Industry News
Katena wins its lawsuit against mining firm Coinmint
Crypto technology firm Katena Computing has received a favorable ruling from a panel of arbitrators in its ongoing legal performance with crypto mining company Coinmint. The ongoing tussle between the two firms is centered around a purchase agreement worth $150 million. Mining firm Coinmint alleged that the tech firm and DX Corr deceived it into…
HSBC rolls out tokenized gold for Hong Kong retail investors
Renowned financial institution HSBC has entered the blockchain technology industry by making tokenized gold available for retail investors in Hong Kong. This initiative makes HSBC the first bank to provide retail investors with a tokenized real–world asset (RWAs) on a blockchain platform. HSBC rolls out its gold token for retail investors According to its announcement,…
Munchables NFT-gaming project recovers from $62 million hack
It is illustrated that Munchables is one of the more recent NFT-Game projects that resulted in the $62 million hack, leaving the entire crypto community in an uproar. Ideally, these concerns were, however, answered through an unforeseen course of events that came after the developer behind the theft pointedly returned all the funds to the…
21Shares Introduces Toncoin Staking ETP on Swiss SIX Exchange
21Shares, a recognized cryptocurrency assets management firm, is going to list a new ETP which will target staking Toncoin(TON) token of The Open Network(TON) system. One of the recent ETPs launched is the 21Shares Toncoin Staking ETP (TONN) that was listed on the SIX Swiss Exchange and provides clients with a simplified approach to earning…
21Shares Introduces Toncoin Staking ETP on Swiss SIX Exchange
21Shares, a recognized cryptocurrency assets management firm, is going to list a new ETP which will target staking Toncoin(TON) token of The Open Network(TON) system. One of the recent ETPs launched is the 21Shares Toncoin Staking ETP (TONN) that was listed on the SIX Swiss Exchange and provides clients with a simplified approach to earning…
Munchables’ former developer behind the hack returns stolen funds
Munchables was hacked, and $63 worth of Ethereum was stolen and eventually returned without any ransom to the hacker. This shows vulnerability on defi platforms It fell victim to hacking, and Ethereum was withdrawn from the platform .it was swift to announce the exploit and update it on its official x account, formerly Twitter. The…
KuCoin claims stability and safety following US indictment
KuCoin faces legal issues with Southern District of New York prosecutors (SDNY) as well as the Commodity Futures Trading Commission after being accused of conducting an unregulated agency that transferred money and failing to fulfill the anti-money laundering (AML) requirements under section 21 of the Bank Secrecy Act, Cryptopolitan reported earlier. Regardless of the ongoing…
Ripple CTO David Schwartz criticizes Elon Musk as judge dismisses X lawsuit
Judge Charles Breyer Dismisses X Corporation’s Lawsuit Against the Center for Countering Digital Hate: Implications on Free Speech and Social Media Platform Responsibilities In a significant ruling, Judge Charles Breyer dismissed the lawsuit filed by X Corporation, now rebranded as X under the leadership of Elon Musk, against the Center for Countering Digital Hate (CCHD)….
Trading activity on Coinbase International hits new heights with $6.23B record
Record-Breaking Daily Trading Volumes and Rally in Coinbase International Exchange March 2023 has been a remarkable month for Coinbase International Exchange, with daily trading volumes consistently surging above the $1 billion mark. This trend was only disrupted five times throughout the month, when the figures fell below this threshold. The significant uptick in trading volumes…
Investors call for delay in South Korea’s crypto tax implementation
South Korean Cryptocurrency Investors Petition for Tax Delay and Enhanced Regulatory Oversight South Korea’s cryptocurrency market has witnessed significant growth, making it a global hub for digital asset trading. However, this thriving sector is currently facing two major challenges: the impending introduction of taxes on cryptocurrency gains and concerns over regulatory oversight of local exchanges….
