Check Victor out on socials
About The Author
Victor Fawole is a dynamic Web3 content creator and social media influencer with a profound passion for the cryptocurrency sector. Immersed in the world of marketing, Victor brings to our platform a unique blend of expertise in content creation, social media engagement, and a deep understanding of the decentralized landscape. His ability to craft compelling narratives and drive engagement makes him an invaluable voice in disseminating news and articles on the latest in crypto.
Victor’s commitment to staying at the forefront of Web3 developments ensures that our readers receive not just news, but insights that are ahead of the curve, fostering a well-informed community. Victor’s work is dedicated to enriching the dialogue within the crypto space, making complex concepts accessible and engaging to a broad audience.
Latest Articles by Victor
WazirX to Reverse Trades After Massive $235M Crypto Hack
WazirX, a leading Indian crypto exchange, suffered a $235 million loss in a multisig wallet breach in July 2024. Following the hack, WazirX suspended withdrawals and announced plans to reverse trades from July 18 to July 21 to restore users’ balances to their pre-hack state. This decision aims to ensure fairness for users affected by …
WazirX to Reverse Trades After Massive $235M Crypto Hack Read More »
Financial Advisors at Morgan Stanley Can Now Suggest Bitcoin ETFs
Morgan Stanley, the largest U.S. wealth manager, has authorized its 15,000 financial advisers to recommend Bitcoin exchange-traded funds (ETFs) starting August 7. Currently, the advisory platform is recommending ETFs from BlackRock and Fidelity, specifically the iShares Bitcoin Trust (IBIT) and Wise Origin Bitcoin Fund (FBTC). This approval marks a significant milestone for the cryptocurrency market, …
Financial Advisors at Morgan Stanley Can Now Suggest Bitcoin ETFs Read More »
Hacker Transfers $2.1M in Stolen Unizen Funds to Tornado Cash
A hacker has moved $2.16 million stolen from the decentralized finance protocol Unizen to Tornado Cash, marking the first movement of these funds since the hack in March. Blockchain security firm PeckShield noted the transfer of 865.4 Ether (ETH) to the mixing service on August 7. Initially, 500,000 Dai (DAI) was transferred, followed by an …
Hacker Transfers $2.1M in Stolen Unizen Funds to Tornado Cash Read More »
Massive $1.2B Inflows Hit Binance on Record 2024 Trading Day, CEO Confirms
On August 5th, Binance recorded $1.2 billion in net inflows as traders reacted to a sharp decline in cryptocurrency prices, marking one of the highest net inflow days of 2024. CEO Richard Teng highlighted strong investor confidence, referencing DeFiLlama’s data. ByBit, Crypto.com, and OKX also saw significant inflows of $301.4 million, $107.8 million, and $97.7 …
Massive $1.2B Inflows Hit Binance on Record 2024 Trading Day, CEO Confirms Read More »
Coinbase Disputes Updated Campaign Finance Complaint from Crypto Critics
Coinbase and critics are disputing whether a government contract for custodying seized crypto violates campaign finance laws. Molly White and Public Citizen filed a complaint to the Federal Election Commission, alleging Coinbase violated these laws by negotiating a Marshals Service contract in March and donating $25 million to the pro-crypto Fairshake Super PAC in May. …
Coinbase Disputes Updated Campaign Finance Complaint from Crypto Critics Read More »
Bitcoin ETF Trading Surpasses $1B Despite Market Plunge — Galaxy
On August 5, Bitcoin ETF trading volumes soared past $1 billion, driven by crashing markets and heightened trading activity. According to Alex Thorn, head of research at Galaxy Digital, Bitcoin ETFs saw over $1.3 billion in trading volume within 20 minutes, with the iShares Bitcoin Trust leading at $875 million. Thorn anticipates net inflows as …
Bitcoin ETF Trading Surpasses $1B Despite Market Plunge — Galaxy Read More »
Jump Crypto Unstakes $315M in ETH, Transfers Funds to Exchanges
Jump Crypto, the digital asset division of Jump Trading, recently transferred hundreds of millions in crypto assets to exchanges, sparking speculation of a major sell-off. On July 24, over 120,000 staked-Ether (ETH) tokens worth $314.8 million were moved, coinciding with the launch of Ether exchange-traded funds in the US. Arkham’s blockchain data shows these funds …
Jump Crypto Unstakes $315M in ETH, Transfers Funds to Exchanges Read More »
Trump Eyes Crypto to Erase America’s $35 Trillion Debt
The U.S. government is rapidly increasing its national debt by $1 trillion every 100 days, raising concerns about runaway inflation. Former President Donald Trump suggested using Bitcoin or a “crypto check” to address the $35 trillion national debt, highlighting the potential role of digital assets in financial innovation. Trump emphasized the importance of the U.S. …
Trump Eyes Crypto to Erase America’s $35 Trillion Debt Read More »
MicroStrategy’s Bitcoin Holdings Grow to $14.7B Despite Q2 Losses
MicroStrategy shares rose 1% in after-hours trading despite posting a Q2 net loss of $123 million. The business intelligence firm acquired 12,222 Bitcoin for $805 million in Q2, totaling 226,500 BTC valued at $14.7 billion. Q2 revenue was $111.4 million, a 7% decline year-over-year, with losses of $5.74 per share exceeding analysts’ expectations. However, this …
MicroStrategy’s Bitcoin Holdings Grow to $14.7B Despite Q2 Losses Read More »
Major Hack Hits Convergence, CVG Token Drops 99% on Curve
The decentralized finance protocol Convergence, based on Curve, was hacked on August 2, 2024. The attacker exploited a vulnerability in the protocol to mint 58 million CVG tokens. These tokens were then swapped for approximately $200,000 worth of wrapped ether (wETH) and crvFRAX stablecoins using Curve’s liquidity pools. The funds were subsequently transferred to Tornado …
Major Hack Hits Convergence, CVG Token Drops 99% on Curve Read More »
Telegram Introduces In-App Browser for Decentralized Web Access
Telegram has launched an in-app browser that supports decentralized websites, dubbed “TON Sites,” on both mobile and desktop platforms, granting its 950 million users Web3 access. This integration allows users to seamlessly switch between browsing and messaging. Additionally, Telegram introduced a Mini App store, featuring apps like Hamster Kombat, a crypto game, and Catizen, a …
Telegram Introduces In-App Browser for Decentralized Web Access Read More »
BIS and Bank of England Reveal Project Pyxtrial for Real-Time Stablecoin Reserve Monitoring
The Bank for International Settlements (BIS) and the Bank of England have announced the results of Project Pyxtrial, a proof-of-concept aimed at monitoring asset-backed stablecoins and tokenized assets. Pyxtrial integrates data from blockchains and platforms, matching it with issuer data to provide real-time reserve monitoring. While it signifies progress, it’s not ready for full deployment …
Movement Labs Joins Forces with Polygon’s AggLayer, Secures Massive $160M for Mainnet!
Movement Labs has partnered with Polygon’s AggLayer to enhance blockchain interoperability and security. This collaboration aims to unify liquidity across Move Virtual Machine-based layer-2 chains, AggLayer-connected chains, and the Ethereum network. Movement Labs co-founder Rushi Manche highlighted that developers no longer need to choose between the trusted Ethereum environment and the security of alternative Layer-1s. …
Movement Labs Joins Forces with Polygon’s AggLayer, Secures Massive $160M for Mainnet! Read More »
aPriori Gains Support from Binance Labs for MEV-Focused Staking
Binance Labs has invested in aPriori, a liquid staking protocol on the Monad network, focused on miner extractable value (MEV). Announced on July 30, this investment is part of a broader wave in Monad’s DeFi ecosystem. aPriori aims to create sustainable incentives for validators through innovative mechanisms for liquid staking tokens and MEV. Monad is …
aPriori Gains Support from Binance Labs for MEV-Focused Staking Read More »
Tron’s Daily Revenue Soars to $1.42M, Overtaking Ethereum
Since July 23, Tron has outpaced Ethereum in revenue generation, earning $1.42 million in the last 24 hours compared to Ethereum’s $844,276. Despite Ethereum’s spot Ether ETFs launch driving $2.2 billion in inflows, Tron still led in seven-day revenue with $8.67 million versus Ethereum’s $8.08 million. Solana followed, generating $940,009 in 24 hours but $6.38 …
Tron’s Daily Revenue Soars to $1.42M, Overtaking Ethereum Read More »
Neiro Memecoin Developer Allegedly Profits $2.85M in Rug Pull
The developer of the Solana-based memecoin Neiro reportedly earned $2.85 million through a suspected rug pull, achieving a 5,169x return on a 3 SOL initial investment. Lookonchain highlighted that the developer sold 68 million Neiro tokens for 15,511 SOL ($2.85 million) through multiple wallets and sent 10 million Neiro to a dead wallet, leaving an unrealized …
Neiro Memecoin Developer Allegedly Profits $2.85M in Rug Pull Read More »
Maduro Declared President by Venezuela’s Election Authority Amid Crypto-Fueled Dispute
Nicolas Maduro has been reelected as Venezuela’s President, according to the country’s election authority, which is loyal to him. Despite opposition claims of victory, Maduro secured 51% of the vote, while opposition candidate Edmundo González received 44%, based on 80% of voting stations. This election reflects ongoing tensions in Venezuela, where the economic crisis, international …
Maduro Declared President by Venezuela’s Election Authority Amid Crypto-Fueled Dispute Read More »
Sen. Lummis Proposes US Buy 5% of Global Bitcoin Supply
United States Senator Cynthia Lummis has introduced a bill proposing the US government acquire 5% of the global Bitcoin supply, approximately one million Bitcoin, to create a strategic reserve aimed at reducing national debt. Announced at the Bitcoin 2024 conference, Lummis stated the plan would unfold over five years, costing around $68.1 billion at current …
Sen. Lummis Proposes US Buy 5% of Global Bitcoin Supply Read More »
World’s Largest Bitcoin Miner Buys $100M BTC to HODL!
