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Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance

Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance

Liechtenstein's introduction of the world’s first blockchain business law represents an important milestone in the evolution of legal frameworks to support blockchain business.

Stablecoin and Its Potential Business Uses

Stablecoin and Its Potential Business Uses

Blockchain innovation has significantly changed the way we thought in the traditional financial sector. All of those concepts and business models, such as decentralization, cryptographic tokens, and digital ledger, also brought us more imaginations toward the future forms of money.

PayPal CEO Announces Plans for Cryptocurrency Business Expansion to Reach More Users

PayPal CEO Announces Plans for Cryptocurrency Business Expansion to Reach More Users

PayPal CEO discussed the integration of cryptocurrency into its business and potential business partnerships with central banks.

Kimchi premium refers to when the price of BTC cheaper

Kimchi premium refers to when the price of BTC cheaper

CryptoQuant data shows that South Korea's Kimchi premium has fallen again, fluctuating between -0.24 and 0.01 between Feb. 17 and 19.

BlockFi to Sell $160 Million in Bitcoin Mining Machine

BlockFi to Sell $160 Million in Bitcoin Mining Machine

BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.

Binance Trading Platform Licenses in Bahrain, Canada

Binance Trading Platform Licenses in Bahrain, Canada

The year 2021 is finally going to end on a great note for Binance, the world’s largest cryptocurrency exchange, as it has secured double licenses from the Central Bank of Bahrain (CCB) and Canada.

The Bank for International Settlements

The Bank for International Settlements

Industry executives and authorities have raised worries about crypto market structure after the 2022 meltdown.

FTX Founder to Forfeit $700 Million

FTX Founder to Forfeit $700 Million

If convicted of fraud, FTX founder Sam Bankman-Fried will lose $700 million. 55,273,469 Robinhood shares were confiscated by the U.S.

Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time

Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time

In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor's Microstrategy, sold 1,500 BTC.

FTX Japan Loses Thousands of Users After Resuming Withdrawals

FTX Japan Loses Thousands of Users After Resuming Withdrawals

Over 7,026 FTX Japan members have transferred $50 million in crypto and cash to Liquid.

Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027

Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027

Fortune Business Insights, a leading publisher of market research reports, has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. This uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing blockchain technology as an optimal solution for the numerous challenges they face, like access to bank loans, trade financing, and cash flow difficulties.

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas resident Joshua Thomas Argires has been charged for investing COVID-19 relief funds in cryptocurrencies

Bitcoin Cash advocate Roger Ver sued for $20.8 million

Bitcoin Cash advocate Roger Ver sued for $20.8 million

Genesis sued Roger Ver for $20.8 million in unpaid crypto options. GGC International sued Ver in New York State Supreme Court on Jan. 23. BCH has not reacted to the lawsuit.

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Scammers have been taking advantage of COVID-19 and the worldwide economic crisis revolving around it to retrieve personal information and phish data from Microsoft users.

Hedge Funds Battle to Survive After FTX Exchange Collapse

Hedge Funds Battle to Survive After FTX Exchange Collapse

The hedge fund discontinued its CoinShares consumer platform because to high marketing costs.

Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT

Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT

COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment.

1inch Network Launches New Hardware Wallet

1inch Network Launches New Hardware Wallet

1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.

The creator of the nonfungible token collection Bored Ape Yacht Club

The creator of the nonfungible token collection Bored Ape Yacht Club

Yuga Labs agreed with the maker of a copycat collection of the blue-chip Bored Ape Yacht Club NFTs.

Digital Surge narrowly avoids collapse

Digital Surge narrowly avoids collapse

Digital Surge creditors agree five-year rescue plan to keep exchange running. KordaMentha will pay creditors from the exchange's quarterly net earnings over five years. Customers were sent the rescue plan on December 8.

Leading Security Founders Discuss Potential of Generative AI

Leading Security Founders Discuss Potential of Generative AI

Security startup founders share insights on the use and threats of generative AI in the tech industry.

Oracle Defends Healthcare Modernization Efforts Amid Criticism from Business Insider

Oracle Defends Healthcare Modernization Efforts Amid Criticism from Business Insider

Oracle counters Business Insider's criticism of its healthcare modernization efforts for veterans.

Binance.US Could Be in Violation of Securities Law

Binance.US Could Be in Violation of Securities Law

SEC opposes Binance. US acquisition of nearly $1 billion in Voyager Digital assets.

ARK Invest CEO: Crypto Assets Will See Huge Turn

ARK Invest CEO: Crypto Assets Will See Huge Turn

ARK Invest CEO Cathie Wood predicts 2% inflation. Due to diminishing money supply, Wood expects inflation to go below this level and potentially into negative territory. The business recently sold its Grayscale Bitcoin Trust (GBTC) shares and bought 320,000 Coinbase shares for $17.6 million.

Epic Games CEO Defends Metaverse

Epic Games CEO Defends Metaverse

Epic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.

‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing

‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing

In an antitrust hearing with the Judiciary Committee of US Congress, the CEOs of Amazon, Apple, Facebook and Google testified, as a continuation of an unfinished legal conversation with lawmakers.

Voyager reportedly sells assets on Coinbase exchange

Voyager reportedly sells assets on Coinbase exchange

Lookonchain showed Voyager using 23 tokens worth over $100 million.

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.

Randall Crater, Founder of "My Big Coin" Sentenced

Randall Crater, Founder of "My Big Coin" Sentenced

A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.

Zimbabwe’s Government Consulting Private Sector on Adopting Crypto as Legal Tender

Zimbabwe’s Government Consulting Private Sector on Adopting Crypto as Legal Tender

A key government official has revealed that Zimbabwe is considering legalizing cryptocurrency as a payment service.

Tether and INHOPE Join Forces to Fight Child Abuse Material Online

Tether and INHOPE Join Forces to Fight Child Abuse Material Online

The cooperation intends to combat the unlawful use of cryptocurrency to finance child abuse content on the dark web and in personless online marketplaces like INHOPE.

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1.

Shopify Launches Blockchain Commerce Tools to Enhance User Experience

Shopify Launches Blockchain Commerce Tools to Enhance User Experience

SIWE allows Shopify users to sign in using Ethereum addresses without revealing private information.

A group of nine banks has invested $45 million in Carbonplace

A group of nine banks has invested $45 million in Carbonplace

The independent UK Carbonplace organization will start later this year under CEO Scott Eaton.

Monica Long Named New President of Ripple

Monica Long Named New President of Ripple

Ripple, a blockchain-based worldwide payments processor, elected Monica Long its new president amid unprecedented growth.

Koris: A Smart Contract-Based Platform

Koris: A Smart Contract-Based Platform

Koris provides an end-to-end operational framework for DAOs to administer communities. On Jan. 17, the WEF released a toolbox supporting DAOs.

Ark Invest continues to buy Coinbase shares

Ark Invest continues to buy Coinbase shares

Ark Invest has invested roughly $30 million on Coinbase stock in 2023 while selling Grayscale Bitcoin Trust.

