Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Binance Launches a Platform for VIP Clients
Reading Time: < 1 minuteBinance has launched its Capital Connect service, providing a platform for its VIP clients to communicate with investment fund managers.
Go First Airline Granted Bankruptcy Protection
Reading Time: < 1 minuteThe National Company Law Tribunal in New Delhi granted today Go Airlines (India) Ltd bankruptcy protection, providing a lifeline to the country’s fourth-largest carrier.
Mining Firm Hut 8 Mined 132 BTC Last Month
Reading Time: < 1 minuteHut 8 Mining, a Canadian mining company, has reported that it had mined 132 BTC in April, bringing its total reserve of BTC to 9,265.
Amount of BTC Transactions Through Cash App in Q1 2023 Reached $2.2B
Reading Time: < 1 minuteBlock has reported that the volume of cryptocurrency transactions through its Cash App was estimated to be around $2.2 billion for the first quarter of 2023.
A Trader Pays a $120K Fee to Buy a Meme Token
Reading Time: < 1 minute
A trader has recently converted 84 wrapped ETH (WETH) into 3.8 billion FOUR, the new meme token launched on the Ethereum network on May 8, using the Uniswap decentralized exchange.
Regional Bank Stocks Fall Led by PacWest and Western Alliance
Reading Time: < 1 minutePacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Hong Kong Legalizes Investments in Blockchain Projects and Cryptos
Reading Time: < 1 minuteHong Kong is determined to become a hub for the blockchain industry, competing with major cities like Singapore and London.
Ripple’s Legal Battle Against SEC Could Have Cost Company $200 Million
Reading Time: < 1 minuteThe company spent $200 million on legal costs in the ongoing lawsuit against the US Securities and Exchange Commission (SEC).
South Korean Deputy Suspected of Illegal Crypto Transactions
Reading Time: < 1 minuteSouth Korean prosecutors have reported a series of suspicious digital asset transactions allegedly carried out by opposition MP Kim Nam-kook.
Bain Capital Plans to Attract $4B for New Fund
Reading Time: < 1 minuteBain Capital is attempting to raise $4 billion for a global “special situations fund” as it seeks out investments in a wide range of asset classes, according to two people with knowledge of the matter.
Tim Draper Criticizes US Policy Towards Blockchain Industry
Reading Time: < 1 minuteVenture investor Tim Draper has recently expressed his concern about the US government’s strict policies towards digital currency businesses.
US State of Montana Introduces Bill to Protect Bitcoin Miners from Discriminatory Rates
Reading Time: < 1 minuteMontana Governor Greg Gianforte has signed Senate Bill 178, prohibiting government interference in the activities of mining companies.
US DoJ Suspects Binance of Violating Sanctions Against Russia
Reading Time: < 1 minuteThe US Department of Justice and Department of Homeland Security are jointly conducting an investigation into Binance Holdings Ltd. over possible violations of US sanctions against Russia.
Trust Wallet Adds Support for Sui Network
Reading Time: < 1 minuteCryptocurrency wallet Trust Wallet has just integrated layer 1 blockchain Sui Network.
Solana Announces Competition for NFT Artists
Reading Time: < 1 minuteThe Solana Foundation has launched a competition for emerging digital artists, the NFT Showdown, in an effort to upgrade the quality of new NFT projects.
The SEC Abandons its Definition of Cryptocurrencies
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has removed its first formal definition of “digital assets” from its hedge fund rulebook.
Deloitte Releases a Polkadot KILT Protocol Parachain for KYC
Reading Time: < 1 minuteDeloitte, one of the largest audit and consulting firms in the world, is utilizing Polkadot’s KILT Protocol parachain technology to improve its KYC/KYB processes.
Fed Raises its Rates
Reading Time: < 1 minuteThe Federal Reserve shifted to a new stage of post-pandemic economic recovery management yesterday, taking what may be the last step in its historic series of interest rate hikes.
IMF Head Recalls Risks of Introducing CBDCs
Reading Time: < 1 minuteThe Director of the International Monetary Fund has expressed worry over the readiness of many countries to transition to national digital currencies (CBDCs).
bitFlyer USA Ordered to Pay a $1.2M Fine for Violating New York State Cybersecurity Regulations
Reading Time: < 1 minuteThe NYDFS has imposed a fine of $1.2 million on cryptocurrency exchange bitFlyer USA for not complying with New York state cybersecurity regulations.
Crypto Venture Firm Credably Neutral Attracts $5.5M
Reading Time: < 1 minuteViktor Bunin and Lisa Cuesta Bunin, the creators of Credably Neutral, a new Web3-focused investment company, have recently received $5.5 million in funding.
Florida Governor Wants to Ban CBDCs
Reading Time: < 1 minuteFlorida Gov. Ron DeSantis has taken a firm stance against the idea of a central bank digital currency (CBDC), vowing to ban it in his jurisdiction.
Coinjar to Expand to US
Reading Time: < 1 minuteCoinjar, an Australian crypto exchange, is looking to expand into the United States despite the current market’s regulatory risks.
Blur and Paradigm Roll Out an NFT Lending Protocol
Reading Time: < 1 minuteThe Blur platform has recently introduced the Blend landing protocol for non-fungible tokens (NFTs).
US Authorities May Close Another Bank Serving Crypto Companies
Reading Time: < 1 minuteCross River Bank is listed as one of the lending institutions that serve crypto companies, such as Coinbase and Circle, the issuer of USDC.
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