Users will have the opportunity to deposit specific coins and, in exchange, receive a corresponding asset as a reward. Bitget, a crypto exchange based in Seychelles, announced the launch of a cryptocurrency lending product in a press release on July 4. Through Bitget’s new Crypto Loans service, users will have the opportunity to deposit less…
After prolonged negotiations, Cameron Winklevoss, co-founder of Gemini Exchange, took to Twitter today to share his “final offer” regarding the restructuring of Genesis, a struggling digital asset firm. Winklevoss’s message made it clear that Barry Silbert, the founder of Digital Currency Group (DCG), is responsible for a substantial debt of $1.46 billion. If the debt remains…
Bankruptcy and Restructuring Firm’s Compensation Bills Reach $16.4 Million with Latest Invoice. McDermott Will & Emery, a law firm representing Voyager’s committee of unsecured creditors, has submitted a bill of $5.1 million for the services provided between March and May. With the addition of this recent bill, the total compensation charged to the group has…
BlackRock has submitted a revised application for its iShares Bitcoin Trust ETF after the SEC deemed the previous application insufficient. The Nasdaq exchange has made changes to an application for a Bitcoin spot ETF on behalf of BlackRock. This comes after the SEC had concerns with their first attempt. Nasdaq selects Coinbase as surveillance partner:…
Mastercard’s chief digital officer, Jorn Lambert, believes that their newly launched Multi-Token Network (MTN) has the potential to unlock the true value of blockchain technology and speed up its adoption by the general public. Mastercard progresses with its development efforts: Despite the ups and downs of the past year, the global cryptocurrency market is still…
Shiba Inu (SHIB) Price Surges Amid High Trading Activity, Linked to Poly Network Attack Shiba Inu (SHIB), a popular meme coin, has experienced a surge in its price with a lot of trading activity. Despite many people selling their SHIB tokens, the price has stayed above $0.000007679 and even increased by around 1.5%. This shows…
Bitcoin Dominance Falls to 49.26% as Ethereum (ETH) Hits $1,960 and Pepe (PEPE) Soars 17.94% Bitcoin’s dominance currently stands at 49.26%, showing a 0.31% decline within a 24-hour period. This news has caused concern among Bitcoin enthusiasts, as the cryptocurrency has been experiencing a downward trend in recent days. However, in a fascinating turn of…
Terra Luna Classic’s community pool balance has reached a critical level as the community gives approval to three spending proposals. The Terra Luna Classic community pool balance has significantly decreased to a critical level as the community has approved three spending proposals. The funds have dropped from 2.37 billion LUNC to only 416 million LUNC,…
Discussions regarding investor protection regulations have been ongoing since September 2022, prompted by the crypto lending crisis that resulted in the bankruptcy declarations of companies like BlockFi and Celsius. Thailand’s Securities and Exchange Commission (SEC) has introduced new regulations for digital asset service providers with a strong emphasis on protecting investors. These guidelines mandate that…
Cameron Winklevoss, co-founder of Gemini, expressed that the SEC’s rejection of a spot Bitcoin ETF has been a “total disaster” for investors in the United States. According to Cameron Winklevoss, co-founder of Gemini, the United States securities regulator has been directing investors towards risky and unregulated crypto products for the past decade. Winklevoss criticized…
South Korea Takes Initial Step Towards Digital Asset Legal Framework South Korea Takes First Step with Virtual Asset User Protection Act, Establishing Legal Framework for Virtual Assets. The recently passed legislation in South Korea, set to take effect next year, is a comprehensive compilation of 19 proposals put forth by lawmakers. This groundbreaking legislation not…
Bitcoin Depot and GSR II Meteora Acquisition Corp have finalized their agreement, with the aim of making Bitcoin accessible to a wide range of people in a secure and safe manner. Bitcoin Depot, a prominent Bitcoin ATM operator in the United States, has completed its merger with GSR II Meteora Acquisition Corp., a special purpose…
Bitwise’s Matthew Hougan believes the spot Bitcoin ETF market will be highly competitive with a dominant player. Matthew Hougan of Bitwise suggests that while many contenders are seeking approval from the US Securities and Exchange Commission (SEC) to launch a spot Bitcoin ETF, only a few will ultimately achieve success. According to Matthew Hougan from…
Hong Kong’s Finance Secretary, Chan, has expressed strong support for cryptocurrencies. The city has been actively working towards becoming a leader in Web3 technology for a while The government of Hong Kong has established a task team dedicated to promoting innovation in Web3 technology. In a recent press release, the Hong Kong Special Administrative Region…
Binance and Alternative Airlines join forces to enable bookings for 600 airlines with Dogecoin, XRP, and other cryptocurrencies Binance Pay, the payment service offered by Binance Exchange, has announced its support for Dogecoin (DOGE), XRP, and other digital currencies. Users can now utilize these cryptocurrencies to make payments for approximately 600 airlines worldwide, expanding the…
Terra Classic Implements Automatic Token Burn Mechanism for Continuous Supply Reduction In its 11th burn round, Binance, the largest cryptocurrency exchange globally, has successfully burned 2.65 billion Terra Classic (LUNC) tokens. This burning process aims to reduce the token supply and maintain the ecosystem’s balance and sustainability. With the recent burn of 2.65 billion Terra…
Bittrex has closely aligned its arguments with those put forth by Coinbase in the ongoing legal battle. Both exchanges share similar viewpoints and are presenting unified arguments to challenge the regulatory authority of the SEC. Bittrex, a cryptocurrency exchange, has filed a motion to dismiss in its legal dispute with the U.S. Securities and Exchange…
Attackers who targeted PolyNetwork managed to issue approximately $4 billion worth of malicious tokens. However, their efforts are unlikely to result in significant financial gain due to the low liquidity and security measures in place. On Sunday morning, attackers exploited a smart contract function within PolyNetwork’s bridge tool, leading to the issuance of billions of…
Cryptocurrency Whale Makes Significant Altcoin Purchase and Withdrawal from Binance Cryptocurrency Whale with Address czsamsunsb.eth Engages in Significant Altcoin Purchases and Withdrawals on Binance. Etherscan data reveals that the whale borrowed 8 million USDC from Aave, a decentralized lending platform, and utilized 6 million USDC to acquire 3,115 ETH at an average price of $1,926…
FSC Files Fraud Charges Against Delio; Haru Invest Suspends Deposits and Withdrawals on June 13 The South Korean Financial Services Commission (FSC) is currently investigating crypto lending firm Delio, according to local news portal Digital Asset. The FSC has lodged charges of fraud, embezzlement, and breach of trust against Delio in response to its temporary…
Shiba Inu’s Shibarium Puppynet Surpasses 17 Million Wallet Addresses and 1.4 Million Blocks Shiba Inu’s Shibarium Puppynet (Shibarium Beta) garners immense attention within the SHIB Army and Shiba community, achieving remarkable milestones. Recently, it surpassed 25 million transactions, demonstrating its capability to handle a substantial volume of daily transactions, averaging an impressive 273,805 transactions per…
The Canadian government has approved unlimited trading of Litecoin (LTC) and three other cryptocurrencies. In addition, a crypto analyst has predicted that the price of LTC could reach $140. In a major breakthrough for the Canadian cryptocurrency market, the government has given the green light for unrestricted trading of Litecoin (LTC) and three other cryptocurrencies…
US House Chair Patrick McHenry warns Gensler over SEC’s critique of Bitcoin ETF filings. US House Financial Services Committee Chairman Patrick McHenry issues a Twitter warning to Chair Gary Gensler as the SEC deems spot Bitcoin ETF filings by financial giants “inadequate.” Despite criticism from the crypto community regarding a leveraged futures Bitcoin ETF, the…
This action arises as the US Securities and Exchange Commission (SEC) actively pursues legal charges against major cryptocurrency exchanges and associated entities. The US Securities and Exchange Commission (SEC) is facing allegations of enforcing legal challenges on the crypto industry without clear regulations. In response, the US Supreme Court has reportedly chosen to examine the…
Litecoin’s recent achievement of reaching an all-time high of $110 underscores its increasing significance in the market. With the third halving just around the corner, scheduled within four weeks, anticipation and market sentiment are being fueled further. Litecoin, the original altcoin, celebrates a week of remarkable accomplishments. It recently achieved an all-time high of $110,…