Proposal to Amend Cryptocurrency Leverage Regulations in Japan

Proposal to Amend Cryptocurrency Leverage Regulations in Japan

JCBA has proposed to JVCEA to amend the leverage ratio regulations in cryptocurrency margin trading, advocating for the application of corporate leverage calculation methods to individual transactions as well. The proposal aims to align the crypto market's leverage regulations with other derivative markets and possibly re-attract users who shifted to overseas exchanges for higher leverage.

Coindesk May Be Sold as Parent Company DCG Struggles

Coindesk May Be Sold as Parent Company DCG Struggles

CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months.

The UK is a step closer to launching a central bank digital currency

The UK is a step closer to launching a central bank digital currency

The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.

Binance sees surge in withdrawals amid spooked investors

Binance sees surge in withdrawals amid spooked investors

Investors have pulled billions from Binance in the past day due to US Securities and Exchange Commission and New York Department of Financial Services action against BUSD and Paxos.

Silvergate Capital Corp. is the second-most-shorted stock

Silvergate Capital Corp. is the second-most-shorted stock

Silvergate Capital Corp., a crypto bank, has seen its shares fall 87% in the last year, but speculators believe it has further downside.

Tether Holdings Hires Major Wall Street Firm to Manage Treasury Portfolio

Tether Holdings Hires Major Wall Street Firm to Manage Treasury Portfolio

Tether has recruited a Wall Street company to handle its Treasury holdings.

Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives are for wholesale investors exclusively, according to a separate notification.

Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia

Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia

Block Inc. invests AUD$3 million in First Australians Capital's new fund, supporting Indigenous businesses in Australia, aiming to empower entrepreneurs, foster economic growth, and create community wealth.

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.

South Korea's Top Remittance Payment Company Global Money Express Joins RippleNet to Expand Payments into Thailand

South Korea's Top Remittance Payment Company Global Money Express Joins RippleNet to Expand Payments into Thailand

Ripple has established a connection with Global Money Express, Korea’s top non-bank remittance payment company to link with Thailand’s Siam Business Bank.

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

Three website operators lured romance seekers with their bogus bitcoin investment scam.

UK Watchdog Proposes Tougher Advertising Rules

UK Watchdog Proposes Tougher Advertising Rules

If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.

IRS Delays Crypto Reporting Requirements for US Businesses

IRS Delays Crypto Reporting Requirements for US Businesses

The IRS delays enforcing crypto transaction reporting requirements for US businesses, pending a comprehensive regulatory framework. This follows the crypto community's concerns over the practical challenges of complying with the Infrastructure Investment and Jobs Act's rules.

Bitfarms Settles Debt with BlockFi

Bitfarms Settles Debt with BlockFi

Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.

Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong

Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong

Singapore-based cryptocurrency exchange Huobi is considering expanding into Hong Kong, where regulatory changes are underway.

JPMorgan Blockchain Spin-Off Kadena Releases Blockchain-Based App that Verifies Coronavirus Tests

JPMorgan Blockchain Spin-Off Kadena Releases Blockchain-Based App that Verifies Coronavirus Tests

Kadena launches a blockchain-based app that compliments COVID-19 testing, in a united effort to prevent data falsification.

FTX Japan users withdraw funds amid litigation

FTX Japan users withdraw funds amid litigation

Due to the large number of FTX-SBF victims, payment is projected to take time.

Binance tightens NFT rules, announces delistings and KYC

Binance tightens NFT rules, announces delistings and KYC

Binance has tightened NFT listings. Binance will delist NFTs having an average daily trading volume below $1,000 listed before Oct. 2, 2022. After that, NFT artists may only manufacture five digital collectibles every day.

Blender is relaunched as Sinbad

Blender is relaunched as Sinbad

Elliptic, a crypto risk management organization, hypothesized that Blender renamed to Sinbad to "earn confidence from users" and escape fines.

Crypto Companies Will Reportedly Have No Presence During Super Bowl LVII

Crypto Companies Will Reportedly Have No Presence During Super Bowl LVII

In 2022, major crypto businesses released Super Bowl LVI ads, but at least four 2023 agreements failed to reach the endzone.

Nexo to terminate yield-bearing product after paying $45 million

Nexo to terminate yield-bearing product after paying $45 million

Nexo Capital's cryptocurrency yield-bearing product is being shut down in the US following a multi-million dollar settlement with the SEC and NASAA.

Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

As the opt-out movement gains steam, another group of people may end up pushing crypto into the mainstream: old people and business leaders.

Digital Asset Investments Surge to $117 Million

Digital Asset Investments Surge to $117 Million

Last week, digital asset investment products experienced record inflows and volumes.

Binance's New Blockchain Platform Aims to Build Web3 Infrastructure

Binance's New Blockchain Platform Aims to Build Web3 Infrastructure

BNB Chain stores storage metadata, while third-party storage providers store data.

MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem

MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem

MakerDAO is voting on adding a commercial bank.

Crypto Firms Make Job Cuts Amidst Ongoing Crypto Winter

Crypto Firms Make Job Cuts Amidst Ongoing Crypto Winter

Protocol Labs, Chainalysis, and Bittrex slashed 216 employees during the crypto winter.

Core Scientific seeks to sell $6.6 million in Bitmain coupons

Core Scientific seeks to sell $6.6 million in Bitmain coupons

On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.

Argo Blockchain regains stock listing compliance with Nasdaq

Argo Blockchain regains stock listing compliance with Nasdaq

Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovered.

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps).

WisdomTree cryptocurrency funds lose value in fourth quarter

WisdomTree cryptocurrency funds lose value in fourth quarter

Despite rising revenues and fund inflows, the $82 billion fund manager posted a fourth-quarter net loss.

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations

Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.

Silvergate Bank Suspends Dividend Payments to Preserve Liquidity

Silvergate Bank Suspends Dividend Payments to Preserve Liquidity

Silvergate's board "shall re-evaluate the payment of quarterly dividends as market circumstances change."

Rehab Centers Add Services for Crypto Trading Addicts

Rehab Centers Add Services for Crypto Trading Addicts

A posh Spanish rehab institution now treats crypto traders.

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home

Ripple CEO Brad Garlinghouse said that his company has earmarked Singapore and Japan as the most crypto-friendly countries where Ripple Labs could relocate.

Business Niches Where Cryptocurrencies Are Accepted for All Payments

Business Niches Where Cryptocurrencies Are Accepted for All Payments

Digital currency is becoming more well-known because it’s been around for a decade or so. In the past, it was only die-hard investors who chose to work with crypto like Bitcoin. However, more and more companies are accepting it as payment for services and goods.

Hut 8 Mining Company to Merge with US Bitcoin

Hut 8 Mining Company to Merge with US Bitcoin

Hut 8 Mining and U.S. Bitcoin will consolidate under New Hut, pending court clearance.

