During a speech on Thursday, European Central Bank President Christine Lagarde indicated that it is still uncertain if core inflation has reached its highest point in the euro zone. This suggests that there could be additional increases in interest rates across the continent. European Central Bank President Christine Lagarde, in a speech delivered on Thursday…
Shiba Inu (SHIB) and Tradecurve (TCRV): Exploring Insights with Google Bards As more investors seek diversification, two projects have recently gained attention in the crypto world. Shiba Inu (SHIB), a popular meme-token, and Tradecurve (TCRV), an emerging trading platform currently in its presale phase, have captured the spotlight. In this article, we delve into valuable…
Tether (USDT) Maintains Strong Grip on Stablecoin Market, Surpasses $83 Billion Market Cap Record While USDT is achieving new heights in terms of market capitalization, other stablecoins are facing challenges in maintaining their market dominance. USDT has reached a new all-time high market capitalization, coinciding with difficulties faced by other stablecoin issuers due to regulatory…
Floki Inu, the fourth-largest meme coin based on market capitalization, has announced an important partnership. The collaboration, which begins today, focuses on promoting the use of Floki through a marketing campaign in conjunction with Binance Pay. As part of the campaign, users will be rewarded for their participation. According to the announcement, users who buy…
What Is Cryptocurrency Exchange ? A cryptocurrency exchange is a platform that allows users to buy, sell, and trade cryptocurrencies. These exchanges serve as intermediaries, facilitating the conversion of fiat currencies (such as US dollars or euros) into cryptocurrencies and vice versa. They also enable users to trade one cryptocurrency for another. Here Is The…
Binance Australia Stops Accepting AUD Deposits and Withdrawals, Introduces Free P2P Trading Binance Australia has stopped accepting Australian dollar (AUD) deposits and withdrawals through bank transfers. They have also discontinued all AUD trading pairs. However, users in Australia can still withdraw and trade by converting AUD to USDT. They can purchase and sell cryptocurrencies using…
Bitcoin’s value declined by 1.36% in a 24-hour period, reaching $26,805. Similarly, Ether experienced a slip of 0.82%, settling at $1,854. Bitcoin’s value dropped below $27,000 during Thursday afternoon trading in Asia. Other major cryptocurrencies like Ether also experienced declines, but most of them showed gains for the week. Cardano was the biggest loser of…
Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is set to obtain a license to offer crypto services to customers in the United Arab Emirates (UAE). Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is expanding into the UAE market due to the increasing interest in cryptocurrencies among UAE citizens. The decision to…
Fantom’s Gas Monetization Program is Now Active, Allowing dApps to Earn Rewards, through the Gas Monetization Program and Now Eligible to Receive 15% of Generated Gas Fees as Rewards. Fantom recently surprised its developers with a rewarding announcement. On May 31, the Fantom Opera network team introduced the Gas Monetization Program. This program aims to…
Crypto.com, based in Singapore, has achieved another regulatory milestone by obtaining a license for digital payment token services. Crypto.com, a cryptocurrency exchange based in Singapore, recently announced that it has received a significant license from the Monetary Authority of Singapore (MAS) to provide digital payment token (DPT) services. This follows Crypto.com’s earlier approval from MAS…
First Digital Group has introduced its own stablecoin, which is available on both the Ethereum and BNB blockchains. First Digital, a trusted custodian and registered trust company Headquartered in Hong Kong, has announced the launch of its new stablecoin called First Digital USD (FDUSD). First Digital, a Hong Kong licensed trust company, launches a new…
XDC Network, a cryptocurrency exchange, has teamed up with SBI, a financial holding company based in Tokyo, to expand its presence in Japan. The announcement led to a 28% surge in the value of XDC’s native token. SBI’s crypto exchange branch, formerly known as XinFin, announced on May 31 that it would integrate XDC’s enterprise…
