US Crypto Firm BitGo Secures Major Payment License in Singapore
California-based cryptocurrency custody firm BitGo is significantly expanding its global footprint by securing regulatory approval in Singapore, a key financial hub known for its crypto-friendly environment. On August 7, BitGo…
Binance Recovers $73M in Stolen Funds, Surpasses 2023 Security Milestone
Binance, the world’s largest cryptocurrency exchange by trading volume, has achieved a significant milestone in its security operations by recovering or freezing $73 million in stolen user funds in 2024.…
Immutable Announces Closure of Its NFT Marketplace to Bolster Ecosystem Growth
Immutable, a prominent gaming and non-fungible token (NFT) blockchain, has declared it will discontinue its NFT marketplace to concentrate on expanding its ecosystem through strategic partnerships. The marketplace, scheduled to…
US Policy Group Advocates for Bitcoin Tax-Free Zone to Bolster Digital Economy Growth
A visionary proposal is underway in the United States aiming to position the country as a pivotal leader in the digital economy. The initiative, driven by the newly established USABTC…
Enhanced Security for MetaMask Users with MultiversX Snap 2FA Integration
MultiversX, a blockchain platform not based on the Ethereum Virtual Machine (EVM), has introduced a significant upgrade for MetaMask users with the launch of MultiversX Snap. This new feature integrates…
Bitcoin’s Stability Threatened by Potential Decline in ‘Magnificent Seven’ Tech Stocks
The group of high-performing tech stocks known as the “Magnificent Seven,” including industry giants like Nvidia and Microsoft, have experienced a substantial loss, shedding over $650 billion in market capitalization…
Morgan Stanley Advisers Now Cleared to Recommend Bitcoin ETFs to Clients
Morgan Stanley, the preeminent wealth management firm in the United States, has officially granted its 15,000 financial advisers the authority to recommend Bitcoin exchange-traded funds (ETFs) to their clients starting…
Blockchain Technology Cuts Airline Cargo Handling Costs by 7%, Enhances Operational Efficiency
Blockchain technology is making significant strides in the aviation industry, demonstrating its potential to disrupt and streamline operations. A recent study conducted by Aventus at Heathrow Airport revealed that airlines…
India Opts Not to Regulate Crypto Transactions Amid Tightened Oversight
The Indian government has disclosed that it currently has no plans to regulate the buying and selling of cryptocurrencies, even as it intensifies efforts to oversee crypto-related activities such as…
Telegram Poised to Drive Major Cryptocurrency Adoption, Says X10 CEO
Telegram, renowned as the third most downloaded messaging app globally, may be the catalyst for reaching the milestone of the first billion cryptocurrency users. Ruslan Fakhrutdinov, founder and CEO of…
California Enhances Regulation of Bitcoin ATMs with Support from State Legislation
The city of Chico, California, is poised to implement stricter regulations on Bitcoin teller machines (ATMs), backed by recent state legislation aimed at curbing fraud and enhancing consumer protection in…
Donald Trump Jr. Set to Launch a Crypto Platform Challenging Traditional Banks
Donald Trump Jr. has unveiled plans to create a new decentralized finance (DeFi) cryptocurrency platform aimed at addressing disparities in banking access. This announcement marks a significant step towards challenging…
‘Crypto Advocates for Harris’ Gain Backing from Mark Cuban
As the 2024 presidential race intensifies, a group named ‘Crypto Advocates for Harris‘ is rallying support for Democratic nominee Kamala Harris, urging her to formulate a clear policy on digital…
Mox Bank Initiates Crypto ETF Trading in Hong Kong
Mox, a Hong Kong-based virtual bank subsidiary of Standard Chartered, has recently introduced crypto exchange-traded fund (ETF) trading services for its customers, marking a significant development in the region’s financial…
Binance Records $1.2 Billion in Inflows During Major Market Downturn, CEO Reports
On August 5th, amid a significant market downturn, Binance, the leading cryptocurrency exchange, experienced one of its largest trading days of 2024, with a staggering $1.2 billion in net inflows.…
Nasdaq Seeks Regulatory Approval to List Options for Spot Ethereum ETFs
Nasdaq has officially approached U.S. regulators with a proposal to allow options trading on spot Ethereum exchange-traded funds (ETFs), according to a regulatory filing dated August 6. This request specifically…
Crypto Coalition Advocates for Definitive Regulatory Framework from Biden Administration
A coalition of cryptocurrency firms has intensified calls for the Biden administration to establish a definitive regulatory framework for digital assets, emphasizing the potential economic and national security benefits for…
Ripple Labs Incurs $125M Penalty Following SEC Lawsuit, Judge Rules
A federal judge has imposed a $125 million civil penalty on Ripple Labs, concluding a significant legal battle with the U.S. Securities and Exchange Commission (SEC). The ruling by Judge…
Crypto Community Reacts to Kamala Harris’ Choice of VP Amid Uncertainty in Digital Asset Policy
As the 2024 presidential race heats up, Democratic presidential nominee Kamala Harris has chosen Minnesota Governor Tim Walz as her vice-presidential candidate. This decision has sparked various reactions from the…
Marathon Digital Holdings Boosts Bitcoin Portfolio by $124M in July
Marathon Digital Holdings, recognized as the world’s largest Bitcoin miner, is steadfastly expanding its Bitcoin reserves, aligning with its declared “full HODL” strategy. This approach, which stands for “hold on…