Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Tornado Cash Developer Appeals Verdict
Reading Time: < 1 minuteAlexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, has appealed his conviction on money laundering charges.
US Senate Passes Measure to Overturn a SEC Crypto Rule
Reading Time: < 1 minuteThe US Senate passed a measure on Thursday to overturn a Securities and Exchange Commission (SEC) bulletin that sets specific accounting standards for firms that custody cryptocurrencies.
CME Group to Launch Spot Bitcoin Trading
Reading Time: < 1 minuteCME Group, the world’s leading futures exchange operator, is exploring the launch of spot trading for Bitcoin.
China Dismantles Underground Bank Using USDT for Foreign Currency Exchanges
Reading Time: < 1 minutePolice in Sichuan province, Southeast China, have broken up an underground bank that utilized the USDT stablecoin for foreign currency exchanges, involving transactions totaling at least 13.8 billion yuan ($1.9 billion).
Millennium Management Reveals $2B Investment in Bitcoin ETFs
Reading Time: < 1 minuteInternational hedge fund Millennium Management has revealed it held nearly $2 billion worth of spot Bitcoin exchange-traded-funds (ETFs) as of the first quarter of this year.
MicroStrategy is Added to MSCI Index
Reading Time: < 1 minuteBusiness intelligence company MicroStrategy has been added to a prominent global equity index following a significant surge in its stock price.
Wisconsin Investment Board Invests $163M in ETFs
Reading Time: < 1 minuteAccording to a SEC filing, the State of Wisconsin Investment Board (SWIB) held $163 million in spot Bitcoin ETF shares as of the end of March.
Sonne Finance Loses $20M in an Exploit
Reading Time: < 1 minuteDecentralized lending protocol Sonne Finance fell victim to an exploit on Wednesday morning in Asia, resulting in losses estimated at around $20 million.
Vanguard Appoints Former BlackRock Exec as New CEO
Reading Time: < 1 minuteVanguard, a leading asset management company, has appointed Salim Ramji, a former Blackrock executive known for his pro-Bitcoin stance, as its new CEO.
Bitfarms Fires its CEO
Reading Time: < 1 minuteMining company Bitfarms has expedited the termination of CEO Geoffrey Morphy following his decision to sue the company, according to a recent press release.
Coinbase Suffers a System Outage
Reading Time: < 1 minuteCryptocurrency exchange Coinbase is currently facing a “system-wide outage,” with the company actively investigating the issue.
OKX Launches a Exchange in Australia
Reading Time: < 1 minuteCrypto exchange OKX is transitioning its services tailored for Australia to a locally regulated entity, enhancing its presence in the Asia-Pacific region.
ARK Invest and 21Shares Exclude Staking from Ethereum ETF Application
Reading Time: < 1 minuteOn May 10, ARK Invest and 21Shares submitted an updated application to launch a spot Ethereum-ETF. Unlike their previous application dated February 7, this new application does not include a clause on asset staking.
Runes Protocol Activity Drops
Reading Time: < 1 minuteLaunched on April 19, right alongside Bitcoin’s recent halving, the Runes protocol has been live on the blockchain for three weeks.
Bitcoin Mining Difficulty Falls by More Than 5%
Reading Time: < 1 minuteDue to the latest recalculation, the difficulty of mining the leading cryptocurrency dropped by 5.63% to 83.15T. This decrease is the most significant since December 2022.
US Spot Bitcoin ETFs’ Outflows Hit $11.29M on Thursday
Reading Time: < 1 minuteOn Thursday, various US spot Bitcoin exchange-traded funds experienced a combined loss of $11.29 million, with the exception of Grayscale’s GBTC which saw a negative net inflow.
Wallet Developer Exodus’ NYSE Listing is Put Off
Reading Time: < 1 minuteThe planned listing of the Exodus Movement on the New York Stock Exchange has been delayed due to ongoing review by the SEC.
SEC Files Final Reply in Lawsuit Against Ripple
Reading Time: < 1 minuteThe legal conflict between Ripple Labs and the SEC has seen significant developments, as the SEC has filed its final reply in the remedies stage of the lawsuit.
BitMEX Rolls Out Options Trading
Reading Time: < 1 minuteA new options trading feature has been developed by BitMEX in collaboration with PowerTrade.
Gary Gensler Says Investors Don’t Have Access to Enough Information About Crypto Assets
Reading Time: < 1 minuteSEC Chairman Gary Gensler has expressed concerns about the lack of important information available to investors about digital assets amidst the crackdown on crypto companies.
LocalMonero Closes its P2P Platform
Reading Time: < 1 minuteOn Tuesday, LocalMonero announced it was shutting down its peer-to-peer exchange for Monero cryptocurrency due to unspecified internal and external issues after almost seven years of operation.
Grayscale Drops Application to Launch its Ethereum Futures ETF
Reading Time: < 1 minuteGrayscale has shocked the market with its recent decision to withdraw its application for an Ether futures exchange-traded fund (ETF).
Revolut Rolls Out a Crypto Trading Platform in UK
Reading Time: < 1 minuteRevolut has today launched Revolut X, a standalone crypto trading platform available to its retail customers in the UK.
Daily Amount of ETH Burned on Ethereum Network Falls to Lowest Level in 2024
Reading Time: < 1 minuteThe Ethereum network has recently experienced a significant decline in the daily amount of ETH burned, reaching its lowest level this year.
Real Users Account for Less Than 10% of Stablecoin Transaction Volume
Reading Time: < 1 minuteAccording to a new report by Visa and data platform Allium Labs, only a small portion, less than 10%, of stablecoin transactions are from legitimate or real people.
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