Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Sri Lanka to Study Consequences of CBDC Launch
Reading Time: < 1 minuteThe Central Bank of Sri Lanka is taking a cautious approach, focusing on studying the potential consequences and minimizing risks before launching a CBDC.
dYdX Chain Adds Support for Liquid Staking
Reading Time: < 1 minuteThe team working on the development of the Cosmos-based dYdX Chain L1 network has recently introduced a new feature that enables liquid staking of the platform’s native DYDX token.
EU Implements Limits on Non-EU Crypto Firms
Reading Time: < 1 minuteThe European Securities and Markets Authority (ESMA) has proposed that cryptocurrency companies operating outside of the EU should only be allowed to provide services to customers within the bloc in limited circumstances to avoid unfair competition.
Mining Hardware Firm Canaan Raises $50M
Reading Time: < 1 minuteCanaan, a mining hardware company, successfully raised $50 million through the sale of convertible preferred shares.
Stellar to Delay its Protocol Update Due to a Bug
Reading Time: < 1 minuteThe Stellar Development Foundation (SDF) has announced plans to delay the scheduled network update vote.
Court Sentences OneCoin Lawyer to 10 Years in Prison
Reading Time: < 1 minuteA federal judge has sentenced an attorney involved in the OneCoin cryptocurrency scam to 10 years in prison after a hearing on January 25.
Traders Are Massively Sending Ether to Crypto Exchanges Anticipating a Sale
Reading Time: < 1 minuteThe balance of ETH on exchanges has begun to increase.
US Treasury’s Plans Will Impact Bitcoin, Experts Say
Reading Time: < 1 minuteAccording to QCP Capital analysts, the Federal Reserve meeting on January 31 and the release of the US Treasury’s borrowing plans could impact the liquidity volume and consequently, the movement of the first cryptocurrency.
Binance Will Stop Ruble Transactions by End of the Month
Reading Time: < 1 minuteIn December, Binance announced that it will stop processing Russian ruble transactions by the end of January, in compliance with Western sanctions policies.
North Korean Hacker Attacks to Crypto Platforms Fell in 2023
Reading Time: < 1 minuteAccording to Chainalysis, in 2023, hackers from North Korea stole approximately $1 billion worth of cryptocurrencies through 20 hacks.
SEC Postpones its Decision on BlackRock’s Spot Ethereum ETF
Reading Time: < 1 minuteThe SEC’s delayed decision on BlackRock’s Ether ETF application comes at the same time as the approval of 11 Bitcoin exchange-traded funds (ETFs).
Polymer Labs Attracts $23M
Reading Time: < 1 minutePolymer Labs, a startup specializing in L2 solutions and interoperability, successfully raised $23 million in funding through a Series A round.
Crypto ETFs Purchase More Than 95,297 Bitcoins: Report
Reading Time: < 1 minuteAccording to a recent report by Coinshares, as of January 11, 2024, spot cryptocurrency exchange-traded funds (ETFs) have acquired more than 95,297 Bitcoin.
Mt.Gox Confirms Customer Addresses for Compensation
Reading Time: < 1 minuteSome Reddit users have reported receiving emails from Mt.Gox, the now-defunct cryptocurrency exchange, confirming crypto wallet addresses for receiving compensation.
Coinbase Says US Manipulates Facts About Cryptocurrencies
Reading Time: < 1 minutePaul Grewal, the top lawyer at crypto exchange coinbase, expressed his disapproval to the US Government Accountability Office (GAO) report on the use of cryptocurrencies to evade sanctions.
Developers Are Increasingly Using Ethereum Blockchain to Run Apps: Report
Reading Time: < 1 minuteAccording to Electric Capital’s research, approximately 70% of applications on the Ethereum network are launched by developers.
Losses in BNB Chain Network from Hacks Falls 85%
Reading Time: < 1 minuteAccording to AvengerDAO’s report, the financial losses in BNB Chain’s blockchain due to security breaches decreased by 85%, from $1.11 billion in 2022 to $161 million in the previous year.
Bitcoin Trading on Bithumb Approaches $3B
Reading Time: < 1 minuteThe BTC trading volume on Bithumb has reached up to $3 billion.
MetaMask Adds Ethereum Validator Staking Feature
Reading Time: < 1 minuteThe MetaMask non-custodial wallet team has added a new feature that allows users to participate in validator staking without needing to run a node.
Terraform Labs Files for Bankruptcy in US
Reading Time: < 1 minuteTerraform Labs Pte. Lte. has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on January 21, according to the court’s website.
Operators Obliged to Ensure Transparency of Crypto Transactions in EU
Reading Time: < 1 minuteThe European Union’s governing body, the Council, recently announced its plans to strengthen supervision over the use of digital currencies.
Tether-owned Bitcoins Reach $2.8B
Reading Time: < 1 minuteAt the end of the fourth quarter of 2023, Tether purchased an additional 8,888 BTC worth $380 million. This brings their total Bitcoin holdings to 66,465 BTC.
Canada Makes Proposal to Amend Fund Requirements for Crypto
Reading Time: < 1 minuteOn January 18, the Canadian Securities Administrators (CSA) proposed new regulations for public investment funds regarding the treatment of crypto assets.
Anthony Scaramucci Predicts Bitcoin Could Reach $170,000 Next Year
Reading Time: < 1 minuteAccording to Anthony Scaramucci, Bitcoin is poised to reach a staggering $175,000 by the end of 2025.
Cumulative Spot Bitcoin ETF Volume Exceeds $11B
Reading Time: < 1 minuteThe total trading volume of 11 newly launched spot bitcoin ETFs has exceeded $11.1 billion as of their fourth day of trading on Wednesday.
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