Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Runes Becomes Leader in Terms of Bitcoin Transactions
Reading Time: < 1 minuteAs of April 24, 51.5% of daily transactions on the Bitcoin blockchain were made using tokens on the Runes protocol, while traditional BTC operations accounted for 46.9%.
SEC Files Lawsuit Against Crypto Mining Firm Geosyn
Reading Time: < 1 minuteThe US Securities and Exchange Commission has filed a lawsuit against Geosyn Mining and its co-founders, accusing them of defrauding investors out of $5.6 million.
Google and Apple Ordered to Remove Binance App in Philippines
Reading Time: < 1 minutePhilippines has recently requested Google and Apple, both American companies, to remove the Binance service from their app stores.
Samourai Wallet Founders Accused of Laundering $100M
Reading Time: < 1 minuteThe creators of the anonymous Bitcoin wallet Samourai Wallet have been charged by US federal prosecutors for aiding in the laundering of $100 million in criminal proceeds.
Hong Kong to Start Offering Bitcoin and Ether ETFs Trading on April 30
Reading Time: < 1 minuteOn April 24, the Securities and Futures Commission (SFC) in Hong Kong officially approved the first batch of spot Bitcoin and Ether exchange-traded funds (ETFs).
Binance Faces a Lawsuit in Canada
Reading Time: < 1 minuteA group of investors has filed a class action lawsuit against Binance in Canada, claiming that the cryptocurrency exchange violated local securities laws.
SEC Seeks Public Comments on BlackRock’s Amended Spot Ethereum ETF Proposal
Reading Time: < 1 minuteThe US Securities and Exchange Commission is seeking public feedback on changes made to BlackRock’s proposed Ethereum exchange-traded fund.
Worldcoin Plans to Increase WLD Supply
Reading Time: < 1 minuteThe digital identity project Worldcoin plans to significantly increase the number of its WLD tokens in circulation over the next six months, with a potential increase of up to 19%.
Thailand to Block Unauthorized Crypto Platforms
Reading Time: < 1 minuteThe SEC of Thailand will be forwarding information regarding unlicensed cryptocurrency platforms to the relevant authorities for their eventual blocking.
PayPal Makes Proposal to Incentivize Green Crypto Mining
Reading Time: < 1 minutePayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.
Coinbase Says Cryptos Will Remain Dependent on Global Economy
Reading Time: < 1 minuteAccording to analysts at Coinbase, the halving event may be strongly influenced by the global economic situation, with a potential to impact the price of Bitcoin and other digital currencies.
Binance Trial in Nigeria is Postponed
Reading Time: < 1 minuteAn alleged tax evasion case involving cryptocurrency exchange Binance and two of its top managers in Nigeria has been postponed by the court until May 17.
Fees Spent on BTC’s Halving Block Reach $2.4M
Reading Time: < 1 minuteBitcoin users have paid a staggering amount of fees – 37.7 Bitcoin, equivalent to over $2.4 million at current rates – to secure their portion of the limited space on the fourth Bitcoin halving block.
Coinify CEO Says Bitcoin Mining Will Become Unprofitable After Tomorrow’s Halving
Reading Time: < 1 minuteCEO of Coinify, Ricky Stier, has cautioned miners that they may face unprofitable mining operations after the halving and urges them to review their strategies to stay productive.
Sweden Tax Authority Requests $90M from Crypto Miners
Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).
Bitcoin Hodlers Moved $1.7B to Accumulation Wallets When the Crypto Fell
Reading Time: < 1 minuteDespite the recent dip in the price of Bitcoin, hardcore holders of the digital currency remained undaunted as they added a staggering $1.7 billion worth of BTC to their accumulation addresses.
Kraken Introduces a Self-custodial Crypto Wallet
Reading Time: < 1 minuteCrypto exchange Kraken has recently launched their own self-custodial mobile wallet known as Kraken Wallet.
Crypto Companies Are Expanding Their Workforces
Reading Time: < 1 minuteMajor cryptocurrency exchanges have put a hold on planned layoffs that were initially slated to begin in 2023.
Binance’s SAFU Accounts for 3% of UDSC’s Supply
Reading Time: < 1 minuteBinance has recently announced that it is converting its Secure Asset Fund for Users (SAFU) into Circle’s stablecoin USD Coin.
Trading Volume on Crypto Exchanges Exceeded $6 Trillion in Q1
Reading Time: < 1 minuteA report from Tokeninsights has revealed that the total value of transactions on the top ten cryptocurrency exchanges in the first quarter of 2024 surpassed $6 trillion.
Andreessen Horowitz Raises $7.2B
Reading Time: < 1 minuteBloomberg reports that Andreessen Horowitz (a16z), a venture capital firm favorable towards cryptocurrencies, has raised $7.2 billion in funding.
UK Intends to Implement a New Crypto Legislation This Summer
Reading Time: < 1 minuteEconomic Secretary Bim Afolami announced that the UK government plans to introduce legislation by June or July for stablecoins, crypto staking, exchange, and custody.
Vitalik Buterin Transfers 180 ETH Through Railgun Protocol
Reading Time: < 1 minuteVitalik Buterin, one of the co-founders of ethereum, recently made multiple transactions worth approximately 100 ETH (~$575,000) using a privacy protocol called Railgun.
OKX Rolls Out Mainnet of Ethereum-based Layer 2
Reading Time: < 1 minuteOn Monday evening, the centralized crypto exchange OKX launched the public mainnet of X Layer.
Miners Could Sell Off a Large Number of Bitcoins After Halving
Reading Time: < 1 minuteAccording to a market analyst, in the months following the halving, there could be a large decrease in the number of Bitcoins held by miners.
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