Marathon Digital Holdings, the world’s largest Bitcoin miner, is bullish on Bitcoin’s long-term value, adopting a “full HODL” strategy and not selling any of the BTC mined in June. Over the past month, Marathon acquired $100 million worth of Bitcoin, boosting its holdings to over 20,000 BTC valued at $1.28 billion. This move reflects confidence …
World’s Largest Bitcoin Miner Buys $100M BTC to HODL! Read More »
Jersey City Plans Pension Investment in Bitcoin ETFs
Jersey City Mayor Steven Fulop announced on social media that the city’s municipal pension plan will invest in bitcoin through exchange-traded funds (ETFs). This decision marks another step towards broader acceptance of cryptocurrency, following similar moves by other pension funds, such as Wisconsin’s earlier this year. Fulop, who has been the city’s mayor since 2013 …
Jersey City Plans Pension Investment in Bitcoin ETFs Read More »
Groundbreaking: Verified ZK-Proof Arrives on Bitcoin Mainnet
BitcoinOS (BOS) successfully verified the first zero-knowledge (ZK) proof on Bitcoin’s mainnet on July 24, marking a significant advancement for Bitcoin’s capabilities beyond being just digital gold. This achievement, facilitated by BOS’s BitSNARK software, allows for enhanced functionality and scalability without altering Bitcoin’s base layer. Co-founder Edan Yago emphasized that Bitcoin can now serve as …
Groundbreaking: Verified ZK-Proof Arrives on Bitcoin Mainnet Read More »
Hashdex Pushes for US Approval of Bitcoin and Ether ETF
Hashdex has taken a major step in offering a combined Bitcoin and Ether ETF in the U.S. by submitting an S-1 registration statement on June 24. This ETF, named Hashdex Nasdaq Crypto Index US ETF, will track the Nasdaq Crypto US Settlement Price Index, initially including only Bitcoin and Ether. Hashdex might add more assets …
Hashdex Pushes for US Approval of Bitcoin and Ether ETF Read More »
Evolving US Politics Prompts Citi to Upgrade Coinbase Shares to ‘Buy’
Citi Group analysts have upgraded Coinbase shares from “neutral” to “buy,” citing favorable political shifts and increasing revenues as bullish factors. A July 23 investor note highlighted the improved regulatory landscape, influenced by former President Donald Trump’s pro-crypto election campaign. Trump’s stance promises to end current administration policies on crypto, ban CBDCs, and protect Bitcoin …
Evolving US Politics Prompts Citi to Upgrade Coinbase Shares to ‘Buy’ Read More »
Revolut in Talks to Sell $500M Employee Shares, Valued at $45B
Revolut, a London-based fintech company, is in discussions with investment firm Greenoaks to facilitate a $500 million sale of employee shares. This deal aims to increase Revolut’s valuation to $45 billion, potentially paving the way for an initial public offering (IPO). Revolut, known for integrating cryptocurrency trading into its app and recently launching a dedicated …
Revolut in Talks to Sell $500M Employee Shares, Valued at $45B Read More »
Grayscale Transfers $1 Billion in ETH to Coinbase Just Before ETF Launch
Grayscale transferred $1 billion in Ether to Coinbase on July 22, ahead of the debut of spot Ether ETFs in the U.S. on July 23. This move indicates preparation for the launch of these ETFs, with Coinbase acting as the custodian for most of the new funds. The U.S. SEC has approved the final regulatory …
Grayscale Transfers $1 Billion in ETH to Coinbase Just Before ETF Launch Read More »
Expert Predicts Bitcoin Could Become a U.S. Reserve Asset
Asset manager Bryan Courchesne recently suggested on CNBC that Bitcoin could become a strategic reserve asset for the United States, potentially under a future Trump administration. He noted the Department of Justice’s substantial Bitcoin holdings (200,000 BTC), proposing these could be transferred to the U.S. Department of the Treasury to maintain the asset long-term. This …
Expert Predicts Bitcoin Could Become a U.S. Reserve Asset Read More »
Hong Kong to Launch Asia’s First Inverse Bitcoin ETF on July 23
Hong Kong will launch Asia’s first inverse Bitcoin ETF, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), on July 23. This ETF, from China Southern Asset Management Co., Ltd (CSOP), allows investors to profit from declines in Bitcoin’s price. It follows the successful launch of the CSOP Bitcoin Futures ETF in December 2022. The …
Hong Kong to Launch Asia’s First Inverse Bitcoin ETF on July 23 Read More »
Arkham Transfers $487M in ARKMs to Coinbase Prime for Regulatory Compliance
Arkham has moved 304.5 million ARKMs, worth around $487.24 million, from its vesting contract to Coinbase Prime custody to meet regulatory and tax requirements. This includes 115.8 million ARKMs, valued at $185.28 million, owned by CEO Miguel Morel. The transfer, announced on July 17, aims to ensure tax compliance and enhance security by removing the …
Arkham Transfers $487M in ARKMs to Coinbase Prime for Regulatory Compliance Read More »
BlackRock Bitcoin ETF Attracts Millions Despite Bearish Social Media Trends
Despite a bearish outlook for Bitcoin, BlackRock’s Bitcoin ETF investors continue to buy. The iShares Bitcoin Trust (IBIT) saw $107 million in inflows on July 18, marking nine consecutive days of inflows, with seven days exceeding $100 million. This sustained investment comes despite a significant drop in positive Bitcoin commentary on social media, which is …
BlackRock Bitcoin ETF Attracts Millions Despite Bearish Social Media Trends Read More »
21Shares Rolls Out Injective ETP with Staking on Euronext Markets
21Shares has launched an Injective (INJ) exchange-traded product (ETP) with staking on the Euronext exchanges, adding INJ to the list of cryptocurrencies available through traditional financial products. The Injective Staking Exchange Traded Product (AINJ) tracks INJ’s performance and reinvests staking yields. This ETP, physically backed by INJ stored in cold storage, trades on Euronext Paris …
21Shares Rolls Out Injective ETP with Staking on Euronext Markets Read More »
Polygon Labs Announces Sept. 4 Migration from MATIC to POL
Polygon Labs will migrate from MATIC to POL tokens on September 4, as part of the Polygon 2.0 roadmap to enhance its zero-knowledge-based layer 2 chains ecosystem. The upgrade, tested on the Polygon testnet since July 17, will see POL replacing MATIC as the native gas and staking token for Polygon PoS. POL will support …
Polygon Labs Announces Sept. 4 Migration from MATIC to POL Read More »
Trump May Appoint Jamie Dimon, a Bitcoin Critic, as Treasury Secretary
Former President and current Republican nominee Donald Trump recently mentioned that if re-elected, he would consider JPMorgan CEO Jamie Dimon for the role of Treasury Secretary and keep Jerome Powell as Federal Reserve Chair. This information emerged during a Bloomberg interview conducted in late June and published on July 16. Trump’s relationship with Dimon has …
Trump May Appoint Jamie Dimon, a Bitcoin Critic, as Treasury Secretary Read More »
BlackRock’s IBIT Dominates with $260M as Bitcoin ETFs Hit Monthly Highs
On July 16, BlackRock’s iShares Bitcoin Trust attracted $260 million in investments, part of a $422.5 million net inflow into U.S. spot Bitcoin ETFs, marking the strongest trading day in over a month. The Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF followed with $61.1 million and $29.8 million in inflows, respectively. VanEck …
BlackRock’s IBIT Dominates with $260M as Bitcoin ETFs Hit Monthly Highs Read More »
Craig Wright Disclaims Satoshi Identity, Updates Website
Craig Wright, who has long claimed to be the creator of Bitcoin, Satoshi Nakamoto, admitted on July 16 through a legal disclaimer on his website that he is not Nakamoto. This statement followed a ruling by the United Kingdom High Court of Justice, which supported findings from the Crypto Open Patent Alliance (COPA). COPA, a …
Craig Wright Disclaims Satoshi Identity, Updates Website Read More »
Craig Wright, Claiming to Be Satoshi Nakamoto, May Face UK Perjury Charges
In March, a U.K. judge ruled that Craig Wright, who claimed to be Bitcoin’s inventorSatoshi Nakamoto, was not the creator of Bitcoin. The Crypto Open Patent Alliance (COPA) had taken Wright to court to settle this matter. Judge James Mellor found that Wright had lied extensively during the trial and referred him to the Crown …
Craig Wright, Claiming to Be Satoshi Nakamoto, May Face UK Perjury Charges Read More »
BlackRock CEO Larry Fink Admits Mistake, Declares Bitcoin Digital Gold
BlackRock CEO Larry Fink, once a skeptic of Bitcoin, now views it as “digital gold” and a legitimate financial instrument. In a CNBC interview, Fink admitted he was wrong about Bitcoin, acknowledging its potential for uncorrelated returns and as a hedge against currency debasement in unstable regions. BlackRock, managing $10.6 trillion, now holds the largest …
BlackRock CEO Larry Fink Admits Mistake, Declares Bitcoin Digital Gold Read More »
Seven Crypto Platforms Flagged by Hong Kong for Lack of Licenses
The Securities and Futures Commission of Hong Kong (SFC) has issued alerts against seven cryptocurrency exchanges for operating without the required licenses. These exchanges—Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, and Bstorest—have been added to the SFC’s Alert List for engaging in fraudulent activities such as blocking withdrawals and demanding fees to resume operations. Since January …
Seven Crypto Platforms Flagged by Hong Kong for Lack of Licenses Read More »
Binance Braces for October Ruling in Nigerian Tax Case
A Nigerian court will deliver its verdict on Binance’s tax evasion trial on October 11. The exchange faces four counts of tax evasion, including failing to register with Nigeria’s Federal Inland Revenue Service (FIRS). Binance’s lawyer, Ayodele Omotilewa, pleaded not guilty and requested dismissal of the charges, citing a lack of substance. The case was …
Binance Braces for October Ruling in Nigerian Tax Case Read More »
SEC Drops Investigation Into Paxos
The United States Securities and Exchange Commission (SEC) has decided not to take enforcement action against stablecoin issuer Paxos regarding its Binance USD (BUSD) token. In February 2023, Paxos received an SEC Wells notice warning that BUSD might be considered an unregistered security, potentially violating federal securities laws. However, the SEC has now indicated that …
FDIC Nominee, Goldsmith Romero, Supports Bank Custody of Cryptocurrencies
Christy Goldsmith Romero, nominee for FDIC chair, expressed support for banks to custody digital assets during her July 11 Congressional testimony. She stated that crypto should be treated like any other business and it’s not the FDIC’s role to dictate which assets banks can hold. The Digital Chamber, a crypto advocacy group, endorsed her for …
FDIC Nominee, Goldsmith Romero, Supports Bank Custody of Cryptocurrencies Read More »
Lithuanian Authorities Impose $10M Fine on Payeer for AML Breaches
The Lithuanian Financial Crime Investigation Service (FNTT) fined Payeer, a crypto payment company, 9.29 million euros ($10 million) for breaching Anti-Money Laundering regulations and conducting transfers to sanctioned banks. This is the largest fine on a virtual asset service provider in Lithuania. Payeer, offering services like crypto exchange and e-commerce payments, moved operations to Lithuania …
Lithuanian Authorities Impose $10M Fine on Payeer for AML Breaches Read More »
Jack Dorsey’s Block’s 3nm ASICs Set to Supercharge Core Scientific’s Bitcoin Mining
Block has finalized its first sale of advanced 3-nanometer (3nm) mining chips, developed in collaboration with ePIC Blockchain Technologies and Core Scientific. These innovative application-specific integrated circuits (ASICs) will significantly boost Core Scientific’s Bitcoin mining capacity by nearly 15 exahashes per second (EH/s), adding to its existing 24.6 EH/s capacity. This sale marks a key …
Jack Dorsey’s Block’s 3nm ASICs Set to Supercharge Core Scientific’s Bitcoin Mining Read More »
Bank of Italy to Publish MiCA Crypto Regulations in Coming Days
Italy’s central bank is preparing to release guidelines on implementing the European Union’s Markets in Crypto-Assets Regulation (MiCA). These guidelines aim to facilitate the effective application of MiCA and protect cryptocurrency holders. Bank of Italy Governor Fabio Panetta criticized Bitcoin and Ethereum as “unbacked” cryptocurrencies, lacking intrinsic value and being akin to gambling. Panetta emphasized …
Bank of Italy to Publish MiCA Crypto Regulations in Coming Days Read More »
FTX Co-Founder and Ex-Engineering Director to Be Sentenced This Fall
Former FTX executives Nishad Singh and Gary Wang, who testified against Sam Bankman-Fried, are set to be sentenced later this year. Singh’s sentencing is scheduled for October 30, and Wang’s for November 20. Both pleaded guilty to charges related to the collapse of FTX and cooperated with authorities, potentially influencing their sentences. Wang revealed the use …
FTX Co-Founder and Ex-Engineering Director to Be Sentenced This Fall Read More »
Singapore Court Orders Multichain to Pay $2.18M to Fantom After Hack
The High Court of Singapore has ordered the Multichain Foundation to pay $2.18 million in damages to the Fantom Foundation following a $210 million hack. In July 2023, Multichain, a cross-chain protocol, suffered a hack resulting in significant asset losses across multiple blockchains, including Fantom. The Fantom Foundation took legal action, citing that the CEO …
Singapore Court Orders Multichain to Pay $2.18M to Fantom After Hack Read More »
Bitfarms Names New CEO While Riot Platforms Pushes for Board Changes
Bitfarms has appointed Ben Gagnon as its new CEO amidst escalating tensions with Riot Platforms. Riot Platforms is pushing for a special shareholders meeting to restructure Bitfarms’ board, aiming to replace current members Nicolas Bonta and Andrés Finkielsztain with John Delaney, Amy Freedman, and Ralph Goehring. This follows Riot’s increased stake in Bitfarms and a …
Bitfarms Names New CEO While Riot Platforms Pushes for Board Changes Read More »
Solana Offers $1M Bug Bounty for New Firedancer Validator Client
Solana has introduced a $1 million bug bounty for the Firedancer validator client, encouraging developers to identify critical bugs. Starting on July 10, the program will run for 42 days, managed by Immunefi and funded by Jump Crypto. Participants can earn rewards from a $1 million pool, with a maximum single bounty of $1 million …
