Category: News

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, […]

Shanghai Taps Blockchain Technology to Preserve and Protect COVID Events

Shanghai, the largest and most populous metropolis in China (including more than 25M inhabitants), has harnessed the power of blockchain technology to record and secure the occurrences of the COVID-19 lockdown. Many videos, images, and music files are saved as NFTs that may be traded with cryptos on NFT markets, bypassing censorship. Because NFTs operate […]

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 […]

China Donates Free Digital Yuan To Residents As CBDC Testing Continues

Approximately $2.29M worth of digital Yuan will be distributed to citizens of Shenzhen as China continues its CBDC testing program. The Chinese government would provide 15M Yuan in digital currency to 130,000 people. Lottery System For The CBDC Giveaway  In addition, there will be no purchase requirement for this CBDC, making it applicable at over […]

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 […]

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 […]

Samsung Leads in Funding Round of Metaverse Company DoubleMe, Invests $25 Million

Lately, Samsung has been focused on developing the metaverse. After unveiling its Samsung 837X in early Q1, the South Korean tech giant recently led a seed round of DoubleMe – another metaverse company based in the Southeast region, with a $25M investment. Samsung was joined by other big companies, such as Coentry and NH Investment, […]

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 […]

Crypto Investors Flock to El Salvador for Bitcoin City Project

Several crypto investors are flocking to El Salvador, the only country so far to legalize the BTC use for transactions. While the use of bitcoin is quite attractive, that is not a strong enough reason to capture the attention of the skyrocketing number of crypto investors in the jurisdiction. Based on findings, the main reason […]

Ripple Lawyer Envisions More Delay in the Case Against SEC

The long-running case between cryptocurrency firm Ripple and U.S. regulator SEC will take a new dimension this week, as both parties are set for a significant breakthrough. Both parties will suggest a timeline for a summary judgment this Friday. However, Ripple’s lawyer James Filan anticipates more postponements in the case. He believes Ripple and the […]

Another Metaverse App And The Sandbox Work Together To Explore Interoperability

On Monday, one of the popular metaverse-related social apps, FlickPlay, officially confirmed via a press release that it is now in collaboration with The Sandbox. The aim of the cooperation is for both platforms to share features. Users of the social app can utilize any of the platform’s characters on The Sandbox platform. Many FlickPlay […]

Wikipedia Votes to End Crypto Donations Over High Power Consumption

Encyclopedic platform Wikipedia has announced the stoppage of crypto donations over concerns about high energy consumption. On Thursday, the community voted against the continuation of receiving crypto donations, with the final tally ending 71% in favor of the opposition. Based on reports, the reason for the halt is the high energy consumption of Proof-of-Work networks […]

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 […]

Intel Launches 2nd Generation BTC Mining Chip

Intel has announced the release of the Blockscale ASIC, a second-generation BTC mining chip that the company will use to increase its mining speed and efficiency. Mining Chip To Increase Efficiency  As announced on Monday, the latest mining chip will provide more efficiency in energy usage. Also, the company has stated that the chips will […]

Oklahoma’s Lawmakers Propose Tax Break Bill For BTC Miners

Legislators in Oklahoma have taken legislative steps in recent days that, if passed, would provide a tax benefit to cryptocurrency and BTC miners who want to establish a business presence in the region. Oklahoma Supports Crypto Mining  A bill introduced by state legislator John Montgomery and the representative of the state, Ryan Martinez this year […]