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 […]

SAN FRANCISCO, Thursday, July 25, 2024-Alphabet, Google’s parent company, reported better-than-expected quarterly earnings Tuesday, boosted by strong growth in digital advertising and cloud computing. Alphabets Q2 reports can be accessed here. According to the report revenue climbed 14% to $84.74 billion in the April-June period, topping Wall Street forecasts. Net income jumped 28.6% to $23.6 […]

New York, Tuesday July 30, 2024— Wall Street is poised for a significant week as Amazon, Apple, Meta Platforms, and Microsoft, collectively valued at nearly $9 trillion, prepare to report their quarterly earnings. These tech giants, whose stock movements heavily influence market trends, are expected to play a crucial role in shaping investor sentiment. Investors […]

Davos, Switzerland, Monday, January 22, 2024- Top bankers gathered behind closed doors at the World Economic Forum in Davos this week, voicing concerns about how nimble fintech companies are disrupting the industry. Executives from major institutions like JPMorgan Chase and Barclays, according to sources. The gathering, attended by approximately 60 global financial CEOs, was led […]

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 […]

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 […]

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 […]

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 […]

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, […]

Brussels, August 31, 2023: Global interbank messaging service provider Swift announced that its experimental operation using blockchain technology based on the Cross-Chain Interoperability Protocol CCIP of Chainlink was a success. The Swift CCIP Chainlink experiment started in June 2023. It was announced in a press release on June 13, 2023, and the results were announced […]

BEIJING, Monday, June 24, 2024- China is urging the European Union to scrap its planned tariffs on Chinese-made electric vehicles (EVs) before July 4, according to state media reports. The tariffs, set at up to 38.1%, were imposed by the EU while it investigates claims of unfair subsidies to Chinese EV manufacturers. Beijing is wary […]

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 […]

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 […]

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, July 31, 2024— CrowdStrike Holdings Inc. partners estimate a 20% reduction in new bookings for the second half of the year following a significant tech outage, according to a report by Morgan Stanley. The cybersecurity firm’s partners reported disruptions in their operations due to the outage, which occurred earlier this month and […]

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 […]

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, […]

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 […]

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, […]

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 […]

NEW YORK, Wednesday, July 31, 2024- Delta Air Lines is considering legal action against CrowdStrike and Microsoft following a massive technology outage earlier this month that grounded thousands of flights and caused widespread disruption across multiple industries, reports said. The airline has hired prominent attorney David Boies to explore potential damages claims after suffering hundreds […]

Shanghai, Tuesday, December 19 –  The Bank of China’s Shanghai branch had successfully executed a 100 million yuan ($14 million) e-CNY CBDC settlement received from overseas for gold through the Shanghai Financial Exchange International Board. A spokesperson for the Bank of China stated that the account will contribute financial strength to support Shanghai’s in-depth implementation […]

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. […]

Frankfurt, Germany, Tuesday, January 09, 2024- The European Central Bank (ECB) has issued five separate calls for applications to establish framework agreements with potential providers of components and related services for a digital euro, if and when it is launched. This move marks a significant step in exploring the development of a central bank digital […]

Little Rock, Ark. Monday, January 222, 2024 – US-based Panacea Financial, a fintech company specializing in financial services for doctors and medical practices, secured $24.5 million in Series B funding to fuel its strategic growth within the doctor community. This investment from global venture capital fund Valar Ventures will significantly expand Panacea’s reach and offerings. […]

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, 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 […]

San Francisco, Monday, September 9, 2024- Google’s ad tech business is under intense scrutiny as a major trial gets underway today. The U.S. Department of Justice (DoJ) is challenging Alphabet, Google’s parent company, on allegations that it operates an illegal monopoly in the digital advertising market. The case, set to be heard by U.S. District […]

Luxumberg, Monday, September 16, 2024- Alphabet Inc.’s Google is under investigation by Europe’s Data Protection Commission (DPC) for potential breaches of the General Data Protection Regulation (GDPR) related to its artificial intelligence model, PaLM2. Launched in May 2023, PaLM2 is being scrutinized for its handling of personal data from EU and European Economic Area citizens. […]

