The famous Bitcoin payment company Strike has revealed plans to broaden its market presence to over 65 countries. On May 19, the Strike chief executive officer Jack Maller conveyed an advanced report on the company expansion plan. Before this, Strike announced plans…
The Wyoming-based financial institution Custodia Bank plans to launch Bitcoin custodial service for its diverse clients. Speaking at the Bitcoin 2023 panel in Miami, Custodia Bank chief executive Caitlin Long stated that the diversification of businesses had compelled companies to separate the…
On May 17, the Brookly-based decentralized crypto exchange Uniswap revealed plans to go live on the Polkadot multichain network Moonbeam. During an interactive session hosted by Blockchain at Michigan, the community voted for launching Uniswap on the Polkadot network. The completed Blockchain…
UK members of parliament have called for regulation of crypto in the same category as gambling business. The country’s treasury committee made this recommendation citing the risks and uncertainties associated with crypto investing, such as price volatility A report released by the…
An official report from the popular stablecoin issuer Tether reveals that the company will heavily invest in purchasing Bitcoin (BTC) to strengthen the excess reserves. The May 17 report disclosed that the company would allocate approximately 15% of the profits to purchase…
On May 16, the leading crypto exchange in the US, Coinbase, suspended the Ethereum (ETH) staking rewards due to technical challenges. The Coinbase team revealed that the suspended ETH staking platform would continue to allow the user to earn rewards which will…
On May 12, the second largest blockchain by market capitalization, Ethereum, suffered technical challenges that disrupted the operation network on the finalizing blocks for over an hour. The Ethereum finality issues created embroiled debates among consumers. A scrutiny of the market critics…
The leading consumer electronic company in South Korea LG has submitted a patent to the World Intellectual Property Organization (WIPO). The patent allows LG users to trade their nonfungible tokens (NFTs) on the TV set. The team behind LG’s latest development confirmed…
Number one crypto exchange Binance has folded up in Canada, citing a harsh regulatory environment. The top exchange has been in operation in Canada for many years, but suddenly announced it was moving out of the country for good. This comes as…
On Thursday, Solana Labs launched a new office in New York. The May 11 report came months after the prominent Solana bricks-and-mortar company ceased operating in New York and Miami due to the prolonged crypto winter. In their announcement, the Solana Labs…
The leading crypto exchange Binance has acknowledged that the regulatory environment in the US has made it difficult to do business while expressing a desire to seek regulation in the UK. The company’s chief strategy officer Patrick Hillmann mentioned this During the…
An official tweet from President Joe Biden revealed the famous MAGA House Republicans supported tax loopholes to benefit the wealthy crypto entrepreneurs in America. The President’s tweet was against the MAGA action that threatened the country’s food security investigations. The President’s May…
The prominent Bitcoin mining company Cipher has invested in purchasing 11000 mining machines. The Cipher team issued a press release dated May 9 concerning the purchases of the Bitcoin miners. In the announcement, the Cipher group confirmed that the purchases aimed at…
An official announcement from Coinbase chief executive Brian Armstrong revealed that part of his team plans to visit the United Arabs Emirates (UAE) to evaluate the suitability of establishing a universal strategic hub. Armstrong stated that Coinbase top executives have arranged for…
The United States Justice Department (DOJ) national security division is investigating Binance for allowing Russians to us the exchange when the country was being sanctioned. The agency says that the action was a violation of U.S sanctions. According to a Bloomberg report,…
On Thursday, the prominent financial and data company Fedi yielded $17 million in a series A funding round. The Fedi team announced that the funds would be utilized to increase Bitcoin adoption. The tech company plans to improve the usability and accessibility…
An official report from crypto trading platform INX dated May 3 confirms the launching of a unique Web3 wallet for institutional clients. The announcement revealed that the INX developer collaborated with BitGo infrastructure experts to develop the new wallet. The team behind…
The Singaporean crypto mining firm Bitdeer Technologies has partnered with the Bhutan Kingdom investment arm Druk Holding and Investments (DHI) to establish a digital mining centre. The partners plan to invest in developing a zero-carbon crypto mine in the smallest state in…
Leading American crypto exchange Coinbase has launched a derivatives arm for its exchange outside of the United States. The platform will be offering Bitcoin and Ethereum “perpetual futures” to non-US users, since this form of trading is prohibited in the US. The…
On May 2, the Dubai-based crypto exchange ByBit released a unique lending platform for its diverse users. The new product ByBit Lending will allow users to earn interest on payouts. The ByBit community was delighted to announce that the lending platform will…
