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What is Crypto Margin Trading & How Does it Work?
There are many different ways to trade cryptocurrency. You may have heard of “shorting” Bitcoin, margin trading, or trading with leverage. All of these terms refer to the same practice — leverage trading — but the interchangeable way they are used can make understanding how it works a little difficult.
Ripple Co-Founder Jed McCaleb Dumps 28 Million XRP Tokens amid SEC Lawsuit
Jed McCaleb, Ripple’s co-founder and its former Chief of Technology Officer, has seemingly resumed the sale of his XRP reserve, cashing out 28 million XRP.
Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch
Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy. Governance proposals will guide the distribution of DYDX rewards, maintaining transparency and community oversight throughout the program.
Su Zhu Amongst Creditors Files $5m Claim against His Own Firm: Sources
Su Zhu, the co-founder, and CEO of bankrupt Three Arrows Capital (3AC) is reportedly amongst the creditors that filed claims against the embattled crypto hedge fund.
Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies
Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.
Blockchain Infrastructure Firm Chain Completes Acquisition of MDT for $100m
Chain announced that the $100 million deal will provide the company with assets, including MDT, cash-back application RewardMe and financial data protocol MeFi.
Binance to Remove Liquidity Pools: ADA, APE, AVAX, DOT and More
Binance plan to remove several liquidity pools from its Liquid Swap platform, aiming to improve trading experience. The removal will take effect on September 1, 2023. Users with positions in these pools will automatically return their assets to their Spot wallets. However, they can redeem their assets before the removal date.
Instagram Influencers Sued by Investors for Falsely Promoting Crypto Tokens
Instagram influencers Kim Kardashian and American boxer Floyd Mayweather have been sued by investors accusing celebrities of falsely promoting crypto tokens to mislead investors.
Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban
The trio of Facebook, Google and Twitter have been slammed by a $600 million class-action lawsuit by a group of companies and individuals backed by Sydney based JPB Liberty
Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling
The regulator said Ooki DAO offered digital asset margin trading, which they’re not permitted by law to do.
U.S. Appeals Court Approves Seizure of Over $3 Billion in Bitcoin from Silk Road
The U.S. Ninth Circuit Court has finalized the seizure of 69,370 Bitcoin from Silk Road, worth over $3 billion, following a landmark legal process affirming the government's claim.
Atomic Wallet Prevails in $100 Million Hack Lawsuit Dismissal
Atomic Wallet has won a dismissal in a $100 million class-action lawsuit related to a hack, citing lack of jurisdiction over the Estonia-based company.
Kraken Amplifies European Footprint with BCM Acquisition
US-based cryptocurrency exchange, Kraken, has announced its plan to acquire Dutch crypto broker BCM as part of its European expansion strategy. This move aligns with the new MiCA regulatory framework, promoting a favorable investment climate in the region. The acquisition will enhance Kraken's service offerings and market position in the Netherlands.
KPMG in Canada Acquires World of Women (WoW) NFT
KPMG Canada, a full-service Audit, Tax, and Advisory firm owned and operated by Canadians, have announced it has purchased a World of Women (WoW) NFT.
Dubai Educational Institution Accepts Bitcoin and Ethereum Payments
Dubai Educational Institution Citizens School accepts Bitcoin and Ethereum payments for tuition.
QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon
QuickSwap is a decentralized trading platform leveraging Polygon's Layer 2 network. Its native token QUICK achieved a new record-high today, breaching $1,000.
Wave Financial Acquires Swiss-based Criptonite Asset Management
A US-based regulated digital asset investment management firm makes its first acquisition in Europe. The acquisition paves the way for Wave Financial to make further expansion globally.
CFTC Files First Lawsuit Against DAO
The Commodity Futures Trading Commission (CFTC) has filed its first lawsuit against a decentralized autonomous organization (DAO).
Walmart Hires Digital Currency and Cryptocurrency Product Lead
The multinational retail giant in the United States, Walmart, is hiring managing position in charge of cryptocurrency and digital products.
Terra Co-Founders to Face Fraud Charges in South Korea
As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against Terra CEOs Do Kwon and Daniel Shin for alleged fraud.
U.S. Judge Approves SEC's Motion to Extend its Discovery Period For Lawsuit with Ripple
SEC's request to extend the facts discovery period for the ongoing Ripple case has been granted by Judge Sarah Netburn.
Mysten Labs Partners with Alibaba Cloud to Bolster Sui Blockchain Ecosystem
Mysten Labs collaborates with Alibaba Cloud to enhance the Sui blockchain ecosystem, introducing AI-assisted development tools, educational programs, and global infrastructural support.
Grab’s Tech Head Wui Ngiap Foo Quits to Lead Crypto Gaming Startup Ethlas
After seven years, grab's head of technology is leaving the Asian ride-hailing app and will lead Crypto Gaming Startup Ethlas.
US Toughens Export Controls on Semiconductors to China Amid Military Concerns
The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.
Coinbase Acquires FairX, Creating Room for Crypto Derivatives Market
Coinbase is launching a cryptocurrency derivatives service for its clients by announcing the acquisition of derivatives exchange FairX.
Animoca Brands Japan and Quidd Release Digital Collectibles of Manga 'FAIRY TAIL'
Animoca Brands Japan and Quidd announced the release of digital collectibles from popular manga 'FAIRY TAIL'.
Top Three Mobile Wallets on Sui Ecosystem Emerge
A look at the top three mobile wallets on the Sui blockchain ecosystem: Surf Wallet, Nightly, and Sui Wallet.
Riot Proposes to Acquire Bitfarms for $2.30 Per Share
Riot Platforms proposes acquisition of Bitfarms to create the largest publicly listed Bitcoin miner.
Analyzing Market Making Dynamics on Uniswap (UNI)
Explore the intricate dynamics of liquidity supply and demand on Uniswap.
Atoma Integrates AI with Sui Blockchain to Empower Builders
Atoma's AI network integrates with Sui Blockchain, enhancing capabilities for DeFi, gaming, and more.
OKX TR Launches Exclusive Sui Learn & Earn Campaign
OKX TR announces an exclusive Sui Learn & Earn campaign, rewarding users who complete specific tasks by July 5, 2024.
Sui Foundation Announces March-April Grant Recipients
Sui Foundation unveils grant awardees for March and April 2024.
Guild of Guardians Launches to High Ratings and Immersive Gameplay
Guild of Guardians launches with high ratings, showcasing immersive gameplay and strategic depth.
Robinhood to Acquire Bitstamp in $200M Deal to Bolster Global Crypto Presence
Robinhood's acquisition of Bitstamp aims to expand its crypto offerings and global footprint.
Sui Generis Bridges Web3 Gap for Artists Through NFT Auctions
Sui Generis leverages Sui technology to build a thriving NFT art community.
Understanding Ambiguity: Causes and Effects
Explore the concept of ambiguity, its causes, and its impacts on communication.
Understanding stBNB: Liquid Staking with BNB on BNB Chain
Explore stBNB and its role in liquid staking within the BNB Chain ecosystem.
Sui Bridge Launches on Testnet with Incentive Program for Participants
Sui Bridge goes live on Testnet with incentives for testers. Secure and seamless asset transfers between Ethereum and Sui.
Bondex Secures Strategic Investment from Animoca Brands to Expand Web3 Recruitment Platform
Bondex garners strategic investment from Animoca Brands to enhance its Web3 recruitment platform.
Sui Foundation Supports University Research on Blockchain Scalability, Privacy, and AI Tools
Sui Foundation funds 20 university teams for blockchain research, focusing on scalability, privacy, and AI tools.
Understanding LSD BNB: Enhancing Liquidity and Flexibility with BNB Staking
Learn about LSD BNB and its role in liquid staking within the BNB ecosystem.
Sui Introduces Secure Native Randomness for Testnet Applications
Sui Testnet now offers secure native randomness, enhancing app development with new possibilities.
SUI: SuiNS Adopts @ Symbol for Streamlined Blockchain Identity
SuiNS updates its naming standard from .sui to @, enhancing identity consistency across Web2 and Web3 platforms.
Sui's Fastcrypto Library Sets New Speed Records in Cryptography
Sui's Fastcrypto library achieves new speed records in cryptographic functions through continuous benchmarking, as highlighted at the ICPE 2024 conference.
OpenAI Acquires Rockset to Enhance AI Data Processing Capabilities
OpenAI has announced the acquisition of Rockset, a company specializing in real-time data analytics, to bolster its AI data processing capabilities.
Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain
Birdeye's APIs and WebSockets now support Sui blockchain, enabling integration of real-time crypto market data into DeFi applications.
Binance Adds JPY Market to Fiat Liquidity Provider Program
Binance updates its Fiat Liquidity Provider Program, adding the JPY market and revising performance review and rebate mechanisms.
NetSuite Introduces SuiteSuccess Healthcare Edition to Boost Efficiency and Patient Care
NetSuite launches SuiteSuccess Healthcare Edition to streamline processes, enhance decision-making, and support HIPAA compliance.
Creating Your First GitHub Repository: A Beginner's Guide
Learn how to create your first GitHub repository with this beginner-friendly guide. Understand essential features, settings, and steps to get started.
Tether (USD₮) and Uquid Partner to Enhance Everyday Crypto Transactions
Tether and Uquid launch the 1USD₮ store, showcasing the practical use of USD₮ in everyday transactions through a Web3 E-commerce platform.
Eternal Paradox Season 5: Guild Strategies and Team Dynamics
Eternal Paradox Season 5 kicks off with intense guild warfare. Discover strategies, team dynamics, and key events to dominate Elysium.
BNB Chain Allocates $900K Liquidity to Boost Meme Coin Ecosystem
BNB Chain dedicates $900K to enhance meme coin development through its Meme Innovation Campaign, promoting liquidity and stability within the ecosystem.
Copper Introduces Custody and Staking Solutions for SUI
Copper's latest move offers secure custody and staking services for SUI, targeting institutional investors.
Elwood Technologies Partners with Wintermute to Enhance Digital Asset Liquidity
Elwood Technologies integrates Wintermute to boost digital asset trading experience and deepen liquidity for institutional clients.
Sui Blockchain Founders Showcase Expertise Under Pressure at Red Bull Racing Simulator
Sui blockchain's founders answer technical questions while driving high-speed laps at the Sui Basecamp event, showcasing their expertise under pressure.
Sui Bridge Testnet Incentive Program Nears Conclusion
The Sui Bridge incentivized testnet phase ends on July 8th, urging participants to complete required actions for rewards.
