[Apr 5, 2024 6:00 PM] The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its…
[Apr 5, 2024 5:26 PM] The International Monetary Fund (IMF) has urged Ukraine to finalize its crypto legislation, the country’s Deputy Minister of Digital Transformation for IT industry development has revealed. “In the face of war, we have to exploit the…
[Apr 5, 2024 4:29 PM] A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held…
[Apr 5, 2024 4:00 PM] In a significant development, FTX bankruptcy trustees have reportedly sold about two-thirds of a $2.6 billion stash of Solana (SOL) at a “deeply discounted price.” Industry figures such as Galaxy Trading and Pantera Capital were among…
[Apr 5, 2024 3:23 PM] In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule…
[Apr 5, 2024 2:33 PM] On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission…
[Apr 5, 2024 1:20 PM] According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in…
[Apr 5, 2024 11:16 AM] A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of…
[Apr 5, 2024 10:22 AM] In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a…
[Apr 5, 2024 9:07 AM] According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing…
[Apr 5, 2024 7:27 AM] On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest…
[Apr 5, 2024 6:01 AM] Bitcoin’s price oscillation between $66,182 and $69,199 within 24 hours underscores a battlefield where bulls and bears vie for dominance. Bitcoin Bitcoin’s 1-day chart reveals a narrative of volatility, with the asset’s price…
[Apr 5, 2024 5:34 AM] Paradigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment…
[Apr 4, 2024 11:27 PM] A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of victims,” said U.S. Attorney Damian…
[Apr 4, 2024 8:29 PM] Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with…
[Apr 4, 2024 5:26 PM] The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from…
[Apr 4, 2024 5:00 PM] Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this…
[Apr 4, 2024 3:38 PM] Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for…
[Apr 4, 2024 2:35 PM] Tech giant Google has filed a lawsuit against two Chinese nationals, accusing them of developing fraudulent cryptocurrency apps on the Google Play store and defrauding more than 100,000 users globally. “This is a unique opportunity for us to…
[Apr 4, 2024 12:29 PM] Galaxy Digital, a cryptocurrency venture capital firm, is in talks with third parties to launch its first cooperative crypto investment fund. The fund, called Galaxy Ventures Fund I, LP, will focus on crypto projects still in their early stages and…
[Apr 4, 2024 11:40 AM] Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving…
[Apr 4, 2024 10:38 AM] On Thursday, Paypal disclosed that users of Xoom now have the capability to utilize the company’s stablecoin PYUSD for conducting international cross-border transactions. Beginning on April 4, this feature was made accessible to users in the…
[Apr 4, 2024 7:37 AM] On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s…
[Apr 4, 2024 5:33 AM] After years of operating without a board, Binance recently established its first board of directors, chaired by a former diplomat from Barbados. The cryptocurrency exchange still lacks a global headquarters. Some critics argue that the board…
[Apr 4, 2024 2:24 AM] Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to…
[Apr 4, 2024 12:39 AM] Van Eck analysts predict that Ethereum’s Layer two (L2) scaling solutions will reach a $1 trillion market cap within six years, fueled by the need to overcome Ethereum’s limitations in processing capacity, data storage, and computation…
[Apr 3, 2024 11:18 PM] Tigran Gambaryan, the Binance employee detained by Nigerian authorities, is a stringent law enforcement professional with no decision-making authority, according to the crypto exchange. Through his Financial Crime Compliance (FCC) team, Gambaryan…
[Apr 3, 2024 10:41 PM] In the first quarter of 2024, meme coins significantly outshone all other cryptocurrency narratives by delivering an astonishing average return of 1312% across its leading tokens, as observed in a report by Coingecko. Among these, the newly…
[Apr 3, 2024 5:26 PM] The Chinese government is reportedly launching an “ultra-large-scale blockchain infrastructure platform for the Belt and Road Initiative.” The platform will support the implementation of cross-border cooperation projects along the Belt…
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