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 […]

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 […]

Wednesday, June 19, 2024 – HSBC Bank in China recently announced that it would offer e-CNY services to corporate clients, according to report. The corporate clients are allowed to connect their bank accounts with digital yuan accounts for asset management, a statement said. Nord Anglia Education Group, a Chinese school management company in London, has […]

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 […]

PoH is a newly developed consensus mechanism engineered by Anatoly Yakovenko, the founder of Solana Labs. Solana’s PoH is all about making sure that in a blockchain, the order of events matters as much as the events themselves. To do this, it uses a tool called Verifiable Delay Function (VDF) to record when each event […]

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 […]

NEW YORK, Thursday, June 20, 2024 – A proposed $30 billion settlement between Visa, Mastercard, and merchants to limit credit and debit card swipe fees is in jeopardy of being thrown out by a federal  judge. US District Judge Margo Brodie in Brooklyn signaled her intention to reject the agreement during a hearing on Thursday, […]

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 […]

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, 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 […]

New York, Friday, September 13, 2024— Mastercard has agreed to acquire threat intelligence firm Recorded Future from Insight Partners for $2.65 billion. The acquisition will significantly bolster Mastercard’s cybersecurity capabilities, aligning with the company’s push toward expanding value-added services (VAS). This deal brings enhanced threat intelligence to Mastercard, which processed $9 trillion in gross dollar […]

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 […]

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 […]

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 […]

Islamabad, Pakistan, Tuesday, January 9, 2024– Pakistan recently adopted a blockchain-based Know Your Customer (KYC) platform for its financial institutions, a move aimed at enhancing efficiency and security, news reports said. Developed by Avanza Group in collaboration with the Pakistan Banks’ Association (PBA), the platform, known as “Consonance,” offers advantages over traditional KYC methods. Consonance […]

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. The funds were transferred through an enterprise-level digital currency hub, with Ernst […]

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 […]

Understanding Privacy Blockchains and Their Role in Data Security Data security is a top issue for both individuals and corporations in the modern digital era. Privacy Blockchains, or privacy-focused blockchains, are one new technology that could be considered a possible solution to this problem. Blockchains for privacy are decentralized networks that protect the integrity and […]

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 […]

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 […]

Singapore, Wednesday October 4 — Ripple and Coinbase, two of the world’s leading cryptocurrency companies, have received licenses to operate in Singapore. The Monetary Authority of Singapore (MAS) announced on October 3, 2023 that Ripple and Coinbase had been granted Major Payment Institution (MPI) licenses. This license allows companies to provide a wide range of […]

NEW YORK, October 12, 2023 — Caroline Ellison, the former CEO of Alameda Research, testified on Thursday, October 12, against Sam Bankman-Fried in the FTX lawsuit in a federal court. Ellison is a cooperating witness in the government’s case against Bankman-Fried, who is charged with fraud and money laundering in connection with the collapse of […]

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 […]

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, 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 […]

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, 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 […]

GENEVA/LONDON, Monday, June 24, 2024-Central banks in Europe took divergent paths last week with the Swiss National Bank (SNB) lowering its key interest rate for the second time this year, while the Bank of England opted to hold rates steady. The SNB cut its policy rate by 25 basis points to 1.25%, citing a further […]

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 […]

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, 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, […]

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 […]

Curve Finance is an exciting, decentralized finance (DeFi) protocol that empowers you to effortlessly exchange stablecoins within the Ethereum ecosystem. Now, you might be wondering, what exactly is DeFi? It stands for decentralized finance, and it’s all about financial freedom! DeFi is a groundbreaking concept built on secure distributed ledgers similar to those used by […]

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, 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 […]

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 […]

California, September 12: Global Payments giant Visa announced in early September that it would expand its stablecoin capabilities to the Solana network. Visa made the announcement on September 5, 2023, regarding its expansion of stablecoin settlement functionalities by incorporating Circle’s USDC on the Solana blockchain. Solona’s price jumped in the first week of September following […]

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 […]