Pierre Corbin and Hugo Ferrer, who are AI developers and enthusiasts, have created an AI chatbot called ‘Talk2Satoshi’. The purpose of this chatbot is to mimic the knowledge and style of Satoshi Nakamoto, the mysterious creator of Bitcoin (BTC). It can respond to questions related to cryptocurrency and economics, providing insights in a manner similar…
Bitcoin’s mining difficulty reached an all-time high, rising by 3.4% on Thursday. This increase corresponds to the level of effort required by miners to verify transactions on the network. At the same time, the hashrate, which measures the computational power dedicated to mining, also reached a record high. A higher difficulty level means mining Bitcoin…
The US House of Representatives approved a bill to temporarily stop enforcing the debt limit. If passed, the bill would extend the deadline for the country’s debt ceiling until January 1, 2025. Five days before the Treasury’s deadline, the US House of Representatives voted decisively on Wednesday to increase the federal debt ceiling. With support…
Crypto firm Magic, which provides non-custodial wallet infrastructure, has secured $52 million in strategic funding. The funding round was led by PayPal Ventures and counts enterprise clients such as Macy’s and Mattel among its customer base. According to a press release, the funding will support the expansion of Magic’s functionality to cater to additional use…
The Anoma Foundation, a nonprofit organization at the forefront of blockchain technology, is pleased to announce the successful completion of a $25 million funding round. This marks the third round of funding for the foundation, with prominent blockchain venture capital firm CMCC Global as one of the co-leaders. The aim of this funding is to…
Trust Reserve, the company responsible for issuing two stablecoins, had its team arrested by Chinese police on May 29, as reported by PANews. On that day, the team stopped communicating, and their family members were informed. When the news agency visited the project’s office in Shanghai, they discovered a notice indicating “judicial seizure.” The reasons for…
Binance to Stop Trading Monero (XMR), Zcash (ZEC), and Dash (DASH) in France. Binance, the world’s leading cryptocurrency exchange, will disable trading of several privacy coins, including Monero (XMR), Zcash (ZEC), and Dash (DASH), in France. Users residing in France received emails stating that the exchange cited “local regulatory requirements” as the reason for this…
Last week, President Bukele met with Ammous, the author of “The Bitcoin Standard.” While in El Salvador, Ammous gave talks to students at the Cubo+ venue. El Salvador’s President Nayib Bukele has appointed Saifedean Ammous, the author of “The Bitcoin Standard,” as an economic advisor for the country’s newly created National Bitcoin Office. According to…
XDC Network Forms Strategic Partnership with SBI Group’s Subsidiary to Enhance Trade Finance Efficiency in Japan XDC Network has reached a significant milestone by joining forces with SBI Group’s subsidiary, SBI VC Trade, to provide comprehensive services to customers in Japan. With the aim of enhancing efficiency in the Japanese trade finance market, which sees…
FTX’s newly appointed management has expressed concerns regarding the potential financial ramifications. The district judge emphasized that adherence to the legal criteria was the primary factor influencing his decision to escalate the case to a higher court for an appeal. In the aftermath of the FTX collapse, a significant development has unfolded as a judge…
Binance, a popular Bitcoin exchange, has made an announcement stating that it is backing the upcoming upgrade and hard fork of the altcoin Optimism (OP). The scheduled date for this event is June 6, 2023, at 7:00 pm. Binance’s support means that it will facilitate the necessary changes and updates required for the network upgrade…
A high-ranking official from India’s central bank, the Reserve Bank of India (RBI), advised banks to incorporate artificial intelligence (AI) and blockchain technology for long-term growth and stability. During a conference organized by the RBI for directors of Indian banks, Deputy Governor Mahesh Kumar Jain discussed risk management strategies related to sustainable growth and stability….
