Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Switzerland Raises BTC Tax Threshold to $1.67 Million
Reading Time: < 1 minuteThe local government of the Swiss canton of Zug has increased the minimum taxation that can be paid with Bitcoin and Ethereum from 100,000 CHF to 1,500,000 CHF.
BitDAO to Merge with Mantle and Rebrand Itself
Reading Time: < 1 minuteBitDAO has announced a merger with the L2 project Mantle Network.
Ripple CEO: Companies Will Leave US Due to Strict Crypto Regulation
Reading Time: < 1 minuteBrad Garlinghouse, the CEO of Ripple, has repeated his stance that American regulatory policies might drive crypto firms to relocate to other jurisdictions.
Binance Australia Halts Australian Dollar Deposits
Reading Time: < 1 minuteThe Australian division of Binance has suspended deposits in local dollars due to an issue with its payment provider, the PayID AUD instant bank transfer service.
Binance Enables Trading Through TradingView
Reading Time: < 1 minuteBinance has announced that traders can now use its TradingView charting and analytics platform for direct spot trading.
Tether to Allocate Up to 15% of Profits to Acquire BTC
Reading Time: < 1 minuteTether, the USDT stablecoin issuer, has revealed that from May 2023 onwards, it will be allocating up to 15% of its net realized operating income to buying Bitcoin.
Eco-miner Soluna Attracts $14M in Latest Funding Round
Reading Time: < 1 minuteSoluna Holdings, a green data center provider for mining, has raised $14 million in investment from Navitas Global, according to a press release.
Mining Firm Bitfarms Mined 1,297 BTC in Q1 2023
Reading Time: < 1 minuteBitfarms mined 1,297 BTC with a direct cost of $12,500 per Bitcoin and an average selling price of $22,500 in the first quarter of 2023.
Cryptocurrency Exchange OKX to Add Support for BTC’s Ordinals
Reading Time: < 1 minuteOver the next two weeks, OKX will be introducing new features that will enable customers to buy, sell, and trade Ordinals and BRC-20 tokens through a crypto exchange wallet.
Minneapolis Fed President Is Unsure About Benefits of National CBDC
Reading Time: < 1 minuteKashkari is doubtful about the project to create a national currency figure (CBDC), claiming that it is unlikely to contribute to the modernization of the state’s financial system.
Bitcoin Startup River Financial Attracts $35M in Funding Round
Reading Time: < 1 minuteRiver Financial, a Bitcoin-focused startup based in Columbus, Ohio, has raised $35M in a Series B funding round led by Kingsway Capital.
Crypto Miner Riot Platforms Demands $26M from Mining Firm Rhodium
Reading Time: < 1 minuteRiot Platforms has filed a lawsuit against Rhodium Enterprises for over $26 million.
North Korean Hackers Steal $720M in Digital Assets from Japanese Investors
Reading Time: < 1 minuteJapanese investors were among those who were most affected by the North Korean hackers, having lost over $720 million of virtual currencies since 2017.
Polygon Co-Founder Introduces a Scholarship Program for Web3 Developers
Reading Time: < 1 minuteSandeep Nailwal, co-founder of Polygon, and Symbolic Capital, a venture capital fund, have announced the launch of the Nailwal Fellowship program.
Binance’s Spot Market Dominance Index Drops to 51%
Reading Time: < 1 minuteBinance’s share in terms of crypto transaction volume has declined over the past few months significantly.
Changpeng Zhao Plans to Reduce its Control Over Binance.US
Reading Time: < 1 minuteBinance.US and founder Changpeng Zhao are seeking to reduce Zhao’s stake in the platform due to tight scrutiny from US regulators.
US Crypto Companies Are Moving to Bermuda Due to US Regulatory Environment
Reading Time: < 1 minuteThe increasingly stringent regulatory environment in the United States has prompted crypto companies to seek out jurisdictions with friendlier digital asset frameworks.
Brian Armstrong Received A $6.3M Compensation in 2022
Reading Time: < 1 minuteBrian Armstrong, the CEO of crypto exchange Coinbase, received $6.3 million in compensation for legal fees and personal safety in 2022.
South Korea’s Authorities Block Do Kwon’s Digital Assets
Reading Time: < 1 minuteKwon owns digital currencies, real estate, and luxury cars, resulting in the prosecutor of Seoul requesting the freezing of assets totaling 233.3 billion won ($176 million).
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minuteThe FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
Report: Institutions Will Start Buying Bitcoins at The End of 2023
Reading Time: < 1 minuteInstitutional investors are prepared to acquire Bitcoin and that its entry into the market will begin to be seen in the third and fourth quarters of 2023.
USDC Issuer Increases Share of Treasury Bills Due to Risks of US Default
Reading Time: < 1 minuteCircle has revised its stablecoin collateral structure to include short T-Bills, in an effort to protect against the potential of a US technical default.
Animoca Brands Consolidated Assets Hit $3.4B
Reading Time: < 1 minuteAnimoca Brands released on April 30 an unaudited interim financial statement, estimating its consolidated assets at $3.4 billion.
Marathon Digital CEO Says Dubious Operators Left Market Following Crypto Winter
Reading Time: < 1 minuteFred Thiel, the head of mining company Marathon Digital, has noted the crypto market downturn last year as a positive step that helped rid the industry of “dubious operators.”
Hong Kong Will Allow Crypto Exchanges to Serve Local Investors
Reading Time: < 1 minuteStarting June 1st, Hong Kong will begin to operate a mechanism for licensing cryptocurrency exchanges, allowing investors to buy and sell virtual currencies.
Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Zcash 
Figure Heloc