Kenyan Central Bank to Issue Licenses to Fintech Firms
The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central…
Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round
Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by…
Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto
Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of…
Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court
The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that…
Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds
The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary…
US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions
U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires…
Tesla CEO Elon Musk Warns Against Government Overregulation
Tesla CEO Elon Musk has expressed concern that excessive government expansion leads to more regulators than participants, negatively impacting the system. Musk acknowledged the need for regulators but stressed they should not outnumber players. He…
US Treasury Expands Sanctions to Cripple Russian War Economy
The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals…
Coinbase CEO Engages US Senators to Push Clear Crypto Regulations
Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing clear regulations for the…
Space and Time Unveils Sub-Second ZK Prover, Now Open-Sourced
With goals set on advancing blockchain and artificial intelligence (AI) integration, Space and Time has publicly released its high-speed zero-knowledge prover, Proof of SQL, under an open software license. The team says the release marks a notable…
Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects
On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018…
Nuffle Labs Raises $13 Million to Expand Modular Infrastructure for Blockchain Layers
Nuffle Labs, a contributor to the Near Protocol and Ethereum, has secured $13 million in a funding round led by Electric Capital. The investment aims to enhance its modular infrastructure services across various blockchain layers, promising…
Solana Labs Launches Bond, a Blockchain Digital Customer Engagement Platform
Solana Labs announced the launch of Bond, a platform that uses blockchain and cryptocurrency structures to establish links between brands and their customers. Bond will offer different features, including digital collectives, authentication of…
Okx, a Seychelles-based cryptocurrency exchange, clarified the information regarding a recent security incident that allowed unidentified criminals to take control of the accounts of a few customers, draining these. In a statement, Okx stressed…
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power…
Study: Ordinals and Runes Reach $1 Billion Market Cap
In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by…
Hong Kong Spot ETFs Secure $1.96B in Bitcoin, $26M in Ether
Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether ETFs See Modest Growth…
US Spot Bitcoin ETFs Reverse Outflows With $100M Inflows
U.S. spot bitcoin exchange-traded funds (ETFs) experienced inflows on Wednesday, following two consecutive days of outflows. The 11 ETFs trading in the United States amassed $100.9 million, with Fidelity’s FBTC leading the way…
Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation Risks
Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado…
Terraform Labs to Dissolve After SEC Settlement, CEO Announces
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC…
Microstrategy has announced its intention to offer $500 million of convertible senior notes due 2032 in a private offering, subject to market conditions. The company also expects to grant the initial purchasers an option to purchase up to an…
Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round
The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. Sahl’s…
Aethir (ATH) Is Now Available for Trading on LBank Exchange
PRESS RELEASE. Road Town, BVI, June 13, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Aethir (ATH) on June 12…
Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger
Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring…
As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party
With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two…
Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops
A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into…
Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales
A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province…
Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC…
Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders
Former U.S. President and presidential candidate Donald Trump has engaged with leaders in the bitcoin mining sector, expressing his support for the industry. Trump stressed that bitcoin mining “may be our last line of defense” against a…
Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real…
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