Cardano, a blockchain platform that uses the ADA cryptocurrency, has made notable progress in development activity, as revealed by cryptocurrency analytics provider Santiment. The frequency of GitHub commits is used to measure the level of development activity in different cryptocurrency platforms. According to the data, Kusama and Polkadot are currently leading in this ranking, demonstrating…
The CEO of Coinbase, Brian Armstrong, has strongly criticized the lack of clear regulations for the crypto industry in the United States. He has consistently argued that this uncertainty will force companies to move their operations overseas. Armstrong further warns that countries like China, which are seen as adversaries to the United States, could gain…
The central banks of Hong Kong and the United Arab Emirates (UAE) are working together to align their financial sectors and collaborate on cryptocurrency regulations and fintech development. HKMA chief executive Eddie Yue (fifth right) and CBUAE governor H.E. Khaled Mohamed Balama (fifth left) pictured with Hong Kong and UAE bank executives. Source: HKMA On May 30, the Hong…
Washington Introduces Bills Addressing CBDCs and Crypto-Related Drug Trafficking As the deadline to raise the debt ceiling approaches, lawmakers are rushing to reach an agreement. Last week, two new bills with a focus on cryptocurrencies were introduced on Capitol Hill. Following several hearings that examined stablecoins, cryptocurrency classification, and regulatory oversight, members of the House…
Bybit, a cryptocurrency exchange, has decided to exit Canada due to recent regulatory developments. In a blog post on Tuesday, Bybit informed its Canadian users that starting from Wednesday, May 31, they would no longer be able to open accounts on the platform. Existing users will lose the ability to deposit funds or trade after…
Hong Kong is actively embracing cryptocurrencies by testing a Central Bank Digital Currency (CBDC) and approving retail trading of crypto. The city has been making significant progress towards being more crypto-friendly throughout the busy month of May. In a recent blog post, Hong Kong’s financial secretary, Paul Chan Mo-po, expressed the region’s intention to regulate…
Binance is creating a separate crypto platform for its users in Japan to comply with local regulations. The new platform will be launched in the summer, and users will be transitioned gradually by discontinuing certain products until November 30. After that, they will lose access to spot trading services but can switch to the local…
Optimism and Sui Brace for Expanded Circulating Token Supplies: As mentioned earlier, the Optimism and Sui cryptographic networks are preparing for a substantial token unlock scheduled to occur this week. This will result in a significant expansion of the circulating supply of tokens for both networks. Optimism’s circulating supply will double as a result of…
NVIDIA Corporation set to achieve $1 trillion market capitalization upon the opening of US markets for trading on Tuesday. US chipmaker company, NVIDIA, reached the $1 trillion market milestone shortly before the opening of US markets on Tuesday. In the pre-market, NVIDIA shares are trading at $407, experiencing an almost 5% increase compared to the…
Tether announces sustainable Bitcoin mining operations, called Tether Energy, in Uruguay, aiming to become a leading global technology provider. Tether, the company behind the USDT stablecoin, is making significant strides in the world of Bitcoin. After previously announcing plans to buy Bitcoin using profits. Tether is now venturing into energy production and sustainable Bitcoin mining…
BitFlyer Supports Transactions to and from Self-Custody Wallets like MetaMask Despite Exchange Restrictions. Japanese Cryptocurrency Exchanges Prepare for Implementation of Travel Rule Anti-Money Laundering Regulations. BitFlyer, a leading Japanese cryptocurrency exchange, has introduced new measures in response to stricter anti-money laundering (AML) regulations governing crypto transactions in Japan, which will come into effect on May…
Binance Reopens TORN Deposits After Tornado Cash DAO Attack Binance, a leading cryptocurrency exchange, has resumed TORN deposits after a recent attack on the privacy-focused crypto mixer’s DAO, Tornado Cash. On Monday, the exchange announced that TORN deposits are now available again via the Ethereum (ETH) network and Binance’s BNB Smart Chain. These deposit services…
Government Drops Plan for Crypto Exchange, Shifts to Using Exchanges for Global Payments Russia, after investing significant efforts in shaping its domestic cryptocurrency policy, is now focusing on implementing a new payment system that incorporates cryptocurrencies. As per reports from Izvestiya, the government has decided to forgo the idea of launching its own cryptocurrency exchange…
