Crypto
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. […]
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 […]
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 […]
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 […]
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 […]
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 $35 million in digital assets taken. On June 4, 2023, BleepingComputer revealed this troubling news. Atomic Wallet is a digital currency wallet that runs on Windows, Android, iOS, macOS, and Linux. However, because of concerns about extensive […]
Ethereum ($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 […]
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 […]
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 […]