Bitcoin Sees Yearly Peak in Transaction Value with $25 Billion Transferred
On May 28, the Bitcoin network witnessed a significant surge in transaction value, reaching over $25 billion, marking the highest dollar value recorded in the past year. This peak reflects…
OKX Launches New Crypto Exchange and Wallet in the Netherlands
OKX, a major global cryptocurrency exchange, is expanding its presence in Europe with the official launch of a local trading platform and a Web3 wallet in the Netherlands. This strategic…
Frax Finance’s X Account Compromised, CEO Suspects Insider Involvement
The crypto lending platform Frax Finance recently experienced a security breach of its X social media account. This incident has sparked concerns within the crypto community and raised questions about…
SEC Commissioner Proposes Safe Environment for Digital Securities Trials
SEC Commissioner Hester Pierce has recently advocated for the creation of a cross-border sandbox initiative to facilitate joint experiments in digital securities between blockchain companies in the U.S. and the…
Unlicensed Crypto Exchanges Required to Exit Hong Kong Market
The Hong Kong Securities and Futures Commission (SFC) has mandated all cryptocurrency exchanges operating without an official license to cease their activities in the region immediately. This regulatory crackdown aims…
Robinhood Launches Crypto Trading API for U.S. Traders
Robinhood, a leading stock trading app, has expanded its technological offerings with the introduction of a crypto trading application programming interface (API) tailored for U.S. users. This strategic move is…
Concerns Arise in Nigerian Crypto Community Over Davido’s Meme Token
Afro-pop sensation Davido has recently ventured into the cryptocurrency market with the launch of his own meme token, DAVIDO. However, this move has sparked controversy and criticism within the Nigerian…
Mastercard Launches Crypto Credentials P2P Pilot Program
Mastercard has initiated a pilot program for its innovative crypto credentials system, aimed at enhancing the security and efficiency of cryptocurrency transactions. This initiative marks a significant step in the…
Survey Reveals Most Gamers Unfamiliar with Blockchain Gaming
Despite the growing buzz around blockchain games like Axie Infinity, Gods Unchained, Star Atlas, Decentraland, and The Sandbox within the blockchain community, their penetration into the mainstream gaming community remains…
Uplink CEO Predicts Next $1 Trillion Firm to Emerge from DePIN Sector
The rapid expansion of the decentralized physical infrastructure network (DePIN) sector suggests that the next $1 trillion enterprise could emerge from this innovative field. Uplink’s co-founder and CEO, Carlos Lei…
Binance France President Highlights TradFi Investment Surge Due to Bitcoin ETFs
The recent approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has marked a significant shift in the landscape of traditional finance (TradFi), creating a robust channel for…
Hashdex Retracts Application for Spot Ether ETF
Investment manager Hashdex recently withdrew its application for a spot Ether exchange-traded fund (ETF), a notable development in the evolving landscape of cryptocurrency investment products. This decision came shortly after…
Dorsey-Backed Bitcoin Mining Pool Establishes Headquarters in El Salvador
Ocean Mining, a Bitcoin mining pool endorsed by Jack Dorsey, co-founder of Twitter (now X), is establishing a significant operational base in El Salvador, positioning itself as a global player…
Gemini Distributes $2.18 Billion to Earn Users After 18-Month Freeze on Withdrawals
Gemini, a prominent crypto exchange, has initiated the restitution of funds to users of its discontinued lending program, Gemini Earn. This move comes after an 18-month suspension of withdrawals, marking…
PayPal Extends PYUSD Stablecoin to Solana for Enhanced Payment Solutions
PayPal has strategically selected the Solana blockchain to broaden the utility of its stablecoin, PayPal USD (PYUSD), marking a significant expansion beyond its initial deployment on the Ethereum network. This…
Animoca Co-Founder Forecasts Crypto Market Value to Reach $200 Trillion in a Decade
In a recent episode of The Valr Podcast, Yat Siu, co-founder of the Hong Kong-based gaming software company and venture capital firm Animoca Brands, offered a highly optimistic projection for…
Hospitality Employee Sentenced for Laundering $2.5 Billion in Bitcoin
A hospitality worker in the United Kingdom has been sentenced to six years and eight months in prison after being convicted in a specialized court for laundering $2.5 billion worth…
Israel Initiates Digital Shekel CBDC Pilot for Payment Solutions
Israel is set to accelerate the development of its central bank digital currency (CBDC), the digital shekel, aiming to revolutionize its digital payments landscape. The Bank of Israel (BoI) is…
Regulatory Warning Prompts Ownership Transition at Binance France
In a significant shift in its corporate structure, Binance France has introduced new shareholders who now hold complete and equal ownership of the company. This change was propelled by a…
Analyst Reports $2.7 Billion Spent on Electricity for US Bitcoin Mining in 2024
In the first few months of 2024, Bitcoin miners in the United States incurred a substantial financial outlay for electricity, totaling approximately $2.7 billion. This spending underscores the significant energy…