Bitfinex Releases Version 1.99: Performance and UI Enhancements
Bitfinex's latest update, Version 1.99, brings performance improvements and UI changes, including clickable Ask and Bid prices, updated securities look, and various bug fixes.
Sui Indexing Framework Enhances Onchain Data Access
The Sui Indexing Framework provides customizable access to onchain data, enabling developers to build responsive applications and real-time analytics.
Understanding Closed-Loop Tokens: Enhanced Security and Customization
Closed-Loop Tokens (CLTs) offer enhanced security, compliance, and tailored functionality for specific applications, according to The Sui Blog.
Sui Overflow Hackathon Winners Announced
Sui's first global hackathon concludes with 32 winners from 352 project submissions, showcasing innovation in blockchain technology.
Wave Wallet Introduces Launchpad for Sui Apps, Enhancing User Experience
Wave Wallet integrates a launchpad for Sui apps, offering users enhanced discoverability, accessibility, and gamified features.
How to Upload Files and Folders to GitHub: A Beginner's Guide
Learn how to upload files and folders to GitHub repositories using GitHub.com and the terminal. Detailed steps for beginners.
Dune Partners with Conduit for BOB L2 Integration
Dune Catalyst announces a strategic partnership with Conduit to integrate BOB L2, aiming to expand its product offerings and accommodate more chains rapidly.
Sui Gas Pool Enhances Transaction Sponsorship for Developers
The Sui Gas Pool service allows developers to efficiently sponsor gas payments for transactions at scale, streamlining user onboarding and handling high concurrency needs.
Sui Grants Program Announces First Cohort of RFP Awardees
The Sui Grants program has selected its first cohort of RFP grant awardees, aiming to foster innovation within the Sui ecosystem.
DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed
DeepBook's deep liquidity, quick execution, and ease of integration give Sui DeFi protocols a competitive edge.
Sui Blockchain Sees Rapid Growth in Move Developer Community
Electric Capital's latest report highlights Sui's rapid growth in the Move developer community, showcasing significant increases in developer activity and engagement.
Critical RCE Vulnerabilities Discovered in Kafka UI
Researchers identified three critical remote code execution (RCE) vulnerabilities in Kafka UI. Users are advised to upgrade to version 0.7.2 to mitigate risks.
Exploring the Architecture of Sui Bridge: A Trust-Minimized Solution
Sui Bridge offers a secure, trust-minimized approach to asset transfer between Sui and other blockchain networks, enhancing interoperability and adoption.
Eternal Paradox Season 5 Nears Climax with Final Battle for The Ring
Season 5 of Eternal Paradox is reaching its peak as players prepare for the final battle for The Ring. Guilds have showcased their prowess, but the ultimate showdown is imminent.
Amazon AWS Adds Sui Support to Node Runners Service
Amazon's AWS extends its Node Runners service to support Sui, simplifying the deployment of Sui nodes for infrastructure developers.
Riot Platforms Acquires Block Mining to Boost Capacity to 2 Gigawatts
Riot Platforms, Inc. has acquired Block Mining, Inc., significantly expanding its operational and power capacity in the Bitcoin mining sector.
Sui Foundation Awards Grants to Innovative Web3 Projects
The Sui Foundation announces its latest grant recipients for May-July 2024, supporting projects that enhance the Sui ecosystem.
Sui Community Fights Scams with Sui Guardians Initiative
The Sui community launches Sui Guardians to combat scams and enhance user security, led by Suiet and the Sui Foundation.
Movement Labs to Enhance Liquidity and Community of MoveVM-Based L2 Chains with AggLayer
Movement Labs announces integration of MoveVM-based L2s with AggLayer, aiming to unify liquidity and user bases across aggregated chains.
Hong Kong Monetary Authority Reports Decline in Negative Equity Mortgage Loans for June 2024
The Hong Kong Monetary Authority's survey reveals a decrease in residential mortgage loans (RMLs) in negative equity by end of June 2024.
Mysten Labs Introduces Mysticeti to Improve Sui's Consensus Performance
Mysten Labs Chief Scientist George Danezis details how Sui's new Mysticeti consensus engine reduces latency and enhances user experience.
Binance to Update Margin Liquidation Fees on August 12, 2024
Binance announces updates to its margin liquidation fees effective August 12, 2024, aiming to protect users and ensure market stability.
Sui Bridge Test Program Reveals Key Bug Fixes and Insights
The Sui Bridge incentive program, conducted in June, identified bugs and gathered insights for a smoother bridging experience. Over 184,000 transactions were completed.
A Comprehensive Guide to Getting Started with Sui (SUI)
Learn how to set up a wallet, use on-ramps, and bridge assets to get started with the Sui (SUI) ecosystem.
DeepBook Expands Sui's Liquidity Layer with New Use Cases
DeepBook, Sui's native liquidity layer, explores new use cases including perpetual futures, lending, and payments, enhancing DeFi protocols on the platform.
Exploring DeFi on Sui: A Comprehensive Guide
Discover the unique features and applications of Sui's DeFi ecosystem, including borrow and lending protocols, DEXes, and NFT marketplaces.
George Danezis Discusses Mysticeti’s Impact on Sui’s Throughput and Latency
Mysten Labs' Chief Scientist, George Danezis, elaborates on Sui's new consensus engine, Mysticeti, and its influence on throughput and latency.
George Danezis Discusses Development of Mysticeti for Sui Blockchain
Mysten Labs' Chief Scientist, George Danezis, explains the development and impact of the Mysticeti consensus engine on the Sui blockchain.
Tether to Defend Against Celsius' $2.4 Billion Lawsuit
Tether faces a $2.4 billion lawsuit from Celsius Network over a 2022 agreement, vowing to defend against the claims in court.
Exploring Spreadsheet, Generative, and Collaborative UI/UX for Agents
Discover the latest in spreadsheet UX, generative UI, and collaborative UX for agents, as highlighted by LangChain Blog.
Staking and Liquid Staking on Sui: A Comprehensive Guide
Learn how to stake and utilize liquid staking on the Sui network. Understand the process, benefits, and how to get started.
Turtle.Club Introduces Phantom Liquidity to Eliminate DeFi Risks
Turtle.Club's Phantom Liquidity model eliminates counterparty and smart contract risks, offering a safer alternative for DeFi enthusiasts.
Startups Urged to Hire Recruiters Early for Optimal Growth
Startups are encouraged to hire recruiters among their first ten employees to ensure successful scaling and avoid common pitfalls.
Sui Implements Shared Custody Model for Enhanced Decentralized Finance
Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications.
Binance Announces Updates to Spot Liquidity Provider Program
Binance is set to update its Spot Liquidity Provider Program on September 9, 2024, introducing new benchmarks and qualifications.
DeepBook Enhances DeFi Capabilities with Version 3 Launch
DeepBook unveils Version 3 on Sui Testnet, introducing key features like reduced gas fees and dynamic trading fees to enhance DeFi protocols.
Immutable (IMX) Integrates Squid for Seamless Cross-Chain Token Bridging
Learn how to bridge tokens across different chains using the Immutable (IMX) Toolkit, now integrated with Squid for enhanced functionality.
Binance Integrates Yield Guild Games (YGG) on Ronin Network, Enables Deposits and Withdrawals
Binance has completed the integration of Yield Guild Games (YGG) on the Ronin network, opening deposits and withdrawals for users.
DARKTIMES Introduces Medieval Brawler Royale on Sui Blockchain
DARKTIMES, a medieval brawler royale game, leverages Sui blockchain for enhanced Web3 player engagement and asset ownership.
Tether Collaborates with Rezo Money to Enhance Blockchain Education in Guinea
Tether and Rezo Money team up to promote blockchain education in Guinea, aiming to boost digital literacy and financial inclusion.
Bitfinex Rolls Out Version 1.102 With Key UI and Performance Enhancements
Bitfinex has released Version 1.102, featuring multiple improvements and fixes aimed at enhancing user experience and platform performance.
Artfi Leverages Sui Blockchain to Democratize Blue-chip Art Investments
Artfi uses Sui's dynamic NFT technology to fractionalize high-end artworks, making blue-chip art investments accessible to a wider audience.
SuiPlay0X1: Innovative Web3 Gaming Handheld Opens Preorders
SuiPlay0X1, the first Web3 gaming handheld, starts preorders at $599. Integrates Sui games and Steam for a unique gaming experience.
Bitfarms Reports August 2024 Production and Strategic Expansion
Bitfarms announces acquisition of Stronghold Digital Mining, reports August 2024 BTC production, and outlines significant expansion plans.
Injective (INJ)Launches Tokenized Index for BlackRock's BUIDL Fund
Injective (INJ)introduces the first-ever tokenized index for BlackRock's BUIDL Fund, offering innovative on-chain financial instruments to users.
AUSD Stablecoin Now Integrated with Sui Network
AUSD stablecoin launches on Sui, enhancing the network's utility, accessibility, and interoperability, according to The Sui Blog.
Bitfarms Addresses Riot's Misleading Claims Amid Acquisition Talks
Bitfarms responds to Riot's claims, emphasizing its commitment to shareholder value and strategic acquisitions.
SuiNS Highlights Milestones and Future Vision
Explore how SuiNS evolved from a naming service to a community-driven identity solution and its future plans for decentralization and $NS token launch.
NVIDIA Explores Generative AI Models for Enhanced Circuit Design
NVIDIA leverages generative AI models to optimize circuit design, showcasing significant improvements in efficiency and performance.
USDC and Cross-Chain Transfer Protocol to Launch on Sui Network
The Sui Network is set to integrate USDC, enhancing DeFi utility and interoperability through increased liquidity and streamlined transactions.
Exploring Blockchain Data Models: UTxO, Account-Based, and Sui's Object-Oriented Approach
A deep dive into blockchain data models: UTxO, account-based, and Sui's object-oriented approach, highlighting their impact on scalability, security, and user experience.
Understanding Liquidity in the Web3 Ecosystem
Liquidity is vital in Web3, enabling efficient trading and stable prices. Learn how liquidity pools and providers support decentralized platforms.
SuiNS Unveils Governance Voting and Rewards Mechanism
SuiNS introduces a decentralized governance model, empowering the community with voting rights and rewards to shape the platform's future.
Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui
Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.
Circle Provides Guide for Migrating Bridged to Native USDC on Sui Mainnet
Circle has released a comprehensive guide detailing the migration process from bridged USDC to native USDC on the Sui Mainnet, emphasizing best practices and benefits.
