Debate Erupts Over Google Cloud’s New Web3 Portal in Crypto Community
Google Cloud recently unveiled a new Web3 portal designed to provide blockchain developers with extensive resources, including data sets and comprehensive tutorials on creating nonfungible tokens (NFTs). However, the launch…
Biden’s Proposed 44.6% Capital Gains Tax Unlikely to Impact Most Crypto Investors
President Joe Biden‘s proposal to elevate the capital gains tax to a historic high of 44.6% for high earners has stirred significant debate. However, for the vast majority of cryptocurrency…
BlackRock’s iShares Bitcoin Trust Records First Zero Inflow Day
The U.S. Bitcoin ETF market, since its inception with the launch of BlackRock’s iShares Bitcoin Trust (IBIT) on January 11, has experienced remarkable investor engagement. However, recent trends suggest a…
Terraform Labs Advocates for $1M Fine in SEC Lawsuit, Opposes Disgorgement
Terraform Labs and its co-founder, Do Kwon, are embroiled in a significant legal battle with the United States Securities and Exchange Commission (SEC). Following a jury verdict that found them…
ConsenSys Challenges SEC, Seeks Court Decision Declaring Ethereum Not a Security
ConsenSys, a pivotal figure within the Ethereum ecosystem, has initiated a legal battle against the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit in a Texas federal court.…
Aligned Layer Garners $20M in Series A Funding to Enhance ZK Proofs on Ethereum
The Ethereum blockchain, a cornerstone of the cryptocurrency world, is on the brink of an efficiency transformation with Aligned Layer’s latest financial injection aimed at enhancing Zero-Knowledge (ZK) proofs, a…
Navigating the Future: U.S. Stablecoin Legislation and Its Impact on Banks and Global Issuers
The introduction of the Payment Stablecoin Act to the United States Senate represents a significant legislative effort aimed at regulating the stablecoin market. This move has the potential to reshape…
39% of Canadian Institutional Investors Now Hold Crypto Assets, Reports KPMG
In recent years, the cryptocurrency market has matured significantly, attracting not only retail investors but also substantial interest from institutional players. According to a recent survey by KPMG, there has…
U.S. Arrests William Morro in Connection with the OneCoin Cryptocurrency Fraud
The OneCoin crypto scheme remains one of the most notorious financial scandals, leaving a significant mark in the annals of financial crimes. The latest development involves the U.S. Justice Department’s…
Hong Kong Set to Begin Trading of Officially Approved Bitcoin and Ether ETFs on April 30
Hong Kong is set to mark a significant milestone in its financial market on April 30, with the launch of its first spot Bitcoin and Ether exchange-traded funds (ETFs). This…
Australia Surpasses 1,000 Bitcoin ATM Milestone, Aligns with US and Canada
Australia has recently marked a significant achievement in the global cryptocurrency landscape by surpassing 1,000 active Bitcoin ATMs, joining the United States and Canada as one of the leading nations…
CBN Clarifies No Directive Issued for Freezing Crypto-Linked Accounts
The Central Bank of Nigeria (CBN) recently found itself at the center of controversy due to a misreported directive that allegedly required all Nigerian banks and financial institutions to freeze…
U.S. Prosecutors Recommend 36-Month Jail Term for Binance Founder Changpeng Zhao
In a significant development within the cryptocurrency legal landscape, U.S. prosecutors have recommended a 36-month prison sentence for Binance founder Changpeng “CZ” Zhao. This recommendation was detailed in a court…
Significant Crypto Assets Linked to Vitalik Buterin and Coinbase Remain Locked in DeFi Bridges
In a startling revelation from the decentralized finance (DeFi) sector, a comprehensive report by Arkham Intelligence has uncovered that substantial sums, amounting to millions of dollars, are currently trapped in…
Tether Commits to Freezing Addresses Amid Venezuela’s Use of Crypto for Sanction Evasion
Tether, the issuer of the USDT stablecoin, has announced its commitment to freezing addresses linked to sanctioned entities. This decision comes in response to reports that Venezuela’s state-run oil company,…
In-Depth Analysis: SEC Targets Terraform Labs with Unprecedented $5.3 Billion Fine
In a landmark decision that marks a significant escalation in the U.S. Securities and Exchange Commission’s (SEC) enforcement actions within the cryptocurrency sector, Terraform Labs and its founder, Do Kwon,…
Binance Executive Detained in Nigeria: A Comprehensive Overview
Tigran Gambaryan, a key executive at cryptocurrency exchange Binance, has been detained in Nigeria since February 2023, facing serious allegations. Reports from April 23, 2023, confirm that Gambaryan will continue…
Hackers Release Source Code of El Salvador’s Official Bitcoin Wallet
In a significant cybersecurity breach, El Salvador’s state-operated Bitcoin wallet, Chivo, has become the target of hackers who have released part of its source code. The hacker group, known as…
Regulatory Challenges Delay Crypto.com’s Launch in South Korea
Crypto.com, a prominent Singapore-based cryptocurrency exchange, has postponed its launch in South Korea following regulatory concerns. The delay comes after the South Korean Financial Services Commission (FSC) identified issues related…
Finland Harnesses Bitcoin Mining for Residential Heating
In Finland, a groundbreaking project has been initiated that leverages the process of mining Bitcoin to generate heat for residential homes during the chilly winters. Hashlabs Mining, a Bitcoin mining…