Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
CFTC Accuses Two US Residents of $5M Bitcoin Scam
Reading Time: < 1 minuteThe US Commodity Futures Trading Commission (CFTC) has charged two residents of Florida with defrauding investors out of more than $5 million.
Non-custodial Exchange IDEX Plans to Launch its Own L2 Network
Reading Time: < 1 minuteIDEX, one of the oldest Ethereum exchanges, has initiated the development of a second-level Xchain solution leveraging Polygon’s zkEVM technology.
Abracadabra Proposes to Transfer DAO Management to a Legal Entity
Reading Time: < 1 minuteThe Abracadabra DeFi project team proposed the creation of a centralized organization to protect intellectual property rights and manage costs.
Mining Firm Marathon Mined in June 21% Less than in May
Reading Time: < 1 minuteMarathon Digital Holdings mined 979 BTC last month, a 21% reduction from the record in May, yet a 599% year-over-year increase.
Vietnam’s Authorities Highlight the Risks Associated to Transactions with Pi Crypto
Reading Time: < 1 minuteLe Xuan Minh, the head of the Department of Cybersecurity and High-Tech Crime Prevention of Vietnam, declared that the operations of cryptocurrency models are “extremely complex and uncontrollable.”
Bitfinex: Bitcoin’s Growth Phase Will Return
Reading Time: < 1 minuteThe Bitfinex exchange believes that, with the SOPR index currently in the green zone.
Binance to Suspend Support for Multichain-related Tokens
Reading Time: < 1 minuteBinance has announced that from July 7, support for the deposit and withdrawal of multiple tokens, due to an issue with the Multichain cross-chain project in May, will be suspended.
Animoca Brands Founder Believes Hong Kong is Becoming a Blockchain Hub
Reading Time: < 1 minuteYat Siu, co-founder of the investment company Animoca Brands, is part of an expert group that advises Hong Kong officials on developing regulations for the blockchain industry.
Devs Propose ETH Standard to Fight DeFi Project Hacks
Reading Time: < 1 minuteThe Ethereum community’s group of programmers has created the ERC-7265: Circuit Breaker standard in order to improve the security of DeFi protocols.
TVL of Liquid Staking in Solana Protocols Increases by 91% in Six Months
Reading Time: < 1 minuteSince the beginning of this year, the total volume of funds (TVL) blocked in Solana’s liquid staking protocols has seen a 91% spike – from $98 million to $187 million.
Australia is Third Country with Largest Number of Crypto ATMs
Reading Time: < 1 minuteAs of July 1, 2023, Australia had risen to third place in the ranking of countries with the highest number of Bitcoin ATMs, boasting 513 digital currency terminals according to CoinATMRadar service data.
Hong Kong Creates a Task Force for Web3 Development
Reading Time: < 1 minuteThe Hong Kong government declared on June 30 the creation of a 15-expert task force, headed by Financial Secretary Paul Chan, to promote the development of Web3. The group, which […]
Crypto Funds See Influx of Funds for Second Week in a Row: Report
Reading Time: < 1 minuteCoinShares analysts found that the total influx of funds into cryptocurrency investment products from June 24 to June 30 was $124.7 million, which is a decrease from the $199.1 million recorded for the previous week.
Vitalik Buterin Gives Support to Projects Targeted by the SEC
Reading Time: < 1 minute
Vitalik Buterin, the co-founder of Ethereum, has expressed his regret for the projects that have been affected by the recent lawsuits of the SEC in the United States.
WSJ: SEC Will Reject BlackRock’s and Fidelity’s ETF Application
Reading Time: < 1 minuteThe SEC has informed Nasdaq and CBOE exchanges that applications from BlackRock, Fidelity, and other companies for spot Bitcoin ETFs were deemed to be “not clear and comprehensive” due to the lack of information regarding the joint monitoring agreement or its details.
Former Goldman Sachs Executive Joins Circle’s Board of Directors
Reading Time: < 1 minuteThe former Chief Risk Officer of Goldman Sachs, Craig Broderick, has been announced as having joined the board of directors of Circle Internet Financial.
The Central Bank of India Says Stablecoins Threaten Financial Stability
Reading Time: < 1 minuteOn June 28, the Central Bank published a report warning of the risks posed by stablecoins, as their use could decrease the attractiveness of physical cash and cause financial instability.
Solana-based Project Cardinal Shuts Down
Reading Time: < 1 minuteThe Cardinal crypto project team has announced a “smooth” shutdown of protocols.
US Users Are Interested in Spot Bitcoin ETFs
Reading Time: < 1 minutePaul Grewal, Coinbase’s General Counsel, has expressed in an interview with Bloomberg his opinion that the US investment community is in dire need of a spot version of an exchange-traded fund based on the digital currency.
Crypto Custodian Anchorage Will Team Up with EDX Markets
Reading Time: < 1 minuteHowever, it appears the platform has now ended their agreement with Paxos and instead is now in talks to partner with crypto custodian Anchorage Digital.
July Could Be a Good Month for Bitcoin: Matrixport Analysts
Reading Time: < 1 minuteA new bullish phase is expected to start in July, which could potentially see the value of Bitcoin rise more than it did in June of 2023.
Israel Confiscates Millions of Dollars in Crypto Linked to Terrorists
Reading Time: < 1 minuteThe Israeli government has confiscated funds from cryptocurrency wallets through which transactions in alleged Hezbollah and IRGC Quds Force funding schemes took place.
Report: Crypto Miners Send $128M to Crypto Exchanges
Reading Time: < 1 minuteCryptocurrency exchanges received $128 million worth of digital currencies, which is equivalent to 315% of miners’ daily production and set a new all-time high.
US Investment Firms Are Entering Crypto Market: CoinShares
Reading Time: < 1 minuteCoinShares has noticed heightened interest from major US asset holders in the cryptocurrency market.
Robinhood Plans to Fire 7% of its Full-time Employees
Reading Time: < 1 minuteRobinhood has announced that approximately 150 employees will be laid off in their third wave of layoffs in over the past year.
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