USDC Launches on Sui Mainnet, Boosting DeFi Ecosystem
USDC, a major stablecoin, is now available on the Sui Mainnet, enhancing liquidity and value transfer within the DeFi ecosystem as Sui's TVL surpasses $1 billion.
Anichess Partners with Yield Guild Games for Southeast Asia Expansion
Anichess launches its public alpha and partners with Yield Guild Games to enhance distribution in Southeast Asia, highlighting its innovative chess-based strategy game and expanding Web3 gaming.
Circle Launches Native USDC on Sui Blockchain
Circle has introduced native USDC on the Sui blockchain, enabling seamless access to USDC liquidity without bridging. This development supports Sui's expanding ecosystem of over 85 applications.
Huobi Global Acquires Bitex To Expand Latin America in Market Share
Huobi Global is looking to expand its portfolio and strengthen its presence in Latin America following its acquisition of Bitex crypto exchange.
CoinFLEX to Sue Robert Ver to Recover $84m Outstanding Debt
CoinFLEX is facing bankruptcy fears after its big longtime crypto investor Roger Ver who failed to repay a debt now totals $84 million dollars. The exchange said they are taking legal action against Roger Ver.
INX to Tokenize and List Casper Labs Equity on Regulated ATS Platform
INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced on July 19, 2023, that it will tokenize and list the equity of Casper Labs, a leading enterprise blockchain software provider.
Su Zhu Worried About Jail Term Over Liquidators Class Action Settlement - Report
The Singapore High Court recently approved liquidators to begin liquidating Three Arrows Capital’ remaining assets. Su Zhu worries that his firm (Three Arrows Capital) may not be able to fully comply with the liquidators’ demands, and therefore fears that they could face fines or jail.
‘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.
Arbitrum DAO Approves Additional Funding for STIP Proposals
Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.
Conflux to Deploy Uniswap v3 on Network
Conflux plans to deploy Uniswap v3 on its network, offering access to millions of potential new users in the Chinese and Asian markets. The move comes after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange. Conflux has experienced a spike in traffic in the first quarter of 2023 and has a market capitalization of nearly $1 billion.
Google Makes $1B Equity Investment in CME Group, Both Firms Chart a Decade Long Partnership
Search engine and cloud service giant Google has invested the sum of $1 billion to take up a non-voting equity stake in CME Group.
Cboe Digital Set to Launch Bitcoin and Ether Futures Trading in January 2024
Cboe Digital, the first US-regulated crypto native exchange, will launch Bitcoin and Ether futures trading, enhancing capital efficiency and market liquidity.
UK Investment Firm Abrdn Acquires Online Crypto Broker Interactive Investor
The transaction will give Abrdn a platform that allows global customers to trade cryptocurrencies as well as other principal investments.
Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges
The Kin Foundation has disclosed that both itself and the cryptocurrency has survived the dispute with the US SEC.
Coin Center Sues IRS For Unconstitutional Tax Reporting Rules
Coin Center, a Washington DC-based non-profit research and advocacy centre, has filed a lawsuit against the United States Treasury and the Internal Revenue Service (IRS) for a tax reporting requirement it wants to pass into law.
Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.
Ripple Launches Crypto On-Demand Liquidity Service in Brazil
The Travelex Bank has partnered with Ripple to use the crypto on-demand liquidity service to offer a better customer experience to their customers.
SEC to Make a Move on Suing Ripple over XRP Cryptocurrency as Christmas Holidays Kick In
Ripple CEO Brad Garlinghouse revealed that a lawsuit may be in the works against his fintech company for XRP cryptocurrency sooner than later.
Voyager Digital Suspends Crypto Trading, Deposits & Withdrawals
Digital asset broker Voyager Digital said halting all customer trading, deposits, withdrawals and loyalty rewards was the right one given the current market conditions.
Quiznos Testing Payment Feature to Allow Customers Pay in Bitcoins
Quiznos chain of restaurants will accept Bitcoin starting mid-August.
Sushi Launches on Filecoin, Expanding Decentralized Exchange Services
Sushi, a prominent decentralized exchange, is now integrated on Filecoin, enhancing its cross-chain capabilities and launching a special NFT to commemorate the collaboration.
Metis Launches Decentralized Liquid Staking in Layer 2 Revolution
Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.
Goldman Sachs Starts Trading Bitcoin Futures, Taps Galaxy Digital as Liquidity Provider
Goldman Sachs has partnered with Galax Digital to help the US investment bank offer Bitcoin futures products.
Brad Garlinghouse Stated that Ripple does not Lag behind Bitcoin's Energy Usage FUD
Ripple CEO Brad Garlinghouse recently responded to allegations related to the company's role in spreading the fear, uncertainty, and doubt (FUD) of Bitcoin's energy use.
Bitcoin and Ethereum Bounce 3% After Liquidating Over $160 Million
Bitcoin's price dropped to $24,900 due to bearish sentiment and news, leading to over $160 million liquidation. However, a bullish RSI divergence boosted Bitcoin's rebound by over 3%.
Bitcoin Miner Integrated Ventures Sees Decline in Annual Revenue Despite Higher BTC Production
Integrated Ventures Inc. reported a yearly mining revenue of $3,862,849, despite an increase in Bitcoin production to 162.71 BTC in 2023 from 108.29 BTC in 2022. The dip in revenue is attributed to the declining cryptocurrency market with the average dollar value of mined Bitcoin dropping significantly.
WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid is suing WhaleFin for €20 million over a terminated €40 million sponsorship deal, claiming financial losses and potential reputational damage.
Japanese Exchange Liquid Exchange Hacked, $80M Cryptocurrency Assets Transferred for Safety
Online cryptocurrency exchange Liquid Exchange was attacked by hackers and transferred approximately $80 million worth of cryptocurrency, confirmed by the exchange.
Legal Battle between Ripple Labs and SEC Seek End Game
The Ripple-SEC legal case has entered into the summary judgment phase. Both parties are seeking a speedy close to the lawsuit.
HashKey Launches Wealth Management Platform for Institutional Investors
HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.
Square to Acquires 'Buy Now, Pay Later' Payment Company Afterpay for AU$39B
The digital commercial payment giant Square announced on Sunday to acquire the Australian payment platform Afterpay for 39 billion Australian dollars.
FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures
FTX CEO Sam Bankman-Fried faced court examination on risk management after 2020 incident. BitMEX Research detailed discussions on "Allow Negative" code change, growth, and SBF's personal and professional entanglements.
DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem
The ambitious DeFi liquidity project, Paradigm labs are shutting down its operations citing an inability to build a resilient business within the DEX ecosystem.
Deepak Chopra Partners with Hedera Hashgraph to Leverage Blockchain for COVID-19 Mental Health Support
Renown Indian-American author Deepak Chopra discussed how blockchain technology could help in improving mental health during the current pandemic crisis.
Sui Network Redirects Additional 40M SUI, Totaling 157 Million
The Sui Foundation has redirected an additional 40 million SUI tokens towards ecosystem and community development, adding to the previous 117 million SUI, making a total of 157 million SUI. This reallocation aims to bolster the DeFi ecosystem of Sui Network, which has shown a significant uptick in total value locked, marking over 100% increase in the last two months. The initiative follows a series of remarkable achievements by Sui, underscoring its commitment to fostering a robust ecosystem for decentralized applications and financial protocols.
Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity
To gain durable decentralized liquidity, Nexus Mutual, an Ethereum-based insurance platform, staked treasury funds worth $2 million in the form of wrapped NXM (wNXM) tokens in decentralized trading protocol Bancor.
US CFTC Holds Meeting on Stablecoins Joined by Paxos, MakerDAO and JPM Coin Executives
The United States Commodity and Futures Trading Commission (CFTC) held a meeting earlier this week to study the potential impact of the stablecoin industry. The derivatives regulator met with stablecoin industry experts to understand its future implications.
MoneyGram Continues to Receive Millions in Development Fees From Ripple
Ripple continues to pump money into MoneyGram remittance services in market development fees as compensation for providing liquidity to its ODL XRP network.
AI : Experts Predict Human-Level Intelligence Within Decades
A 2023 Oxford University survey forecasts a 50% chance of AI surpassing human performance in a decade, potentially reshaping jobs and industries by 2116. This rapid AI development calls for equitable access and bias mitigation.
Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan
Liquid Inc. teams up with Binance to provide eKYC identity verification in Japan, leveraging AI-based facial authentication for secure and compliant user verification.
Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking
Binance Labs, Puffer, Ethereum Staking, DeFi, Liquid Restaking, EigenLayer, Blockchain Innovation, Decentralization, Cryptocurrency Investment, DeFi Development
Ripple Files Lawsuit Against YouTube Over Cryptocurrency Investment Scam
Ripple crypto firm has hit YouTube with a lawsuit accusing the streaming platform of failing to take action against crypto scams that impersonate the cryptocurrency company.
ISIS Millions Could Be Hidden in Cryptocurrency Ready-to-Fund War Chest
There is fear that missing ISIS’s £246 million may have been hidden in cryptocurrency waiting to be used for war chest.
Quantinuum Secures $300 Million in Landmark Quantum Computing Funding Round
Quantinuum secures a significant $300M equity fundraise at a $5B valuation, led by JPMorgan Chase, Mitsui, Amgen, and Honeywell, marking a major stride in the quantum computing sector and boosting development of fault-tolerant quantum computers.
Scallop Protocol Secures $3 Million Funding
Scallop Protocol, a leading DeFi platform on Sui Network, successfully raises $3M in strategic investment round for expansion.
First Citizens Bank to Acquire Silicon Valley Bank Deposits and Loans
First Citizens Bank will acquire all deposits and loans of Silicon Valley Bank after its collapse following rumors of a liquidity crisis. The FDIC has approved the purchase and assumption agreement, and Silicon Valley Bank depositors will become depositors of First Citizens Bank. The North Carolina-based bank is now the 30th largest commercial bank in the US.
Zipmex Misses Buyout Payment
Cryptocurrency exchange Zipmex has missed the latest payment under its buyout agreement with venture capital firm V Venture. Without the $1.25 million payment, the Singapore-based exchange warned it may have to begin liquidating one of its units and suspend payroll.
SushiSwap CEO Proposes New Token Model
SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.
