Blockchain is the underlying technology behind cryptocurrencies. Unfortunately, as this technology evolves, people are developing new ways to misuse and perform malicious actions. The 51% attack or a majority attack is one of them, which refers to a situation in which a miner or a group of miners gain control of more than 50% of […]

New York City, New York – November 10, 2023: Asset management giant BlackRock has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). If approved, the ETF could launch in early 2024. This would be the first spot Ethereum ETF to be approved in the […]

New York, Tuesday, September 17, 2024- Flowcarbon, the climate tech startup co-founded by Adam Neumann, has begun issuing refunds to investors after failing to launch its much-anticipated “Goddess Nature Token” (GNT). Launched in 2022 with $70 million in funding from investors like Andreessen Horowitz, Flowcarbon aimed to merge carbon credits with blockchain technology. However, the […]

New York, Saturday, October 26, 2024- Machine learning AI assisted the US Department of the Treasury in identifying and recovering over $4 billion in fraudulent or improper payments in 2024. This represents a significant six-fold increase from $652.7 million recovered in 2023, according to the Office of Payment Integrity (OPI). The OPI, a division of […]

New York, Monday, January 22, 20245- In an unexpected twist in the cryptocurrency market, collapsed hedge fund Alameda Research abandoned its lawsuit against Bitcoin fund manager Grayscale, reports said. This resulted in Grayscale shares rising and igniting concerns about a potential Bitcoin price dive. Alameda and Grayscale were locked in a legal battle over the […]

Thursday, April 18, 2024 – Argentina’s market regulator, the Comision Nacional de Valores, imposed a new mandatory registry for Bitcoin and crypto trading in March, Forbes reported. The CNV is the regulatory body responsible for overseeing and regulating the securities market in Argentina. It functions similarly to the Securities and Exchange Commission (SEC) in the […]

Buenos Aires, Argentina – Thursday, December 28, 2023- In a surprise move, Argentine President Javier Milei proposed including a cryptocurrency declaration in the country’s ongoing reform bill in December last week. President-Elect Milei’s draft bill suggests declaring both domestic and foreign Crypto holdings could lead to a favorable tax rate. The regularization initiative forms a […]

New York, Saturday, November 02, 20240-Asia has overtaken North America as the top destination for crypto developers, with the region now representing 32% of the global talent pool, a significant increase from 13% last year, according to data from Electric Capital.  In contrast, the United States’ share has dropped to 18.8%, marking a 51% decline […]

New York, Wednesday, October 2, 2024-The Australian Federal Police (AFP) have seized $9.3 million in cryptocurrency allegedly linked to Jay Je Yoon Jung, the alleged creator of the Ghost app, which authorities claim was designed to facilitate criminal operations. The 32-year-old was arrested two weeks ago in Narwee, and the AFP has also apprehended another […]

WASHINGTON, Tuesday, May 14, 2024 – The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, has announced a delay in the implementation of its prudential standard for banks’ crypto-asset exposures. The original deadline of January 2025 has been pushed back to January 1, […]

BASEL, Switzerland, Thursday, July 4, 2024- The Basel Committee on Banking Supervision (BCBS) announced a series of measures on Wednesday aimed at strengthening oversight of banks’ cryptoasset holdings, managing interest rate risk, and mitigating risks associated with third-party service providers. The framework takes effect in January 2026. The committee finalized a disclosure framework requiring banks […]

Paris, October 30, 2023: Binance, the world’s largest cryptocurrency exchange, has announced new partnerships with several European fiat service providers, expanding its reach and influence in the region. This announcement comes in the wake of MasterCard and Binance parting ways last month. The new partnerships will allow Binance users to deposit and withdraw euros using […]

New York, NY, Monday, January 22–Leading cryptocurrency exchange Binance announced today its support for Ondo Finance (ONDO), a newly launched project aiming to bridge the gap between traditional finance (TradFi) and the crypto ecosystem by tokenizing real-world assets (RWAs) like short-term bonds and US Treasuries. The project, led by former Goldman Sachs executives Justin Schmidt […]

George Town, Malta, Tuesday, February 13, 2024 – Cryptocurrency exchange Binance recently announced that it would allow larger traders to store their assets at “crypto-friendly” banks like Sygnum and FlowBank in Switzerland. Previously, users were limited to keeping their holdings on the exchange itself or with its custodial partner, Ceffu. This new policy, formulated during […]

NEW YORK, Wednesday, July 10,  2024 – Binance has announced new measures to tighten oversight of its services and enhance user security. The initiative includes offering rewards for reporting misuse, aiming to prevent fraudulent activities and ensure a safer trading environment. Binance’s announcement can be read here. Users are encouraged to report suspicious activities, with […]

Singapore, Wednesday, November 22–Richard Teng assumed the role of Binance CEO, following the resignation of Changpeng Zhao as CEO over money laundering charges. Binance CEO Changpeng Zhao stepped down from his position and pleaded guilty to breaking US anti-money laundering laws. On Tuesday, Changpeng Zhao appeared in a federal court in Seattle and submitted his […]

New York, Monday, September 30, 2024-Co-founder of Binance Changpeng Zhao was released from a US correctional facility on September 27 after serving a four-month sentence on September 27, Bloomberg reported. Zhao had been detained following a plea deal that resulted in a $4.3 billion fine for Binance due to compliance failures allowing illicit transactions. Additionally, […]

SEATTLE, April 30, 2024- Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was sentenced to four months in prison, on Tuesday (April 30) after pleading guilty to federal charges of violating anti-money laundering laws. The charges stemmed from a Department of Justice investigation that found Binance failed to implement adequate procedures to prevent money […]

Abuja, Nigeria, Monday, May 27, 2024 – Tigran Gambaryan, a detained executive for cryptocurrency exchange Binance, was hospitalized on Thursday, May 23, 2024, after collapsing during his money laundering trial in Abuja, Nigeria, according to Binance Blog. Earlier, Gambaryan’s wife has criticized the conditions at Kuje Prison, where he has been held since February, and […]

Abuja, Tuesday, October 15, 2024-A Nigerian court has again denied bail to Binance executive Tigran Gambaryan, despite claims from his family regarding his deteriorating health. Gambaryan, who has been detained in Nigeria since February on money laundering charges, suffers from multiple medical conditions including a herniated disc, pneumonia, and malaria, his family said. The court’s […]

ABUJA, Nigeria, Monday, April 8, 2024 – A Binance executive, Tigran Gambaryan, has petitioned a federal court in Abuja to compel Nigerian authorities to apologize for his detention and order his immediate release. Gambaryan, a U.S. citizen, filed a fundamental rights lawsuit (FHC/ABJ/CS/356/2024) alleging his ongoing detention violates his constitutional rights. He claims he was […]

Gambaryan, detained since February, struggled to walk after being denied a wheelchair by prison authorities ABUJA, Nigeria, Tuesday, September 03, 2024- Tigran Gambaryan, the top executive at cryptocurrency exchange Binance, pleaded for help in an Abuja courtroom on Monday, citing severe health problems, reports said.   Reports said that Gambaryan, detained since February, struggled to […]

Moscow, Wednesday, September 27: Binance, the world’s largest cryptocurrency exchange, announced Wednesday that it was exiting the Russian market. The company said it would sell its Russian business to CommEX, a newly launched exchange. The move comes as Russia faces international sanctions over its invasion of Ukraine. Binance has been under pressure from regulators to […]

London, England, October 23, 2023: Binance, the world’s largest cryptocurrency exchange, announced on October 19 that it had partnered with new fiat service providers to expand its range of euro (EUR) services in Europe. The new partnerships will enable Binance users to deposit and withdraw EUR via Open Banking and SEPA/SEPA Instant, as well as […]

Seattle, Tuesday, February 20, 2024 – The sentencing of Changpeng Zhao, founder and former CEO of the cryptocurrency exchange Binance, has been postponed until April 30, 2024, according to a notice filed on February 12 in a Seattle federal court. “The sentencing is continued to 4/30/2024 at 9:00 AM in Courtroom 13106 before Judge Richard […]

Catenaa, November 23- Binance, the world’s largest cryptocurrency exchange by trading volume, today announced the launch of its first-ever self-custody Web3 wallet. The new wallet will allow users to store, manage, and trade their digital assets without the need for a third-party custodian. The Binance self-custody Web3 wallet is a non-custodial wallet, which means that […]

SINGAPORE, Wednesday, April 24, 2024 – In a strategic move, Binance, the world’s largest cryptocurrency exchange, Announced Thursday, April 18 the conversion of its entire $1 billion emergency fund, known as the Secure Asset Fund for Users (SAFU), into USDC, a stablecoin pegged to the US dollar. Previously, SAFU held a mix of assets, including […]

October 24, 2023: Binance, the world’s largest cryptocurrency exchange, has announced that it will discontinue its Visa debit card services in the European Economic Area (EEA) on December 20, 2023. The Binance Visa debit card allowed users to convert and spend cryptocurrencies in more than 60 million online and physical stores worldwide. It was available […]

 New York, Tuesday, July 23, 2024 – Cryptocurrency exchange Binance has introduced new features for several digital assets, including Ethereum (ETH), Solana (SOL), and the meme coin Pepe Coin (PEPE) sparking speculation about potential price increases for these currencies. Binance also said that it was launching new trading pairs, such as BNX/TRY and ETH/ARS, offering […]

London, Monday, February 12, 2024 – Binance, the global cryptocurrency exchange, faces significant challenges in its ongoing attempt to re-enter the UK market, reports said last week. According to the recent Bloomberg report, the exchange has not yet secured a new UK partner authorized to approve financial promotions, a crucial requirement for operating in the […]

Thursday, April 18, 2024 –The spot market for CommEX, Binance’s successor crypto exchange in Russia, said in a Telegram Message that the official website of CommEX used for exchanges would not be available from May 10. The CommEX team has also suggested that the users close their accounts and request to withdraw their assets since […]

WASHINGTON, Monday, May 20, 2024 – In a rare display of bipartisanship, a group of US senators have sent a letter to the Department of Justice (DOJ) urging the department to halt its efforts to restrict access to privacy-focused cryptocurrency software. The letter, signed by both Democratic and Republican senators, argues that the DOJ’s actions […]

New York, Monday, September 09, 2024-Bitcoin ATMs, designed to simplify cryptocurrency transactions, have increasingly become a significant security concern, according to a report by CNBC. While these machines aim to provide easy exchanges between fiat currencies and cryptocurrencies like Bitcoin, their rise has been accompanied by a surge in security breaches and fraudulent activities. The […]

Seoul, South Korea, Saturday, October 12, 2024-South Korea now recognizes cryptocurrencies, including Bitcoin (BTC), as divisible assets in divorce settlements. According to IPG Legal, under the Korean Civil Act, digital assets acquired during marriage can be split upon separation, treating them like any other form of property.An October 10 post from lawyer Sean Hayes explains […]

The US Securities and Exchange Commission (SEC) is now seriously and closely looking at the crypto space following the recent surge of applications from asset managers aiming to launch the first-ever US Exchange-Traded Fund (ETF) that directly invests in Bitcoin. The SEC has expressed concerns over the lack of clarity in these applications and has […]

New York, Wednesday, December 27 – The U.S. Securities and Exchange Commission (SEC) faces a crucial deadline on January 10, 2024, to rule on applications from several major players seeking to launch physically-backed Bitcoin ETFs. Experts view that an SEC approval would mark a significant validation for Bitcoin, offering traditional investors an easier way to […]

NEW YORK, Wednesday, April 24, 2024 – The much-anticipated Bitcoin halving event that took place on Friday, April 19, 2024, will also result in a projected $10 billion annual revenue loss, a Bloomberg report claimed. The much-anticipated Bitcoin ‘halving’ event took place on Friday, April 19, 2024, when miners hit that magic 84000 Block This […]

New York, Friday, October 25, 2024-The Bitcoin network’s hashrate reached an all-time high of 769.8 exahashes per second (EH/s) on October 21, reflecting its growing security and resilience. However, this surge in computing power comes at a time when mining profitability is declining. Meanwhile, September saw a 2.6% drop in daily mining revenue, with Jefferies […]

New York, Monday, November, 2024-In a warning to investors, cryptocurrency expert Alan Santana has highlighted signs that Bitcoin (BTC) may be heading for a significant downturn after failing to surpass its previous all-time high. The leading cryptocurrency is currently consolidating below the $70,000 resistance level, raising concerns about its future performance. Santana claims that Bitcoin […]

Beijing, China, Tuesday, January 09 – Amidst a dizzying rally in Bitcoin, Ethereum, XRP, and Solana that pushed aggregate crypto market capitalization above $1.6 trillion, China signaled a potential departure from its hardline stance on cryptocurrencies, raising eyebrows and sending ripples through the global digital asset landscape. The shift emerged subtly through a government document […]

New York, Thursday, December 28, 2023 – Bitcoin’s recent surge, from under $20,000 to over $40,000, has ignited speculation about a potential $2 trillion market cap by 2024, multiple reports said last week.They said that fueling the fire are predictions linking the rise to Donald Trump’s potential return to the White House and an expected […]

Singapore, Wednesday, August 28, 2024- Bitget has announced that it had introduced a new feature that allows users to create and access their crypto wallets using Telegram accounts. This update, utilizing keyless MPC technology, eliminates the need for users to manage private keys, enhancing both security and user experience. This comes in the aftermath of […]

New York, Wednesday, October 16, 2024-Crypto derivatives exchange Bitnomial has filed a lawsuit against the US Securities and Exchange Commission (SEC) over the classification of its XRP Futures product as a security. The lawsuit claims that the SEC’s labeling of XRP as a security forces the exchange to register as a national securities exchange, which […]

New York, Wednesday, October 02, 2024-Bitwise, a leading crypto asset manager, has filed for an XRP-based exchange-traded fund (ETF), marking a potential new development in the growing crypto investment space. The filing, confirmed as legitimate by Bitwise to Decrypt, was made with the state of Delaware. This move follows the U.S. Securities and Exchange Commission’s […]

New York, Thursday, November, 2024-BlackRock’s spot bitcoin ETF, IBIT, saw an unprecedented $1 billion in trading volume within 20 minutes of market open on Wednesday, following Donald Trump’s presidential victory. The trading frenzy was driven by investor enthusiasm for Trump’s pro-crypto stance, which boosted bitcoin’s price to a record high of $75,000. Eric Balchunas, Bloomberg’s […]

New York, Wednesday, October 23, 2024-BlackRock is in talks with cryptocurrency exchanges Binance, OKX, and Deribit to adopt its BUIDL token as collateral for derivatives trades, according to a Bloomberg report. Citing anonymous sources, the report suggests that BlackRock is working to expand the use of its money-market digital coin in the crypto space. BUIDL, […]

