“Justin Sun to undo $56M Binance transfer following CZ’s warning of possible SUI token acquisition”

“Binance CEO Changpeng Zhao stated on Twitter that Binance Launchpool is intended for all retail users, not just a select few whales, after Justin Sun transferred $56 million in TUSD to Binance.” Justin Sun, the founder of Tron, tweeted that he will be fully refunding a $56 million transfer to Binance exchange platform. He took…

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Nigeria’s securities regulator considers allowing tokenized assets like equity and property, but not cryptocurrency

The regulatory body is thinking about allowing digital asset exchanges to operate on a trial basis. Nigeria’s Securities and Exchange Commission is thinking about allowing the offering of tokenized coins that are backed by equity, debt or property, but not cryptocurrency. These offerings would be available on licensed digital asset exchanges, and the regulator is…

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Russia’s Deputy Finance Minister says ‘Evil Crypto’ can be used in foreign trade

Russian authorities plan to create a committee to issue permits to companies that use cryptocurrency for international trade transactions. A top government official in Moscow has said that while cryptocurrency may be risky for investors, it can still have practical applications in settling international transactions. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions…

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“OKX Cryptocurrency Exchange Enhances Customer Security with Advanced Proof of Reserves Technology”

“OKX, a company that lets you buy and sell cryptocurrencies, is using a new and advanced way to prove that they have enough cryptocurrency to cover all their customer deposits. This new method, called zk-STARK, helps ensure that customer’s cryptocurrency deposits are secure and protected.”   This method helps OKX prove that they have enough…

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Elon Musk reveals new Twitter project to pay content creators

Twitter introduces payment feature for content creators. Exclusive access to creator’s private content now available for users. “Elon Musk, Twitter’s CEO, reveals new plan to support content creators and boost revenue. Twitter continuously adds innovative features to improve user experience and promote open conversations.” “With this update, cryptocurrency influencers and other creators on Twitter can…

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US House Committees Plan to Hold Hearings Together to Discuss Digital Asset Regulations

US House Committees plan to hold meetings in May to create clear rules for digital assets. The meetings will be held by the House Financial Services and Agriculture Committees, the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee. The goal is to create a bill that…

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PayPal Improves Crypto Offerings for 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges

Paypal, a US-based fintech company, is expanding its crypto services to Venmo users. This new feature allows Venmo customers to transfer money to an external wallet, a Paypal account, or a cryptocurrency exchange. Previously, Paypal introduced the option to pay with cryptocurrencies on its platform. Venmo users can now send cryptocurrency to other Paypal users,…

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Unusual Trading Volumes Observed for 4 Altcoins on South Korean Cryptocurrency Exchanges

Recent data shows that four lesser-known cryptocurrencies have been experiencing increased trading volumes on South Korean exchanges, suggesting a bullish trend for these coins. New data reveals that four not-so-popular cryptocurrencies are getting more trading activity on South Korean exchanges, which could mean that there is optimism around these coins. The four coins are QuarkChain…

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Revolut teams up with Koinly for automated tax reporting services

Koinly and Revolut have partnered to automatically sync tax filings for cryptocurrency transactions. The deal was being discussed since the start of 2023. Revolut has introduced a new tool to help its customers automatically report taxes for their cryptocurrency transactions, in response to increased scrutiny by tax authorities worldwide. Revolut has teamed up with Koinly,…

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Polygon and Google Cloud Partner for Ethereum Scaling Tools

Polygon Labs and Google Cloud have formed a partnership to improve the development of the Ethereum scaling protocol’s infrastructure and tools. The announcement was made during Consensus 2023 and is expected to benefit the Ethereum community. Polygon and Google Cloud have announced a partnership that will make it easier for developers to create Web3 products…

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Binance trying to again enter in Japanese Crypto Market

Binance, which is among the world’s biggest cryptocurrency exchanges, intends to re-enter the Japanese cryptocurrency market after buying the licensed cryptocurrency trading platform Sakura trading Bitcoin (SEBC). The acquisition of SEBC by Binance was completed in November 2022, and the firm is expected to rename the SEBC platform as the Japanese version of Binance in…

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Mastercard is set to expand its crypto payment card programme

Mastercard plans to work with more crypto companies to expand its payment card programme for cryptocurrencies. Mastercard, a big company that processes payments, plans to expand its involvement in the cryptocurrency industry by partnering with more crypto companies. They will work on increasing their cryptocurrency payment card initiative. Visa, another company that processes payments, is…

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