitcoin “piggy bank.” He mentioned that …
New Data Shows El Salvador Holds More Bitcoin Than Known Read More »
Why Trump is the Crypto Community’s Pick for U.S. President: A Surprising Poll Result
A recent survey initiated by the cryptocurrency investment firm Paradigm revealed that a significant portion of U.S. voters are cryptocurrency owners dissatisfied with the current financial system. The study indicated that among these voters, former President Donald Trump emerges as the preferred candidate over President Joe Biden for the upcoming presidential election. The research, which analyzed responses from 1,000 online …
Why Trump is the Crypto Community’s Pick for U.S. President: A Surprising Poll Result Read More »
Gemini and Genesis in Hot Water as Court Sides With SEC
A federal judge, Edgardo Ramos, has upheld the Securities and Exchange Commission’s (SEC) allegations as sufficiently credible to keep the lawsuit against crypto firms Gemini and Genesis moving forward. This decision came after assessing the SEC’s claim that the Gemini Earn program constituted an unregistered securities offering. In a detailed 32-page order issued on March …
Gemini and Genesis in Hot Water as Court Sides With SEC Read More »
Nigeria Holds Binance Executives: A Legal Showdown Awaits
Two high-ranking officials from Binance, the global cryptocurrency exchange, find themselves in ongoing detention in Nigeria, with their custody extended until at least a legal hearing scheduled for March 20. This development follows a report by the Wall Street Journal on Wednesday. The individuals in question, American Tigran Gambaryan, who oversees financial crime compliance at …
Nigeria Holds Binance Executives: A Legal Showdown Awaits Read More »
Breaking: Coinbase to Unleash a $1 Billion Bond Sale, Stealing Michael Saylor’s Secret Sauce!
Coinbase is gearing up to generate $1 billion via a convertible bond sale, a strategic move mirroring Michael Saylor’s MicroStrategy, but designed to benefit its stockholders uniquely. This innovative fundraising effort includes “negotiated capped call transactions” to mitigate equity dilution upon conversion, showcasing a strategic approach to capital raising without compromising shareholder interests. This initiative …
Bitcoin Reaches ATH Then Crashes Liquidating $360M in The Process
The crypto market experienced a whirlwind of activity on Tuesday, with Bitcoin (BTC) breaking through the $73,000 barrier for the first time, only to dip nearly 6% from that peak, and then finding its footing once again. At the time of reporting, Bitcoin is trading at $71,882, marking around 2% decrease over the last day. …
Bitcoin Reaches ATH Then Crashes Liquidating $360M in The Process Read More »
Is the Crypto World About to Meet the Real Satoshi? The COPA vs Wright Case Ends Soon
The ongoing legal battle between the Crypto Open Patent Alliance (COPA) and Craig Wright is drawing to a close, with final arguments set to unfold this week. The core of this high-stakes case is the claim by Wright that he is Satoshi Nakamoto, the elusive creator of Bitcoin. This week, both parties will present their …
Is the Crypto World About to Meet the Real Satoshi? The COPA vs Wright Case Ends Soon Read More »
Will Bitcoin Dethrone Gold? Michael Saylor Thinks So!
MicroStrategy, holding a staggering 205,000 bitcoins valued close to $15 billion, underscores the tech firm’s deep investment in cryptocurrency. The company’s recent acquisition of an additional 12,000 bitcoins further bolsters its portfolio, marking a significant vote of confidence in bitcoin’s future. Michael Saylor, the Executive Chairman of MicroStrategy, shared his optimistic outlook on CNBC, stating …
Will Bitcoin Dethrone Gold? Michael Saylor Thinks So! Read More »
Bitcoin Boom Ahead? Bitwise Spills on Corporate Giants Jumping In!
Institutions holding assets worth “trillions of dollars” are gearing up to dive into spot Bitcoin Exchange-Traded Funds (ETFs) by mid-2024, according to Bitwise’s Matt Hougan. This movement signals a significant shift as large entities, including corporations, major financial firms, and institutional consultants, are looking to bolster their Bitcoin holdings in the near future. Bitwise, a …
Bitcoin Boom Ahead? Bitwise Spills on Corporate Giants Jumping In! Read More »
BlackRock vs. MicroStrategy: Who Holds More Bitcoin Now?