On June 15, 2023, BlackRock’s application for SEC approval of a spot Bitcoin ETF set a pivotal precedent, inspiring numerous other financial institutions to follow suit and resubmit their own applications for similar offerings.The first part of this article Bitcoin ETF: Its Journey Ahead, provides a comprehensive overview of BlackRock, Howey Theory, the SEC, and […]

 New York, Tuesday, October 01, 2024-BlackRock’s spot Ethereum ETF has reached a significant milestone, surpassing $1 billion in total asset value just two months after its launch. This achievement follows a favorable week of trading, with U.S.-based spot Ethereum exchange-traded funds (ETFs) logging their highest weekly inflows since early August. Friday (27) saw $58.7 million […]

Kaunas, Lithuania, Monday, March 4, 2024 – A layer 2 project built on the Blast network, RiskOnBlast, has been compromised in a significant exploit commonly referred to as a “rug pull,” according to reports. The incident resulted in the loss of approximately 500 Ether (ETH), a cryptocurrency. A rug pull refers to an abrupt withdrawal […]

What exactly is a Blockchain Bridge? Blockchain, by nature, is closed off and exists as an isolated ecosystem. This is a major bane for the development of the blockchain industry as a whole, as it prevents the pooling of resources and achieving synergy. Imagine a blockchain bridge as a virtual connection that allows different blockchain […]

The Importance of Blockchain in Financial Services In an era where the financial industry handles trillions of dollars daily, the need for transparency, security, and cost-efficiency is paramount. Blockchain addresses this challenge by streamlining banking and lending services, reducing counterparty risk, and minimizing issuance and settlement times. Blockchain, a secure and transparent method of recording […]

Decentralized, distributed, and immutable… are probably not the first three words that pop into your head when you think about video games, but they are the core fundamentals of Blockchain. Blockchain is a decentralized, distributed, and immutable digital ledger system. It is the underlying technology behind cryptocurrencies and NFTs (Non-fungible tokens). So, what does a […]

WASHINGTON, DC Wednesday, December 6, 2023:  JPMorgan Chase CEO Jamie Dimon reignited his long-standing feud with cryptocurrency, stating he would “close it down” if he held the reins of government. Dimon, who is noted for his vocal criticism of Bitcoin and other digital currencies, doubled down on his skepticism, questioning the legitimacy of the entire […]

November 27, 2023- Blockchain.com, a leading cryptocurrency exchange and wallet service provider, announced on November 14 that it had raised $110 million in a new funding round led by UK-based Kingsway Capital. The round also included participation from existing investors Baillie Gifford, Lakestar, Lightspeed Venture Partners, and Coinbase Ventures. The new funding comes as the […]

Singapore, November 15, 2023 – BlockSec, a leading Web3 cybersecurity firm, today announced the launch of Phalcon, the world’s first Web3 crypto hack blocker. This groundbreaking software will help protocol teams prevent hacks and protect their users from financial losses. Phalcon’s technology uses a variety of techniques for real-time detection and prevention of attacks. These […]

RIO DE JANEIRO, Friday, August 23, 2024- Brazil’s Securities and Exchange Commission (CVM) has approved on August 21, the country’s second Solana exchange-traded fund (ETF), bolstering its position as a leader in Latin America’s crypto investment landscape. The new ETF, set to be launched by asset manager Hashdex in collaboration with BTG Pactual, follows the […]

New York, Monday, September 09,2024- Brazil’s central bank announced that it had selected Visa and Santander, among others, to participate in the second phase of its digital currency pilot, known as Drex. Drex is the name given to Brazil’s Central Bank Digital Currency (CBDC) pilot project. The central bank announced the decision Friday, saying the […]

New York, Wednesday, August 21, 2024- A malicious Chrome extension labeled “Bull Checker” has been targeting Solana decentralized finance (DeFi) users, draining their wallets by exploiting a seemingly legitimate interface. The issue was first identified by Jupiter Exchange on August 19, 2024, following reports from affected users. The extension, disguised as a meme coin tracker, […]

London, Monday, November 27- Standard Chartered, the British multinational banking and financial services company, has become the first non-Chinese bank to join China’s Central Bank Digital Currency (CBDC) pilot testing. The bank will be testing the use of the e-CNY, or digital Yuan, in cross-border merchant payments, trade financing, and supply chain financing. A report […]

What is Digital Money? Money has been used for centuries as a medium of exchange and a store of value. Each government has a central bank that has the power to influence the value of the local currency. The local currency value is measured against the reserved foreign currency, such as the US dollar, and […]

New York City, New York – November 10, 2023:  A U.S. bankruptcy court on Thursday, November 9, approved a restructuring plan for crypto lender Celsius Network, which will allow the company to exit bankruptcy and repay customers. The plan, which was supported by the majority of Celsius’ creditors, will see the company transformed into a […]

Hoboken, New Jersey, Monday, February 19, 2024 – After nearly 18 months of going through the Chapter 11 bankruptcy process, Celsius Network LLC successfully emerged on January 31, 2024. This follows the confirmation of its reorganization plan in November 2023 and analysts say signifies a partial recovery for creditors impacted by the platform’s financial struggles. […]

New York, Saturday, September 14, 2024- The Commodity Futures Trading Commission (CFTC) has announced new partnerships aimed at tackling the growing issue of “pig butchering” scams within the cryptocurrency space. This type of scam, which has increasingly replaced traditional Ponzi schemes, involves fraudsters cultivating deceptive romantic relationships with victims to persuade them to invest in […]

BEIJING, China, Thursday, August 22, 2024- China has officially recognized virtual asset transactions as potential vehicles for money laundering, expanding its anti-money laundering (AML) laws to cover these activities. The Supreme People’s Court and the Supreme People’s Procuratorate announced the new interpretation of AML laws on August 19. The announcement can be reached here. This […]

SHENZHEN, China, October 11, 2023- China opened an industrial park on Wednesday dedicated to the development of the digital yuan central bank digital currency (CBDC) in the southern city of Shenzhen. The park in the Luohu district is home to nine companies developing digital yuan-related products and services, including payment solutions, smart contracts, and tricky […]

New York, Saturday, October 12, 2024-China may soon sell 542,000 ETH, valued at $1.3 billion, seized from the PlusToken Ponzi scheme. Recent reports suggest that 7,000 ETH were transferred to exchanges, indicating potential plans to offload the remaining tokens. Crypto researcher ‘FreeSamourai’ highlighted this movement on October 10, although a significant selloff has yet to […]

New York, Tuesday, September 17, 2024-CleanSpark, a U.S.-based Bitcoin mining company, has announced the acquisition of seven mining facilities in the Knoxville, Tennessee area. The purchase is expected to increase CleanSpark’s total hashrate by 22%, significantly expanding its operations. The facilities, bought from Exponential Digital for $27.5 million, will contribute 85 megawatts (MW) of energy […]

CHICAGO, IL February 27, 2024 – CME Group, the world’s leading derivatives marketplace, announced plans to expand its cryptocurrency offerings with the launch of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory approval, a press release said. The new contracts, designed to meet the growing demand for risk management tools […]

Introduction Coinbase, a leading cryptocurrency exchange platform, has announced a significant milestone in its ongoing efforts to become the most trusted and user-friendly platform in the crypto economy. The company has unveiled an expansion of its supported fiat currencies, providing institutional customers with a broader range of payment options and trading pairs. This move aims […]

New York, Thursday, October 17, 2024-On October 15, Coinbase has filed for a partial summary judgment in its ongoing legal battle with the US Securities and Exchange Commission (SEC). The crypto exchange aims to gain access to internal documents from the SEC regarding its stance on cryptocurrency regulations, citing repeated refusals by the regulator to […]

SAN FRANCISCO, Friday, June 28, 2024- Cryptocurrency exchange Coinbase is suing the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after both agencies denied requests for public records, the company announced Thursday. “Coinbase, Inc., the largest digital-asset trading platform in the United States, retainedHistory Associates Incorporated to submit Freedom of […]

SAN FRANCISCO, Tuesday, May 14, 2024– Leading U.S. cryptocurrency exchange Coinbase is experiencing a widespread service outage, impacting users on both desktop and mobile platforms, Coinbase Support according to a post by Coinbase on Platform X. The outage began at 4:15 UTC (12:15 EDT) on May 14, according to a message posted on Coinbase’s status […]

New York, Saturday, October 5, 2024- Coinbase Global Inc. has announced plans to delist stablecoins that fail to comply with the European Union’s upcoming regulations by the end of this year. The move targets popular i tokens such as Tether’s USDT, following the EU’s finalization of its Markets in Crypto-Assets (MiCA) framework. MiCA regulations, which […]

The Effects It Will Have on the Uptake of Web 3  The phrase Web3 refers to the next internet paradigm in which users may communicate with decentralized applications (dapps) that operate on blockchain networks. Transparency, security, privacy, and ownership of data and assets are just a few of the benefits that Web3 provides. Web3 does, […]

New York, Wednesday, October 30, 2024-Visa yesterday announced a partnership with Coinbase to integrate Visa Direct, enabling real-time account funding for Coinbase customers using eligible Visa debit cards. This feature allows users to instantly deposit funds, enhancing flexibility for trading opportunities in the fast-paced crypto market. The integration will enable Coinbase users across the US […]

New York, Thursday, October 31, 2024- Consensys CEO Joseph Lubin criticized the SEC’s aggressive regulatory actions, holding the agency partly responsible for Consensys’s recent 20% workforce reduction. In an October 29 blog post, Lubin stated that the SEC’s “abuse of power” has hindered innovation in the crypto space, causing significant job losses and stifling productive […]

NEW YORK, Thursday, April 25, 2024 – In a lawsuit filed on April 25, blockchain technology company Consensys said it was suing the US Securities and Exchange Commission (SEC) over the classification of Ethereum (ETH), the world’s second-largest cryptocurrency. The lawsuit seeks clarity from the SEC on whether Ethereum is considered a security under U.S. […]

London, Wednesday, October 23, 2024-Craig Wright has launched a new $1 billion lawsuit, accusing Bitcoin developers of altering Bitcoin’s original vision and misleading the public. Wright, who claims to be Bitcoin creator Satoshi Nakamoto, argues that Bitcoin Satoshi’s Vision (BSV) is the true Bitcoin and is seeking damages based on the difference in market value […]

Washington, Friday, June 28, 2024-President Joe Biden and presidential candidate Donald Trump did not discuss cryptocurrency during their 90-minute debate on Thursday, despite significant contributions from crypto lobbyists.((cointelegraph.com: Many crypto enthusiasts and investors expected crypto would be one of the highlight points in the Trump-Biden debate. The June 27 debate, hosted by CNN, covered topics […]

LONDON, Wednesday, April 24, 2024 – Crypto Banking Report 2024 of CoinCub reveals a significant shift in the global landscape of crypto banking, with Europe leading with over 63 traditional financial institutions offering crypto-related services as of the first quarter of 2024. While Europe currently dominates the crypto banking scene, North America follows closely behind, […]

London, Thursday, May 23, 2024 – Luno crypto platform said it had received regulatory approval from the South African Financial Services Conduct Authority as the Financial Services Provider license. Luno PTY LTD, with its ten years of service to the market, was enlisted in FSCA’s register of authorized entities on April 11, marking a milestone […]

Thursday, May 23, 2024 – Leading crypto exchange OKX launched their services in Australia on May 13, 2024, offering buy and sell trading for all users and derivatives trading for verified wholesale clients. Since Australia is seen as a hub for decentralized technology with diversified users and professionals, OKX said it is dedicated to initiating […]

London, UK, Wednesday, March 20, 2024 – An analysis of cryptocurrency transactions revealed a transfer of $4.2 million worth of assets from UK-based crypto firm Copper Technologies to a digital wallet linked to Jonatan Zimenkov, a Russian national who the United States later sanctioned for his alleged involvement in arms dealing, according to a report […]

New York, Tuesday, November 05, 2024-The Blockchain Association (BA) has reported that cryptocurrency companies have incurred $426 million in legal expenses as a result of enforcement actions taken by the US Securities and Exchange Commission (SEC) under Chair Gary Gensler. The advocacy group, which has been vocal against what it describes as Gensler’s “regulation by […]

New York, Monday, September 16, 2024-The cryptocurrency industry has emerged as the second most targeted sector for identity fraud in Q2 2024, according to a report by AU10TIX released on September 11. The report reveals that nearly 29% of global identity fraud attempts targeted crypto platforms, trailing only the payments sector, which accounted for 52% […]

NEW YORK July 25– Wrap up The global cryptocurrency(Crypto) and Blockchain industries are facing an onslaught of legal challenges, with over 100 active lawsuits filed against various entities as of the latest research. Allegations of fraud, securities violations, and market manipulation are at the forefront of these legal battles. To date, a conservative count has […]

Singapore, Wednesday, November 06, 2024 – A consortium of prominent cryptocurrency firms, including Robinhood, Kraken, and Paxos, has introduced a new stablecoin, the Global Dollar (USDG), structured to distribute reserve-based income among its participants. Issued out of Singapore by Paxos, the USDG stablecoin aligns closely with the Monetary Authority of Singapore’s upcoming regulatory framework for […]

New York, Tuesday, October 29, 2024-The Blockchain Association and the Crypto Council for Innovation, two major crypto lobbying groups, yesterday (28) filed a brief supporting apparel company Beba’s lawsuit against the US Securities and Exchange Commission (SEC). The SEC has moved to dismiss Beba’s suit, but the crypto groups are asking the court to deny […]

WASHINGTON, Monday, March 18, 2024 – A federal jury in Washington, D.C., convicted Roman Sterlingov, the founder of cryptocurrency mixing service Bitcoin Fog, on money laundering charges on Tuesday. Sterlingov was accused of operating Bitcoin Fog, which facilitated the laundering of roughly $400 million in bitcoin over a decade. Prosecutors alleged that the service allowed […]

London, Sunday, October 6, 2024-Crypto now serves as a “valuable gateway” for institutions to enter the evolving world of digital assets, fueling the shift towards tokenization, BlackRock’s Head of Digital Assets Robert Mitchnick said at a private conference in London on October 3, reports said. Mitchnick, speaking at Digital Assets Week, emphasized the increasing overlap […]

Digital asset exchange Bullish, led by former New York Stock Exchange (NYSE) President Tom Farley, has acquired cryptocurrency-focused media company CoinDesk, a Reuters news report said. The deal, which was announced on November 20, 2023, involves an undisclosed amount. CoinDesk, established in 2013, is a widely recognized media outlet in the crypto space, known for […]