Fidelity Updates Bitcoin ETF Application Following SEC Comment; BTC Trading Volume Surges Over 100%. Global asset manager Fidelity has recently filed its official application for a Spot Bitcoin ETF. However, the U.S. Securities and Exchange Commission (SEC) expressed that the initial filings made by Blackrock and Fidelity for Bitcoin ETFs lacked clarity and comprehensiveness. In…
Coinbase Selected as Surveillance Partner for Fidelity and Other Bitcoin ETFs, Refiled Applications Reveal. When refiled its spot bitcoin exchange-traded (ETF) fund applications, Cboe’s BZX Exchange revealed that it had chosen Coinbase as the market for its surveillance-sharing agreement. This decision was made on Friday and applies to multiple potential bitcoin ETF issuers. In recent…
On Friday, Kraken received an order to disclose user information to the Internal Revenue Service (IRS). The judge determined that the government had a valid reason for requesting the data, acknowledging its legitimacy. In an Internal Revenue Service (IRS) investigation, a U.S. judge has ordered Kraken, the cryptocurrency exchange, to provide specific personal information about…
According to the SEC, the recent filings submitted by BlackRock, ARK Invest, Fidelity, and other asset managers are deemed insufficiently clear and comprehensive. The launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could face a longer delay, as the Securities and Exchange Commission (SEC) has declared the recent applications from investment…
Before creditor distributions, a sell-off has taken place, and these distributions will exclusively be made in the two most popular cryptocurrencies. Celsius, the bankrupt crypto lender, received approval on Friday to commence liquidation of its altcoins. This is in preparation for a distribution to creditors, which will exclusively occur in the two most widely utilized…
In a recent survey conducted by the exchange, 63.5% of respondents expressed a positive outlook on the future of crypto in the coming year, while an overwhelming 88% conveyed optimism for the next decade. Binance, the leading cryptocurrency exchange in terms of market value, has reported that its institutional clients are optimistic about the future…
Coinbase’s court hearing date has been unexpectedly advanced as a result of a “creative” defense maneuver. The exchange filed its response a remarkable 40 days ahead of the August 7, 2023 deadline, prompting an earlier scheduling of the hearing. The U.S. Securities and Exchange Commission (SEC) is set to present its response to Coinbase’s initial…
President Joe Biden highlighted the shortcomings in the crypto industry during his speech at Bidenomics in Chicago, Illinois, on June 28th. During the initial portion of his speech, President Joe Biden emphasized the importance of the country’s infrastructure and highlighted the creation of 13.4 million new jobs in the region within the last two years….
German financial regulator, BaFin, has denied Binance’s application for a license to provide cryptocurrency custody services. As per a report by Finance Forward, Germany’s financial authority has decided not to grant Binance a license for cryptocurrency custody services, based on information from reliable sources. It is unclear from the source whether the refusal to grant…
Binance has transformed from a simple crypto trading platform into a comprehensive ecosystem. The focus of the crypto exchange is to improve security by incorporating machine learning and AI technologies. Binance, a well-known cryptocurrency exchange, has grown from a basic app and website for trading cryptocurrencies to a complete ecosystem offering a wide range of…
BobaBNB has experienced a surge in transaction volume, reaching new record-breaking levels, thanks to the expansion of the ROVI Network. The ROVI Network has made it easier for people to adopt cryptocurrencies, attracting a diverse range of users to BobaBNB. Additionally, the integration of MegaWorld has significantly boosted the number of transactions on the BobaBNB…
Mastercard empowers developers with tools for creating innovative payment apps for enhanced efficiency. Mastercard is preparing to launch a “Multi Token Network” in beta soon for financial payments. Raj Dhamodharan, Mastercard’s EVP and Head of Crypto and Blockchain, describes it as a blockchain-powered app store for creating regulated financial applications. It will essentially be an…