Solana Offers $1M Bug Bounty for New Firedancer Validator Client Read More »
Sam “SBF” Bankman-Fried’s Family Accused in $100M FTX Political Funding Scandal
The recent $100 million financial scandal involving the collapsed crypto exchange FTX centers around allegations that Sam Bankman-Fried (SBF) and his family funneled millions from FTX to political causes. Emails reviewed by The Wall Street Journal reveal that SBF’s family managed over $100 million in political contributions derived from FTX customer funds, intended to influence …
Sam “SBF” Bankman-Fried’s Family Accused in $100M FTX Political Funding Scandal Read More »
German MP Joana Cotar Calls for End to Bitcoin Sell-Off
German MP Joana Cotar criticized the German government’s rapid sell-off of Bitcoin, labeling it as “not sensible” and “counterproductive.” She argues that Bitcoin could diversify Germany’s treasury assets, protect against inflation and currency devaluation, and promote innovation. Cotar has called for the government to halt the sales and consider adopting Bitcoin as a strategic reserve …
German MP Joana Cotar Calls for End to Bitcoin Sell-Off Read More »
Two Altcoins Declared Commodities in Major $120M Ponzi Scheme Ruling
An Illinois judge has ruled in favor of the Commodity Futures Trading Commission (CFTC) in a crypto fraud case, classifying two altcoins, OHM and KLIMA, as commodities. The case involved Sam Ikkurty from Oregon, who ran a Ponzi scheme promising 15% annual returns on investments in digital asset commodities like Bitcoin, Ether, Olympus (OHM), and …
Two Altcoins Declared Commodities in Major $120M Ponzi Scheme Ruling Read More »
KuCoin’s New VAT Charge Stirs Concerns Among Nigerian Users
The Nigerian crypto community is worried about KuCoin’s new 7.5% VAT on transaction fees for Nigerian users, starting July 8. The approval authority for this tax is unclear, with speculation between the Nigerian government or the Federal Inland Revenue Service (FIRS). KuCoin, currently banned by the Nigerian government, adds to the confusion. Lucky Uwakwe, president …
KuCoin’s New VAT Charge Stirs Concerns Among Nigerian Users Read More »
Chainlink Partners with Fidelity and Sygnum to Onboard $6.9B NAV Data
Fidelity International and Sygnum have partnered with Chainlink to make the Net Asset Value (NAV) of Fidelity’s $6.9 billion Institutional Liquidity Fund accessible onchain in real time. This initiative, announced on July 3, aims to provide real-time NAV data, which is typically updated only after each trading day, enhancing transparency and accessibility. This data will …
Chainlink Partners with Fidelity and Sygnum to Onboard $6.9B NAV Data Read More »
Paxos and DBS Team Up for Singapore’s Next Major Stablecoin
Paxos International, a blockchain and tokenization platform, has received full regulatory approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services. This approval allows Paxos to launch a stablecoin under MAS’s regulatory framework, making Singapore the third international market where Paxos is authorized to issue stablecoins, following the United States and …
Paxos and DBS Team Up for Singapore’s Next Major Stablecoin Read More »
Bitfarms Achieves 21% Bitcoin Production Growth in June Amid Riot’s Buyout Efforts
In June, Bitfarms increased its Bitcoin production by 21%, mining 189 Bitcoin and selling 134 for $8.8 million. The company now holds 905 Bitcoin, valued at $57 million. Despite this growth, production dropped by 51% compared to June 2023 due to the recent halving event. Bitfarms’ installed hashrate grew to 11.4 exahashes per second, a …
Bitfarms Achieves 21% Bitcoin Production Growth in June Amid Riot’s Buyout Efforts Read More »
Aptos Eyes Historic Aave Protocol v3 Deployment on Non-EVM Blockchain
The Aptos Foundation has proposed deploying Aave Protocol v3 on its non-EVM blockchain, marking Aave’s first extension beyond Ethereum-compatible platforms. This proposal, presented on July 1, seeks input from the Aave community. Aptos, known for its high scalability and user-friendly DApp development, leverages the Move programming language initially created for Facebook’s Diem project. Aave is …
Aptos Eyes Historic Aave Protocol v3 Deployment on Non-EVM Blockchain Read More »
Metaplanet Buys Additional $1.2M in Bitcoin
Metaplanet, a Japanese investment adviser, has purchased over 20.2 BTC for $1.2 million, as part of its plan to expand its bitcoin holdings. This acquisition is a step towards a broader goal to invest an additional $6 million in BTC, as announced a week prior. The purchase raises Metaplanet’s total BTC holdings to 161.3 BTC. …
SEC Accuses Consensys of Operating Unregistered Brokerage via MetaMask
The U.S. SEC has filed a lawsuit against Consensys, MetaMask’s parent company, for operating as an unregistered broker and selling unregistered securities via MetaMask Swaps since 2020. The SEC alleges Consensys collected over $250 million in fees from unregistered crypto transactions and staking services, depriving investors of crucial protections. The regulator seeks a permanent injunction, …
SEC Accuses Consensys of Operating Unregistered Brokerage via MetaMask Read More »
VanEck Files Groundbreaking Solana ETF with US Regulators
VanEck, a pioneer in Bitcoin ETFs, has filed for the first-everSolana ETF in the U.S., named the VanEck Solana Trust. This fund aims to leverage Solana’s decentralized structure, utility, and cost-effectiveness. The ETF will be listed on the Cboe BZX Exchange if approved by the U.S. Securities and Exchange Commission (SEC). Matthew Sigel, VanEck’s head …
VanEck Files Groundbreaking Solana ETF with US Regulators Read More »
Binance Shuts Down Prime Brokerage Arbitrage Loophole
Binance is addressing a loophole in its Link Program after some clients exploited its multi-tiered fee structure through arbitrage. Top-tier brokerage partners benefited from the program’s nine-tier fee structure, obtaining discounts on trading fees and profiting by grouping accounts and trading on their behalf. This allowed platforms to gain from the price differences. Binance’s crackdown …
Binance Shuts Down Prime Brokerage Arbitrage Loophole Read More »
Marathon Digital Mines $16 Million in Kaspa to Enhance Revenue Streams
Marathon Digital, a prominent Bitcoin mining company, announced that it has mined $16 million worth of Kaspa (KAS) since September. This move is part of Marathon’s strategy to diversify its revenue streams beyond Bitcoin. Kaspa, a token designed to address Bitcoin’s scalability issues, offers higher mining margins, which Marathon aims to capitalize on. Despite this …
Marathon Digital Mines $16 Million in Kaspa to Enhance Revenue Streams Read More »
Worldcoin and Alchemy Collaborate to Enhance Blockchain Infrastructure
Worldcoin has announced a partnership with Alchemy to bolster the World Chain ecosystem. This collaboration gives developers immediate access to Alchemy’s comprehensive Web3 tools, including APIs and indexing solutions, which are essential for creating applications within World Chain. Alchemy will integrate World ID, facilitating global access to this biometric digital identity technology. World Chain, launched …
Worldcoin and Alchemy Collaborate to Enhance Blockchain Infrastructure Read More »
Investcorp and Securitize Partner to Tokenize Real World Assets
Investcorp and Securitize have partnered to tokenize Investcorp’s funds, aiming to create on-chain Real World Assets (RWA) to improve investment efficiencies and accessibility. The focus will be on Investcorp’s Strategic Capital Group (ISCG), which manages $1.5 billion in assets. This partnership allows qualified investors to engage in GP staking strategies through Securitize’s blockchain technology, broadening …
Investcorp and Securitize Partner to Tokenize Real World Assets Read More »
Colosseum Secures $60M to Fund Solana Accelerator and Hackathons
Colosseum, an independent organization dedicated to expanding the Solana ecosystem, has secured $60 million in funding to support its accelerator program for startups. This capital will be used for pre-seed investments in teams accepted into the program, providing $250,000 per project along with access to Solana’s network of mentors and venture funds. Co-founder Clay Robbins …
Colosseum Secures $60M to Fund Solana Accelerator and Hackathons Read More »
North Korean Hackers Behind $4.3M Exploit, Says Alex Lab
Alex Lab, a Bitcoin layer-2 developer, has linked a $4.3 million exploit in May to North Korea’s Lazarus Group. The discovery was made through substantial transaction evidence and the collaboration with blockchain investigator ZachXBT. The exploit occurred on May 16, when hackers used three wallet addresses to steal funds from Alex Lab’s DeFi protocol on …
North Korean Hackers Behind $4.3M Exploit, Says Alex Lab Read More »
Bitcoin Miner Hut 8 Gets $150M Investment to Boost AI Capabilities
Coatue Management is investing $150 million in crypto miner Hut 8 to enhance its AI infrastructure, boosting Hut 8’s shares and other related stocks like Soluna Holdings and Applied Digital. Coatue also invests in CoreWeave, a cloud-computing firm trying to acquire Hut 8’s competitor, Core Scientific. This reflects a trend of bitcoin mining infrastructures being …
Bitcoin Miner Hut 8 Gets $150M Investment to Boost AI Capabilities Read More »
Metaplanet Plans 1 Billion Yen Bond Offering to Acquire More Bitcoin
Tokyo-based investment and consulting firm Metaplanet plans to issue 1 billion yen ($6.26 million) worth of bonds to increase its Bitcoin holdings. The company aims to hold the acquired Bitcoin long-term and offers a 0.5% annual interest rate on the bonds. Metaplanet’s shares surged by 11.5% to 96 yen ($0.60) on Monday, reflecting a 500% …
Metaplanet Plans 1 Billion Yen Bond Offering to Acquire More Bitcoin Read More »
Winklevoss Twins’ Big Bitcoin Donation to Trump Leads to Refund
The Winklevoss twins, founders of the Gemini crypto exchange, had their donations to former President Donald Trump’s election campaign refunded after exceeding the federal limit for Bitcoin donations. They had donated $2 million each, surpassing the $844,600 legal maximum. It is unclear if the excess funds were refunded in Bitcoin or as cash equivalents. The …
Winklevoss Twins’ Big Bitcoin Donation to Trump Leads to Refund Read More »
World’s Largest Bitcoin Mining Company Is Heating an Entire Finnish Town!
Marathon Digital Holdings, the world’s largest Bitcoin mining company, has launched a pilot project in Finland that uses excess heat from Bitcoin mining to warm homes. This initiative, announced on June 20, aims to provide heat to over 11,000 residents in the Satakunta region through a 2-megawatt facility. This marks Marathon’s first district heating-based project …
World’s Largest Bitcoin Mining Company Is Heating an Entire Finnish Town! Read More »
U.S. Treasury Alerts to Cartels Using Crypto for Fentanyl Ingredients
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a new advisory warning about the growing use of cryptocurrencies in illegal fentanyl trafficking. This advisory highlights the involvement of digital assets like bitcoin (BTC), ether (ETH), monero (XMR), and tether (USDT) by Mexican cartels to buy precursor chemicals and manufacturing equipment from China. The …
U.S. Treasury Alerts to Cartels Using Crypto for Fentanyl Ingredients Read More »
Konami Teams Up with Avalanche to Launch User-Friendly NFT Platform
Konami Digital Entertainment has partnered with Avalanche to launch “Resella,” an NFT platform designed to simplify NFT creation, issuance, and trading. Resella aims to advance Web3 services by making blockchain technology more accessible, eliminating the need for external Web3 wallets, and supporting transactions in Japanese yen. It plans to expand globally and allows developers to …
Konami Teams Up with Avalanche to Launch User-Friendly NFT Platform Read More »
Iran Gears Up for Digital Rial Pilot on Kish Island This June
The Central Bank of Iran (CBI) is set to launch a pilot program for a national digital currency, the digital rial, starting on June 21. This pilot will take place on Kish Island, a popular tourist destination and free trade zone. The digital rial aims to facilitate domestic micropayments, allowing users to pay for goods …
Iran Gears Up for Digital Rial Pilot on Kish Island This June Read More »
Shkreli Reveals Involvement in Controversial Trump-Linked DJT Token as Scrutiny Grows
Martin Shkreli, known as “Pharma Bro,” has claimed involvement in creating the DJT token, a Solana-based cryptocurrency that has stirred speculation about links to Donald Trump’s family. Shkreli disclosed his role during a June 18 X Spaces, noting that about 10 people were directly involved in its creation, and mentioned Barron Trump among those connected. …
Shkreli Reveals Involvement in Controversial Trump-Linked DJT Token as Scrutiny Grows Read More »
Hashdex’s Bold SEC Filing Could Bring Bitcoin and Ether ETF to Nasdaq!
Hashdex has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a combined spot Bitcoin (BTC) and Ether (ETH) exchange-traded fund (ETF) on the Nasdaq exchange. The ETF aims to reflect the market capitalizations of these cryptocurrencies, currently set at 70.54% Bitcoin and 29.46% Ether. It will use a passive investment strategy …
Hashdex’s Bold SEC Filing Could Bring Bitcoin and Ether ETF to Nasdaq! Read More »
Bitcoin NFTs Outshine Ronin with Record-Breaking Sales
Bitcoin-based NFTs have achieved significant milestones recently. Over the past 30 days, they recorded $148 million in sales, making them the second-highest in monthly sales, just behind Ethereum’s $157 million. This surge has propelled Bitcoin to third place in all-time NFT sales, surpassing the Ronin blockchain. Bitcoin’s all-time NFT sales now stand at $4,271,928,280 billion, …
Bitcoin NFTs Outshine Ronin with Record-Breaking Sales Read More »
Terraform Labs to Sell Key Projects and Transfer Blockchain Control Post $4.5B SEC Settlement
Terraform Labs has agreed to a $4.47 billion settlement with the SEC following a jury’s finding of their liability for the collapse of the Terra ecosystem, which caused a $40 billion loss in investor assets. As part of the settlement, Terraform Labs will cease operations, sell key projects, and transfer control of the Terra blockchain …
Solana Bot Rakes in $30M from MEV Arbitrage in Just 2 Months!