New York, Sunday, September 15, 2024 –A new Chainalysis report reveals a troubling surge in cryptocurrency-related scams in 2024. The research highlights that 43% of illicit crypto inflows have gone to wallets activated this year, a significant increase from 29.9% in 2022. The report indicates a shift from long-term Ponzi schemes to more targeted frauds, […]

Thursday, March 14, 2024: According to DefiLlama data, several cryptocurrency startups invested $486 million in February. It was an increase of 5.3% from the previous month and was the highest investment in the last quarter. “The venture capital company, A16z, had invested the month’s highest investment in a crypto startup, investing $100 million into EigenLayer […]

London, UK – December 4, 2023 – Crypto.com, the leading global cryptocurrency platform, has announced that it has been authorized as an Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA) in the United Kingdom. This is seen as a significant milestone for Crypto.com’s expansion in the European market and positions the company to […]

Moscow, Tuesday, February 20, 2024 – Cryptocurrencies had been increasingly used in pyramid scams, the Central Bank of Russia said in a media release on Friday, February 9. It said that the bank had detected a significant rise in financial pyramid schemes and illegal activities involving crypto themes in 2023. The Bank of Russia’s data, […]

Cryptocurrencies have taken the world by storm. Currently, more than 20,000 cyber currencies are available for acquisition. Many of these cryptocurrencies are issued by private organizations to facilitate specific types of transactions. In this article, you’ll learn about cryptocurrency, why people invest in it, and how you can keep your money safe if you choose […]

Overview of the cryptocurrency market as of late 2023 In late 2023, the cryptocurrency landscape will be marked by significant developments. Bitcoin’s current price is trading above forty thousand, indicating a substantial shift in the market. Despite Bitcoin’s resilience, a decline in market cap dominance suggests a growing interest in alternative coins. Once in the […]

WASHINGTON, DC, Monday, April 08 , 2024 – Cryptocurrency thefts on the Ethereum layer-2 network Base have skyrocketed by 1,880% since January, according to blockchain security firm Scam Sniffer. The data highlights the growing security challenges facing the rapidly expanding decentralized finance (DeFi) space. The report can be viewed here. Base, designed for faster and […]

New York, Monday, September 30, 2024-Decentralized finance platform Curve Finance is reportedly considering the removal of TrueUSD (TUSD) as collateral for its Curve USD (crvUSD) stablecoin. This follows concerns within the crypto community about the reliability and transparency of TrueUSD’s reserves. The proposal to delist TUSD is being discussed by Curve’s governance community, which plays […]

Geneva, Monday, July 31: Despite a hack that left Curve Finance with a $52 million dent, it was bailed out by a prominent group of crypto influencers, including Tron founder Justin Sun and investor DCF God. They bought up CRV at a low price, preventing Curve Finance founder Michael Egorov from being liquidated. Curve Finance […]

Finding a company that doesn’t use blockchain will be challenging in the future. it is not just for cryptocurrencies anymore. Blockchain has the potential to change many industries and even our society. Blockchain technology can be used in various industries to create trust between two parties when exchanging goods or services. This is because it […]

Imagine a market where you usually go to buy groceries. Multiple vendors will sell different types of goods, and they may have their own union or a local government body to regulate and oversee operations. Each vendor has their own prices, supplies, reputation, and quantity. What if there was a marketplace for digital assets where […]

Cryptocurrencies are digital or virtual currencies that rely on cryptographic systems for their operation. They offer a means of conducting secure online transactions without the need for intermediaries such as banks or payment processors. Every single transaction made in the realm of crypto is meticulously recorded on distributed, tamper-proof ledgers called blockchains. Imagine a giant, […]

San Francisco, California, September 19, 2023: The decentralized finance (DeFi) protocol Balancer faced another security breach, with approximately $238,000 worth of crypto stolen on September 19, 2023. Balancer announced the attack on X, advising users not to interact with the protocol. The specific details of the attack are still under investigation, but it is believed […]

SAN FRANCISCO, Tuesday, June 18, 2024 – Decentralized finance (DeFi) protocol ‘UwU Lend’ fell victim to a security exploit that drained over $19.3 million in cryptocurrency, according to blockchain security firm Arkham Intelligence. Arkham Intelligence confirmed the exploit on June 10, 2024. In addition, UwU also said on June 10 on X: “The protocol was […]

London, Thursday, March 14, 2024– DeFiQuant, an artificial intelligence-based company, announced on March 2, 2024, the launch of an AI-based trading bot to formulate new standards in the automated trading bot industry, driving the crypto space to the next level, aligning with artificial intelligence and personalized investment plans. The inventive tool is benefited by the […]

MENLO PARK, Calif. Friday, June 7, 2024- Online brokerage Robinhood has acquired a cryptocurrency exchange Bitstamp for a reported $200 million, defying ongoing scrutiny from the Securities and Exchange Commission (SEC) regarding its own crypto offerings. “Robinhood Markets, Inc. has agreed to acquire Bitstamp Ltd., a global cryptocurrency exchange. Bitstamp was founded in 2011 and […]

Berlin, Thursday, November 07, 2024 – In a significant move towards sustainable cryptocurrency mining, Deutsche Telekom’s subsidiary, MMS, has partnered with Bankhaus Metzler to launch a green Bitcoin mining pilot in Germany. The project aims to harness excess renewable energy, such as surplus wind and solar power, to fuel Bitcoin mining operations, thereby reducing energy […]

Introduction You may have heard about cryptocurrencies such as Bitcoin and Ethereum, but have you ever wondered where your cryptocurrency is stored? We have bank accounts to store credit or debit transactions of fiat money. Like that, do we have anything for cryptocurrency? Yes, they are called crypto wallets. Some may say we have stored […]

Chiba, Japan, Friday, May 24, 2024- Kabosu, the Shiba Inu dog whose image became the internet phenomenon known as the “Doge” meme, died Friday morning at the age of 18. Her owner, Atsuko Sato, a teacher in Japan, announced the news on a blog post, stating Kabosu “fell into a deep sleep.” Kabosu had battled […]

Baltimore, Maryland, Tuesday, February 7, 2024- The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on Monday, January 29 unveiled charges against the individuals behind HyperFund, a cryptocurrency scheme accused of scamming investors out of a staggering $1.9 billion. “A federal grand jury has returned an indictment charging Sam Lee, age […]

New York, Tuesday, September 3, 2024 – Bitcoin is hovering around $60,000 amid fears that the U.S. dollar could be on the brink of a major crisis, an article in the Forbes Magazine said. Last week saw significant economic forecasts, political clashes, and corporate revelations. Economist Peter Schiff warned of inflation risks as the U.S. […]

New York, Thursday, November 07, 2024- The Dow Jones Industrial Average skyrocketed 1,500 points, marking its best performance since 2022 in a dramatic post-election rally on Wednesday as investors reacted positively to former President Donald Trump’s victory. This rally also propelled the S&P 500 and Nasdaq Composite to new all-time highs, reflecting market optimism about […]

New York, Monday, August 12, 2024-El Salvador has proposed using cryptocurrency for trade with the BRICS alliance, aiming to reduce its reliance on the U.S. dollar, which is the Central American country’s official currency. The proposal follows Russia’s recent legislation allowing the use of cryptocurrencies for international trade, a move designed to bypass Western sanctions.Meanwhile, […]

San Salvador, Tuesday, October 08, 2024-El Salvador’s bonds have surged, defying criticism aimed at President Nayib Bukele’s controversial handling of the nation’s finances, particularly regarding Bitcoin. Recent Bloomberg data highlights a notable rally following the government’s proposal to buy back dollar-denominated bonds, signaling a strategic debt restructuring move.  On October 4, 2024, Bukele announced the […]

Staking enables cryptocurrency holders to generate passive income from their digital assets while retaining ownership without the need to sell them. When you start crypto staking, you lock up your digital assets to lend a hand in the operation & security of the blockchain network. You will receive income in the form of percentage-based yields […]

New York, Thursday, November 07, 2024-The net worth of several high-profile billionaires surged after Donald Trump’s victory as president-elect, sparking investor optimism across major markets. Tesla CEO Elon Musk saw his wealth skyrocket by nearly $21 billion, reaching $285.6 billion as Tesla stock surged by 15% on Wednesday. The anticipated pro-crypto and corporate tax-cut stance […]

Wednesday, June 12, 2024 – Bill Guan, the chief financial officer at Epoch Times Media Company, headquartered in New York, was on June 3 indicted by the US Department of Justice (DoJ) for his engagement with $67 million in money laundering using cryptocurrency. His participation in a scheme to launder nearly $67 million of illegal […]

NEW YORK, Wednesday, June 19, 2024- The U.S. Securities and Exchange Commission (SEC) said in a letter that it had concluded its investigation into Ethereum, the world’s second-largest Cryptocurrency yesterday. The move removes the cloud of uncertainty surrounding Ethereum’s regulatory status as a security. The news, announced by blockchain software company ConsenSys on Tuesday, was […]

Consider a mobile operating system seamlessly integrated with the Ethereum blockchain. This mobile OS grants access to the decentralized web, facilitates cryptocurrency transactions (both sending and receiving), enables the creation and trading of NFTs, and ensures confidential and secure user communication. The Ethereum Mobile OS is an open-source project designed to harness Ethereum’s potential for […]

New York, Thursday, October 31, 2024-  Ethereum co-founder Vitalik Buterin has introduced The Splurge, a series of comprehensive upgrades for the Ethereum blockchain. In his latest blog post, Buterin explains that The Splurge will address various technical challenges, focusing on making Ethereum more performant, scalable, and secure. Unlike previous upgrades, this suite aims to solve […]

WASHINGTON, DC, Friday, September 13, 2024 — eToro USA had reached a $1.5 million settlement with the SEC over charges of operating an unregistered broker and clearing agency about its cryptocurrency trading platform, a Reuters report said. This settlement includes the cessation of most crypto asset trading for US customers, allowing only Bitcoin, Bitcoin Cash, […]

BRUSSELS, Oct. 30, 2023-The European Union (EU) has adopted new rules to boost crypto tax compliance, requiring crypto-asset service providers (CASPs) to disclose their customers’ transactions to tax authorities, a news report said. The report of PricewaterhouseCoopers can be seen here: The new rules, which are part of the EU’s Directive on Administrative Cooperation in […]

BRUSSELS, Monday, April 20, 2024 – In a move welcomed by cryptocurrency enthusiasts, the European Parliament’s economic and civil liberties committees have scrapped a proposed €1,000 (approximately $1,080 USD) limit on crypto transactions from self-hosted wallets. The proposal was part of a broader Anti-Money Laundering (AML) regulation package being debated by the European Union (EU). […]

Unless you have been living under a rock for the past few years, bitcoin should not be an unfamiliar term. Bitcoin is a decentralized digital currency that enables secure peer-to-peer payments without a centralized authority. This feat is achieved through Blockchain Technology. Blockchain is a digital ledger technology that uses cryptography to store transactions securely. […]

If you are a crypto enthusiast, you may have come across the term liquidity mining but are unsure about it. The most common investment approach in this field is HODLing, which means buying and keeping the assets in their wallets until the market prices rise. However, there are many passive income ways to grow your […]

New York, Wednesday, October 02, 2024- A malicious crypto wallet app available on Google Play has reportedly stolen over $70,000 in digital assets from users after being downloaded 10,000 times, reports said late last week. The fake wallet, disguised as a legitimate app, tricked users into entering sensitive information, allowing the hackers behind it to […]

New York, Thursday, September 05, 2024- The FBI issued a warning Tuesday on North Korean cyber operations targeting the cryptocurrency sector. In the announcement, the FBI detailed North Korea’s use of social engineering tactics to deploy malware and steal digital assets. According to the FBI the Democratic People’s Republic of Korea (DPRK) has reportedly focused […]

Washington, DC, Friday, October 11, 2024- In an unprecedented move, the Federal Bureau of Investigation created its own cryptocurrency token to trap scammers engaging in pump-and-dump schemes. FBI Statement can be seen here. The website created for the sting operation can be reached here. The operation, dubbed “Operation Token Mirrors,” resulted in the arrest of […]

New York, Tuesday, November 05, 2024-The US Federal Deposit Insurance Corporation (FDIC) last week faced  a backlash from the crypto industry following reports that it had sent multiple letters urging banks to pause their involvement in cryptocurrency services. Coinbase, a leading cryptocurrency exchange, revealed these developments, accusing the FDIC of deliberately discouraging banks from engaging […]

New York, Thursday, September  19, 2024 – The US Federal Reserve slashed its benchmark interest rate by 50 basis points, bringing it down to 4.75%-5.00%. This is the first time in four years that the Fed has made such a sharp rate cut. Fed highlighted the decision as a recalibration to protect the job market […]

WASHINGTON, Tuesday, April 09, 2024 – In a move likely to impact the cryptocurrency market, the U.S. government has transferred a significant amount of Bitcoin from a wallet linked to the defunct illegal marketplace Silk Road. On-chain data analysis by blockchain intelligence firms suggests the transfer involved roughly 30,000 Bitcoin, currently valued at approximately $2 […]

London, November 05, 2024 – In a pioneering move, a British pension fund, advised by pension consultancy Cartwright, has invested 3% of its £50 million ($65 million) assets directly into bitcoin. This marks the first time a UK pension fund has allocated a portion of its assets directly into cryptocurrency rather than through proxies like […]

Warminster, PA, Tuesday, February 20, 2024- Hackers had reportedly breached the decentralized non-custodial cryptocurrency exchange FixedFloat around February 18, resulting in the theft of approximately $26 million worth of Bitcoin (BTC) and Ethereum (ETH), according to a report on X. As per the Officer’s Notes (X account), the individual behind the attack depleted 1700 ETH […]

New York, NY, Friday, March 29, 2024- Sam Bankman-Fried (SBF) was sentenced to 25 years in prison on Thursday by a Manhattan Federal Courtroom. Originally, there were speculations that SBF could face up to 110 years imprisonment, among other sentences. Bankman-Fried, once hailed as a cryptocurrency prodigy, was indicted and convicted in November on charges […]

NEW YORK, November 2, 2023: A jury in Manhattan found, Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, guilty on all seven criminal fraud counts against him. The trial is scheduled for March 28, 2024. The verdict came after a four-week trial in which prosecutors presented evidence that Bankman-Fried had defrauded investors and […]

NEW YORK October 12, 2023– Crypto lending firm Genesis Global Capital and the bankrupt cryptocurrency exchange FTX reached a settlement agreement worth $175 million, according to court filings on Wednesday, October 11. The settlement resolves a dispute between the two companies that arose after FTX filed for bankruptcy in November 2022. Genesis had extended loans […]

