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…
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…
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…
Ubisoft Cancels Free-to-Play Division Heartland
Ubisoft has officially halted the development of “The Division Heartland,” a previously announced free-to-play title in its popular survival-action shooter series. Initially slated for release in late 2021 or 2022,…
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…
UN Report: North Korea Funneled $147.5 Million Through Tornado Cash
In a startling development reported by Reuters, entities linked to the North Korean regime reportedly used the privacy-enhancing protocol Tornado Cash to launder approximately $150 million in stolen cryptocurrency in…
Solana Developer Admits to Gambling $300,000 of User Funds
Hoak, a core developer of Cypher Protocol, a Solana-based decentralized exchange (DEX), has publicly admitted to misappropriating nearly $300,000 from user funds and losing them through gambling. In a revealing…
Meta Faces EU Probe Over Child Safety and Behavioral Addictions
The European Commission has officially launched a rigorous investigation into Meta Platforms Inc. to assess potential violations of the Digital Services Act (DSA). This investigation targets the social media giant’s…
$20 Million Hack Paralyzes Sonne Finance, Hacker Unresponsive to Negotiation Efforts
On the evening of May 14, Sonne Finance, a prominent lending protocol, experienced a severe security breach that resulted in the theft of $20 million in cryptocurrencies. The hack targeted…
Massive Influx of Over 1 Million New Crypto Tokens Since April Marks Industry Boom
The cryptocurrency landscape has experienced a significant boom in token creation, with more than one million new tokens introduced since the beginning of April across various platforms, predominantly on Ethereum…
Deutsche Bank Partners with Singapore’s Central Bank on Pioneering Asset Tokenization Project
Deutsche Bank, the German multinational banking and financial services company, has embarked on a groundbreaking collaboration with the Monetary Authority of Singapore (MAS) to advance asset tokenization. This partnership is…
UK Authorities Shut Down Crypto Academy Over Deceptive Investment Advice
The United Kingdom’s regulatory authorities have taken decisive action against Amey Finance Academy, a crypto training establishment accused of misleading consumers into participating in high-risk, loss-inducing investment schemes, including a…
Instagram Expands Its Creator Marketplace to 10 Additional Countries
Instagram is broadening the scope of its creator marketplace, now reaching 10 additional countries, enhancing the platform for brands and creators to collaborate effectively. Initially rolled out in the U.S.…
Crypto Employment Flourishes in Early 2024, Yet Faces a Setback in April Amid Market and Regulatory Fluctuations
The cryptocurrency sector experienced a robust hiring trend in the first quarter of 2024, showcasing quarter-on-quarter growth with leading companies like Coinbase and Binance ramping up recruitment efforts. Despite this…
Vitalik Buterin Quickly Drafts Well-Received Ethereum Wallet Improvement Proposal
A recent technical initiative aimed at enhancing Ethereum wallets encountered some resistance, prompting Vitalik Buterin, the blockchain’s co-founder, to step in with an alternative solution. Remarkably, it took him just…
Sony Appoints New Co-CEOs to Lead PlayStation
Sony has unveiled a significant leadership transformation within its PlayStation division, appointing Hermen Hulst and Hideaki Nishino as co-CEOs, a move set to take effect from June 1st. This change…
Nvidia proudly unveils quantum computer centers powered by the new CUDA-Q platform.
Nvidia has announced a significant advancement in its quantum computing initiatives, revealing plans to enhance quantum computing capabilities at national supercomputing centers worldwide using the open-source Nvidia CUDA-Q platform. Supercomputing…
Peter Thiel’s Founders Fund and Vitalik Buterin Lead $45 Million Funding Round for Polymarket
Polymarket, a prediction market platform utilizing cryptocurrency, is experiencing significant growth during the lead-up to the U.S. presidential election. The platform recently secured $45 million in a Series B funding…
Significant Drop in Bitcoin Mining Difficulty Last Week Marks Largest Since Last Crypto Winter: Bernstein Report
In a notable shift within the cryptocurrency mining industry, Bitcoin (BTC) mining difficulty decreased by approximately 6% last week, marking the most significant decline since the crypto winter of December…