Virgil Griffith, an Ethereum developer who is currently in prison for five years, has been prohibited from exporting for 10 years by the Department of Commerce. This means he cannot engage in export-related activities until April 12, 2032. As a result of his actions, Griffith is now facing restrictions on participating in international trade and…
Ethereum network faced another incident within 24 hours. Blocks were proposed but not validated for 25 minutes. Ethereum, the second largest blockchain by cryptocurrency market value, experienced a technical issue on Friday. This issue caused a delay in the finalization of blocks on the network for nearly an hour. The Ethereum Foundation explained that to…
All members of the Cosmos community, using the ATOM token for governance, voted in favor of allowing Stride to join the ecosystem. Image source: bitcoinsistemi A significant voting phase has concluded in ATOM, a cryptocurrency network designed as an alternative to proof-of-work systems. During a governance vote, the majority of ATOM token holders approved the…
Every Digital Soul NFT can be exchanged for a special 3D-printed figurine. The NFC chips in the collectibles enable wireless data transfer between devices. Ubisoft, a popular video game publisher known for games like Far Cry and Just Dance, is now entering the world of NFTs with their widely acclaimed Assassin’s Creed franchise. Assassin’s Creed…
The government of the Central American nation is promoting a new image and claims that 1 million tourists have already visited this year. El Salvador’s minister of tourism says that the country is experiencing a record number of visitors. This is part of a larger effort by the country to change its image and showcase…
TL;DR Breakdown Polkadot price analysis highlights sideways price action. The price has slightly increased to $5.35. Support is present at $5.20 for polkadot. Today’s analysis of Polkadot’s price reveals that the cryptocurrency has only slightly increased to $5.35. The price movement has been inconsistent, with a modest rise observed. The fluctuations in price are moderate,…
The creditors will be compensated with a monetary amount equivalent to the value of their lost cryptocurrency assets as of April 15, 2019. Creditors of QuadrigaCX, the bankrupt Canadian crypto exchange, will be paid an “interim dividend” amounting to 13% of their total claims. Ernst & Young (EY), the bankruptcy trustee overseeing the process, informed…
Valkyrie, a company that manages assets, has recently submitted an application for a futures ETF focused on Ethereum (ETH). This ETF, called Valkyrie Ethereum Strategy ETF, aims to track the performance of Ethereum, which is the second-largest cryptocurrency in the world. While there is limited information available about the fund’s specifics, Valkyrie Digital Assets specializes…
Texas has put forth a bill to prohibit the use of Central Bank Digital Currency (CBDC). The drafters of the bill believe that CBDC is not a good idea. Texas, a state in the United States, recently announced that they are working on a bill to prevent the use of Central Bank Digital Currency (CBDC)…
Bakkt, a crypto business owned by Intercontinental Exchange, stopped its consumer app in February and is now focusing less on individual customers. Due to regulatory guidance and changes in the industry, Bakkt has decided to remove several digital assets, including popular decentralized finance (DeFi) tokens, from its offerings. Bakkt has removed several tokens from its…
The two mining companies are having a disagreement mainly because of their involvement in demand response programs in Texas. Whinstone US, a part of the bitcoin mining company Riot Platforms (RIOT), is taking legal action against Rhodium Enterprises, another mining firm. They claim that Rhodium owes them $26 million in hosting fees. Riot is also…
Binance, the biggest cryptocurrency exchange worldwide, has decided to leave Canada. They made this decision because of new rules about stablecoins (a type of cryptocurrency tied to a stable asset) and limits on how much investors can participate. Binance, a crypto exchange, has said it will stop working in Canada because the rules and regulations…
There has been a major shake-up in Twitter’s leadership as Linda Yaccarino, NBCUniversal’s head of advertising, recently stepped down. On Friday, Elon Musk, a billionaire, revealed that Linda Yaccarino will become the new CEO of Twitter. This marks another significant change in the top leadership of Twitter since Musk took control of the company in…
