Coinbase launches cbBTC, an ERC20 token backed 1:1 by Bitcoin in its custody. cbBTC allows BTC holders to access DeFi apps like Aave, Compound, and MakerDAO. Over 843,783 Bitcoins back cbBTC, representing 4% of the total Bitcoin supply. Coinbase, the largest cryptocurrency exchange in the US, has officially launched its new tokenization product, Coinbase Wrapped…
Grayscale’s launch of SUI Trust has boosted SUI price by over 16% to above $1. The new Grayscale trust provides institutional investors with a new entry point into SUI. Institutional endorsements are increasingly influencing cryptocurrency valuations. Grayscale, a prominent cryptocurrency asset management firm, has announced the launch of its Grayscale SUI Trust. The new Grayscale…
Flowcarbon have refunded investors after failing to launch the Goddess Nature Token (GNT). The GNT token was meant to tokenize carbon credits but faced market and regulatory challenges. Flowcarbon raised $70M in funding but continues to face delays in the carbon market. Flowcarbon, a blockchain-based carbon credit platform co-founded by former WeWork CEO Adam Neumann,…
UK’s new bill recognises Bitcoin and other digital assets as personal property. Under the new law, crypto owners will enjoy greater legal protection. The UK parliament has introduced a new bill that clarifies digital assets ownership by recognizing Bitcoin and other crypto assets as personal property. The new draft law, the Property (Digital Assets etc)…
Nubank halts Nucoin trading to protect users from market volatility. Nucoin tokens can be redeemed for Bitcoin or USDC until December 9. Financial concerns, including rising non-performing loans, prompted the move. In a surprising turn of events, Nubank, the prominent Brazilian fintech company, has announced the immediate suspension of trading for its Nucoin cryptocurrency. This…
US judge dismissed a class-action lawsuit against Atomic Wallet due to no jurisdiction. The court ruled that there was insufficient evidence and that there was no deliberate Colorado targeting. Plaintiffs have 21 days to justify claims against shareholder Ilia Brusov. In a recent legal victory for Atomic Wallet, a US federal judge has dismissed a…
US judge dismissed a class-action lawsuit against Atomic Wallet due to no jurisdiction. The court ruled that there was insufficient evidence and that there was no deliberate Colorado targeting. Plaintiffs have 21 days to justify claims against shareholder Ilia Brusov. In a recent legal victory for Atomic Wallet, a US federal judge has dismissed a…
TRON, Tether, and TRM Labs launch T3 FCU to combat illicit USDT transactions. T3 FCU has frozen $12M in fraudulent USDT and identified 11 suspects. Despite Circle halting USDC minting, TRON minted $19B in USDT this year. TRON, stablecoin issuer Tether, and blockchain forensic firm TRM Labs have announced a groundbreaking partnership aimed at combating…
PayPal and Venmo integrate ENS to simplify crypto transactions with .eth names. PayPal has been expanding its web3 efforts and enhancing crypto services since 2020. However, PayPal’s stablecoin, PYUSD, has seen a significant market cap drop, mainly on Solana’s network. PayPal and Venmo have introduced support for Ethereum Name Service (ENS) domain names. This new…
Paxos integrates with Arbitrum to expand institutional adoption of on-chain assets. The partnership enhances real-world asset tokenization using Arbitrum’s low-cost network. Paxos focuses on stablecoin growth post-SEC inquiry, driving long-term digital asset use. Stablecoin issuer Paxos has announced its integration with Arbitrum, Ethereum’s leading Layer 2 scaling solution. The integration marks Paxos’ first foray into…
Judge allows parts of Coinbase’s shareholder lawsuit to proceed on negligence claims. Plaintiffs allege Coinbase misled about regulatory risks; some claims dismissed. Coinbase remains confident and committed to defending against the remaining allegations. In a significant legal development, US District Judge Brian Martinotti has partially a motion filed by Coinbase to dismiss a class action lawsuit…
ADA’s price has rebounded to $0.343 after a low of $0.3054 amid market volatility. Mysterious transactions involving large ADA amounts stir speculation and concern. The Cardano ecosystem grows with increased transactions, wallets, and Plutus scripts. Cardano (ADA) has been in the spotlight recently, facing a mix of market turbulence and intriguing developments. Notably, mysterious wallet…
Toncoin rebounds above $5 after Pavel Durov’s release and public reassurance. Trading volume has surged by over 148%, boosting interest in both spot and futures markets. Resistance at $5.51; a breakout could push TON to its next target of $6.19. Toncoin (TON), the native cryptocurrency of the Toncoin blockchain, has experienced significant volatility in recent…
Fractal Bitcoin launches mainnet, leverages Bitcoin Core code for enhanced scaling. The network offers sub-30-second block confirmations and a 20x capacity increase. The network’s native token, FB, supports proof-of-work mining, with half pre-mined for allocations. Fractal Bitcoin, a groundbreaking Bitcoin scaling solution, has officially launched its mainnet, ushering in a new era for Bitcoin scalability….