New York, Wednesday, September 25, 2024-Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her involvement in the collapse of cryptocurrency exchange FTX. The sentencing took place in the United States Southern District of New York on September 24, with Judge Lewis Kaplan presiding over the case. Ellison, […]

New York, October 5, 2023: Gary Wang, co-founder of the now-bankrupt cryptocurrency exchange FTX Gary Wang, on October 4 testified against his former friend and business partner, Sam Bankman-Fried. Bankman-Fried is on trial for fraud and money laundering charges related to the collapse of FTX, which lost billions of dollars in customer funds and left […]

JACKSONVILLE, Fla. Monday,  May 20, 2024- Some customers of failed cryptocurrency exchange FTX could be reimbursed for their lost funds, but they won’t see any potential gains accrued since the exchange’s collapse in November 2022. The company’s bankruptcy plan, awaiting court approval, proposes returning the value of lost holdings at the November date. This means […]

New York, Friday, August 09, 2024- A US district court has ordered cryptocurrency exchange FTX and its sister company Alameda Research to pay $12.7 billion to fraud victims, marking the largest recovery in the history of the Commodity Futures Trading Commission (CFTC). The ruling was issued by the U.S. District Court for the Southern District […]

Sometimes all you need is a good game to get away from mundane life, and is there anything better than a free-to-play game? Well, of course, a free-to-play blockchain game fits the bill perfectly. In this article, we will be exploring what blockchain games are and some popular free-to-play titles that anybody can enjoy! What […]

Singapore, Wednesday, October 30, 2024-The Gemini crypto exchange, led by the Winklevoss twins, has secured preliminary approval from Singapore’s Monetary Authority (MAS) to offer digital payment token (DPT) and cross-border money transfer services. This regulatory nod advances Gemini’s ability to provide locally compliant services in Singapore, a market with Gemini’s second-largest customer base after the […]

Cryptocurrency exchange Gemini has filed a $1.6 billion lawsuit against Genesis Global Holdco, LLC (Genesis) and its parent company Digital Currency Group (DCG), alleging that the companies failed to deliver 60 million Grayscale Bitcoin Trust (GBTC) shares that were pledged as collateral for a loan program. The lawsuit, filed in the United States Bankruptcy Court […]

New York, Tuesday, October 01, 2024– Crypto exchange Gemini has announced its exit from Canada, instructing all Canadian users to withdraw their assets before December 31, 2024. In a private communication sent on Monday, the exchange, run by the Winklevoss twins, informed its customers that they have 90 days, starting from September 30, to remove […]

New York City, October 20, 2023: New York Attorney General Letitia James today filed a lawsuit against cryptocurrency companies Gemini Trust Company, Genesis Global Capital, and Digital Currency Group (DCG) for allegedly defrauding more than 230,000 investors of more than $1 billion. The lawsuit alleges that Gemini lied to investors about an investment program it […]

New York, NY, Tuesday, March 5, 2024 – The Winklevoss brothers’ cryptocurrency exchange, Gemini, will return approximately $1.1 billion to customers who participated in its now-defunct Earn program.   This announcement comes after a settlement agreement was reached with the New York State Department of Financial Services (DFS) on February 28, 2024. Gemini also announced […]

New York, NY, Tuesday, February 13, 2024 – Digital Currency Group (DCG), the parent company of cryptocurrency lender Genesis, formally objected to its subsidiary’s bankruptcy plan on Thursday, alleging it unfairly favors a small group of creditors. The plan, submitted by Genesis to the bankruptcy court, has drawn scrutiny from several parties, including DCG. In […]

The final week of January saw the filing of a Chapter 11 bankruptcy by Genesis, a division of the “crypto conglomerate” formed by Barry Silbert.  Since FTX’s collapse, Genesis is the most recent cryptocurrency business to do so. The effects of the FTX implosion were also felt by Genesis, despite the fact that it could […]

New York, NY Tuesday, February 13, 2024 – Bankrupt cryptocurrency lender Genesis Global Capital filed a motion with the U.S. Bankruptcy Court for the Southern District of New York on Friday, seeking approval to sell approximately $1.4 billion worth of shares held in various trusts. The proposed sale includes shares in the Grayscale Bitcoin Trust […]

NEW YORK, Monday, May 27, 2024 – Cryptocurrency lender Genesis Global Holdco LLC secured court approval on May 21, 2024, for its final bankruptcy liquidation plan. The plan allows for the return of approximately $3 billion in customer assets, representing roughly 77% of the value of their claims. This decision by Judge Sean H. Lane […]

Dresden, Germany, Tuesday, February 13, 2024 – In a major blow to cryptocurrency activity, German police seized 50,000 Bitcoins worth approximately $2.17 billion, marking the largest cryptocurrency confiscation in the country’s history, reports said last week. The Dresden Police Department, supported by the Federal Criminal Police Office (BKA), the FBI, and a Munich-based forensic IT […]

Accra, Ghana, Tuesday, May 28, 2024 – Ghana Post has unveiled a novel series of commemorative stamps, dubbed “Crypto Stamps,” to mark the 25th anniversary of King Otumfuo Osei Tutu II’s reign. Launched in May 2024, these stamps represent a unique fusion of traditional cultural imagery and modern technological advancements. Limited to a production run […]

New York Friday, August 16, 2024- Goldman Sachs has disclosed a substantial $418 million investment in spot bitcoin exchange-traded funds (ETFs) for the second quarter of 2024. The investment bank’s largest position is a $238 million stake in BlackRock’s iShares Bitcoin Trust (IBIT). Additionally, Goldman Sachs holds significant investments in the Fidelity Wise Origin Bitcoin […]

NEW YORK, NY Monday, April 1, 2024 – Goldman Sachs is reporting a resurgence of interest in cryptocurrency options trading among its hedge fund clients, according to a recent interview with Max Minton, the bank’s Asia Pacific head of digital assets. Minton attributes this renewed interest to the recent approval of cryptocurrency exchange-traded funds (ETFs) […]

Last year, Google announced the launch of a cloud-based blockchain node service specifically designed for Ethereum. This is a significant development for the blockchain industry. This will provide developers with a more accessible and scalable solution for developers to interact with the Ethereum blockchain. Google’s entry into the cloud-based blockchain node service space is a […]

SINGAPORE, Tuesday, April 09, 2024-Google has integrated blockchain technology into its search engine, allowing users to view the current balance of certain cryptocurrency wallets directly in search results. This move, announced in March 2024, applies to Bitcoin and several other blockchains, including Ethereum, Arbitrum, Avalanche, Fantom, Optimism, and Polygon. The feature displays the token balance […]

New York, Tuesday, July 23, 2024 – Grayscale Investments, the world’s largest crypto asset manager announced on July 19 that it had launched the Grayscale Decentralized AI Fund.Grayscale’s website on the Fund can be reached here. This innovative offering allows accredited investors to tap into the cryptocurrency ecosystem’s burgeoning decentralized AI (DAI) sector. The fund […]

Washington, Thursday, September 07: In a recent development, a three-member panel from the United States Court of Appeals for the District of Columbia Circuit delivered a verdict on Tuesday, September 5th, asserting that the Securities and Exchange Commission (SEC) had erred in its decision to deny Grayscale Investments’ request for the listing of an Exchange-Traded […]

While the current cryptocurrency market has come a long way since its inception back in 2009, there are still numerous challenges to overcome. For example, the volatility of prices and uncertain trust in central authorities pose significant problems. Enter stablecoins: instead of issuing new cryptocurrencies that track an index or basket of other assets, stablecoins […]

New York, Tuesday, October 23: The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) identifying international Convertible Virtual Currency Mixing (CVC Mixing) as a category of transactions with significant money laundering risks, including those associated with Hamas . The measures are aimed at increasing transparency […]

London, Wednesday, October 09, 2024- A new HBO documentary yesterday claimed that it had identified Peter Todd, a Canadian developer, as the elusive Satoshi Nakamoto, the pseudonymous founder of Bitcoin. However, Todd had denied the claim. The claim, made by award-winning filmmaker Cullen Hoback, has reignited debate in the crypto world, although Todd has strongly […]

WINNIPEG, Manitoba, Saturday, July 27, 2024- HIVE Digital Technologies Ltd. It announced on July 23 that it was expanding its Bitcoin mining operations into Paraguay.HIVE’s announcement can be read here. The new facility, expected to consume 100 megawatts of electricity, will double HIVE’s mining capacity. The company says it plans to source power from the […]

Hong Kong, Wednesday, October 30, 2024- Hong Kong is set to intensify its push for cryptocurrency adoption with new regulatory changes designed to make the city more attractive to crypto investments and trading platforms. During a speech at the Hong Kong Fintech Week, Christopher Hui, Secretary for Financial Services and the Treasury, confirmed that tax […]

Hong Kong October 24, 2023: Hong Kong-based crypto venture capital firm CMCC Global said on October 4 said it had raised $100 million to support Asian blockchain startups. The fund, called Titan Fund, has already made five investments, with two going toward Hong Kong-based projects. Titan Fund’s inaugural funding round garnered substantial interest from 30 […]

Hong Kong, Tuesday, September 24, 2024-The Hong Kong Monetary Authority (HKMA) launched the second phase of its e-HKD pilot on Monday (September 23), focusing on tokenization, offline payments, and programmability. Dubbed “Project e-HKD+,” this phase brings together 11 groups, including major financial players like Bank of China, Hang Seng Bank, HSBC, Visa, and Mastercard. The […]

Hong Kong, Wednesday, October 16, 2024-Hong Kong police have dismantled a massive $46 million crypto romance scam that spanned across Asia, targeting men in multiple countries through advanced deepfake technology. The fraud syndicate behind the operation was running a sophisticated scam center in Hong Kong and used AI-generated images and videos to lure victims into […]

HONG KONG, Friday, July 26, 2024-Hong Kong introduced Asia’s first Bitcoin futures inverse product on July 23, offering investors a way to profit from declines in the cryptocurrency’s price. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, issued by China Southern Asset Management Co., will track the inverse daily performance of the S&P Bitcoin Futures […]

Hong Kong, Tuesday,  April 23, 2024 – Hong Kong’s push to become a global center for digital assets is facing headwinds as its newly proposed cryptocurrency regulations raise concerns from industry players. Livio Weng, CEO of HashKey Exchange, one of Hong Kong’s two licensed crypto exchanges, criticized the regulations for potentially limiting access to international […]

Canberra, Thursday, July 25, 2024- HSBC Australia has abruptly blocked all customer transactions to cryptocurrency exchanges, citing a surge in scam activity. The move, which took effect on July 24, 2024, restricts both bank transfers and credit card payments to crypto platforms. The bank claims the decision is to protect customers from financial losses. The […]

New Delhi, India, December 22, 2023 – The Indian government has directed authorities to block access to several major crypto exchange websites within the country, signaling a tightened grip on digital asset activity amid concerns over regulatory compliance and investor protection. The websites of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex […]

NEW DELHI, Friday, July 26, 2024 – India has maintained its hardline stance on cryptocurrency taxation, leaving the industry disappointed. Finance Minister Nirmala Sitharaman kept unchanged a 30% tax on profits from trading digital assets and a 1% tax deducted at source on crypto transactions during the annual budget presented Tuesday. The crypto industry had […]

New Delhi, Wednesday, August 21, 2024-Indian tax authorities have issued an $86 million tax demand to Binance under the Goods and Services Tax (GST) framework as the cryptocurrency exchange attempts to reestablish its presence in India, reports said. The demand comes after Binance, facing regulatory challenges, resumed operations in the country on August 15, 2024, […]

New Delhi, Thursday, September 12, 2024- India remains the top country for cryptocurrency adoption, according to Chainalysis’ 2024 Global Crypto Adoption Index released a while ago.The Chainanalysis report can be seen here. This marks the second consecutive year that India has ranked first, surpassing countries like Nigeria, Indonesia, the United States, and Vietnam. Chainalysis analyzes […]

JAKARTA, Monday, May 13, 2024 – Indonesia’s financial regulatory body, the Commodity Futures Trading Regulatory Agency (Bappebti), has formed a dedicated committee to monitor the cryptocurrency industry’s operations and compliance. Plt. Head of CoFTRA Kasan disclosed at the inauguration of the 2024 Crypto Literacy Month (BLK) event in Jakarta on May 2, 2024. This committee, […]

M2 calculates the money supply in the United States. It shows a record of increasing 40% since January 2020. What do you think about this, and do you know why this happened? This happened because when currencies do not have clear regulations around the total supply cap, the ruling government will print the money according […]

TEL AVIV, Israel, Monday, March 18, 2024 – An Israeli cryptocurrency exchange is set to launch the country’s first-ever stablecoin pegged to the Israeli shekel, according to a company statement. The stablecoin, named BILS, will be issued by Bits of Gold, a Tel Aviv-based crypto financial services company. BILS will be backed by an equivalent […]

São Paulo, Brazil, December 18, 2023– In a move signaling a major shift in Brazil’s financial landscape, Itau Unibanco, the country’s largest private bank, launched cryptocurrency trading services for its customers on December 6. Itau’s new platform, dubbed “Ion Crypto,” initially offers trading for Bitcoin (BTC) and Ether (ETH) through its financial trading platform, Ion. […]

Tokyo, Japan, Monday, March 4, 2024 – In a move aimed at bolstering domestic investment and innovation, Japan’s Cabinet on February 16, 2024, approved a comprehensive bill titled “Bill to partially amend the Act on Strengthening Industrial Competitiveness, etc. to promote the creation of new businesses and investment in industry.” The bill is now slated […]

Tokyo, Tuesday, October 01, 2024-Shigeru Ishiba, Japan’s incoming Prime Minister and leader of the ruling Liberal Democratic Party (LDP), has announced plans to promote blockchain and NFTs as part of a national economic strategy. Ishiba, formerly the Japanese Defense Minister, is set to take office next week after winning the LDP leadership race. According to […]

Tuesday, June 11, 2024 – DMM Bitcoin, one of the leading crypto exchanges in Japan, reported the theft of $305 million (48 billion yen of BTC) and 4502.9 BTC from its wallet. The following services—new account openings, new buying orders for spot trading, and crypto asset withdrawals—have been temporarily suspended to secure the infrastructure of […]

TOKYO, Friday, July 26, 2024-Metaplanet, a Japanese investment firm, has partnered with Hoseki to independently verify its Bitcoin holdings, a move aimed at enhancing transparency and trust in the cryptocurrency market. Hoseki offers a Bitcoin proof-of-assets verification service, allowing users to prove ownership without compromising privacy, and facilitating transactions like loans, financial statements, and regulatory […]

