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Korean Prosecutors Consulting if LUNA Classified "Security"
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Korean Prosecutors Consulting if LUNA Classified "Security"

The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).

Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
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Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach

Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain
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New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem

Australian Senator Bragg Releases New Draft on Digitial Assets
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Australian Senator Bragg Releases New Draft on Digitial Assets

Australian Liberal Senator Andrew Bragg proposed a new draft of the titled Digital Assets (Market Regulation) Bill 2022, aimed at regulating digital asset exchanges.

El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law
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El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law

El Salvador parliament has passed the Bitcoin Trust Fund proposal into law.

Stablecoins Pose Risks to Financial Stability: Yellen
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Stablecoins Pose Risks to Financial Stability: Yellen

The instability of the UST stablecoin has pushed the United States Treasury Secretary, Janet Yellen, to advocate for introducing a tighter regulatory framework to govern the entire stablecoin offshoot of the crypto ecosystem.

UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
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UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins

The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco.

Australia Tax Office Says Crypto Under Focus This Tax Season
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Australia Tax Office Says Crypto Under Focus This Tax Season

The Australian Taxation Office (ATO) has highlighted four major problem areas it wants to focus on this taxation season, and digital currencies are prominently featured.

Grayscale Contacts with SEC over the Securities Status of Three Trusts
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Grayscale Contacts with SEC over the Securities Status of Three Trusts

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) has been in contact with a staff of the United States Securities and Exchange Commission (SEC) over the definition of the status of three of its established Trusts.

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ
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Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
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Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.

US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots
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US Lawmakers Question Tron Founder Justin Sun and DLive CEO on Extremist Content Following Capitol Riots

Two U.S. lawmakers have questioned Tron founder Justin Sun and DLive CEO Charles Wayn in the wake of the Capital riots—asking them how they moderate extremist content.

Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services
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Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services

Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services.

Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
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Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation

Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”

Huobi to Expand Footprints in Australia, Seeking Regulatory Approval for Crypto Trading
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Huobi to Expand Footprints in Australia, Seeking Regulatory Approval for Crypto Trading

Huobi Global is trailing the same footprints as its counterparts as it filed its application to be registered as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?
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US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?

As the antitrust hearing with tech giants Amazon, Apple, Facebook, and Google (Alphabet) continues, the question of whether decentralization will subsequently rise as a result of the legal tech-policy hearing has been brought up.

Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community
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Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community

With all forms of Amendment on the Infrastructure Bill under threat, Sen Lummis has explained why the crypto industry will win should an amendment be voted on.

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay
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China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay

In a move similar to the US antitrust hearing, the People’s Bank of China has prompted the nations top antitrust body to probe Alipay and WeChat

Australia’s Financial Regulator Issues First Regulatory Roadmap for Crypto Assets
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Australia’s Financial Regulator Issues First Regulatory Roadmap for Crypto Assets

The Australian Prudential Regulation Authority admitted that although the crypto sector is small, its rapid growth poses risks in the future if it remains unregulated.

German Banks Authorized for Crypto Custody and Sales in 2020
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German Banks Authorized for Crypto Custody and Sales in 2020

In 2020, German banks will be legislatively authorized to sell and provide custody of cryptocurrencies as reported by German newspaper Handelsblatt.

Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions
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Australia Securities Exchange Moves For Blockchain Technology, CHI-X Calls For More Regulatory Supervisions

Australia Securities Exchange (ASX) plans to switch to distributed ledger technology by April 2021, replacing its clearing system, registry, and settlement with the technology for the sole purpose of cutting costs for customers.

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme
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ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.

Coinbase Becomes First Custodian to Pass Two Major Security Evaluations
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Coinbase Becomes First Custodian to Pass Two Major Security Evaluations

Coinbase Custody has become the first cryptocurrency custodian to obtain bot SOC 1 Type 2 and SOC 2 Type 2 evaluations.

Grayscale Bitcoin Trust Files to Become First Fund to Report to SEC
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Grayscale Bitcoin Trust Files to Become First Fund to Report to SEC

Grayscale Bitcoin Trust (GBTC) has positioned itself to become the first cryptocurrency investment fund to achieve a reporting status to the United States Securities and Exchange Commission (SEC).

US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers
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US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

The US Office of the Comptroller of the Currency (OCC) has announced that states and national banks and federal savings associations can provide crypto custody services to customers.

US Senate Proposes Amendment to the Controversial Infrastructure Bill to Redefine Crypto Broker Clause
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US Senate Proposes Amendment to the Controversial Infrastructure Bill to Redefine Crypto Broker Clause

Three pro-crypto US Senators are proposing an amendment to the controversial infrastructure bill with clauses on crypto brokers redefined

US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities
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US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July.

Australia’s Securities Regulator Approves the Launch of Crypto ETFs
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Australia’s Securities Regulator Approves the Launch of Crypto ETFs

Australia Securities and Investments Commission (ASIC) has finally opened the door for crypto ETFs to trade on Australian stock exchanges.

Australia to Continue Treating Cryptos as Assets
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Australia to Continue Treating Cryptos as Assets

According to the Australian government's budget announcement on Tuesday, legislation will be put upon treating digital currencies such as bitcoin as an asset.

Australia's Federal Police Force Floats Crypto Unit: Report
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Australia's Federal Police Force Floats Crypto Unit: Report

The Australian Federal Police (AFP) has launched a new unit to help focus its fight against crimes that are perpetrated in the digital currency ecosystem.

Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants
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Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants

Power Ledger, a Perth-based energy trading software company, and Powerclub, an Australian electricity wholesaler, have signed a deal to offer households unparalleled authority over their energy usage via a blockchain-based virtual power plant.

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020
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Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June.

Apollo Teams Up With Anchorage to Expand its Product Offering
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Apollo Teams Up With Anchorage to Expand its Product Offering

Apollo Global Manage and Anchorage have partnered to expand the former's crypto products

Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024
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Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024

BIS Research has presented a new market intelligence report dubbed ‘Global Blockchain in Energy Market - Analysis and Forecast, 2018-2024.’ It reveals that blockchain application in the energy market was worth $518.6 million in 2018 and its value will reach $6.29 billion in 2024.

IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation
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IBM and Verizon Business Collaborate on 5G and AI Edge Computing Innovation

Tech giant IBM is collaborating with Verizon Business to help usher in the future of Industry 4.0 through their respective expertise on edge computing innovation and 5G technology.

Hex Trust Announces Integration of Polkadot Blockchain Network
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Hex Trust Announces Integration of Polkadot Blockchain Network

Hong Kong-based digital asset custody provider Hex Trust announced the integration of Polkadot blockchain network into Hex Safe.

Justin Sun Finally Got His Long-Awaited $4.57 Million Dinner with Warren Buffett
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Justin Sun Finally Got His Long-Awaited $4.57 Million Dinner with Warren Buffett

Founder of TRON, cryptocurrency entrepreneur Justin Sun had his long-awaited $4.57 million charity auctioned meal with Warren Buffett. Here's what happened.

China Establishes First-Ever Blockchain Zone in Central Province of Hunan
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China Establishes First-Ever Blockchain Zone in Central Province of Hunan

The first provincial blockchain zone has been established in China, in the central Chinese province of Hunan. The “Wanbao” blockchain zone is located in the city of Loudi, marking the first blockchain zone in China, according to a local Chinese report.

WEF Launches Coalition to Deal with Climate Change through Web3.0
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WEF Launches Coalition to Deal with Climate Change through Web3.0

The World Economic Forum (WEF) has established a Crypto Sustainability Coalition to investigate the capability of Web3 in tackling climate change.

VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping
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VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping

A joint Australian-Chinese supply chain and trade finance project got a major boost last week as AliPay, Mastercard, and crypto firm VeChain joined the initiate.

Bitcoin, Crypto and Porn: Will the Adult Industry Boost the Market?
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Bitcoin, Crypto and Porn: Will the Adult Industry Boost the Market?

The adult porn industry is a massive sector. Will it give crypto adoption a boost in the right direction? With many coins already in use, what has happened?

Blockchain Unleashed at the United Nations General Assembly on the Global Crisis
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Blockchain Unleashed at the United Nations General Assembly on the Global Crisis

Greta Thunberg, the 16-year-old has been on the headlines for the global climate crisis movement and has delivered a compelling speech at the 73rd United Nations General Assembly (UNGA).

Washington Developer Harbor Custom Development to Accept Payments in Crypto
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Washington Developer Harbor Custom Development to Accept Payments in Crypto

Real estate investors in Washington will have more options by paying cryptocurrencies, as the Washington-based Harbor Custom Development Inc is launching the service by the end of January.

Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund
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Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund

Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.

China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town
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China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town

Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.

Global Blockchain IoT Market Expected to Generate Returns Worth $5.8 Billion by 2026
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Global Blockchain IoT Market Expected to Generate Returns Worth $5.8 Billion by 2026

The global blockchain IoT market is expected to offer a revenue of $5.802 billion by 2026, driven by factors like IoT being increasingly implemented by mand end-use industries worldwide.

Amazon Launches Virtual Clinic Called Amazon Care
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Amazon Launches Virtual Clinic Called Amazon Care

Amazon, the world’s largest internet company by revenue, quietly launched a virtual health clinic for Seattle-area employees, CNBC reports.

JustCarbon DAO Announces Multi-Exchange Platform Partnership
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JustCarbon DAO Announces Multi-Exchange Platform Partnership

Carbon action marketplace JustCarbon has announced a multi-exchange platform partnership with DigiFinex, Coinsbit, LAToken and Coinstore signifying a play for dominance in the carbon market.

Banking Giants CIBC and Aussie's NAB Partners to Use RippleNet Solution
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Banking Giants CIBC and Aussie's NAB Partners to Use RippleNet Solution

North American banking giant, the Canadian Imperial Bank of Commerce (CIBC), and the National Bank of Australia (NAB) have inked a partnership to bolster each other’s cross-border payments settlement, with Ripple’s RippleNet solution.

Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
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Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns

The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.

Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry
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Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry

During the ongoing 28th Golden Rooster and Hundred Flowers Film Festival happening in Xiamen, China, Li Jie, senior vice president of Alibaba Pictures, noted that blockchain was crucial in propelling the growth of the Chinese film industry.

Over 100 Car Dealers to Accept Crypto Payments in the UK Boosting Crypto Adoption
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Over 100 Car Dealers to Accept Crypto Payments in the UK Boosting Crypto Adoption

At least 100 car dealers in the UK have inked a partnership with London-based AutoCoinCars, the nation’s market leader in trading cars with cryptocurrencies. Through the strategic collaboration, clients will be able to purchase cars using cryptos in some of the biggest car dealers in the UK, such as Benz Bavarian, Saxton4x4, and Redline Specialist Cars.

New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions
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New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions

Bayride has revealed RideNode, a new transportation virtual and blockchain currency that seeks to transform the payment structures in this sector. America’s ride-hailing industry is touted to be revolutionized because RideNode will offer direct transactions between the service provider and consumers.

Tron CEO Justin Sun Denies Allegations of Third-Party Celebrity Promotions of TRX Cryptocurrency
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Tron CEO Justin Sun Denies Allegations of Third-Party Celebrity Promotions of TRX Cryptocurrency

Tron Foundation’s Chief Executive Officer Justin Sun has come forward publicly to address the allegations that he paid celebrities to promote Tron.

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions
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Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.

Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship
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Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship

Crypto.com announced that has signed a five-year partnership agreement with the Australian Football League, sponsoring it for $25 million to develop sports business.

The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service
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The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service

FV (Fintech Ventures) Bank, a global financial entity registered in the U.S. territory of Puerto Rico, has launched a digital-asset custody service for seamless safeguarding and interoperability of crypto and fiat.

Terra-Based Anchor Protocol Hits $12b in Total UST Deposits
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Terra-Based Anchor Protocol Hits $12b in Total UST Deposits

Anchor Protocol, a lending and borrowing protocol built atop the Terra blockchain network, its total UST stablecoins deposit has hit 12 billion, a show of the massive embrace it is currently receiving from the Terra ecosystem.

Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation
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Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation

The Australian Border Force (ABF), the Western Australian Police Force announced that the team has arrested a 27-year-old man and a 25-year-old woman over drug probe, seizing and frozen an incredible amount of 1.5 million worth of cryptocurrency found in the electronic device held by the culprits.

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry
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PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry

PayPal may be looking to penetrate the market further following its recent crypto payments announcement, rumors indicate the firm may buy digital asset custodian BitGo.

Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients
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Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

With its operations based in Dublin, Ireland, Coinbase Custody launched its institutional-grade crypto asset storage service to clients in Europe. The cryptocurrency exchange launched Coinbase Custody in 2017 for institutional clients such as hedge funds and family offices. Its assets under management have over $7 billion in cryptocurrency assets, with its acquisition of Xapo’s institutional custody business in August 2019.

Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
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Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020

Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.

Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run
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Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run

Blockchain investment dropped 60% from a record 4.1 billion in 2018 to 1.6 billion this year, according to the findings of CB Insights reported on Bloomberg 18 July.

How Bitcoin Donations Supported the Noble Cause of Taming Australian Bushfires
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How Bitcoin Donations Supported the Noble Cause of Taming Australian Bushfires

The harm caused by the Australian bushfires necessitated immediate response, and the Crypto Fire Alliance, a group of Australian and international blockchain and cryptocurrency businesses, stepped in to curb the situation through philanthropy.

Is Blockchain Tech the Holy Grail for the Aerospace Industry?
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Is Blockchain Tech the Holy Grail for the Aerospace Industry?

The aerospace industry moves millions of people and billions worth of assets every single day. Yet, the industry's sheer complexity is its own worst enemy. Can blockchain technology become the savior?

Australian Judge Allows Plaintiff to Use Bitcoin as Collateral Bond
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Australian Judge Allows Plaintiff to Use Bitcoin as Collateral Bond

In Australia, a New South Wales (NSW) court has allowed a cryptocurrency exchange account to be used as a collateral bond for legal costs.

Decrypt: Most Whitepapers are Full of Scams
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Decrypt: Most Whitepapers are Full of Scams

According to Decrypt’s Investigation published on 22 April, many startups had been accused by White paper writers to “constantly required to fabricate and exaggerate facts”.

Alibaba Unveils Its First Home-Grown AI Chip
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Alibaba Unveils Its First Home-Grown AI Chip

Chinese e-commerce giant Alibaba unveiled its first artificial intelligence inference chip on Wednesday, a move which could further invigorate its already rip-roaring cloud computing business.

Credit Giant MasterCard Grants Wirex First Principal Membership License
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Credit Giant MasterCard Grants Wirex First Principal Membership License

Wirex has become the first native cryptocurrency platform to be granted a principal membership license from credit giant Mastercard as part of their accelerated expansion into digital assets.

Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies
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Government-Owned Swiss Bank to Provide Custodial Services for Cryptocurrencies

With the readiness of government-backed Swiss bank, bank Basler Kantonalbank (BKB) to offer crypto custodial services, the financial service sector is an inch closer to driving mainstream adoption of blockchain technology

Austrian Telecom Provider Adds Cryptocurrencies to its Payments Network
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Austrian Telecom Provider Adds Cryptocurrencies to its Payments Network

With A1 Telekom’s move to accept Bitcoin and other digital currencies as a means of payment, Austrians now have more options in digital transaction payments

Shiba Inu Prepares NFT Crypto Game Shiba Eternity’s Last Pilot Test in Australia
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Shiba Inu Prepares NFT Crypto Game Shiba Eternity’s Last Pilot Test in Australia

The first testing of Shiba Eternity took place in Vietnam, where in the recent past Axie Infinity, a blockchain-based play-to-earn game, exploded as a viable source of income among users.

40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody
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40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody

Many German banks have filed a request to introduce a digital asset custody business. Germany’s Federal Financial Supervisory Authority, popularly identified as BaFin, has received over 40 applications from German banks interested in offering crypto custody services.

Why Crypto Exchanges Must Reinvent Themselves to Stay Relevant or Else Face Extinction
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Why Crypto Exchanges Must Reinvent Themselves to Stay Relevant or Else Face Extinction

As the industry matures, crypto exchanges must face up to higher responsibilities. Crypto market is becoming to mirror that of traditional markets. Cryptocurrency exchanges, therefore, must reinvent themselves to maintain their relevance.

KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability
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KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

KPMG has unveiled a blockchain capability dubbed Climate Accounting Infrastructure (CAI) to help firms measure, report, and offset their greenhouse gas emission.

KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security
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KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security

One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing.

New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?
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New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?

Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources.

Steemit & Dtube: Social Networking, Blogging, and Video Sharing in the Blockchain Era
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Steemit & Dtube: Social Networking, Blogging, and Video Sharing in the Blockchain Era

Steemit and Dtube allow users to be rewarded for sharing content. These social media networks are decentralized and censorship-resistant.

BlackRock Launches Bitcoin Private Trust after Building Partnership with Coinbase
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BlackRock Launches Bitcoin Private Trust after Building Partnership with Coinbase

Days after BlackRock entered into a partnership with Coinbase to offer its institutional clients access to crypto trading services, the firm announced the launch of a spot Bitcoin Private Trust.

South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come
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South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come

The largest bank in South Korea, KB Kookmin Bank has revealed its filing of a trademark application for KB Digital Asset Custody (KBDAC), its crypto custody service.

Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX
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Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX

GMEX acquired Pyctor from ING to expand its digital assets trading offering services and to fulfil growing demands from banks, asset management firms and other institutions.

Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief
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Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief

Justin Sun’s Tron platform has obtained US government aid of more than $2 million in coronavirus relief. The ongoing coronavirus crisis has wreaked havoc in the US financial markets. Particularly small-sized businesses are suffering from the economic shutdown meant to slow down the spread of coronavirus. With hundreds of thousands of employees in danger of losing their jobs, the US government created the Paycheck Protection Program (PPP) to help small businesses stay afloat. The money does not need to be repaid.

The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates
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The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates

Under the new bill being considered by the Australian Parliament, people could be jailed for two years and pay a fine of $ 25,200 for just using more than $10,000. If this bill is passed, it will force its citizens to look away from traditional fiat currencies and go for decentralized digital currencies such as Bitcoin.

Crypto for Sex: Blockchain Takes Off in the Adult Entertainment Industry
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Crypto for Sex: Blockchain Takes Off in the Adult Entertainment Industry

Cryptocurrencies have become increasingly popular in the adult entertainment industry, as it can guarantee a high level of anonymity to its users, especially for pornography-related businesses.

German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients
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German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

German Stock Exchange Boerse Stuttgart has made an announcement that its subsidiary Blocknox is expanding its crypto custody service to institutional players.

DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses
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DAG Global Seeks to Break New Ground as First UK Bank to Support Crypto Businesses

DAG Global, a UK financial services company, aims to set a precedent by gaining a UK banking license to close the void between banks and crypto businesses. It intends to become the nation’s first bank to support cryptocurrency businesses.

Worldcoin (WLD) Advances Privacy with Personal Custody for Iris-Scanned IDs
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Worldcoin (WLD) Advances Privacy with Personal Custody for Iris-Scanned IDs

Worldcoin introduces Personal Custody, enhancing user control over biometric data generated via iris-scanning orbs for secure ID verification.

Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
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Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa

Ripple and Onafriq are collaborating to introduce blockchain-powered cross-border payments, aiming to improve transaction efficiency and financial inclusion in Africa, the GCC, the UK, and Australia.

Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations
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Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations

In an ongoing adaptation to tighter Australian regulations, Binance, the world's largest cryptocurrency exchange, has announced significant changes affecting its Australian users.

US Crypto Holders Trust Banks and Exchanges for Custody
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US Crypto Holders Trust Banks and Exchanges for Custody

A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to trust intermediaries for holding crypto assets. The survey also found an increasing desire among consumers to purchase Bitcoin and other digital assets from traditional banks, presenting a significant untapped opportunity for banks to expand their offerings.

ZachXBT's Defamation Lawsuit Receives Over $1 Million in Donations as Prominent Figures Rally Support
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ZachXBT's Defamation Lawsuit Receives Over $1 Million in Donations as Prominent Figures Rally Support

In a surprising turn of events, renowned on-chain analyst ZachXBT has exceeded his initial fundraising target, amassing a staggering $1,055,233 in donations, according to Nansen data. This remarkable achievement has been made possible through contributions from various entities and influential figures within the crypto industry.

Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery
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Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery

Bakkt Holdings forecasts a substantial revenue increase and a 70% decline in operating cash flow usage for FY 2024, following a robust year of strategic advancements.

US Fed denies Custodia Bank membership over crypto concerns
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US Fed denies Custodia Bank membership over crypto concerns

The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.

1inch Network Launches New Hardware Wallet
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1inch Network Launches New Hardware Wallet

1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.

Justin Sun Withdraws Millions of Dollars’ Worth of USDT from Aave's Lending Pools
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Justin Sun Withdraws Millions of Dollars’ Worth of USDT from Aave's Lending Pools

The Tron founder Justin Sun has withdrawn a huge amount of liquidity from the DeFi protocol. The move is likely to have been triggered by the recent ban on addresses that received funds from Tornado cash.

US Toughens Export Controls on Semiconductors to China Amid Military Concerns
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US Toughens Export Controls on Semiconductors to China Amid Military Concerns

The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.

Leading Security Founders Discuss Potential of Generative AI
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Leading Security Founders Discuss Potential of Generative AI

Security startup founders share insights on the use and threats of generative AI in the tech industry.

Transitioning from Rust to Solana: A Comprehensive Guide for Developers
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Transitioning from Rust to Solana: A Comprehensive Guide for Developers

This article provides a detailed guide for developers transitioning from Rust to Solana, highlighting the key differences and setup details.

Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More
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Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More

A summary of recent regulatory actions and legal developments impacting the global crypto industry, for the period May 5 – May 20, 2024.

GitHub Introduces Arm64 Runners for Enhanced Performance and Sustainability
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GitHub Introduces Arm64 Runners for Enhanced Performance and Sustainability

GitHub Actions now supports Arm64 runners, offering better performance and sustainability.

Understanding Cluster Sampling: A Comprehensive Overview
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Understanding Cluster Sampling: A Comprehensive Overview

Cluster sampling divides a population into smaller clusters, simplifying large-scale research.

Ripple (XRP)'s 2023 Impact Report: Financial Inclusion and Climate Resilience
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Ripple (XRP)'s 2023 Impact Report: Financial Inclusion and Climate Resilience

Ripple (XRP)'s 2023 Impact Report highlights strides in financial inclusion, blockchain research, and sustainability initiatives.

Copper Introduces Custody and Staking Solutions for SUI
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Copper Introduces Custody and Staking Solutions for SUI

Copper's latest move offers secure custody and staking services for SUI, targeting institutional investors.

IBM Research Leverages AI and Hybrid Cloud for Climate Solutions
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IBM Research Leverages AI and Hybrid Cloud for Climate Solutions

IBM Research is using AI and hybrid cloud technologies to accelerate the discovery of climate mitigation and adaptation solutions.

Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program
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Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program

Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship.

UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement
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UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement

UneeQ is transforming customer interactions using AI-powered digital humans, enhancing realism and engagement with NVIDIA ACE technology.

SyncTwin Leverages OpenUSD and Generative AI to Democratize Industrial Digital Twins
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SyncTwin Leverages OpenUSD and Generative AI to Democratize Industrial Digital Twins

SyncTwin's app uses OpenUSD and generative AI to enhance industrial efficiency and sustainability, transforming factory workflows.

Generative AI: How Diffusion Models Are Transforming the AEC Industry
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Generative AI: How Diffusion Models Are Transforming the AEC Industry

Explore how generative AI and diffusion models are revolutionizing the Architecture, Engineering, and Construction (AEC) industry with enhanced design, visualization, and project management.

SingularityNET (AGIX) and AL’MA Action Logement Utilize AI and Knowledge Graphs for Sustainable Construction
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SingularityNET (AGIX) and AL’MA Action Logement Utilize AI and Knowledge Graphs for Sustainable Construction

SingularityNET (AGIX) and AL’MA Action Logement are leveraging AI and Knowledge Graphs to innovate sustainable construction practices.

IOTA Introduces Digital Product Passports for Electronics
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IOTA Introduces Digital Product Passports for Electronics

IOTA Foundation unveils a Digital Product Passport prototype for electronics, enhancing transparency and sustainability in the lifecycle from manufacturing to recycling.

Optimizing GPU Clusters for Generative AI Model Training: A Comprehensive Guide
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Optimizing GPU Clusters for Generative AI Model Training: A Comprehensive Guide

Explore the intricacies of testing and running large GPU clusters for generative AI model training, ensuring high performance and reliability.

HKMA and DFSA to Co-Host Climate Conference on Sustainable Finance
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HKMA and DFSA to Co-Host Climate Conference on Sustainable Finance

The HKMA and DFSA will co-host a Climate Finance Conference in September 2024, fostering sustainable finance cooperation between Asia and the Middle East.

Enhancing Customer Understanding with Speech AI: The Role of Conversation Intelligence
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Enhancing Customer Understanding with Speech AI: The Role of Conversation Intelligence

Discover how Speech AI models are revolutionizing customer service by providing better insights through conversation intelligence platforms.

Sustainable Crypto Growth: The Necessity of Providing Real Value
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Sustainable Crypto Growth: The Necessity of Providing Real Value

Binance Research emphasizes the need for crypto projects to focus on real value, sustainable yields, and genuine user demand to ensure long-term growth.

The Strategic Importance of Customer Success Teams in AI Product Implementation
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The Strategic Importance of Customer Success Teams in AI Product Implementation

Discover how technical customer success and support teams play a critical role in winning and retaining customers, especially in the AI industry.

Sui Implements Shared Custody Model for Enhanced Decentralized Finance
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Sui Implements Shared Custody Model for Enhanced Decentralized Finance

Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications.

VanEck's Green Bond ETF (GRNB): A Comprehensive Overview
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VanEck's Green Bond ETF (GRNB): A Comprehensive Overview

VanEck's Green Bond ETF (GRNB) focuses on sustainable investments in renewable energy and clean transportation projects. Discover its benefits and risks.

AI Revolutionizes Customer Service Across Multiple Industries
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AI Revolutionizes Customer Service Across Multiple Industries

AI-powered customer service tools are transforming industries by enhancing agent productivity, automating interactions, and improving customer satisfaction.

Blockchain Tech Breakthroughs and Their Impact on Various Industries
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Blockchain Tech Breakthroughs and Their Impact on Various Industries

Explore how blockchain innovations like AMMs, DAOs, and zero-knowledge proofs are transforming industries beyond crypto, as discussed in a16z crypto's latest podcast.

HKMA and DFSA Forge Strategic Partnership to Advance Sustainable Finance
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HKMA and DFSA Forge Strategic Partnership to Advance Sustainable Finance

HKMA and DFSA held a joint conference to strengthen their collaboration on sustainable finance, emphasizing the importance of transition finance and net-zero goals.

UFC and VeChain Join Forces to Enhance Sustainability with VeBetter Ecosystem
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UFC and VeChain Join Forces to Enhance Sustainability with VeBetter Ecosystem

UFC and VeChain announce a strategic partnership to advance the VeBetter ecosystem, promoting sustainability through blockchain technology.

AI and Accelerated Computing Drive Energy Efficiency Gains During Climate Week 2024
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AI and Accelerated Computing Drive Energy Efficiency Gains During Climate Week 2024

NVIDIA's AI and accelerated computing platforms are leading to significant energy efficiency improvements across various industries, highlighted during Climate Week 2024.

SLB and NVIDIA Team Up to Enhance Energy Sector with Generative AI
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SLB and NVIDIA Team Up to Enhance Energy Sector with Generative AI

SLB and NVIDIA collaborate to develop generative AI solutions for the energy industry, leveraging NVIDIA NeMo and AI Enterprise platforms.

NVIDIA Introduces Digital Human Interface Blueprint for AI Applications
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NVIDIA Introduces Digital Human Interface Blueprint for AI Applications

NVIDIA unveils the NIM Agent Blueprint, enabling the development of digital human interfaces for AI applications, enhancing customer service with human-like interactions.

AI and Data: Enhancing Zero Trust Cyber Defense Strategies
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AI and Data: Enhancing Zero Trust Cyber Defense Strategies

NVIDIA's AI solutions, including Morpheus, are revolutionizing zero-trust cybersecurity by enabling real-time data analysis and anomaly detection.

Digital Twins Revolutionize Sustainable Manufacturing for Efficiency Gains
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Digital Twins Revolutionize Sustainable Manufacturing for Efficiency Gains

Siemens and NVIDIA leverage digital twins to enhance sustainable manufacturing, reducing emissions and optimizing processes through advanced simulations and real-time data integration.

California's New Law Sparks Debate on Digital Ownership in Gaming
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California's New Law Sparks Debate on Digital Ownership in Gaming

California's AB 2426 law mandates consumer warnings about revocable digital game ownership, highlighting the need for genuine digital asset control and the potential of Web3 solutions.

Adam Price to Address Future of Decentralization at LF Trust Summit
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Adam Price to Address Future of Decentralization at LF Trust Summit

Adam Price to discuss GalaChain's decentralization efforts at the LF Decentralized Trust Member Summit, highlighting innovations within Hyperledger Fabric. The event is exclusive to Linux Foundation members.

Leveraging NVIDIA NIM Agent Blueprint for AI Virtual Assistants in Customer Service
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Leveraging NVIDIA NIM Agent Blueprint for AI Virtual Assistants in Customer Service

Explore how NVIDIA's NIM Agent Blueprint is transforming AI virtual assistants in customer service, enhancing efficiency, accuracy, and personalization across industries.

AWS and NVIDIA Enhance High-Performance Computing for Energy Sector
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AWS and NVIDIA Enhance High-Performance Computing for Energy Sector

AWS and NVIDIA are driving digital transformation in the energy sector by integrating the AWS Energy HPC Orchestrator with NVIDIA Energy Samples to meet increasing computational demands.

Campbell Watson Utilizes AI in Earth Science Research
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Campbell Watson Utilizes AI in Earth Science Research

Campbell Watson, an IBM Research scientist, is leveraging AI to improve understanding of climate and environmental changes. His work with geospatial models aids in addressing global sustainability issues.

NVIDIA ALCHEMI NIM: Revolutionizing Sustainable Material Discovery
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NVIDIA ALCHEMI NIM: Revolutionizing Sustainable Material Discovery

NVIDIA unveils ALCHEMI NIM microservice to enhance sustainable material discovery, accelerating renewable energy solutions such as EV batteries and solar panels.

Analyzing Natural Resources: Inflation, Productivity, and Industry Trends
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Analyzing Natural Resources: Inflation, Productivity, and Industry Trends

Explore insights on natural resources, focusing on macroeconomic forces like inflation and productivity, alongside supply-demand fundamentals and resource transition trends.

Sortition in Modern Governance: Tech Giants Explore Lottery-Based Decision Making
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Sortition in Modern Governance: Tech Giants Explore Lottery-Based Decision Making

Explore the revival of 'sortition,' an ancient practice of governance by lottery, now gaining interest among tech and AI companies like Meta, OpenAI, and Anthropic.

HKMA Partners with Global Institutions for Climate Investment in Asia
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HKMA Partners with Global Institutions for Climate Investment in Asia

The Hong Kong Monetary Authority (HKMA) collaborates with multilateral organizations to enhance climate investment strategies in Asia, aiming for sustainable growth and reduced emissions.

NVIDIA's 2025 AI Predictions: Transformative Technologies Across Industries
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NVIDIA's 2025 AI Predictions: Transformative Technologies Across Industries

NVIDIA experts foresee AI advancements reshaping industries such as healthcare, finance, and entertainment by 2025, leveraging technologies like agentic AI and digital twins.

Hex Trust Enhances Custody and Trading Services for Injective (INJ)
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Hex Trust Enhances Custody and Trading Services for Injective (INJ)

Hex Trust expands its custody, staking, and trading services to the Injective (INJ)ecosystem, strengthening its role as a validator and supporting institutional investors.

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge
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Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

As crypto ETFs gain SEC approval, Coinbase Custody emerges as the trusted custodian for digital assets, leveraging advanced security and regulatory compliance.

Mastercard Unveils Interoperable CBDC in Australia
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Mastercard Unveils Interoperable CBDC in Australia

Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.

FTX secretly lent Alameda Research $65B
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FTX secretly lent Alameda Research $65B

Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff's argument that approval breaches 2019 New York climate legislation. The Climate Leadership and Community Protection Act aims to reduce 85% of statewide emissions by 2050 and achieve zero-emissions power by 2040, among other goals.

Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians
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Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians

Coinbase partners with Trustly for Open Banking in Canada, enabling direct bank-to-crypto wallet transactions. This follows Coinbase's recent Canadian market expansion and US crypto derivatives approval.

Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain
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Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain

Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site.

Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility
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Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility

Marathon Digital Holdings and Zero Two have partnered to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. The joint venture, based in Mina Zayed and Masdar City, will comprise two mining sites with a combined 250-megawatt capacity. Marathon and Zero Two plan to power the facilities with excess energy from Abu Dhabi’s grid.

Randall Crater, Founder of "My Big Coin" Sentenced
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Randall Crater, Founder of "My Big Coin" Sentenced

A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.

Celestia's Core Values: Bridging Off-chain Governance with User-centric Network
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Celestia's Core Values: Bridging Off-chain Governance with User-centric Network

Mustafa Al-Bassam delineates five core values for Celestia's social layer aimed at enhancing trust-minimization and user-centric network functionalities. These values include the primacy of off-chain governance, user elevation, credible neutrality towards execution environments, economic sustainability, and minimizing overhead and state bloat. The discourse provides a profound insight into Celestia's commitment to fostering a user-driven, trust-minimized blockchain network.

Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry
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Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry

Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole. He added that the crypto industry has "already started moving outside" of the US given its crypto regulation process is "behind" other countries such as Australia, UK, Japan, Singapore, and Switzerland.

U.S. District Judge Kevin Castel Grants Request to Defer civil cases
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U.S. District Judge Kevin Castel Grants Request to Defer civil cases

On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.

Grayscale Launches New Entity to Manage Growing Funds
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Grayscale Launches New Entity to Manage Growing Funds

Cryptocurrency asset manager Grayscale Investments has launched a new entity, the Grayscale Funds Trust, to manage its publicly traded financial products in-house. The company has also filed a registration statement for three new cryptocurrency-focused ETFs, including a Bitcoin Composite ETF, Ethereum Futures ETF, and a Privacy ETF.

Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
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Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information

Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.

Paolo Ardoino: Tether Ranks 22nd in US Treasury Holdings, Surpassing Mexico, Australia, and Spain
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Paolo Ardoino: Tether Ranks 22nd in US Treasury Holdings, Surpassing Mexico, Australia, and Spain

Tether, the world's leading stablecoin, now holds $72.5 billion in U.S. Treasury bills, despite China's divestment from U.S. debt. Mixed reactions arise, questioning long-term stability in emerging markets.

ASIC Raids Binance Australia as Global Regulatory Hurdles Mount
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ASIC Raids Binance Australia as Global Regulatory Hurdles Mount

As reported by Bloomberg, the Australian Securities and Investments Commission (ASIC) executed a search operation at the offices of Binance Australia. This operation is a part of an ongoing inquiry into the crypto giant's now-closed local derivatives business, highlighting the intensifying regulatory scrutiny Binance is encountering.

Luna Foundation Says Plans to Repay Terra Investors Thwarted by Litigation Woes
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Luna Foundation Says Plans to Repay Terra Investors Thwarted by Litigation Woes

The plans to compensate affected Terra users is still far from reality.

Animoca Brands Cuts Metaverse Fund Target to $800M
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Animoca Brands Cuts Metaverse Fund Target to $800M

Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval
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US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval

US Bitcoin Corp has secured court approval for its merger with Hut 8 Mining Corp, marking a significant step towards managing its assets and listing on Nasdaq and the Toronto Stock Exchange.

Breaking: Binance Sells Russian Operations to CommEX, Exits Market
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Breaking: Binance Sells Russian Operations to CommEX, Exits Market

Binance has announced the sale of its entire Russia business to CommEX, citing compliance issues as the primary reason for the exit. The transition process for existing Russian users is expected to take up to one year, with no financial strings attached to the deal for Binance.

Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations
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Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations

Prosecution delves into allegations of cryptocurrency embezzlement & breach of trust against ex-Kakao chairman & affiliate executives, marking the start of a formal inquiry with the examination of the complainant on Oct 11.

Grimes Offers to Split Royalties with AI-Generated Music Creators
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Grimes Offers to Split Royalties with AI-Generated Music Creators

Musician and producer Grimes has announced that she is in favor of AI-generated music and will treat AI creators using her voice the same as other artists she collaborates with. She plans to split 50% royalties on any successful AI-generated song that uses her voice. Grimes has no label and supports open-sourcing art, ultimately “killing copyright.”

Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
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Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030

VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.

Singapore Regulators and Banks Develop Crypto Customer Screening Standards
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Singapore Regulators and Banks Develop Crypto Customer Screening Standards

Singapore's monetary authority and police forces are collaborating with traditional banks to optimize their procedures for opening accounts for digital asset service providers. After six months, results and conclusions for risk management and due diligence will be published. The guidelines will cover stablecoins, NFTs, and transferable gaming or streaming credits, with banks reserving the right to make decisions based on their own risk assessment.

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
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BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.

Signature Bank Under Investigation by US Government Bodies
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Signature Bank Under Investigation by US Government Bodies

Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.

Binance Australia Derivatives starts closing certain positions and accounts
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Binance Australia Derivatives starts closing certain positions and accounts

Binance Australia Derivatives are for wholesale investors exclusively, according to a separate notification.

Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia
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Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia

Block Inc. invests AUD$3 million in First Australians Capital's new fund, supporting Indigenous businesses in Australia, aiming to empower entrepreneurs, foster economic growth, and create community wealth.

AI : Experts Predict Human-Level Intelligence Within Decades
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AI : Experts Predict Human-Level Intelligence Within Decades

A 2023 Oxford University survey forecasts a 50% chance of AI surpassing human performance in a decade, potentially reshaping jobs and industries by 2116. This rapid AI development calls for equitable access and bias mitigation.

Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals
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Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals

Trust Wallet has partnered with Ramp and MoonPay to offer seamless crypto-to-fiat withdrawals for its users. The feature allows Trust Wallet users to convert crypto to fiat directly within the app, eliminating the need for transferring funds to a centralized wallet. This development comes at a time when centralized exchanges and P2P platforms are shutting down.

OpenBazaar Set for a Comeback
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OpenBazaar Set for a Comeback

OpenBazaar, a decentralized marketplace that was shut down in 2020, appears set for a comeback. Recent updates on social media and GitHub indicate progress on building a new version of the marketplace using the programming language Rust. Former project lead Brian Hoffman has hinted at the marketplace's return, citing "freedom of exploration" as a key factor in its revival.

Visa Approves Australian Startup CryptoSpend to Issue Debit Cards in Cryptos
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Visa Approves Australian Startup CryptoSpend to Issue Debit Cards in Cryptos

The world's leading payment giant Visa approves the Australian startup CryptoSpend to issue debit cards for its customers to consume through cryptocurrencies.

Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned
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Binance Accelerates LUNC Burn, Fuels Market Optimism with Over 49 Billion Tokens Burned

Binance's recent burning of 5.57 billion Terra Luna Classic tokens has significantly reduced LUNC supply, leading to a 7% increase in LUNC and USTC prices.

VP Bank Partners with Metaco for Digital Asset Custody Services
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VP Bank Partners with Metaco for Digital Asset Custody Services

VP Bank has teamed up with Metaco to enhance its digital asset custody and tokenization operations. The partnership will allow VP Bank to leverage Metaco's Harmonize platform for asset minting, burning, and storage.

Australia’s Finance Minister Warns Crypto are High Risk Assets
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Australia’s Finance Minister Warns Crypto are High Risk Assets

Australia’s Financial Services Minister Jane Hume warned that the cryptocurrencies are volatile and high-risk assets, investors must be aware of risk after the recent massive price correction of the global crypto industry.

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem
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Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem

Justin Sun’s entry into Steemit is not going down well with the community. They have created a hard fork of the blockchain and named it Hive. Vitalik Buterin, Ethereum Founder, tweeted that Hive stands a test of time in demonstrating whether self-independence will be achieved.

Terra Classic (LUNC) Community Approves Landmark Proposal to Burn 800 Million USTC
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Terra Classic (LUNC) Community Approves Landmark Proposal to Burn 800 Million USTC

The Terra Classic community has voted in favor of a proposal to burn 800 million USTC through contract migration, marking a pivotal governance decision.

No Plans to Launch Crypto Platform Yet: Nasdaq
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No Plans to Launch Crypto Platform Yet: Nasdaq

Nasdaq plans to wait for further clarity in terms of crypto adoption globally, the company’s executive vice president and head of North American markets said.

Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation
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Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation

During a fireside chat at the Hong Kong Web3 Festival, Binance CEO Changpeng Zhao (CZ) discussed the importance of regulators having a deep understanding of the crypto industry to properly regulate it. He emphasized the need for regulatory clarity and engagement with regulators. CZ also suggested that government efforts to restrict traditional financial markets may push more people towards crypto, ultimately leading to mass adoption.

Bitcoin Water Trust Receives Over $1.3M BTC Donations For Charity within Three Weeks
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Bitcoin Water Trust Receives Over $1.3M BTC Donations For Charity within Three Weeks

The famous New York-based non-profit organization "Charity: water" has recently introduced the Bitcoin Water Trust establishment during the 2021 Miami Bitcoin Conference. The trust fund has received worth more than $1.3 million BTC donations within three weeks of the trust's launch.

Report: TON and Telegram Forge Alliance in Q3 2023
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Report: TON and Telegram Forge Alliance in Q3 2023

The TON Ecosystem saw substantial growth and strategic alliances in Q3 2023. Notable highlights include a collaborative venture with Telegram, set to roll out the self-custodial wallet, TON Space, to Telegram's 800 million users, and a steady increase in TON accounts and on-chain active wallets. Various community initiatives and developer-centric events further illustrated TON's commitment to fostering a robust ecosystem, setting a solid foundation for its expansive vision in the crypto landscape.

Fidelity Set to Hire 100 Employees to Strengthen its Crypto Firm
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Fidelity Set to Hire 100 Employees to Strengthen its Crypto Firm

Fidelity Digital Assets, the asset management Behemoth Fidelity's cryptocurrency division, has disclosed its plans to hire 100 new employees in the next six months to strengthen its workforce

US Regulator Crypto Custody Proposal Opposed
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US Regulator Crypto Custody Proposal Opposed

The US SEC's proposal to amend its custody rule has faced opposition from the Blockchain Association and Andreessen Horowitz, who have filed letters criticising the rule's impact on investment advisers and its potential to curtail investment in digital assets. The SEC's proposal would apply more stringent rules on investment advisers in the custody of assets, including crypto.

Reuters: Binance Australia Users Rush to Sell Bitcoin Amid Payment Issues
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Reuters: Binance Australia Users Rush to Sell Bitcoin Amid Payment Issues

According to a recent report by Reuters, Bitcoin prices on Binance's Australian platform were almost A$9,000 lower than those on rival exchanges on Tuesday.

SEC Rejects VanEck Spot Bitcoin Trust Proposal
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SEC Rejects VanEck Spot Bitcoin Trust Proposal

The United States Securities and Exchange Commission has denied the proposal for a spot Bitcoin trust by investment manager VanEck. This decision follows a trend of the SEC denying every application for a spot Bitcoin trust over the last six years. Two SEC commissioners have released a statement criticizing the decision and alleging a double standard in the Commission’s approach to commodity-based exchange-traded products (ETPs).

Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors
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Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors

Nasdaq listed company Northern Trust (NTRS), the National University of Singapore's School of Computing (NUS Computing), and the Asian Institute of Digital Finance (NUS AIDF) have announced a series of initiatives aimed at shaping the future of blockchain for institutional investors.

Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
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Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions

Wintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.

FTX Founder's Lawyers Consider Delaying Criminal Trial
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FTX Founder's Lawyers Consider Delaying Criminal Trial

Lawyers representing FTX founder Sam Bankman-Fried have hinted that they may need to delay his criminal trial due to a lack of evidence from the Department of Justice (DOJ). The trial, which is scheduled to begin on October 2, will focus on fraud charges against Bankman-Fried. His lawyers have stated that they are still waiting for a "substantial portion" of evidence to be handed over to them, including evidence from devices belonging to former FTX employees who have pleaded guilty to fraud charges.

DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens
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DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens

Since regulators consider crypto coins to be ill-suited for retail consumers, DBS bank said that it will not offer such products to retail-banking clients any time soon.

Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem
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Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem

Zodia Custody has partnered with Parity Technologies to enhance institutional access to the Polkadot ecosystem, a pioneering blockspace network. The partnership will provide custody services, staking DOT, and bridging the gap between traditional finance and digital assets. Zodia Custody will also support the ecosystem's sustained evolution through research and development, promoting global initiatives associated with Parity and Polkadot.

HTX Hacker Returns Stolen Ether, Rewarded with Bounty
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HTX Hacker Returns Stolen Ether, Rewarded with Bounty

The hacker who stole 5,000 Ether from Huobi Global's exchange HTX returned the funds on October 7, following a bounty offer from HTX. The exchange had offered a 5% bounty of the stolen funds if returned by an October 2 deadline. Upon the return of the stolen funds, the hacker was rewarded with a 250 ETH bounty, valued at approximately $410,000. The return of the funds and the bounty payout was publicly acknowledged by HTX adviser Justin Sun.

U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum
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U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum

The Houston Firefighters' Relief and Retirement Fund, which manages nearly $5.5 billion in assets, announced that it has invested in cryptocurrencies.

TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources
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TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources

Justin Sun, the founder of TRON, is reportedly to be the real buyer for the acquisition of Huobi Global, according to sources with the matter.

US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
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US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members

A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.

Australia Breaks Into Top 3 Nations for Crypto ATM
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Australia Breaks Into Top 3 Nations for Crypto ATM

Australia has 234 crypto ATMs, third worldwide behind the US and Canada. Australia has added 16 ATMs since Jan. 1, while Spain has lost 4 and El Salvador hasn't.

Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks
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Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks

Binance, in conjunction with the Royal Thai Police, has successfully disrupted major crypto fraudulent networks in Thailand through two significant operations. The collaboration led to the arrest of key individuals and substantial asset seizures, underscoring Binance's proactive stance against cybercrime and its ongoing commitment to enhancing security within the digital asset ecosystem.

Tornado Cash Now Placed Under US OFAC Sanctions
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Tornado Cash Now Placed Under US OFAC Sanctions

The United States Treasury Department has barred Tornado Cash from offering any form of transactions to individuals in the US.

Hong Kong Investors Launch $100M Fund for Web3 Startups
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Hong Kong Investors Launch $100M Fund for Web3 Startups

ProDigital Future, a new $100 million fund led by Hong Kong-based equity firm SAIF Partners, aims to support early-stage Web3 companies in the regional market. The fund has already raised $30 million during its half-year fundraising period and plans to raise $100 million by the end of 2023. ProDigital Future has already invested in six digital-asset projects, including GigaSpace and One Future Football. The fund intends to operate in Hong Kong, Australia, Singapore, Europe, and the United States, while adhering to the necessary licensing and regulatory requirements.

Binance Australia Derivatives License Canceled by ASIC
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Binance Australia Derivatives License Canceled by ASIC

ASIC has canceled the financial services license of Binance Australia Derivatives after reviewing Binance's operations in the country. Clients must close their existing derivatives positions before April 21.

R3 Highlights the Transformative Potential of Tokenization in Finance
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R3 Highlights the Transformative Potential of Tokenization in Finance

R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.

PayPal Joins Coinbase TRUST Network to Comply with Travel Rule
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PayPal Joins Coinbase TRUST Network to Comply with Travel Rule

Coinbase has welcomed PayPal for joining TRUST, a global coalition that offers top-tier privacy and security safeguards to clients across jurisdictions while complying with the Travel Rule.

China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies
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China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies

In a recent move, the Guangdong Provincial Party Committee and Provincial Government have issued the "Outline for Building Guangdong Province as a Strong Quality-driven Province," outlining their vision to enhance the leading role of industrial clusters in terms of quality.

Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations
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Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations

Singapore's MAS has blacklisted ImToken, a crypto wallet provider, for lack of a financial license, citing its role as a decentralized, self-custodial wallet for investor protection and market stability.

Judge Dismisses Antitrust Suit Against Apple Over Apple Cash
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Judge Dismisses Antitrust Suit Against Apple Over Apple Cash

US District Judge has dismissed an antitrust lawsuit targeting Apple, where Venmo and Cash App users claimed Apple Cash had an anti-competitive edge.

Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
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Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition

Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.

Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
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Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency

Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.

Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU
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Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU

Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.

UAE Crypto Insights: 72% Investors Lean Towards Bitcoin
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UAE Crypto Insights: 72% Investors Lean Towards Bitcoin

The UAE's crypto investors, according to a survey by KuCoin, are overwhelmingly in favor of Bitcoin, highlighting the need for trust, security, and crypto education, as well as a keen interest in blockchain and AI integration, indicating the country's potential as a crypto hub.

Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations
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Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations

Blockstream has officially launched Greenlight, a Lightning-as-a-Service (LaaS) solution, aimed at alleviating the operational challenges of managing Lightning network nodes while enhancing security. The service, revealed in June and launched on October 12, 2023, allows developers to retain key control, reducing risks and freeing up essential resources for core business operations. Greenlight offers a blend of convenience and self-custody, making it a noteworthy advancement in the blockchain and Lightning network domain.

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
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Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.

Social Media Site X Limits Changpeng Zhao's Account Access
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Social Media Site X Limits Changpeng Zhao's Account Access

Changpeng Zhao, former Binance CEO, faced account restriction on social media platform X amidst legal challenges, leading to widespread speculation in the crypto industry.

JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg
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JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg

JPMorgan Chase & Co., the American multinational investment bank, has formed an alliance with six Indian banks to inaugurate a blockchain-based platform that will handle interbank dollar transactions within India's emerging International Financial Centre.

Bitget creates an AI-powered crypto trading tool
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Bitget creates an AI-powered crypto trading tool

Bitget, an influential entity in the fields of crypto derivatives and copy trading, has introduced a novel tool called the Martingale AI trading bot. This AI-powered innovation is engineered to help its users trade cryptocurrencies with higher efficiency.

xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights
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xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights

Elon Musk's xAI unveiled Grok, an AI chatbot, inspired by 'The Hitchhiker's Guide to the Galaxy, providing real-time world knowledge and answering questions with humor, outperforming other models.

Atomicals Market Addresses Security Breach and Announces Compensation Measures
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Atomicals Market Addresses Security Breach and Announces Compensation Measures

Atomicals Market has implemented measures to restore user trust and enhance platform security following a significant security breach, emphasizing community engagement's crucial role in protocol's future.

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
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Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes.

Why Switzerland is Fast Becoming a Global Hub for Blockchain Industry
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Why Switzerland is Fast Becoming a Global Hub for Blockchain Industry

Switzerland is fast adopting innovation and blockchain and is positioned to create a huge impact on other economies.

Standard Chartered’s Zodia Custody Gets FCA Approval to Offer Cryptocurrency Services
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Standard Chartered’s Zodia Custody Gets FCA Approval to Offer Cryptocurrency Services

Zodia Custody has been given greenlight to provide cryptocurrency services to institutions.

Unchained Capital Raises $60M in Bitcoin Funding
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Unchained Capital Raises $60M in Bitcoin Funding

Financial services provider Unchained Capital has raised $60 million in a Series B funding round led by Valor Equity Partners. The company uses multi-signature technology to provide a more secure way to hold Bitcoin, allowing clients to share control of their funds between private keys they hold themselves and those held by Unchained or other financial services companies. The funding will be used to expand Unchained's reach and suite of services.

Kraken Introduces Simple, Secure, and Powerful Kraken Wallet
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Kraken Introduces Simple, Secure, and Powerful Kraken Wallet

Kraken has launched Kraken Wallet, a self-custodial wallet that offers simplicity, security, and power to users. The wallet allows seamless interaction with popular blockchains, comprehensive portfolio tracking, and WalletConnect integration. With a focus on privacy and backed by Kraken's industry-leading security measures, Kraken Wallet aims to accelerate crypto adoption and empower users in the decentralized world.

Australian Bankers Association cost of living probe shows bank pressure
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Australian Bankers Association cost of living probe shows bank pressure

The Australian Bankers Association (ABA) has launched a cost of living review to determine how the COVID-19 epidemic, global supply chain restrictions, geopolitical tensions, and other factors have raised Australia's already high cost of living. The research will examine Australia's economic policies and ways to cut living costs.

ARK Invest Intensifies Investment in Robinhood
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ARK Invest Intensifies Investment in Robinhood

ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.

IOSCO Proposes Measures To Probe Digital Marketing Risks
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IOSCO Proposes Measures To Probe Digital Marketing Risks

Concerning the rapid increase of risks in digital marketing, The International Organization of Securities Commissions, or IOSCO, has proposed some measures for its member countries to consider when deciding their policy and imposition approaches to retail online offerings and marketing.

Trust Wallet connects Binance Pay and Coinbase Pay
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Trust Wallet connects Binance Pay and Coinbase Pay

Trust Wallet launched its browser extension, now available in Chrome and Opera browsers. The extension lets users store, send and receive crypto across all EVM chains and Solana networks. Binance CEO Changpeng Zhao publicly endorsed Trust Wallet, stating "self-custody is a fundamental human right".

Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone
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Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone

Coinbase's role in the newly approved Bitcoin spot ETFs by the SEC marks a crucial advancement in cryptocurrency's integration into mainstream finance, bringing regulatory clarity and institutional investment opportunities.

60k BTC and 60k ETH on Justin Sun's Tron Seem Unbacked
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60k BTC and 60k ETH on Justin Sun's Tron Seem Unbacked

Crypto analyst ErgoBTC suggests 60k TRC20 BTC and 60k TRC20 ETH tokens on Justin Sun's Tron network, currently in JustLend protocol, appear unbacked, implying a $1.8B non-existent TVL.

Binance Australia Derivatives Closes Accounts After False Classification
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Binance Australia Derivatives Closes Accounts After False Classification

The Australian Securities and Investments Commission would "target" the company's "classification of retail and wholesale customers."

North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist
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North Korea's Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist

North Korea has escalated cyber attacks on cryptocurrency since 2017, stealing over $3 billion and stealing $1.7 billion in 2022, posing a serious threat to the country's economy and military budget.

BTC Mining Report Draws Criticism
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BTC Mining Report Draws Criticism

The New York Times’ recent report on Bitcoin mining has been criticized by some BTC proponents for cherry-picking data and overstating the fossil fuel use of BTC miners. They also point out the increasing use of sustainable energy in the sector. Despite the debate on energy consumption, Bitcoin mining remains significant for blockchain security and decentralization.

Despite Closed Door, Justin Sun Says He's Ready to Inject Billions into FTX - Report
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Despite Closed Door, Justin Sun Says He's Ready to Inject Billions into FTX - Report

Justin Sun of Tron blockchain said he is ready to commit billions to bail out FTX

News Industry Grapples with Financial Woes and AI Disruption
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News Industry Grapples with Financial Woes and AI Disruption

The news industry faces declining advertising revenue, declining subscriber growth, and AI-driven disruptions, necessitating strategic shifts and legal disputes to adapt to digital advertising trends.

Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle
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Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle

Harvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.

He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
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He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen

In a public letter, He Yi, Co-founder of Binance, discusses the company's compliance strategy, which gains significance amidst a U.S. Department of Justice inquiry initiated on May 6, 2023, 13 SEC charges, and the company's recent exit from the Russian market.

FTX was the "fastest" company collapse in American history, says U.S. Trustee.
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FTX was the "fastest" company collapse in American history, says U.S. Trustee.

The US Trustee overseeing FTX's bankruptcy proceedings has requested an independent investigation into its demise. In a Dec. 1 motion, U.S. Trustee called the defunct exchange the "fastest large business collapse in American history". An independent examiner has been requested by the Department of Justice. Independent examiners are usually called in when creditors want them or when unsecured debts surpass $5 million. Trustee Andrew Vara said debtors "suffered an almost unparalleled fall in value" over eight days in November. The U.S. Attorney's Office for the Southern District of New York and Securities and Exchange Commission have allegedly submitted many requests to investors.

NBA's Rockets Team up with NYDIG, to be Paid in Bitcoin
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NBA's Rockets Team up with NYDIG, to be Paid in Bitcoin

NBA team Houston Rockets announced that it will collaborate with the New York Digital Investment Group (NYDIG), a top player in the bitcoin arena.

Thailand's SEC enhances investor protection with new cryptocurrency trading rules.
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Thailand's SEC enhances investor protection with new cryptocurrency trading rules.

Thailand's Securities and Exchange Commission (SEC) has introduced new guidelines to strengthen investor protection in the cryptocurrency industry. The SEC has mandated clearer disclosure of risk warnings and restrictions on digital asset business operators' deposit and lending services.

DOJ Targets SBF's Jets for Forfeiture
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DOJ Targets SBF's Jets for Forfeiture

Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.

Australia Surpasses Asia in Crypto ATM Installations
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Australia Surpasses Asia in Crypto ATM Installations

Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon.

Crypto Conferences Scale Back
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Crypto Conferences Scale Back

Crypto conferences have toned down the extravagance in response to the extended crypto winter, with attendees focusing on discussing regulation and tax. The XRP Las Vegas conference for XRP enthusiasts and the “XRP Army” highlighted frustration over regulatory clarity in the United States. Meanwhile, regulation was the primary topic at a recent Binance Australia meetup event, where attendees asked intelligent questions despite the ongoing bear market. Interest in crypto remains strong, even as conferences scale back.

Coin Cloud Customer Data and Source Code Allegedly Stolen
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Coin Cloud Customer Data and Source Code Allegedly Stolen

Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.

BlackRock and SEC Discuss iShares Bitcoin Trust Listing on Nasdaq
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BlackRock and SEC Discuss iShares Bitcoin Trust Listing on Nasdaq

The SEC is reviewing multiple proposals for iShares Bitcoin Trust's listing as a spot Bitcoin ETF on Nasdaq, marking a significant step in mainstream cryptocurrency acceptance.

Bitcoin Retreats to Around $30k: Decoding the Technical Indicators and Regulatory Factors
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Bitcoin Retreats to Around $30k: Decoding the Technical Indicators and Regulatory Factors

In today's market developments, Bitcoin has retracted to around $30k, weighed down by various technical factors and a series of recent regulatory interventions.

Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award
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Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award

OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.

Prime Trust Files for Chapter 11 Bankruptcy
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Prime Trust Files for Chapter 11 Bankruptcy

Prime Trust, LLC filed for Chapter 11 bankruptcy on August 14, 2023, following financial difficulties, a cease and desist order, and a terminated acquisition deal with BitGo.

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams
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CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.

Huobi Korea Wants To Separate And Change Name
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Huobi Korea Wants To Separate And Change Name

Recently, the firm cut off 20% of its employees and disclosed a $6 million outflow. Reports say Huobi Korean chairman Cho Kook-bong will buy Li's stake.

Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market
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Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market

Ripple, the global provider of blockchain-based payment systems, has announced its acquisition of Metaco, a Swiss provider of digital asset custody and tokenization technology.

US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development
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US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development

The US National Institute of Standards and Technology (NIST) has launched the Artificial Intelligence Safety Institute Consortium to promote safe AI development and responsible use, inviting organizations to collaborate on identifying proven safety techniques by December 4, 2023.

Australian Senator Proposes Digital Asset Regulation Bill
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Australian Senator Proposes Digital Asset Regulation Bill

Senator Andrew Bragg has proposed a Digital Assets (Market Regulation) Bill 2023 to regulate cryptocurrency services in Australia. The bill recommends stablecoin regulations, licensing of exchanges, and custody requirements to protect consumers and promote investment.

Australian Banks Ordered to Report Crypto Transactions
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Australian Banks Ordered to Report Crypto Transactions

The Australian Prudential Regulation Authority (APRA) has ordered local banks to report on cryptocurrency transactions amid concerns over the contagion of recent banking collapses, including that of Silicon Valley Bank (SVB). The regulator is seeking more information and insight into banking exposures to crypto assets and associated risks.

SEC Postpones Decision on Grayscale Ethereum Trust's ETF Application
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SEC Postpones Decision on Grayscale Ethereum Trust's ETF Application

The SEC has extended its review period for Grayscale's Ethereum ETF application to January 2024, reflecting a careful evaluation approach towards cryptocurrency ETFs.

ADGM Launches Pioneering DLT Foundations Regime
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ADGM Launches Pioneering DLT Foundations Regime

Abu Dhabi Global Market's Registration Authority has introduced the Distributed Ledger Technology Foundations Regulations 2023, a global legislative framework designed to facilitate token issuance, promote governance, and drive transparency in the crypto sector.

British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future
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British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future

BSI's release of the first international AI safety guideline, BS ISO/IEC 42001, marks a significant step in standardizing the safe and ethical use of AI, reflecting global demand for robust AI governance.

HKUST Designs First Virtual Campus in the Metaverse
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HKUST Designs First Virtual Campus in the Metaverse

Hong Kong University of Science and Technology (HKUST) announced its intention to establish the world's first physical-digital twin campuses in the Metaverse.

Court Approves Voyager Digital's Acquisition by Binance.US
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Court Approves Voyager Digital's Acquisition by Binance.US

The US District Court rejected the government's appeal to halt Binance.US's acquisition of bankrupt brokerage company Voyager Digital. The court confirmed its prior approval of Voyager Digital's Chapter 11 bankruptcy plan, which involves selling assets to Binance.US to repay customers. The court also allowed Binance.US to issue repayment tokens to impacted Voyager customers, despite objections by the US Securities and Exchange Commission.

Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized
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Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized

The Indian Supreme Court's decision not to accept a PIL for cryptocurrency regulation underscores the legislative nature of such regulations and the ongoing regulatory uncertainty in the crypto sector.

Chief Justice Roberts Calls for Caution with AI in Legal Field
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Chief Justice Roberts Calls for Caution with AI in Legal Field

Chief Justice John Roberts advocates for legal caution in utilizing AI due to privacy and human judgment concerns, proposing rules for lawyers to verify the accuracy of AI-generated court papers.

OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders
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OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders

OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties.

AI Chatbots Set to Revolutionize Fast-Food Industry
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AI Chatbots Set to Revolutionize Fast-Food Industry

Wendy's and other fast-food chains are partnering with tech companies to develop AI chatbots that use natural language processing to take drive-thru orders. This technology has the potential to significantly improve customer experience and streamline operations in the fast-food industry.

SEC Charges FTX Auditor Prager Metis Over Independence Violations
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SEC Charges FTX Auditor Prager Metis Over Independence Violations

The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.

State Street Partners with Copper.co to Offer Crypto Custody Services to Customers
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State Street Partners with Copper.co to Offer Crypto Custody Services to Customers

The partnership will continue to help State Street bank to provide digital and crypto asset services for its clients.

CoinDesk Under Fire for Retracting Articles on Justin Sun and Chainalysis
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CoinDesk Under Fire for Retracting Articles on Justin Sun and Chainalysis

CoinDesk, a prominent cryptocurrency news source, has been accused of retracting articles criticizing industry players, raising concerns about its commitment to balanced reporting and editorial integrity, highlighting the need for objective reporting.

Ethereum Team Leader Critiques University's Apathy Towards Crypto Education
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Ethereum Team Leader Critiques University's Apathy Towards Crypto Education

Ethereum head, Péter Szilágyi, expressed frustration over his alma mater's lack of interest in blockchain technology, contrasting with global demand for blockchain education driven by major corporations and student interests.

PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets
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PwC Report: Asian Institutional Investors Opt for Third-Party Custody Solutions for Digital Assets

A joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.

BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
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BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11

BlockFi will show assets, obligations, and pre-bankruptcy payments. After its first bankruptcy hearing in November, the business contacted 106 buyers. The U.S. Department of Justice confiscated over 55 million Robinhood shares worth $450 million. BlockFi claimed shares.

National Australia Bank to Launch Ethereum-Based Stablecoin
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National Australia Bank to Launch Ethereum-Based Stablecoin

NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.

Examiner: Celsius' accounting and operational controls were 'insufficient'
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Examiner: Celsius' accounting and operational controls were 'insufficient'

The independent examiner in Celsius' bankruptcy case has alleged that the company failed to set up "sufficient" accounting and operational controls in its handling of customer funds. The interim report shed light on what ultimately forced the lending platform to halt withdrawals on June 12. Celsius, founded in 2017 by Alex Mashinsky and Daniel Leon, didn't start tracking its balance sheet until after confrontation with regulators in May.

Kraken Fights IRS Over Customer Information
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Kraken Fights IRS Over Customer Information

Kraken is contesting the United States Internal Revenue Service's demand for critical exchange user information, citing it as an "unjustified treasure hunt." Kraken has requested federal court intervention, pointing out that the IRS has gone "far beyond" its intrusive summons. The fight against IRS is Kraken's response to the agency's February summons, which demanded additional user information to identify Kraken accounts that did at least $20,000 of cryptocurrency trading in any single year between 2016 and 2020.

Aussie Baseball Team Perth Heat to Start Paying Players and Staff in Bitcoin
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Aussie Baseball Team Perth Heat to Start Paying Players and Staff in Bitcoin

Australian baseball team Perth Heat is incorporating Bitcoin into its business practices and is making preparations to offer salaries in the cryptocurrency.

Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring
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Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring

Sam Altman returns as OpenAI's CEO, with a reconstituted board, after a brief ouster, underscoring his pivotal role in the AI industry.

FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances
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FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances

The recent updates to the FTX Customer Claims Portal aim to provide more clarity on derivative positions for customers. While these changes may affect the displayed USD balance, they do not impact the overall value of the claims. The valuation of derivative positions is based on FTX exchange pricing as of specific dates and times, with the final USD valuation to be determined later.

Silvergate Bank Probed by DOJ for Ties to FTX Exchange
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Silvergate Bank Probed by DOJ for Ties to FTX Exchange

Prosecutors are investigating Silvergate's Alameda accounts.

China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi
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China Mobile Launches Metaverse Industry Alliance, Involving Tech Giants Like Huawei and Xiaomi

On June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. This initiative marks a significant stride in China Mobile's strategic foray into the rapidly expanding metaverse landscape.

Involved in Cryptocurrency and Cash Corruption, Regional Military Recruitment Heads Were Dismissed by Ukrainian President
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Involved in Cryptocurrency and Cash Corruption, Regional Military Recruitment Heads Were Dismissed by Ukrainian President

Ukrainian President dismissed regional military recruitment heads for corruption involving cryptocurrency and cash. Law enforcement opened 112 cases.

Canadian PM Justin Trudeau Denounces Cryptos as Escape from Inflation
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Canadian PM Justin Trudeau Denounces Cryptos as Escape from Inflation

The current Prime Minister of Canada, Justin Trudeau, said that investing in cryptocurrencies to avoid inflation is an act of irresponsible leadership.

Justin Sun's Billion-Dollar Crypto Portfolio Revealed
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Justin Sun's Billion-Dollar Crypto Portfolio Revealed

Justin Sun's over 1 billion crypto portfolio showcases his strategic approach to risk and growth, investing in both altcoins and major cryptocurrencies.

Abra Appoints Justin McMahan As Chief Financial Officer
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Abra Appoints Justin McMahan As Chief Financial Officer

McMahan's appointment marks the first time Abra has hired an CFO. McMahan brings with him significant expertise that would be invaluable for Abra as the firm continues on its journey to becoming one of the leading crypto firms in the world.

El Salvador's Nayib Bukele buy 1 BTC daily
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El Salvador's Nayib Bukele buy 1 BTC daily

El Salvador's President Nayib Bukele and Grenada's ambassador Justin Sun have decided to accumulate 1 BTC per day. Analysts are worried that bitcoin could slide to $13,000, having already lost 76% since hitting a record high of $69,000.

Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody
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Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody

The Bank Policy Institute, American Bankers Association, Financial Services Forum, and SIFMA have requested modifications to Staff Accounting Bulletin No. 121 to address challenges in digital asset custody for US banking organizations. The aim is to align provisions with recent policy developments and practical experience.

El Salvador Lags Behind as Spain Overtakes to Become Third Largest Crypto ATM Hub
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El Salvador Lags Behind as Spain Overtakes to Become Third Largest Crypto ATM Hub

With a total of 215 crypto ATMs hosted in Spain, the country has now outpaced El Salvador, which is home to 212 crypto ATMs, down to the fourth position, following Spain’s third position.

SpankChain Shuts Down SpankPay Crypto Payment Processor
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SpankChain Shuts Down SpankPay Crypto Payment Processor

Ethereum-based adult entertainment platform SpankChain has closed down its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one.

Signature Bank Team Joins Customers Bank, Part of $21B Customers Bancorp
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Signature Bank Team Joins Customers Bank, Part of $21B Customers Bancorp

Customers Bank, a subsidiary of Customers Bancorp (NYSE:CUBI), has announced the successful onboarding of nearly 30 team members formerly employed by Signature Bank, once known for its crypto-friendly stance.

Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
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Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping

The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.

Dee Templeton Joins OpenAI's Board Amidst Corporate Governance Overhaul
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Dee Templeton Joins OpenAI's Board Amidst Corporate Governance Overhaul

Microsoft's Dee Templeton joins OpenAI's board as a nonvoting observer amidst significant corporate governance changes following CEO Sam Altman's brief ouster and reinstatement.

Legacy Healing Center Accepts Crypto Payment Option for More Addiction Treatment
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Legacy Healing Center Accepts Crypto Payment Option for More Addiction Treatment

Legacy Healing Center, a US-based addiction treatment centre in Florida and New Jersey, aims to open the doors to more people seeking treatment by accepting Bitcoin (BTC) and Ethereum (ETH) as valid forms of payment.

Breaking: Ripple XRP Acquires Web3 Financial Institution Fortress Trust
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Breaking: Ripple XRP Acquires Web3 Financial Institution Fortress Trust

Ripple has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, which offers Web3 financial, regulatory, and technological solutions for blockchain pioneers. The acquisition strengthens Ripple's business and product trajectory, following its $250M purchase of Metaco in 2023. The merger extends Ripple's regulatory credentials, including a Nevada Trust license and 30+ Money Transmitter Licenses across the US and Singapore.

FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
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FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases

FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.

WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal
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WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal

WeStreet Credit Union has introduced a Crypto Portal, offering a secure platform for buying, selling, and holding cryptocurrencies. Initially a members-only feature since August 2023, it opened to the public in October. Partnering with a Qualified Crypto Custodian, WeStreet provides a regulated, audited platform for cryptocurrency transactions, bridging the gap between traditional banking and the digital currency sphere.

Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case
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Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case

The US FTC has awarded Voyager Digital a $1.65 billion settlement for misleading statements about customer fund safety, marking a significant regulatory action in the crypto market.

Robinhood Receives Investigative Subpoena from SEC Over Crypto Business
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Robinhood Receives Investigative Subpoena from SEC Over Crypto Business

Robinhood disclosed in a recent 10-K filing that it received an investigative subpoena from the SEC in December 2022 regarding its supported cryptocurrencies, custody of cryptocurrencies, and platform operations. The subpoena was in response to the bankruptcies of several major cryptocurrency trading venues and lending platforms earlier in the year, including FTX, Three Arrows Capital, Voyager Digital Holdings, and Celsius Network. This follows previous subpoenas from the California Attorney General's Office and scrutiny from the Massachusetts Securities Division. Robinhood's crypto division was also fined $30 million by the New York District of Financial Services in August 2021 for failing to invest the proper resources and attention to develop and maintain a culture of compliance.

Surge in Generative AI Adoption Across Sectors: Balancing Innovation and Risks
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Surge in Generative AI Adoption Across Sectors: Balancing Innovation and Risks

Recent surveys highlight a significant increase in generative AI adoption in public and private sectors, driven by its potential for innovation and productivity. However, concerns over governance, risk management, and economic inequality emphasize the need for responsible and ethical use.

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy
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Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement.

Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension
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Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension

Huobi Global, a prominent cryptocurrency exchange, is encountering significant challenges on multiple fronts, encompassing a trademark dispute, allegations of fraud against a key person, and an order to halt its operations in Malaysia.

Seychelles Crypto Exchange OKX to Expand Services to Australia
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Seychelles Crypto Exchange OKX to Expand Services to Australia

OKX, the Seychelles-based crypto exchange, plans to expand its services to Australia due to the country's strong uptake of cryptocurrency. The exchange sees Australia as an essential part of its growth strategy and intends to build a strong local office.

Trust Wallet Discloses Security Flaw Resulting in $170k Loss
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Trust Wallet Discloses Security Flaw Resulting in $170k Loss

Crypto wallet Trust Wallet has reported a security vulnerability, resulting in almost $170k in losses for some users. The vulnerability has been fixed after Trust Wallet found out about it through its bug bounty program.

Fidelity to Offer Crypto Trading to Retail Customers
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Fidelity to Offer Crypto Trading to Retail Customers

The potential launch would come after Fidelity enabled its corporate clients in April to add the world's largest cryptocurrency to their managed 401(k) retirement plans.

Ripple Expands Digital Asset Custody with Acquisition of Standard Custody & Trust Company
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Ripple Expands Digital Asset Custody with Acquisition of Standard Custody & Trust Company

Ripple acquires Standard Custody & Trust Company, strengthening its position in institutional digital asset custody market, enhancing regulatory portfolio and service offerings.

Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network
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Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network

Unchained and Bakkt have partnered to enhance their Collaborative Custody Network, enhancing their capacity to secure over $3 billion in bitcoin assets.

HSBC to Initiate Institutional Digital Assets Custody Service in 2024
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HSBC to Initiate Institutional Digital Assets Custody Service in 2024

HSBC plans to launch a digital assets custody service for institutional clients in 2024, partnering with Metaco to expand its digital offerings to include tokenised securities.

BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak
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BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak

BlackRock's iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also experienced a slowdown in inflows, Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF managed to secure inflows of $5.6 million and $4.2 million respectively.

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion
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Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion

Grayscale Investments has collaborated with NYSE Arca to file Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to convert the Grayscale Ethereum Trust into a spot Ethereum ETF. This move is a significant part of Grayscale's ongoing strategy to transition its entire range of 17 crypto investment products into ETFs. The filing follows the SEC's recent approval of the first Ethereum futures ETFs.

Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape
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Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape

Qraft Technologies partners with Hex Trust, leveraging AI to enhance digital asset investments. The alliance aims to bridge traditional and digital asset management, optimizing cryptocurrency portfolios.

Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services
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Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services

Mitsubishi UFJ Trust Bank and Ginco are partnering to provide Japan's first-ever trust services for crypto assets, in line with Japan's Payment Services Act and tax reforms.

Binance Expects Fines in U.S. Investigations
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Binance Expects Fines in U.S. Investigations

Binance intends to pay U.S. authorities for past compliance inquiries and crimes.

TrueUSD (TUSD) Strives to Resume Minting with Prime Trust
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TrueUSD (TUSD) Strives to Resume Minting with Prime Trust

In recent updates, the TrueUSD (TUSD) team has announced that they are actively engaged in efforts to resume TUSD minting on Prime Trust. This announcement was made following an unexpected pause in TUSD minting via Prime Trust, an event that took place on June 10.

A British National Charged With Aiding North Korea in Violating US sanctions
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A British National Charged With Aiding North Korea in Violating US sanctions

Despite the DoJ's crypto financial sanctions targeting Russia, local authorities helped their American colleagues.

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain
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Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Nasdaq-listed Northern Trust has introduced a digital platform for institutional voluntary carbon credit transactions, utilizing private ledger digital blockchain technology. The platform aims to streamline and digitize the complex process between institutional buyers and project developers.

7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing
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7RCC Spearheads a Carbon-Neutral Bitcoin ETF for ESG-Focused Investing

7RCC has submitted a spot Bitcoin ETF with a composition of 80% Bitcoin and 20% carbon credit futures, providing a unique, carbon-neutral investment option in the crypto market.

BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub
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BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub

Don't worry—BlueWallet is just another step toward self-custody and lightning nodes.

Binance.US Distances Itself from Binance.com; CZ Steps Down as Chairman
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Binance.US Distances Itself from Binance.com; CZ Steps Down as Chairman

Binance.US declares operational independence from Binance.com, reassures customers, and remains compliant with U.S. regulations, following a $4.3 billion settlement. Chairman Changpeng Zhao steps down.

Huobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users
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Huobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users

Huobi HTX pledges to compensate users affected by a $30 million hack, ensuring minimal impact and enhanced security measures, as part of a series of attacks on Justin Sun's entities.

Australia's Government is Bolstering Its Market Regulator's Digital Asset
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Australia's Government is Bolstering Its Market Regulator's Digital Asset

The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.

Australias Commonwealth Bank Halts Crypto Rollout
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Australias Commonwealth Bank Halts Crypto Rollout

CBA conducted an initial pilot but paused the project with no time set when the second pilot would take place.

Ether.Fi Launches Non-Custodial Liquid Restaking Protocol on Ethereum
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Ether.Fi Launches Non-Custodial Liquid Restaking Protocol on Ethereum

Ether.Fi launches a non-custodial liquid restaking protocol on Ethereum, allowing users to maintain control of their keys while increasing staking yields through integration with Eigenlayer.

Standard Chartered Bank Partners with Enterprise Ethereum Alliance to Improve Customer Experience
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Standard Chartered Bank Partners with Enterprise Ethereum Alliance to Improve Customer Experience

Standard Chartered Bank joins the Enterprise Ethereum Alliance – an open-source blockchain community. But why?

Lightspeed Faction Unveils $285M Fund for Blockchain Innovation
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Lightspeed Faction Unveils $285M Fund for Blockchain Innovation

Lightspeed Faction has launched a $285 million venture fund, focusing on early-stage blockchain projects, highlighting the growing importance and potential of blockchain technology in various sectors.

Navigating AI in Hospitality: Insights from Bulgarian Hoteliers
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Navigating AI in Hospitality: Insights from Bulgarian Hoteliers

The paper titled "Automated decision-making: Hoteliers’ perceptions" provides an in-depth analysis of Bulgarian hoteliers' attitudes towards AI in decision-making, revealing a preference for AI in tasks not requiring emotional intelligence. It also uncovers that personal and property characteristics do not significantly influence their AI adoption preferences, indicating a widespread acceptance across the hotel industry.

Australian Bitcoin ATMs Demonstrate Lightning Network
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Australian Bitcoin ATMs Demonstrate Lightning Network

Coolangatta has its first Lightning Network-enabled Bitcoin ATM. Bitcoin Lightning ATMs operate like regular Bitcoin ATMs but faster. Crypto ATMs number 38,602, with 6,071 added in 2022.

BlackRock's iShares Bitcoin Trust Soars, CEO Fink Bullish on BTC Future
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BlackRock's iShares Bitcoin Trust Soars, CEO Fink Bullish on BTC Future

BlackRock CEO Larry Fink expresses optimism for Bitcoin as the iShares Bitcoin Trust (IBIT) records historic growth with $13.5 billion inflows in 11 weeks.

Australian crypto executives urge caution on regulation
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Australian crypto executives urge caution on regulation

Crypto CEOs warn against classifying all digital assets as financial instruments. Assistant Treasurer Stephen Jones said he was "not that enticed" to creating new rules for a financial product. According to the Sydney Morning Herald, Australian financial authorities support recognising all crypto assets as financial products (SMH). SMH editor-in-chief David Jones argues the FTX crash proves crypto regulation is needed.

Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer
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Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer

Lesley O’Neill's appointment as Binance.US Chief Compliance Officer marks a strategic response to heightened SEC scrutiny, emphasizing the crypto industry's shift towards compliance and regulatory adherence.

Thailand Waives Taxes on Investment Tokens
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Thailand Waives Taxes on Investment Tokens

Thailand's cabinet has agreed to waive corporate income tax and VAT for companies issuing investment tokens, encouraging alternative capital raising in addition to conventional methods. The government hopes to generate 128 billion Thai baht from investment token offerings over the next two years.

Justin Sun's $60 Million Crypto Exodus from Binance: Analyzing Market Implications
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Justin Sun's $60 Million Crypto Exodus from Binance: Analyzing Market Implications

Tron founder Justin Sun has withdrawn $60M in cryptocurrencies from Binance since December 2023, including major assets like Ethereum and Shiba Inu, sparking market speculation.

Australian Crypto Community Remains Enthusiastic Despite Regulatory Concerns
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Australian Crypto Community Remains Enthusiastic Despite Regulatory Concerns

Despite regulatory concerns dominating discussions at recent crypto conferences in the US and Australia, the crypto community remains enthusiastic about the potential of digital assets. Attendees are more focused on discussing intelligent questions around regulation and tax rather than the extravagances of past events. Interest in crypto remains high, and the rise in the price of Bitcoin is encouraging the crypto-curious to attend conferences and ask beginner-level questions.