Thailand's Commercial Bank SCB Terminates Deal to Acquire BitKub Crypto Exchange
Siam Commercial Bank (SCB), the oldest commercial banking institution in Thailand has announced the effective termination of its proposed deal to acquire the BitKub exchange.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
Terraform Labs co-founder defends against SEC allegations
Do Kwon, co-founder of Terraform Labs, has defended himself against allegations of fraud from the US Securities and Exchange Commission (SEC). Kwon’s lawyers have requested the dismissal of the lawsuit, claiming that the SEC's allegations are unfounded and that US law prohibits regulators from asserting jurisdiction over the digital assets in question. The lawyers also argued that the SEC failed to prove Kwon’s involvement in the collapse of Terra’s stablecoin, UST.
Iran Court Releases Crypto Mining Equipment
In June 2022, Iran's energy usage reached 62,500 megawatts (MW). Iran currently holds 0.2% of the Bitcoin hash rate, up from 0.12%. Crypto-mining equipment confiscated to preserve energy was released by a judge.
XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation
XRP has slid below the $0.50 level and is down by 9%, as news that the US Securities and Exchange Commission will sue Ripple has broken out.
XRP Holders File Motion to Intervene in Ripple Case as SEC Blamed for Causing "Multi-Billion-Dollar Losses"
On behalf of XRP holders, attorney John E. Deaton has filed a motion to intervene in the lawsuit opposing Ripple Labs and the SEC.
Magic Eden and Pudgy Penguins Forge Strategic NFT Marketplace Alliance
Magic Eden and Pudgy Penguins have partnered to improve the NFT ecosystem, leveraging Pudgy Penguins' marketplace optimization expertise and exploring innovative virtual world and game integrations.
NFT will Become the Revenue Model of Metaverse,Co-founder of Tether William Quigley says
William Quigley, the co-founder of the stablecoin- Tether (USDT), said the business model would undergo radical changes in the future. The delivery of non-fungible tokens (NFTs) will become the revenue model of Metaverse and Crypto.
Crypto Firm BitGo Files $100m Lawsuit against Galaxy Digital for Breaching Acquisition Deal
Last month, Galaxy scrapped a plan to acquire BitGo for $1.2 billion. In its lawsuit, BitGo demands $100 million for damages following Galaxy’s termination of the merger deal.
London Stock Exchange Acquires Cloud-based Tech Provider TORA for $325M
London Stock Exchange Group (LSEG) plans to buy U.S. cloud-based technology provider TORA for $325 million. The deal will add digital currency assets to its exchange to meet growing investor demand for diversified investment tools.
What is Liquid Staking?
Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community.
Arthur Hayes Talks about BTC and SPX Post U.S. BTC ETF Launch
Arthur Hayes has highlighted the evolving relationship between Bitcoin and the S&P 500, raising questions about market dynamics, liquidity, and future asset trajectory.
Hedera Mainnet Exploited, Leading to Theft of Liquidity Pool Tokens
Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability.
ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite
ARK Invest and 21Shares have launched a suite of digital asset ETFs, combining crypto-specific insights with traditional investment indicators, focusing on Bitcoin and Ether futures.
XRP Investors Looking to Join XRP Case Trigger Different Reactions from The SEC and Ripple
While the Securities and Exchange Commission has opposed XRP holders' motion to intervene, Ripple seems to think it should be approved by the court.
Elliptic Discovery Established to Seamlessly Assist Banks in Crypto-Asset Decisions
Elliptic, a London-based provider of crypto-asset risk management solutions, has revealed the launch of Elliptic Discovery, a database of more than 200 worldwide crypto exchanges, that is purposely built for banks in their quest to determine the flow of funds into and out of crypto-assets.
Kraken Brings Crypto Asset Liquidity to Skrill and Neteller
Paysafe, a leading specialized payments platform has chosen US-based cryptocurrency exchange Kraken as their crypto asset liquidity provider.
Coinbase and Brian Armstrong Named as Defendants in a Securities Lawsuit
Coinbase Global Inc, Coinbase Inc, and Brian Armstrong have been named defendants in a class-action lawsuit. Three leading exchanges are accused of without sharing the required risks involved in trading as many as 79 different tokens.
Coinbase Backs Lawsuit against US Treasury over Tornado Cash Sanctions
A group of crypto users are challenging the US Treasury Department's sanctions of Tornado Cash in court. Coinbase is backing the legal action.
Coinbase Sued For Failing to Grant Wallet Access During Volatility
The lawsuit against Coinbase was filed by George Kattula on behalf of the aggrieved users of the exchange who claimed the firm did not grant them access to their crypto wallets during periods of price volatility.
China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining
Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, according to local media, citing an acute power shortage.
Trade Finance Platform We.Trade on the Brink of Liquidation, Report says
We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.
Has Judgement Finally Come for 2017 ICOs? Class Action Lawsuits Name Binance, BitMEX and Block.One Among Host of Crypto Defendants
Crypto Giants Binance, BitMEX, along with Executives CZ, Arthur Hayes Named Among Defendants in 11 Class Action Suits For Violating Securities Laws.
Elon Musk Refutes xAI's $500 Million Investment Claims Amid Valuation Speculations
Elon Musk denies Bloomberg's claims of his AI company, xAI, securing $500 million toward a $1 billion goal and discusses a $15-20 billion valuation. Musk refutes these reports as inaccurate.
TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources
Justin Sun, the founder of TRON, is reportedly to be the real buyer for the acquisition of Huobi Global, according to sources with the matter.
Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024
DeFi TVL nearly doubled in Q1 2024, reaching $98 billion, partly due to Ethereum's liquid restaking initiatives. However, a recent crypto market pullback has led to a decline to $86.6 billion.
MATIC: Polygon zkEVM Prepares for Dragon Fruit Upgrade
Polygon ($MATIC) has announced its Dragon Fruit upgrade on September 10, ForkID5, which introduces the latest Ethereum opcode, PUSH0, and a non-critical RLP parsing bug fix. The upgrade will be implemented on Polygon's zkEVM Mainnet Beta, with a 10-day timelock for users and developers.
Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem
Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.
US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.
Fighting Ransomware: Chainalysis Acquires Cyber-Security Firm Excygent
Chainalysis, a blockchain data analytics, and security platform has announced its acquisition of cybercrime investigative company Excygent.
Mysten Labs Announces Bullshark Quest 2 with 5M SUI Reward Pool
Mysten Labs launches Bullshark Quest 2 on July 28, 2023, offering a 5M SUI reward pool. Open to SuiFrens Bullshark or Capy holders, participants earn points via dApps engagement.
Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin
Nilam Resources, Inc. has entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity named MindWave. The entity will hold 24,800 Bitcoin, serving as collateral for investment in high-yield generating projects. This strategic acquisition marks a significant milestone for Nilam Resources, Inc., adding over a billion dollars in digital assets to its portfolio.
Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
Bitfarms has now relied on sales of some of its mined Bitcoins and borrowings to fund its capital expenditure and improve its liquidity.
Bitget Seeks 3x Workforce Expansion Amid Ongoing Layoffs
The emerging derivatives exchange platform, Bitget has announced plans to power its ongoing ecosystem growth by adding about 500 more new employees.
MicroStrategy's Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
Adam Cochran discussed MicroStrategy's financial quandary due to its 2025 and 2028 convertible notes amidst its extensive Bitcoin holdings. Failure to address the 2025 note could lead to a 15% equity dilution, while refinancing could spike yield rates. Options like leveraging Bitcoin or selling it to cover debts were explored, with the latter potentially causing a dip in market confidence. Cochran hinted that the year-end decisions could significantly impact how MicroStrategy navigates its debt come 2024.
Kraken Joins Consortium to Support, Build Liquid Staking Protocol
Crypto exchange Kraken has joined a consortium meant to support and build an enterprise-grade liquid staking protocol dubbed Liquid Collective.
Coinbase in Talks to Buy Turkish Crypto Exchange BtcTurk
Coinbase is reportedly in talks to acquire Turkey’s BtcTurk cryptocurrency exchange. The deal could be worth up to around $3.2 billion.
German Crypto Neobank Nuri to Sets Date to Close its Business
German crypto Neobank, Nuri is closing shop later this year
Binance Sues Bloomberg Businessweek's Publisher for Defamation in HK
Binance CEO, Changpeng Zhao, sued Bloomberg’s Hong Kong media partner- Bloomberg Businessweek's publisher, for allegedly misleading publications resulting in damaging Binance’s reputation.
3AC Co-Founder Reappears, Blames Liquidators for 'Baiting'
Su Zhu, Three Arrows Capital co-founder, has revealed fresh details behind the collaboration between the prominent hedge fund firm and its liquidators.
Nytro Chain Offers A Seamless Transaction Experience For The Avalanche Network With Its Built-in Multi Payment Function
Nytro Chain is designed for high-volume transactions and has a built-in multi-payment function that allows senders to send digital assets to multiple wallet addresses
Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price
Bitcoin ultimately has a total supply of 21 million coins, some of which has not been mined yet; considering lost coins, the actual supply is way fewer.
SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy
The SEC has withdrawn its lawsuit against Debt Box, accusing it of a $50 million fraudulent scheme, paving the way for future charges and a significant shift in crypto firm regulatory landscape.
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.
New York Files Lawsuit Against Coinseed Crypto Platform for Allegedly Defrauding Thousands of Investors
New York State Attorney General, Letitia James, has filed a class-action lawsuit against Coinseed crypto platform and the company’s executives for defrauding investors more than $1 million to enrich themselves between 2017 and 2018.
DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes
Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.
Judge Dismisses Antitrust Suit Against Apple Over Apple Cash
US District Judge has dismissed an antitrust lawsuit targeting Apple, where Venmo and Cash App users claimed Apple Cash had an anti-competitive edge.
Andreessen Horowitz Hires Former CFTC Commissioner Brian Quintenz To Bolster Regulatory Expansion
The appointment of Brian Quintenz shows a sign of growing importance of compliance and regulation at Andreessen Horowitz.
Ripple Blasted by Investor Tetragon for Playing “Word Games” in $175M Stock Buyback Lawsuit
Along with the heat Ripple is currently facing from the Securities and Exchange Commission, one of its leading investors has also turned against it.
Alpaca Debuts Private Equity Real Estate
Alpaca, a New York-based alternative investment firm, has launched a private equity real estate platform, Alpaca Real Estate (ARE), led by Daniel Carr and Peter Weiss. The platform, with significant backing from GCM Grosvenor, aims to leverage technology and operational strategies to enhance real estate investment returns amid current market dislocations.
JPMorgan to Acquire First Republic Bank Assets
JPMorgan Chase is set to acquire First Republic Bank's assets after the troubled bank was closed by regulators. JPMorgan will assume all assets, including uninsured deposits, and enter into a loss-sharing agreement with the FDIC.
Yuga Labs Files Lawsuit Against Artist Producing BAYC Copycat Collection
Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection has filed a lawsuit against digital artist Ryder Ripps and several associates for producing a copycat version of Bored Apes
Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module.
Consensys Files Lawsuit Against SEC Over Ethereum Regulation
Consensys, a software development firm, has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners, claiming the SEC plans to regulate Ethereum as a security, highlighting the ongoing debate on cryptocurrencies' regulatory classification and potential industry impact.
Elon Musk Sued by Twitter Investors for Delayed Disclosure
A group of investors sued Elon Musk to save himself about $156 million for failing to disclose that he had purchased more than 5% of Twitter shares by March 14.
Ripple Fires Back at SEC over Its Legal Complaint of XRP as Pretrial Looms
Ripple has fought back against the Securities and Exchange Commission (SEC)’s legal complaint against XRP, hinting that the agency was overreaching.
Sequoia Capital's $213.5m Investments in FTX Marks Down to $0
Amid the liquidity crisis in FTX, Sequoia Capital announced to mark down its FTX investment to $0.
Russian Blockchain E-Voter Identities Can be Exposed Through Vulnerability
On the final day of Russia’s vote on the proposed constitutional amendments—a vulnerability in the blockchain-based system that allows user’s votes to be decrypted has been exposed by Russian media.
Bitwise CIO Matt Hougan Discusses Amended Spot Bitcoin ETF Application
Matt Hougan, CIO of Bitwise, used a Twitter thread to elaborate on the firm's amended spot Bitcoin ETF application. He emphasized the need to prove that the CME bitcoin futures market is a "regulated market of significant size" for surveillance purposes and highlighted Bitwise's history of original research in their ETF filings.
Crypto Trading Lesson 1 - Understanding the Fundamentals: Probability
Trading is a multifaceted activity that necessitates a profound understanding of various concepts and strategies. While the ultimate objective of trading is to generate profits, achieving this goal entails more than just the basic principle of buying low and selling high. The core concepts of trading encompass probabilities, risk management, opportunity identification, relative mispricing, and more.
SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO
The US Securities and Exchange Commission (SEC) has revealed that it has received a final judgment in a US district court action against Eran Eyal, the CEO and founder of Shopin token offering for carrying out an allegedly fraudulent ICO.
Coinbase Acquires Crypto Wallet Firm BRD
US-based crypto exchange Coinbase announced the acquisition of crypto wallet startup BRD, aiming to create more secure and reliable access to the encrypted decentralized world for users.
Bankman-Fried’s FTX In Advanced Talks to Acquire South Korea’s Bithumb
FTX, a 32 billion crypto exchange, is in discussions to buy its rival Bithumb exchange. The deal is reported to be in an advanced stage, though financial terms are still undisclosed.
MicroStrategy CEO Says the Software Firm Is Considering Equity or Debt Financing to Purchase More Bitcoins
MicroStrategy CEO Michael Saylor has said that he is considering issuing more debt to enable the company to buy more Bitcoins. He stated that it makes sense to purchase as much of the asset class as they can.
How is CoinMarketCap Combating Fake Crypto Trading Volumes with its New Liquidity Metric?
Crypto data aggregator, CoinMarketCap (CMC), held its inaugural large-scale event, The Capital, bringing together leading stakeholders in the blockchain and cryptocurrency space. Held at the Victoria Theatre in Singapore on Nov. 12-13, CMC released its new metrics for assessing liquidity for the industry to solve the problem of volume inflation caused by crypto exchanges and market makers
Crypto Miner Sphere 3D Sues Partner over Alleged Bitcoin Spoofing Attack
Sphere 3D, a crypto miner, has filed a lawsuit against Gryphon Digital Mining, its partner, after an alleged spoofing attack led to the irregular transfer of Bitcoin. Gryphon CEO allegedly wired BTC to a fraudster posing as Sphere 3D's CFO. Sphere 3D accuses Gryphon of violating their contractual duties and putting the company's assets at significant risk.
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.
Crypto Squid Collapses after Jumping More Than 310,000% in Value
Cryptocurrency Squid, inspired by the popular Netflix series Squid Game, collapsed on Monday after jumping more than 310,000% in value as of Sunday night.
Tackling DeFi Scams: Making Pre-sale Ecosystems Safer
Investors are aware that “rug pull” scams have negatively affected the reputation of the DEFI/DEX space in recent times. But liquidity protocols could be an effective solution.
The Graph Onboards The Guild as Subgraph Developer with $48M Grant
The Graph Foundation has awarded a $48 million grant to The Guild to help develop subgraph solutions to build the We3.0 ecosystem.
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes.
Paxos’ Blockchain Settlement Platform Goes Live with Settling Credit Suisse and Instinet Trades
New York-regulated stablecoin issuer, Paxos, launched its blockchain-based settlement platform, after announcing the service in late 2019. The new service enables settlement of US-listed equity trades between broker-dealers Swiss financial services firm Credit Suisse and Nomura Group-backed Instinet.
21Shares Launches Bitcoin ETP on Aquis Exchange
21Shares, a well-known cryptocurrency ETP issuer, announced today that it has cooperated with GHCO, an issuer-centric liquidity provider committed to building transparent and accessible financial markets to list Its Bitcoin ETP (ABTC) on the Aquis exchange.
Kraken Leaves Japan Again, Citing A Poor Crypto Market.
Kraken plans to leave Japan and deregister with the Financial Services Agency by January 31, 2023. Payward Asia Inc. runs Kraken's Japanese exchange. All impacted consumers may withdraw cash from the exchange before January 31.
Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions
Finastra and Microsoft Corp have announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services and help realise and open source future for finance.
Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot
Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.
FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance
The Financial Action Task Force (FATF) has published an assessment of the US’s compliance with its revised criteria for anti-money laundering (AML) and terrorist financing (CTF) through virtual assets and found that most virtual asset providers are compliant.
Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit
A second lawsuit has been filed against the fintech company Plaid, for violating user data privacy agreements they hold with major financial accounts that use Coinbase and Venmo.
Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill
Crypto businesses may be offered a regulated path to legalization in the state of Louisiana. The proposed bill has been backed by Louisiana state representative Mark Weight. Should the bill be passed, the state would have a regulated crypto framework to operate within and would provide an official definition of traditionally ambiguous cryptocurrency-related terms.
DWF Ventures Explores Innovations in Perpetual DEXs Landscape
DWF Ventures delves into perpetual DEXs, emphasizing the blend of decentralization and innovation. The discourse spans from perpetuals' inception in 2016 to notable DEX protocols like dYdX and HyperliquidX advancing the ecosystem. The narrative underscores the continuous innovation and the anticipation for future advancements in the perpetual DEX landscape.
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance faces a class-action lawsuit in Canada for allegedly violating securities laws by selling crypto derivative products to retail investors without proper registration, highlighting the significant presence of retail investors.
Ripple XRP Joins The Giving Block's Initiative for Maui Wildfire Relief
The Giving Block has added Ripple's XRP to its list of supported cryptocurrencies for Maui residents affected by wildfires. The platform pledges a 1:1 match for the first $500,000 donated to the Maui response fund, including cryptocurrencies, stocks, DAF grants, and cards.
FTX Exchange Acquires Japan-based Liquid Exchange
FTX Derivatives Exchange has acquired Japanese digital assets brokerage firm, Liquid Group, and its existing subsidiaries Quinone Corporation and Quinone Pte in Singapore.
78% of the Circulating Bitcoin Supply is Illiquid, a Clear Bullish Indicator as BTC is Being Hoarded
78% of the circulating Bitcoin supply is illiquid, and Glassnode noted that this is an indicator of bullish investor sentiment.
Court Denies XRP Holders’ Request to Take Part in SEC-Ripple Case
The court has denied the motion to intervene filed by XRP investors looking to take part in the Ripple case.
dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI
dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.
Digital Currency Group Suspends Payouts To Maintain Liquidity
Digital Currency Group (DCG) has suspended quarterly dividend payments. Genesis Global Trading, a crypto broker company, causes financial troubles. Genesis stopped withdrawals on Nov 16.
Covalent Rolls Out Educational Program to Bridge Skills Gap in Web3
Covalent, a Web3 data provider that is backed by Binance Labs and Coinbase Ventures, launched an educational program aimed at bridging the data analytics skills gap for workers in Web3.
Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation
In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.
California Proposes Crypto ATM Regulations Amid Rising Fraud
California lawmakers propose regulations on cryptocurrency ATMs to combat escalating fraudulent activities. The bill, dubbed "Digital Financial Asset Transaction Kiosks," recommends a daily withdrawal limit of $1,000 and a cap on operators' fees, with implementation eyed for January 1, 2024. While some victims of ATM scams applaud the measure, crypto ATM operators express concerns over the potential adverse impact on small operators.
3AC Withdraws $45m from Curve and Convex amid Bankruptcy
Three Arrows Capital (3AC) might have declared bankruptcy, but the firm is still conducting a number of robust transactions according to insights derived from on-chain data.
HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff
HSBC UK Bank, which acquired Silicon Valley Bank UK for just one pound, has reportedly approved multi-million-pound bonuses for its staff and senior executives. The bonus pool, totaling between £15m and £20m, was described as "modest" by insiders and was said to be in honor of previously agreed payments and to retain key staff.
Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date
The five market makers involved with Worldcoin's liquidity provision are approaching the loan settlement date of October 22. The recent on-chain activities reflect different strategies among these entities, possibly in anticipation of the settlement. The actions of these market makers could influence Worldcoin's market dynamics as the date nears.
Bitcoin Venture Capital Firm Ribbit Capital Files $350 Million Blank Check IPO with SEC
Ribbit Capital, an early Bitcoin VC firm, has filed for a $350 million initial public offering with the SEC leveraging its “blank check” structure.
British Virgin Island Court Orders the Liquidation of Three Arrows Capital
Earlier this week, a British Virgin Islands Court ordered the liquidation of the embattled crypto hedge fund, Three Arrows Capital (3AC), as the firm has proven beyond doubt that it cannot fulfill its debt obligations
Ripple XRP Continues Consolidating Its Value Above $0.6 New Support Level
Technical indicators show that XRP is likely to consolidate its price inside a range of the $0.60 support level and the 0.65 resistance level.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
Bentley University Rolls Out Crypto Payment Option for Tuition Fees
To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments.
Valkyrie to Liquidate Bitcoin Balance Sheet ETF following Low Customer Demand
The Valkyrie Balance Sheet Opportunities Fund is expected to liquidate on October 31, 2022.
Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit
Binance CEO, Changpeng Zhao, denies market manipulation allegations made by the CFTC. However, investors withdrew over 3,400 BTC from Binance within 24 hours of the lawsuit announcement, leading to a decrease in Binance's total Bitcoin balance while competing exchanges saw an increase.
Uniswap Foundation Announces Grant Recipients for V4 RFPs
The Uniswap Foundation announced the winners of its first round of RFPs for Uniswap V4 on November 1, 2023. The projects include developing a Deposit Liquidity Widget, creating an open-source design package, compiling POC hook developer documentation, and researching malicious hook design space.
FTX Quietly Seeks to Buy Brokerage Startups Amid Move into Stock Trading
FTX has reached out quietly to at least three stock trading start-ups seeking an acquisition. The deals come as the crypto exchange recently launched stock trading.
US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions
The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.
MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.
Apple Co-Founder Steve Wozniak Sues Google and YouTube Over Fraudulent Bitcoin Scam Videos
Legal team for Steve Wozniak, co-founder of tech powerhouse Apple, announced a lawsuit against YouTube and their parent company Google alleging that the media companies failed to take down fraudulent videos that impersonated Wozniak to drive Bitcoin funds.
TrueUSD Depegging Linked to Binance Launchpool Activities
TrueUSD (TUSD) depegged below its $1 parity, dropping to $0.97, amid significant selling on Binance and issues with real-time reserve attestations. The depegging was linked to activities on Binance Launchpool and raises questions about stablecoin stability and transparency.
Only in Crypto: John McAfee Admits "Copy-Pasting" PIVX Whitepaper, Wants to Sue them Nonetheless
McAfee’s crypto project “Ghost” was found to have plagiarised its entire whitepaper from another crypto firm, but instead of being apologetic, the entrepreneur threatens to sue PIVX, the project in question, for causing reputational damage.
The US SEC Charges DeFi Money Market and Founders with Fraudulent $30 Million Offerings
The US Securities and Exchange Commission has issued its first case involving the decentralized finance market by charging the founders of DeFi Money market for raising $30 million through fraudulent offerings.
1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report
According to a report shared by Hootsuite citing GlobalWebIndex, 11% of all Indonesians own some kind of cryptocurrency. The total population of Indonesia is just over 270 Million people which makes it the fourth most populous country on the planet.
SEC Enacts New Registration Mandate for Key Market Players to Bolster Oversight
The SEC introduced new rules requiring liquidity providers to register as dealers or government securities dealers in February 2024, aiming to improve market stability and transparency.
Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government
Steven Nerayoff, an early adviser to the Ethereum network, has filed a lawsuit against the United States government for false charges and mistreatment. The lawsuit, filed under the Federal Tort Claims Act, seeks $9.6 billion in damages for an extortion case. Nerayoff alleges that federal agents were aware of the baseless charges and engaged in harassment and intimidation tactics.
Binance.US Offers Institutional Liquidity to Tagomi Users in a Partnership Deal
Binance.US has partnered with Tagomi, a crypto brokerage firm, to offer institutional liquidity to its users in its cross-exchange trading platform.
Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem
Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.
Bolt to Acquire Wyre, Speeding up Mainstream Crypto Adoption
Bolt and Wyre Will drive cryptocurrency adoption forward to create more value for customers across the globe.
NFT Co-Founder Faces Lawsuit Over Crypto Wallet Dispute
Rebase co-founder Edmond Truong is being sued by Krzysztof Gagacki, who claims to be a co-founder of the nonfungible token (NFT) project. Gagacki alleges that Truong misappropriated $2 million into a separate wallet owned and controlled by him without his consent, ousting Gagacki from the firm and causing damage to his reputation.
Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange
A federal judge has denied a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange FTX. The plaintiffs, including Julie Papadakis, Michael Elliott Jessup, Stephen Pierce, Elliott Lam, and Russell Hawkins, accuse former FTX CEO Sam Bankman-Fried and other executives of misappropriating assets. While all the plaintiffs are pursuing Bankman-Fried, the cases also involve various other defendants, including outside auditors and exchange promoters. The judge pointed out that not all defendants had the opportunity to respond yet, and there's no need to consolidate before hearing their side.
Biden Appointed SEC Chair Gary Gensler is not Going to Save Ripple's XRP Token
Ripple CEO Brad Garlinghouse is celebrating President-elect Joe Bidens Decision to appoint Gary Gensler to SEC chair—but this will not make the lawsuit against XRP go away.
Three Arrows Capital Files for Chapter 15 Bankruptcy in the US
The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the State.
Ripple to Cash In One-Third of its Stake in MoneyGram
Leading blockchain payments company Ripple plans to sell a third of its stake in American money transfer firm MoneyGram.
Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund
Unchained, a bitcoin financial service provider, has partnered with Build Asset Management to invest in Unchained loans. The partnership aims to unlock the value of bitcoin for borrowers. Unchained's lending division has a 170% surge in Q1-2023, despite the 2022 crypto market contagion and bitcoin's 65% value drop.
Paxful CEO: COVID Economic Measures Add Fuel to Peer-to-Peer Bitcoin Renaissance in India
As the impact of the coronavirus pandemic continues to steer Central banks and monetary policy into new and creative directions, the market outlook has been drastically altered to view alternative assets such as Bitcoin as legitimate safe haven assets. Recent developments with the Reserve Bank of India lifting its crypto ban has also triggered a wave of cryptocurrency buying in the emerging economic superpower, and Paxful has been right at its centre.
EquitiesFirst Owes $439 Million In Debt to Celsius Network
The case is one of many issues facing Celsius Network. If EquitiesFirst agrees to pay the debt, then the struggling Celsius’ operations would be bolstered.
Exclusive: LabCFTC's Melissa Netram Talks Advancing Policy and Regulation in FinTech and Blockchain Through Times of Crisis
The United States Commodity Futures Trading Commission (CFTC) established LabCFTC as an initiative under the General Counsel’s office in 2017 aimed at promoting FinTech innovation and competition. The office has been very active with over 400 different private meetings held with innovators in the last three years. In addition, LabCFTC has published three primers in the marketplace based on their understanding of smart contracts, artificial intelligence, and crypto-assets.
Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan
Digital currency trading platform Liquid Exchange has tapped the Japanese license that now qualifies it as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act.
Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application
Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.
Crypto Liquidity Provider B2C2 Acquires Woorton, Strengthening European Crypto Presence
B2C2, a leading crypto liquidity provider, has acquired Woorton, a leading European entity in market-making and over-the-counter transactions for the digital asset sector. Woorton, majority-owned by SBI, has facilitated institutional access to cryptocurrencies and has a clientele of around 250. The acquisition aims to expand B2C2's client base in Europe and tap into client growth opportunities beyond the UK, Asia-Pacific, and USA.
Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award
OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.
The University of Pennsylvania Wharton School to Accept Crypto for Tuition Fees
Wharton business school of the University of Pennsylvania has announced that it is developing a new online executive education program that will allow students to pay for tuition fees with cryptocurrencies.
FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security
FTX Japan has introduced a blockchain-based Proof of Solvency (PoS) to ensure the transparency and security of its customer's assets. The PoS, announced on September 28, 2023, by COO Seth Melamed, enables the objective verification of asset management, allowing customers easy access to verify their balances. The details of PoS will be published weekly on the Ethereum blockchain, marking a significant step towards enhancing trust and transparency in the cryptocurrency ecosystem.
Lee Jung-Hoon, Former Bithumb Chair Acquitted In First Instance
The 34th Division of the Criminal Agreement of the Seoul Central District Court acquitted former Bithumb chair Lee Jung-hoon on Jan. 3. He was charged with fraud under the Act on Aggravated Punishment of Specific Economic Crimes. Since October 2018, the previous chairman is accused of defrauding 100 billion won ($70 million) during takeover discussions.
Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement
In its lawsuit, Jason Stone, a former manager at Celsius Network, has accused the crypto lending firm of engaging in fraudulent deals, including price manipulation of Celsius's token.
Terraform Labs Sues US SEC for Illegally Issuing a Subpoena on its CEO
Terraform Labs, the Singapore-based blockchain startup behind the Terra protocol has filed a lawsuit against the United States Securities and Exchange Commission for allegedly issuing an illegal Subpoena on its Chief Executive Officer.
TikTok Crypto Influencers Mislead Viewers
More than one-third of cryptocurrency influencers on TikTok have posted misleading videos about Bitcoin and other cryptocurrencies, according to a recent study. Many of these influencers fail to provide disclaimers warning users about the risks of investing in cryptocurrencies. Moreover, many are pushing services and investments for their own profit, without disclosing the payments they receive. The potential financial risks for unwary investors are high, with one in three misleading videos on TikTok mentioning Bitcoin. Viewers are advised to do their own research before making any investments.
Thai Bank SCB Acquires Local Crypto Exchange Bitkub for $536.7M
Thailand’s oldest bank Siam Commercial Bank Plc (SCB), has completed the acquisition by acquiring a majority stake of local cryptocurrency exchange Bitkub.
XRP Price Slumps as SEC’s Ripple Lawsuit Worries India’s Crypto Exchanges
US lawsuit against Ripple blockchain company worries crypto exchanges in India.
SEC Pushes Back against Ripple’s Lack of Fair Notice Argument
The SEC has filed a motion to dismiss Ripple’s lack of "due process and fair notice" defence, which pinpoints that the fintech firm had not been warned beforehand that XRP was in violation of securities laws.
Circle Doubles Value to $9B with New Deal with Concord Acquisition Corp
Fintech company Circle Internet Financial has revamped its merger agreement with Concord Acquisition Corp (NYSE:CND) through a special purpose acquisition, doubling its valuation to $9B from the $4.5 billion initially announced in July 2021.
PwC Reports Huge Shift in M&A and Fundraising from US to Asia and EMEA in 2019
In 2019, crypto fundraising and M&As began migrating over to Asia, Europe and the Middle East and saw a lack of new VC investments as the majority of funding came from crypto firms within the industry, according to PWC’s latest report released on April 6.
Short-Term Holders Dominate Primary Driver for Bitcoin's Liquidation amid Ukraine Crisis
Analysis by IntoTheBlock shows that short-term holders have been the primary catalysts of the present leg down as they continue liquidating their BTC investments.
Second Circuit Court Order's Terraform Labs and Do Kwon to Comply With SEC's Subpoena
The 2nd US Circuit Court of Appeals has upheld a ruling that compels blockchain startup Terraform Labs and its co-founder Do Kwon to comply with a September 2021 Subpoena that served him at a New York Conference.
