RFK Jr. Advocates for Blockchain-Based U.S. Budget to Ensure Transparency
During a rally in Michigan on April 21, U.S. presidential candidate Robert F. Kennedy Jr. unveiled his plan to revolutionize government transparency by placing the entire U.S. federal budget on…
Record $107 Million in Bitcoin Mining Revenue on Halving Day
On April 20, 2024, a landmark day in the cryptocurrency industry, Bitcoin mining revenue soared to a new all-time high, crossing the $100 million threshold for the first time. Miners…
ZKasino Stirs Community Ire by Redirecting $33M of ETH to Staking Protocol Instead of Issuing Refunds
ZKasino, a blockchain-based gambling project, is currently under fire for reallocating $33 million worth of Ether (ETH) entrusted by users and investors to the staking protocol Lido, deviating from its…
Base Founder Jesse Pollak Champions Memes as Drivers of Crypto Onboarding Explosion
Jesse Pollak, the founder of Base, a layer-2 network associated with Coinbase, recently highlighted the significant role memes play in driving user engagement and adoption within the cryptocurrency ecosystem. Speaking…
Swiss Bitcoiners Intensify Efforts to Incorporate Bitcoin into National Bank Reserves
In Switzerland, a group of Bitcoin enthusiasts is spearheading a renewed campaign to incorporate Bitcoin into the Swiss National Bank’s (SNB) reserves, an initiative that involves a proposed constitutional amendment.…
Bitcoin Halving Sparks Surge in Layer 2 Adoption
On April 20, Bitcoin marked a significant milestone with its fourth halving event, known as “Epoch V.” This event, which slashes the new bitcoin supply by 50%, not only celebrated…
Tether’s Issuance on TON Blockchain Reaches $60M, Marking a ‘Great Start,’ Says CEO
Since its introduction to The Open Network (TON) on April 19, Tether (USDT) has experienced significant growth, with $60 million worth of the stablecoin now issued, making TON the 11th-largest…
Bitcoin Miners Eye AI Integration in Post-Halving Era, CoinShares Reports
In the wake of the recent Bitcoin halving, which cut the reward for mining by 50%, CoinShares has released a report suggesting that crypto miners may increasingly turn to artificial…
Twelve Solana Memecoin Projects Abandoned Within a Month of Presales
In the last 30 days, at least twelve Solana-based memecoin projects that collectively raised $26.7 million through presales have been abandoned, according to data revealed by blockchain investigator ZachXBT. This…
Bitcoin Transaction Fees Plummet Following Record High on Halving Day
Just one day after the fourth Bitcoin halving event, which saw average transaction fees soar to a record $128, the fees have dramatically decreased. On April 21, the cost for…
Bitwise CEO Forecasts Surge in Bitcoin ETF Investments by Wealth Management Firms
Hunter Horsley, CEO of Bitwise, anticipates a significant uptick in Bitcoin ETF holdings among wealth management firms, particularly in the wake of the recent Bitcoin halving event, which traditionally fuels…
Victory Securities Announces Fee Structure for Newly Approved Bitcoin and Ether ETFs in Hong Kong
Hong Kong-based investment firm Victory Securities has unveiled the proposed fee structure for its upcoming Bitcoin and Ethereum exchange-traded funds (ETFs), following the Hong Kong Securities and Futures Commission’s (SFC)…
Bitcoin Maintains Stability Following Its Fourth Halving Event
On Friday, Bitcoin experienced its fourth halving, a significant event in the cryptocurrency’s lifecycle that adjusts the rate at which new coins are generated. Despite the potential for volatility, Bitcoin…
Sweden Claims $90 Million in Unpaid Taxes from Cryptocurrency Mining Firms
The Swedish Tax Agency, Skatteverket, has concluded an extensive investigation into the tax practices of cryptocurrency mining companies, resulting in claims of over $90 million in unpaid taxes. This follows…
Canada Sets Early Implementation of Global Crypto Tax Reporting Standards
Canada is poised to adopt the international Crypto-Asset Reporting Framework (CARF) by 2026, according to a recent supplement to the country’s 2024 annual budget. This proactive measure places Canada ahead…
New Zealand Explores the Potential Introduction of Digital Cash
The Reserve Bank of New Zealand (RBNZ) has initiated a 101-day public consultation to gather input on the foundational principles and design options for a potential digital dollar. This move…
Binance Secures Dubai Crypto License as Co-Founder Zhao Relinquishes Voting Power
Binance, the world’s largest cryptocurrency exchange, has successfully obtained a Virtual Asset Service Provider (VASP) license in Dubai, marking a significant regulatory milestone. This achievement came after Changpeng Zhao, Binance’s…
Sen. Lummis Advocates for Circle Over Tether Amid Proposed U.S. Stablecoin Regulations
Senator Cynthia Lummis (R-Wyo.), a co-author of the latest bill aimed at regulating stablecoins in the U.S., highlighted potential regulatory advantages for Circle Internet Financial compared to Tether, given the…
Binance Bolsters Security and Trust by Converting $1 Billion SAFU to USDC Stablecoin
Binance, the largest cryptocurrency exchange globally, announced on Thursday a significant strategic move involving the conversion of its $1 billion Secure Asset Fund for Users (SAFU) into USDC stablecoin. This…
Upbit Halts High-Value Crypto Transactions Over Regulatory Changes
Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for digital assets exceeding 1 million Korean won (approximately $721). This decision is…