Celebrities asked to dismiss second amended complaint in class-action lawsuit

Celebrities asked to dismiss second amended complaint in class-action lawsuit

Kim Kardashian, Floyd Mayweather, and others claim investors "suffered no damage from just hanging onto the tokens" in their dismissal request.

5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.

Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin

Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin

Two UK firms employ ATM stablecoins to make Britain a "crypto centre."

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests

A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms.

Mango Labs Sues Avraham Eisenberg for $47 Million

Mango Labs Sues Avraham Eisenberg for $47 Million

Mango Labs, the firm behind Mango Markets, has sued exploiter Avraham Eisenberg. The Jan. 25 complaint says Einseberg misused its platform for millions of dollars in cryptocurrency in 2022.

Reliance Retail accept digital rupee at one store

Reliance Retail accept digital rupee at one store

Reliance Retail has pledged to assist India's CBDC throughout its companies.

Unknown Sources Target Crypto Investors with Malicious Computer Programs

Unknown Sources Target Crypto Investors with Malicious Computer Programs

Since December 2022, MortalKombat ransomware and Laplas Clipper malware threats have been searching the Internet for unsuspecting cryptocurrency investors.

Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy

Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy

In the Genesis Global bankruptcy case, unsecured creditors have a seven-member committee.

Property linked to FTX customer funds pulled from market

Property linked to FTX customer funds pulled from market

The seller withdrew a property tied to Sam Bankman-political Fried's expenditures.

Paxos Trust Company Disagrees With U.S. Securities

Paxos Trust Company Disagrees With U.S. Securities

Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.

Stripe Resumes Crypto Service Offerings, Partners with FTX

Stripe Resumes Crypto Service Offerings, Partners with FTX

Stripe is rejoining cryptocurrency space support again by building partnerships with FTX.

Ripple Opens First Office in Canada with New Growth Plan

Ripple Opens First Office in Canada with New Growth Plan

Ripple has opened its first regional office in Canada as part of its strategy to increase access to its users.

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.

Binance Admits to Storing Customer Funds in the same wallet

Binance Admits to Storing Customer Funds in the same wallet

Binance maintains certain client assets in the same wallet as its collateral for in-house tokens. Binance moved the funds to collateral wallets after the disclosure. B-Tokens are 1:1 collateralized, according to the company.

Binance Gets Business License to Offer Trading Services in Dubai

Binance Gets Business License to Offer Trading Services in Dubai

Binance has continued to make its foray into the global crypto markets. The leading exchange gets a new business license in Dubai, where the company intends to establish a regional headquarter there.

Ethereum's transition to proof-of-stake

Ethereum's transition to proof-of-stake

ssv.network created a $50 million fund to encourage Ether (ETH) staking technology research. DVT, an open-source protocol, distributes validator duties over numerous nodes. Vitalik Buterin's Eth2 roadmap relied on the protocol.

Citizens Trust Bank Holds $65 Million in USD Coin reserves

Citizens Trust Bank Holds $65 Million in USD Coin reserves

Citizens Trust stated the USDC reserves would support financial literacy and small business funding.

What is VeChain?

What is VeChain?

VeChain was founded in Shanghai in 2015 by the former CIO of Luis Vuitton China, Sunny Lu, as a blockchain to improve business processes and supply chain management.

Binance Announces Upgrade to Proof-of-Reserves Verification

Binance Announces Upgrade to Proof-of-Reserves Verification

Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.

Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development

Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development

The ICF supports adoption initiatives like Interchain Builders and Interchain NFTs while emphasizing core development.

Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter

Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter

Coinbase exceeded Wall Street profit projections in Q4 2022 despite a drop in exchange transaction volumes.

The launch of a nonfungible token protocol on the Bitcoin mainnet

The launch of a nonfungible token protocol on the Bitcoin mainnet

On Jan. 21, Bitcoin introduced "Ordinals," an NFT-like programme. However, meme-inspired JPEGs are filling Bitcoin blockspace.

Blockdaemon Acquires Crypto API Company Gem

Blockdaemon Acquires Crypto API Company Gem

Blockdaemon has moved to expand its business into the cryptocurrency market with an acquisition of Gem. It will enable Blockdaemon to provide its customers with crypto products.

Deloitte: 80% of Bank Executives Sees Digital Assets as a Vital Part of their Businesses in 24 Months

Deloitte: 80% of Bank Executives Sees Digital Assets as a Vital Part of their Businesses in 24 Months

Blockchain has played a major role in shifting the paradigm in the financial services industry

Circle's New APIs Simplify Complex Crypto Concepts For Mass Institutional Adoption

Circle's New APIs Simplify Complex Crypto Concepts For Mass Institutional Adoption

Circle Builds Layers of Simplicity over Complex Crypto Concepts for Business to Trigger Digital Adoption

Former FTX US Head Launches New Crypto Software

Former FTX US Head Launches New Crypto Software

Former FTX US CEO launches bitcoin software startup. Brett Harrison's latest firm, Architect, received $5 million from investors. The firm will create crypto trading software for huge organisations.

Payments giant PayPal and Galaxy raise $20 million

Payments giant PayPal and Galaxy raise $20 million

The investment round included 23 organizations and six angel investors.

Solana Network Experiences Slowdown in Block Production Following Upgrade

Solana Network Experiences Slowdown in Block Production Following Upgrade

After validator software update, Solana network block generation slowed on Feb. 25.

Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round

Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round

Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.

Binance Acquires Majority Stake in Gopax

Binance Acquires Majority Stake in Gopax

Binance returned to South Korea with a controlling ownership in ailing exchange Gopax.

Tether Denies Receiving Any Loans From Celsius

Tether Denies Receiving Any Loans From Celsius

Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.

SK Chairman Chey Tae-won Champions AI Transformation in Business

SK Chairman Chey Tae-won Champions AI Transformation in Business

SK Group Chairman Chey Tae-won urges businesses to adapt to the AI era by reshaping their models, focusing on flexibility, strategic partnerships, and offering comprehensive AI solutions.

Coca-Cola Leverages Enterprise Ethereum Blockchain to Optimize Supply Chain

Coca-Cola Leverages Enterprise Ethereum Blockchain to Optimize Supply Chain

Coke One North America (CONA), partner of Coca Cola’s largest US-based bottling company has announced it will use the enterprise Ethereum blockchain platform the Baseline Protocol—to enhance transparency and minimize friction in its supply chain transactions.

Binance Australia Derivatives Closes Accounts After False Classification

Binance Australia Derivatives Closes Accounts After False Classification

The Australian Securities and Investments Commission would "target" the company's "classification of retail and wholesale customers."

The United Kingdom Tax Reform Council Launches Campaign Against Bank of England

The United Kingdom Tax Reform Council Launches Campaign Against Bank of England

UK Tax Reform Council and Bitcoin community worry over Bank of England's CBDC intentions.

Greenidge Reduces Debt with NYDIG

Greenidge Reduces Debt with NYDIG

Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains

A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities.