US Federal Prosecutors have strongly advocated for the court to move forward with all charges against Sam Bankman-Fried (SBF), the founder of FTX, who is currently facing legal scrutiny. The prosecutors have dismissed the arguments presented by SBF’s legal team to dismiss certain criminal charges, deeming them without merit. Previously, SBF’s lawyers had requested the…
The National Police Agency of South Korea has revealed its intention to establish a system that allows for real-time monitoring of wallet addresses and the freezing of funds. In pursuit of this goal, the police agency is scheduled to hold a meeting with Binance and the top five crypto exchanges in South Korea to discuss…
On Binance Australia, purchasing one Bitcoin using Australian dollars allows buyers to acquire it at a price equivalent to $22,000. However, the challenge lies in transferring the funds to the platform in order to make the purchase. Traders are hurrying to convert their cryptocurrency holdings into Australian dollars as the deadline for AUD bank withdrawals…
Binance CEO Changpeng Zhao, also known as CZ, has expressed his reservations about Binance purchasing banking institutions. He cited reasons such as regulatory complexities and stringent capital requirements as factors influencing this decision. Despite the increasing concern over crypto companies being debanked, including Binance’s own operations in Australia, CZ emphasized that the company is unlikely…
India has experienced a remarkable surge in crypto adoption, primarily fueled by the ongoing digitalization efforts. On the other hand, China and Mexico have witnessed relatively restrained growth, potentially due to certain constraints. Meanwhile, South Africa and Spain have made modest progress, indicating a promising outlook for crypto adoption in these regions. Bitcoin, the leading…
Russian Authorities Abandon Plans for National Crypto Exchange, Shift Focus to Establishing New Guidelines Recent reports indicate that the Russian authorities have decided against the implementation of a national cryptocurrency exchange. Instead, their focus has shifted towards the establishment of comprehensive regulations governing the development and operation of cryptocurrency exchange platforms. Anatoly Aksakov, the head…
In a significant development, leaders within Hong Kong’s Web3 industry unveiled the establishment of two new associations, namely the Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour. The announcement was made at the Radical Finance Asia event on Monday. These associations have a common objective of fostering the growth and advancement of the…
Binance Appoints Richard Teng to Lead Regional Markets Outside the US Amid Regulatory Scrutiny Binance, recognized as the largest cryptocurrency exchange globally in terms of trading volume, has selected Richard Teng to take charge of overseeing all regional markets outside of the United States. This decision comes at a time when Binance has been under…
The SEC’s lawsuit against Gemini and Genesis is anticipated to have far-reaching consequences for the crypto industry and its regulatory environment. Gemini, a cryptocurrency exchange, and Genesis, a crypto lender facing insolvency, have taken collective action by filing a motion in a U.S. federal court. Their objective is to have the complaint lodged by the…
President Joe Biden’s proposed crypto mining tax has been eliminated, marking a significant victory for the Bitcoin mining sector. The removal of the tax proposal safeguards the United States’ position as the leading country for Bitcoin mining, mitigating the risk of losing this status to other nations. This development comes as positive news for the…
Bali’s Governor Asserts Strong Stance: Strict Action Promised Against Crypto Payments for Accommodation, Restaurants, Activities, and Shopping. Crypto enthusiasts looking for a tropical getaway in Bali, one of Indonesia’s highly sought-after tourist destinations, have received a cautionary message discouraging the use of digital assets as a means of payment. The local media reported that Bali’s…
Bybit, a cryptocurrency exchange, has received initial approval to operate in Kazakhstan at the Astana International Financial Centre. This approval marks a significant step for Bybit as it expands its operations into Kazakhstan, following the positive response from regulators in the country. On May 29, Bybit, the cryptocurrency exchange, announced that it has received pre-approval…
Terra co-founder Do Kwon has hired the renowned law firm Dentons to assist him in his legal defense against ongoing prosecution and investigation by US federal prosecutors. Terra co-founder Do Kwon has enlisted the services of Dentons, the world’s largest law firm, to support him in addressing the prosecution and investigation by US federal prosecutors….