The US central bank has been stress-testing retail banks in response to significant banking failures that occurred earlier this year. The aim is to evaluate the resilience and stability of these banks following those high-profile collapses. According to the American central bank’s “stress tests,” all 23 of the largest banks in the country have been…
Coinbase responds to SEC lawsuit, alleges due process violation and jurisdiction overreach. In its initial legal response to the SEC’s lawsuit, Coinbase, the U.S. cryptocurrency exchange, asserted that the digital assets listed on its platform are not within the regulatory scope of the U.S. Securities and Exchange Commission (SEC). In simpler terms, Coinbase argues that…
Binance, the cryptocurrency exchange, has recently announced that it will be withdrawing or pulling back from its operations in the United Kingdom, Netherlands, and Cyprus. In simpler terms, they will no longer be actively operating in these countries. Binance, the cryptocurrency exchange, will no longer receive support from its current EUR banking partner, Paysafe Payment…
Bitcoin price reacted to Jerome Powell’s speech at a monetary policy forum hosted by the European Central Bank, where he discussed potential rate hikes. US Federal Reserve Chairman Jerome Powell discussed the central bank’s monetary policy approach during a speech. Traders were anticipating an interest rate hike in the upcoming July meeting. Powell cautioned that…
Hong Kong Virtual Asset Consortium Considers Adding Terra Luna Classic (LUNC) to Digital Asset Index. Hong Kong’s rating agency, Hong Kong Virtual Asset Consortium (HKVAC), is considering adding Terra Luna Classic (LUNC) to its digital asset index. The agency has already released an initial list of cryptocurrencies for its large market cap index and plans…
Hong Kong Virtual Asset Index Includes SHIB, XRP, DOGE, and ADA XRP, SHIB, DOGE, and ADA, along with 26 other popular cryptocurrencies, are featured in the HKVAC index. The Hong Kong Virtual Assets Consortium (HKVAC), a prominent rating agency for virtual assets in Hong Kong, has launched a new index that evaluates 30 well-known cryptocurrencies….
FTX CEO John Ray III is reaching out to potential participants to relaunch and rename the FTX cryptocurrency exchange. FTX, a troubled cryptocurrency exchange, is making efforts to relaunch its international platform, despite facing reputation damage, as reported by the Wall Street Journal. The exchange’s new management team revealed that approximately $9 billion of customer…
Major cryptocurrency exchanges, such as Huobi, have added trading pairs for Cardano on their platforms in response to the SEC’s categorization. The recent actions taken by the U.S. Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges like Binance and Coinbase caused a significant drop in the prices of top cryptocurrencies, including Cardano (ADA). However,…
The Data Act, which was initially suggested in early 2022, was approved by the European Parliament on March 14. EU lawmakers have reached an agreement to proceed with the European Data Act, despite objections from the crypto community. Thierry Breton, the EU’s Commissioner for Internal Markets, confirmed the deal in a tweet, describing it as…
Certain high-ranking members within the company charge more than $2,000 per hour for their professional services. Voyager Digital, a cryptocurrency brokerage, has been ordered to pay $1.1 million to its legal advisor, Kirkland & Ellis. The payment is for fees and expenses related to their participation in the bankruptcy proceedings of a previous brokerage firm…
KuCoin will be implementing Know Your Customer (KYC) checks, which means that new users will need to complete identity verification in order to access all services. Existing users who have not completed KYC will not be able to make deposits. KuCoin, a significant cryptocurrency exchange, is enhancing its Know Your Customer (KYC) system by introducing…
According to the report, the largest cryptocurrency by market cap has historically shown a tendency to experience a rally during the month of July. In a report released on Wednesday, crypto-services provider Matrixport highlighted that optimistic investors in Bitcoin (BTC) are getting ready for the anticipated “seasonal surge.” They emphasized that the world’s largest cryptocurrency…
Miners typically sell their Bitcoin at advantageous prices to sustain their large-scale computing operations. In the last two weeks, Bitcoin (BTC) miners have transferred more than one billion dollars’ worth of the cryptocurrency to crypto exchanges. However, it’s important to note that this doesn’t necessarily mean they are selling the tokens. Miners are organizations or…