BlackRock’s IBIT, a spot Bitcoin exchange-traded fund (ETF), has now surpassed MicroStrategy in Bitcoin holdings, boasting a massive 197,943 BTC, valued at over $13.5 billion as of March 8. This leap comes nearly 40 trading sessions following the Securities and Exchange Commission’s approval of nine new funds on January 10. Notably, excluding Grayscale’s GBTC, these …
BlackRock vs. MicroStrategy: Who Holds More Bitcoin Now? Read More »
Do Kwon’s Fate Hangs in Balance as Montenegro High Court Reviews South Korea Extradition Appeal
The High Court in Podgorica, Montenegro, has recently decided that Do Kwon, the co-founder and former CEO of the now-defunct Terraform Labs, should be extradited to South Korea rather than the United States, as multiple media outlets have reported. This ruling, however, can still be appealed. The decision comes after an appellate court reversed the High Court’s initial ruling favoring extradition to the …
SEC Delays Verdict on Spot Bitcoin ETFs for Options Trading
The United States Securities and Exchange Commission (SEC) has once again delayed its decision regarding the authorization of derivatives trading, specifically options, on spot Bitcoin Exchange-Traded Funds (ETFs). This postponement could significantly influence the influx of institutional capital into the Bitcoin market. On March 6, the SEC announced an extension to review submissions by the Cboe Exchange …
SEC Delays Verdict on Spot Bitcoin ETFs for Options Trading Read More »
Ethereum Ecosystem Update: Fee Reductions on the Horizon for Major Networks
Ethereum’s ecosystem is on the brink of a significant transformation with the impending Dencun upgrade, slated for next week. This pivotal update is set to introduce Dencun, marking a monumental shift towards reduced operational costs for layer-2 blockchains, notably rollup networks designed for enhancing transaction speed and cost-efficiency over the primary blockchain. The crux of …
Ethereum Ecosystem Update: Fee Reductions on the Horizon for Major Networks Read More »
FTX and Alameda Agree to Preliminary $874M Settlement with BlockFi
Bankrupt cryptocurrency enterprises FTX and BlockFi have successfully negotiated a settlement approaching the billion-dollar mark, heralding a potential full recovery for BlockFi’s clientele. In a landmark development dated March 6, both companies concurred on a settlement framework, with FTX consenting to compensate BlockFi to the tune of approximately $874.5 million. This agreement, pending approval from …
FTX and Alameda Agree to Preliminary $874M Settlement with BlockFi Read More »
iShares ETF by BlackRock Sees $788M Boost Amid Bitcoin Surge
On March 5, the iShares Bitcoin Trust (IBIT) managed by BlackRock saw an impressive influx of $788 million, shattering its previous record high inflow of $612.1 million set on February 28. This significant capital injection into IBIT came as the Bitcoin market reached two pivotal achievements: setting a new all-time high (ATH) of $69,324 and …
iShares ETF by BlackRock Sees $788M Boost Amid Bitcoin Surge Read More »
Bitcoin’s Sudden Plunge Erases Over $1 Billion in Market Speculation
Billions in leverage vanished from the cryptocurrency market as Bitcoin experienced a 14% drop within hours, erasing its briefly achieved new all-time high. Crypto traders, employing options and futures to bet on Bitcoin, faced a significant loss of $1 billion following the digital currency’s sharp decline from its peak of $69,200 on March 5. An …
Bitcoin’s Sudden Plunge Erases Over $1 Billion in Market Speculation Read More »
The Bull Run Unveiled: Facts and Predictions
Bitcoin enthusiasts are riding a wave of optimism as the cryptocurrency’s price nears its all-time peak of $69,000, with its current valuation at $68,300. This upward trend, marking a 7% increase in just 24 hours according to CoinGecko, has sparked a flurry of bullish forecasts on social media platform X. Historic Rallies Fuel Bullish Predictions …
Bitcoin Nears Silver’s Market Cap with $67K Peak
Bitcoin (BTC) has once again breached new milestones, this time soaring past $67,000 and inching closer not only to its previous peak of $69,000 but also to the nearly $1.4 trillion market cap of silver. Breaking free from a week of sideways movement below $64,000, BTC achieved a notable $67,500 during the U.S. trading hours, …
Bitcoin Nears Silver’s Market Cap with $67K Peak Read More »
Bitcoin ETF Outpaces Gold, Reaching $10B in Two Months
BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone by accumulating $10 billion in assets under management (AUM) within just seven weeks of its launch. This rapid accumulation of assets starkly contrasts with the first U.S. gold-backed ETF, SPDR Gold Shares (GLD), which took over two years to reach the same level of assets …
Bitcoin ETF Outpaces Gold, Reaching $10B in Two Months Read More »
Bitcoin Sees Unprecedented $2B Withdrawal Spike
Bitcoin is witnessing its most rapid exchange departures since the middle of 2021, with the potential to surpass previous records in terms of the value of withdrawals in U.S. dollars. As Bitcoin’s price aims for new heights, exchanges are experiencing the swiftest outflow of BTC in recent years. James Van Straten, a research and data …
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