Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Minneapolis Fed President Is Unsure About Benefits of National CBDC
Reading Time: < 1 minuteKashkari is doubtful about the project to create a national currency figure (CBDC), claiming that it is unlikely to contribute to the modernization of the state’s financial system.
Bitcoin Startup River Financial Attracts $35M in Funding Round
Reading Time: < 1 minuteRiver Financial, a Bitcoin-focused startup based in Columbus, Ohio, has raised $35M in a Series B funding round led by Kingsway Capital.
Crypto Miner Riot Platforms Demands $26M from Mining Firm Rhodium
Reading Time: < 1 minuteRiot Platforms has filed a lawsuit against Rhodium Enterprises for over $26 million.
North Korean Hackers Steal $720M in Digital Assets from Japanese Investors
Reading Time: < 1 minuteJapanese investors were among those who were most affected by the North Korean hackers, having lost over $720 million of virtual currencies since 2017.
Polygon Co-Founder Introduces a Scholarship Program for Web3 Developers
Reading Time: < 1 minuteSandeep Nailwal, co-founder of Polygon, and Symbolic Capital, a venture capital fund, have announced the launch of the Nailwal Fellowship program.
Binance’s Spot Market Dominance Index Drops to 51%
Reading Time: < 1 minuteBinance’s share in terms of crypto transaction volume has declined over the past few months significantly.
Changpeng Zhao Plans to Reduce its Control Over Binance.US
Reading Time: < 1 minuteBinance.US and founder Changpeng Zhao are seeking to reduce Zhao’s stake in the platform due to tight scrutiny from US regulators.
US Crypto Companies Are Moving to Bermuda Due to US Regulatory Environment
Reading Time: < 1 minuteThe increasingly stringent regulatory environment in the United States has prompted crypto companies to seek out jurisdictions with friendlier digital asset frameworks.
Brian Armstrong Received A $6.3M Compensation in 2022
Reading Time: < 1 minuteBrian Armstrong, the CEO of crypto exchange Coinbase, received $6.3 million in compensation for legal fees and personal safety in 2022.
South Korea’s Authorities Block Do Kwon’s Digital Assets
Reading Time: < 1 minuteKwon owns digital currencies, real estate, and luxury cars, resulting in the prosecutor of Seoul requesting the freezing of assets totaling 233.3 billion won ($176 million).
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minuteThe FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
Report: Institutions Will Start Buying Bitcoins at The End of 2023
Reading Time: < 1 minuteInstitutional investors are prepared to acquire Bitcoin and that its entry into the market will begin to be seen in the third and fourth quarters of 2023.
USDC Issuer Increases Share of Treasury Bills Due to Risks of US Default
Reading Time: < 1 minuteCircle has revised its stablecoin collateral structure to include short T-Bills, in an effort to protect against the potential of a US technical default.
Animoca Brands Consolidated Assets Hit $3.4B
Reading Time: < 1 minuteAnimoca Brands released on April 30 an unaudited interim financial statement, estimating its consolidated assets at $3.4 billion.
Marathon Digital CEO Says Dubious Operators Left Market Following Crypto Winter
Reading Time: < 1 minuteFred Thiel, the head of mining company Marathon Digital, has noted the crypto market downturn last year as a positive step that helped rid the industry of “dubious operators.”
Hong Kong Will Allow Crypto Exchanges to Serve Local Investors
Reading Time: < 1 minuteStarting June 1st, Hong Kong will begin to operate a mechanism for licensing cryptocurrency exchanges, allowing investors to buy and sell virtual currencies.
Binance Launches a Platform for VIP Clients
Reading Time: < 1 minuteBinance has launched its Capital Connect service, providing a platform for its VIP clients to communicate with investment fund managers.
Go First Airline Granted Bankruptcy Protection
Reading Time: < 1 minuteThe National Company Law Tribunal in New Delhi granted today Go Airlines (India) Ltd bankruptcy protection, providing a lifeline to the country’s fourth-largest carrier.
Mining Firm Hut 8 Mined 132 BTC Last Month
Reading Time: < 1 minuteHut 8 Mining, a Canadian mining company, has reported that it had mined 132 BTC in April, bringing its total reserve of BTC to 9,265.
Amount of BTC Transactions Through Cash App in Q1 2023 Reached $2.2B
Reading Time: < 1 minuteBlock has reported that the volume of cryptocurrency transactions through its Cash App was estimated to be around $2.2 billion for the first quarter of 2023.
A Trader Pays a $120K Fee to Buy a Meme Token
Reading Time: < 1 minute
A trader has recently converted 84 wrapped ETH (WETH) into 3.8 billion FOUR, the new meme token launched on the Ethereum network on May 8, using the Uniswap decentralized exchange.
Regional Bank Stocks Fall Led by PacWest and Western Alliance
Reading Time: < 1 minutePacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Hong Kong Legalizes Investments in Blockchain Projects and Cryptos
Reading Time: < 1 minuteHong Kong is determined to become a hub for the blockchain industry, competing with major cities like Singapore and London.
Ripple’s Legal Battle Against SEC Could Have Cost Company $200 Million
Reading Time: < 1 minuteThe company spent $200 million on legal costs in the ongoing lawsuit against the US Securities and Exchange Commission (SEC).
South Korean Deputy Suspected of Illegal Crypto Transactions
Reading Time: < 1 minuteSouth Korean prosecutors have reported a series of suspicious digital asset transactions allegedly carried out by opposition MP Kim Nam-kook.
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