New York, USA – October 31, 2023: JPMorgan Chase’s JPM Coin, a digital token designed to facilitate payments between wholesale clients, is now processing $1 billion worth of daily transactions, according to the bank’s global head of payments, Takis Georgakopoulos. In an interview with Bloomberg Television on Thursday, Georgakopoulos said that the bank is “ramping […]

Monday, February 12, 2024 – JPMorgan Chase is actively exploring the role of blockchain technology in financial transactions through its dedicated platform, Onyx. Launched in 2020, Onyx serves as an authorised blockchain platform specifically designed for the wholesale payments sector. It facilitates secure and efficient cross-border transactions, offering advantages like reduced counterparty risk and faster […]

New York, Tuesday, October 15, 2024- Vice President Kamala Harris has introduced a cryptocurrency regulatory framework as part of her “Opportunity Agenda for Black Men,” seeking to address the increasing involvement of Black Americans in digital assets. According to her campaign, over 20% of Black Americans own crypto. This move comes less than a month […]

Washington, Tuesday, September 10, 2024 – Vice President Kamala Harris unveiled her policy positions for her presidential campaign yesterday, but the list notably excludes any mention of cryptocurrencies, reports said. While Harris has committed to supporting “American innovation and workers,” focusing on sectors like artificial intelligence, she has remained silent on the growing cryptocurrency industry […]

Road Town, British Virgin Islands, Friday, December 29, 2023- KoinBay, a centralized cryptocurrency exchange (CEX), has officially announced it launch in the British Virgin Islands (BVI), opening a new gateway for crypto traders. A report said that the platform, designed to cater to both novice and experienced enthusiasts, offers an intuitive interface and a diverse […]

London, Thursday, May 2, 2024 – Canadian investors and financial organizations had increased their involvement in crypto – based systems compared to 2021, a survey conducted by KPMG and CAASA has revealed. The survey was jointly conducted by KPMG and the Canadian Association of Alternative Assets and Strategies (CAASA) on the 2023 Institutional Adoption of […]

SAN FRANCISCO, CA, October 10, 2023: Kraken, one of the world’s largest cryptocurrency exchanges, announced on October 5 that it had acquired Coin Meester B.V. (BCM), a Dutch crypto broker. The deal, which is expected to close in the fourth quarter of 2023, is expected to give Kraken a foothold in the Dutch market and […]

MANILA, The Philipines, Monday, April 01, 2024- Citing a lack of necessary licenses, the Philippine Securities and Exchange Commission (SEC) has initiated the blocking of cryptocurrency exchange Binance within the country. The move comes after the SEC determined that Binance offered investment and trading platforms for securities without the required licenses under Philippine law. The […]

Paris, France – October 10, 2023: Crypto wallet maker Ledger is laying off 12% of its staff due to macroeconomic headwinds that are limiting its ability to generate revenue. Bloomberg reported on October 5 citing an email from the CEO to the staff. The report cited Ledger CEO and Chairman Pascal Gauthier as saying in […]

LONDON, Monday, April 01, 2024- The London Stock Exchange (LSE) announced on March 25 via a notice that it will begin trading exchange-traded notes (ETNs) linked to cryptocurrencies on May 28, 2024. In a recent market notice, N03/24, the London Stock Exchange (LSE) has outlined the admission procedure for Bitcoin and Ethereum Exchange-Traded Notes (ETNs). […]

LONDON, Monday, May 27, 2024- The London Stock Exchange (LSE) will commence trading for exchange-traded notes (ETNs) based on Bitcoin (BTC) and Ether (ETH) tomorrow Tuesday, May 28, 2024. It is important to note that participation in this market will be limited to professional investors. The London stock Exchange announced in March. The move follows […]

New York, August 18– Six legal experts and Senator Cynthia Lummis filed an amicus brief on August 11 supporting Coinbase in the company’s ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). The brief, filed in the U.S. District Court for the Southern District of New York, argues that the SEC’s lawsuit is “overreaching” […]

New York, Friday, September 27, 2024 – The U.S. Securities and Exchange Commission (SEC) announced a settlement with Mango DAO, Mango Labs LLC, and Blockworks Foundation on Friday over allegations that the MNGO token was an unregistered security. The settlement includes the destruction of MNGO tokens, a request to crypto exchanges to halt trading the […]

NEW YORK, DC, Thursday, August 15, 2024- Marathon Digital Holdings, one of the largest Bitcoin miners, has acquired $249 million worth of Bitcoin following a $300 million note sale aimed at expanding its business. The company announced on August 14 that it used part of the proceeds to purchase approximately 4,144 Bitcoins at an average […]

London, Monday, March 25, 2024 – MemeLife, a new cryptocurrency project focused on memes, has announced an upcoming presale event, according to a press release by Chainwire issued on March 14, 2024.The full media release can be read here. The initiative allows early investors to acquire MemeLife tokens (MEME) before their official launch on the […]

Smart contracts have become the forefront of blockchain innovation by ushering in a new era of trust and automation, where transactions are faster, cheaper, and more secure than ever. These self-executing agreements that are coded on blockchains are the building blocks of decentralized applications and platforms.However, smart contracts suffer from one fatal flaw due to […]

The verification of ownership of any physical or digital asset is essential for the legitimacy of financial and non-financial transactions. Conventionally, the authentication process for these assets has been documented on paper or digitalized into a central database, which is often inefficient and exposes them to fraudulent documentation processes. NFTs have given creators the opportunity […]

New York, NY, Tuesday, March 26, 2024-MetaMask, the leading self-custody cryptocurrency wallet, is testing the first entirely on-chain payment card in collaboration with global payments giant Mastercard, a report by Coindesk said. Issued by Baanx, the card would allow users to spend their cryptocurrencies “on everyday purchases, everywhere cards are accepted.” MetaMask, boasting over 30 […]

In October 2022, the European Union unveiled the Markets in Cryptoassets (MiCA) Regulation. Approved by the European Parliament, it is the world’s first crypto-asset regulatory framework, addressing key crypto investing concerns. Most crypto-assets, excluding those like security tokens and central bank digital currencies, now find their regulatory home within MiCA. This includes: Further, public offerings […]

New York, Monday, October 28, 2024-Microsoft has urged shareholders to vote against a proposal to assess Bitcoin as a diversification tool at the upcoming annual meeting on December 10, according to a recent SEC filing. Microsoft submitted a Schedule 14A form to the SEC, outlining proposals for its December 10th annual shareholder meeting. One proposal […]

New York, Thursday, October 31, 2024-Enterprise software firm MicroStrategy, the biggest Bitcoin holder again yesterday announced that it had enlisted banks to assist in raising $42 billion through new stock and fixed-income sales to expand its cryptocurrency reserves. The “21/21 Plan” could see the company generating $21 billion from stock sales and an additional $21 […]

New York, Tuesday, October 15, 2024-Michael Saylor, executive chairman of MicroStrategy, has outlined the company’s vision to become the leading bitcoin bank, projecting a future trillion-dollar valuation. The strategy hinges on accumulating bitcoin and leveraging capital markets. Currently, MicroStrategy holds 252,220 BTC, worth over $15 billion, with a cost of around $9.9 billion. Rather than […]

New York, Wednesday, September 25, 2024-MicroStrategy’s financial profile could significantly strengthen as the company continues to expand its Bitcoin holdings and explore potential yield-generation strategies through lending, a report by Benchmark said. Reports said that last week MicroStrategy (MSTR) purchased 7,420 Bitcoin for $458 million, bringing its total Bitcoin holdings to 252,220 BTC, valued at […]

TYSONS CORNER, Va. Friday, June 14, 2024- Business intelligence company MicroStrategy announced plans to raise $500 million through a private offering of convertible senior notes. The company intends to use the proceeds to acquire more Bitcoin and for general corporate purposes. Due in 2032, the notes will be offered to qualified institutional buyers and convertible […]

NEW YORK, Tuesday, April 23, 2024- Short sellers betting against business intelligence firm MicroStrategy (MSTR.O) have suffered significant losses in recent months, according to data from S3 Partners. The data, released on April 10, 2024, shows that short sellers have lost an estimated $1.92 billion since March. This comes amidst a rally in the cryptocurrency […]

New York, Monday August 5, 2024-MicroStrategy plans to sell up to $2 billion in class A shares to invest further in Bitcoin and for other corporate purposes, according to a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday, August 1, 2024. The Virginia-based company, led by Bitcoin advocate Michael Saylor, has not […]

NEW YORK, Wednesday, September 18, 2024- MicroStrategy has announced plans to raise $700 million through the issuance of convertible senior notes due in 2028. The company says it intends to use the proceeds from this offering to further expand its Bitcoin holdings. The announcement said that the private placement would be made available to qualified […]

New York, November 05, 2024–The largest corporate holder of Bitcoin MicroStrategy reported its financial results for the third quarter of 2024 on October 30. In the third quarter, MicroStrategy achieved a 5.1% BTC Yield KPI, raising a total of $2.1 billion through equity and debt. The company’s total bitcoin holdings increased by 11% during the […]

Introduction : Get ready to dive into the exciting world of MicroStrategy’s Bitcoin strategy! Imagine being the first publicly traded company to invest in Bitcoin and now holding a whopping 140,000 coins worth over $4.17 billion. This move, seen as “daring” and “bold” by many industry analysts, has caught the attention of big players like […]

New York, Thursday, 24, 2024-MicroStrategy, the largest corporate holder of Bitcoin, has grown its market capitalization from $1.5 billion to over $40 billion in just four years. Co-founder Michael Saylor attributes the surge to the company’s innovative approach of merging Bitcoin with traditional finance. Speaking to The New Zealand Herald, Saylor explained that MicroStrategy’s business […]

Tokyo, Japan – October 4, 2023 – MonexGroup, Inc. and NTT DOCOMO, Inc. announced a capital and business alliance agreement. Under the terms of the agreement, NTT DOCOMO will acquire a 49% stake in Monex Securities Co., Ltd., a subsidiary of MonexGroup. The agreement is expected to close in October 2023. The alliance will combine […]

Sydney, Australia, Tuesday, October 15, 2024- Monochrome Asset Management launched Australia’s first exchange-traded fund (ETF) directly holding Ether (ETH) earlier today. The Monochrome Ethereum ETF (IETH) began trading on the Sydney-based Cboe Australia with initial net assets reaching $176,600 (AUD 262,500) by 2 PM local time. The IETH ETF offers dual-access options, allowing for both […]

London, UK, Friday, June 28, 2024 – Following a successful launch in the United States, MoonPay, a fiat-to-crypto payment platform, announced the expansion of its partnership with PayPal to users in the European Union (EU) and the United Kingdom (UK). This integration allows users to purchase cryptocurrency directly using their existing PayPal accounts. The rollout […]

Austin, Texas, Saturday, August 5: Tesla CEO Elon Musk today denied plans to launch a cryptocurrency, dispelling rumors that his company X (formerly Twitter) had already done so. In a Tweet on August 5, Musk, in response to another post, said, “And we never will.” Following a cautionary message from a user known as Doge […]

New York, Monday, October 21, 2024-Tesla billionaire Elon Musk has issued a stark warning about the U.S. government’s financial practices, claiming the country is headed toward “bankruptcy.” His remarks come amid heightened volatility in the cryptocurrency market, particularly following Tesla’s last week movement of $750 million in Bitcoin, which sparked speculation about potential sales of […]

NEAR Foundation is an organization focused on supporting the social process as part of a redistributed system. As time passes, the mission of NEAR is to continue expanding as more resources will be made available through ecological and local financial resources. NEAR’s Vision of the Future: The foundation aspires to nurture the ecosystem’s development by […]

Wellington, Thursday, September 12, 2024-New Zealand introduced a new tax bill on September 8 that includes the introduction of the Organization for Economic Cooperation and Development (OECD) crypto reporting framework. Titled the Omnibus Taxation (Annual Rates for 2024-2025, Emergency Response, and Remedial Matters) Bill (Bill), had its first reading on 29 August 2024. The Bill makes a […]

New York, Thursday, October 24, 2024-Nigeria’s Economic and Financial Crimes Commission (EFCC) has dropped money laundering charges against Tigran Gambaryan, a senior Binance executive, to allow him to receive medical treatment abroad. The EFCC announced its decision to withdraw charges against Gambaryan on Wednesday, allowing him to seek urgent medical care. However, the court case […]

LAGOS, Nigeria, January 2, 2024 – The Central Bank of Nigeria (CBN) on Friday, December 23 announced that it had reversed its two-year ban on cryptocurrency trading, signaling the emergence of a regulated digital asset market in Africa’s most populous country. The move, effective immediately, holds the promise of financial inclusion, innovation, and economic opportunities […]

LAGOS, Nigeria, June, Thursday 27, 2024 – Nigerian authorities have issued a 30-day deadline for cryptocurrency companies operating in the country to re-register under a new regulatory regime. The Securities and Exchange Commission (SEC) announced the directive on Thursday, aiming to bring greater oversight to the growing cryptocurrency industry in Nigeria. Details regarding the specific […]

Abuja, Tuesday, September 10, 2024-Nigeria’s Securities and Exchange Commission (SEC) plans to take enforcement actions against businesses and individuals engaged in unregulated cryptocurrency transactions, Nigerian SEC Director-General Emomotimi Agama announced yesterday (September 9). He emphasized the need for regulatory oversight in the growing crypto market, stating that firms operating without proper regulation will face penalties. […]

LAGOS, Nigeria, Monday, March 18, 2024 – Nigerian authorities have detained two senior executives from cryptocurrency exchange Binance, according to a Financial Times report on Tuesday, March 13. Authorities detained two top executives from the cryptocurrency exchange Binance. Two top executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, were reportedly detained by Nigerian prosecutors after […]

Abuja, Nigeria, Monday, March 11, 2024 –Following Binance CEO Richard Teng’s continued absence after being summoned, Nigeria’s Parliament has issued a formal warning to the cryptocurrency exchange. The House of Representatives Committee on Financial Crimes had previously summoned Teng to address allegations of financial misconduct, including suspicious financial flows, money laundering concerns, and potential tax […]

New York, Monday, March 18, 2024 –NORQUE, a new player in the blockchain space, is making bold claims about transforming the landscape of blockchain technology, cryptocurrency, the metaverse, and artificial intelligence (AI). NORQUE, a recently launched project, promises to revolutionize the interaction between blockchain technology, cryptocurrency, the metaverse, and artificial intelligence (AI). Details regarding NORQUE’s […]

Hong Kong, Tuesday, January 30- The Annual WikiFinance Expo Hong Kong will be held on May 17, 2024, at Sky100, Hong Kong, WikiFinace’s website announced recently. Registrations are still open. The annual event will cover Fintech, Blockchain, Crypto, Web 3.0, Metaverse, NFT, GameFi, and AI. More than 3,000 participants are expected, while more than 50 speakers […]

