Category : Cryptocoins News

Cryptocoins News

The Role of Blockchain in CBDCs: Benefits, Risks, and Implementation Challenges

Central bank digital currencies (CBDCs) have sparked debate among governments and financial institutions all over the world. These digital currencies are supposed to act as the digital equivalent of cash and are created and supported by central banks...

Gala token jumps as focus shifts to the upcoming V2 airdrop

Gala token jumped sharply on Tuesday after the developers announced a plan of a new airdrop. The token jumped to a high of $0.048, the highest level since March 19th. It has soared by more than 216% from the lowest level in January this year. Gala ai...

Coinbase could relocate from the US if no regulatory clarity, says CEO

Key takeaways Coinbase’s CEO has revealed that the crypto exchange could relocate if there is no regulatory clarity in the United States. Brian Armstrong said the US has the potential to be an important market for crypto. Coinbase was rec...

Blockchain Association Seeks Information on De-banking of Crypto Companies

The Blockchain Association has filed Freedom of Information Law requests to the Federal Housing Finance Agency and the New York Department of Financial Services, seeking more information on the de-banking of crypto companies after the closure of Sign...

Legislation Introduced to Remove SEC Chair Gensler from His Role

United States Representative Warren Davidson has announced plans to introduce legislation that would remove SEC Chair Gary Gensler from his role and replace it with an Executive Director that reports to the Board. The move follows the SEC's proposed...

Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days

Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community unce...

ETH staking passes withdrawals for the first time since Shapella upgrade

Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant number of addresses have restaked their ETH. The Ethereum blockc...

Aave to Launch on zkSync with Overwhelming Support from Community

Aave's proposal to launch on the zkSync Era Mainnet has received over 99% support from AAVE tokenholders. The launch will initially be limited to USDC and ETH, and if successful, could introduce new users to decentralized finance and cement Aave's po...

Bittrex Faces Potential Legal Action from US SEC

Bittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its local operations. (Read More)

BNB Chain's Red Alert Flags 191 High-Risk Projects

Binance's BNB Chain has added 191 new high-risk projects and decentralized applications (DApps) to its weekly red alarm list. The list is based on smart contract assessment and includes projects suspected of issuing fake tokens, having high tax fees,...

Chinese Banks Embrace Crypto in Hong Kong

Chinese banks are collaborating with cryptocurrency companies in Hong Kong, providing account services and acting as settlement banks. Despite China's crackdown on crypto in the mainland, the country's state-affiliated banks are building partnerships...

Bhutan Sovereign Investment Fund Invests Millions in Crypto

The sovereign investment arm of Bhutan, estimated to manage around $2.9 billion in assets, has invested millions in cryptocurrencies without disclosing it to the public. The investments were revealed after crypto firms BlockFi and Celsius filed for b...

MoneyTap Expands in Japan with Three New Bank Integrations

MoneyTap, the Ripple-based payment system, has expanded in Japan with three new local bank integrations through SBI Remit. This enables the banks to offer peer-to-peer remittance services to their customers via the MoneyTap mobile application, which...

BlackStar Seeks SEC Registration for On-Chain Stock Trading

BlackStar Enterprise Group plans to conduct over-the-counter stock trading on-chain and has sought registration with the SEC after two years of development and regulatory communication. (Read More)

Privacy, scaling drives use cases for zero-knowledge technology

Zero-knowledge technology has seen significant growth in adoption within the blockchain space in 2023, according to an inaugural quarterly report published by ZKValidator....

Ethical considerations in AI development and deployment

Learn about the ethical considerations in AI development and deployment, including fairness and algorithmic ethics. What role should regulatory frameworks play in prom...

Core DAO partners with Bitget and MEXC to launch $200M ecosystem fund

The Ecosystem Fund will provide financial support to early stage projects. Core DAO, an organization committed to the development of the Satoshi Plus ecosystem, has in...

Bitget Dedicates $200 Million Fund for DApps Innovation

Crypto derivatives and copy trading platform, Bitget has announced a strategic partnership with Core DAO, an organization focused on developing the Satoshi Plus ecosystem. The collaboration will see the establishment of a $200 million ecosystem fund...

Crypto lender Babel gets extended creditor protection in Singapore

Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022. Troubled cryptocurrency lending fir...

Bitcoin mining and increasing energy bills — Sen. Warren vs. Crypto Twitter

“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate,” said Senator Warren, agreeing with a New York Times article on the matter....

Tether’s market share expands to 61%, a two-year high as crypto centralisation grows: a Report

Key Takeaways Tether opened the year at a market cap of $66.2 billion, but has grown 22% to $81 billion CircleUSD has moved the opposite way, losing 21% of its market cap Tether’s share of the stablecoin space is up to 61.5%, its highest mark...

UAE’s federal financial regulator opens licensing applications for VASPs

Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator. The federal...

‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax

Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly. Failing to utilize...

Bybit Reports 50% Increase in Users, Establishes Global Headquarters in Dubai

Bybit, the crypto exchange with over 15 million users worldwide, has announced the opening of its global headquarters in Dubai. The move follows an increase of 50% in the platform's client base and aims to strengthen Bybit's foothold in the Middle Ea...

Video of SEC chair praising Algorand resurfaces after recently deeming it a security

Members of the crypto community have called out the SEC Chairman for “shilling” Algorand. A four-year-old video of United States Securities and Exchange Commission Cha...

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