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…
Trezor Enhances Self-Custody with New Onboarding Service and Advanced Hardware Wallet
Leading hardware cryptocurrency wallet provider Trezor is tackling the challenge of crypto usability by introducing Trezor Expert, a personalized onboarding service, and unveiling its latest hardware wallet, the Trezor Safe…
US Judge Approves Terraform Labs’ $4.5 Billion Settlement with SEC
In a significant legal decision, a United States district court judge has approved a $4.5 billion settlement agreement between Terraform Labs, its co-founder Do Kwon, and the Securities and Exchange…
Taiwan Forms Association to Promote Self-Regulation in the Crypto Industry
A coalition of cryptocurrency companies has come together to form the Taiwan Virtual Asset Service Provider (VASP) Association, aiming to establish self-regulatory standards for the digital asset sector in Taiwan.…
Chinese Court Sentences Group for Money Laundering Using Digital Yuan
A Chinese court has sentenced several individuals to prison for laundering money using the country’s central bank digital currency (CBDC), the digital yuan. This case underscores the complexities of digital…
SEC Chair Anticipates Approval of Spot Ether ETFs This Summer
United States Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the SEC may approve the listing and trading of spot Ether (ETH) exchange-traded funds (ETFs) within the…
European Commission Chooses Iota’s Web3 ID Solution for Blockchain Sandbox Initiative
The European Commission has selected Iota’s innovative Web3 Identification (Web3 ID) solution for the latest edition of its European Blockchain Sandbox Initiative (EBSI), underscoring the growing importance of decentralized identity…
KuCoin Reports $1 Billion in May Investments, Highlighting Ethereum’s Influence
KuCoin Research has revealed that the cryptocurrency sector attracted over $1 billion in investments during May 2024, a slight dip from April but showing notable interest in Ethereum and related…