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According to the report, the American crypto exchange Kraken has secured a major sponsorship deal with the Williams Racing F1 team, marking the first crypto company to ink a new deal in Formula 1 racing this year. The announcement comes amid a resurgence of crypto advertising in sports, despite last year’s high-profile meltdowns. The deal […]

General Bytes, a maker of Bitcoin ATMs, has announced that it will compensate its cloud-based clients who lost money in a security breach that compromised their hot wallets. On March 17 and 18, a cybercriminal successfully breached security protocols, acquiring confidential data such as passwords, private keys, and funds from hot wallets by remotely infiltrating […]

Bitcoin has unexpectedly gained momentum during the banking crisis. Still, investors seeking to increase their investments face the challenge of low liquidity, causing a potential for volatile price swings. Since March 10th, when Silicon Valley Bank’s (SVB) failure sent shockwaves through mainstream markets, the leading cryptocurrency’s price has soared by 40%, reaching around $27,700. However, […]

The United States government holds more Bitcoins (BTC) than Tesla and MicroStrategy, the world’s largest Bitcoin holders. As of March 27, Dune data shows that the US government has more than 205,000 BTC. This amount represents more than 1% of the current circulating supply. Additionally, the holding is estimated at $5,734,743,113 currently. Trackers disclosed that […]

Despite the ban on cryptocurrency in mainland China, multiple Chinese banks are endeavoring to broaden their range of services to include crypto companies that are operating in Hong Kong. Chinese state-owned banks have surprisingly come out as regional supporters of cryptocurrency companies that are set up in Hong Kong for the upcoming introduction of a […]

U.S. Department of Justice (DOJ) has sentenced Michael Stollery, CEO of Titanium Blockchain, to four years in prison, terminating the 2018 initial coin offering (ICO) debacle that defrauded investors of $21 million. Stollery, the founder of Titanium Blockchain Infrastructure Services (TBIS), played a significant role in a fraudulent crypto scheme that unfolded between late 2017 […]

The North Carolina-based First Citizens Bank & Trust Co will buy failed Silicon Valley Bank’s (SVB) loans and deposits. On Sunday, the U.S. Federal Deposit Insurance Corporation (FDIC) disclosed the agreement just over two weeks after the collapse of Silicon Valley Bank, a California lender. SVB’s collapse earlier this month fueled fears about the stability […]

Binance announced the opening of its brand-new blockchain hub in Georgia, as part of its strategy to expand globally, according to a March 27th blog post. The exchange aims to promote crypto adoption by creating more job opportunities and attracting talent to the Georgian blockchain sector. Additionally, they seek to promote industry education. The “Web3 […]

In 2009, Bitcoin (BTC) was launched. It was designed to act as a means of payment independent of the control of groups, individuals, or entities. However, it eliminated the need for third parties to engage in currency transactions. Realizing that the flow of Bitcoin transactions would become a severe obstacle to Bitcoin’s scalability, Charlie launched […]