SEC Accused by Ripple of Using Improper Intimidation Tactic to Extract XRP Info During Discovery
The SEC is appealing to foreign regulators to obtain information on Ripple and XRP, invoking the Memoranda of Understanding (MOU) to justify their demand.
Ripple Rolls Out On-Demand Liquidity Solutions in Sweden and France
To render seamless and real-time cross-border payments, Ripple, a leader in blockchain and crypto enterprise solutions, has established On-Demand Liquidity (ODL) solutions in France and Sweden.
Nexo Offers to Acquire Vauld Group after Celsius's Cold Treatment
Nexo’s plan to buy a cryptocurrency lender may be coming to fruition as the company has shown interest in acquiring Vauld Group.
Canadian Dollar Payments on Blockstream’s Liquid Network Boosting Bitcoin Adoption Powered by Bull Bitcoin
Montreal-based Bitcoin exchange Bull Bitcoin, released Liquid Canadian dollars (L-CAD) using Blockstream’s Liquid Network, taking the Bitcoin standard to Canada. Blockchain’s Liquid sidechain is used for settling Bitcoin transactions.
Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems
Poolin assured its customers that funds are safe and promised to fix the issue amid a bearish market.
UK Parliamentary Group Seeks Public Comment for Shaping Ecosystem in Crypto Sector
The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) is calling for public comments as it commences its inquiry into the emerging blockchain ecosystem in the UK.
British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future
BSI's release of the first international AI safety guideline, BS ISO/IEC 42001, marks a significant step in standardizing the safe and ethical use of AI, reflecting global demand for robust AI governance.
FTX Abandoned Discussions to Celsius Network Acquisition - Report
FTX rejected the deal to bail out or buy crypto lending firm Celsius. FTX decided to shut down the negotiations and walked away after it found out a "$2 billion hole" in Celsius’ balance sheet.
Japan's JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA
JCBA submits an initial proposal for IEO regulatory reform to JVCEA, outlining four key agendas aimed at stabilizing the IEO market and enhancing user protection. The reform aims to make domestic IEOs more attractive than foreign exchanges.
Cryptopia Users Win New Zealand Ruling Over Locked Cryptocurrency as High Court Declares them "Property"
Clients of Cryptopia exchange will finally get their funds back after a New Zealand high court classifies the rules that they are entitled to their funds.
Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation
Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.
Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation
Two US cryptocurrency exchanges Bittrex and Poloniex have been added to a class-action lawsuit that alleges billions of unbacked Tether stablecoin were used to manipulate Bitcoin prices. The two US exchanges have been added as defendants in an ongoing lawsuit against Tether and Bitfinex. Poloniex and Bittrex have been summoned to appear to the court because of their alleged involvement in the manipulation of Bitcoin price during the bull run in 2017.
Galaxy Digital Terminates BitGo Acquisition, But Still Eyes Listing on Nasdaq
Galaxy Digital, one of the leading crypto financial services providers, has announced its plans to terminate the proposed acquisition of crypto infrastructure service provider BitGo.
PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv
PayPal Inc. has officially confirmed its plans to acquire the crypto startup company Curv.
Oman Government Buys Equity Stake In U.S Bitcoin Miner Crusoe
Oman Investment Authority increased investments in the U.S. firm as part of efforts to solve glaring concerns in the country.
AI Companies Respond to Copyright Infringement Claims
Stability AI, Midjourney, and DeviantArt have responded to a lawsuit brought by artists who claim that their work was used without permission to train generative AI systems. The companies argue that the resulting AI-generated images are dissimilar to the artists’ work, and that the lawsuit lacks specific information about the allegedly misused photos.
US Supreme Court Steps In On Coinbase Customer Contract Dispute
The US Supreme Court is set to decide on a contract dispute between Coinbase and its customers, potentially impacting user agreement drafting and enforcement in the digital currency trading sector.
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Coinbase is suing the U.S. Treasury for listing Tornado Cash on the SDN List, arguing it violates digital privacy and regulatory authority in the cryptocurrency sector.
Mitsui Forms Strategic Partnership with Web3 Influencer Animoca Brands
Mitsui & Co., Ltd., a renowned Japanese trading company, has joined forces with Animoca Brands, a leading player in the Web3 industry.
5 Reasons Bitcoin Hit $47K ATH and the BTC Price Surge Will Continue
Why is Bitcoin rising harder than ever before as BTC price pushes for $50,000 after exceeding $47,000 in a new ATH? Here are five reasons for Bitcoin's growing strength.
Cosmic Guild Secures $1.5M in Seed Funding Led by Binance Labs
Metaverse gaming platform Cosmic Guild raised a sum of $1.5 million in seed funding led by Binance Labs - the investment and innovation incubation arm of Binance.
Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines
The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.
Crypto Lending Platform Nexo Takes Stake in U.S. Summit National Bank
Switzerland-based Crypto lending platform Nexo has announced the acquisition of a stake in Wyoming-based Summit National Bank, expanding its footprint in the U.S. region.
Tritum Raises $1.1m Funding Round to Accelerate Institutional Digital Assets Adoption
Tritum disclosed the new funds would be used to continue accelerating the expansion of the throughput and size of each of its existing operating businesses.
Benjamin Quinlan: New Chairman of FinTech Association of Hong Kong Shares Vision for FTAHK 2.0 and the Future of Asia's FinTech Ecosystem
The FinTech Association of Hong Kong has elected Benjamin Quinlan as Chairman to lead it through the next chapter of its mission to foster the FinTech ecosystem in Hong Kong and Asia.
Paystand Acquires Accounts Payable Startup Yaydoo
Paystand said Yaydoo reinforces its strategic tools, local operations, and an unmatched presence in many of the attractive markets overseas.
VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild
VanEck has announced a 10-year commitment to donate 10% of its Ethereum ETF profits to Protocol Guild, supporting Ethereum's core protocol development. This pledge precedes the anticipated launch of the EFUT ETF, set to bolster mainstream Ethereum adoption.
Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads
Australian entrepreneur Dick Smith is threatening The Guardian with legal action after it hosted ads linked to fake news of Smith supporting a Bitcoin and crypto scam.
Gemini Enters Wealth Management After Acquiring BITRIA
Gemini announced that it has acquired BITRIA to provide a digital asset ecosystem for wealth management institutional asset managers.
Blockstream Samson Mow on Scalability: Bitcoins are Tanks while Altcoins are Bicycles
Towards the end of 2017, the cryptocurrency market was in a state of delirium. Bitcoin set record price after record price and reached a peak of around $20,000 USD per token. During this market frenzy, a huge issue long-suspected by educated developers was finally revealed—the bitcoin network had become overloaded and was running against the limits of its capacity, unable to scale beyond seven transactions per second.
Circle Plans to Cover USDC Shortfall After SVB Shutdown
Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption at 1:1 with the US dollar. The stablecoin lost its $1 peg on March 11, trading as low as $0.87, due to the disclosure of $3.3 billion of Circle's reserve held at SVB.
Ripple Files Response to SEC’s Lawsuit, Demands to Know Why Bitcoin and Ethereum Are Not Securities
Ripple drags BTC and Ethereum into the SEC lawsuit over XRP's status, demanding an explanation as to why the two leading cryptos are not classified as securities.
Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity
Bancor 3, a DeFi liquidity solution by decentralized trading protocol Bancor, has incorporated more than 100 tokens, such as USD Coin (USDC), Polygon (MATIC), and Enjin (ENJ), for more sustainable and safer DeFi yields through community sourcing.
Goldman Sachs Managing Director Reportedly Resigns After Making Millions from Dogecoin
Aziz McMahon, the managing director of Goldman Sachs' London office, is said to have resigned from his role after earning huge profits from Dogecoin investments.
Binance Confirms Equity Investment in Musk's Acquisition, Dogecoin Stimulated over Deal
The acquisition of Twitter by Elon Musk has finally been made. Binance confirmed the crypto exchange has invested as an equity investor in Elon Musk's $44 billion deal.
Bitcoin’s Outflow from Exchanges still Heavy Despite Looming Correction, says Crypto Trader
Veteran market and crypto trader Michael van de Poppe has noted that despite the current price correction, Bitcoin outflows from exchanges are still sizable.
Bitmain Responds to Former Co-Founder Claims of Holding 36% Company Stock as Baseless
Bitmain recently released an official statement in which it disputed the claims of Micree Zhan, the former CEO, over the ownership of a majority stake of the company.
PolySign Acquires Digital Fund Administrator MG Stover
With its acquisition of fund administration firm MG Stover, PolySign plans to add cryptocurrency capabilities to its existing platform as part of efforts to enable its institutional investors to trade cryptocurrency and digital assets.
Circle Crypto Firm to Go Public in SPAC Deal Valuing At $4.5 Billion
Stablecoin Issuer Circle Announces $4.5 Billion SPAC Deal. The combination with Concord Acquisition Corp sets to bring Circle more than $691 million.
Crypto Social Activities Hit ATH with Over 6.9 Billion Engagements amid FTX Crisis
The unfolding FTX saga has made social engagement, social mentions, and social contributions reach historic highs in the crypto market, according to social intelligence company LunarCrush.
FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings
FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments.
California Man Pleads Guilty to Running Illegal Bitcoin ATMs and Money Laundering
Kais Mohammad has agreed to plead guilty to federal charges of operating an illegal Bitcoin ATM business that laundered over $25 million.
Binance and CEO Changpeng Zhao Face Class-Action Lawsuit Over Alleged Market Manipulation Targeting FTX
Binance and its CEO, Changpeng Zhao, are facing a class-action lawsuit filed by plaintiff Nir Lahav, accusing them of unfair competition and SEC law violations. The lawsuit alleges that Binance manipulated the cryptocurrency market to harm competitor FTX, leading to a significant decline in FTX's utility token, FTT. The case brings into focus the broader implications of regulatory efforts in the crypto industry.
Bitcoin Liquidity Drops Despite Price Surge
Despite a 45% price gain, Bitcoin's liquidity has dropped to a 10-month low due to the ongoing financial crisis and regulatory actions against crypto companies. The collapse of crypto-friendly banks has led to a liquidity crisis, causing increased price volatility and higher fees for traders.
Bitcoin Miner Crusoe Energy Acquires its Big Rival Great American Mining
The acquisition has brought companies with complementary capabilities, assets, and customer relationships to make Crusoe a big Bitcoin mining firm in the US.