Rocket Pool (RPL) price jumped more than 30% to break above $12.50 on Monday. The surge follows an announcement of support for RPL perpetual contracts on Binance Futures. Rocket Pool (RPL) price rocketed as the crypto market reacted to the latest market news around the decentralised Ethereum (ETH) liquid staking protocol. The staking feature allows…
VanEck is closing its Ethereum Futures ETF (EFUT) by September 16, 2024. The EFUT saw low asset accumulation as compared to VanEck’s spot Ethereum ETF. Generally, Ethereum is facing challenges from competition and reduced network revenue and fees. VanEck is set to close its Ethereum Strategy ETF (EFUT) by September 16, 2024, with liquidation expected…
Arthur Hayes predicts Bitcoin (BTC) could fall below $50K amid market turmoil. Bitcoin’s price drop has led to $36.71M in liquidations. The Crypto Fear & Greed Index shows “extreme fear,” reflecting growing market anxiety. In recent days, the cryptocurrency market has been awash with uncertainty, with Bitcoin’s price taking a significant tumble. After slipping below…
Police in Singapore arrested three men after a teen reported an attempted robbery involving $24,000. The 19-year old ZK was looking to exchange the cash for USDT when two men attacked him. Strait Times has reported that police have charged 29-year old Benedict Yee Hong Fai with the attack and attempted robbery. Singapore police have…
Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity. Bitcoin (BTC) has once again slipped below $57,000 as its turbulent…
Siemens issued a €300 million digital bond on SWIAT’s blockchain platform. The bond settled in minutes, a significant improvement from Siemens’ previous bond. Major German banks participated, showcasing growing interest in blockchain assets. Germany’s tech giant Siemens has issued a €300 million digital bond, its second blockchain-based bond. The bond, issued under Germany’s Electronic Securities Act…
Mark Karpeles to launch EllipX crypto exchange in Europe. EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch. Former Mt. Gox users will get a 50% trading fee discount tied to NFTs as a goodwill gesture. Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch…
Zürcher Kantonalbank (ZKB) now offers Bitcoin and Ethereum trading via ZKB eBanking and Mobile Banking. The bank has partnered with Crypto Finance AG and will use Fireblocks for secure custody. The services are available only to Swiss residents with the necessary agreements signed. Zurich Cantonal Bank, Switzerland’s fourth-largest bank locally known as Zürcher Kantonalbank (ZKB),…
Matter Labs has laid off 24 employees, over 16% of its workforce, amid market changes. The company is shifting focus from general-purpose scaling to niche applications. Despite layoffs, Matter Labs continues hiring for critical engineering and business roles. Matter Labs, the company behind the Ethereum scaling network ZKsync, has announced the layoff of over 16%…
Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens, becoming a major stakeholder in Threshold Network. In a strategic move to protect the future of Wrapped Bitcoin (WBTC), a proposal dubbed “#saveWBTC – a…
Avalanche9000 upgrade will enhance subnet deployment on Avalanche, making L1 launches more feasible. The upgrade will also Introduce customizable chains, speeding up project development and market entry. The announcement has had no impact on the price of AVAX, which is down 2.22% amid a broader market decline. Avalanche, a leading high-performance blockchain platform, has unveiled…
WazirX hacker sends $6.5M ETH to Tornado Cash as the second phase of INR withdrawals starts The hack on July 18 led to a $230M theft, causing halted trading and frozen withdrawals. WazirX is battling legal issues and ongoing investigations. The WazirX hacker has moved $6.5 million worth of stolen Ethereum (ETH) to Tornado Cash….
Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows. Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant…
Bitcoin ETFs have attracted $5B net inflows while Ether ETFs have seen $500M net outflows. BlackRock’s IBIT leads with over $224M in a single day, currently holding over 350,000 BTC. Ether ETFs are struggling due to liquidity issues and Grayscale’s $2.5B outflows. Recent trends in the cryptocurrency exchange-traded funds (ETF) market have highlighted a significant…
Over the past week, The Open Network (TON) ecosystem has encountered a series of setbacks due to a wave of unfavorable news. The turbulence began with the arrest of Telegram founder Pavel Durov, followed by two significant outages on the blockchain network that brought block production to a standstill. Altogether, in just 68 days, the…
Vitalik Buterin clarifies ETH sales were for projects and charity, not profit. He held 325K ETH three years ago but now holds 240K ETH. Buterin has also defended Ethereum’s support for DeFi amid criticisms from some in the space. Ethereum co-founder Vitalik Buterin has come out to address allegations surrounding his sales of Ether (ETH),…
Bitcoin Dogs’ token 0DOG surges after launching a high-APY liquidity pool. Rising Bitcoin interest in the US boosts 0DOG’s value amid broader market trends. Despite a US demand spike, global Bitcoin demand and profits remain weak. The cryptocurrency market is abuzz with recent developments as Bitcoin Dogs’ native token, 0DOG, experiences a dramatic surge amidst…
Coinbase saw its first AI-to-AI crypto transaction using AI tokens on its developer platform. The AI agents used crypto wallets to transact with AI tokens, bypassing traditional finance. This marks a step toward autonomous AI-driven economies and AI-enabled checkouts. This week, the cryptocurrency world took a significant leap forward as Coinbase, a leading cryptocurrency exchange,…
FLOKI plummeted 17% as a dormant whale moved 15.22B tokens to Binance. The whale’s reactivation after 2.5 years triggered panic and heavy sell-offs. FLOKI’s weak technicals suggest further declines amid broader crypto market struggles. FLOKI, one of the largest meme coins, saw its value plummet by over 17%, reaching a low of $0.00012658, the weakest…
Sony’s Soneium partners with Transak for fiat on-ramp into Ethereum Layer 2. Gamers can buy and trade NFTs with traditional payment methods on Soneium. The partnership aims to drive blockchain adoption in the gaming and entertainment sectors. Sony Block Solutions Labs, the innovation arm behind the recently launched Soneium blockchain, has announced a strategic partnership…
Donald Trump aims to make the US the “crypto capital of the planet” if elected. His sons’ World Liberty Financial may involve real-world assets and tokenization. Trump has promised a Bitcoin reserve and to replace SEC chair Gary Gensler. In a bold move that could reshape the landscape of digital assets in the United States,…
Dogecoin (DOGE) net flow into whale wallets has surged by 118%, signalling bullish momentum. Poodlana’s price has jumped 148.75% in 30 days, fueled by strategic market moves. Both coins show strong growth potential, with DOGE and POODL gaining investor interest. In a dynamic week for meme coins, Dogecoin (DOGE) and Poodlana (POODL) have captured significant…
Crypto.com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up Crypto.com Visa Cards. The PayPal feature on Crypto.com is currently only available in the US but is expected to expand to more markets in future. Crypto.com has announced a strategic partnership with PayPal, further expanding its offerings…
HashKey Exchange lists AVAX/USD and LINK/USD for retail investors starting August 28. Previously, retail investors in Hong Kong were only limited to Bitcoin and Ethereum. AVAX and LINK deposits and withdrawals are possible via Avalanche and ERC20 networks respectively. HashKey Exchange, one of Hong Kong’s two fully licensed cryptocurrency exchanges, has expanded its offerings to…
