The mining difficulty level of the Bitcoin network had been increasing for the last four times, but it finally recorded a decline in 68 days. On Tuesday, the Bitcoin network’s mining difficulty recorded a fall of 2.14% when the block height stood…
Gavin Newsom, the Governor of California, vetoed a statewide bill that was aimed at creating a framework for crypto regulation and this move has crypto proponents cheering. The governor sent a memo on Friday in which he provided details of the veto….
FTX US has recently made a major announcement in regards to winning the assets that once belonged to the highly troubled lending platform Voyager Digital. FTX US Wins the Auction FTX US, a major cryptocurrency exchange based in the United States has…
For those who are already or are planning to adopt Robinhood to perform cryptocurrency trades, the mobile-based crypto trading application has an announcement for them. The online broker known mainly for cryptocurrency trading has announced that it has enlisted a new stablecoin….
After a long battle that took place between Ripple Labs and the US SEC, it seems that things are finally close to settling. As things seem to be going in favor of Ripple, therefore, it has made the final statement, requesting the…
It has been 5,012 days since the Bitcoin network first began operating and up until now, a total of 755,000 blocks have already been mined. Last year, the top two miners last year were Antpool and Foundry USA and the two mining…
The largest cryptocurrency exchange in the United States has made a major announcement in regard to its business expansion. The exchange has announced that it is constantly expanding its business throughout the world. The exchange is currently targeting the European region and…
Crypto payments firm Ripple Labs introduced the cryptocurrency that is widely known as XRP and the token saw an 11% increase in its value on Friday morning. This comes after a strong week of gains for the crypto driven by the hope…
Immunefi recently announced that it had managed to raise $24 million in a Series A funding round that was led by Framework Ventures. The popular bug bounty system for decentralized finance (DeFi) projects and smart contracts made the announcement in a press…
On Tuesday, lawmakers were informed by an official of the US Department of Treasury that cryptocurrencies could be used for sanction evasions by Russia. The official stated that Russian President Vladimir Putin may use these virtual currencies for evading the sanctions that…
On Monday, the US Securities and Exchange Commission (SEC) filed a federal lawsuit against Ian Balina for not registering a crypto as a security before he conducted an initial coin offering (ICO) in 2018. At first glance, everything appeared to be standard…
The accounting guidance from the US Securities and Exchange Commission (SEC) has upended the cryptocurrency projects of banks. According to people with knowledge of the matter, this is because the guidance would make it too capital-intensive for banking institutions to hold crypto…
On September 16th, a first-ever ‘Comprehensive Framework’ was unveiled by the White House, which is aimed at the development and regulation of crypto assets in a responsible manner. It essentially outlines the recommendations and conclusions of different federal agencies that had been…
The financial services provider and digital asset custody business, Bitgo recently disclosed that it had recently filed a lawsuit against Galaxy Digital. The company said that it had decided to sue the crypto company for damages of over $100 million. It said…
The Chamber of Digital Commerce has recently made a statement that involves the US SEC and what it will need to do with incoming ETF requests. SEC to Approve Requests for ETF The Chamber of Digital Commerce, the crypto advocacy group has…
The Wazirx crypto exchange said that its bank accounts were unfrozen by the Enforcement Division (ED) in India. The accounts had previously been frozen due to an investigation launched by the federal agency into 16 fintech firms and instant loan applications. The…
The parent company of Facebook, Meta is working on its new venture into the metaverse, but a number of US senators have made a demand on its chief executive, Mark Zuckerberg. They want him to prove that the social media company takes…
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) spoke at an industry conference where he said that is in favor of handing the CFTC the responsibility of overseeing the crypto space. Crypto oversight The SEC chair said that Congress…
The latest reports suggest that a new lawsuit has been filed against the US Department of Treasury in the US District Court. The lawsuit has been filed by six users from the cryptocurrency industry involving Tornado Cash and Ethereum blockchain. Six Users…
Once again, the Huobi exchange has found itself under hot waters and this time, it is the regulators in Malaysia that have stepped up against the exchange. SC of Malaysia adds Huobi to Alert List The reports have just come in from…
