49 / 56 Relevant items tagged with #NewsBytes

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Shibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time

[May 30, 2024 12:02 PM] The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes…

Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

[May 30, 2024 10:43 AM] Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of…

Paxful Slashes Gift Card Fees by 80%, Volumes and Interest Surge

[May 30, 2024 4:32 AM] Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge…

Bank of Israel Launches Digital Shekel Challenge

[May 28, 2024 10:21 PM] The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The…

US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme

[May 28, 2024 8:28 PM] A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa…

Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury

[May 28, 2024 6:41 PM] Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held…

Aave Network Set to Launch Following Aave V4 Protocol

[May 28, 2024 7:01 AM] In a recent social media post, Stani Kulechov, the founder of Aave, announced that the Aave Network is expected to launch following the completion of the Aave V4 protocol. This development is eagerly anticipated by the defi community, as the Aave…

Bernstein Predicts Crypto Arms Race Among Asset Managers

[May 27, 2024 12:10 PM] Global investment management and research firm Bernstein states that cryptocurrency is evolving into a substantial business opportunity for asset managers. With the recent decrease in the popularity of ESG (Environmental, Social, and Governance)…

Nomura and GMO Collaborate on Japanese Stablecoin Issuance

[May 27, 2024 6:35 AM] Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet…