Industry News
Let’s talk Sam Bankman-Fried: What to expect from his sentencing
Sam Bankman-Fried, the ex-FTX CEO, is on the edge of his seat as March 28 approaches. That’s the day he finds out if he’s walking free or starting a long stint in prison after being found guilty of seven serious crimes.news/sam-bankman-fried-sentencing-hearing” rel=”nofollow noopener” target=”_blank”> Judge Lewis Kaplan of the New York Southern District is the…
Ethena prepares for governance token launch with a major airdrop
Alongside the significant move in the DeFi sector, Ethena, the protocol that governs USDe, a $1.3 billion token, will launch its ENA governance token soon. The most important action follows on April 2nd when the project enters its new phase, facilitating the release of 750 million ENA tokens, or 5% of the entire supply, distributed…
Ripple faces criticism from Forbes over XRPL’s role in global finance
In the latest article, Forbes has classified thecommunity-engage-in-talks-over-potential-usdc-support/” target=”_blank” rel=”noopener”> XRP Ledger (XRPL) and 19 other blockchains as not really working – to the point of calling them “zombie chains”. The research claims that these networks, among them XRPL, need more substantial use despite their presence within the blockchain ecosystem for more than a decade….
U.S. Judge dismisses antitrust lawsuit against Apple filed by Venmo and Cash App users
Vince Chhabria, a United States District Judge, has thrown out an antitrust suit against Apple, which was filed by Venmo and Cash App customers. The complaint which was launched in San Jose on November 17, 2023, accused Apple of anti-competitive practices within the iOS App Store. Accusations pointed at Apple’s restrictive policies that apparently had restrained…
Square Enix’s Bold Move: Injecting $14 Million into Elixir Games
Elixir Games has just received $14 million in seed funding. The round of funding is supported by Square Enix, the creators behind epic titles like Final Fantasy, alongside Shima Capital and the Solana Foundation. This signals that the gaming world is on the brink of something new and exciting. A fresh take on gaming The…
Casa Launches Global Inheritance Solution for Secure Digital Asset Transfer
Casa, a leading provider of self-custodial digital asset solutions, is taking a significant step forward by making its innovative inheritance product available to customers worldwide. This move aims to address what Casa identifies as the most pressing issue in self-custody: ensuring the safe transfer of digital assets, such as bitcoin, ether, and stablecoins USDT and…
Zircuit Unveils Build-to-Earn Program to Boost Ecosystem Growth
Zircuit is a cutting-edge ZK roll-up platform known for its full EVM compatibility, parallelized circuits, and ai-enhanced security. Zrcuit announced the launch of its Build to Earn program. The initiative which is designed to reward builders, founders, and community members who actively contribute to the Zircuit ecosystem. This initiative also has significant support from industry…
Hashdex and Tidal partner to introduce groundbreaking Bitcoin ETF
Hashdex Asset Management Ltd. and Tidal Investments LLC have transformed the investment landscape. They have renamed the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF (DEFI). This ETF, under ticker NYSE Arca: DEFI and CUSIP: 88634V100, is a spot Bitcoin fund. It follows the NQBTCS – from March 27, 2024. This key development denotes…
KuCoin Launches $10M Airdrop Following US Legal Charges
KuCoin, a cryptocurrency exchange, has released information that covers a $10 million airdrop of Bitcoin (BTC) and KuCoin (KCS) token. This news was brought by the CEO, Johnny Lyu, in a community–support” target=”_blank” rel=”noreferrer noopener nofollow”>blog post on the exchange’s Website on March 27. The announcement was made shortly after the United States Justice Department…
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…