BlackRock launches Ethereum ETF (ETHA39) in Brazil via BDR on B3 stock exchange. Initial trading price set between R$40-R$50 with first-year fees halved to 0.12%. Brazil now has 15 crypto-linked ETFs. BlackRock has expanded its cryptocurrency product portfolio in Brazil by launching the iShares Ethereum Trust (ETHA) via a share receipt (BDR) on the B3…
com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up Crypto.com Visa Cards. The PayPal feature on Crypto.com is currently only available in the US but is expected to expand to more markets in future. Crypto.com has announced a strategic partnership with PayPal, further expanding its offerings…
CoinSwitch sues WazirX over $9.7M in stuck assets after a $230M cyberattack. WazirX seeks a 30-day moratorium to restructure and address frozen withdrawals. WazirX has allowed partial INR withdrawals, but crypto withdrawals remain paused. CoinSwitch, a leading cryptocurrency exchange in India, has initiated legal proceedings against its competitor, WazirX, following a cyberattack in July that…
Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital participated in Echelon’s $3.5M seed round. The funding supports the development of new products, RWAs, and expansion to new networks. Cypher Capital, a prominent multi-strategy crypto investment firm, has announced its participation in a $3.5 million seed funding round for Echelon, a…
Sky’s USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Sky’s co-founder, says the freeze function won’t be active at launch. Sky’s website is blocking VPNs further adding to the criticism following the rebrand. A day after the decentralized finance (DeFi) project Maker rebranded to Sky, the new protocol is under intense scrutiny…
Ondo’s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors. USDY integrated with Camelot and Dolomite for trading, lending, and yield generation. USDY represents 17% of Arbitrum DAO’s treasury, boosting RWA adoption on-chain. Ondo Finance has launched its market-leading permissionless yieldcoin, USDY, on the Arbitrum blockchain, marking a significant expansion of…
Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars, with Spark as the first live subDAO. In a significant move to make decentralized finance (DeFi) more accessible, the Maker Protocol has rebranded to Sky,…
Aave Labs proposes integrating BlackRock’s BUIDL with the GHO Stability Module. The update aims to enhance capital efficiency and expand real-world asset yield. BUIDL integration allows 1:1 USDC swaps, monthly dividends, and seamless transactions. In a move to enhance its stablecoin system, Aave Labs has introduced a new temperature check proposal to update the GHO…
Celsius has repaid $2.53B to 251,000 creditors, covering 84% of the debt. 121,000 creditors still haven’t claimed their funds, many due small amounts. Former CEO Alex Mashinsky faces fraud charges, with $4.7B in fines settled. In a significant development amid its ongoing bankruptcy proceedings, Celsius, the embattled crypto lender, has successfully repaid approximately $2.53 billion…
Bitcoin Dogs (0DOG) drops 49% from debut, but strong trading volume shows investor interest. Integration with Bitcoin blockchain and gaming features supports long-term growth. Controlled token release and upcoming developments may drive future price recovery. As the broader cryptocurrency market experiences a downturn, Bitcoin Dogs (0DOG) is not immune to the pullback. Despite an initial…
Stacks, the largest Bitcoin layer-2 network, is on the verge of a transformative upgrade known as Nakamoto. As the Nakamoto upgrade approaches, Stacks’ native token, STX, currently trading at $1.80, is up 68% from its August lows. Scheduled to begin this week, the Nakamoto upgrade promises to be a pivotal event for the platform, heralding…
Buenos Aires high schools will start offering blockchain internships on August 27. ETH Kipu will train 500 students in Solidity and prepare 30 instructors. Argentina’s high inflation drives strong local engagement with digital assets. In a groundbreaking move to advance blockchain education, Argentina’s Ministry of Education has partnered with ETH Kipu to introduce Ethereum and…