New Law Grants U.S. President Extensive Powers to Block Digital Asset Access
A recently enacted law has granted the President of the United States extensive authority to block access to digital assets, a move that has sparked significant concern and debate among…
Binance Reinstates Cryptocurrency Purchases via Mastercard
Binance, the world’s largest cryptocurrency exchange, has announced the reinstatement of cryptocurrency purchases using Mastercard debit and credit cards. This move comes as part of Binance’s efforts to facilitate smooth…
Nigeria Defends Prosecution of Binance Executive Amid U.S. Lawmakers’ Criticism
The Nigerian Minister of Information, Mohammed Idris, has affirmed that the ongoing legal proceedings against Binance and its executive, Tigran Gambaryan, adhere strictly to the country’s legal protocols. Gambaryan faces…
ETH Ecosystem Users Increase Ninefold Since 2020 as VanEck Predicts $22K by 2030
There are almost nine times as many daily active users in the Ethereum ecosystem today compared to four years ago, and analysts suggest that this increasing demand is set to…
Beware of Fake Work-from-Home Jobs – It’s a Ploy to Steal Your Crypto
Be cautious if an employer demands that you send cryptocurrency to secure your dream job working from home. The United States Federal Bureau of Investigation (FBI) warns that it’s likely…
Turkey Denies Plans to Tax Crypto and Stock Gains, Considers Limited Transaction Levy
Turkey has dismissed plans to impose taxes on profits from stocks and cryptocurrencies but suggested a “very limited” levy on transactions. According to Bloomberg, Treasury and Finance Minister Mehmet Şimşek…
Most Celebrity Tokens Drop Over 66% Since Jenner’s Surprising Crypto Launch
The recent wave of celebrity-backed tokens launched last week has faced significant declines, with many dropping over 66% from their peak values. Notably, tokens such as JENNER, DAVIDO, and RICH…
Ethereum ETF Launch Date Hinges on Issuers’ Responsiveness, Not SEC Delays — Gensler
The approval timeline for United States-based spot Ether exchange-traded funds (ETFs) hinges on how quickly issuers can address feedback from the Securities and Exchange Commission (SEC), according to SEC Chair…
Coinbase Rolls Out Smart Wallet with No Gas Fees and Easy Onboarding
Cryptocurrency exchange Coinbase is launching a smart wallet, aiming to provide users with greater convenience through simplified onboarding, the elimination of gas fees, and the removal of recovery phrases. The…
Tether Announces Strategic Investment and Launch of XAU1 Stablecoin
Tether, the digital asset company behind the USDT stablecoin, has announced a strategic investment of $18.75 million in XREX Group and the launch of a new stablecoin, XAU1. This collaboration…
Centralized Crypto Exchange Trading Volume Drops to $5.2 Trillion in May
According to the latest report by CCData, May 2024 saw a significant decline in both spot and derivatives trading volumes in the cryptocurrency market. The combined trading volume on centralized…
Tether CEO Warns of New Wave of Crypto Airdrop Scam Emails; CoinGecko Potentially Affected
Cryptocurrency users should exercise extreme caution, as a prominent industry leader has warned of a potential new wave of crypto airdrop scam emails. Paolo Ardoino, the CEO of Tether, revealed…
Bitcoin Halving Impacts Miner Riot’s Revenue by 43% Despite New Facility
Bitcoin (BTC) miner Riot Platforms produced 215 BTC in May, marking a 43% decrease from the previous month. This decline in mining revenue is directly attributed to the Bitcoin halving…
Japanese Crypto Exchange Secures $320M to Compensate Users After Major Hack
DMM Bitcoin, a Japanese cryptocurrency exchange recently hacked for $320 million worth of Bitcoin, has announced plans to raise 50 billion yen ($320 million) to compensate users for their losses.…
BlackRock and Citadel Support New National Stock Exchange in Texas
The world’s largest asset manager, BlackRock, and market maker Citadel Securities have reportedly backed a firm in launching a new national stock exchange in Texas. The Texas Stock Exchange (TXSE)…
Bitcoin ‘Coiling’ Up for a Significant Move as It Hovers Around $71K
Bitcoin may soon find itself at a critical price crossroads. Its average price across three different time frames has now fallen within a tight cluster, signaling a potential breakout. Indicators…
Upcoming EU Elections Could Influence Approval of First Ether ETF
The forthcoming parliamentary elections in the European Union, set for June 6 to June 9, are poised to play a crucial role in the future landscape of cryptocurrency regulations and…
Dubai Financial Regulator Revises Crypto Token Regulations for Funds
The Dubai Financial Services Authority (DFSA) has announced significant amendments to its cryptocurrency token regime to enhance and advance the regulatory framework for tokens within its special economic zone. These…
Hackers Use Chrome Extension to Extract Millions from Binance Users
A recent cybersecurity incident involving a deceptive Google Chrome plugin named Aggr has led to significant financial losses for a Chinese trader and potentially others. This plugin, masquerading as a…
Australia Launches Its First Direct Bitcoin Holding Spot ETF
Australia is poised to debut its first spot Bitcoin exchange-traded fund (ETF) that holds the cryptocurrency directly. This development represents a significant advancement in the Australian financial landscape, offering investors…