Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
US Judge Greenlights a Lawsuit Against Ripple Labs in California
Reading Time: < 1 minuteA judge in a United States federal court has approved a lawsuit against Ripple Labs alleging their CEO violated California securities laws.
India Imposes $2 Million Fine in Binance
Reading Time: < 1 minuteBinance has been fined around $2.2 million (equivalent to 18.82 crore INR) by India’s anti-money laundering unit for not following the country’s laws on preventing money laundering.
Consensys to Continue its Lawsuit Against SEC
Reading Time: < 1 minuteConsensys Founder Joseph Lubin has stated that the company will continue with its lawsuit against the US Securities and Exchange Commission.
The Central Bank of Iran Will Launch a Public CBDC Pilot This Month
Reading Time: < 1 minuteThe Central Bank of Iran (CBI) is initiating a public pilot for a national digital currency, focused on domestic micropayments.
Bitwise Updates ETF Application with $100 Million Investment in the ETF
Reading Time: < 1 minuteAsset management firm Bitwise has revised its registration statement for the spot Ether exchange-traded fund (ETF), which will potentially include a $100 million investment upon its launch.
Transak Launches a Fiat-to-crypto Onramp for PayPal USD
Reading Time: < 1 minuteTransak has introduced a way for users to convert PayPal USD into crypto through fiat-to-crypto onramp, with the goal of making digital asset payments more mainstream.
SEC Drops its Investigation into Ethereum
Reading Time: < 1 minuteConsensys has announced that the US Securities and Exchange Commission has concluded their investigation into Ethereum 2.0, which is seen as a significant victory for the blockchain industry.
Crypto Trading Company Cumberland Wins a BitLicense in New York
Reading Time: < 1 minuteOn Monday, Cumberland DRW announced that its New York-based entity had been granted a BitLicense by the New York State Department of Financial Services (NYDFS).
T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin
Reading Time: < 1 minuteTelecommunications giant Deutsche Telekom, owner of T-Mobile, may soon enter the world of Bitcoin mining.
Tether Rolls Out a Gold-backed Stablecoin
Reading Time: < 1 minuteTether has announced the introduction of a new stablecoin called Alloy, which will be backed by gold and pegged to the US dollar.
MicroStrategy Increases Convertible Note Offering to $700M
Reading Time: < 1 minuteTech company MicroStrategy has increased its convertible note offering by 40% to $700 million and has set a 2.25% annual yield.
Crypto Startups Raise More Than $100B Since May
Reading Time: < 1 minuteSince the end of May 2014, over $100 billion has been raised for startups in the cryptocurrency industry.
Paradigm Plans to Launch Another Crypto Fund
Reading Time: < 1 minuteParadigm, a venture capital firm, recently announced the closure of a third fund for investing in early-stage crypto and blockchain projects.
Swiss Financial Market Supervisory Authority Forces a Crypto Bank’s Bankruptcy
Reading Time: < 1 minuteFollowing an investigation by the Swiss financial regulator, FlowBank, an online Swiss bank, has been forced to declare bankruptcy due to its failure to meet required banking standards.
Paxos Plans to Cut 20% of its Staff
Reading Time: < 1 minuteStablecoin issuer Paxos has recently made the decision to lay off approximately 20% of its workforce, despite being in a strong financial position.
Biden to Accept Crypto Donations in His Campaign
Reading Time: < 1 minuteThe Biden campaign is in talks with players in the cryptocurrency industry regarding the acceptance of crypto donations through Coinbase Commerce.
MoonPay Integrates Crypto Purchases Through PayPal for British and EU Customers
Reading Time: < 1 minuteMoonPay has recently announced the addition of a new fiat on-ramp option for its customers in the European Union and the United Kingdom.
Crypto.com Obtains a Crypto License in Ireland
Reading Time: < 1 minuteIreland has granted approval to Crypto.com to register as a virtual asset service provider, permitting the cryptocurrency exchange to conduct operations in the country.
Trump Wants Bitcoin to Be Mined in the US
Reading Time: < 1 minuteFormer US President Donald Trump showed his support for bitcoin mining during a meeting with several bitcoin miners at his Mar-a-Lago resort on Tuesday night.
Worldcoin Hires Coinbase’s Former Head of Communications
Reading Time: < 1 minuteElliott Suthers, former head of corporate communications at US cryptocurrency exchange Coinbase, has been appointed as the head of communications for Europe, Middle East and Africa at Worldcoin.
Former Coinbase Executive Joins Uniswap Labs as Chief Legal Officer
Reading Time: < 1 minuteUniswap Labs has hired Katherine Minarik, a former legal executive at Coinbase, to serve as its new chief legal officer in anticipation of potential legal battles with government agencies.
Crypto Exchange Lykke Says It Was Hacked
Reading Time: < 1 minuteOn June 4, Lykke cryptocurrency exchange was impacted by an exploit, resulting in the halt of all withdrawals.
Binance’s Users Reach 200M
Reading Time: < 1 minuteBinance announced on June 8 that it had achieved 200 million users globally. No other exchange comes close to this number of users, although the reported figures are self-proclaimed.
Bitcoin’s Volatility is Approaching Record Levels
Reading Time: < 1 minuteBitcoin’s value remained mostly stagnant in the two weeks leading up to its sharp decline on June 7, reaching record lows in terms of volatility compared to any other 15-day […]
Orbit Chain Hacker Transfers $48M Through Tornado Cash
Reading Time: < 1 minuteIn the last moments of 2023, Orbit Chain, a cross-chain bridge connected to the Klaytn ecosystem, was hacked and lost $81.5 million through multiple transactions.
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