SAN FRANCISCO, Thursday, June 20, 2024- In a significant shift within the technology sector, chipmaker Nvidia on Tuesday surpassed Microsoft to become the world’s most valuable company by market capitalization. In June first week Tesla CEO Elon Musk also pledged that he would buy USD 9 bn worth of chips from Nvidia. On June 13, […]

Thursday, June 6, 2024 – New York Stock Exchange (NYSE) president Lynn Martin expressed openness to offering cryptocurrency trading but highlighted the lack of clear regulations in the US as a major hurdle. She made these comments during a discussion at Consensus 2024 in Austin, Texas. The gathering of the $58 billion of assets in […]

SINGAPORE, Tuesday, May 7, 2024 – A technical glitch affecting the OKX cryptocurrency exchange’s API caused widespread confusion among users in late March. OKX announced this on its Telegram channel as well as on the X platform. Reports said that the issue resulted in inaccurate account balance displays for many of users in Singapore, Japan, […]

Victoria, Wednesday, March 13, 2024 – OKX, the blockchain foundation in Turkey, launched OKX TR, the innovative crypto exchange platform exclusively for Turkish traders, on February 27, 2024. The mission of delivering a reliable, transparent and compliant platform safeguarding the users ability to explore decentralized finance and crypto has been executed with the introduction of […]

New York, Friday, October 4, 2024- PayPal has completed its first business transaction using its proprietary PYUSD stablecoin, paying an invoice to Ernst & Young. The Silicon Valley-based digital payments firm used the transaction to demonstrate the ease of using PYUSD for commercial payments. Bloomberg reported that the funds were transferred through an enterprise-level digital currency […]

New York, Thursday, September 26, 2024-PayPal has announced a major expansion in its cryptocurrency services, allowing U.S. business accounts to buy, sell, hold, and transfer digital assets.PayPal’s announcement can be reached here. The move, part of PayPal’s growing digital presence, will soon enable millions of merchants across the United States to use cryptocurrencies more freely […]

San Jose, September 12: Global online payment giant PayPal unveiled a new capability on September 11, enabling web3 merchants in the United States to accept cryptocurrency payments from their customers. The feature, known as “PayPal On and Off Ramps,” seamlessly integrates with PayPal’s existing service that permits U.S. consumers to purchase and trade cryptocurrencies backed […]

New York, Wednesday, October 23, 2024- Bitcoin core developer Peter Todd has gone into hiding following harassment after being wrongly identified as Satoshi Nakamoto in an October 8 HBO documentary. Todd, who has denied being the elusive Bitcoin creator, claims he has been inundated with requests for money, including one individual sending 25 emails in […]

LONDON, Oct. 30, 2023 – Parity Technologies, the company behind the Polkadot blockchain, is cutting 30% of its workforce, or about 100 employees, amid a widespread wave of layoffs across the crypto industry, a news report said last week. The staff layoffs come as part of Parity’s effort to shift its focus back to its […]

Following the news that the Paxos Trust Company will stop issuing the stablecoin BUSD due to being instructed by the New York State Department of Financial Services (NYDFS), PayPal has allegedly delayed the launch of its own stablecoin, reported Bloomberg citing anonymous sources. Legislators and financial regulators have been calling for improved consumer protection, tax […]

Ripple, Binance stress that the affected wallets belonged to Chris Larsen’s private accounts and have nothing to do with Ripple San Francisco, February 7, 2024 – The value of XRP, the cryptocurrency associated with payments company Ripple, experienced a notable decline following news that co-founder Chris Larsen’s private crypto wallets were breached on Tuesday, January […]

New York, Friday, October 11, 2024- Digital asset infrastructure provider Ripple said it had introduced new functionalities to its custody service, aiming to deliver “bank-grade” security to cryptocurrency firms. These enhancements include integration with the XRP Ledger (XRPL), offering companies expanded liquidity and the ability to tokenize real-world assets (RWAs). The XRP token surged by […]

New York, Thursday, October 17, 2024-At the Ripple Swell 2024 conference on Tuesday, Ripple announced new partnerships with major global exchanges for the distribution of RLUSD, a USD-denominated stablecoin designed for enterprise-level financial applications. The RLUSD stablecoin emphasizes regulatory compliance and financial security, aiming to set a new standard in enterprise-grade digital currencies. Ripple’s CEO […]

NEW YORK, Thursday, August 08, 2024 – Ripple Labs will pay a $125 million penalty to the Securities and Exchange Commission(SEC) to settle charges of illegally selling the XRP cryptocurrency. The SEC alleged that Ripple raised more than $1.3 billion through unregistered securities offerings. The penalty is significantly lower than the $2 billion originally sought […]

Dubai, November 15, 2023 – Ripple, the enterprise blockchain solutions provider for payments and international settlements, on November 8 announced in Dubai a new partnership with RocketFuel, another payment platform that allows payments in XRP. The partnership will allow businesses to accept XRP payments through RocketFuel’s payment gateway, which is used by businesses, including e-commerce […]

New York, Sunday, October 6, 2024-Ripple has launched its end-to-end payments solution in Brazil, partnering with Mercado Bitcoin to enhance cross-border transactions between Brazil and Portugal using blockchain technology. The partnership will allow Mercado Bitcoin to streamline its internal treasury operations, testing Ripple’s platform for efficiency. Initially, this will be for institutional use between Mercado […]

New York, October 20, 2023: The US Securities and Exchange Commission (SEC) on October 20 agreed to dismiss its lawsuit against Ripple Labs, Inc., the company behind the XRP cryptocurrency. The SEC had alleged that Ripple sold XRP as an unregistered security, but the company has denied the allegations. The settlement between the SEC and […]

New York, Thursday, September 05, 2024- Ripple has requested a delay in the payment of a $125 million fine, which was due on September 6, with SEC agreeing to the proposed terms. The request, filed recently, could indicate a potential appeal or settlement, reports said. In August, Judge Torres ordered Ripple to pay the fine […]

NEW YORK, Monday, September 02, 2024- The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may be nearing its conclusion, according to reports.Although, Ripple had agreed to pay the $ 125 mn imposed by the court, there is no definite timeline is given, while SEC is also repeatedly hinting […]

MENLO PARK, Calif. Tuesday, May 21, 2024 – Robinhood, the popular stock and cryptocurrency trading platform, reported a surge in cryptocurrency revenue despite facing ongoing enforcement action from U.S. regulators, according to its first-quarter earnings report released on May 8. The company’s overall revenue climbed 40% year-over-year to $618 million, with cryptocurrency transactions driving a […]

Menlo Park, California – Thursday, December 7, 2023 – Robinhood, the trading app of Robinhood Markets Inc, officially launched its crypto trading services in the European Union (EU) on Thursday, December 7. The launch coincides with a strong recovery in the Bitcoin price, which reached a 19-month high in recent times. Robinhood’s crypto platform offers […]

New York, Thursday, October 31, 2024-Robinhood reported a third-quarter revenue of $637 million on Wednesday, missing Wall Street’s $657.9 million estimate due to unaccounted “contra revenue” from customer incentives. Shares of the commission-free trading platform dropped 11% in after-hours trading. The Q3 Report can be reached here. The $27 million revenue hit stemmed from Robinhood’s […]

Moscow, Saturday, October 4, 2024-Russian police launched a large-scale operation targeting illegal crypto exchanges in Saint Petersburg, conducting raids on multiple addresses across the city yesterday. The crackdown, led by the Ministry of Internal Affairs and supported by local law enforcement, resulted in over 90 people being arrested or cautioned. Authorities suspect that the exchanges […]

New York, Monday, October 21, 2024 – Russian President Vladimir Putin had revealed a plan for BRICS countries to adopt digital currencies as an investment tool, aimed at reducing dependence on Western financial systems during a BRICS media meeting on Friday, October 18. At the meeting Putin emphasized the proposal’s goal to drive economic growth […]

Moscow, Thursday, September 26, 2024- Authorities in Dagestan, Russia, have uncovered illegal subterranean crypto mining farms stealing power from the national grid, exacerbating the region’s ongoing energy issues. According to TASS and a statement from Dagestan’s Cabinet of Ministers, police and energy officials raided a clandestine mining facility in Makhachkala, the republic’s capital. Seventeen crypto […]

WASHINGTON, DC, Monday, April 01, 2024 – The US Department of Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on March 25 against 13 entities and two individuals linked to Russia for facilitating the evasion of U.S. sanctions through cryptocurrency. According to a statement from OFAC, these individuals and entities operate within Russia’s financial […]

New York, Friday, September 29- A judge yesterday rejected a request by FTX founder Sam Bankman-Fried to be released from custody during his trial. Bankman-Fried is accused of defrauding cryptocurrency investors, and he faces up to 20 years in prison if convicted. Bankman-Fried’s lawyers had argued that he should be released on bail because he […]

New York, Monday, July 31 (1 Min Read) – Sam Bankman-Fried, the CEO of the cryptocurrency exchange FTX, may not have escaped campaign finance charges after all, reports said. Prosecutors had withdrawn a campaign finance charge ahead of Bankman-Fried’s criminal trial this October. The U.S. Department of Justice is not letting FTX founder Sam Bankman-Fried […]

LONDON, July 31, 2023- Sam Bankman-Fried, the CEO of the cryptocurrency exchange FTX, has surrendered Caroline Ellison’s personal writings to the court on July 27. Ellison is a former FTX employee who has accused Bankman-Fried of sexual harassment and discrimination. The writings, which reportedly include emails, text messages, and other documents that Ellison wrote about […]

 Las Vegas, Nevada, Wednesday, May 8, 2024 – A Bitcoin wallet from the early days of the cryptocurrency, known as the “Satoshi Era,” has awakened after 14 years of inactivity. The wallet transferred 50 bitcoin (BTC), currently worth over $3 million, on April 15. The transaction highlights a recent trend of dormant Bitcoin wallets reactivating, […]

Says He and SBF created a backdoor for Alameda Research to get Unlimited Funds; Pleads Guilty. NEW YORK, Friday, October 7: Gary Wang, a co-founder of the cryptocurrency exchange FTX on October 6, 2023, pleaded guilty to fraud and testified against Sam Bankman-Fried in the ongoing trial against crashed FTX. Wang testified that he and […]

London, Wednesday, November 06, 2024 – Zodia Custody, the crypto custody firm supported by Standard Chartered, is in advanced talks to raise $50 million as part of its plan to expand geographically and enhance its digital asset storage services. According to Bloomberg, CEO Julian Sawyer stated that Zodia is seeking investment to strengthen its custody […]

Salt Lake City, Utah – December 22, 2023 – The Securities and Exchange Commission (SEC) admitted to misrepresenting facts in a crypto case and apologized to a Federal Judge recently when it sought a restraining order and asset freeze against Digital Licensing Inc. (DEBT Box) in July. The SEC then alleged a $50 million investor […]

New York, Tuesday, September 24, 2024-The US Securities and Exchange Commission (SEC) has approved Nasdaq’s International Securities Exchange (ISE) to list and trade options on BlackRock’s iShares Bitcoin Trust (IBIT).This significant move follows months of review and signals growing acceptance of Bitcoin derivatives in the financial sector. BlackRock initially submitted the proposal in March 2024, […]

Washington, Tuesday, August 13, 2024- The Securities and Exchange Commission (SEC) on Monday charged a multi-level marketing company, NovaTech, and its principals with defrauding more than 200,000 investors worldwide of over $650 million in cryptocurrency. The full text of the SEC Press Release can bee seen here. Cynthia and Eddy Petion, the company’s founders, are […]

Friday, September 27, 2024-In a groundbreaking legal decision, the U.S. Securities and Exchange Commission (SEC) has successfully classified certain crypto mining equipment as securities, tightening its regulatory grip on the industry. A federal court ruling on Thursday affirmed the SEC’s interpretation in a lawsuit against Green United LLC, stating that mining devices and hosting agreements […]

WASHINGTON, DC, Friday, May 24, 2024- In a surprise move, the Securities and Exchange Commission (SEC) on Thursday, May 23 approved applications for several spot Ethereum ETFs (exchange-traded funds). The approval applies to exchange listings from Nasdaq, CBOE, and NYSE. The move follows months of delays and a lack of clear guidance from the SEC […]

WASHINGTON, Wednesday, July 31, 2024 – The U.S. Securities and Exchange Commission (SEC) intends to amend its lawsuit against Binance, the world’s largest cryptocurrency exchange, including revisions related to “Third Party Crypto Asset Securities,” according to a court filing on Tuesday. The court filing can be reached here. The decision could delay any court ruling […]

New York, USA – October 31, 2023: A federal appeals court last week ordered the Securities and Exchange Commission (SEC) to revisit Grayscale Investments’ application for a spot Bitcoin exchange-traded fund (ETF). The court’s ruling is viewed as a substantial win for Grayscale, with the potential to create broad ramifications within the cryptocurrency market. In […]

Washington, Wednesday, November 06, 2024– The US Securities and Exchange Commission (SEC) has initiated a formal 240-day review period for Grayscale Investments’ proposal to uplist its Digital Large Cap Fund (GDLC) as an exchange-traded product (ETP) on NYSE Arca, according to a company update. The application, filed by NYSE Arca in October, aims to convert […]

New York, Friday, October 11, 2024-The US Securities and Exchange Commission (SEC) has filed a lawsuit against crypto market maker Cumberland DRW, accusing the firm of operating as an unregistered securities dealer. The SEC alleges that Cumberland traded over $2 billion in crypto assets, which should have been registered as securities, since 2018. Cumberland promoted […]

New York, Sunday, November 03, 2024-The US Securities and Exchange Commission (SEC) has issued a Wells Notice to Ethereum-based gaming company Immutable, suggesting it may face legal action for alleged securities law violations connected to its IMX token sales. The SEC’s notice also included a letter to Immutable’s CEO, James Ferguson, and the Digital Worlds […]

SAN FRANCISCO Tuesday, April 16, 2024- The US Securities and Exchange Commission (SEC) partially won its legal battle against cryptocurrency exchange Coinbase on Tuesday, April 9, 2024. A federal judge rejected Coinbase’s motion to dismiss the lawsuit, which alleges that the platform’s staking program involves the unregistered offer and sale of securities.  This decision allows […]

New York, Friday, September 19, 2024-A federal judge has dismissed Consensys’ lawsuit against the Securities and Exchange Commission (SEC), which challenged the SEC’s stance on Ethereum (ETH) and its scrutiny of MetaMask’s Swap and Staking features. The suit, filed in April 2024, claimed the SEC was improperly treating Ethereum as a security, while also focusing […]

