Crypto

Ethereum Co-founder Moves $40M In $ETH Amid SEC’s Binance Charges
Ethereum

Ethereum Co-founder Moves $40M In $ETH Amid SEC’s Binance Charges

Jeffrey Wilcke, the co-founder of Ethereum ($ETH), has made a transfer in a surprising move. He delivered over 22,000 tokens worth around $40 million of the second-biggest cryptocurrency by market value. A significant cryptocurrency exchange received the tokens. This transfer originated right before the United States (SEC) stated that it had filed charges over Binance. […]

Jun. 7, 2023
El Salvador’s Push For Green Bitcoin Mining Amid Controversy
Bitcoin

El Salvador’s Push For Green Bitcoin Mining Amid Controversy

El Salvador, which made history by being the first nation to accept Bitcoin as official money, now wants to spend $1 billion to set up a vast Bitcoin mining operation that uses green energy. The project has the support of the Salvadoran government, which made Bitcoin legal tender in 2021. The state “Bitcoin Office” shared […]

Jun. 7, 2023
Bitcoin Ordinals Unveils Upgrade To Address ‘Cursed Inscriptions’ Problem
Bitcoin

Bitcoin Ordinals Unveils Upgrade To Address ‘Cursed Inscriptions’ Problem

The creators of the Bitcoin Ordinals protocol have introduced a much-anticipated upgrade in a significant development. This upgrade aims to address the longstanding issue of “cursed inscriptions.” This upgrade aims to rectify over 71,000 invalid inscriptions, allowing them to be traded freely within the Bitcoin community. The move relieves many users who could not capitalize […]

Jun. 6, 2023
Crypto Tsar: UK Parliament’s Report On Crypto Regulation
Crypto

Crypto Tsar: UK Parliament’s Report On Crypto Regulation

The UK Parliame­nt’s Crypto and Digital Assets All Party Parliamentary Group (APPG) re­cently published a report to suggest 53 regulatory re­commendations to the governme­nt regarding the crypto and digital asset industry. The report is based on an official inquiry into the sector, which involved evidence sessions with industry experts, regulators, government officials, academics, and consumer […]

Jun. 6, 2023
Proposed Bill Targets SEC To Bring Crypto Regulatory Clarity For US Lawmakers
Crypto

Proposed Bill Targets SEC To Bring Crypto Regulatory Clarity For US Lawmakers

U.S. lawmakers have unveiled a draft bill to provide regulatory clarity for the crypto industry. The bill has the potential to label certain crypto assets as digital commodities. The United States House Financial Services Committee and the House Agriculture Committee issued the proposed legislation. It wants to create a functional framework to answer the concerns […]

Jun. 5, 2023
Crypto Assets Worth $35M Allegedly Stolen In Atomic Wallet Hack
Crypto

Crypto Assets Worth $35M Allegedly Stolen In Atomic Wallet Hack

Atomic Wallet, a well-known crypto wallet, was said to have been the victim of a massive security breach, with over $35 million in digital assets taken. On June 4, 2023, BleepingComputer revealed this troubling news. Atomic Wallet is a digital currency wallet that runs on Windows, Android, iOS, macOS, and Linux. However, because of concerns about extensive […]

Jun. 5, 2023
Ethereum ($ETH) Experiences Unprecedented Decrease In Exchange Supply
Ethereum

Ethereum ($ETH) Experiences Unprecedented Decrease In Exchange Supply

Ethereum, the second-biggest market-value cryptocurrency, is witnessing a significant dynamic shift. The supply of Ethereum on exchanges has reached an unprecedented low of 9.9%. This trend reflects a growing interest and trust in self-custody within the crypto community. According to Santiment, Ethereum’s migration to self-custody carries significant implications. Individuals secure their private keys, moving away […]

Jun. 3, 2023
Crypto Exchange Bybit Ceases Operations in Canada Due to Regulatory Changes
Crypto

Crypto Exchange Bybit Ceases Operations in Canada Due to Regulatory Changes

Bybit, a prominent cryptocurrency exchange, has made the decision to temporarily halt its services for residents and nationals of Canada due to recent regulatory developments in the country.  In a May 30 blog post, the exchange stated that it would no longer accept new account opening applications from Canadians starting May 31.  Existing users will have […]

May. 31, 2023
Hong Kong & UAE Central Banks Collaborate on Crypto Regulations & Fintech Advancements
Crypto

Hong Kong & UAE Central Banks Collaborate on Crypto Regulations & Fintech Advancements

Hong Kong and the United Arab Emirates (UAE) central banks have joined forces to enhance crypto assets regulations and foster the development of financial technology. In an official statement on May 30, the Hong Kong Monetary Authority (HKMA) revealed that it had engaged in discussions with the Central Bank of the United Arab Emirates (CBUAE) with […]

May. 31, 2023