In a strange turn of events, China, one of the countries with the strongest anti crypto rules, has announced it will boost non-fungible tokens (NFTs) and decentralized applications. This is part of China’s strategy to embrace blockchain technology, the technology upon which…
A report from the Montenegro court revealed that the founder of the Terraform Labs, Do Kwon, might not be extradited to the US. The court reversed its earlier ruling to extradite the disgraced crypto investor to either the US or South Korea. …
In an advanced report dated December 18, the prominent Bitcoin miner in Canada Hut 8 signed an interim agreement with Celsius creditors to establish a new mining site in Cedarvale, Texas. The bankrupt crypto lender Celsius Network has sought to attain its…
Second largest meme token by market capitalization Shiba Inu has partnered D3 in an effort to bring interoperable domains to web3. The partnership will see D3, a next-generation domain company assist SHIB to apply for the .shib TLD through ICANN during its…
American fintech giant and issuer of USDC, Circle has included Solana in its list of supported blockchains for its Euro-pegged stablecoin, EURC. This will allow EURC users the option to send and receive the stablecoin through the Solana network henceforth. By the…
An analyst from Bloomberg, James Seyffart says approval for a Bitcoin ETF in January has a high probability. The analyst stated this during a Scoop Podcast with he Block’s Frank Chaparro. Seyffart who is famous for his spot bitcoin ETF analysis and…
Top crypto exchange Coinbase has announced it will be challenging the decision of the securities and exchange commission (SEC) to deny the exchange’s new crypto rulemaking request. The exchange announced this through its chief legal officer Paul Grewal said Friday. Coinbase had…
As global leaders seek to promote financial inclusivity through the introduction of central bank digital currency (CBDC), Kazakhstan has joined the list of countries eying the implementation of the digital currency. In a recent report, the Kazakhstan authority was pleased to announce…
A recent report from the leading crypto manufacturer in Paris Ledger confirmed that hackers had launched a malicious attack. The incident was reported by a former employee who fell into the hacker’s trap after he clicked a phishing link. A review of…
The Commodities Futures Trading Commission (CFTC) has voted to propose a rule aimed at protecting customers making trades through a derivatives clearing organization. Tagged the “Protection of clearing member funds held by derivatives clearing organizations,” the rule would require DCOs, which are…
JP Morgan says Ethereum may outperform Bitcoin and other altcoins come 2024 because of the upcoming EIP-4844 upgrade next year. The upgrade will involve Protodanksharding, an initial step toward the full implementation of Danksharding, a more efficient form of sharding for Ethereum. …
In an advanced communication, a Japanese Web3-based platform, Line Next, generated $140 million in a funding round led by Crescendo Equity Partners. The multi-million investment was ranked among the largest capital raised by an Asian blockchain company. In the report, the Line…
Regulated DeFi platform Swarm has launched its permissionless platform for trading tokenized real-world assets, known as “Open dOTC”. The Berlin-based BaFIN regulated DeFi company launched the platform as a public good. Built on the Ethereum blockchain, Open dOTC uses decentralized over-the-counter (dOTC)…
Binance has kicked back against the securities and exchange commission (SEC) concerning its lawsuit which was filed against the exchange in June. The exchange and its founder Changpeng Zhao specifically challenged the “investment contracts” aspect of the lawsuit, demanding that the commission…
As the investors lament the loss of substantial funds in crypto investment, Massachusetts senator Elizabeth Warren has stepped up her game to intensify anti-crypto movements. For years, Senator Warren has remained at the forefront of safeguarding the crypto and finance industry from…
The rise of hacking activities linked to North Korean illicit groups has attracted the attention of global regulators to safeguard crypto investors from losses. In an advanced report, the national security officials from South Korean, the United States, and Japan held a…
The desire to become the burgeoning Bitcoin hub in Central America has inspired El Salvador to explore ways to attract more foreign investment. In a December 7 update, the Salvadorian authority launched an “Adopting El Salvador Freedom Visa Program” to invite forward-thinking…
`The CEO of Grayscale Michael Sonnenshein has expressed optimism concerning the approval of a Bitcoin ETF following his interaction with the securities and exchange commission (SEC) on the matter.` The crypto community has been looking forward to a Bitcoin ETF approval, part…
In an official communication, the prominent Bitcoin-oriented marketplace Babylon generated $18 million in a Series A funding round. The successful fundraising was led by the leading investment company in San Francisco, Polychain Capital, in collaboration with Hack VC. Other participants included in…
A Democrat lawmaker and known crypto critic Maxine Waters has called for a session with the securities and exchange commission (SEC) for a group of lawmakers to take a closer look into crypto. Waters recommended the session with a view to seeing…