MRGN Research’s Ben Coverston has highlighted the activities of a Solana-based MEV sandwich bot named “arsc,” which has amassed around $30 million through MEV attacks in the past two months. These attacks involve sandwiching a victim’s transaction between two of the attacker’s transactions to manipulate prices and profit. Coverston points out that arsc has intentionally …
Solana Bot Rakes in $30M from MEV Arbitrage in Just 2 Months! Read More »
Deutsche Telekom Announces Bitcoin Mining Plans at BTC Prague
Deutsche Telekom has announced its plan to start mining Bitcoin, expanding its crypto-related activities. The company has been running a Bitcoin node and Bitcoin Lightning Network nodes since 2023. This news was revealed by Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, at BTC Prague. Röder hinted at a future engagement in “digital monetary photosynthesis” but did not elaborate further. …
Deutsche Telekom Announces Bitcoin Mining Plans at BTC Prague Read More »
UwU Lend Announces $5M Bounty to Find Exploiter Behind $24M Theft
The UwU Lend protocol has faced two major exploits, losing a total of $24 million. Following these attacks, UwU Lend has offered a $5 million bounty for identifying the attacker. The deadline for the hacker to return 80% of the stolen funds by June 12 passed without compliance, leading UwU Lend to announce the bounty …
UwU Lend Announces $5M Bounty to Find Exploiter Behind $24M Theft Read More »
Paradigm’s $850M Crypto Fund Seals One of the Largest Raises Ever
Paradigm, a venture capital firm, has closed a third fund to invest in early-stage crypto and blockchain projects, raising $850 million. This makes it one of the largest crypto fund raises ever. The new fund, discussed over the past few months amid a market rebound, is Paradigm’s largest since its $2.5 billion fund in November …
Paradigm’s $850M Crypto Fund Seals One of the Largest Raises Ever Read More »
CRV Dips 28% After Curve Finance Manages Liquidation Amid Hack
Curve Finance recently experienced a hacking attempt that tested its LLAMMA (Lending-Liquidating Automated Market Maker Algorithm) soft liquidation mechanism. Despite the successful handling of liquidations, the native CRV token’s price dropped by over 28%. During the incident on June 13, Michael Egorov, the founder of Curve Finance, faced significant liquidation pressures due to the falling …
CRV Dips 28% After Curve Finance Manages Liquidation Amid Hack Read More »
Xi Jinping, China’s President, Commends Chief Blockchain Scientist in Public Letter
On June 12, Chinese President Xi Jinping commended Andrew Chi-Chih Yao, chief scientist of the Conflux network and a professor at Tsinghua University, in an open letter. Xi praised Yao for his 20 years of dedication to Tsinghua University and his significant contributions to teaching, research, and innovation. Xi encouraged Yao to continue promoting interdisciplinary …
Xi Jinping, China’s President, Commends Chief Blockchain Scientist in Public Letter Read More »
Bitcoin ETFs Face $200M Outflows Amid Fed and CPI Concerns
On Tuesday, U.S.-listed spot bitcoin ETFs experienced significant net outflows, totaling $200 million, the highest since $580 million on May 1. This marks the second consecutive day of outflows, primarily driven by Grayscale’s GBTC, which accounted for $120 million. The sell-off coincided with Bitcoin’s brief drop to $66,200 before rebounding. Other ETFs, such as Ark …
Bitcoin ETFs Face $200M Outflows Amid Fed and CPI Concerns Read More »
Thai SEC Revokes Zipmex’s Licenses for Regulatory Violations
Thailand’s Securities and Exchange Commission (SEC) has revoked two operating licenses for the cryptocurrency exchange Zipmex. The SEC announced on June 11 that Zipmex was no longer authorized to operate in Thailand as a digital asset exchange and cryptocurrency broker, effective from May 28. This decision follows a February order for Zipmex to suspend its …
Thai SEC Revokes Zipmex’s Licenses for Regulatory Violations Read More »
SEC Considers ProShares’ Spot Ether ETF Proposal
The SEC has received an application from ProShares for a spot Ether (ETH) exchange-traded fund (ETF), following approvals for similar applications from eight other firms three weeks prior. The New York Stock Exchange (NYSE) Arca proposed a rule change to list and trade shares of this ETF. The SEC is now seeking public comments for …
SEC Considers ProShares’ Spot Ether ETF Proposal Read More »
Fireblocks Teams Up with Coinbase International for Futures and Spot Trading
Fireblocks, an infrastructure provider, has expanded its services through a new partnership with Coinbase, allowing it to offer derivatives and trading products to both institutional and retail investors. As of June 10, Fireblocks now supports trading of perpetual futures and spot contracts via the Coinbase International Exchange, targeting institutional clients such as hedge funds, trading …
Fireblocks Teams Up with Coinbase International for Futures and Spot Trading Read More »
After Five Months of Dormancy, Orbit Chain Hacker Sends $48M to Tornado Cash
The Orbit Chain cross-chain bridge was exploited for $82 million on New Year’s Eve, with the funds lying dormant since January 1. On June 8, the hacker moved $47.7 million in Ether (ETH) through the cryptocurrency privacy mixer Tornado Cash after months of inactivity. The total amount stolen was over $100 million, including ETH and …
After Five Months of Dormancy, Orbit Chain Hacker Sends $48M to Tornado Cash Read More »
Trump Vows to Be the ‘Crypto President’ at Fundraiser Event
Former U.S. President Donald Trump has increased his advocacy for cryptocurrency as part of his 2024 presidential campaign, aiming to become the “crypto president.” At a fundraising event in San Francisco hosted by Craft Ventures’ David Sacks and tech billionaire Chamath Palihapitiya, Trump reportedly declared his intention to push the crypto industry forward, raising $12 …
Trump Vows to Be the ‘Crypto President’ at Fundraiser Event Read More »
Robinhood Acquires Bitstamp for $200M to Expand Globally
Robinhood plans to acquire Bitstamp, a U.K.-based crypto exchange, for $200 million in cash, aiming to finalize the deal in the first half of 2025. Bitstamp, one of Europe’s largest and most regulated exchanges, offers over 85 cryptocurrencies for trading and services like institutional lending and staking. This acquisition will help Robinhood expand its global …
Robinhood Acquires Bitstamp for $200M to Expand Globally Read More »
Blockchain.com and Unstoppable Domains to Launch ‘.blockchain’ Domain
Unstoppable Domains and Blockchain.com have announced a strategic partnership to introduce a DNS-enabled Web3 domain, specifically “.blockchain,” aiming for official recognition by the Internet Corporation for Assigned Names and Numbers (ICANN). This collaboration seeks to bridge the current gap between the traditional web ecosystem and the evolving Web3 space. If ICANN approves their application during …
Blockchain.com and Unstoppable Domains to Launch ‘.blockchain’ Domain Read More »
FBI Issues Warning About Work-From-Home Crypto Scams
The FBI has issued a warning about a rise in “work-from-home” job scams where scammers, using offers for easy remote work, deceive job seekers. These scams often involve tasks like restaurant ratings or repetitive clicking tasks, which appear to earn money on a bogust interface that shows fake earnings. The scam is revealed when the …
FBI Issues Warning About Work-From-Home Crypto Scams Read More »
Florida Man, Promoter of Forcount Crypto Ponzi Scheme Pleads Guilty
Juan Tacuri, a 46-year-old from Florida, has pleaded guilty to conspiracy to commit wire fraud for his role in the Forcount crypto Ponzi scheme. This Brazil-based scam defrauded Spanish-speaking investors worldwide out of $8.4 million by promising their investments would double within six months. However, Forcount never engaged in any mining or trading activities as …
Florida Man, Promoter of Forcount Crypto Ponzi Scheme Pleads Guilty Read More »
Crypto Poised for $20T Surge if US Regulations Clear Up, Says Bitwise CIO Matt Hougan
Matt Hougan, the chief investment officer at Bitwise, suggests that the $20 trillion financial advisory industry could significantly invest in the crypto sector if U.S. regulatory uncertainties are resolved. Regulatory ambiguity has deterred financial advisors from increasing their crypto exposure over the past five years. However, Hougan believes the U.S. is nearing regulatory clarity, which …
Crypto Poised for $20T Surge if US Regulations Clear Up, Says Bitwise CIO Matt Hougan Read More »
U.S. Lawmakers Urge Biden to Intervene in Binance Exec’s Detention in Nigeria
Several U.S. politicians have accused the Nigerian government of charging Tigran Gambaryan, a Binance compliance officer and former federal agent, with “baseless” crimes. Gambaryan has been detained in Nigeria for over three months on allegations of money laundering and tax evasion. The politicians have urged President Biden and other officials to intervene, emphasizing that Gambaryan …
U.S. Lawmakers Urge Biden to Intervene in Binance Exec’s Detention in Nigeria Read More »
Epoch Times CFO Busted in $67M Crypto Laundering Operation
Bill Guan, CFO of Epoch Times, has been charged with participating in a $67 million cryptocurrency fraud scheme. The U.S. Department of Justice (DoJ) alleges that Guan was involved in a scheme to launder illicit funds using cryptocurrency, which were then funneled into Epoch Times’ accounts, inflating the company’s reported revenue. From 2020 to May …
Epoch Times CFO Busted in $67M Crypto Laundering Operation Read More »
Binance Founder CZ Starts 4-Month Prison Term in California
Changpeng “CZ” Zhao, founder of Binance, has begun serving a four-month sentence at Lompoc II, a low-security federal prison in California, for failing to implement adequate know-your-customer (KYC) procedures at Binance. Zhao, a Canadian national, pleaded guilty to violating the Bank Secrecy Act in November and received a shorter sentence than the three years sought …
Binance Founder CZ Starts 4-Month Prison Term in California Read More »
Linea Blockchain Halts After Hack, Highlights Decentralization Need for Ethereum L2s
Linea Blockchain’s recent halt of block production following a hack underscores the urgency for Ethereum layer-2 solutions to prioritize decentralization. Linea paused its sequencer to prevent further loss of funds after a hacker exploited the Linea-based decentralized exchange, Velocore, transferring over $2.6 million in Ether. This action highlighted the risks of centralized control in layer-2 …
Linea Blockchain Halts After Hack, Highlights Decentralization Need for Ethereum L2s Read More »
Coinbase Slams US SEC for ‘Choking’ Crypto Innovation
The United States Securities and Exchange Commission (SEC) is intensifying its regulatory actions against the cryptocurrency industry, as stated by Coinbase in a recent court filing. Coinbase accuses the SEC of aiming to “choke” the digital assets industry through a regulation-by-enforcement approach. The exchange argues that the SEC is not interested in establishing clear and …
Coinbase Slams US SEC for ‘Choking’ Crypto Innovation Read More »
Rep. McHenry Calls on Senate to Approve FIT21 Crypto Legislation Before Election
Outgoing Republican lawmaker Patrick McHenry has called on the Senate to pass the Financial Innovation and Technology for the 21st Century Act (FIT21) before the upcoming presidential election in November. The bill, which aims to classify most cryptocurrencies as commodities regulated by the Commodity Futures Trading Commission (CFTC), passed the House on May 22 with …
Rep. McHenry Calls on Senate to Approve FIT21 Crypto Legislation Before Election Read More »
Israel Initiates Digital Shekel Challenge to Boost Payment Use Cases
The Bank of Israel is launching a “Digital Shekel Challenge” to explore advanced payment options for its potential digital currency, the digital shekel. This initiative aims to develop new payment use cases, such as micropayments, split payments, and multiparty signature payments. Although the Bank has not yet decided to issue a digital shekel, it has …
Israel Initiates Digital Shekel Challenge to Boost Payment Use Cases Read More »
US Treasury Warns of Financial Threats of NFTs
The U.S. Treasury Department has released its first finance risk assessment for nonfungible tokens (NFTs), identifying several potential risks and security concerns in the rapidly evolving market. The report highlights risks such as the possibility of terrorists using NFTs to finance operations, state actors leveraging NFTs for nuclear proliferation funding, money laundering, and investor risks …
Ripple Boosts Support with Another $25M Donation to Fairshake PAC
Ripple has added another $25 million to Fairshake, a federal crypto super PAC, matching its previous donation in 2023. This brings Ripple’s total contribution to $50 million, accounting for half of Fairshake’s over $100 million in funds. Other major donors include Coinbase, Gemini, Andreessen Horowitz, and ARK Invest. The crypto industry sees the 2024 elections …
Ripple Boosts Support with Another $25M Donation to Fairshake PAC Read More »
Former FTX Executive, Ryan Salame Receives 7.5-Year Prison Sentence Post-Guilty Plea
Former FTX Digital Markets co-CEO Ryan Salame has been sentenced to 7.5 years in prison after pleading guilty to two felony charges: conspiracy to operate an unlicensed money-transmitting business and campaign finance fraud. Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York delivered the sentence on May 28. Salame’s …
Former FTX Executive, Ryan Salame Receives 7.5-Year Prison Sentence Post-Guilty Plea Read More »
HTX Crypto Exchange Surpasses Coinbase in Trading Volumes
HTX, formerly known as Huobi, has overtaken Coinbase in daily spot trading volumes. On May 27, Tron founder and HTX adviser Justin Sun announced that HTX had surpassed Coinbase for the first time in spot trading volume. According to CoinGecko, HTX now handles approximately $2.4 billion in daily spot trading volumes, ranking it as the …
HTX Crypto Exchange Surpasses Coinbase in Trading Volumes Read More »
$1M Turns into $150: Memecoin Trader Falls Victim to Normie Exploit
A trader lost over $1 million in digital assets following an exploit of the Normie memecoin. The trader had invested $1.16 million to buy 11.23 million NORMIE tokens, but the value of these tokens dropped by over 99%, reducing the investment to just $150. The exploit, which targeted the smart contract of Normie, wiped $41.7 …
$1M Turns into $150: Memecoin Trader Falls Victim to Normie Exploit Read More »
What’s Next After Spot Ether ETF Approvals? Executives Share Insights
The recent approval of spot Ether exchange-traded funds (ETFs) in the United States has sparked discussions among experts about the future of cryptocurrency investments. On May 23, the SEC approved the applications for Ether ETFs from several major firms including VanEck, BlackRock, and Fidelity. Following the approval, industry professionals like Bloomberg’s Eric Balchunas anticipate that …
What’s Next After Spot Ether ETF Approvals? Executives Share Insights Read More »
Uniswap Discloses Asset Details Before Fee Mechanism Vote
