Transaction Fees for Bitcoin and Ethereum Drop to Seven-Month Low
In a stark contrast to the often volatile crypto landscape, Bitcoin and Ether transaction fees have significantly dropped, reaching their lowest points in several months. This change coincides with one…
South Korean Research Institute Advises Caution on Crypto ETFs
The Korea Institute of Finance, a prominent think tank focused on financial and economic analysis in South Korea, has voiced concerns about the potential risks associated with the introduction of…
Japan’s Metaplanet Announces 1 Billion Yen Bond Sale to Acquire More Bitcoin
Tokyo-based investment and consulting firm Metaplanet has unveiled plans to issue bonds worth 1 billion yen (approximately $6.26 million) to fund the purchase of Bitcoin. This decision reflects the company’s…
Ethereum Might Drop 30% Following Spot ETH ETFs Launch, Warns Crypto Venture Capitalist
Ethereum’s value could see a significant drop to around $2,400 following the launch of spot Ether exchange-traded funds (ETFs), according to Andrew Kang, a founder and partner at Mechanism Capital,…
Binance Aids BtcTurk in Cyberattack Investigation, Freezes $5.3 Million in Stolen Funds
Cryptocurrency exchange Binance has reportedly stepped in to assist Turkish crypto exchange BtcTurk in investigating a recent cyberattack that compromised millions of dollars in digital assets. Binance CEO Richard Teng…
Hong Kong Seeks Global Input on Shaping the Future of Web3 and Digital Assets
Hong Kong’s Legislative Council member Johnny NG Kit-Chong announced that the council is actively seeking insights from global industry leaders to formulate policy recommendations and guide discussions on the future…
Blockchain Advocacy Group Voices Privacy Concerns Over IRS’s Proposed Crypto Tax Form
The Chamber of Digital Commerce, a prominent trade association within the blockchain sector, has recently provided comprehensive feedback on the United States Internal Revenue Service’s (IRS) proposed Form 1099-DA. This…
Rapper 50 Cent Alleges Hack of X Account to Push Cryptocurrency Scam
Curtis James Jackson III, globally known as the rapper “50 Cent,” recently revealed that his X account and website were compromised in a cyberattack. This incident saw hackers leveraging his…
Bitcoin Miners Managing Pressures Without Resorting to Extensive Sell-Offs
Despite the rising operational costs and diminishing rewards, Bitcoin miners are not facing a catastrophic situation. Glassnode’s lead analyst James Check, also known by his handle “Checkmatey,” recently shared insights…
Revised Ether ETF Proposals Submitted by Asset Managers Targeting July Introduction
Several prominent asset managers have recently updated their proposals for Ethereum exchange-traded funds (ETFs), signaling a significant move in the crypto investment space. On June 21, leading firms including VanEck,…
Blockchain Association Challenges IRS on New Broker Regulations
The Blockchain Association has reiterated its concerns over the Internal Revenue Service’s (IRS) proposed rules for broker-dealers, emphasizing the excessive burdens these rules would place on investors, cryptocurrency companies, and…
Nigeria’s SEC Introduces Updated Regulations and Compliance Measures for Digital Assets
The Nigerian Securities and Exchange Commission (SEC) has recently announced significant amendments to its rules concerning the issuance, offering platforms, exchange, and custody of digital assets. This move aims to…
Binance Integrates USDT on TON, Enhancing Transaction Accessibility
Binance recently announced a significant milestone in its operational strategy by integrating Tether’s USDT token onto The Open Network (TON), signaling expanded options for stablecoin liquidity within its ecosystem. This…
Gemini’s Initiative: Supporting Pro-Crypto Candidates Ahead of the Presidential Election
Gemini Exchange has launched a campaign finance project aimed at facilitating campaign contributions to candidates supportive of the cryptocurrency industry in the United States. This initiative comes amid increasing political…
Nonprofit’s Critique of Tether in Extensive Ad Campaign
Consumer’s Protection, a longstanding California nonprofit organization, has launched a substantial multimillion-dollar advertising initiative aimed at scrutinizing Tether’s business practices. The campaign utilizes various media platforms, including television spots, billboards,…
Italian Government to Increase Crypto Market Surveillance
Italy is preparing to intensify its oversight of the cryptocurrency markets in compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This move aims to crack down on…
Mirror World CEO on Building Solana Game Engine After $12M Raise
Despite the surging popularity of blockchain technology, Chris Zhu, CEO of Mirror World, points out significant infrastructure challenges for game developers on Solana. In an interview with Cointelegraph, Zhu highlighted…
Japanese Exchange BitFlyer Acquires FTX Japan
BitFlyer Holdings has announced its acquisition of FTX Japan, the Japanese arm of the defunct crypto trading platform FTX, with plans to rebrand it as New Custody Company. This move…
Binance Executive’s Legal Battle Amid US-Nigeria Tug of War
The legal saga involving Tigran Gambaryan, a Binance executive, has intensified as Nigerian authorities press ahead with money laundering charges despite recent developments in related tax evasion cases. The unfolding…
Bitwise’s Ethereum Ad: A Milestone in NFT and Crypto Advertising
Bitwise, a digital asset manager, recently made headlines with the release of its first national TV spot for an Ether exchange-traded fund (ETF), which can be minted as a non-fungible…