Trump Warns of AI and Deepfake Dangers in Fox Business Interview

Trump Warns of AI and Deepfake Dangers in Fox Business Interview

Former President Donald Trump criticized AI and deepfake technology, stating they pose significant risks and require urgent action to mitigate potential conflict and misinformation, emphasizing the complexities of regulating AI and ensuring ethical use.

Kraken Closes Abu Dhabi Office

Kraken Closes Abu Dhabi Office

Less than a year after receiving regulatory licence to operate in Abu Dhabi's international financial hub and worldwide market, Kraken is departing.

How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals

How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals

New research conducted on behalf of the Bank for International Settlements indicates that contrary to popular belief, the Bitcoin price and other cryptocurrency prices respond very positively to news of coming regulations,when they are clear.

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Thodex crypto exchange has gone offline and its customer service vanished too, thus leaving users in the dark.

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

BankProv said in an SEC filing that it would no longer lend against crypto mining machines.

Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors

Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors

Sam Bankman-Fried may still use non-encrypted texting and phone services, save WhatsApp, which he can use under supervision.

PayPal May Be Considering Launching Its Own Stablecoin

PayPal May Be Considering Launching Its Own Stablecoin

PayPal may be looking to launch its own stablecoins in the future, as it has been reportedly been meeting with stablecoin developers.

Slim Odds of Slashing and Best Practices to Avoid it

Slim Odds of Slashing and Best Practices to Avoid it

According to Ethereum core developer Superphiz, just 0.04% of ETH-staking validators have been eliminated.

AI and Competition Policy: Insights from the White House Meeting

AI and Competition Policy: Insights from the White House Meeting

The White House meeting on competition policy and AI highlighted concerns about market concentration in critical AI components and its impact on small businesses. The discussion emphasized the need for fair competition and scrutinizing industry behaviors. The Biden-Harris Administration is committed to promoting competition and supporting small businesses in AI development.

Helium Network to Migrate to Solana Blockchain

Helium Network to Migrate to Solana Blockchain

Helium will migrate to Solana and install Oracles on March 27.

Siemens Issues World's First Blockchain Bond

Siemens Issues World's First Blockchain Bond

Siemens claims that "releasing the bond on a blockchain provides a variety of advantages compared to prior approaches," including removing banks as middlemen.

Grayscale CEO challenges SEC's denial of application

Grayscale CEO challenges SEC's denial of application

If GBTC becomes a spot BTC ETF, Grayscale Investments CEO Michael Sonnenshein stated investors will get a "few of billion dollars" back.

FTX investors file class-action suit against Sequoia

FTX investors file class-action suit against Sequoia

FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer.

QuickNode Closes $60 Million Funding Round

QuickNode Closes $60 Million Funding Round

QuickNode raised $60 million. Series B was the company's biggest round since October 2021. Quick Node hosts 16 blockchains, including Ethereum, Matic, Optimism, Arbitrum, and Solana.

Polaris Ventures, a charity created by former FTX and Alameda

Polaris Ventures, a charity created by former FTX and Alameda

Ruairi Donnelly, a former FTX employee, earned $562,000 in FTT tokens at a discount.

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

After the fall of FTX and the Ripple lawsuit in 2022, the U.S. Securities and Exchange Commission (SEC) is now looking into Wall Street corporations that may be violating custody regulations.

Indonesia's Ministry of Trade is reportedly aiming to roll out a national crypto exchange

Indonesia's Ministry of Trade is reportedly aiming to roll out a national crypto exchange

Indonesian Trade Minister Zulkifli Hasan has set a June 2023 start date for its crypto exchange.

Secret Network to Restructure as Nonprofit with 'Transparent Operation'

Secret Network to Restructure as Nonprofit with 'Transparent Operation'

Two Secret Network-promoting groups argued publicly before the vote.

Nexo Capital to Pay $45 Million in Penalties

Nexo Capital to Pay $45 Million in Penalties

Nexo Capital, a crypto lender, will pay $45 million to the SEC and NASAA (NASAA). SEC and NASAA announced the announcement on Jan 19.

Bitcoin Flips Visa Again

Bitcoin Flips Visa Again

Bitcoin (BTC) market valuation surpassed Visa's after a near 50% price increase in 2023. BTC has "flipped" the payment giant three times.

Prominent Crypto Businessman Moshe Hogeg Faces Serious Allegations Following Two-Year Investigation

Prominent Crypto Businessman Moshe Hogeg Faces Serious Allegations Following Two-Year Investigation

Israeli police have recommended charges against cryptocurrency entrepreneur Moshe Hogeg for fraud, theft, money laundering, and sex crimes. The investigation, which began in 2021, has involved 180 people, searches, and confiscation of evidence, money, and property. Hogeg has denied all allegations, and the verdict could have significant implications for the cryptocurrency industry.

Reactions to Genesis Global Trading's Bankruptcy

Reactions to Genesis Global Trading's Bankruptcy

New York crypto lender Genesis Global Trading filed for bankruptcy. Social media users weighed in. Some think bankruptcy attorneys will prosper and no one will be held responsible. Crypto lending was called "dumb" by others.

MIT Study Challenges AI Job Displacement Fears

MIT Study Challenges AI Job Displacement Fears

MIT's study reveals that human labor remains more cost-effective than AI in most job roles, especially in tasks requiring visual processing, challenging rapid AI-driven job displacement fears.

Nearly 25% of Small Businesses in 9 Countries Intend to Roll Out Crypto Payment Option: Visa

Nearly 25% of Small Businesses in 9 Countries Intend to Roll Out Crypto Payment Option: Visa

Payment giant Visa conducts a study indicating that almost a quarter of small businesses spread across 9 nations intend to introduce the crypto payment option this year.

Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations

Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations

Binance Tax is offered to Binance.com customers in France and Canada, with more territories to come.

Reversing Censorship on Ethereum

Reversing Censorship on Ethereum

Ethereum presently has 47% OFAC-compliant blocks, the lowest since Oct 11.

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

VARA's "Full Market Product Regulations" comprise four mandatory and activity-specific rulebooks for running VASPs.

National Australia Bank to Launch Ethereum-Based Stablecoin

National Australia Bank to Launch Ethereum-Based Stablecoin

NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.

Web2 and Web3 tools are merging as crypto-backed debit cards

Web2 and Web3 tools are merging as crypto-backed debit cards

The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year.

LidoDAO is considering selling or staking its $30 million

LidoDAO is considering selling or staking its $30 million

LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.

CEO of Composable Finance Vigorously Refutes Allegations

CEO of Composable Finance Vigorously Refutes Allegations

Composable Finance CEO Omar Zaki denies Karel Kubat's claims that his business violated SEC cease-and-desist orders.

Silvergate Bank Probed by DOJ for Ties to FTX Exchange

Silvergate Bank Probed by DOJ for Ties to FTX Exchange

Prosecutors are investigating Silvergate's Alameda accounts.

CEO Sues Board Members for Seizing Control of Crypto Miner

CEO Sues Board Members for Seizing Control of Crypto Miner

Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.