Nasdaq to Launch Digital Asset Custody Services
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Nasdaq to Launch Digital Asset Custody Services

Nasdaq is preparing to launch its custody services for digital assets by the end of Q2 2022, starting with Bitcoin and Ether. The exchange has applied for a limited-purpose trust company charter from the New York Department of Financial Services to oversee the new business and aims to eventually build a broad suite of services for its digital assets division. Its entry into the crypto market could potentially boost institutional investor confidence and pave the way for more traditional financial institutions to offer similar services.

Bitfinex Tackles Phishing Incident: No Customer Funds Affected
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Bitfinex Tackles Phishing Incident: No Customer Funds Affected

Bitfinex has resolved a phishing incident causing partial customer information exposure, confirming no loss of funds or sensitive data compromise, and ensuring ongoing security measures.

Asia Crucial to Web3 Gaming Industry
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Asia Crucial to Web3 Gaming Industry

A report by DappRadar highlighted the importance of Asia in the Web3 gaming industry, due to the region's majority share of gamers and gaming revenue, as well as its high interest in blockchain technology. While China prohibits gaming companies from integrating blockchain technology, Japan and South Korea are leading the way in adopting blockchain technology in gaming.

Why Multicoin Capital Invested $5.7M in Squads Labs
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Why Multicoin Capital Invested $5.7M in Squads Labs

Multicoin Capital discloses a $5.7 million investment in Squads Labs, bolstering the multisig standard on Solana. The funding accelerates Squads' blockchain-native custody infrastructure, spotlighting major upgrades like SquadsX and Squads (v4), which are set to redefine self-custody and on-chain capital coordination.

Voyager Digital Subpoenas FTX Executives
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Voyager Digital Subpoenas FTX Executives

Kirkland & Ellis, Voyager Digital's attorneys, subpoenaed FTX co-founders Sam Bankman-Fried and Gary Wang, former Alameda Research CEO Caroline Ellis, and FTX executive Ramnik Arora for DOJ and SEC case papers.

Bakkt Joins Unchained's Network for Enhanced Crypto Custody Solutions
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Bakkt Joins Unchained's Network for Enhanced Crypto Custody Solutions

Bakkt Holdings, Inc. has joined Unchained’s collaborative custody network, offering increased security and regulated custody for bitcoin assets.

DOJ Plans to Call Former FTX Consumers, Investors, and Employees as Witnesses in Upcoming Samuel Bankman-Fried Trial
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DOJ Plans to Call Former FTX Consumers, Investors, and Employees as Witnesses in Upcoming Samuel Bankman-Fried Trial

The DOJ is set to call former customers, investors, and employees of FTX as witnesses in the upcoming trial against Samuel Bankman-Fried, with a letter motion on September 30 revealing the scope of testimonies. A witness from Ukraine presents a challenge due to travel constraints amidst local unrest, with video conferencing proposed as a solution. The trial, attracting attention due to its proximity, is poised to kick off following jury selection on October 3.

Bittrex Global to End Trading on Dec 4, 2023
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Bittrex Global to End Trading on Dec 4, 2023

Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.

Crypto.com Mistakenly Refunds $10.5M to Aussie User
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Crypto.com Mistakenly Refunds $10.5M to Aussie User

Melbourne resident Manivel Thevamanogari and her sister Gangadory Thevamanogari sought a refund of 100 Australian dollars from Crypto.com in May last year but was accidentally returned 10.5 million Australian dollars, according to Australian local media 7News.

Apex Legends AI Art Controversy in FF7 Rebirth Event Raises Industry Concerns
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Apex Legends AI Art Controversy in FF7 Rebirth Event Raises Industry Concerns

Apex Legends faces backlash for alleged use of AI-generated art in its Final Fantasy 7 Rebirth event, sparking discussions about AI's role in the gaming industry

Australian Regulator Takes Legal Action Against eToro Over High-Risk and Volatile Trading Products
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Australian Regulator Takes Legal Action Against eToro Over High-Risk and Volatile Trading Products

The Australian Securities and Investments Commission (ASIC) has filed a case in the Federal Court against the online investing platform eToro Aus Capital Limited about the suitability of eToro's target market for contract for difference (CFD) products.

US Officials Seized $460M In Robinhood Shares Related To FTX
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US Officials Seized $460M In Robinhood Shares Related To FTX

Robinhood shares tied to FTX were confiscated by the U.S. Department of Justice for over $400 million. Sam Bankman-Fried denied eight felony charges, including wire, securities, and campaign financing offenses. Since December, the former FTX CEO has been housebound at his parents' California home.

a16z Leads Blackbird's $24M Series A Funding to Elevate Dining Experiences Through Web3
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a16z Leads Blackbird's $24M Series A Funding to Elevate Dining Experiences Through Web3

a16z leads Blackbird’s $24M Series A funding round to foster a web3-enabled platform aimed at revolutionizing dining experiences and financial prospects for restaurants. Announced on October 4, 2023, this investment marks a significant stride towards intertwining blockchain technology with the gastronomic sector, heralding an enriched era of dining engagements.

Chiliz (CHZ) and K League Forge Partnership for Enhanced Fan Engagement and Global Expansion
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Chiliz (CHZ) and K League Forge Partnership for Enhanced Fan Engagement and Global Expansion

K League partners with Chiliz to enhance fan engagement and global outreach through blockchain technology, integrating 'K League Fantasy' into the Chiliz Chain.

Sam Altman Advocates for Energy Breakthroughs in AI at Davos Forum
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Sam Altman Advocates for Energy Breakthroughs in AI at Davos Forum

At the World Economic Forum in Davos, OpenAI CEO Sam Altman emphasized the need for an energy breakthrough to sustain future AI development, advocating for investment in fusion and other sustainable energy sources.

Citi Joins BondbloX Bond Exchange as First Digital Custodian
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Citi Joins BondbloX Bond Exchange as First Digital Custodian

Citi Securities Services has become the first digital custodian participant on the BondbloX Bond Exchange (BBX), the world's first fractional bond exchange. The partnership allows Citi clients to become BBX participants, facilitating the trading of both fractionalized and full-sized bonds. Citi will oversee settlement and custody services. The partnership aims to enhance digital financial market infrastructure, provide transparency, electronic operations, and universal accessibility in the bond market.

Helio Lending Faced with Non-Conviction Bond Over False Australian Credit Licence Claims
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Helio Lending Faced with Non-Conviction Bond Over False Australian Credit Licence Claims

Helio Lending faced a non-conviction bond for falsely claiming an Australian credit licence, as revealed by ASIC. The Melbourne-based crypto lender's misleading act underscores the need for transparency in the growing crypto sector.

Eddy Alexandre Pleads Guilty to Commodities Fraud
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Eddy Alexandre Pleads Guilty to Commodities Fraud

After pleading guilty to stealing $248 million from investors, EminiFX CEO Eddy Alexandre might serve 10 years in jail.

Media Outlets Object to Withholding Identities in FTX Bankruptcy Proceedings
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Media Outlets Object to Withholding Identities in FTX Bankruptcy Proceedings

Major media outlets have objected to the withholding of non-US customer identities during FTX's bankruptcy proceedings, citing the public's right to access bankruptcy filings. FTX and its customers have failed to justify the need for such secrecy, according to the media outlets.

Congressional Memo Challenges SEC's SAB 121
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Congressional Memo Challenges SEC's SAB 121

Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.

Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital
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Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital

Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.

TRON Toasts Tether Takeover in Bumper Year for Blockchain Network
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TRON Toasts Tether Takeover in Bumper Year for Blockchain Network

2020 will go down as a good year for crypto and a very good year for TRON. While the entire industry came on in leaps and bounds, the progress made within the ever-expanding TRON ecosystem was particularly impressive, giving even its skeptics pause for thought.

FTX Exchange Announces Customer Claims Portal and Deadline for Filing Claims
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FTX Exchange Announces Customer Claims Portal and Deadline for Filing Claims

FTX Exchange has launched a Customer Claims Portal for filing proof of claims. The deadline for submission is September 29, 2023, at 4 pm ET.

Prime Core Faces $8M Loss Amid TerraUSD's Collapse
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Prime Core Faces $8M Loss Amid TerraUSD's Collapse

Prime Core Technologies, parent of Prime Trust, experienced an $8 million financial setback due to investments in TerraUSD, a stablecoin, leading to bankruptcy proceedings in August 2023, highlighting the cryptocurrency market's volatility.

Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders
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Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders

The filing from Celsius comes a few days after a group of customers claiming about $25 million in custody holdings petitioned the court for payback of their funds.

Crypto Hacks in Q1 2023
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Crypto Hacks in Q1 2023

In Q1 2023, hackers accessed over $320 million through 139 incidents on BNB Chain and losses of $221 million on Ethereum. While significantly lower than Q1 and Q4 2022, the quarter saw hundreds of millions lost, with 60% due to the Euler Finance hack. However, funds were recovered through negotiations with hackers, a trend increasingly common in the industry.

Standard Custody and GSR Form Alliance for Secure Digital Asset Settlement
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Standard Custody and GSR Form Alliance for Secure Digital Asset Settlement

Standard Custody & Trust Company and GSR Markets Limited have partnered to enhance digital asset transactions security and efficiency through an innovative escrow solution.

Australia Opens Public Consultation on National Taxonomy of Crypto Assets
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Australia Opens Public Consultation on National Taxonomy of Crypto Assets

A crypto licence and custody document will be released in mid-2023.

US Media Giants Block AI Crawlers to Protect Copyrights
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US Media Giants Block AI Crawlers to Protect Copyrights

A Wired report reveals that 88% of top US news outlets are blocking AI crawlers like OpenAI's GPTBot, to protect against copyright infringement and uncompensated content use.

Justin Sun Receives 3.45 Million ETHFI, Top 20 TVL Contributors Awarded 9.96 Million Tokens
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Justin Sun Receives 3.45 Million ETHFI, Top 20 TVL Contributors Awarded 9.96 Million Tokens

The anticipated ETHFI airdrop goes live, rewarding top liquidity providers with a significant token distribution, stirring the DeFi community's interest.

Standard Chartered raises $36m for crypto custody platform
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Standard Chartered raises $36m for crypto custody platform

Standard Chartered's crypto custody subsidiary, Zodia Custody, has raised $36 million in a series A funding round led by SBI Holdings. Standard Chartered remains the majority shareholder in the firm.

Binance expands with blockchain hub in Georgia
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Binance expands with blockchain hub in Georgia

Cryptocurrency exchange Binance has opened a blockchain hub in Georgia to promote crypto adoption in the country, create more jobs and attract talent to the blockchain sector.

ANZ Bank Pushes Customers Towards Digital, Faces Criticism
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ANZ Bank Pushes Customers Towards Digital, Faces Criticism

ANZ Bank is facing criticism as it discontinues withdrawals and deposits from a number of Australian branches to encourage customers to use digital transactions. Critics suggest this could impact older customers and increase vulnerability to technical issues. This decision highlights the gradual shift towards a cashless society in Australia, with cash payments falling from 59% in 2007 to 27% in 2019.

UN convenes AI High-level Advisory Body for Global Governance
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UN convenes AI High-level Advisory Body for Global Governance

The UN Secretary-General is convening a High-level Advisory Body on AI to analyze and advance recommendations for global AI governance. Comprising up to 38 international experts from government, private sector, and civil society, the body aims to harness AI for humanity while addressing its risks. The initiative, which underscores the importance of a globally inclusive approach, seeks to align AI governance with human rights and Sustainable Development Goals.

Australia Evaluates Mandatory AI Rules in High-Risk Areas
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Australia Evaluates Mandatory AI Rules in High-Risk Areas

Australia is considering mandatory regulations for AI development in high-risk areas, balancing innovation with public safety, ethical concerns, and global alignment in AI governance.

Tether Regains $1 Peg
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Tether Regains $1 Peg

Tether (USDT) has regained its 1-to-1 peg with the dollar after briefly dropping to 94.55 cents, its lowest since December 2020.

Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust
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Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust

According to the U.S. Securities and Exchange Commission's document, the US leading investment bank Morgan Stanley is buying 28,289 shares of Grayscale Bitcoin Trust through its European Opportunity Fund.

Houston Texans Partnered with BitWallet, Becoming First NFL Team to Sell Game Suite with Crypto
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Houston Texans Partnered with BitWallet, Becoming First NFL Team to Sell Game Suite with Crypto

Houston Texans of the National Football League (NFL) have selected cryptocurrency platform bitWallet as their exclusive official crypto wallet provider and said the partnership will go into effect.

South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
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South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash

To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.

1inch Network Launches Hardware Wallet Amid Rise of Self-Cust
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1inch Network Launches Hardware Wallet Amid Rise of Self-Cust

1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.

TrueUSD's TUSD Circulating Supply Surpasses $3 Billion Despite Prime Trust's Challenges
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TrueUSD's TUSD Circulating Supply Surpasses $3 Billion Despite Prime Trust's Challenges

In June 2023, TrueUSD (TUSD) experienced significant growth and adoption across multiple blockchain ecosystems. With the circulating supply reaching 3,059,838,623 TUSD, backed by dollar reserves of over $3 billion, the stablecoin is gaining more recognition in the crypto markets.

Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
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Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun

Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.

Coinbase Legal Chief Requests Revisions to SEC Rulemaking
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Coinbase Legal Chief Requests Revisions to SEC Rulemaking

Coinbase's legal chief has urged the U.S. Securities and Exchange Commission (SEC) to revise its proposed rulemaking on registered investment advisers' responsibilities to store client assets with qualified custodians. Coinbase has criticized the SEC's proposed custody rule, claiming that it unfairly targets crypto assets and fails to safeguard them properly.

Fidelity Launches Cryptocurrency Custody Business
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Fidelity Launches Cryptocurrency Custody Business

In a rare interview with Fidelity Investments CEO Abigaile Johnson, the Financial Times revealed that the Boston-based asset management giant is “now engaged in a full rollout” of its cryptocurrency custody and trading service.

Non-US FTX Customers Want Bankruptcy Files Suppressed
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Non-US FTX Customers Want Bankruptcy Files Suppressed

A group of non-U.S. FTX customers wants court records to redact their identities and sensitive information. FTX.com's $1.9 billion frozen assets are represented by the Ad Hoc Committee. On December 12, the U.S. Trustee objected to the initial motion.

Scammers Target Australians in Cryptocurrency Call Center Scheme
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Scammers Target Australians in Cryptocurrency Call Center Scheme

An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.

OpenAI in Advanced Funding Discussions Targeting Over $100 Billion Valuation
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OpenAI in Advanced Funding Discussions Targeting Over $100 Billion Valuation

OpenAI is in talks to raise over $100 billion in funding, potentially making it the second most valuable U.S. startup, with discussions also involving a chip venture with G42.

Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook
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Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook

There's a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively.

Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet
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Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet

In our exclusive interview with Hedera’s Chief Scientist and Co-Founder Dr. Leemon Baird, Blockchain.News gets the details on how Hedera Hashgraph achieves Asynchronous Byzantine Fault Tolerance, the growing Hedera Governing Council and the use of the Hedera Hashgraph DLT to prevent coupon fraud.

MintDice—Rolling the Dice on Trust
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MintDice—Rolling the Dice on Trust

MintDice is an online cryptocurrency casino that leverages the immutable trust-machine Blockchain. No, blockchain does not magically turn losers into winners or improve their odds, but players on the site will be able to know for certain that the odds didn’t change mid-spin, the game was played properly, and the stakes were real on both ends.

Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?
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Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?

While wall street giant Fidelity tapped into the crypto custodian space, can Onchain Custodian survive under the fierce competition? Alexandre Kech, CEO of Onchain Custodian believes that they can fill Fidelity's gap in the crypto custodial market. He also explains how the surging demand in BTC futures and crypto collateral can present huge business opportunities for crypto custodians.

Exclusive: Why are Independent Third Party Crypto Custodians so Important?
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Exclusive: Why are Independent Third Party Crypto Custodians so Important?

Alexandre Kech, CEO of Onchain Custodian shares with us the importance of independent third party custodian solutions. He identified three grey areas for assets under custody by the exchange and how Onchain Custodian identifies the custodial needs for crypto players and traditional financial giants!

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
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Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance

Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.

IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain
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IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain

IBM Food Trust was first launched in August 2017, with 10 Foundation members aiming to use blockchain in food traceability to solve issues in the food supply chain. Prior to the launch, IBM, Walmart and Tsinghua University announced a collaboration to improve the way food is tracked, transported and sold to customers in China. Juniper Research recently announced that IBM Food Trust is one of the leading blockchain players in the food provenance space.