The Uniswap Foundation disclosed financial details, holding $41.41 million in fiat and stablecoins, plus 730,000 UNI tokens as of the first quarter’s end. It allocated $4.34 million for new grants and distributed $2.79 million in previously committed grants. These funds support both grant-making and operational activities, while UNI tokens are designated for employee awards. Uniswap …
Uniswap Discloses Asset Details Before Fee Mechanism Vote Read More »
SEC Secures Victory in Unregistered ICO Case Against YouTuber Ian Balina
Crypto YouTuber Ian Balina has been found to have sold unregistered securities by buying and offering Sparkster (SPRK) tokens to U.S. investors in an investment pool, according to a Texas federal court judge. The court ruled that U.S. securities laws apply to Balina’s actions, and that SPRK tokens are considered securities under the Howey test, …
SEC Secures Victory in Unregistered ICO Case Against YouTuber Ian Balina Read More »
Sam Bankman-Fried Incarcerated in Oklahoma Despite Judge’s Orders
Sam Bankman-Fried, the former CEO of FTX, is currently detained at the Federal Transfer Center in Oklahoma City, suggesting a possible transfer to a California prison. Previously held in New York since August 2023 after his bail was revoked, he was moved despite Judge Lewis Kaplan’s recommendation to keep him in Brooklyn for better access …
Sam Bankman-Fried Incarcerated in Oklahoma Despite Judge’s Orders Read More »
IBM and Casper Labs Introduce Prove AI Auditing via watsonx
Casper Labs is integrating its Prove AI product with IBM’s watsonx.governance platform. Announced by CEO Mrinal Manohar at the IBM Think conference, Prove AI, built on the Casper blockchain, offers security, version control, multiparty access control, and auditing for AI training data sets. This integration aims to help businesses meet regulatory demands for AI accountability, …
IBM and Casper Labs Introduce Prove AI Auditing via watsonx Read More »
Bitcoin and Ethereum ETPs Launch on London Stock Exchange Following FCA Approval
The London Stock Exchange (LSE) will list Bitcoin and Ethereum exchange-traded products (ETPs) following approval from the UK’s Financial Conduct Authority (FCA) on May 22. WisdomTree’s Physical Bitcoin and Physical Ethereum ETPs will start trading on May 28, available only to professional and institutional investors due to a 2021 ban on retail trading of crypto …
Bitcoin and Ethereum ETPs Launch on London Stock Exchange Following FCA Approval Read More »
Worldcoin Ordered to Cease Operations in Hong Kong
Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), concluded that the Worldcoin project violated local data protection laws by collecting iris and facial images without proper consent or necessary justification. The Privacy Commissioner, Ada Chung Lai-ling, issued an enforcement notice demanding an immediate cessation of all project operations in …
Worldcoin Ordered to Cease Operations in Hong Kong Read More »
Phantom Acquires Web3 Expert Bitski
The Bitski team will be joining Phantom to bring embedded wallets to Solana, simplifying the onboarding process for both users and developers, the firms said. Phantom, the leading crypto wallet in the Solana ecosystem, has acquired Web3-focused browser extension wallet Bitski, the companies announced on Tuesday. Bitski’s team will integrate with Phantom to introduce embedded …
Gala Games CEO Attributes $23M Exploit to Internal Control Failures
On May 20, Gala Games experienced a significant security breach, leading to the unauthorized sale of 600 million GALA tokens, valued at $23 million. The breach, attributed to flawed internal controls, allowed a hacker to exploit a vulnerability in Gala’s smart contract. The incident was noticed by blockchain observers at 7:32 pm UTC when 5 …
Gala Games CEO Attributes $23M Exploit to Internal Control Failures Read More »
FIT21 Bill to Be Decided by House Before Holiday Weekend
Republican lawmakers on the House Financial Services Committee have announced that the House of Representatives will vote on the Financial Innovation and Technology for the 21st Century (FIT21) Act this week. This bill aims to clarify the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in regulating digital …
FIT21 Bill to Be Decided by House Before Holiday Weekend Read More »
Captain Tsubasa NFT Soccer Game Launches on Oasys Blockchain
Mint Town CEO Hiroshi Kunimitsu said integrating into the Oasys blockchain lets fans experience the story in a new way. The iconic Japanese manga and anime series Captain Tsubasa has launched its NFT soccer game on the Oasys blockchain, a leading Web3 gaming platform. On May 20, Oasys announced that Captain Tsubasa, the beloved 80s …
Captain Tsubasa NFT Soccer Game Launches on Oasys Blockchain Read More »
Kraken May Remove USDT in Europe Due to Upcoming Regulations
Crypto exchange Kraken is considering removing support for stablecoin Tether (USDT) in the European Union as the Markets in Crypto-Assets Regulation (MiCA) is set to take effect. A Bloomberg report on May 17 indicated that Kraken is “actively reviewing” its plans to comply with the upcoming MiCA framework. The regulation will be applied in two …
Kraken May Remove USDT in Europe Due to Upcoming Regulations Read More »
India’s SEBI Calls for Regional Monitoring of Crypto Transactions
The Securities and Exchange Board of India (SEBI) has suggested that multiple regulators oversee cryptocurrency trading in the country, according to documents seen by Reuters. The documents propose that different divisions within India’s financial authorities handle regulatory oversight. The Reserve Bank of India (RBI) also highlighted in a separate document that digital currencies pose a …
India’s SEBI Calls for Regional Monitoring of Crypto Transactions Read More »
Ex-Alameda Executive Urges Just Sentencing for Ryan Salame
Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely stayed out of the public eye since the collapse of FTX. Former Alameda Research co-CEO Sam Trabucco, who left the company before the collapse of cryptocurrency exchange FTX and the subsequent criminal charges against many of its executives, has called for …
Ex-Alameda Executive Urges Just Sentencing for Ryan Salame Read More »
Chicago Mercantile Exchange May Enter Bitcoin Spot Market, Challenging Binance and Coinbase
As the leading bitcoin futures exchange by open interest, the Chicago Mercantile Exchange (CME) is preparing to expand its offerings by introducing spot bitcoin trading. This strategic move aims to satisfy the increasing demand from market participants for regulated trading options, as reported by the Financial Times. The CME, which is already a powerhouse in …
Humanity Protocol Raises $30M at $1B Valuation for Decentralized ID, Competes with Worldcoin
Humanity Protocol has recently secured a substantial $30 million in seed funding, which has placed the valuation of the identity-focused blockchain project at a remarkable $1 billion. The protocol distinguishes itself from competitors like Worldcoin by utilizing palm prints for identity verification, rather than iris scans. The initiative aims to revolutionize identity verification through a …
Former BlackRock Executive and Bitcoin Advocate Becomes Vanguard’s New CEO
Salim Ramji, a former BlackRock executive known for his supportive stance on Bitcoin and blockchain technology, has been appointed as the new CEO of Vanguard. This development is particularly notable because it marks a departure from Vanguard’s traditional reservations about Bitcoin. Ramji’s involvement in launching BlackRock’s spot Bitcoin exchange-traded fund (ETF) earlier this year has …
Former BlackRock Executive and Bitcoin Advocate Becomes Vanguard’s New CEO Read More »
Ex-CFTC Chair Chris Giancarlo, (a.k.a. Crypto Dad) Joins Paxos Board After CFTC Tenure
J. Christopher Giancarlo, widely recognized as ‘Crypto Dad’ and former chair of the United States Commodity Futures Trading Commission (CFTC), has been appointed to the board of directors at Paxos, a prominent crypto firm. This announcement was made by Paxos on May 14, as part of its strategy to broaden its presence in regulated cryptocurrency …
Ex-CFTC Chair Chris Giancarlo, (a.k.a. Crypto Dad) Joins Paxos Board After CFTC Tenure Read More »
Tether Takes Action Against Phishing, Freezes $5.2 Million in USDT
Stablecoin giant Tether has recently blocked $5.2 million in its currency, USDT, specifically targeting funds tied to phishing scams. This action involved freezing assets across 12 Ethereum wallets, which were identified under the label “USDT Banned Address.” According to the chief security officer at the on-chain analytics firm SlowMist, these addresses were implicated in the …
Tether Takes Action Against Phishing, Freezes $5.2 Million in USDT Read More »
dYdX Announces CEO Antonio Juliano’s Resignation
After seven years at the helm of the prominent crypto derivatives platform, Antonio Juliano has resigned as CEO of the decentralized exchange dYdX. This transition was disclosed in a recent blog post dated May 13, where Juliano revealed his shift from the daily operations to taking on the roles of chairman and president of dYdX …
dYdX Announces CEO Antonio Juliano’s Resignation Read More »
Philippines Launches Testing for Peso-Backed Stablecoin Sandbox
The Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), has initiated controlled trials of a national stablecoin, PHPC, which is pegged 1:1 to the local peso. This pilot project, a collaboration with crypto wallet provider Coins.ph, has been sanctioned under the BSP’s Regulatory Sandbox Framework. As a condition of the pilot, Coins.ph is required to …
Philippines Launches Testing for Peso-Backed Stablecoin Sandbox Read More »
North Korean ‘Durian’ Malware Targets Cryptocurrency Firms
The North Korean hacking collective known as Kimsuky has deployed a novel malware, referred to as “Durian,” in attacks against South Korean cryptocurrency firms, as detailed in a recent threat assessment by cybersecurity experts at Kaspersky. This sophisticated malware was used to target at least two firms, leveraging security software specifically utilized by these companies. …
North Korean ‘Durian’ Malware Targets Cryptocurrency Firms Read More »
Kraken Petitions for SEC Case Dismissal, Warns of U.S. Financial Upheaval
Judge William H. Orrick is set to preside over a pivotal hearing on June 12, regarding a significant legal challenge posed by cryptocurrency exchange Kraken against the U.S. Securities and Exchange Commission (SEC). The dispute centers around whether the SEC oversteps its regulatory authority concerning cryptocurrencies listed by Kraken. In an assertive legal move, Kraken’s …
Kraken Petitions for SEC Case Dismissal, Warns of U.S. Financial Upheaval Read More »
Ethereum Layer-2 Chain ‘Eclipse’ Founder Steps Back Amid Sexual Misconduct Claims
Eclipse, a leading Ethereum scaling chain, is currently in the spotlight as its founder, Neel Somani, announced his decision to reduce his visibility within the company. This move comes in response to a series of sexual misconduct allegations that surfaced against him on the social media platform X. Somani, who also serves as CEO, stated …
Ethereum Layer-2 Chain ‘Eclipse’ Founder Steps Back Amid Sexual Misconduct Claims Read More »
$20 Million in Ethereum Returns to ZKasino Multisig, Fueling Refund Hope
In a surprising turn of events, over $20 million worth of bridged Ethereum has been returned to the blockchain-based gambling platform, ZKasino, nearly three weeks after it was embroiled in accusations of an exit scam by its users. The significant movement of funds occurred on May 9, with the ZKasino fund recovery initiative reporting that …
$20 Million in Ethereum Returns to ZKasino Multisig, Fueling Refund Hope Read More »
Chainalysis Expands into Dubai with New Regional HQ as Crypto Thrives
In a strategic move to capitalize on the burgeoning cryptocurrency market, Chainalysis has relocated its regional headquarters to Dubai. This shift highlights the close cooperation between the blockchain data and analytics firm and the local government, reinforcing the UAE’s role as a progressive hub for blockchain technology. On May 8, Chainalysis announced the inauguration of …
Chainalysis Expands into Dubai with New Regional HQ as Crypto Thrives Read More »
Grayscale Cancels Ethereum Futures ETF Application
Grayscale has officially retracted its application for an Ether futures exchange-traded fund (ETF), originally filed with the U.S. Securities and Exchange Commission (SEC), as a strategic decision arrives just three weeks prior to the SEC’s deadline for a decision on this matter. This withdrawal was marked by Grayscale’s submission of a notice to the SEC …
Grayscale Cancels Ethereum Futures ETF Application Read More »
SEC Chair Gary Gensler Annoyed by Repeated Crypto Questions
In a recent interview on CNBC’s Squawk Box, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), expressed his exasperation with the high volume of cryptocurrency-related questions he faces from journalists. Despite the crypto market’s significantly smaller size compared to the broader financial market, it seems to attract disproportionate attention. Gensler pointed …
SEC Chair Gary Gensler Annoyed by Repeated Crypto Questions Read More »
Nigeria’s SEC Moves to Ban P2P Trading in Naira
In an effort to tighten its grip on the cryptocurrency sector, the Nigerian government is gearing up to impose new regulations that will prohibit the use of the national currency, the Nigerian naira, in peer-to-peer (P2P) cryptocurrency transactions. The Securities and Exchange Commission (SEC) of Nigeria announced that it will introduce a new regulatory framework …
GNUS.AI Suffers a $1.27 Million Hack
On May 5, a significant security breach occurred on the Gnus.AI network when attackers exploited a token-minting vulnerability, leading to approximately $1.27 million in losses. The breach was facilitated through unauthorized access to private Discord messages of the Gnus.AI team, which revealed critical information including the team’s wallet address. Gnus.AI, a blockchain network designed for performing AI computations in return for tokens, faced a devastating …
Uniswap CEO Reveals the Right Way to Distribute Tokens
Hayden Adams, the founder and CEO of Uniswap, recently shared his views on the ethical dimensions of token distribution, focusing particularly on the issues surrounding transparency and fairness. His comments come in the wake of discussions about the token distribution processes used by EigenLayer. In a recent post on social media platform X, Adams clarified …
Uniswap CEO Reveals the Right Way to Distribute Tokens Read More »
BTC-e Founder Admits Involvement in $9 Billion Money Laundering Scheme
Alexander Vinnik, the co-founder of cryptocurrency exchange BTC-e, has entered a guilty plea to charges of money laundering, according to a recent announcement by the United States Department of Justice (DOJ). This admission is part of a larger crackdown on unlawful operations linked to the crypto platform which operated from 2011 until 2017. The DOJ disclosed on May 3 that under Vinnik’s …
BTC-e Founder Admits Involvement in $9 Billion Money Laundering Scheme Read More »
Is Stronghold Digital Mining Planning to Sell Out?