As Bitcoin gains popularity, scams involving the cryptocurrency have become more common. However, a recent case in Morocco stands out from the rest. A 21-year-old French citizen named Thomas Clausi, who resides in Morocco, has been found guilty of Bitcoin fraud and has been sentenced to jail and fined. According to Euronews, Thomas Clausi’s conviction…
The U.S. Securities and Exchange Commission (SEC) and its Chair Gary Gensler have faced criticism for their handling of the crypto market enforcement. Ripple’s Chief Legal Officer, Stuart Alderoty, believes that the issue lies not with the crypto ecosystem itself but with the constitution. The SEC’s conflict with the crypto industry intensified in 2023 as…
Florida Governor Ron DeSantis has issued a ban on the use of Central Bank Digital Currencies (CBDCs) in the state. In a surprising move, Florida Governor Ron DeSantis has implemented a ban on the creation and usage of Central Bank Digital Currencies (CBDCs) in the state. This decision also safeguards Florida residents from the forthcoming…
Linda Yaccarino, the advertising leader at NBCUniversal, has stepped down from her role. There are rumors suggesting that she may become the new CEO of Twitter. There is an update in the search for the new Twitter CEO. Linda Yaccarino, who was considered a potential candidate for the position, has resigned from her role as…
Binance Turkey Hosts First Meeting with Entrepreneurs at Ankara Technopark. During the event, various subjects were discussed, including the crypto ecosystem and Web3. Attendees were introduced to Binance’s startup support initiative, Binance Labs. Binance Labs Investment Manager, Alex Odagiu, joined the meeting virtually and provided insights on Binance Labs’ projects. During the event at Ankara…
DinoSwap (DINO) Gains Attention; Huobi Global to List Token DINO’s Price Sees Minor Decline, Stabilizes at $0.001272 Support Level DinoSwap (DINO) has been making impressive progress in the cryptocurrency industry, attracting the interest of investors and traders. The steady growth of DINO has caught the attention of those involved in the DINO market. Dino Token’s…
Consumers in the eurozone have expressed significantly higher expectations for inflation in the upcoming months, according to the European Central Bank. This data comes after the central bank recently reduced the rate at which it was increasing interest rates, while also indicating that it may not yet be time to pause further adjustments. ECB Reports…
Check Ethereum Balances Instantly on Google Search. Users can now access their ETH balances conveniently through integrated search results, saving time and effort. In a groundbreaking development, Google has introduced a game-changing feature for cryptocurrency enthusiasts. Users can now instantly access their Ethereum (ETH) balances directly within Google search results. This revolutionary integration transforms the…
Phemex Introduces Up to 20x Leverage for FLOKI Trading, BitMEX Adds New FLOKI Perpetual Listings Exciting news for crypto traders as Phemex announces the availability of FLOKI trading with leverage of up to 20x. This allows users to amplify their trading positions for FLOKI, enhancing potential returns. Similarly, BitMEX joins in on the FLOKI action…
Terra CEO Do Kwon Granted Release, Detailed Information Revealed In a significant development that has garnered widespread attention, Terra CEO Do Kwon is set to be released from custody. Here are the comprehensive details surrounding this news: Following an extensive legal process, Do Kwon’s legal team successfully argued for his release, highlighting insufficient evidence to…
Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse Share Thoughts on US Regulation at Dubai Fintech Summit. Saqr Ereiqat, co-founder of Crypto Oasis, Highlights United Arab Emirates’ Favorable Infrastructure for Crypto Businesses at Dubai Fintech Summit. In a conversation with Cointelegraph, Saqr Ereiqat emphasized the key factors businesses should consider when choosing a location…
Proposed EU Laws Mandate Crypto Companies, Including Non-Fungible Tokens (NFTs), to Register with Tax Authorities, Regardless of Location EU Draft Bill Requires Crypto Companies to Disclose Client Holdings to Tax Authorities, Reveals Freedom of Information Release EU Finance Ministers Set to Approve Data-Sharing Law for Crypto Companies, Modeled after OECD, Allowing Inter-Bloc Data Exchange. Some…