IBM Blockchain in Action: What are the Benefits?
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IBM Blockchain in Action: What are the Benefits?

In first and second parts of our interview with Alan Lim, the Program Director of IBM Blockchain Lab in the Asia Pacific, we explored the idea of data standards to improve the supply chain industry, as well as the IBM Food Trust, a food provenance network that allows food products to be traced and tracked. Digging deeper into IBM Blockchain, what else has the company been working on?

Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody
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Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

Alessio Quaglini, the Managing Partner of a custody solution blockchain start-up HEX, see the growing importance and emerging trends for custody in the age of digital assets. “We strongly believe that blockchain technologies will be the underlying infrastructure for future financial instruments, assets, contracts and currencies.” Say Alessio. He believe that his firm can offer the value of flexibility, accessibility, and security through partner up with traditional financial institution with their unique ZeroKey technology solution.

Paxos—How the Global Financial Crisis Inspired the Creation of the NYDFS-Regulated Stablecoin
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Paxos—How the Global Financial Crisis Inspired the Creation of the NYDFS-Regulated Stablecoin

Charles Cascarilla is the CEO and co-founder of Paxos, a financial technology company working to modernize the financial system by digitizing and mobilizing assets. A traditional hedge fund manager and equity investor, Cascarilla was able to recognize the power of blockchain and the function it could have in revolutionizing the way trade is conducted and settled.

Frankfurt Main Finance: Establishing Trust Between Continental Networks
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Frankfurt Main Finance: Establishing Trust Between Continental Networks

Frankfurt Main Finance is one of the founding members of the World Alliance of International Financial Centres (WAIFC). The mission of the Alliance is to establish transparent networks that facilitate cooperation and sharing of best practices for financial centres globally in the face of breakthrough technologies and rapid social change.

Australian Farmer Teams Up with FreshChain for Watermelon Traceability via Blockchain
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Australian Farmer Teams Up with FreshChain for Watermelon Traceability via Blockchain

Andrew Martens, an Australian owning Marto Farms, has joined hands with Fresh Chain Systems, a local tech firm, in deploying blockchain technology on his watermelon labels to propel traceability. Buyers across Australia will, therefore, be able to trace the originality of the fruit.

TRON Welcomes NFT Collectors into the MegaCryptoPolis Metaverse
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TRON Welcomes NFT Collectors into the MegaCryptoPolis Metaverse

It’s no secret that TRON has been eyeing a foray into NFTs and digital collectibles for some time; only last week, Justin Sun was pipped to the punch to purchase Beeple’s NFT art collection at Christie’s. The TRON founder placed a last-minute bid that fell just short of the $69 million the work eventually went for.

Decentralized Hackers 'Anonymous' Promise Retribution for George Floyd, Will Expose Minneapolis Police Record of Systemic Racism
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Decentralized Hackers 'Anonymous' Promise Retribution for George Floyd, Will Expose Minneapolis Police Record of Systemic Racism

Hacktivist group ‘Anonymous’ has promised retribution against the Minneapolis Police Department (MPD) for the death of George Floyd last week.

IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research
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IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research

The IOTA Foundation is joining the new research laboratory for blockchain technologies for the Internet of Things (IoT) as an industrial partner.

How to Build Sustainable Mobility With Blockchain?
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How to Build Sustainable Mobility With Blockchain?

Sustainable mobility is the need of the hour. Mobility service providers have to make public transit attractive to people while adding sustainable and green transport. How can technologies such as Blockchain empower these Mobility Operators in their move towards a greener future?

Microsoft’s Bill Gates on Big Tech Antitrust Hearing – Government Scrunity Inevitable with Tech Success
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Microsoft’s Bill Gates on Big Tech Antitrust Hearing – Government Scrunity Inevitable with Tech Success

Bill Gates discussed the antitrust hearing opposing US congress and Big Tech - Amazon, Apple, Facebook, and Google (Alphabet) - and gave his input.

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing
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CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

CIMB Bank Singapore and iTrust have collaborated in the first-ever successful blockchain trade financing transaction.

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure
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RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.

Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls
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Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls

Square has announced that it has successfully launched COPA to empower blockchain and crypto companies and to protect them from patent hoarding trolls.

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy
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WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy

Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).

Tron Foundation Launches its "Just NFT Fund"
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Tron Foundation Launches its "Just NFT Fund"

The Tron Foundation has launched its" Just NFT Fund" to help bridge the gap between artists and the NFT metaverse.

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy
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WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy

World Economic Forum Views Blockchain as the Vaccine for Future Interferences in the Seafood Sector
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World Economic Forum Views Blockchain as the Vaccine for Future Interferences in the Seafood Sector

The World Economic Forum (WEF) touts blockchain technology as the vaccine and game-changer needed to ensure things run smoothly in the global seafood supply chain irrespective of future disruptions. This is based on the fact that the coronavirus (COVID-19) pandemic has laid the bare knuckles of the inefficiencies and challenges faced by the seafood industry.

Australia and Singapore Authorities Completes Trial for Blockchain-based Cross-Border Document Verification
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Australia and Singapore Authorities Completes Trial for Blockchain-based Cross-Border Document Verification

Australian and Singaporean authorities have conducted a blockchain trial for cross-border digital trade document verification.

Five Things Everyone Should Know About Blockchain Benefits in Aviation Security
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Five Things Everyone Should Know About Blockchain Benefits in Aviation Security

Recent news has brought blockchain’s role on spotlight in aviation security. Of course, blockchain provides bold promises, highly useful in aviation security, and therefore are worth to be investigated.

Blockchain-Based Tenancy Platform via REIQ-Igloo Collaboration in Australia
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Blockchain-Based Tenancy Platform via REIQ-Igloo Collaboration in Australia

Real Estate Institute of Queensland (REIQ) has partnered with an Australian technology firm, Igloo in setting up a blockchain-based tenancy platform that will propel productivity and efficiency in Queensland's real estate sector.

Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia
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Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia

Powerledger enters into a partnership with Powerclub, an Australian electricity wholesaler for better energy usage, allowing the integration of power club's blockchain ledger application.

Gamifying the Online Casino Experience with NFTs
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Gamifying the Online Casino Experience with NFTs

Australian online gambling operators are utilizing gamification strategies to enhance player experience, incorporating features like progress bars, NFTs, VIP programs, and PvP tournaments, despite concerns about addiction and legality.

OKX to Open Office in Australia
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OKX to Open Office in Australia

Brand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand Prix

Trustlessly purchasing an NFT on Flare using the token of a different blockchain.
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Trustlessly purchasing an NFT on Flare using the token of a different blockchain.

The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens.

Hex Trust Partners with Chainalysis to Provide a Compliance-focused Custody Solution for Financial Institutions
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Hex Trust Partners with Chainalysis to Provide a Compliance-focused Custody Solution for Financial Institutions

Hex Trust, the leading digital asset custodian for the banking sector, today announced its partnership with Chainalysis, the blockchain analysis company

Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining
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Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining

The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.

New Wave of Green Energy Programs Influence Crypto Mining Sector
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New Wave of Green Energy Programs Influence Crypto Mining Sector

The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.

European Crypto Miners Share Insights About Their Local Mining Industry
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European Crypto Miners Share Insights About Their Local Mining Industry

dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.

Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
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Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud

Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.

Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests
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Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests

A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms.

Global Blockchain Technology Market Expected to Hit $19.9 Billion
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Global Blockchain Technology Market Expected to Hit $19.9 Billion

The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.

1 Million Aussies to Enter Crypto Over the Next 12 Months, Says Swyftx Survey
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1 Million Aussies to Enter Crypto Over the Next 12 Months, Says Swyftx Survey

A study suggests that Australians are looking for alternative investment opportunities during a time of rising turbulence in international markets.

Crypto Remain the Most Popular Investment Assets Compared to Gold in Australia: Survey
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Crypto Remain the Most Popular Investment Assets Compared to Gold in Australia: Survey

A recent survey from BTC Markets exchange has revealed that the embrace of crypto like Bitcoin is largely more popular than precious metals such as Gold.

PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months
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PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months

PayPal has revealed a brief timeline, indicating the expansion of its crypto business to the UK market in a few months’ time.

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody
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Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with crypto trading firm Cumberland Korea and blockchain venture fund Hashed.

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares
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Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares

Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
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HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital.

Wealthfront To Enable Cryptocurrency Investments for its Clients
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Wealthfront To Enable Cryptocurrency Investments for its Clients

Wealthfront is the latest mainstream firm that plans to offer cryptocurrencies to its clients.

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
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G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.

HK-Based Hex Trust Raises $88m in Funds, Valuation Touches $300m
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HK-Based Hex Trust Raises $88m in Funds, Valuation Touches $300m

Hong Kong-based Hex Trust raised $88 million in Series B funding led by Animoca Brands and Liberty City Ventures, following which, it saw its valuation rise to $300 million.

BNY Mellon Bank Tapped to Provide Grayscales with Bitcoin ETF Services
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BNY Mellon Bank Tapped to Provide Grayscales with Bitcoin ETF Services

Grayscale Investments has selected BNY Mellon bank as an asset servicing provider for its Grayscale Bitcoin Trust(GBTC) , handling accounting and administrative services, effective October 1.

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin
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Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin

Grayscale Investments has expanded its product line by launching new investment trusts including Chainlink, Filecoin, and Basic Attention Token.

Valkyrie's Two Crypto-focused Trusts Raise $73.6m
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Valkyrie's Two Crypto-focused Trusts Raise $73.6m

Two crypto-focused trusts owned by digital asset manager Valkyrie have raised $73.6 million.

Prime Trust Pulls $100m in Series B to Float New Products
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Prime Trust Pulls $100m in Series B to Float New Products

Cryptocurrency infrastructure service provider, Prime Trust LLC, has raised $107 million in Series B funding as it seeks to deepen ties with its clients with its proposed new products.

Reserve Bank of Australia May Still Have Its Eye on CBDC After All
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Reserve Bank of Australia May Still Have Its Eye on CBDC After All

Reserve Bank of Australia's Tony Richards has said that the RBA will continue to consider the potentials of issuing a CBDC.

Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
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Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC

The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).

Australian CBDC Pilot Test to Commence Next Year - RBA
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Australian CBDC Pilot Test to Commence Next Year - RBA

The Reserve Bank of Australia (RBA) has published a Whitepaper to give additional insights into its proposed Central Bank Digital Currency, dubbed the eAUD.

The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon
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The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon

The Reserve Bank of Australia (RBA) has refused to join the bandwagon with respect to the development and issuance of a Central Bank Digital Currency (CBDC).

Reserve Bank of Australia Rolls Out CBDC Pilot Project
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Reserve Bank of Australia Rolls Out CBDC Pilot Project

The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.

Four Countries to Conduct Cross Border CBDC Payment Trials
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Four Countries to Conduct Cross Border CBDC Payment Trials

The Bank for International Settlements (BIS) has joined forces with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar aimed at testing the use CBDCs in cross border payments.

Reserve Bank of Australia Meeting Finds No Strong Case for CBDC or e-AUD
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Reserve Bank of Australia Meeting Finds No Strong Case for CBDC or e-AUD

The Reserve Bank of Australia has found no strong public policy-case to issue a retail central bank digital currency (CBDC).

Why the World Needs a Blockchain Consensus Operating System
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Why the World Needs a Blockchain Consensus Operating System

The true potential of blockchain to transform the lives of people around the world has clearly not been realised.

Racing to Save the Planet: The Role of Blockchain in Sustainability
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Racing to Save the Planet: The Role of Blockchain in Sustainability

The world is in decay. A long list of environmental disasters and the relentless requirement for fossil fuels are pushing Earth's capabilities to heal itself to a dangerous tipping point. Blockchain might very well be mankind's last hope to avoid the fall.

Hong Kong Blockchain Ecosystem Feb 2020 - New Members
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Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Union Bank of Philippines Cooperates with Hex Trust for Promoting Pilot Digital Assets Custody Service
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Union Bank of Philippines Cooperates with Hex Trust for Promoting Pilot Digital Assets Custody Service

Union Bank of Philippines (UnionBank) announced the bank has paired with Hong Kong-based Hex Trust to pilot digital assets custody service.

What is Trust?
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What is Trust?

Trust and trusted third parties are key concepts in bitcoin. The key role of bitcoin is to reduce trust and trusted third parties.

Satoshi Nakamoto's Quotes on Trust - Trusted Third Parties
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Satoshi Nakamoto's Quotes on Trust - Trusted Third Parties

Satoshi Nakamoto's Quotes on Trust - Trusted Third Parties

Satoshi Nakamoto's Quotes on Trust: A Complete List
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Satoshi Nakamoto's Quotes on Trust: A Complete List

Satoshi nakamoto’ s quotes on Trust

BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year
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BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year

Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets over the last year based on the Sharpe Ratio.

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
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Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight.

KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report
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KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report

The PlusToken Ponzi scheme operators are using regulated KYC compliant exchanges to dump their cryptocurrency according to an updated report by investigative firm OXT Research.

Can Blockchain Strengthen the Internet of Things (IoT)?
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Can Blockchain Strengthen the Internet of Things (IoT)?

IoT and Blockchain are two disruptive technologies leveraged for numerous technological innovations across multiple industries, but how do they complement each other?

Bitcoin-like Wisdom: Edward Snowden's Call for Algorithms to Replace Institutions
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Bitcoin-like Wisdom: Edward Snowden's Call for Algorithms to Replace Institutions

Edward Snowden's vision of AI and Bitcoin's financial revolution share a common theme of decentralization and replacing traditional institutions, highlighting concerns about surveillance and public trust.

Justin Sun Tweets Tron just Issued $1.3 Billion in Tether, Here's What it Means for Crypto
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Justin Sun Tweets Tron just Issued $1.3 Billion in Tether, Here's What it Means for Crypto

While the broader cryptocurrency market is still reeling from a multi-year bear market since 2017, stablecoins like Tether are seeing action. Billions of dollars in USDT have been issued since its launch and the addition of Tron-backed stablecoin issuance, coupled with the now-concluded Bitcoin halving, signals a volatile period ahead for crypto traders and investors.

"The Wars to Come," Blockchain - A Game Changer for Auditors
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"The Wars to Come," Blockchain - A Game Changer for Auditors

Blockchain technology has the potential to upend Audit, Assurance and Control functions —Auditors need to stay attuned to emerging use cases. As Role and skillsets of Auditors will change as new Blockchain-based techniques and procedures emerge.

AI Transforming Cybersecurity Landscape: Key Challenges and Solutions
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AI Transforming Cybersecurity Landscape: Key Challenges and Solutions

AI is transforming the cybersecurity landscape in 2024 with advanced threat detection, zero-trust architecture, and generative AI, while facing challenges like adversarial AI and regulatory complexities.

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry
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China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

Gambling businesses in Macau fear that the launch of digital yuan would render them obsolete.

Goldman Sachs Says Customer Demands for Bitcoin Are Increasing
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Goldman Sachs Says Customer Demands for Bitcoin Are Increasing

Goldman Sachs President and COO John Waldron has revealed that the bank is experiencing a rising demand for Bitcoin from its customers.

Coca-Cola Vendors Accept Bitcoin in Australia and New Zealand
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Coca-Cola Vendors Accept Bitcoin in Australia and New Zealand

Amatil, the Coca-Cola company's biggest distributor in Australia and New Zealand has partnered with Centrapay, a payment startup to enable customers to pay with Bitcoin and other digital currencies.

Justin Sun: Tron Network is Holding 3000 Bitcoin
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Justin Sun: Tron Network is Holding 3000 Bitcoin

Tron network, a blockchain-based decentralized operating system, is hosting 3,000 Bitcoin (BTC) configured as BTCTRON, according to its CEO and founder Justin Sun.

Winklevoss Sees US Stimulus Negotiation Fail as a “Wakeup Call And an Endorsement of Bitcoin”
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Winklevoss Sees US Stimulus Negotiation Fail as a “Wakeup Call And an Endorsement of Bitcoin”

Bitcoin billionaire Cameron Winklevoss thinks that this is the perfect opportunity to invest in Bitcoin, as the dollar keep depreciating and US politicians are unable to reach a consensus on a stimulus package budget.