New York, NY, Monday, February 12, 2024 –The US Securities and Exchange Commission (SEC) on Tuesday, February 6, 2024, announced changes in rules seen as having potentially significant implications for cryptocurrency and decentralized finance (DeFi) markets. The new rules mandate increased registration, participation in a self-regulatory organization, and adherence to federal securities laws and regulations […]

New York, Thursday, August 1, 2024- Sen. Cynthia Lummis, R-Wyo., introduced a bill to the U.S. Senate yesterday, Wednesday, July 31, 2024, seeking to establish a national Bitcoin reserve as political interest in cryptocurrency intensifies. The chances of this becoming law are currently seen as very low. The presented draft can be reached here. The […]

DES MOINES, Iowa, Saturday, July 27, 2024- A coalition of seven US states is challenging the Securities and Exchange Commission’s authority to regulate cryptocurrencies, arguing the agency is overstepping its bounds. Iowa Attorney General’s statement can be read here. Led by Iowa Attorney General Brenna Bird, the states filed an amicus brief on July 10 […]

Victoria, Friday, August 23, 2024-The Seychelles National Assembly passed a bill to regulate virtual asset service providers (VASPs), marking a significant step in the country’s digital finance landscape. Introduced by Finance Minister Naadir Hassan and passed on August 8, the legislation mandates that any entity operating as a VASP in Seychelles must establish a local […]

November 6, 2023: The price of Shiba Inu (SHIB), a popular meme cryptocurrency, has been on the rise in recent days, coinciding with the Shiba Inu team’s initiation of a countdown for a mysterious project called “Identity.” The Shiba Inu team began teasing the Identity project in September 2023, releasing cryptic messages and symbols that […]

New York, Tuesday, October 29, 2024-The Shiba Inu team has issued a warning about a new wave of scams targeting its community, particularly through the promotion of a fraudulent “Treat” token. According to Shibarium Trustwatch, a watchdog group within the Shiba Inu ecosystem, scammers are using fake social media accounts and Telegram groups to deceive […]

Singapore, Wednesday, November 06, 2024 – The Monetary Authority of Singapore (MAS) yesterday announced new measures to accelerate asset tokenization, aiming to transform the nation’s financial services landscape. Under its flagship Project Guardian, MAS plans to support tokenized asset markets through the establishment of commercial networks and infrastructure. As an initial step, MAS will create […]

Singapore, Thursday, September 26, 2024-A Singapore court has granted a four-month conditional moratorium to Indian cryptocurrency exchange WazirX, following its $234 million hack in July that compromised 45% of customer funds. The moratorium was granted on Thursday, with specific conditions that require WazirX to disclose wallet addresses, respond to users’ queries, and provide its financial […]

Singapore, Friday, October 6 — The Web3 Gaming Summit, a two-day event that brings together stakeholders in the gaming and blockchain industries, will be held on October 11, 2023, at 9:30 (UTC+8) at the Marina Bay Sands Hotel in Singapore. The Web3 Gaming Summit is being organized by the Asian Blockchain Gaming Alliance (ABGA) and […]

Singapore, November 23, 2023-The Monetary Authority of Singapore (MAS) has introduced stringent regulations for digital payment token (DPT) service providers, with these measures scheduled to be implemented in mid-2024. In a bid to protect investors and promote market stability, the MAS unveiled a series of key measures. One of the significant changes involves the prohibition […]

SINGAPORE, Tuesday, January 23, 2024- Blockchain development company SkyArk Studio , announced recently that it had secured $15 million in a Series A funding round led by cryptocurrency giant Binance Labs. The funding round, which also saw participation from prominent venture capital firms Draper Dragon and NGC Ventures, is expected to boost SkyArk Studio on […]

Paris, France, Wednesday, December 6, 2023: In a surprising move for the financial industry, Societe Generale, the leading French bank, has become the first major institution to list a Stablecoin on a public exchange. The digital asset, dubbed EUR CoinVertible (EURCV), tracks the value of the euro and trades on Bitstamp, a Luxembourg-based crypto exchange. […]

SAN FRANCISCO, CA November 21, 2023 – Solana (SOL), the high-performance blockchain protocol often referred to as the Ethereum killer, has recently experienced a remarkable surge in price, reaching a new high for the year 2023 at approximately $58. This significant price increase has fueled speculation among analysts that SOL could potentially reach a valuation […]

NEW YORK, NY, January 2, 2024 – The Solana blockchain, once closely associated with the now-defunct FTX exchange, is witnessing a notable resurgence, according to market reports last week. However, despite the recent upswing, analysts maintain a cautious stance. Reports said that fueled by the surging value of its native token, SOL, Solana has captured […]

NEW YORK, Thursday, December 21 – Solana (SOL) dethroned longtime rival XRP as the fifth-largest digital asset by market capitalization on Wednesday, December 20, surging over 9%, pushing its market cap past $37 billion and eclipsing XRP’s $33.5 billion valuation. This milestone marks a significant turnaround for Solana, which faced a rough 2022 due to […]

In today’s world of digital currencies, Solana stands out as a strong option for those looking beyond Ethereum’s limitations. Unlike Ethereum, Solana tackles the issue of scalability with its unique Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms, which add timestamps to its blockchain, making transactions much faster. For example, Solana’s network […]

Pretoria, Wednesday, March 6, 2024- The Treasury of South Africa announced on February 21, 2024, that the authorities were planning to use stablecoins and blockchain, paving the way to enhance the lives of insignificant groups. It is revealed that a policy change is planned to promote stablecoins as digital payments with an inclusively guided scheme. […]

New York, Tuesday, November 05, 2024- South Korea’s newly established Virtual Assets Committee is set to initiate a high-stakes discussion on Bitcoin Spot ETF approval when it convenes for the first time on tomorrow (November 6). Operating under the Financial Services Commission (FSC), the committee will also explore regulations permitting South Korean companies to utilize […]

SEOUL, South Korea, Monday, March 18, 2024 –  South Korean authorities are developing a tax system specifically designed to address cryptocurrency tax evasion, according to local media reports. The move comes amid a surge in cryptocurrency investment within the country and concerns that existing tax regulations are inadequate for capturing capital gains from crypto transactions. […]

Have you ever considered owning a virtual asset that could be worth much money? The concept of owning something in the digital world is not complex. In the world of Cryptocurrency, ownership and legitimacy are formalized by a redistributed system that is not controlled by one person or a governing body. In the 21st century, […]

NEW YORK, Tuesday, May 7, 2024 – The prospects of spot Ethereum exchange-traded funds (ETFs) is heating up following Franklin Templeton listing a proposed Ethereum ETF under the ticker symbol “EZET” on the Depository Trust and Clearing Corporation (DTCC). The move follows Franklin Templeton’s application for the “Franklin Ethereum ETF” filed with the Securities and […]

The U.S. Securities and Exchange Commission (SEC) has filed charges against Kraken, a prominent cryptocurrency exchange, alleging that it failed to register as a securities exchange. The SEC’s complaint asserts that Kraken’s Staking-as-a-Service (SaaS) program, which allows users to earn rewards by staking their crypto assets, constitutes an unregistered security. Staking involves locking up cryptocurrency […]

Toronto, Canada, Wednesday, August 28, 2024- A new study has linked cryptocurrency ownership to certain personality traits, including psychopathy, narcissism, Machiavellianism, and sadism. Researchers at the University of Toronto and the University of Miami surveyed 2,001 American adults to examine the relationship between cryptocurrency ownership and various psychological and social characteristics. However, the researchers cautioned […]

New York, Monday, October 28, 2024- A recent report by the Bitcoin Policy Institute suggests central banks consider Bitcoin as a hedge against rising inflation and geopolitical risks. Authored by economist Matthew Ferranti, the report titled The Case for Bitcoin as a Reserve Asset argues that Bitcoin could serve as a strategic reserve, potentially protecting […]

ZURICH, Switzerland, November 14, 2023 – SEBA Bank, a Swiss-based crypto bank has received regulatory approval from the Securities and Futures Commission (SFC) of Hong Kong to operate in the region, expanding its reach into the Asian financial hub. The license will enable SEBA Bank to offer a comprehensive suite of crypto-related services to institutional […]

New York, Friday, August 16, 2024- Switzerland is exploring the inclusion of cryptocurrency tax data in its international information exchange protocols. On Wednesday August 14, the Federal Council initiated a consultation process for a new bill that aims to facilitate the sharing of crypto asset information with 111 jurisdictions. These jurisdictions are part of the […]

Taipei, Saturday October 5, 2024 – Taiwan’s Financial Supervisory Commission (FSC) has introduced new anti-money laundering (AML) regulations for virtual asset service providers (VASPs), setting a September 2025 deadline for full compliance. Firms failing to meet these requirements could face fines of up to NT$5 million ($155,900) or a two-year prison term. The updated regulations, […]

Taipei, Sunday, October 13, 2024-Taiwan Financial Supervisory Commission (FSC) is set to launch a pilot program for institutional cryptocurrency custody services in early 2025. The initiative, aimed at promoting institutional adoption of crypto, has already attracted interest from three private banks, which are expected to participate in the trial. As reported by local media, participating […]

PARIS, Thursday, August 29, 2024- — Telegram CEO Pavel Durov who was arrested last week in France, was indicted by a French court yesterday (Wednesday) on charges including “complicity in the spread of sexual images of children” and drug trafficking, Bloomberg reported. Durov, who was taken into custody earlier in the day as part of […]

New York, Sunday, November 03, 2024-Franklin Templeton has announced the expansion of its OnChain US Government Money Market Fund (FOBXX) to Coinbase’s Ethereum scaling network, Base. This strategic move, announced on Thursday, allows the asset manager’s flagship crypto product to reach a broader audience on a platform designed for efficient and cost-effective development of crypto […]

New York, Thursday, September 19, 2024- Terraform Labs, the blockchain firm behind the Terra stablecoin, has received approval from a U.S. bankruptcy judge to wind down its operations. The decision, reported by Reuters News Agency, comes after months of legal battles following the collapse of Terra USD (UST), the company’s algorithmic stablecoin, which caused significant […]

New York, NY January 30, 2024 – Terraform Labs, the company behind the cryptocurrency Luna and stablecoin TerraUSD (UST), filed for Chapter 11 bankruptcy in the United States District Court for the District of Delaware on Sunday, January 21. Details of the filing can be seen here. Terra was a blockchain payment platform designed for […]

Thursday, June 20, 2024 – The price-stable crypto operating company Terraform Labs announced its termination of operations, selling its projects Pulsar Finance, Station Wallet, and Enterprise DAO within the Terra blockchain protocol, according to Chris Amani, the CEO of Terraform Labs. “TFL always intended to dissolve at some point and that point is now. We […]

New York, Thursday, October 17, 2024-Tesla, the electric vehicle giant led by Elon Musk, has transferred over $770 million worth of bitcoin to new addresses, according to on-chain data from Arkham Research. The movement of 11,509 bitcoins is thought to represent the company’s entire remaining bitcoin holdings. These transactions occurred over the past hour, following […]

NEW YORK, Monday, May 27, 2024— Tether, the company behind the world’s largest stablecoin USDT, is making a move to expand its reach and potentially revolutionize peer-to-peer (P2P) payments within the Telegram messaging app. On April 19, 2024, Tether announced the integration of USDT and its gold-backed sibling, XAUT, onto The Open Network (TON), a […]

Thursday, September 19, 2024- Reports said that Tether had frozen over 1,850 wallets linked to criminal activities, collaborating with more than 180 global agencies across 45 jurisdictions. This aggressive move, detailed in Tether’s latest report, resulted in the recovery of $1.86 billion in assets. The company’s efforts follows its ongoing fight against financial crime, with […]

London, Thursday, March 14, 2024- A British judge ruled on Thursday that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The verdict came after a five-week trial at the High Court in London. A detailed ruling will be given later. Justice Mellor delivered a swift decision, citing “overwhelming evidence” against […]

Terra Luna Blockchain was launched in 2018 and is the venture of businessmen Daniel Shin and Do Kwon. 2019 saw the debut of its LUNA governance and staking coin. LUNA’s value then immediately increased, and it was valued at almost $37 billion as of April 2022, making it the sixth most popular cryptocurrency. Shin and […]

What exactly are Bitcoin Ordinals? Bitcoin Ordinals are Satoshis that have been ordered by giving them a serial number based on the order in which they were mined. “Satoshis”, which is derived from the pseudonym that is used to identify the person/s that developed Bitcoin, are the smallest denomination of Bitcoin, which contains an equivalence […]

Washington DC, October 11, 2023: The US Consumer Price Index (CPI) rose 0.6% in September 2023, the biggest monthly increase since January 2022. This pushed the annual inflation rate to 8.2%, the highest level since December 1981, according to the US Bureau of Labor Statistics. According to their report, prices have gone up by 3.7% […]

Thursday, April 25, 2024 – The Open Network, TON Blockchain, launched a new venture on April 16, introducing Memelandia, a Web3-based cultural hub for meme coins and community tokens, announced in a post on X. Due to the rare use of meme coins in the crypto space, TON is paving the way to boost memecoins, […]

 New York, Tuesday, August 27, 2024- The memecoin ‘Resistance Dog’ (REDO), the largest on the Ton blockchain, surged over 140% on Monday after developers designated it as the official avatar for Toncoin across community channels. The move is part of a broader initiative by Ton developers to align with the “DigitalResistance” movement. The new avatar, […]

Binance, Bybit Suspend Trading on TON New York, Wednesday, August 28, 2024- The Open Network (TON) blockchain faced a major disruption on Wednesday, halting the validation of new transactions for over six hours. The team attributed the issue to an unusually high load on the network, which prevented several validators from cleaning the database of […]

Understanding Meme Coins To understand what meme coins are, we first have to understand what a meme is. Memes have been a pivotal part of internet culture long before the boom of crypto. Memes can be images, videos, GIFs, iconic lines from pop culture, and much more. Memes are often used jokingly or to express […]

TOKYO, Wednesday, July 24, 2024- Toyota Motor Corp. is exploring the use of Ethereum blockchain technology to manage vehicle data and potentially transform how cars are owned and used. “Toyota Blockchain Lab suggests developing a MOA (Mobility-Oriented Account) based on Ethereum ERC-4337 to ensure that the account itself can be retained even if the private […]

Finalised Regulations to be Published on Sunday July 7 WASHINGTON, Friday, July 5, 2024- The U.S. Department of the Treasury and the Internal Revenue Service (IRS) on Wednesday June 26 finalized regulations implementing the bipartisan Infrastructure Investment and Jobs Act’s (IIJA) reporting requirements for brokers of digital assets, a media statement issued by Department of […]

