Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Visa and Santander to Take Part in Brazil’s CBDC Pilot
Reading Time: < 1 minuteThe second phase of the pilot, known as Drex, has received 42 proposals from the BCB and Brazil’s Securities and Exchange Commission (CVM), according to a statement from the bank. Through this phase, the BCB will supervise 11 projects, while the CVM will monitor two.
More Than 600 Crypto ATMs Become Unavailable in 2 Months: Report
Reading Time: < 1 minuteIn the first two months of the third quarter in 2024, over 600 Bitcoin ATMs worldwide have gone offline.
Texas Fed Issues Cease and Desist Order Against a Crypto Bank
Reading Time: < 1 minuteAccording to the Federal Reserve, United Texas Bank, which has connections to the cryptocurrency industry, was found to have “significant deficiencies” related to its handling of crypto customers and risk management.
Robinhood Pays $3.9 Million to Settle California DOJ Investigation
Reading Time: < 1 minuteRobinhood Crypto’s past practices have resulted in a $3.9 million penalty as the company failed to allow customers to withdraw cryptocurrency between the years 2018 to 2022.
Swiss Bank ZKB Starts Offering Bitcoin and Ether Trading
Reading Time: < 1 minuteZurich Cantonal Bank, one of Switzerland’s largest banks, has started to offer cryptocurrency trading to its customers
Bitcoin ETFs’ Daily Net Outflows Reach $287M
Reading Time: < 1 minuteBitcoin ETFs listed in the US on Monday experienced a tough day as concerns about economic growth and a drop in Nvidia’s stock (NVDA) caused a decline in market sentiment.
Bitcoin’s Hashrate Hits an All-time High
Reading Time: < 1 minuteThe combined computing power used to secure the Bitcoin network, known as the hashrate, reached a record high of over 742 exahashes per second (EH/s) on September 1.
Hackers Steal $27M from Penpie Protocol
Reading Time: < 1 minuteOn Sept. 3, 2024, The Penpie Protocol, a decentralized finance platform built on top of Pendle, fell victim to an exploit and lost $27 million of client funds as of the time of writing.
Japanese Company Metaplanet Partners with SBI VC Trade to Offer Custody Services
Reading Time: < 1 minuteMetaplanet, a Japanese investment advisor, has announced that they have chosen SBI VC Trade to handle their custody services.
South Korean Firms SK and Hana Join Forces with BitGo
Reading Time: < 1 minuteDigital asset custody company BitGo has announced the addition of South Korea’s top telecommunications company SK Telecom and leading financial institution Hana Financial as major shareholders and strategic partners of its regional branch.
WazirX Hacker Moves $6M in ETH to Crypto Mixer Tornado Cash
Reading Time: < 1 minuteThe hacker who stole more than $235 million from the Indian crypto exchange WazirX has just moved $6.5 million worth of funds through the crypto mixer Tornado Cash.
Cardano Activates its Chang Hard Fork
Reading Time: < 1 minuteThe highly anticipated “Chang” upgrade for Cardano, a layer-1 blockchain created in 2017 by Charles Hoskinson, co-founder of Ethereum, was activated on Sunday.
Number of Bitcoin Whales Hits Highest Level in 17 Months
Reading Time: < 1 minuteThe number of Bitcoin wallets with a balance of 100 BTC or more has reached its highest point in 17 months, following a spike in holding over the past month.
OKX Receives a License in Singapore
Reading Time: < 1 minuteOKX has announced that its Singapore branch, OKX SG, has successfully obtained a Major Payment Institution license from the Monetary Authority of Singapore.
Nayib Bukele: Bitcoin Adoption in El Salvador Was Not As We Expected
Reading Time: < 1 minuteNayib Bukele, the president of El Salvador who introduced the bill to make Bitcoin a legal tender in the nation, has stated that the results of this monetary experiment have been a mix of positive and negative.
Crypto.com Teams Up with Standard Chartered to Launch a Retail Services Business
Reading Time: < 1 minuteCrypto.com has announced the launch of a new retail services business in partnership with Standard Chartered to increase accessibility to US dollars, euros, and United Arab Emirates dirham.
BlackRock’s Bitcoin ETF Registers Second Outflows Since January
Reading Time: < 1 minuteBlackRock’s Bitcoin ETF yesterday experienced its second day of outflows since it launched in January.
OpenSea Receives a Wells Notice
Reading Time: < 1 minuteThe US Securities and Exchange Commission has extended its scrutiny of the crypto industry by adding OpenSea, a well-known crypto marketplace, to its list of targets.
Spot Ethereum ETFs Post Inflows Again
Reading Time: < 1 minuteNine Ethereum exchange-traded funds in the US saw a combined inflow of $5.84 million on Wednesday, ending a streak of nine consecutive days of outflows.
HashKey Exchange Lists AVAX and LINK for Retail Investors
Reading Time: < 1 minuteHong Kong-based HashKey Exchange has recently added AVAX and LINK trading pairs for retail investors. As of 6 a.m. ET on Wednesday, the exchange made trading available for the AVAX/USD […]
TON Blockchain Suffers an Outage
Reading Time: < 1 minuteThe Open Network (TON) has been experiencing a disruption in operations, with no transactions being processed for a period of six hours.
Australian Federal Police: Australian Users Lose $122M Due to Crypto Scams
Reading Time: < 1 minuteReports of cryptocurrency-related scams in Australia have increased from 19 in 2017 to over 1,800 in 2019 and 2020 combined.
Nasdaq Plans to Launch Bitcoin Index Options
Reading Time: < 1 minuteNasdaq and joined by CF Benchmarks have submitted a filing to the SEC to list and trade Nasdaq Bitcoin Index Options (XBTX).
Stablecoin’s Market Cap Reaches New Record Level
Reading Time: < 1 minuteThe total market capitalization of stablecoins, not including algorithmic ones, reached an all-time high this past weekend.
Inflows into Bitcoin Reach $543M: Report
Reading Time: < 1 minuteBitcoin saw a total of $543 million in inflows, driven by Fed Chair Jerome Powell’s favorable comments.
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