MicroStrategy Acquires Additional 1,045 Bitcoin
Business intelligence firm MicroStrategy acquires 1,045 Bitcoin for $29.3 million, bringing its total holdings to 140,000 BTC worth over $12.6 billion. The company continues to invest in Bitcoin as a reserve asset.
Ripple Outpaced Other Blockchain Companies on Inc's List of Fastest-Growing US Companies
Ripple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States.
Huobi To Be Acquired by Hong Kong-Based VC Firm About Capital
Huobi is being acquired by About Capital, an investment company headquartered in Hong Kong. The deal, announced Friday, should close in the next few days. The firms did not disclose the financial terms.
Finblox Raises Withdrawal Limit, Exploring Lawsuit against 3AC
Finblox has increased its limits for crypto withdrawals. Crypto staking platform raised the cap from $1,500 monthly to $3,000 daily. Finbox also plans to recover its funds from Three Arrows Capital through legal actions.
What is Homeworkify?
Homeworkify is an AI-powered educational platform founded in 2023. It's known for assisting students with academic needs, though specific details about its features and plans are limited.
Bit Origin Limited Signs LOI to Acquire 30.62% Equity Interests in Horizon Mining Ltd
The planned acquisition would be another major step forward for Bit Origin Limited to accelerate its efforts into the crypto mining business.
David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash
David Rubenstein remained bullish on cryptocurrencies, stating that the burgeoning asset class is not going away any time soon. Rubenstein said that there is an appetite for cryptocurrencies, thus serving as an alternative to the current traditional financial system.
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.
Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows
Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.
Nvidia Agrees to Pay $5.5 Million to SEC Fine for Failure to Crypto Mining Disclosures
The SEC said it found that Nvidia misled investors in 2017 and 2018 on how cryptocurrency contributed to the profits in its gaming business.
PancakeSwap Launches V3 with Lower Fees and Enhanced Capital Efficiency
PancakeSwap has launched version 3 of its automated market maker platform, featuring lower fees and enhanced capital efficiency. Liquidity providers can now select custom price ranges, allowing specific control over capital investments, and the release also includes four new trading fee tiers. The platform serves over 1.5 million unique users and has more upcoming features in development.
Kraken Exchange Acquires Non-Custodial Staking Platform Staked
Kraken trading platform has acquired Staked, a non-custodial staking platform for an undisclosed sum.
Coin Center Files Lawsuit against Treasury over Tornado Cash Sanctions
Backing a second lawsuit, Coin Center sues the Treasury Department and the Office of Foreign Asset Control (OFAC) over its sanctions on the Ethereum mixer, Tornado Cash.
Terraform Labs Co-Founder Argues Against SEC Lawsuit
Terraform Labs co-founder, Do Kwon's lawyers have argued in court against the SEC's lawsuit for illegally offering unregistered securities. The lawyers claim the SEC's acquisitions are unfounded and that the stablecoin in question is a currency, not a security. Additionally, Kwon's arrest and subsequent extradition remain uncertain.
Imperial College London Partners with FluidAI to Address Digital Asset Market Inefficiencies
Imperial College London, a top-ranking UK university, has announced a strategic partnership with the fintech startup FluidAI on August 21. The collaboration aims to address and rectify inefficiencies in the digital asset market using advanced artificial intelligence (AI) technologies.
Blockstream Raises $210M And Acquires an Israeli Bitcoin Mining Gear Firm
Blockstream has raised funding and acquired mining hardware manufacturer Spondoolies to accelerate its Bitcoin mining capabilities.
FTX Control Failures
FTX CEO John Ray III revealed that control failures at FTX were due to a lack of appropriate financial and accounting controls, inadequate group management structure, and the use of software not suitable for large companies. The multi-billion dollar company was managed by inexperienced founders who relied on a hodgepodge of online shared documents and communications.
Purse.io Not Closed Just Yet, Will Bitcoin Jesus be the Bitcoin Startup's Saviour?
Purse.io may be getting a thrown a life line following their shock announcement last week that they would close their doors after six years of trying to bring serious utility to Bitcoin in retail services.
Ripple CEO Brad Garlinghouse Criticizes Former SEC Chair Jay Clayton's Regulatory Approach
Ripple CEO Brad Garlinghouse criticizes former SEC Chair Jay Clayton for his aggressive regulatory approach, citing hypocrisy based on a 2020 lawsuit against Ripple. The ongoing legal tussle and recent developments highlight the broader regulatory uncertainties in the crypto industry.
Coinbase Sued over $350M in Damages Due to Patent Infringement
The digital currency exchange platform Coinbase Global Inc. has been sued by Veritaseum Capital LLC over patent infringement in Delaware federal court
EU Lawmakers Urged to Speed Up Passage of Crypto Law
Controversial provisions of the MiCA framework aim to simplify the rise of crypto businesses across the EU's 27 member nations.
eBay Announces Acquisition NFT Marketplace KnownOrigin
eBay said the acquisition of KnownOrigin would enable it to capitalize on the growing NFTs economy. The global sales value of art and collectables NFTs saw a significant surge in 2021, reaching $11.16 billion over the past years.
Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity
Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.
Institutional Investors Seek Tokenization Solutions
Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has already tokenized part of its $824 billion assets under management, and JPMorgan, which executed its first cross-border DeFi transaction on the Polygon network.
Binance Completes Woo Network's Series A+ Round with $12M Investment
The latest funding announcement comes from Binance Labs, the VC arm of Binance cryptocurrency exchange, which said it backed Woo Network with $12 million in its Series A+ round.
Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy
Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement.
OpenAI Dismisses NYT Copyright Lawsuit as Baseless Amid Rising Legal Challenges
OpenAI has dismissed a copyright lawsuit by The New York Times, which alleges unauthorized use of its content for AI chatbot training, as "without merit." The case highlights significant challenges in AI and copyright law.
CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies
The recent heated debate between the US SEC officials and the CFTC over who should police crypto tokens highlights the difficulty in applying existing regulations to the nascent sector.
Bitcoin Miner CleanSpark Acquires 36 MW Facility, 3,400 Antminers for $25M
CleanSpark made the acquisitions to expand its operating presence while maintaining cost-effective production rates.
SEC Denies Holding Bitcoin and Ethereum Documents in XRP Case
The lawsuit between the Securities and Exchange Commission (SEC) and Ripple continues to unfold.
Ripple’s Brad Garlinghouse and Chris Larsen File for Motion to Dismiss SEC Lawsuit
Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have filed for a motion to dismiss lawsuits they have received over XRP.
South Korea Invests in Metaverse Fund for Economic Growth
The South Korean government has invested 24 billion Korean won ($18.1 million) in a fund dedicated to driving metaverse initiatives in the country, with a total fund of more than 40 billion Korean won ($30.2 million). The Metaverse Fund will support the mergers and acquisitions of various firms in the metaverse ecosystem and help domestic metaverse-related companies compete with global players, as the government sees the metaverse as a new economic growth engine.
US Government to Sell Seized Silk Road Bitcoin
The US government plans to liquidate over 41,000 Bitcoin seized in the case against Silk Road creator Ross Ulbricht. The Bitcoin is expected to be sold in four more batches over the course of the year.
Aave Announces the Launch of Its V2 Liquidity Mining Program
Aave announced the launch of the V2 liquidity mining (LM) program, which will operate for three months for analysis and end on July 15.
Mysten Labs of Sui Blockchain Hacked on Discord
Mysten Labs has confirmed that the contents stored in its Discord server has been hacked.
TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN
TrustSwap, a DeFi platform dedicated to enabling the execution of timed token purchases, recently announced that its SmartLocks service has officially locked over four times more value than the Bitcoin Lightning Network. While this is a major achievement on its own, it is only one of TrustSwap's many different services and it shows the potential that the project has to dominate the DeFi sector.
DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure
DTCC announces its strategic acquisition of digital asset infrastructure specialist, Securrency. This move will bolster DTCC's digital asset offerings and streamline the integration of blockchain technology.
HSBC CEO: No Plans for Launching Crypto Trading
HSBC revealed that the bank has no plan to offer virtual currency as investments to their clients by starting cryptocurrency trading.
Ripple and YouTube Agree on Settling for Lawsuit over XRP Scam Videos
Ripple CEO Brad Garlinghouse has revealed that the lawsuit Ripple has served Youtube with has been settled.
Ripple Unlocks 1 Billion XRP From Escrow, XRP Trades Heavy As US Dollar Loses Value
Ripple has unlocked 1 billion XRP tokens and is being heavily traded as the US dollar continues to lose value.
Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
CleanSpark continues to pursue growth in a sector ripe for mergers and acquisitions amid a bear market.
Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF
As a change of tune, the IMF alludes to the fact that crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution.
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off its immediate operational burdens.
US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO
US Judge Alvin Hellerstein rules in favor of the Securities and Exchange Commission in the regulator's lawsuit against Kik’s 100 million 2017 ICO.
Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.
Facebook Sues Bangkok 'LeadCloak' Software Developer Over Alleged Crypto Scams and Bogus COVID-19 Data
Facebook has sued a Bangkok software engineer whose firm offered software designed to bypass ad review systems and push deceptive ads to run on the media platform.
Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley
The issuance of new shares is meant to help Iris Energy strengthen its capital base to support its Bitcoin mining operations amid the market downturn.
Tether Q3 Attestation: 85.7% Cash Reserves, $330M Loan Cut, $670M Research Spend
Tether's Q3 2023 attestation shows historic liquidity, 85.7% reserves in Cash & Cash Equivalents, reduced secured loans, and robust investment in industry research, ensuring financial resilience amid market fluctuations.
Ether.Fi Launches Non-Custodial Liquid Restaking Protocol on Ethereum
Ether.Fi launches a non-custodial liquid restaking protocol on Ethereum, allowing users to maintain control of their keys while increasing staking yields through integration with Eigenlayer.
Singapore’s Court of Appeal Finds Crypto Exchange Culpable of Malice in Momentous Ruling
In a landmark ruling, the Court of Appeal in Singapore noted that Quione, a cryptocurrency exchange, was disloyal to reverse several transactions on its network. This action constituted a breach of contract; hence the law had to take its discourse.
Sui Foundation Reallocates 117M SUI to Bolster Network Growth
Sui Foundation announces the reallocation of 117 million SUI tokens from external market makers to support the growth of its Layer 1 blockchain network, Sui. The move aims to bolster the network's DeFi ecosystem, which recently recorded its highest-ever total value locked (TVL) at approximately $37 million. The reallocation will not impact the circulating supply of SUI tokens.