Stronghold Digital Mining, a notable entity listed on Nasdaq, has publicly expressed that it is exploring various strategic avenues to enhance shareholder value, including potentially selling the company. This decision was highlighted in their first-quarter financial report of 2024. The company is contemplating several alternatives to elevate its share price, such as divesting all or …
Is Stronghold Digital Mining Planning to Sell Out? Read More »
Iranian Crypto Miners Seen as a National Security Risk by US Lawmakers
US Senators Elizabeth Warren and Angus King have expressed concerns regarding the national security risks posed by cryptocurrency mining activities in Iran. In a recent letter to key US officials, they urged the Biden administration to investigate the potential connections between Iranian crypto miners and their government, particularly in relation to the evasion of US sanctions. Addressed to National Security Advisor Jake Sullivan, Defense Secretary Lloyd Austin, …
Iranian Crypto Miners Seen as a National Security Risk by US Lawmakers Read More »
MicroStrategy to Roll Out New Bitcoin-Based Decentralized Identity Solution
MicroStrategy has announced the launch of a new decentralized identity solution, known as MicroStrategy Orange, leveraging the Bitcoin network. This innovative platform was introduced by Michael Saylor, the company’s executive chairman, during the Bitcoin For Corporations conference held on May 1. MicroStrategy Orange, distinctively open-source and not reliant on sidechains, can process up to 10,000 decentralized identifiers (DIDs) in a single Bitcoin transaction. Saylor highlighted …
MicroStrategy to Roll Out New Bitcoin-Based Decentralized Identity Solution Read More »
Cross-Chain Bridge Between Solana and Bitcoin to Launch in Q3 2024
The cryptocurrency landscape is poised for a significant evolution as the Zeus Network announced plans to launch its Zeus Program Library (ZPL) by Q3 2024, facilitating a cross-chain bridge between Solana and Bitcoin. This development aims to bridge the gap between the two major blockchain ecosystems, enhancing Bitcoin holders’ ability to interact with decentralized finance (DeFi) on Solana. On May 1, Zeus Network highlighted the capabilities of ZPL-Assets in unlocking …
Cross-Chain Bridge Between Solana and Bitcoin to Launch in Q3 2024 Read More »
Record-Breaking Low: April Sees Just $25M in Crypto Scams, Says CertiK
In April, the cryptocurrency community saw its lowest losses from hacks and scams since 2021, totaling only $25.7 million, as reported by CertiK, a leader in blockchain security. This represents the lowest level of financial damage tracked by CertiK since it began its records. The substantial decline in losses, which dropped by 141% compared to the previous month, is largely credited to a reduction in private key hacks. While …
Record-Breaking Low: April Sees Just $25M in Crypto Scams, Says CertiK Read More »
Roger Ver (a.k.a. Bitcoin Jesus) Faces Tax Fraud Charges by US Justice Department
The United States Department of Justice has formally charged Roger Ver, an early investor in cryptocurrency widely known as ‘Bitcoin Jesus,’ with tax fraud. The charges allege that Ver evaded paying taxes on nearly $50 million in capital gains from his cryptocurrency transactions. On April 30, it was revealed that Spanish authorities had arrested Ver following an indictment by the U.S. which included charges of mail fraud, tax evasion, …
Roger Ver (a.k.a. Bitcoin Jesus) Faces Tax Fraud Charges by US Justice Department Read More »
MicroStrategy Doubles Down on Bitcoin Despite $53.1M Q1 Loss
MicroStrategy, a significant corporate investor in Bitcoin, faced a $53.1 million net loss in the first quarter of 2024, even as it added more Bitcoin to its holdings in April. The loss was primarily due to a $191.6 million impairment on digital assets, marking a tenfold increase from Q1 2023. The company’s revenue also decreased by 5.5% from the previous year, totaling $115.2 million as reported in their …
MicroStrategy Doubles Down on Bitcoin Despite $53.1M Q1 Loss Read More »
South Korea to Supercharge Its Crypto Crime Unit in New Initiative
South Korea is moving to upgrade its crypto crime unit from a temporary entity to a permanent department in response to increasing enforcement actions. The South Korean Ministry of Justice and Ministry of Security and Public Administration are spearheading this initiative, as noted in a report by the local news outlet Segye Ilbo. Key discussions concerning budget allocations and prosecutor appointments are scheduled for the beginning of next …
South Korea to Supercharge Its Crypto Crime Unit in New Initiative Read More »
Stricter Regulations Imposed on Crypto Advertising in Thailand
The Thai Securities and Exchange Commission (SEC) is intensifying efforts to safeguard cryptocurrency investors from deceptive advertising practices. As of April 29, the SEC has issued warnings to all operational crypto exchanges within the country, urging them not to glamorize the allure of cryptocurrency investments and to strictly adhere to established advertising standards. Deputy Secretary-General Anek Yooyuen expressed the commission’s concern about promotions offered …
Stricter Regulations Imposed on Crypto Advertising in Thailand Read More »
Ethereum ETF by Franklin Templeton Now Listed on DTCC
Franklin Templeton, a global asset management firm with assets worth $1.5 trillion, has made a significant move in the cryptocurrency space by listing its spot Ether exchange-traded fund (ETF) — the Franklin Ethereum TR Ethereum ETF (EZET) — on the Depository Trust and Clearing Corporation (DTCC) platform. This platform plays a critical role in the securities transactions sector within the United States. The DTCC’s “Create/Redeem” section now displays the …
Ethereum ETF by Franklin Templeton Now Listed on DTCC Read More »
Pantera Capital Aims to Raise $1 Billion for New Crypto Fund
Pantera Capital is planning an ambitious initiative to establish a new fund, the Pantera Fund V, aiming to raise over $1 billion. This new fund is set to launch in April 2025 and will mark a strategic shift in the firm’s approach, moving towards an ‘all-in-one‘ fund strategy that contrasts with its existing, more specialized funds. These include …
Pantera Capital Aims to Raise $1 Billion for New Crypto Fund Read More »
Is the FBI Coming for Crypto Mixers? New Warning Sparks Concerns
A recent announcement from the FBI, advising Americans to avoid using unlicensed money-transmitting services, has sparked discussions in the cryptocurrency community. The warning is believed to primarily concern smart-contract-driven privacy tools, which include crypto mixing services. On April 25, the FBI emphasized the importance of using only registered Cryptocurrency Money Services Businesses that adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) laws. …
Is the FBI Coming for Crypto Mixers? New Warning Sparks Concerns Read More »
EU Implements New Crypto Regulations to Fight Money Laundering
The European Parliament recently endorsed new regulations aimed at combating money laundering within the cryptocurrency sector. These regulations establish specific due diligence requirements for cryptocurrency companies, ensuring rigorous identity checks for customers and obliging them to report any suspicious activities. Key entities affected include crypto-asset service providers (CASPs), such as centralized crypto exchanges regulated under the Markets in Crypto-Assets (MiCA) framework, as well as various other sectors including gambling services. …
EU Implements New Crypto Regulations to Fight Money Laundering Read More »
Stablecoins Could See Surge in Banking Sector with New Bill: S&P Global
The introduction of the Lummis-Gillibrand Payment Stablecoin Act to the U.S. Senate might lead major banks to enter the stablecoin market, according to S&P Global Ratings. This bill, presented on April 17, aims to propel banks into issuing U.S. dollar-pegged stablecoins and may disrupt large non-U.S. entities like Tether that currently dominate the stablecoin issuance. S&P Global Ratings in a …
Stablecoins Could See Surge in Banking Sector with New Bill: S&P Global Read More »
Jack Dorsey’s Latest Move: A Full Bitcoin Mining System by Block!
Originally introduced as an idea in October 2021 by then-CEO Jack Dorsey, the payments firm Block, previously known as Square, has now confirmed plans to advance a comprehensive Bitcoin mining system. This initiative is aimed at addressing various challenges mining operators currently face. In a recent blog post dated April 23, Block disclosed its achievement in developing a three-nanometer chip tailored for Bitcoin mining, marking …
Jack Dorsey’s Latest Move: A Full Bitcoin Mining System by Block! Read More »
Revisited: What Did Satoshi Nakamoto Say in His Mysterious Final Email?
In April 2011, the enigmatic Satoshi Nakamoto, the pseudonymous creator behind Bitcoin, signaled a definitive step back from the cryptocurrency project. In what would become known as their last communication to Bitcoin’s pioneering developers, Nakamoto conveyed a clear message: they had “moved on to other things,” entrusting the burgeoning digital currency into the hands of the community. This historic transition was …
Revisited: What Did Satoshi Nakamoto Say in His Mysterious Final Email? Read More »
Ripple Stands Up to SEC’s $2 Billion Fine, Counters with $10 Million Limit Proposal
In a recent legal maneuver, Ripple Labs has contested the United States Securities and Exchange Commission’s (SEC) hefty fine proposal, advocating for a substantially lower penalty. The cross-border payment firm argued against the SEC’s suggestion to a federal judge, which could see Ripple facing nearly $2 billion in fines, urging the court to cap the civil penalty at $10 million instead. The …
Ripple Stands Up to SEC’s $2 Billion Fine, Counters with $10 Million Limit Proposal Read More »
Stacks Blockchain Kicks Off Major ‘Nakamoto’ Update with Two-Step Rollout
The Stacks blockchain is set for a significant update aimed at addressing congestion problems. This major upgrade, named ‘Nakamoto‘ in honor of Bitcoin’s pseudonymous creator, has officially begun its deployment. Initiated at Bitcoin block height 840,360, the rollout marks the start of a two-step process scheduled to conclude in late May. ‘Nakamoto‘ will transform how …
Stacks Blockchain Kicks Off Major ‘Nakamoto’ Update with Two-Step Rollout Read More »
Tether Debuts on TON Blockchain with $60 Million Issuance, CEO Enthusiastic About Launch
Just two days after announcing their partnership at the Token2049 event in Dubai, Tether has successfully issued $60 million of its USDT stablecoin on The Open Network (TON), now ranking it as the 11th-largest blockchain host for Tether among 16. The partnership, revealed on April 19 during the Token2049 cryptocurrency conference, marks Tether’s new venture of minting USDT directly on …
Tether Debuts on TON Blockchain with $60 Million Issuance, CEO Enthusiastic About Launch Read More »
In Move to Combat Online Crimes, Thailand Targets Unlicensed Crypto Exchanges
Following the footsteps of India and the Philippines, Thailand has announced a decisive measure against unlicensed crypto exchanges. The Thai government aims to block these exchanges in a bid to tackle money laundering and other online criminal activities. This decision, mirroring actions taken by neighboring countries, underscores a regional commitment to stringent regulatory compliance in the digital economy. The Thai Securities and Exchange Commission (SEC) is set to deliver a …
In Move to Combat Online Crimes, Thailand Targets Unlicensed Crypto Exchanges Read More »
Canada to Enforce New International Crypto Tax Reporting Guidelines
Canada is set to align with the Organization for Economic Co-operation and Development (OECD) standards for crypto asset tax reporting, aiming to have these standards operational by 2027—a goal shared with 46 other countries. Canada’s 2024 annual budget supplement outlines plans to implement the international Crypto-Asset Reporting Framework (CARF) by 2026, a year ahead of the global target. The CARF will introduce new reporting obligations for crypto …
Canada to Enforce New International Crypto Tax Reporting Guidelines Read More »
SEC Claims Justin Sun Made Numerous Trips to the US, Strengthening Lawsuit’s Jurisdiction
The U.S. Securities and Exchange Commission (SEC) has updated its lawsuit against Tron founder Justin Sun, emphasizing his frequent visits to the United States as a basis for jurisdiction in the case. This move follows Sun’s attempt last month to dismiss the lawsuit on grounds that the SEC lacked jurisdiction over his activities. The amended complaint, filed in a Manhattan federal …
Former Ethereum Developer Virgil Griffith Seeks Resentencing for North Korea Involvement
In a significant legal development, Virgil Griffith, previously a developer for Ethereum, has made a formal request to lessen his current 63-month prison sentence. This plea was conveyed through a letter by Griffith’s attorney, Glen Garrett McGorty, to Judge Kevin Castel at the Southern District of New York’s U.S. District Court on April 17. The request is rooted in recent changes to …
Former Ethereum Developer Virgil Griffith Seeks Resentencing for North Korea Involvement Read More »
Dubai Grants Binance Crypto License Following Departure of CEO CZ
Binance, the leading global cryptocurrency exchange, recently secured a pivotal regulatory license in Dubai, marking a significant stride amid ongoing scrutiny. The exchange was granted its Virtual Asset Service Provider (VASP) license after Changpeng Zhao, the co-founder, relinquished his voting rights within Binance’s Dubai-based unit. This move came as a final stipulation from Dubai’s Virtual Assets Regulatory Authority (VARA) for the license …
Dubai Grants Binance Crypto License Following Departure of CEO CZ Read More »
$74 Million Pulled Out of Parcl Post-Airdrop: What’s Happening?
Investors began withdrawing substantial funds from the Solana-based real estate betting platform Parcl early this month, subsequent to the platform’s announcement of a snapshot for an upcoming airdrop. In early April, Parcl initiated the distribution of its native PRCL tokens to eligible users following the airdrop snapshot, which was taken on April 3. This led to significant withdrawals from the platform, with Parcl’s total value locked (TVL) decreasing by …
$74 Million Pulled Out of Parcl Post-Airdrop: What’s Happening? Read More »
Korean Won Surges to Become the Leading Fiat for Cryptocurrency Trading
In the dynamic world of cryptocurrency trading, the South Korean won has emerged as the top fiat currency, surpassing the US dollar in the first quarter of 2024. Recent data shows the won dominating with over $456 billion in transactions on centralized exchanges, slightly edging out the US dollar’s $455 billion. This shift in trading volume is largely attributed to intense competition among …
Korean Won Surges to Become the Leading Fiat for Cryptocurrency Trading Read More »
Fiji’s Central Bank Issues Warning on Crypto Usage
Despite prior discussions by Fiji’s Prime Minister Sitiveni Rabuka about integrating Bitcoin into the Fijian economy, the Reserve Bank of Fiji (RBF) has recently advised the public against the use of cryptocurrencies for either payment or investment purposes. This move starkly contrasts with the Prime Minister’s previously perceived stance on digital currencies. According to an official statement, Fijian residents could face legal …
Fiji’s Central Bank Issues Warning on Crypto Usage Read More »
UK’s Big Crypto Shake-Up: New Rules Coming by July!
In a significant move to refine the financial technology landscape, the UK’s Economic Secretary to the Treasury, Bim Afolami, announced the government’s plans to enhance the payment systems and bring regulatory clarity to digital assets and blockchain technologies. This announcement was made at the Innovate Finance Global Summit (IFGS) 2024. The UK Treasury is on the brink of introducing a comprehensive regulatory framework for cryptocurrencies …
UK’s Big Crypto Shake-Up: New Rules Coming by July! Read More »
Bitcoin Treasure from 2010 Moves! What’s Behind the 14-Year Slumber?
In April 2010, only a short while after Bitcoin’s network was launched, a miner successfully mined 50 BTC. These bitcoins, amassed during the nascent stages of Bitcoin’s existence, have remained untouched for an impressive 14 years. Today, these long-held assets, now valued at over $3 million, found their way into new transactions, marking a rare activity for bitcoins from this period. …
Bitcoin Treasure from 2010 Moves! What’s Behind the 14-Year Slumber? Read More »
Germany’s Major Bank LBBW Collaborates with Bitpanda for Crypto Services
The Landesbank Baden-Württemberg (LBBW), Germany’s prominent state-backed lender, has announced a strategic partnership with Austrian exchange platform Bitpanda to offer cryptocurrency custody services. This collaboration marks a significant step for LBBW as it moves to integrate digital assets into its service offerings, targeting the corporate sector initially. Planned for launch in the latter half of 2024, this initiative will provide LBBW’s …
Germany’s Major Bank LBBW Collaborates with Bitpanda for Crypto Services Read More »
Chainlink Launches ‘Transporter’ to Enhance Safety in Cross-Blockchain Transfers
“Having a secure way to move both value and data across chains is something the blockchain industry has needed for years,” said Sergey Nazarov, the co-founder of Chainlink, during his address at the SmartCon conference in Barcelona. Chainlink’s latest innovation, the blockchain bridge application “Transporter,” was unveiled to the public. This application is designed to enable the secure and efficient movement of cryptocurrency …
Chainlink Launches ‘Transporter’ to Enhance Safety in Cross-Blockchain Transfers Read More »
Why Kraken Is Ending Monero Trades in Ireland and Belgium Soon
Kraken, a major cryptocurrency exchange, has declared that it will soon cease support for Monero (XMR), a privacy-oriented cryptocurrency, for its users in Ireland and Belgium. This decision follows upcoming regulatory changes within the European Union that restrict crypto asset service providers (CASPs) from handling privacy-focused cryptocurrencies. Starting May 10, Kraken will no longer allow trading or deposits of XMR. The exchange …
Why Kraken Is Ending Monero Trades in Ireland and Belgium Soon Read More »
Paraguay Reevaluates Ban on Bitcoin Mining, Considers Energy Sales to Miners
Paraguay’s legislators have paused the advancement of a blanket ban on cryptocurrency mining, opening up discussions on an alternative that could see the country selling surplus energy from the Itaipu hydropower plant to mining operations. This pivot comes in response to concerns over illegal mining activities that have reportedly disrupted the nation’s power supply. In a significant legislative session on April …
Paraguay Reevaluates Ban on Bitcoin Mining, Considers Energy Sales to Miners Read More »
El Salvador Makes History with First Tokenized Debt for Hilton Hotel via Bitfinex Securities
El Salvador is embarking on a groundbreaking venture with Bitfinex Securities at the helm, announcing the launch of the nation’s inaugural tokenized debt to facilitate the construction of a new Hilton hotel. This venture is leveraging the Liquid Network, a bitcoin sidechain, for the issuance of the tokens. In a move aimed at raising $6.25 million, Bitfinex Securities is offering investors a 10% coupon over a span …
Breaking: Crypto.com Unlocks Dubai with Full Operational License!
