We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, Airdrops,NFTs, and Altcoin trends and happenings.
The decision by HKVAEX, a cryptocurrency exchange with ties to Binance, to withdraw its application for a virtual asset trading platform license from the Hong Kong Securities and Futures Commission (SFC) carries significant implications within the cryptocurrency industry. This move comes in the wake of the SFC’s stringent regulatory framework, which requires crypto exchanges and…
In response to Craig Wright’s false claims of being the creator of Bitcoin and to prevent him from circumventing court orders, a UK judge has taken decisive action. The judge issued a global asset freezing order, effectively halting £6 million ($7.6 million) worth of Craig Wright’s assets and prohibiting any offshore transfers, as detailed in…
After the sentencing of Sam Bankman-Fried, court documents filed yesterday revealed that former FTX executives and promoters have reached a settlement of $1.3 million in a class action lawsuit. Among those involved in the settlement are Nishad Singh, the former head of engineering for FTX, Caroline Ellison, CEO of Alameda Research, Gary Wang, the chief…
Web3 games remain at the forefront of on-chain engagement. As outlined in DappRadar’s latest Game Report, blockchain games constituted 34% of decentralized application (Dapp) activity in the previous year. Additionally, the report highlights that Web3 games amassed 1.1 million active daily users throughout 2023. Despite their significance, blockchain games encounter hurdles in captivating both traditional…
Ripple, operating through its development arm RippleX, has recently introduced two substantial technological advancements aimed at bolstering the XRP Ledger (XRPL). These developments comprise the introduction of a new version for the Ethereum Virtual Machine (EVM) sidechain within the development network (devnet) and updates to the XRPL’s Automated Market Maker (AMM) functionality. These advancements hold…
On March 27, VanEck advisor Gabor Gurbacs voiced his apprehensions about the inadequacy of contemporary cryptocurrency regulations and their detrimental impact on innovation. His concerns were fueled by the instability within the crypto industry, particularly in response to the regulatory environment. This sentiment was underscored by the US Securities and Exchange Commission (SEC)…
According to reports, SingularityNET, Fetch.ai, and Ocean Protocol are in discussions regarding a potential merger of their crypto tokens to create a decentralized AI platform and promote collaboration among the three entities. Bloomberg, citing sources familiar with the matter, mentioned that the companies are considering the formation of an ASI token, which could have a…
Coinbase has revealed its intention to expand the storage capacity for both corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by the exchange and constructed on the open-source OP Stack. This strategic move is anticipated to yield numerous advantages, including reduced fees, expedited settlement times, and bolstered security measures for…
The Near Foundation, backing the Near Protocol’s Layer 1, has revealed its support for chain signatures, a significant development enabling users to access various chains through their Near accounts. This enhancement aims to boost interoperability and improve user experience. This milestone, facilitating chain signatures and multichain transactions, is the outcome of a recent collaboration with…
in brief Amid ongoing litigation, the SEC has suggested a $2 billion fine for Ripple Labs. Attorney Jeremy Hogan cautions that this fine could compel Ripple to offload substantial amounts of XRP. He highlights the potential consequences, including a considerable reduction in XRP’s market worth, which could adversely affect retail investors. In the midst of…