New York, Monday, September 02, 2024- Presidential candidate Donald Trump, along with his family and associates, is deepening his involvement in the cryptocurrency world, with a new focus on decentralized finance (DeFi) and non-fungible tokens (NFTs). Recently, Trump has been promoting World Liberty Financial, a DeFi project aimed at eliminating traditional financial intermediaries like banks. […]

New York, Friday, August 23, 2024-Former President Donald Trump announced on Thursday the launch of a new cryptocurrency platform, named The DeFiant Ones, targeting unbanked and underserved communities. This comes in the wake of reports that emerged on August 16 on the financial disclosures which revealed that Trump held at least $1 million in cryptocurrency, […]

Friday, August 30,2024-  Presidential candidate Donald Trump, has announced on X promising to make the United States the “crypto capital” of the planet.In his post on X, Trump announced plans to position the U.S. as the global leader in cryptocurrency, marking a significant shift in his stance. “This afternoon, I’m laying out my plan to […]

New York, Monday, October 14, 2024-  World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by former President Donald Trump and his family, will launch the public sale of its WLFI tokens tomorrow (October 15, 2024). This project, which opened its whitelist on September 30, has already attracted thousands of signups, demonstrating significant interest […]

ANKARA, Turkey, Thursday, June 27,2024- – Turkey’s parliament passed a new cryptocurrency bill on Thursday, introducing regulations for the industry alongside potential penalties for violations. The legislation establishes a framework for licensing and overseeing cryptocurrency service providers within the country. It also outlines penalties for non-compliance, including prison sentences and hefty fines. Individuals or entities […]

ANKARA, Turkey, Tuesday, January 16, 2024 – Turkey is nearing the final stages of technical studies for establishing crypto asset regulations, Finance Minister Mehmet Şimşek said on Wednesday, January 10, 2024, at a public gathering. Şimşek stated that the government aimed to finalize the technical studies “within the next few months,” indicating a potential swift […]

July 28 Elon Musk’s new Twitter “X” could integrate crypto, according to recent reports. For several years, Musk has consistently expressed his strong support for cryptocurrency, and Twitter, boasting over 300 million active users, stands as a prominent social media platform. This makes Twitter a potentially ideal platform for crypto integration. The rebranding to “X” […]

DUBAI, United Arab Emirates, Monday, May 6, 2024 – The United Arab Emirates (UAE) has witnessed a significant rise in cryptocurrency transactions, with volumes exceeding $25 billion in the past year, according to Dubai’s DMCC (Dubai Multi Commodity Center) Report released recently. This surge coincides with the UAE’s growing efforts to position itself as a […]

London, Monday, October 30: On Monday, Britain announced its intent to establish its inaugural set of regulations for the cryptocurrency sector. These regulations will mandate that market participants gain authorization before providing services to consumers. The European Union has already initiated the world’s first comprehensive rules designed specifically for crypto asset markets in June, attracting […]

London, Wednesday, February 14, 2024 – The British police announced on January 30 that they seized over £1.4 billion worth of Bitcoin in 2018, marking one of the largest cryptocurrency forfeitures globally. The announcement comes during the trial of a woman accused of laundering funds for her former employer, an alleged fugitive from Chinese authorities […]

London, Thursday, September 12, 2024-The UK Parliament introduced the Property (Digital Assets, etc.) Bill on September 11 marked a historic move to legally recognize digital assets such as cryptocurrencies and non-fungible tokens (NFTs) as personal property under English and Welsh law. This legislation proposes creating a new category of personal property specifically for digital assets, […]

In recent years, the popularity of cryptocurrencies has surged dramatically, attracting a growing number of individuals and businesses who are keen to invest in digital assets. However, concerns regarding the environmental impact of cryptocurrencies have emerged due to the significant energy consumption associated with conventional mining methods. For instance, in 2022 alone, bitcoin mining consumed […]

Bitcoin halving is a critical event in the world of cryptocurrency, occurring roughly every four years. During a halving, the reward for miners who validate transactions on the Bitcoin blockchain is slashed in half. This reduction in block rewards is fundamental to Bitcoin’s design, aimed at gradually decreasing the rate at which new bitcoins are […]

October 12, 2023: Decentralized exchange platform Uniswap in its blog feed said it had launched a beta version of its Android wallet for Google Play.The wallet allows users to swap tokens, manage their portfolios, and interact with decentralized applications (DApps) on the Ethereum blockchain. The launch of the Android wallet is a major milestone for […]

November 2, 2023: Craig Wright’s Bitcoin Cash fork, Bitcoin SV (BSV), is facing increasing scrutiny following a new study casting doubt on his claims to be the creator of Bitcoin, Satoshi Nakamoto. The study, published by the cryptocurrency research firm CoinGeek, found that Wright’s claims are “not credible” and that there are significant inconsistencies in […]

Seoul, South Korea Tuesday, January 30, 2024 – South Korean cryptocurrency exchange Upbit on Monday raised a red flag on the SSX (SOMESING) token, issuing an investment warning and temporarily suspending both trading and withdrawals due to potential security concerns. On Saturday Somesing disclosed a loss of 730 million of its native token, SSX, amounting […]

New York, Tuesday, October 08, 2024-A U.S. bankruptcy judge has approved the reorganization plan for FTX, marking a significant step in the aftermath of the crypto exchange’s collapse two years ago amid allegations of fraud. Judge John Dorsey, presiding over the case in the District of Delaware, confirmed the plan during a hearing on October […]

New York, Monday, October 28, 2024 – US authorities are intensifying scrutiny on Tether, the issuer of the world’s largest stablecoin, over potential involvement in criminal activities, according to The Wall Street Journal. The US Attorney’s Office for the Southern District of New York is reportedly examining whether third parties are using Tether’s USDT stablecoin […]

Washington, DC, Monday, April 8, 2029- The United States recently imposed sanctions on ‘Gaza Now’ and other entities allegedly involved in fundraising for Hamas through cryptocurrency. The sanctions were announced by the US. Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) on March 27. Among those targeted […]

WASHINGTON, Wednesday, May 1, 2024- The United States imposed sanctions on Thursday on cryptocurrency addresses linked to a Russian drone manufacturer, targeting its ability to finance operations potentially involved in supplying weapons to support the war in Ukraine. The Treasury Department’s Office of Foreign Assets Control (OFAC) identified the drone maker and several virtual wallet […]

New York, Monday, November 04, 2024-The US government is pursuing the return of up to $13.25 million in political donations tied to former FTX executives Sam Bankman-Fried and Nishad Singh, according to a recent federal court filing. US Government memo can be seen here. The request comes as the government negotiates with several political action […]

CHICAGO, Monday, March 18, 2024 – In a court-authorized seizure, the U.S. Attorney’s Office in Chicago has recovered approximately $1.4 million worth of Tether (USDT), a cryptocurrency pegged to the U.S. dollar, from five Ethereum addresses. The funds are suspected to be proceeds from a tech support scam targeting individuals across the United States. The […]

New York, Friday, September 27, 2024-The US Department of Justice (DOJ) has seized the domains of three cryptocurrency exchanges linked to a Russian money laundering network, the DOJ said in a media statement. The platforms, UAPS, PM2BTC, and Cryptex, are accused of facilitating over $800 million in illicit transactions. Authorities acted on court orders to […]

New York, Saturday, November 02, 2024- The US Treasury Department recommended that private stablecoins be replaced by a Central Bank Digital Currency (CBDC), citing concerns over the stability of the stablecoin market in its latest report, on October 31.  The Treasury’s 132-page report highlighted the extensive purchase of US Treasury bonds by stablecoin issuers, with […]

New York, Thursday, October 24, 2024-The US Department of the Treasury used machine learning AI to detect and recover more than $4 billion in fraudulent or improper payments in 2024, a dramatic six-fold increase from $652.7 million in 2023. The Treasury’s Office of Payment Integrity (OPI), part of the Bureau of the Fiscal Service, credits […]

WASHINGTON, Thursday, May 30, 2024 – The US Department of Treasury warned on Wednesday, May 29 regarding the vulnerability of non-fungible tokens (NFTs) to fraud and illicit financing in its first-ever Non-Fungible Token (NFT) Illicit Finance Risk Assessment report. The report, titled “2024 Non-fungible Token (NFT) Illicit Finance Risk Assessment” examines how criminals might exploit […]

New York, Wednesday, August 6, 2024- The seven most valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday, deepening a market downturn that has pushed the Nasdaq into correction territory. The tech-heavy index dropped more than 3% following its steepest three-week slide in two years, […]

New York, NY, Friday, June 28, 2024-In a move signaling broader acceptance of cryptocurrencies, VanEck, a New York-based investment firm, filed a proposal with the Securities and Exchange Commission (SEC) to launch the first-ever U.S. exchange-traded fund (ETF) for Solana (SOL). The VanEck Solana Trust, if approved, would offer investors direct exposure to SOL, the […]

Tulsa, Oklahoma, Monday, February 19, 2024 – US Bank Vast Bank, which previously allowed customers to buy, sell, and hold cryptocurrency directly within checking accounts, announced its exit from the crypto business on January 31, 2024. Impacted customers of Vast Bank’s now-discontinued crypto app cannot transfer their cryptocurrency holdings to other platforms or wallets. They […]

SAN FRANCISCO, Monday, May 27, 2024 – Venture capital (VC) investment in cryptocurrency and blockchain companies is showing signs of resurgence. According to data released on May 24, 2024, global VCs invested a combined $2.4 billion into Bitcoin and crypto firms during the first quarter of 2024. This significant uptick suggests a potential revival in […]

CARACAS, Venezuela, Wednesday, August 13, 2024-  Venezuela has blocked access to Binance, the world’s largest cryptocurrency exchange by volume, amid a wave of civil unrest and soaring inflation following a contentious presidential election. The disruption has sparked concern among Venezuelan crypto users, who rely on such platforms as a hedge against the country’s volatile economic […]

CARACAS, Venezuela, Tuesday, April 30, 2024 – Venezuela is reportedly considering a significant acceleration of cryptocurrency usage in the wake of renewed US oil sanctions, according to a report from Reuters. This speculation comes after Venezuelan oil minister Pedro Tellechea recently hinting at digital currencies becoming a preferred payment method. The move could mark a […]

New York, Sunday, October 06, 2024-Visa has announced its upcoming global Visa Tokenized Asset Platform (VTAP), set to launch in 2025, which will enable banks to issue and manage fiat-backed stablecoins and other digital tokens. The platform, currently in the testing phase, will allow banks to mint, burn, and transfer stablecoins for internal operations. BBVA, […]

SINGAPORE, Thursday, August 29, 2024- Indian cryptocurrency exchange WazirX has requested a six-month moratorium from the Singapore High Court following a $234 million hack in July. The court filing seeks protection while the company restructures its liabilities and develops a recovery plan for users affected by the cyberattack. WazirX’s Singapore-incorporated parent, Zettai Pte, stated that […]

Avalanche is a heterogeneous network of blockchains that rivals Ethereum. It’s well known because of its scalable solutions, interoperability, and transaction speeds. It can process about 4,500 transactions per second, whereas Ethereum can only process about 30 transactions per second. To achieve this, it uses a novel approach utilizing three separate blockchains under its primary […]

Following the SEC’s conclusion that Ethereum is not a security, the prospect of a Spot Ethereum ETF approval by “the end of summer” has sent ripples of excitement through the cryptocurrency world. The regulatory stance marks a positive step forward, paving the way for Ethereum to enter the mainstream financial arena. ETFs have gained immense […]

Exploring Palm Network’s Move to Polygon and What It Means for the Cryptocurrency Industry The recent partnership between Palm Network and Polygon Supernet has ignited a wave of excitement within the cryptocurrency world. This collaboration has the potential to bring about a significant transformation in terms of scalability and responsiveness, with a particular focus on […]

New York, Wednesday, October 16, 2024-World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by former President Donald Trump, has raised $9.15 million on the first day of its public WLFI token sale, reports say. “About 610 million WLFI tokens had been sold as of 7:25 p.m. ET, with 19.4 billion tokens remaining. At […]

Zurich, Switzerland, Thursday, September 05, 2024- Zurich Cantonal Bank (Zürcher Kantonalbank or ZKB) yesterday announced that it had introduced trading and custody services for Bitcoin (BTC) and Ethereum (ETH) service for its retail clients and third-party banks. ZKB is ranked as the world’s second safest bank by Global Finance  and is the fourth-largest bank in […]

Seoul, South Korea, Friday, September 27, 2024- Worldcoin Foundation and Tools for Humanity have been fined $850,000 by South Korean authorities for illegally collecting and transferring biometric data. The Personal Information Protection Commission announced the fine on Thursday, following an investigation into the collection of iris scans from nearly 30,000 users without proper consent or […]

New York, Friday, 18, 2024-Sam Altman-backed Worldcoin has officially rebranded as World Network, or World, and launched its World Chain mainnet on October 17, 2024. The Layer 2 blockchain, secured by Ethereum, aims to expand the project’s mission of providing digital identity verification through World ID. World ID allows users to verify their humanity via […]

SAN FRANCISCO, CA Monday, February 26, 2024 – The value of Worldcoin, the cryptocurrency associated with Sam Altman’s controversial eye-scan digital ID project, has surged nearly 190% in the past week, fueled by the release of OpenAI’s new AI tool and a broader market rally. Worldcoin, currently trading at around $4.75, has seen its market […]

San Francisco, Wednesday, May 1, 2024 – Worldcoin, the eye-scanning crypto project founded by Sam Altman of OpenAI, initiated the newest blockchain network, World Chain, marking the latest milestone on April 17, 2024. The latest arrival of the ETH layer 2 blockchain, World Chain, to the platform will bind hands with the Worldcoin user base […]

San Francisco, Wednesday, March 27, 2024 – Atlantis Exchange, the crypto trading platform, has opened for XRP trading with USDB on its platform starting on March 17, Binance reported recently. The new venture would expand the trading options available on the Atlantis platform, widening the XRP audience. BNB Chain (BEP20), the supporting network for XRP […]

Singapore, Singapore, October 8, 2024 — Bitstamp has listed XSGD, a Singapore Dollar-pegged stablecoin created by StraitsX. This move is set to enhance cross-border payments and efficient alternative to traditional financial systems. XSGD, backed 1:1 by the Singapore Dollar and fully supported by reserve assets, aims to provide stability and confidence for global users. With […]

NEW YORK, Wednesday, July 31, 2024– The Decentralized ZKX Protocol has ceased operations. The perpetual trading platform built on Starknet, platform announced the shutdown on Tuesday, citing low user engagement and declining trading volumes. The announcement can be seen here. Founded in 2021, ZKX aimed to create a scalable decentralized exchange. Despite securing $7.6 million […]