Category: News
Cryptocurrency News
Crypto Exchange Beaxy Shutting Down Operation, Cites SEC Charges
On March 28, the leading crypto exchange in Chicago, Beaxy exchange, announced plans to shut down its core businesses. The reports stated that the ongoing…
Hackers Exploit Safemoon LP Heisting $8.9 Million
On March 29, the Utah-based crypto firm Safemoon liquidity pool was hacked after the bad players launched malware on the smart contract. The malicious attack…
Private Bill Introduced By Australian Senator Aims To Fast-Track Crypto Regulation
The Australian Parliament has been presented with an innovative and essential piece of legislation that proposes to govern the crypto industry in the country. Senator…
Judge Dismisses Against Kevin McCoy’s 2014 Law Suit, Gives Reasons
The case against Kevin McCoy has been dismissed. Mr. McCoy, the artist, invented the first NFT with the help of Anil Dash: a technology merchant….
G-7 Plans To Push For Tighter Cryptocurrency Regulations
Reports suggest that the Group of Seven industrialized nations is gearing up to tighten regulations on cryptocurrencies globally. With a focus on enhancing business transparency…
Chinese Regulators Upgrading National Blockchain Standards By Next Year
A recent pronouncement from the Chinese regulators revealed that the country would prioritize improving the existing blockchain standards. The regulators will issue a new blockchain…
General Bytes Refunding Customers Affected By Zero-Day Hack
The Prague-based Bitcoin ATM producer General Bytes has announced plans to compensate customers affected by the recent zero-day hack. On March 23, bad players compromised…
Disney Dismissing 7000 Employees from the Metaverse Division
The leading film and animation producing company Walt Disney has announced plans to reduce headcounts in the metaverse division. Disney management issued an internal memo…
Experts Anticipate a Surge in The Price Of Cryptocurrency As The News Of Deutsche Bank Crash Lingers
While the United States banking industry is moaning about the collapse of their biggest banks, Germans woke up to be greeted by the news of…
Illiquidity Could Potentially Hinder Bitcoin From Serving As A Hedge Against The USD
With the recent decline in confidence in banks across the US and Europe, many are on the lookout for a reliable alternative to safeguard their…
Binance Launching Regional Hub in Georgia to Push for Crypto Adoption
The largest crypto exchange Binance has opened a new blockchain-powered hub in Georgia. The Binance team issued a report on March 26 revealing plans to…
Titanium Blockchain Facing Four-Year Imprisonment Over $21 Million Crypto Fraud Charges
The US Department of Justice (DoJ) issued a report on March 24 announcing the court ruling over the charges facing Titanium Blockchain chief executive Michael…
First Citizen Bank Acquiring the Collapsed Silicon Valley Bank
On March 26, the Carolina-based financial provider First Citizen Bank closed a merger and acquisition deal with the now-defunct Silicon Valley Bank (SVB). According to…
Fed Rejects Custodia Bank Membership Following Crypto Ties Controversies
A report by the Federal Reserves on March 24 revealed the reason behind the denial of the Custodia bank membership application. The Fed shared an…
XRP Rises By 20% As Investors Hint Ripple’s Victory in Court
XRP is not making any move to slow down any soon, especially since the recent development in their lawsuit going in their favor. The recent…
El Salvador Planning to Eliminate Tax on Innovation and Technological Development
An official announcement from the President of El Salvador Nayib Bukele revealed that the crypto-friendly country would remove taxes imposed on technological development. President Bukele…
Boxing Champion Oleksandr Usyk Releases Blockchain-Powered Platform for Boxers
The Ukrainian boxer Oleksandr Usyk has partnered with crypto exchange Qmall to launch “Ready to Fight,” built on the blockchain network. Usyk launched a new…
Nasdaq Launching Crypto Custodial Services by the End of Q2
The American-based stock exchange platform Nasdaq has revealed plans to launch a crypto custodial service in mid-year. An official report from the Nasdaq team dated…
Research Warns That Russia May Use Cryptocurrency To Escape Sanctions
After their recent research, one of the reputable threat intelligence companies, Recorded Future, has issued a statement that sounds more like a warning to the…
Traders Anticipate $40K Price Mark, As Bitcoin Removes Fed’s Losses
As Bitcoin continues to show signs of a bull run, moving back and forth on the price trend. The latest development on the price says…
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