Proudly proclaiming a pioneering achievement, the company asserts that it is the first Web3 wallet to seamlessly integrate with PayPal for ETH transactions. With a proactive approach, MetaMask has been actively pursuing partnerships and integrations to expand its reach and capabilities. MetaMask, a provider of cryptocurrency wallets and decentralized applications (DApps), has recently launched support…
The US Chamber of Commerce denounces the SEC’s treatment of the cryptocurrency industry in a significant statement. In a show of support, the US Chamber of Commerce, a prominent and influential business organization in the United States, releases a statement backing Coinbase in its legal battle against the Securities and Exchange Commission (SEC) regarding the…
In response to mounting regulatory scrutiny from U.S. authorities, Binance.US and Changpeng Zhao (CZ) are actively seeking to reduce CZ’s majority stake and diminish his influence over the cryptocurrency exchange. To mitigate unnecessary regulatory scrutiny: To address the growing  regulatory scrutiny faced by Binance.US, the exchange and its founder, CZ, are reportedly exploring avenues to…
During the summit hosted by the Financial Times, a representative from Binance expressed their willingness to embrace and comply with cryptocurrency regulations in the nation. As the future of cryptocurrency regulation in the United States, the world’s largest financial center, remains uncertain, attention has shifted to the United Kingdom, where ongoing efforts have captured the…
Polygon could potentially surpass Solana once again. Solana was greatly impacted by the FTX fall, as SBF, a strong supporter of the Solana Ecosystem, faced challenges. Solana has successfully surpassed one of its main rivals, Polygon, to regain a position in the top 10 in terms of market capitalization. During the Terra collapse in May,…
Nexo, with 5+ million users, offers various crypto services but is closing in the UK. Last year, Nexo paid $45M to settle charges of violating US securities laws. Records show that Nexo, a crypto lending firm based in London, has taken the necessary steps to remove its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing…
Bitcoin’s price drops below important long-term average, triggering a widespread crypto market sell-off. Bitcoin’s price has plummeted below the crucial 200-weekly moving average (WMA), leading to a significant sell-off across the crypto market. Within the last 24 hours, BTC price experienced a decline of over 5%, briefly dropping below $26,100. In addition, Ethereum (ETH) price…
The prices of the NFT collection have gone up significantly in the past two days The Milady non-fungible token (NFT) collection experienced a surge in popularity after being acknowledged by Elon Musk, the owner of Twitter, similar to his involvement with dogecoin (DOGE). Miladys are a type of profile picture (PFP) non-fungible token (NFT) collection,…
Ripple’s CTO labels BEN Coin as a “rug pull.” BEN has experienced a 34.65% drop in the last 24 hours. David Schwartz, the Chief Technology Officer of Ripple, has shared his thoughts on the controversy surrounding Ben “BitBoy” Armstrong join the BEN coin team. In a tweet, Schwartz expressed his opinion. David Schwartz, the Chief…
A new initiative in the United Arab Emirates (UAE) aims to construct two large facilities for cryptocurrency mining. These advanced data centers will use a special cooling method called full immersion due to the hot desert climate, which makes traditional air cooling impractical for mining operations. Cutting-Edge Crypto Mining Centers in Abu Dhabi Overcome Cooling…
BlockFi Receives $297M for Customer Refunds. In November of last year, approximately 48,000 customers transferred a total of $375 million. On May 11, 2023, BlockFi, a platform for digital assets, received court approval. As part of the approval, they will be returning $297 million to users who have non-interest-bearing accounts, excluding those who recently made…
Daniel Friedberg, who previously held a senior compliance position at FTX and FTX US, has submitted a statement that may offer support to the lawsuit. The class action lawsuit targeting celebrities accused of promoting the bankrupt FTX has gained the assistance of former exchange executive Daniel Friedberg, who previously served as the compliance chief. According…
The company that owned the now-closed Silvergate Bank revealed substantial reductions in its workforce and the removal of its securities from listing in a filing submitted to the Securities and Exchange Commission (SEC). Silvergate Capital, the parent company of the bankrupt Silvergate Bank, has announced that it will be removed from the New York Stock…
