US Justice Department Opposes Sentence Reduction for Former Ethereum Developer Virgil Griffith
In a recent development, the United States Justice Department has strongly opposed a motion by former Ethereum developer Virgil Griffith to reduce his prison sentence for violating sanctions on North…
Market and Regulatory Dynamics Propel Retail Crypto Growth in Canada
The future of retail cryptocurrency trading in Canada appears promising, driven by a blend of favorable market conditions and a supportive regulatory environment. At the Collision event in Toronto, Dean…
CleanSpark Expands Operations with Acquisition of Five Georgia Mining Facilities
CleanSpark, a leading American Bitcoin (BTC) mining company renowned for its commitment to using clean energy, has taken a significant step forward by announcing a definitive agreement to acquire five…
Fox and Time Implement Blockchain Technology to Tackle Misinformation
Fox Corporation and Time, a prominent global media brand, have entered into a strategic partnership utilizing Fox’s Verify protocol to enhance content licensing and verification processes. This collaboration marks a…
BBVA Advocates Bitcoin and Ether as Significant Enhancers for Portfolio Performance
The inclusion of Bitcoin and Ether, the leading cryptocurrencies by market cap, can dramatically enhance the performance of traditional investment portfolios. This assertion comes from Philippe Meyer, head of digital…
Mirror World Labs Secures $12M in Series A Funding for Solana Gaming Initiatives
Mirror World Labs, a pioneering Solana gaming studio, has successfully raised $12 million through its Series A funding round. This financial boost, led by Bitkraft, Galaxy Interactive, Big Brain Holdings,…
Tether Unveils Alloy, a Gold-Backed Stablecoin Pegged to the U.S. Dollar
Tether has introduced a new gold-backed stablecoin, named Alloy (aUSDT), which is tethered to the U.S. dollar. This marks the first asset of its kind from the issuer, and it…
Polymarket User Faces Charges for Betting on Taiwan Election Results
In a recent legal development in Taiwan, authorities have charged a man for using the crypto betting platform Polymarket to place bets on the country’s 2024 presidential elections, which concluded…
Corporate Adoption of Crypto Still Lags Despite Bitcoin ETFs
While the introduction of the first spot Bitcoin exchange-traded funds (ETFs) in the United States marked a significant milestone for the cryptocurrency industry, corporate adoption and trust in digital assets…
Bitcoin NFTs Overtake Ronin in Cumulative Sales Volume
The Bitcoin network has recently ascended in the non-fungible token (NFT) market, now ranking third in all-time sales among blockchain platforms, surpassing the Ronin blockchain. This development underscores the growing…
Coinbase International Introduces Pre-Launch Market Support
Following the trend set by centralized exchanges like Binance, Bybit, Bitget, and OKX, Coinbase International is stepping into the arena with its own launchpad designed to promote emerging crypto projects.…
Uphold Announces Delisting of USDT and Five Other Stablecoins by July, Cites MiCA Compliance
Cryptocurrency exchange Uphold has recently notified its European users of a significant upcoming change: the platform will cease support for six well-known stablecoins starting July 1st. This decision is in…
Uncertain Drivers Behind Steep Decline as Major Altcoins See Double-Digit Drops
The cryptocurrency markets plunged into turmoil on Monday, witnessing significant declines across numerous altcoins, with some dropping more than 10%. Despite the pronounced downturn, industry analysts have struggled to pinpoint…
Malaysia Intensifies Crackdown on Crypto Tax Evasion with Operation “Ops Token”
In a strategic move to curb tax evasion in the cryptocurrency sector, Malaysia’s Inland Revenue Board (IRB) has launched “Ops Token,” a special operation targeting tax revenue leakage from crypto…
New South Korean Law Mandates Regular Review of Token Listings on Crypto Exchanges
The Financial Services Commission (FSC), South Korea’s financial regulator, has issued directives to 29 registered cryptocurrency exchanges, including major platforms like Upbit, Bithumb, Coinone, Korbit, and Gopax. These exchanges must…
Remilia Hacker Transfers $4.3 Million in Stolen Crypto to Tornado Cash
The hacker behind the $4.3 million exploit of Remilia DAO has funneled the stolen funds through Tornado Cash, a notorious cryptocurrency mixer, according to recent blockchain analysis. Details of the…
zkSync Defends Sybil Protection Measures Amid Binance’s Own ZK Token Airdrop
As the Ethereum zero-knowledge layer-2 scaling platform zkSync prepares for its highly anticipated ZK token airdrop on June 17, the team continues to address concerns and criticisms regarding its airdrop…
Ethereum Scaling Ecosystem Reaches Record-High TPS, Driven by Layer-3 Solutions
The Ethereum ecosystem has reached a new milestone in transactions per second (TPS), largely due to a significant increase in activity on a lesser-known Ethereum layer-3 solution. On June 16,…
Former House Speaker Advocates for Stablecoins to Bolster U.S. Financial Strength Against China
Paul Ryan, the former Speaker of the U.S. House of Representatives, has argued that dollar-pegged stablecoins could be a vital tool for addressing the looming U.S. debt crisis and maintaining…
SEC Rejects Ripple’s Plea for Reduced Penalty in Ongoing Legal Battle
The United States Securities and Exchange Commission (SEC) has strongly opposed Ripple Labs’ recent request for a reduced financial penalty, asserting that the company’s proposed $10 million settlement is significantly…