Crypto firms linked to Russia face US sanctions for evasion
Recent OFAC Sanctions Target 15 Entities and Individuals Facilitating Cryptocurrency-Related Services for Evading Russian Sanctions The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against 15 entities and two individuals who have been aiding the potential evasion of U.S. sanctions on behalf of Russian nationals through cryptocurrency-related services. OFAC emphasized…
Russian crypto mining sector moves towards legalization
Russian Cryptocurrency Industry Leaders and Executives Unite to Draft Bill for Legalizing Crypto Mining in Russia The cryptocurrency industry in Russia is taking a significant step forward, as leaders and business executives have collaborated to draft a bill that seeks to legalize crypto mining in the country. This groundbreaking initiative was revealed at a cryptocurrency…
UAE Central Bank launches Digital Dirham strategy for wholesale and retail use
The Central Bank of the United Arab Emirates (CBUAE) has taken a significant step forward in its digital currency journey with the announcement of the initial phase of its central bank digital currency (CBDC) strategy. This important development marks the UAE’s progression towards embracing digital currencies in the region. Collaborative Efforts and Implementation Phases The…
FTX estate plans to sell $884M stake in AI firm Anthropic
FTX Estate Announces Plans to Sell Two-Thirds of Its Stake in Anthropic for $884 Million The estate of the bankrupt crypto exchange FTX has made an announcement regarding its plans to sell a significant portion of its 8% stake in the artificial intelligence (ai) startup Anthropic. The deal is estimated to be worth approximately $884…
Bybit lists Notcoin for pre-market trading—here’s everything you need to know
Bybit, a prominent crypto exchange based in the United Arab Emirates, recently made an exciting announcement regarding the listing of Notcoin ($NOT), a meme coin with a significant presence within the Telegram ecosystem. The Pre-Market Trading platform of Bybit, an over-the-counter (OTC) trading solution tailored for new tokens prior to their official listing, welcomed $NOT…
CommEx set to halt operations as it suspends deposits
CommEx Announces Operational Suspension: A Significant Development in the Cryptocurrency Industry CommEx, the Russian counterpart of Binance, has recently made an announcement that has left a significant impact on the cryptocurrency industry. Following CommEx’s acquisition of Binance’s Russian business in an undisclosed deal back in September 2023, the platform has decided to cease operations. The…
Austin remains the most important crypto hub in the world
Austin: The Vibrant Heart of the Cryptocurrency Universe Nestled in the heart of Texas, Austin has solidified its position as the uncontested leader in the cryptocurrency world. This dynamic city successfully blends old and new, traditional and avant-garde, cementing its role as a beacon for the future of digital currencies. Amidst the bustling hustle and…
Arbitrum DAO Proposes $3.3 Million Memecoin Fund to Boost Ecosystem Growth
The Arbitrum Decentralized Autonomous Organization (DAO) is Pursuing an Innovative Strategy to Revitalize Its Ecosystem: A recent proposal put forth on the Arbitrum DAO forum by user 0xkawz has sparked significant debate and interest within the community, proposing a $3.3 million fund dedicated to supporting memecoins within the Arbitrum ecosystem. This strategy aims to capitalize…
Solana (SOL) signals bullish momentum, eyes all-time high
Solana’s Triumphant Transformation: Flipping Resistance into Support, Setting Sights on $250 Solana (SOL), the swiftly progressing cryptocurrency, has recently achieved an impressive accomplishment in its market performance. This milestone involves Solana successfully flipping a significant resistance level into support. Solana’s Ambitious Goal: Reaching the Coveted $250 The groundbreaking development in Solana’s price action was meticulously…
Larian Studios Moves Forward Post-Baldur’s Gate 3: What’s Next?
Recent Exciting News from Larian Studios: A Bright Future Ahead In a recent tweet, Adam Smith, the writing director at Larian Studios, shared his excitement about the studio’s upcoming project following the tremendous success of Baldur’s Gate 3. Smith’s tweet sparked speculation among fans about the renowned game developer’s future endeavors. A New Direction for…