World’s Largest Business Organization Supports Coinbase in Battle Against SEC The US Chamber of Commerce strongly criticizes the Securities and Exchange Commission (SEC) for its chaotic and enforcement-focused approach to regulating the cryptocurrency industry in the United States. The United States Chamber of Commerce has expressed strong support for Coinbase by submitting an amicus  brief …
Since the summer of 2022, Binance CEO Zhao Changpeng, commonly known as CZ, has been making efforts to sell a portion of his shares in an attempt to improve the company’s perception among U.S. authorities. According to a report by The Information, Binance.US, along with its founder, majority shareholder, and chairman, Changpeng Zhao, is actively…
Developers Resolve Ethereum Mainnet’s Transaction Finalization Issues and Initiate Investigation into Outage Causes On Thursday, the Ethereum mainnet encountered a temporary disruption where transaction confirmations were incomplete for approximately 25 minutes, as blocks were being proposed but not fully finalized. Developers are actively investigating the root causes of this incident. During the 25-minute period, users…
Elon Musk Announces Upcoming CEO Transition for His Twitter Account, a Prominent Crypto Hub Twitter, the Cryptocurrency Industry’s Hub, Announces New CEO as per Elon Musk’s Tweet. Elon Musk tweeted Thursday. Elon Musk Announces Incoming CEO for Twitter’s Crypto Hub, Negotiations with Former NBC Universal Executive Linda Yaccarino. ( Wall Street Journal is reporting )…
McHenry Requests Information from U.S. SEC on Crypto Firms’ Registration Attempts Representative McHenry has reached out to the U.S. Securities and Exchange Commission (SEC) inquiring about the cryptocurrency companies that have made efforts to register with the regulatory agency. The request aims to gather information on the extent of registration attempts within the crypto industry….
Standard Chartered Bank has announced its intention to provide high-quality custody services for digital assets in Dubai. This service will be offered through its subsidiary, Zodia Custody, pending approval from regulatory authorities. Just three months after finalizing an agreement with SBI Digital Asset Holdings in Japan to establish a cryptocurrency custody platform, Standard Chartered, a…
Justin Sun to Launch New Memecoin in Crypto Market Soon. Listing on Exchanges Not Guaranteed for Justin Sun’s New Memecoin Project. TRON (TRX) founder, Justin Sun, announced his plan to introduce new memecoins and promising projects for active trading. This comes as memecoins are gaining popularity in the global crypto market. I have chosen to…
Odsy, the developer of decentralized wallets, raised $7.5 million in funding. The funding was led by Blockchange Ventures and included participation from Rubik Ventures, Node Capital, FalconX, and other investors. Odsy Network, a type of blockchain technology called layer 1, secured $7.5 million in funding to support the creation and improvement of decentralized cryptocurrency wallets….
The European Banking Authority aims to prevent private, permissionless cryptocurrency initiatives from posing a threat to monetary policy privileges. The European Banking Authority’s Jose Manuel Campa – Image source “coindesk” The Chair of the European Banking Authority (EBA) has expressed the view that central banks should block the adoption of large stablecoins if they have…
The Blockchain Fund II, a private equity fund, requires a minimum investment of $100,000. Franklin Templeton, a company managing around $1.4 trillion in assets, intends to expand its cryptocurrency market offerings by launching a second blockchain fund. This information was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. (…
US Regulators Probe Bitcoin Miner Marathon for Potential Violation of Securities Laws in Internal Transactions Marathon Digital Holdings (MARA), a major crypto mining company in North America, announced a smaller-than-expected loss in the first quarter. The company’s move towards profitability was supported by the higher price of bitcoin and improved production. Marathon Digital Holdings also…
SNEK, a meme coin recently introduced on the Cardano blockchain, has gained the interest of Cardano founder Charles Hoskinson. Charles Hoskinson, the founder of Cardano, has expressed curiosity about a recently launched meme coin on the Cardano blockchain. In his latest tweet, he inquired about what caught his attention in this new cryptocurrency. Cardano is…