XRP hit the highest trading volume of 4.8 billion in three months, data from on-chain analytics firm Santiment says. This is in spite of the ongoing court battle with the U.S. security and exchange commission (SEC). The XRP token hasn’t only hit…
The UK has decided to implement the Financial Action Task Force’s Travel Rule, effective September 1 2023. This is in an attempt to apply anti-money laundering and counter-terrorist financing regulations to on-chain activities. Consequently, the Financial Conduct Authority (FCA) will now require…
Cambridge Bitcoin Electricity Consumption Index (CBECI), a renowned institution providing real-time electricity consumption estimates, has completed revising the computation approach. The successful reassessment aims to improve the index estimates’ accuracy and reliability. Since 2019, the CBECI has supported Bitcoin mining activities by…
Google Cloud head of Web3 James Tromans has expressed his optimism about the role of artificial intelligence (AI) in developing smart contracts and conducting audits. The executive mentioned that the ongoing AI craze has inspired investors to transition from crypto space to…
Crypto derivatives and copy trading platform Bitget has entered partnership with leading provider of institutional-grade digital asset data, CCData to improve services for institutional investors. The partnership confirms Bitget’s commitment to excellence as it brings comprehensive data solutions tailored for institutional investors….
Coinbase, the largest crypto exchange by daily trading volume in the US, has issued a report outlining the future of the crypto sector. A statement by the chief executive of Coinbase, Brian Armstrong, highlighted the strategies the developers can utilize during the…
Cryptocurrency platform SEBA Bank has secured an in-principle approval to operate in Hong Kong. The license gives the crypto bank the right to offer crypto-related services in the Chinese administrative region. The license makes SEBA Hong Kong the first licensed corporation in…
An advanced report issued by Binance reveals that the crypto exchange seeks to widen its market presence in Latin America by extending its offering. The August 30 report shows that the crypto exchange has officially launched a unique crypto-to-bank account to facilitate…
The crypto market has seen a sudden rally today 29 August after many days of sideways movement. As a result, Bitcoin’s price has jumped back to over $28,000 for the first time in weeks. Bitcoin crashed below $30,000 a few weeks ago…
An announcement conveyed by the largest crypto exchange by daily trading volume, Binance, revealed that the firm is seeking to exit the Russian market. The report demonstrated the controversial crypto exchange plans to wind down its operation in Russia due to the…
Three Republican lawmakers have accused the Federal Reserve of delaying the progress of the Stablecoin regulation bill. The three lawmakers, House Financial Services Committee Chair Patrick T. McHenry, R-N.C., Rep. Bill Huizenga, R-Mich., and Rep. French Hill, R-Ark., stated this in a…
An update feature on the Russian News outlet “VC.RU” demonstrated that Bybit and OKX had delisted the peer-to-peer (P2P) transactions facilitated by the local banks. The announcement indicated that Tinkoff and Sberbank will no longer support the payment made to the crypto…
Hashkey, the popular crypto exchange in Hong Kong, is set to begin its retail trading on Monday, August 28. Addressing the local news site, the Hashkey team will support the buying and selling of Bitcoin to retail clients. The report demonstrated that…
An update on X (formerly Twitter) urged the crypto builders to flee from the U.S. market. The founder of the San Francisco decentralized exchange dYdX, Antonio Juliano, advises crypto investors at early growth stage to suspend their U.S. operations for the next…
The Pepe team has confirmed that three of its former team members have stolen about 16 trillion PEPE, worth roughly $15 million. The funds were reportedly stolen from the project’s multisig wallet. The culprits later sold the tokens on crypto exchanges and…
Bankrupt crypto exchange FTX, and insolvent digital asset lenders BlockFi and Genesis have come under a SIM swap attack leading to leaking of their customers’ data. Bankruptcy claim vendor in charge of the three companies, Kroll confirmed the incident in a statement…
The U.S. treasury and internal revenue service (IRS) have rolled out new rules for reporting crypto tax in the country. The new rules will require brokers and exchanges to report certain sales on crypto from bitcoin to NFTs to close the tax…
Lately, Web3 adoption has grown exponentially due to increased awareness of the benefits of blockchain and crypto technologies. The spur adoption of Web3 technologies has inspired developers to invest in developing advanced software to improve ownership, control, and privacy in the crypto…
In an X post (formerly Twitter), Num Finance has released a stablecoin pegged to the Colombian local currency. The announcement revealed that the stablecoin dubbed nCOP was centered on the Polygon network. The nCOP aims to transform the remittance market, which has…
The cryptocurrency market has been down for months now, but the bearish trend got worse recently with Bitcoin dropping below $26,000. It was the first time the top cryptocurrency dropped below this level since March. However, the market has seen a slight…
