Leadership Transition at Grayscale Investments
Michael Sonnenshein has resigned from his position as CEO of Grayscale Investments, marking the end of a significant era for the U.S.-based cryptocurrency asset management giant. After over a decade…
Ethereum Developer’s Paid Role at EigenLayer Raises Questions About Potential Conflicts of Interest
On May 19, in a detailed post on X, Justin Drake, a researcher at the Ethereum Foundation, revealed his new advisory role with the EigenFoundation. This position offers him a…
Five On-Chain Metrics Suggest Crypto Bull Market May Just Be Starting
Despite the cryptocurrency markets exhibiting sideways movement over the past three months, a surge in bullish sentiment is evidenced by five significant on-chain indicators. These indicators hint that the bull…
Spot Ether ETF Decision Rests with SEC’s 5-Member Panel; Gensler Could Be Decisive
The fate of spot Ether exchange-traded funds (ETFs) may hinge on a critical vote by Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), reflecting a pivotal moment…
Alleged Pump.fun Exploiter Arrested and Released on Bail in the UK
Jarett Dunn, formerly associated with the memecoin trading platform pump.fun, has been implicated in a security breach resulting in a substantial financial exploit amounting to $1.9 million. Dunn, who disclosed…
Kraken Confirms Continuation of USDT Services in Europe Amid Regulatory Developments
Kraken, a major player in the cryptocurrency exchange market, has confirmed it has “no plans” to delist Tether (USDT) in Europe currently, despite speculative reports and regulatory challenges. This clarification…
Quantum Computing Threatens Blockchain Security, Says University of Trento Professor
Professor Massimiliano Sala of the University of Trento recently addressed the imminent threats that quantum computing poses to blockchain technology during a lecture with Ripple, as part of their university…
Venezuela Implements Crypto Mining Ban to Safeguard National Power Grid
Venezuela has officially joined several other nations in limiting cryptocurrency mining operations due to significant electricity consumption concerns. The Ministry of Electric Power announced an initiative to disconnect crypto mining…
XRPL Records 108% Increase in Transactions During First Quarter of 2024
In a remarkable leap forward, transactions on the XRP Ledger (XRPL) more than doubled from the fourth quarter of 2023 to the end of the first quarter of 2024, as…
Phantom Wallet Ascends to Top Three in App Store, Boosting Solana Sentiment
Phantom Wallet, a leading cryptocurrency wallet, has impressively climbed to the third position in the Apple App Store’s utility category, ranking just below giants such as Google and Google Chrome…
Millennium Management Reports $2 Billion Investment in Bitcoin ETFs
Millennium Management, a leading global hedge fund, has disclosed substantial holdings in spot Bitcoin ETFs totaling nearly $2 billion as of the first quarter of 2024. This revelation came through…
SEBI Advocates for Diverse Regulatory Oversight of Cryptocurrency in India
The Securities and Exchange Board of India (SEBI) has put forth a proposition for a multi-regulatory approach to oversee the burgeoning cryptocurrency sector within the nation. Recently disclosed documents suggest…
Binance Unveils Solution to Counter $68M Address Poisoning Scams
In a significant step toward enhancing cryptocurrency transaction security, Binance‘s security team has pioneered a novel algorithm designed to counteract address poisoning scams. These scams, which manipulate users into transferring…
Tether and TON Collaborate with Oobit for Enhanced USDT-to-Fiat Conversion
In April, Tether’s USDT and its gold-backed counterpart, Tether Gold (XAUt), launched on The Open Network (TON), a significant step for the cryptocurrency that’s traditionally tethered to stable financial assets…
China’s $1.9 Billion Underground USDT Banking Operation Uncovered
Despite China’s stringent regulations against cryptocurrency activities, Chinese traders have continually found innovative ways to leverage digital currencies. This resilience is evident in the recent discovery by Chinese police of…
ShibaSwap Advances with Comprehensive Upgrade on Shibarium Blockchain
ShibaSwap, the decentralized exchange synonymous with the Shiba Inu ecosystem, has launched a significant update, transitioning its operations to the Shibarium blockchain. This move is poised to revolutionize the platform…
Switzerland Moves to Implement Global Crypto Reporting Standards
Switzerland’s Federal Council, the seven-member executive body that governs the nation, has initiated a public consultation regarding the adoption of the Crypto-Asset Reporting Framework (CARF) to align with global standards…
Eclipse Labs Appoints New CEO Following Neel Somani’s Departure Amid Misconduct Allegations
Neel Somani, the founder and former CEO of the Ethereum layer-2 blockchain Eclipse, has stepped down from his role due to sexual misconduct allegations. This development marks a significant leadership…
Mastercard and Standard Chartered Conduct First Live Test of Tokenized Deposits
In a significant advancement in financial technology, Mastercard and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of Mastercard’s Multi-Token Network (MTN). This test was…
Robinhood Introduces SOL Staking for European Customers
Amid ongoing legal scrutiny in the United States, Robinhood is taking strategic steps to broaden its cryptocurrency services by targeting the European market. On May 15, the trading platform unveiled…