Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
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.
Bain Capital Plans to Attract $4B for New Fund
Reading Time: < 1 minuteBain Capital is attempting to raise $4 billion for a global “special situations fund” as it seeks out investments in a wide range of asset classes, according to two people with knowledge of the matter.
Tim Draper Criticizes US Policy Towards Blockchain Industry
Reading Time: < 1 minuteVenture investor Tim Draper has recently expressed his concern about the US government’s strict policies towards digital currency businesses.
US State of Montana Introduces Bill to Protect Bitcoin Miners from Discriminatory Rates
Reading Time: < 1 minuteMontana Governor Greg Gianforte has signed Senate Bill 178, prohibiting government interference in the activities of mining companies.
US DoJ Suspects Binance of Violating Sanctions Against Russia
Reading Time: < 1 minuteThe US Department of Justice and Department of Homeland Security are jointly conducting an investigation into Binance Holdings Ltd. over possible violations of US sanctions against Russia.
Trust Wallet Adds Support for Sui Network
Reading Time: < 1 minuteCryptocurrency wallet Trust Wallet has just integrated layer 1 blockchain Sui Network.
Solana Announces Competition for NFT Artists
Reading Time: < 1 minuteThe Solana Foundation has launched a competition for emerging digital artists, the NFT Showdown, in an effort to upgrade the quality of new NFT projects.
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