Taurus raised $65 million

Taurus raised $65 million

Credit Suisse, Deutsche Bank, Arab Bank Switzerland, and others invested $65 million in digital asset infrastructure provider Taurus.

Iris Energy to Triple Mining Capacity With Thousands of New Rigs

Iris Energy to Triple Mining Capacity With Thousands of New Rigs

Iris Energy will triple its crypto mining capacity with 44,000 ASIC machines.

DekaBank to Launch Blockchain-Based Tokenization Platform

DekaBank to Launch Blockchain-Based Tokenization Platform

German asset management DekaBank is cooperating with Metaco to build a tokenization platform but won't trade Bitcoin.

Local Officials Set Ambitious Targets for Digital Yuan Transactions

Local Officials Set Ambitious Targets for Digital Yuan Transactions

In 2022, the e-CNY processed $50.5 billion in municipal transactions.

The U.K. government is recruiting for a head to its central bank digital currency project

The U.K. government is recruiting for a head to its central bank digital currency project

The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brits did not use cash, and fewer than 15% of payments are done using cash.

BUSD, Paxos, and the Recent Scrutiny of Paxos

BUSD, Paxos, and the Recent Scrutiny of Paxos

Matrixport's director of research believed Paxos' BUSD supervision was too lax, prompting regulatory attention. Stablecoins are not the goal.

Chinese Media Criticizes OKEx for Illegal Advertisements as Bitcoin Surges Above $30K

Chinese Media Criticizes OKEx for Illegal Advertisements as Bitcoin Surges Above $30K

On June 27th, the Chinese media outlet Beijing Business Daily published an article titled "Bitcoin's Soaring Market Triggers Illegal Speculation Activities, OKX Resorts to 'Indirect' Marketing."

Hodlnaut Seeks to Sell Business

Hodlnaut Seeks to Sell Business

Hodlnaut temporary judicial management are considering several offers to buy its Singapore crypto firm and FTX claims.

The Federal Home Loan Banks System is lending to cryptocurrency

The Federal Home Loan Banks System is lending to cryptocurrency

The FHLB is lending billions to two of the top bitcoin banks. According to WSJ, FHLB loans might minimise cryptomarket outflows.

Coinbase Layer 2 Network

Coinbase Layer 2 Network

Coinbase's new layer-2 network, Base, has Ethereum supporters. One lawyer thinks the launch "opens the way" for the SEC to expedite its "secondary market agenda."

Interactive Brokers Launches Crypto Trading Services for Institutional Clients

Interactive Brokers Launches Crypto Trading Services for Institutional Clients

In 2023, Hong Kong will cooperate with cryptocurrency and fintech firms.

Understand JPMorgan's DocLLM: Enhancing AI-Powered Document Analysis

Understand JPMorgan's DocLLM: Enhancing AI-Powered Document Analysis

JPMorgan introduces DocLLM, an AI model for multimodal document understanding. This lightweight extension of LLMs excels in analyzing business documents, employing a novel spatial attention mechanism and bounding box information instead of costly image encoders.

Hedge fund Galois Capital shuts down after FTX collapse

Hedge fund Galois Capital shuts down after FTX collapse

Kevin Zhou also wanted to market their bankruptcy claims to experts.

Investors Interested in Digital Assets Despite Volatile Market

Investors Interested in Digital Assets Despite Volatile Market

Bitcoin attracted $69 million in inflows, 90% of the week's total, according to CoinShares.

How much money will Sullivan & Cromwell make from the FTX cryptocurrency

How much money will Sullivan & Cromwell make from the FTX cryptocurrency

A story claims FTX's notorious legal team would profit hundreds of millions from the exchange's bankruptcy lawsuit.

Binance Informs Customers of Upcoming Service Disruption

Binance Informs Customers of Upcoming Service Disruption

Disruption begins February 1. U.S. Dollar-held bank account holders who use SWIFT to acquire or sell cryptocurrencies under $100,000 may be impacted. Binance needs a new SWIFT (USD) partner to prevent service delays.

Kimchi premium refers to when the price of BTC cheaper

Kimchi premium refers to when the price of BTC cheaper

CryptoQuant data shows that South Korea's Kimchi premium has fallen again, fluctuating between -0.24 and 0.01 between Feb. 17 and 19.

South Korea Targets Crypto Major Shareholders with Proposed Financial Law Amendment

South Korea Targets Crypto Major Shareholders with Proposed Financial Law Amendment

South Korea is taking steps to scrutinize the criminal records of major shareholders in cryptocurrency businesses. A proposed amendment to the Special Financial Information Law aims to bring the crypto market under a regulatory framework similar to traditional finance. If passed, the law would require existing crypto businesses to report details about their major shareholders within three months.

Blockchain.com is refute rumors that they are selling assets

Blockchain.com is refute rumors that they are selling assets

Blockchain.com denies selling assets or subsidiaries.

Custodia Bank CEO Caitlin Long Slams Regulators

Custodia Bank CEO Caitlin Long Slams Regulators

The Custodia Bank CEO joins other crypto leaders in criticizing Washington's "regulation by enforcement" strategy.

Trial between Hermes and NFT Artist Mason Rothschild set to go ahead

Trial between Hermes and NFT Artist Mason Rothschild set to go ahead

Hermès and digital artist Mason Rothschild's lawsuit is a "momentous turning point for Web3 and digital products."

Custodia Bank's Application to Join Federal Reserve Rejected

Custodia Bank's Application to Join Federal Reserve Rejected

Custodia, a digital asset bank, was denied membership in the Federal Reserve System.

Binance NFT to Delist Assets With Low Trading Volume

Binance NFT to Delist Assets With Low Trading Volume

NFT listings on Binance have been tightened. NFTs listed on Binance before Oct. 2, 2022, with an average daily trading volume under $1,000 will be delisted. NFT artists may only manufacture five digital collectibles each day after that.

Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown

Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown

The International Monetary Fund (IMF) has released its quarterly World Economic Outlook for 2020 which paints a bleak picture on how the disruptive economic effects of the COVID-19 virus global quarantine measures, dubbed the ‘Great Lockdown’, will continue to cripple the markets long after the pandemic ends.

U.S. Federal prosecutors allege that Sam Bankman-Fried has used money from FTX exchange to invest in the VC

U.S. Federal prosecutors allege that Sam Bankman-Fried has used money from FTX exchange to invest in the VC

SBF contributed $400 million in Modulo Capital. Prosecutors believe Modulo investment was made using stolen or illegal funds.

Microsoft Copilot: SMEs with Affordable AI Integration

Microsoft Copilot: SMEs with Affordable AI Integration

Microsoft's introduction of Copilot AI for SMEs, with individual subscriptions at $20 and business plans at $30 per month, brings advanced AI capabilities, including GPT-4 Turbo, to small and medium-sized businesses, enhancing productivity and decision-making.

