Binance Pursues Legal Action Against Fraudulent Billboard Advertisements in Turkey

Fraudulent individuals are making use of the attention digital currencies are receiving in Turkey. These individuals have devised a way to make use of the largest crypto company to its advantage.  How The Scam Works  The scammers have placed multiple billboards displaying Binance-related ads, hoping to gain from the recent popularity the business has achieved […]

Binance Faces Fresh Hurdles in Their Expansion to Spain

Binance’s expansion plans have met new challenges after Spain’s regulators asked the exchange to reduce its derivatives offerings. On Friday, the National Securities Market Commission told the globe’s largest trading platform to limit its derivatives services in the nation. Derivative trading is the speculation of the potential value of an underlying asset through the selling […]

Bitmex Founders Ordered to Pay $30M For Illegally Operating a Crypto Derivative Trading Platform and Anti-Money Laundering Violations

The founders of Bitmex were fined $30M for unlawfully running a BTC derivatives trading platform and anti-money laundering offenses, according to the court. Arthur Hayes, Samuel Reed, and Benjamin Delo all have to pay $10M. The Founders of Bitmex Have Been Fined $30M For running an unlawful bitcoin derivative trading platform and anti-money laundering offenses, […]

UK-Based App, Mode Reintroduces Bitcoin Affiliate Program With 12% Cashback

Mode application relaunched its affiliate program, allowing customers to earn 12% rewards in Bitcoin on qualified online transactions via the company’s app. Existing customers were limited to 5% cashback when it was newly introduced, while new users were given a one-time 10% cashback incentive. Furthermore, the company’s Bitcoin rewards program has been revamped with a […]

21Shares Prepared to Launch New ETP for Tracking BTC and Gold

Investing firm, 21Shares, is preparing to establish an ETP that will monitor both BTC and Gold prices. ETPs will start to trade on the SIX Swiss Exchange as soon as this week is over. Digital asset management Bytree and cryptocurrency exchange 21Shares have collaborated on an ETP named the BOLD ETP. BTC and Gold are […]

Binance Stops Apecoin Lending Following Skyrocketing Demand

Popular and controversial crypto exchange, Binance, has announced that it would no longer offer Apecoin lending on its platform as its supply of the token cannot meet its demand. Famous china-based crypto journalist, Collins Wu, was the first to observe the notification on the Apecoin lending page. The demand for Apecoin started increasing following the […]

Cuba’s Central Bank To Issue License For VASPs To Operate

The Central Bank of Cuba, Banco Central de Cuba (BCC), stated on the 26th of April that it would grant licenses to VASPs (virtual asset service providers) who are ready to provide crypto services in the country. According to the Central Bank’s decision, published in the Gaceta Official No. 43 on the 26th of April, […]

BAYC’s Native Token Is The New Number One Metaverse Token

BAYC’s native token (Apecoin) gained 7% during Wednesday morning’s trading session to exchange hands at $19.15. Thus, gaining nearly 23% in the last seven days. The gains in the price of Apecoin are linked to Yuga Labs’ proposed launch of the Otherside metaverse on April 30. Yuga labs, which owns BAYC NFT collections, further announced […]

Michael Saylor Allegedly Sells BTC Despite Pro-Crypto Stance

In recent years, the crypto community have only heard that the CEO of MicroStrategy, Michael Saylor, is actively purchasing Bitcoins. However, a recent report claims that Mr. Saylor may be unloading thousands of Bitcoins secretly. A report by BTC critic Mr. Whale claims that Saylor had been selling his crypto holdings for months despite advising […]

The Highly Expected Coinbase NFT Has Been Launched Finally

On Wednesday, top crypto exchange, Coinbase, confirmed speculations that its NFT platform is now in beta mode. The platform’s beta launch comes six months after the popular exchange revealed that it had started the process of launching its own NFT platform. However, the beta launch mode means that only selected Coinbase users will have access […]

FDIC Expresses its Concerns Over the Risk Crypto Poses to Financial Stability

The crypto space has been getting lots of attention lately from several regulatory agencies. The nature of cryptocurrencies and the possible negative impacts has raised so much attention. Recently, the US Federal Deposit Insurance Corporation raised its concerns regarding the risks of cryptocurrencies, especially Bitcoin and Ethereum.  FDIC Financial Institution Letter Being a major banking […]

eToro Launches NFT-Based Fund, Releases Its First NFT Collection

The top global investment platform, eToro, has announced the launch of a subsidiary called eToro.art. eToro.art is eToro’s NFT-based fund platform. Per the official announcement, the digital creators (whether individuals, brands, or agencies) can showcase and sell their works through this new platform. Keeping eToro At The Forefront Of Blockchain Innovations As a launch of […]

LBank and ETHDubai Collaborate for an Exclusive Event

Popular cryptocurrency exchange LBank merged with ETHDubai to hold an exclusive event. The event, which took place at LBank Labs, was scheduled to discuss the development of the ETH blockchain and sensitize people about the new internet iteration Web3.  The event was graced by prominent venture capitalists, blockchain speakers, CEOs and founders of crypto firms, […]

Singaporeans Traders Can Now Pay for Bitcoin as Fintech Company Partners with BitPay

Nium, a Singaporean financial services technology provider, launches Crypto Accept to allow merchants receive cryptocurrency settlements. According to the report, the Fintech company’s new product will accept settlements in BTC and ETH. The company says that it looks forward to including other virtual assets into its API-powered platform next year. How the Platform Works Per […]

ETH Surge to 3-Month High, AXS Gains 12% Following Recent Ronin Hack

A lot is happening in the crypto industry as Ethereum has hit its highest price level in the past three months. Bitcoin is currently bullish, while AXS has increased by 12%. Axie Infinity (AXS) Ronin recently got hacked, but the recent increase has caught the market by surprise.  What’s Going On With Bitcoin? Bitcoin witnessed […]

Ethereum Layer2 Activities Reach New ATH in Gas Fees

Activities in Layer2 have established a new record based on gas fees on the ETH blockchain. Based on data collated from Rebuffo through Dune Analytics, activities in the protocol consumed above 30 billion in transaction fees in March alone.  The gas fees came from processed transactions and others in the protocol. The data means Layer2 […]

Huobi Rolls Out Plans to Launch ETF for Crypto in Hong Kong

Hong Kong-registered crypto firm Huobi is making a move to launch an exchange-traded fund for virtual currencies. An ETF exposes investors to crypto investments without purchasing any of the assets directly. The ETF will monitor major digital currencies and help retail investors get on board with crypto investments. The blockchain firm, whose parent company is […]

Coinbase To Acquire Brazilian Unicorn for $2.2 Billion

Cryptocurrency firm Coinbase has rolled out plans to acquire a Brazilian unicorn 2TM before April ends. According to the popular Brazilian print media Estadão, negotiations for the unicorn’s acquisition are still on, having started at the beginning of 2022.  2TM is the parent company of Mercado, one of the biggest cryptocurrency brokerages in Latin America. […]

Commonwealth Bank Experiences Increased Crypto Activity on its App

Commonwealth Bank of Australia has expressed joy over the increased activity on its Commbank app. The largest bank in Australia has continually experienced an uptake in activity on the app since the financial entity first offered crypto services in 2021. CBA permitted users to purchase and sell virtual currencies via the app. Looking at the […]