Crypto.com has successfully secured full operational approval to commence its services in Dubai, primarily focusing on institutional investors. This achievement marks a significant milestone, positioning Crypto.com as the first global cryptocurrency firm to operate with fiat currency within the United Arab Emirates (UAE). The approval was granted by Dubai’s Virtual Assets Regulatory Authority (VARA), acknowledging Crypto.com’s local entity, CRO DAX Middle East FZE, which is now listed on …
Breaking: Crypto.com Unlocks Dubai with Full Operational License! Read More »
Paradigm Spearheads $225 Million Investment in Promising ‘Solana Killer’ Layer 1
In the dynamic realm of cryptocurrency investments, venture capital interest continues to ascend, with Paradigm, a leading crypto-focused venture capital (VC) firm, spearheading a substantial $225 million funding initiative. This financial injection is poised to catalyze the development of a groundbreaking layer-1 blockchain network, heralded as a formidable rival to Solana and other leading platforms. …
Paradigm Spearheads $225 Million Investment in Promising ‘Solana Killer’ Layer 1 Read More »
Crypto Powerhouse Polychain Invests Millions in Ritual’s $25M AI Funding Initiative
In a bold step towards diversifying the artificial intelligence (AI) landscape, Polychain Capital has finalized a significant investment in Ritual, an AI platform. This investment, described as “multimillion dollar,” marks a notable conclusion to Ritual’s $25 million funding round initiated last November. Ritual’s ambitious project aims to disrupt the current centralized paradigm of AI systems, proposing a decentralized alternative in response to the rapid adoption and growing influence …
Crypto Powerhouse Polychain Invests Millions in Ritual’s $25M AI Funding Initiative Read More »
Jim Lee, Ex-IRS Criminal Investigations Leader, Joins Chainalysis
Chainalysis, a leader in blockchain analytics, has recently welcomed Jim Lee, the former Chief of the Internal Revenue Service’s Criminal Investigations (IRS-CI) division, to its team. Lee will serve in the newly established role of Global Head of Capacity Building, aiming to strengthen the collaboration between Chainalysis and various regulatory, law enforcement, tax agencies, and financial institutions. His mission is to enhance their …
Jim Lee, Ex-IRS Criminal Investigations Leader, Joins Chainalysis Read More »
Why Fantom’s CEO is Betting on Solana, Despite Everything
Fantom’s Andre Cronje recently voiced his support for the Solana network, highlighting the challenges it faces due to its success. Cronje, a prominent figure in the decentralized finance sector, views the congestion on Solana not as a flaw but as a consequence of the platform’s rapid growth, which has escalated the demand for block space. This perspective was …
Why Fantom’s CEO is Betting on Solana, Despite Everything Read More »
Following Coinbase’s Lead, HashKey Unveils Its Own Global Exchange in Bermuda
In a strategic move to extend its reach beyond Hong Kong, HashKey Group has launched HashKey Global, a new global crypto exchange set to rival Coinbase’s international platform. This venture into Bermuda marks HashKey’s bold steps toward global expansion. During an insightful interview with Bloomberg on April 8, Ben El-Baz, the managing director at HashKey Global, shared the company’s vision post-observing Coinbase’s successful …
Following Coinbase’s Lead, HashKey Unveils Its Own Global Exchange in Bermuda Read More »
Sony Bank’s Latest Experiment Could Revolutionize How We Pay for Gaming and Sports Content
Sony Bank is currently exploring the issuance of a yen-backed stablecoin to facilitate payments for companies utilizing intellectual property (IP) from the Sony Group. Japan’s Sony Bank, a financial division within the vast Sony Group Corporation, has embarked on a pioneering trial to issue its very own stablecoin, which will be pegged to established fiat currencies like the Japanese yen. This initiative, …
Ethena Adopts Bitcoin as a Stability Asset for USDe Enhancement
Ethena is leveraging a sophisticated strategy involving bitcoin to enhance the stability and yield of its USDe tokens. Here’s how they’re doing it: Since its introduction, Ethena has been engaging in the practice of shorting ether (ETH) futures and capturing funding rates as a means to generate returns on its USDe tokens, a synthetic dollar designed to always be worth $1. To date, this …
Ethena Adopts Bitcoin as a Stability Asset for USDe Enhancement Read More »
Justice Served: OneCoin’s Legal Boss Locked Up for Epic $4 Billion Crypto Heist
In a landmark decision that underscores the severity of fraud within the cryptocurrency industry, Irina Dilkinska, the ex-chief of legal and compliance for the notorious OneCoin scam, has been handed a four-year prison sentence. This judgment comes after Dilkinska’s admission of her involvement in laundering millions for the scheme. On Wednesday, United States District Judge Edgardo Ramos delivered the sentence, spotlighting Dilkinska’s crucial role in the Ponzi scheme that deceived …
Justice Served: OneCoin’s Legal Boss Locked Up for Epic $4 Billion Crypto Heist Read More »
Singapore Says Yes to GSR: A New Era for Crypto Market Making?
In a groundbreaking move, GSR, a prominent crypto market maker and liquidity provider, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This pivotal license marks GSR as the first crypto market maker to receive such recognition in Singapore, setting a new precedent in the regulatory landscape. The license, known as the Digital Payment Token Service license, permits companies …
Singapore Says Yes to GSR: A New Era for Crypto Market Making? Read More »
Undeterred by Regulatory Gaze, Crypto.com Boldly Enters South Korea
In a significant move toward consolidating its market position, Crypto.com is set to unveil its cryptocurrency trading application to South Korean retail investors on April 29. This launch is anticipated to provide access to a vast array of over 150 digital currencies and non-fungible tokens (NFTs) through the Crypto.com app, targeting a crucial demographic in the company’s expansion plan. Eric Anziani, Crypto.com’s president and CEO, emphasized the collaborative …
Undeterred by Regulatory Gaze, Crypto.com Boldly Enters South Korea Read More »
Crypto Firms in Argentina Now Subject to Registration Requirements
Argentina’s government is actively setting in motion requirements for cryptocurrency exchanges to operate legitimately within its jurisdiction. Announced on March 25, the country’s Comisión Nacional de Valores (CNV), analogous to a securities regulatory body, outlined that virtual asset service providers must now align with recommendations from the Financial Action Task Force (FATF). This move necessitates certain crypto service providers to register with the Argentine government, marking …
Crypto Firms in Argentina Now Subject to Registration Requirements Read More »
Vitalik Buterin Teases What’s Coming for the Ethereum Purge
Ethereum’s co-creator, Vitalik Buterin, recently detailed forthcoming advancements aimed at refining the protocol and diminishing the computational burden on nodes, a phase termed “The Purge.” This critical component of Ethereum’s progression focuses on eliminating obsolete and unnecessary network history, thereby streamlining operations over time. Key to The Purge is its role in minimizing the volume of historical data retained, significantly reducing …
Vitalik Buterin Teases What’s Coming for the Ethereum Purge Read More »
$68M Gone in a Flash: How Munchables is Bouncing Back with Tighter Security and More Devs
Following a significant security breach where nearly $68 million was nearly lost to a rogue developer, Munchables, an Ethereum-based NFT game platform, has announced comprehensive changes to its operations. These changes include adding new signers to its multisig wallet, reauditing its smart contracts, and revising its developer hiring process to prevent future losses. Days after the incident, Munchables outlined its strategy to fortify …
Polygon’s CEO Critiques L3’s Impact on Ethereum’s Value
Marc Boiron, the CEO of Polygon, recently stirred up a heated discussion on social media after expressing his viewpoint that layer-3 (L3) networks are not essential for the scaling of Ethereum. Instead, he suggests they detract value from Ethereum’s main network. Boiron elaborated on April 1 that Polygon Labs, primarily focused on layer-2 (L2) scaling solutions for Ethereum, deliberately avoids engaging …
Polygon’s CEO Critiques L3’s Impact on Ethereum’s Value Read More »
Prisma Finance Reports $540K in Funds Still Vulnerable; Hacker Issues Ultimatum for Team to Unmask
Prisma Finance, a decentralized borrowing protocol, is currently grappling with the aftermath of a significant security breach that resulted in an $11.6 million loss last week. The protocol has disclosed that approximately $540,000 of funds are still vulnerable due to 14 accounts that have not yet rescinded a compromised smart contract. This situation has escalated with demands from the purported ethical hacker …
Why Charities Can’t Overlook Cryptocurrency Anymore
The adoption of cryptocurrency among charities and nonprofits is on a significant upward trajectory. A recent 2024 report by The Giving Block, a prominent crypto charity organization, reveals that an impressive 56% of the United States’ top 100 charities now welcome crypto donations, signaling a notable shift in the sector’s openness to digital currencies. This development represents a dramatic change from the initial skepticism that many nonprofits had towards crypto payments. Back …
Why Charities Can’t Overlook Cryptocurrency Anymore Read More »
Hackers Deploy Malware in Call of Duty Cheats to Steal Bitcoin from Gamers
A group of cybercriminals has launched a campaign using an information-stealing malware targeting individuals cheating in video games, specifically Call of Duty, to exfiltrate their bitcoin holdings. This nefarious scheme has already compromised the security and finances of hundreds of thousands of gaming enthusiasts, with the victim count continuing to rise, according to insights shared by malware information source @vxunderground. Interestingly, not all victims …
Hackers Deploy Malware in Call of Duty Cheats to Steal Bitcoin from Gamers Read More »
Vitalik’s Secret Sauce: The Next Level of Ethereum Staking Decentralization!
Ethereum’s co-founder, Vitalik Buterin, has put forward a novel approach to promote enhanced decentralization within Ethereum’s ecosystem. This method specifically targets improving the decentralization of staking by introducing penalties for what’s termed as correlated failures among validators. Buterin unveiled his ideas in a detailed post on March 27, aimed at the Ethereum Research forum. His proposal centers on intensifying the incentives for anti-correlation …
Vitalik’s Secret Sauce: The Next Level of Ethereum Staking Decentralization! Read More »
Crypto Scammers Included in Musk’s Free Premium X Feature Rollout
Elon Musk has introduced a pivotal shift on X (formerly Twitter), aiming to curtail the rampant scam and spam activities that have beset the platform. By offering free access to premium features for influential accounts, Musk hopes to enhance authenticity and engagement. This move, however, has raised eyebrows within the cryptocurrency community, as the same privileges extended to combat disingenuous activities could inadvertently benefit …
Crypto Scammers Included in Musk’s Free Premium X Feature Rollout Read More »
Hacker Returns $62.8M Worth of Ether to Munchables Without Ransom Conditions
In a recent turn of events within the crypto gaming space, the Ethereum-based nonfungible token (NFT) game Munchables witnessed a significant security breach. The incident, which unfolded over several hours, involved the theft of over 17,400 Ether (ETH), equivalent to approximately $62.8 million. The surprising twist came when the hacker, later identified as a developer within the Munchables team, returned …
Hacker Returns $62.8M Worth of Ether to Munchables Without Ransom Conditions Read More »
Vitalik Buterin Spills the Truth About the Metaverse: All Hype?
Metaverse tokens boast a substantial $18 billion market valuation, yet the envisioned future of a fully immersive digital universe, akin to the one depicted in “Ready Player One,” remains on the horizon. During his speech at the BUIDL Asia conference in Seoul, Vitalik Buterin, a prominent figure in the Ethereum community, voiced his perspective on the Metaverse, emphasizing the necessity for …
Vitalik Buterin Spills the Truth About the Metaverse: All Hype? Read More »
Zuckerberg Steps into Fediverse Territory as Musk’s Social Media Influence Wanes
Meta’s strategic foray into the decentralized realm of the Fediverse, integrating its platforms Instagram and Threads, marks a notable pivot in the social media landscape. This move is seen as aligning with Meta’s proclaimed dedication to decentralization and user privacy, contrasting sharply with the centralized approach of Elon Musk’s X (formerly Twitter), which has experienced a decline in user engagement and overall popularity. …
Zuckerberg Steps into Fediverse Territory as Musk’s Social Media Influence Wanes Read More »
Get Ready: Bitcoin and Ether ETNs Hit London Stock Exchange on May 28!