SEC Scholars Program Opens Applications for Fall 2023 Internship

SEC Scholars Program Opens Applications for Fall 2023 Internship

The SEC is accepting applications for its Scholars Program for Fall 2023. The program offers internships for undergraduate and graduate students in business and legal programs. The traineeships are paid and range from $15.09 to $35.27 per hour. The SEC encourages students with an interest in blockchain, computer science, and cybersecurity to apply.

Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation

Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation

The Danish Financial Supervisory Authority (Finanstilsynet) on July 4, 2023, issued a directive to Saxo Bank, instructing the financial institution to divest its holdings in cryptoassets. This move is based on the current legal framework, which prohibits banks from trading cryptoassets for their own account.

Just four men controlled 86% of stablecoin issuer Tether Holdings Limited

Just four men controlled 86% of stablecoin issuer Tether Holdings Limited

The Wall Street Journal reported that four persons owned 86% of Tether Holdings Limited in 2018.

Former Ripple Partner MoneyGram Allows Customers to Sell and Purchase Cryptocurrency at 20,000 US Locations

Former Ripple Partner MoneyGram Allows Customers to Sell and Purchase Cryptocurrency at 20,000 US Locations

MoneyGram has partnered with Coinme to let customers buy cryptocurrency and withdraw it from physical locations in the United States.

U.S. sanctions: Customers suing Compass Mining

U.S. sanctions: Customers suing Compass Mining

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.

Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier

Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier

Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.

Celsius' Official Creditor Committee Denies Rejected Bids

Celsius' Official Creditor Committee Denies Rejected Bids

Celsius Official Committee of Unsecured Creditors attorneys have criticised crypto blogger Tiffany Fong for releasing information about prospective Celsius offers, saying it would hurt negotiations.

Bakkt to Shift Focus to B2B Technology Solutions

Bakkt to Shift Focus to B2B Technology Solutions

Bakkt said it would continue to provide crypto and loyalty experiences via SaaS and API solutions on a secure platform.

Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud

Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud

After pleading guilty to two charges of conspiracy to conduct wire fraud, former Coinbase product manager Ishan Wahi will spend at least three years.

Genesis Files for Chapter 11 Bankruptcy

Genesis Files for Chapter 11 Bankruptcy

Genesis has estimated assets and liabilities of $1 billion to $10 billion. The company is considering a "dual track procedure" to sell, raise funds, or equitize. After FTX and other crypto-exchanges collapsed, the business halted withdrawals in November 2022. Genesis' parent firm DCG may sell part of its $500 million venture capital portfolio to cover its obligations.

Binance shuts down accounts in relation to Bitzlato investigation

Binance shuts down accounts in relation to Bitzlato investigation

The U.S. Department of Justice announced action against Binance, which blocked accounts due to the Bitzlato probe.

Ripple Executives Cleared of SEC Charges in Landmark Decision

Ripple Executives Cleared of SEC Charges in Landmark Decision

In a major development, Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all charges by the U.S. Securities and Exchange Commission (SEC). This is the third legal victory for the executives and Ripple, leaving the crypto industry questioning the SEC's approach.

Validator Infrastructure Developer Launches New Fund to Support Ethereum Proof-of-stake

Validator Infrastructure Developer Launches New Fund to Support Ethereum Proof-of-stake

ssv.network created a $50 million fund to encourage Ether (ETH) staking technology research. DVT, an open-source protocol, distributes validator duties over numerous nodes. Vitalik Buterin's Eth2 roadmap relied on the protocol.

OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked

OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked

White hat hackers identified weaknesses in crypto wallet OneKey's software earlier this year that allowed them to hack a hardware wallet in one second, however OneKey corrected the problem and no one was affected.

Core Scientific to Pay Outstanding Debt with Mining Machines

Core Scientific to Pay Outstanding Debt with Mining Machines

In a court filing, crypto mining firm Core Scientific stated the equipment were no longer needed for its operations and future plans.

Insider Trading and Cryptocurrency

Insider Trading and Cryptocurrency

Coinbase director Conor Grogan saw Binance-linked anonymous wallet transactions. The wallets acquired unlisted tokens minutes before their listing announcement on Binance's website and sold them shortly after, sparking suspicions of crypto insider trading.

Binance Bans WazirX From Using Its Services

Binance Bans WazirX From Using Its Services

Indian cryptocurrency exchange WazirX was given an ultimatum to withdraw incorrect assertions about Binance ownership or lose access to its wallets.

Australia's Government is Bolstering Its Market Regulator's Digital Asset

Australia's Government is Bolstering Its Market Regulator's Digital Asset

The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.

Nifty Gateway Founders Resign

Nifty Gateway Founders Resign

Nifty Gateway co-founders Duncan and Griffin Cock Foster are leaving Gemini. Gemini is suing Genesis Global, an insolvent cryptocurrency lender. "Technical leader" Eddie Ma and "non-tech leader" Tara Harris will head the platform.

Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy

Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy

Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.

Russia Gives Tax Incentives to Crypto Miners

Russia Gives Tax Incentives to Crypto Miners

Russia offers tax benefits for crypto mining investors during tough times.

Block's Cash App Bitcoin Revenue Falls 7%

Block's Cash App Bitcoin Revenue Falls 7%

Jack Dorsey's Block Inc. reported a 7% reduction in Bitcoin sales in Q4, with its Cash App producing $25 million of BTC gross profit, down 25% YoY.

The Development of Blockchain Chips

The Development of Blockchain Chips

The new "fully homomorphic encryption" chip will let users operate on data without decrypting it.

Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

Government officials identified that cryptocurrencies are used to collect and transfer 1 trillion yuan out of China to online gambling and casinos every year.

Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering

Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering

On Jan. 18, 2023, police enforcement closed Bitzlato.

Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3

Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3

Hong Kong's current budget allocates millions to the Web3 and crypto industries to "keep up with the times," allowing Gate.io to establish a local presence.

LocalBitcoins Shuts Down After 10 Years

LocalBitcoins Shuts Down After 10 Years

After 10 years, Finland's LocalBitcoins is closing.

Why A-List Celebrities Are Still Promoting Unvetted NFT

Why A-List Celebrities Are Still Promoting Unvetted NFT

Danis tweeted a picture and website URL that “literally spells out S.C.A.M.”

CleanSpark Buys 20000 New Bitcoin Miners to Boost

CleanSpark Buys 20000 New Bitcoin Miners to Boost

CleanSpark bought 20,000 Antminer S19j Pro+ devices for $32.3 million to increase its mining capacity.

Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement

Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement

Warren wants the SEC to "double down" on crypto enforcement. The U.S. senator said that the previous SEC administration "basically gave the green light" to a cryptocurrency market "full with trash tokens".

YouTube New CEO is Web3-friendly

YouTube New CEO is Web3-friendly

Given the new CEO's emphasis on Web3's prospects, YouTube may undergo a Web3 shakeup.

Moonstone Bank to Exit Crypto Space

Moonstone Bank to Exit Crypto Space

FTX's collapse may have damaged Farmington State Bank. Jean Chalopin, the Bahamas-based chairman of Deltec, another FTX banking partner, bought Moonstone Bank in 2020.

