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…
Binance today announced it has plans to integrate Bitcoin Lightning Network as part of measures to prevent congestion on the exchange. The exchange said this after Bitcoin transactions caused congestion on the platform, leading to suspension of withdrawal twice in one day….
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…
On April 29, the second largest payment platform, Mastercard, launched a new crypto credential platform. Mastercard Crypto Credential’s platform aims to support the customer to comply with the verification requirements. The developers of Mastercard’s new products confirmed utilizing emerging technologies to mitigate…
On April 27, the United States Department of Justice (DoJ) issued a press release revealing the court decision on the former chief financial officer of the African Gold Acquisition Corporation (AGAC) Cooper Morgenthau case. The report stated Morgenthau would be placed behind…
An April 27 announcement captured by reporters from The New York Times revealed that the Federal Bureau of Investigation (FBI) launched an investigation to search the home of former FTX executive Ryan Salame. Residing from Potomac, Maryland, the FBI officials raided Samale’s…
The CEO of Bittrex Global, Oliver Linch has declared the company’s intention to fight charges filed against it by the securities and exchange commission (SEC) in court. Linch said the SEC was “mistaken” in charging the exchange with security laws violations. Bittrex…
An official announcement from Good Luck Games, the developers of video games, including the famous Storybook Brawl (SBB) has announced plans to sunset its operation. The April 25 announcement revealed that the Bahamian crypto exchange FTX’s departure from the digital space negatively…
Top crypto exchange Coinbase has filed a suit asking the securities and exchange commission (SEC) in the United States to answer questions on regulatory guidelines for the crypto industry. This comes after the SEC sent a Wells notice to the exchange threatening…
Key Insights: Dogecoin’s similarities with Bitcoin could make it difficult for the SEC to regulate as a security. The Dogecoin Foundation board member believes the cryptocurrency could break into the top three. The regulatory landscape around cryptocurrencies is constantly evolving, making it…
Key Insights: Binance.US has made significant progress in acquiring bankrupt crypto lender Voyager Digital after facing several regulatory hurdles. The agreement between the Uncensored Creditors Committee (UCC) and the U.S. government is a significant milestone in the acquisition process. The acquisition is…
Key Insights: The #FireGaryGensler hashtag has gained traction on Twitter, with industry figures criticizing Gensler’s actions as the SEC Chair. U.S. Representative Warren Davidson plans to introduce legislation aimed at removing Gary Gensler from his position. The SEC’s move to redefine “exchange”…
Key Insights: IMF and DCMA launched a CBDC called UMU to improve cross-border transactions. UMU uses SPOT protocol, AI-powered monetary policy framework, and global localization architecture. UMU aims to provide a solution for central banks while mitigating currency depreciation. During the IMF…
Key Insights: FTX, a cryptocurrency exchange, announced the recovery of $7.3 billion and may consider reopening its exchange in the second quarter of 2024. The FTT market has experienced a significant decline in investor confidence and market activity, leading to a drop…
Key Insights: After FTX’s possible reopening, FTT tokens rose 102.7%, but cryptocurrency analyst Michael Van de Poppe recommended against buying them. FTX is exploring reopening as one of many options, but a decision has yet to be made, and significant funding is…