The London Stock Exchange (LSE) is poised to establish a new marketplace for bitcoin and ether exchange-traded notes (ETNs), marking a significant development in the integration of cryptocurrencies into traditional financial markets. This initiative follows the U.K. Financial Conduct Authority’s (FCA) earlier announcement permitting Recognized Investment Exchanges to introduce a listed market segment specifically for ETNs. Scheduled to commence on May 28, this venture into crypto …
Get Ready: Bitcoin and Ether ETNs Hit London Stock Exchange on May 28! Read More »
Breaking: ParaSwap Rolling Back the Crypto Crisis After Smart Contract Snafu
ParaSwap, a decentralized finance (DeFi) aggregator, has effectively addressed a significant flaw in its AugustusV6 smart contract, initiating the process of restoring assets to users who had withdrawn permissions for the contract. This action follows the discovery of a critical vulnerability within the contract last week. On March 24, the ParaSwap team announced via X (formerly Twitter) that they have successfully returned all recovered …
Breaking: ParaSwap Rolling Back the Crypto Crisis After Smart Contract Snafu Read More »
The Race is On: BlackRock’s ETF Poised to Beat GBTC in Bitcoin Holdings
BlackRock’s recently launched spot Bitcoin ETF is on the verge of eclipsing the Bitcoin holdings of the Grayscale Bitcoin Trust (GBTC) in just over two weeks, given the current trends continue without significant change. This noteworthy development signals a potential shift in the landscape of institutional Bitcoin holdings. As of the last update, BlackRock’s ETF boasts 238,500 Bitcoins, valued at $15.5 billion, with a remarkable daily …
The Race is On: BlackRock’s ETF Poised to Beat GBTC in Bitcoin Holdings Read More »
OKX Exits India: What’s Next for Crypto Services?
Crypto service giant OKX has officially announced its decision to cease operations in India, prompting immediate action from its customer base. Users have been given a deadline of April 30 to finalize their dealings, emphasizing the urgency for clients to liquidate their positions within this timeframe. In a decisive move attributed to regulatory measures within the nation, OKX communicated to its Indian clientele …
OKX Exits India: What’s Next for Crypto Services? Read More »
How North Korea’s Elite Hackers Stole a Fortune in Crypto: A $3 Billion Tale by the UN
A UN Security Council panel is currently delving into 17 cryptocurrency thefts that occurred in 2023, with suspicions pointing towards North Korea’s involvement. These thefts collectively amounted to a staggering sum exceeding $750 million. Between 2017 and 2023, cryptocurrency heists linked to North Korea are estimated to have siphoned off $3 billion, as reported by South Korea’s Yonhap news agency, referencing a study …
How North Korea’s Elite Hackers Stole a Fortune in Crypto: A $3 Billion Tale by the UN Read More »
Android Users, Rejoice: Robinhood’s Crypto Wallet is Here!
In a move that broadens its cryptocurrency services, Robinhood has now made its crypto wallet available to Android users, further enhancing access to digital assets for its clientele. As of March 20, the Robinhood Wallet application has been launched on Google Play, signifying a significant step towards inclusive financial technology. The application allows users to …
Android Users, Rejoice: Robinhood’s Crypto Wallet is Here! Read More »
Coinbase Shakes Up Crypto Market with Launch of DOGE Futures – No Longer Just a Meme!
Coinbase, the renowned cryptocurrency exchange, has unveiled plans to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash, targeting an April 1 launch date. This move highlights Dogecoin’s transformation from a humorous internet meme to a significant player in the cryptocurrency space, signaling its “enduring popularity” and established status in the industry. The exchange communicated …
Coinbase Shakes Up Crypto Market with Launch of DOGE Futures – No Longer Just a Meme! Read More »
Slerf Beats Ethereum! The Solana Meme Coin Making Waves in Trading Volume
In a surprising turn of events, Slerf, a new meme coin on the Solana blockchain, has taken the crypto world by storm, outperforming all Ethereum-based decentralized exchanges in trading volume just a day after its launch. This remarkable achievement highlights the growing fascination with meme coins among traders and investors. The unexpected surge in Slerf’s …
Slerf Beats Ethereum! The Solana Meme Coin Making Waves in Trading Volume Read More »
Tokenizing the World: How BlackRock and Securitize Are Changing the Game
In a recent interview, Larry Fink, the CEO of BlackRock, highlighted the company’s efforts in launching exchange-traded funds (ETFs) for bitcoin and ether as foundational steps toward the broader goal of asset tokenization. Investment powerhouse BlackRock has unveiled the BlackRock USD Institutional Digital Liquidity Fund, in a strategic move to explore the burgeoning field of …
Tokenizing the World: How BlackRock and Securitize Are Changing the Game Read More »
Fidelity’s Latest Move: Injecting Staking into Its Ethereum ETF Proposal!
Fidelity’s introduction of staking into its spot Ether ETF proposal sent ripples through the crypto market, briefly buoying the price of LDO. The financial behemoth has proposed to the U.S. Securities and Exchange Commission (SEC) that it be allowed to stake a part of the ETF’s Ethereum holdings. This move aims to yield additional earnings …
Fidelity’s Latest Move: Injecting Staking into Its Ethereum ETF Proposal! Read More »
SEC in Hot Water: Unprecedented Sanctions for Debt Box Debacle
A recent ruling from a U.S. district court has placed the Securities and Exchange Commission (SEC) under scrutiny, issuing sanctions against the regulator for what has been described as a deliberate misuse of power in its legal action against Debt Box. The controversy arose from the SEC’s lawsuit, which was initiated on grounds that later …
SEC in Hot Water: Unprecedented Sanctions for Debt Box Debacle Read More »
AI plus Blockchain: The Winning Formula for Venture Capital?
In the first half of March, a selection of startups, including Utila, Synnax, UXLINK, TEN, TON, and Sahara secured funding, signaling a vibrant period for venture capital in the realms of AI and blockchain technology. As we near the end of the first quarter of 2024, the cryptocurrency sector is witnessing a positive shift in …
AI plus Blockchain: The Winning Formula for Venture Capital? Read More »
DOJ Drops the Hammer: 40-50 Years in Prison for Sam Bankman-Fried?
In a significant development within the cryptocurrency world, U.S. legal authorities have put forward a recommendation for Sam Bankman-Fried, the founder and former CEO of FTX, a previously leading crypto exchange, to face 40-50 years in prison. This recommendation comes as a consequence of his conviction on several charges, including fraud and conspiracy, all of …
DOJ Drops the Hammer: 40-50 Years in Prison for Sam Bankman-Fried? Read More »
Satoshi Nakamoto’s Identity Remains a Mystery After Court Ruling Against Craig Wright
In a landmark ruling that could reshape the landscape of cryptocurrency litigation, a U.K. court has definitively concluded that Craig Wright is not the enigmatic Satoshi Nakamoto, nor did he pen the foundational Bitcoin whitepaper. This verdict, handed down by Judge James Mellor, comes after the Crypto Open Patent Alliance (COPA) initiated legal action against Wright, aiming to halt his practice of suing developers and …
Satoshi Nakamoto’s Identity Remains a Mystery After Court Ruling Against Craig Wright Read More »
Coinbase Clashes with Senators Over Crypto ETF Approval Requests to SEC
Coinbase’s Chief Legal Officer, Paul Grewal, has vocally criticized a recent move by two U.S. senators who have pushed for the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin ETFs and to reject further cryptocurrency ETF proposals. In a detailed post on X (formerly Twitter) dated March 15, Grewal addressed the senators’ March 11 letter that argued extending ETF …
Coinbase Clashes with Senators Over Crypto ETF Approval Requests to SEC Read More »
Green Crypto Alert: An Eco-Friendly Bitcoin ETF Is Coming!
The New York Stock Exchange (NYSE) recently notified the Securities and Exchange Commission (SEC) about its plan to list and trade shares of 7RCC’s pioneering spot Bitcoin ETF, which also includes Carbon Credit Futures. This move signals a significant advancement in 7RCC’s effort to launch an eco-friendly Bitcoin investment product in the U.S., potentially broadening …
Green Crypto Alert: An Eco-Friendly Bitcoin ETF Is Coming! Read More »
Justice in Action: U.S. Moves to Snatch Back $2.3M in Crypto from Scammers
The U.S. Attorney’s Office in Massachusetts has launched a civil forfeiture action with the goal of returning $2.3 million in cryptocurrency to 37 individuals who fell prey to online scams. This move comes as part of efforts to combat the rising trend of digital fraud and provides hope for restitution to the victims involved. In …
Justice in Action: U.S. Moves to Snatch Back $2.3M in Crypto from Scammers Read More »
The ‘Endgame’ is Near: Maker’s Plan to Unleash 100B DAI and Outshine Tether
The decentralized finance (DeFi) innovator, MakerDAO, is on the cusp of unveiling the first segment of its ambitious “Endgame” strategy, signaling a pivotal evolution with rebranding endeavors, the introduction of new digital tokens, and the expansion of its Dai stablecoin offering. The groundbreaking “Endgame” initiative of MakerDAO is steering the platform towards a trajectory of …
The ‘Endgame’ is Near: Maker’s Plan to Unleash 100B DAI and Outshine Tether Read More »
UK’s Bold Move: Revamping Crypto Rules to Fight Money Laundering
The UK Treasury has initiated a public discussion on proposed adjustments to anti-money laundering regulations, with a significant focus on the crypto sector. These proposals emerge from a comprehensive 2022 review of the existing Money Laundering, Terrorist Financing and Transfer of Funds Regulations. Aimed at refining regulation, the government emphasizes reducing regulatory burdens, preferring regulation …
UK’s Bold Move: Revamping Crypto Rules to Fight Money Laundering Read More »
Exclusive Access: US Spot Bitcoin ETFs Hit the Thai Market for Accredited Investors!
The regulatory landscape in Thailand has evolved, now permitting select investors to delve into spot Bitcoin ETFs listed in the United States, marking a significant shift in the financial arena. As detailed in a recent update, the Thai Securities and Exchange Commission has refined its regulations, paving the way for the creation of private funds …
Exclusive Access: US Spot Bitcoin ETFs Hit the Thai Market for Accredited Investors! Read More »
Bitcoin at ATH, How Many New Bitcoin Millionaires Are There?
Despite Bitcoin reaching unprecedented heights, the influx of new “millionaire” Bitcoin wallets has been slow to follow suit. Recently, Bitcoin’s value soared to over $72,000, bringing about a modest rise in the creation of wallets holding over a million dollars worth of Bitcoin to approximately 1,500. This increase pales in comparison to the surge experienced …
Bitcoin at ATH, How Many New Bitcoin Millionaires Are There? Read More »
How a Hard Fork Could Save Ethereum from Quantum Doom, According to Vitalik Buterin
Ethereum, as per its co-founder Vitalik Buterin, is already strategically placed to counteract any significant threats from quantum computing. In a recent post on Ethereum Research dated March 9, Buterin delves into the potential scenario of a sudden quantum computing emergency. Imagine, Buterin suggests, that quantum computers were suddenly announced to be in the hands …
How a Hard Fork Could Save Ethereum from Quantum Doom, According to Vitalik Buterin Read More »
Arbitrum DAO Pulls the Plug on Tornado Cash Legal Fund Proposal
An Arbitrum representative confirmed the withdrawal of a funding proposal for the Tornado Cash developers’ legal defense, initiated by the proposer’s request. This proposal, aimed at allocating approximately $1.3 million in ARB tokens from the community’s reserves, was intended to support Roman Storm and Alexey Pertsev, key figures behind the controversial crypto mixer Tornado Cash, …
Arbitrum DAO Pulls the Plug on Tornado Cash Legal Fund Proposal Read More »
Singapore-Based Fintech Unveils Visa Card Integrated with USDC
Singaporean fintech SafePal, in collaboration with Swiss bank Fiat24, has introduced a groundbreaking crypto Visa card and in-app banking service. This innovative venture uses the US Coin (USDC) as its primary deposit currency, marking a significant step forward in the integration of digital currencies with traditional banking services. The service will become available with the release …
Singapore-Based Fintech Unveils Visa Card Integrated with USDC Read More »
BlackRock Plans to Invest in Spot Bitcoin ETFs for Its Global Fund
BlackRock, a leading global asset manager, has announced intentions to incorporate spot Bitcoin Exchange-Traded Funds (ETFs) into its Global Allocation Fund (MALOX), including the possibility of buying the firm’s own iShares Bitcoin Trust (IBIT) alongside ETFs from other issuers. This move, outlined in a recent SEC filing update on March 7, aims to include physically-backed Bitcoin exchange-traded products (ETPs) within MALOX, …
BlackRock Plans to Invest in Spot Bitcoin ETFs for Its Global Fund Read More »
NYCB Shares Volatile Amid Banking Sector Uncertainty
The stock market has seen New York Community Bancorp (NYCB) experience a significant downturn, with a staggering 83% drop in stock value since the onset of 2024, culminating in a historic low this past week. However, a remarkable rebound was observed subsequently. In a dramatic turn of events this Wednesday, NYCB’s stocks witnessed an extraordinary …
NYCB Shares Volatile Amid Banking Sector Uncertainty Read More »
Arizona Senate Considers Bitcoin ETFs for Retirement Funds
The Arizona State Senate is currently deliberating a proposal aimed at integrating Bitcoin exchange-traded funds (ETFs) into two of the state’s pension plans. This initiative passed the Senate’s rigorous Third Reading by a close vote of 16-13 on February 22, as shown by legislative records. It’s now under further scrutiny in the House for a …
Arizona Senate Considers Bitcoin ETFs for Retirement Funds Read More »
Bitcoin’s Funding Rates Normalize Following Dip Below $69K
The recent market-wide adjustment in funding rates signals a potentially sustained climb towards new peaks for Bitcoin, according to Omkar Godbole’s analysis on March 6, 2024. Following a swift decrease in Bitcoin’s value, funding rates across the crypto perpetual futures market have returned to standard levels. This correction, removing excessive leverage, brought Bitcoin’s price down …
Bitcoin’s Funding Rates Normalize Following Dip Below $69K Read More »
BTC’s Price Adjustment: A Sign of Market Stability
Traders have highlighted the necessity of Bitcoin’s recent sell-off, viewing subsequent dips as potential buying opportunities. After Bitcoin (BTC) soared to a new peak of $69,324, it experienced a significant correction, dropping 9.75% to $59,323. This move has been interpreted by experts as a positive step towards a “healthy consolidation” phase. Bitcoin briefly surpassed $68,000, …
BTC’s Price Adjustment: A Sign of Market Stability Read More »
Check Victor out on socials