Injective Launches $150 Million Ecosystem

Injective Launches $150 Million Ecosystem

Injective, a layer-1 blockchain technology, is funding Cosmos network developers with $150 million. Pantera Capital, Kraken Ventures, Jump Crypto, and Gate Labs support the fund.

The Bitcoin mining community has experienced a 50% increase in revenue through mining

The Bitcoin mining community has experienced a 50% increase in revenue through mining

Bitcoin mining income dropped to $13.6 million on Dec. 28, 2022, putting pressure on mining businesses.

Coinbase Executives Stand Up for Crypto Staking Services

Coinbase Executives Stand Up for Crypto Staking Services

Crypto trading Coinbase officials deny its crypto staking services are securities.

SEC plans to propose new rule changes that could impact crypto firms

SEC plans to propose new rule changes that could impact crypto firms

The SEC is still deciding on a "qualified custodian."

MetaMask Warns Investors Against Phishing Attempts by Scammers

MetaMask Warns Investors Against Phishing Attempts by Scammers

MetaMask informed customers that it never emails account data or collects KYC information.

Malaysia’s Financial Regulator Says Binance is Not Authorized to Operate in the Country

Malaysia’s Financial Regulator Says Binance is Not Authorized to Operate in the Country

The Securities Commission (SC) of Malaysia, the country’s financial regulator, has announced that Binance cryptocurrency exchange is not unauthorized to operate in the country. The financial watchdog has, therefore, put the crypto exchange on the list of unlicensed companies.

FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services

FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services

The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto.

Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto

Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto

Investors steadily recovering from 2022 backed CZ's long-term bet on crypto sceptics.

Silvergate Bank as defendants in a proposed class-action lawsuit from an FTX user

Silvergate Bank as defendants in a proposed class-action lawsuit from an FTX user

FTX users have suggested a class-action lawsuit against Silvergate Capital Corp., Silvergate Bank, and CEO Alan Lane.

FTX Japan Plans to Resume User Withdrawals in February

FTX Japan Plans to Resume User Withdrawals in February

On Feb. 17, FTX Japan notified impacted customers to verify their account balances to make withdrawals.

Estonia Revokes 500 Crypto Business Licenses in a Move Against Illegal Money Laundering Activities

Estonia Revokes 500 Crypto Business Licenses in a Move Against Illegal Money Laundering Activities

Estonian authorities have recently revoked licenses from 500 crypto firms, and consequently tightened market regulations within the crypto sector.

OpenSea NFT Marketplace Faces Legal Action for Alleged Lack of Security

OpenSea NFT Marketplace Faces Legal Action for Alleged Lack of Security

An NFT collector is suing OpenSea. After being phished, the investor alleges he was locked out for almost three months. $500,000. Theft is a major environment concern. NFT launched a stolen goods policy on Aug. 11, 2022. OpenSea failed to aid several Twitter users whose NFTs were taken.

Creditors owed money by FTX

Creditors owed money by FTX

FTX lawyers submitted its creditor matrix to the U.S. Bankruptcy Court on Jan. 25. The 115-page document lists creditors alphabetically. Airlines, hotels, charities, banks, venture capitalists, and media are creditors.

CryptoZoo, Logan Paul Sued for $5M Over his allegations

CryptoZoo, Logan Paul Sued for $5M Over his allegations

A class action complaint alleges Crypto Zoo, Logan Paul, and other executives "fraudulently" retained consumer monies and failed to fulfil promised advantages.

ConsenSys Acquires Hal to Improve Alerts

ConsenSys Acquires Hal to Improve Alerts

Infura co-founder Eleazar Galano said the startup would cover holes in crypto ecosystem app development.

SEC panel votes in favor of proposal that may make it more difficult

SEC panel votes in favor of proposal that may make it more difficult

The US Securities Exchange and Commission has proposed new laws that would make it harder for crypto businesses to supply custody solutions. Opponents think this will hurt.

The U.S. government's regulatory strategy towards crypto firms

The U.S. government's regulatory strategy towards crypto firms

US officials reportedly discourage banks from serving the bitcoin business.

SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs

SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs

SAP SE announces a major restructuring plan, allocating €2 billion to reorient 8,000 roles towards AI-driven business areas, in response to the rapidly evolving tech industry landscape.

Eddy Alexandre Pleads Guilty to Commodities Fraud

Eddy Alexandre Pleads Guilty to Commodities Fraud

After pleading guilty to stealing $248 million from investors, EminiFX CEO Eddy Alexandre might serve 10 years in jail.

U.S. District Court Hears Sam Bankman-Fried

U.S. District Court Hears Sam Bankman-Fried

Sam Bankman-lawyers Fried's want FTX's money released from bail.

Solana Spaces to Close Down Stores

Solana Spaces to Close Down Stores

Solana Spaces shuttered its two Solana-themed retail outlets in New York and Miami after seven months, citing a shift in investment emphasis.

Venture capital firm Andreessen Horowitz voted against a Uniswap proposal

Venture capital firm Andreessen Horowitz voted against a Uniswap proposal

Andreessen Horowitz (a16z) opposed a final plan to instal Uniswap V3 on the BNB Chain utilising the Wormhole bridge.

Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams

Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams

FTX alerted consumers about fraudsters stealing account information with promises of asset returns.

TZERO Shut Down Crypto Exchange

TZERO Shut Down Crypto Exchange

Customers may "orderly remove" assets on March 6.

Tether Completes Reserves Attestation by Major Global Accounting Firm

Tether Completes Reserves Attestation by Major Global Accounting Firm

BDO, a global accounting company, has attested Tether's reserves.

DBS Bank to Expand Crypto Services to Hong Kong

DBS Bank to Expand Crypto Services to Hong Kong

As Hong Kong strives to become a digital asset center, Singapore state-owned megabank DBS Group plans to extend its crypto platform there.

Former Tmon CEO faces arrest for taking bribes to promote Terra Classic

Former Tmon CEO faces arrest for taking bribes to promote Terra Classic

According to South Korean authorities, advertising raised the price of Terra Classic token LUNC.

Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms

Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms

Riot Platforms' 2023 hash rate ambitions were slowed by Texas winter weather.

Celsius Creditors to Sue Executives for Fraud

Celsius Creditors to Sue Executives for Fraud

The Celsius Official Committee of Unsecured Creditors alleges "substantial claims and causes of action" against Alex Mashinsky and other executives for fiduciary breaches and fraudulent transactions.

Digital Currency Group Sells Shares in Subsidiary's Crypto Funds

Digital Currency Group Sells Shares in Subsidiary's Crypto Funds

As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.

LinksDAO and Spey Bay Golf Club

LinksDAO and Spey Bay Golf Club

"LinksDAO" may acquire a $900,000 Scottish golf course. Voting closes on Feb. 22 at 12pm ET, with 88% of voters supporting the acquisition.

Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues

Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues

Bitfinex cryptocurrency exchange has announced that it has integrated Tether (USDT) into the OMG network. The integration is set to reduce transaction confirmation and fees. The crypto exchange will enable Tether withdrawals and deposits on the OMG network. OMG network, previously known as OmiseGo, is a scaling platform, which enables peer-to-transactions in real-time, a solution that enhances the scalability of the Ethereum network.

Sui Donates $1M to London Business School for Web3 Research

Sui Donates $1M to London Business School for Web3 Research

Sui, a leading blockchain platform, has donated $1 million to London Business School for Web3 research and education, aiming to prepare future technology and business leaders.

Secret Network Validator Smart Stake to Shut Down Nodes

Secret Network Validator Smart Stake to Shut Down Nodes

Smart Stake will no longer provide validator services to the Secret Network in light of an internal leadership conflict and transparency concerns.

Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings

Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings

Q1 2021 Tesla spent $1.5 billion on Bitcoin.

Robinhood to Plan Testing Cryptocurrency Wallets, Speeding up Crypto Territory Escalation

Robinhood to Plan Testing Cryptocurrency Wallets, Speeding up Crypto Territory Escalation

Robinhood Markets is extending its reach in the growing cryptocurrency market and now plans to test its cryptocurrency wallets. The so-called crypto wallets will give customers more ability to own and spend crypto coins.

Revolut Introduces Crypto Staking to UK and EEA

Revolut Introduces Crypto Staking to UK and EEA

This week, Revolut's "soft testing" staking function will launch.

Circle Spokesperson Denies Blaming SEC for Failed $9 billion deal

Circle Spokesperson Denies Blaming SEC for Failed $9 billion deal

Circle denies blaming the SEC for its December $9 billion failed IPO. Circle's representative said any contradictory assertions are "inconsistent" with past declarations.

HSBC is looking for a top executive to work with asset tokenization

HSBC is looking for a top executive to work with asset tokenization

The Tokenisation Director would "create and execute" a worldwide tokenization proposal.

DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses

DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses

DAG Global, a UK financial services company, aims to set a precedent by gaining a UK banking license to close the void between banks and crypto businesses. It intends to become the nation’s first bank to support cryptocurrency businesses.

Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK

Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK

The report titled “The Disruption of Disruptive Tech” by Capital on Tap highlighted the state of disruptive tech adoption in early 2020. The U.S. had the most businesses in various disruptive technologies, with 71% dominance in cloud consulting and 53% in cybersecurity.

Compass Mining CEO And CFO Abruptly Resign, Company Faces Business Struggles

Compass Mining CEO And CFO Abruptly Resign, Company Faces Business Struggles

The CEO and CFO of Compass Mining firm have left their job positions at a time when the firm is experiencing challenges to maintain its operations. The miner has appointed interim officials to take over.

FTX seeks to recover political donations made by Sam Bankman-Fried

FTX seeks to recover political donations made by Sam Bankman-Fried

FTX's new management wants to reclaim Sam Bankman-Fried and other executives' political contributions from February 28.

Bankrupt crypto lender Celsius Network has chosen NovaWulf Digital Management as sponsor

Bankrupt crypto lender Celsius Network has chosen NovaWulf Digital Management as sponsor

Celsius Network submitted a restructuring plan to a U.S. Bankruptcy Court.

Binance Launches New Update to Fan Token Platform

Binance Launches New Update to Fan Token Platform

Lisa Binance He believed the fan club concept might connect people to their teams.

Genesis creditor reveals new proposed restructuring plan that will see creditors getting back

Genesis creditor reveals new proposed restructuring plan that will see creditors getting back

DCG is giving its ownership investment in a Genesis trading firm to the insolvent crypto lender's worldwide parent company.

How Small Businesses can use Blockchain?

How Small Businesses can use Blockchain?

Here are some of the best ways small businesses can use blockchain without burning a hole in their pocket.

Webaverse Co-Founder Reveals $4 Million Crypto Hack

Webaverse Co-Founder Reveals $4 Million Crypto Hack

Webaverse co-founder Ahad Shams sent a public statement about being hacked for $4 million in a hotel lobby.

1inch Network Launches Hardware Wallet Amid Rise of Self-Cust

1inch Network Launches Hardware Wallet Amid Rise of Self-Cust

1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.

Allegations of fraud against Compass Mining after company cuts ties with Russian

Allegations of fraud against Compass Mining after company cuts ties with Russian

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.

Scammers Target Australians in Cryptocurrency Call Center Scheme

Scammers Target Australians in Cryptocurrency Call Center Scheme

An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.

Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform

Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform

Dubai’s Department of Economic Development has announced its move to a Unified Business Registry Platform (UBRP). The UBRP is hosted on the innovative Blockchain Platform as a Service (BPaaS) of Dubai Pulse which is a joint initiative of Smart Dubai and du.

Fidelity Launches Cryptocurrency Custody Business

Fidelity Launches Cryptocurrency Custody Business

In a rare interview with Fidelity Investments CEO Abigaile Johnson, the Financial Times revealed that the Boston-based asset management giant is “now engaged in a full rollout” of its cryptocurrency custody and trading service.

Exclusive: Arbitrage - the Key Business Opportunity Brought by Blockchain

Exclusive: Arbitrage - the Key Business Opportunity Brought by Blockchain

Following the latest update of Paxful, Ray took a step back and shared to us his inspiration to set up Paxful and what he learnt from 11 failed startups! He then identified arbitrage as the key business opportunities by blockchain and instead of decentralization, peer to peer should be the core value preposition of Bitcoin!

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Following the hack of its platform resulting in a reported loss of over $150 million, KuCoin exchange is back in business after completing some wallet upgrades

Volkswagen's Skoda DigiLab Collaborates with Microsoft for Blockchain-Based Business Solutions

Volkswagen's Skoda DigiLab Collaborates with Microsoft for Blockchain-Based Business Solutions

Skoda DigiLab, an innovation hub, has partnered with Microsoft and Lumos Labs for innovative blockchain-based solutions in the business arena.

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation

Tech giant IBM is collaborating with Verizon Business to help usher in the future of Industry 4.0 through their respective expertise on edge computing innovation and 5G technology.

The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business

The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business

The Ministry of Financial Services of the Cayman Islands announced that it is building regulatory frameworks for individuals and entities that offer digital assets in business.

Blockchain Got Down to Business in 2019

Blockchain Got Down to Business in 2019

Executives who took part in Deloitte’s survey are confident about the new and evolving use-cases of blockchain. In comparison to Deloitte’s 2018 survey, respondents report that overall corporate blockchain investment is expanding across most sectors and practical applications are gaining traction.

Permissionless Blockchains fit the Business World's Needs

Permissionless Blockchains fit the Business World's Needs

R3 CTO Richard Brown recently published an interesting article. Among other issues, the story states explicitly permissionless blockchains have probabilistic confirmation of transactions. We want to clarify several parts of this problematic statement by describing how Concordium solves some of the challenges for Permissionless Blockchains.

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