Bitcoin Most Popular Crypto in North America, Market Experts Report
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Bitcoin Most Popular Crypto in North America, Market Experts Report

Bitcoin has always been the most popular cryptocurrency on the global market, but the region that is most invested in BTC assets appears to be North America.

Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable
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Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable

Many industry experts have addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency.

Miller Opportunity Trust Says It Could Invest Up To $300 Million In Grayscale’s Bitcoin Trust
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Miller Opportunity Trust Says It Could Invest Up To $300 Million In Grayscale’s Bitcoin Trust

Miller Opportunity Trust plans to invest up to $300 million, or 15% of its net assets, into the Grayscale Bitcoin Trust.

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”
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Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”

Grayscale Bitcoin Trust is offering mainstream investors access to the newly proclaimed era of digital gold as Bitcoin evolves into a dominant store of wealth.

Tron's Justin Sun Acquires 4145 BTC for $152.8M
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Tron's Justin Sun Acquires 4145 BTC for $152.8M

Justin Sun has acquired 4145 Bitcoin with $152,818,183 at an average price of $36,868.

Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
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Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over

Bitcoin nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone.

Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism
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Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism

New data indicates that institutional clients are increasingly buying Bitcoin via Grayscale Bitcoin Trust despite warning from Goldman Sachs.

TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers
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TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers

As distressed Twitter users scrambled to get a sense of the recent Bitcoin attack that happened earlier this week, TRON founder Justin Sun spoke up and offered a $1 million bounty reward for whoever was able to uncover the identities of those behind the Twitter mass hack.

Ethereum Uncovers Blockchain Bugs to Stabilize Medalla Testnet
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Ethereum Uncovers Blockchain Bugs to Stabilize Medalla Testnet

Ethereum developers discussed the technical issues that went wrong during the launch of Medalla testnet and that could have been improved to make the release smoother.

10,000 New Blockchain Companies Founded in China Despite COVID-19
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10,000 New Blockchain Companies Founded in China Despite COVID-19

COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed.

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department
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Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

The police department of the Haizhou district in Lianyungang, a coastal city in China published a notice on " information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme.

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers
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Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May.

Crypto Assets Custodian Hex Trust Acquires Key License from MAS
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Crypto Assets Custodian Hex Trust Acquires Key License from MAS

Crypto asset custodian Hex trust announced Tuesday has obtained a CMS license from the Singapore regulator- the Monetary Authority of Singapore (MAS), according to a Bloomberg report.

Hong Kong Fintechs Embrace Blockchain and DLT
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Hong Kong Fintechs Embrace Blockchain and DLT

Blockchain firms make up nearly 40% of all new Hong Kong FinTech companies launched in 2019.

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance
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China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs.

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services
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Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.

Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple
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Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple

Ripple claims that its cryptocurrency, XRP, is 57,000 times more environmentally friendly than the largest cryptocurrency, Bitcoin. According to Ripple’s blog post, the firm criticizes Bitcoin’s consensus mechanism, proof-of-work (PoW), as a major issue contributing to the vast amounts of energy consumed for validating and processing transactions on the network.

Luna Foundation Guard Details About Depleted Reserve
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Luna Foundation Guard Details About Depleted Reserve

The Terra blockchain as we know it has come to its end and post mortem analysis from the Luna Foundation Guard (LFG) shows the not-for-profit organization has almost used up its reserve as confirmed in a tweet shared early on Monday

Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
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Do Kwon Suggests Terra Hard Fork to Revive Troubled Network

Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.

Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation
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Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation

The Avalanche indicates that Luna Foundation Guard (LFG) has no plans to sell the AVAX tokens in its treasury.

Terra Erases 12 Months Bullish Gains with 94% Drop in Value
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Terra Erases 12 Months Bullish Gains with 94% Drop in Value

The Terra community is almost in disarray as the ecosystem’s two flagship tokens including LUNA and UST are on a freefall amid the most bearish sentiment the blockchain protocol has ever seen.

Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%
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Band Protocol (BAND) and Chainlink (LINK) DeFi Tokens Outperform Bitcoin by Gaining 100%

With the recent boom of the decentralized finance (DeFi) industry, DeFi tokens have undergone more than a 100% gain on the crypto market over the past few weeks, outperforming Bitcoin.

LUNA Charts a Bullish Course as Crypto Markets Opens Monday With Gains
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LUNA Charts a Bullish Course as Crypto Markets Opens Monday With Gains

Amidst this re-awakening, here is an insight into what the coming week may hold for LUNA ahead of the likely protocol forking.

Terra Resumes after Halting Blockchain Production to Prevent Governance Attacks
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Terra Resumes after Halting Blockchain Production to Prevent Governance Attacks

Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting later.

Bitcoin SV Moons As Craig Wright Tells Court That he Has Access to Tulip Trust
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Bitcoin SV Moons As Craig Wright Tells Court That he Has Access to Tulip Trust

Bitcoin Satoshi Version (BSV), a fork of the Bitcoin Cash, is surging in trades following Craig Wright’s compliance with a court order to open up the mysterious Tulip Trust for inspection.

Could IBM’s Blockchain Platform be the Solution to Disrupted Healthcare Supply Chains Caused by the Coronavirus Pandemic?
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Could IBM’s Blockchain Platform be the Solution to Disrupted Healthcare Supply Chains Caused by the Coronavirus Pandemic?

IBM’s Rapid Supplier Connect leverages the existing IBM’s blockchain platform, Trust Your Supplier, which is a blockchain-based trusted digital identity and supplier information that simplifies the supplier onboarding and supplier management processes while reducing risks. IBM is allowing qualifying suppliers to use Rapid Supplier Connect free of charge until August 31. New York’s largest nonprofit healthcare group, Northwell Health recently joined IBM’s Rapid Supplier Connect Network, a blockchain project that aims to tackle the disrupted healthcare supply chains caused by the coronavirus pandemic.

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers
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Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Coinbase offers three new services for Aussie clients. One of these features would allow customers to use PayID as a way to top up their accounts with Australian Dollar transfers.

Binance Australia Appoints Former DigitalX EXEC Leigh Travers as New CEO
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Binance Australia Appoints Former DigitalX EXEC Leigh Travers as New CEO

Binance exchange officially announced yesterday that hired former DigitalX CEO and director Leigh Travers as the CEO of Binance Australia.

French Giant Bank BNP Paribas to Launch Crypto Custody Business
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French Giant Bank BNP Paribas to Launch Crypto Custody Business

BNP Paribas has partnered with Metaco to enter the cryptocurrency custody business. The bank will focus on providing institutional-grade custody for digital assets.

Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout
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Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout

Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.

US Bank Debuts Crypto Custody Services for Fund Managers
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US Bank Debuts Crypto Custody Services for Fund Managers

America’s fifth-largest retail financial institution, US Bancorp, also known as US Bank, is set to provide cryptocurrency custody services.

Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund
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Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund

Osprey Funds digital assets management firm has launched the Osprey Polygon Trust to make it easier for both institutional and retail investors to invest in Polygon (MATIC) cryptocurrency.

PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv
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PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv

PayPal Inc. has officially confirmed its plans to acquire the crypto startup company Curv.

Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff
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Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, is set to onboard additional hands as it prepares for the growing demand in the digital assets ecosystem.

BNY Mellon Launches Crypto Custody Service - Report
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BNY Mellon Launches Crypto Custody Service - Report

Bank of New York (BNY) Mellon has announced that its digital assets custody service is now live as it seeks to deepen its foothold in the emerging cryptocurrency ecosystem.

Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves
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Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves

The new partnership will mutually benefit Circle and Mellon Bank.

Green Lights to Texas State Chartered Banks to Provide Virtual Currency Custody Services
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Green Lights to Texas State Chartered Banks to Provide Virtual Currency Custody Services

Texas state-chartered banks get the green light from the regulator in Texas of the United States for providing customer custody virtual currencies services.

Animoca Brands Partners with OliveX to Run Allowlist Campaign for Dustland Runner
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Animoca Brands Partners with OliveX to Run Allowlist Campaign for Dustland Runner

Hong Kong-based Animoca Brands has announced a partnership with OliveX to run an allowlist campaign for Dustland Runner - the company's move-to-earn game.

Visa Card Holders Spend Over $1B in Crypto in the First Half of 2021
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Visa Card Holders Spend Over $1B in Crypto in the First Half of 2021

More than $1 billion worth of crypto have spent in the first six months this year by consumers globally, Visa announced Wednesday. The company said the amount it spent on goods and services by using its crypto-linked cards primarily.

Woori Financial Group To Provide Cryptocurrency Custody Services
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Woori Financial Group To Provide Cryptocurrency Custody Services

South Korean Woori Financial Group has announced that it will establish a digital asset custody joint venture with Korean blockchain developing company Coinplug.

FTX Continues Global Expansion, Launches Subsidiary Division in Australia
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FTX Continues Global Expansion, Launches Subsidiary Division in Australia

FTX has continued with its lines of expansion with the latest establishment of a new office in Australia.

South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
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South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon

The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder.

Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban
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Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban

The trio of Facebook, Google and Twitter have been slammed by a $600 million class-action lawsuit by a group of companies and individuals backed by Sydney based JPB Liberty

US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
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US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto

The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.

US Justice Department Charges John McAfee with Cryptocurrency Fraud
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US Justice Department Charges John McAfee with Cryptocurrency Fraud

Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.

Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
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Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions

An American citizen is sentenced to 63 months in jail by U.S. District Judge for allegedly helping individuals in the DPRK (North Korea) to evade sanctions imposed by the U.S.

Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
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Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement

South Korean Prosecutors are investigating Do Kwon if they will file Ponzi fraud charges against him following the Terra crash.

US DOJ Launches National Crypto Enforcement Team
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US DOJ Launches National Crypto Enforcement Team

The US DOJ has unveiled establishing a National Cryptocurrency Enforcement Team (NCET), a law enforcement task force fighting crypto crime.

Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox
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Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox

According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.

FCA Warns Companies on Crypto Mergers
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FCA Warns Companies on Crypto Mergers

The crypto market in the UK received a warning from the financial watchdog following an acquisition announcement by Bitpanda.

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme
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US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance
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Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance

The New York-based investment company, Wilshire Phoenix has filed the s-1 registration statement with the SEC for a publicly-traded Bitcoin fund in accordance with regulatory requirements.

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application
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Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application

Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.

Kraken Under Probe for Allegedly Violating US Sanctions on Iran
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Kraken Under Probe for Allegedly Violating US Sanctions on Iran

The US Treasury Department is investigating Kraken on suspicion that the crypto exchange allowed Iranian users to use its trading platform despite federal sanctions on the middle eastern country.

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads
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Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian entrepreneur Dick Smith is threatening The Guardian with legal action after it hosted ads linked to fake news of Smith supporting a Bitcoin and crypto scam.

Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
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Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges

Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.

ACC Sues Meta Alleging Scam Crypto Ads
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ACC Sues Meta Alleging Scam Crypto Ads

Australia’s competition watchdog sued Meta Friday, alleging scam advertisement of cryptocurrency investments by asking local celebrities to promote them on its social media platform.

Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
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Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement

Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.

United States DoJ Files to Freeze Assets of OneCoin Money Launderer and Recoup $400 Million
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United States DoJ Files to Freeze Assets of OneCoin Money Launderer and Recoup $400 Million

The United States Department of Justice has filed to freeze the assets of OneCoin Money Launderer Mark Scott, and Recoup $400 Million.

Singapore police allegedly investigate Hodlnaut
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Singapore police allegedly investigate Hodlnaut

Singaporean crypto lender Hodlnaut is reportedly under investigation for cheating and fraud. Multiple complaints against the platform between August and November 2022 prompted the police to investigate the exchange's founders. Singapore police say most complaints involve misrepresentations.

IRA Financial Trust Files Lawsuit against Gemini for $36m Crypto Hack
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IRA Financial Trust Files Lawsuit against Gemini for $36m Crypto Hack

IRA Financial Trust said it has filed a lawsuit against Gemini crypto exchange for its alleged role in breaching customers’ retirement accounts.

Binance.US Sued for Selling Unregistered LUNA Securities
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Binance.US Sued for Selling Unregistered LUNA Securities

Binance.US has been sued in a class-action lawsuit for the sale of unregistered security tokens from the Terra blockchain protocol.

Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
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Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
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Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.

Australia Uses Blockchain to Enhance Cross Border Trade With Singapore
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Australia Uses Blockchain to Enhance Cross Border Trade With Singapore

The Australian Border Force (ABF) is launching a blockchain trial that is targeted at enhancing cross border trades with Singapore

IBM and KAYA&KATO Leverage Blockchain to Trace Fabric Origins
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IBM and KAYA&KATO Leverage Blockchain to Trace Fabric Origins

Tech giant IBM has teamed up with KAYA&KATO, a textile manufacturer of workwear and uniforms, in developing a blockchain network aimed at revamping the fashion industry.

DBS Provides Crypto for Trust Offerings
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DBS Provides Crypto for Trust Offerings

DBS Group launches an offering trust service for cryptocurrencies, allowing their premium clients, include the emerging asset class in their succession plans.

Kraken Is the First Cryptocurrency Exchange to Become a US Bank
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Kraken Is the First Cryptocurrency Exchange to Become a US Bank

Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.

Holon Partners with Gemini, Launches Australia’s Lowest Fee Crypto ETFs
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Holon Partners with Gemini, Launches Australia’s Lowest Fee Crypto ETFs

Holon has launched Australia’s first unlisted retail Bitcoin, Ethereum and Filecoin funds. The crypto funds provide investors with low fees and regulated access to the burgeoning blockchain and crypto worlds.

Aussie Trading Platform Collapses after User's Damning Complaints
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Aussie Trading Platform Collapses after User's Damning Complaints

MyCryptoWallet, a platform that operates as a trading platform in Australia went bankrupt. A situation that was inevitable as many of the platform’s users started complaining that they were unable to access their funds on the exchange.

Australian Crypto Exchange BTC Markets Accidentally Exposes 270,000 Customer Names and Emails
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Australian Crypto Exchange BTC Markets Accidentally Exposes 270,000 Customer Names and Emails

BTC Markets, the largest cryptocurrency exchange in Australia, has accidentally exposed customers’ data, an incident that has put users at risk of phishing attacks.

Market Downturn Triggers Delisting of Crypto ETFs in Australia
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Market Downturn Triggers Delisting of Crypto ETFs in Australia

Crypto winter is considered to have caused low demand for such ETFs in Australia. Cosmos Asset Management said it plans to delist three of its cryptocurrency ETFs on the Cboe stock exchange.

Nairobi-based FinTech Mara Launches African Crypto Wallet Service
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Nairobi-based FinTech Mara Launches African Crypto Wallet Service

A new crypto project called Mara has now been introduced to the African crypto ecosystem. This project is backed by Coinbase Ventures, FTX-affiliated Alameda Research, Huobi Ventures, and other prominent venture capital firms and angel investors in the industry.

Mastercard Enhances Crypto Wallet and Exchange Business
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Mastercard Enhances Crypto Wallet and Exchange Business

Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.

Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims
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Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims

Ernst & Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.

Australia's First Bitcoin ETF to Launch on Apr 27
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Australia's First Bitcoin ETF to Launch on Apr 27

Australia’s first bitcoin ETF will be listed on the Cboe stock exchange next week, The Australian Financial Review reported on Tuesday.

Nasdaq to Offer Institutional Crypto Custody Services
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Nasdaq to Offer Institutional Crypto Custody Services

Nasdaq Global Select Market is reportedly on track to dive deeper into the digital currency ecosystem, with preliminary plans to offer custody services of Bitcoin and Ethereum for institutional clients.

Huobi is Looking to Move HQ from Seychelles to the Caribbean
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Huobi is Looking to Move HQ from Seychelles to the Caribbean

Huobi Exchange may be joining other platforms that have relocated their headquarters to the Caribbean Islands

Australian Online Broker SelfWealth Becomes the First Platform to Add Crypto for Trading
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Australian Online Broker SelfWealth Becomes the First Platform to Add Crypto for Trading

Australian online broker SelfWealth plans to list 10 cryptocurrencies, including Bitcoin and Ethereum, on its trading platform for trading before the end of this year.

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu
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Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.

Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under
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Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under

The Australian Cyber Security Center has published a report highlighting vulnerabilities that are being exploited by hackers using cryptojacking malware.

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist
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Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australia recorded one of its first cases of cryptocurrency theft recently.

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison
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PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

The ringleaders of the PlusToken Ponzi Scheme have been charged with 11 years of prison after they stole cryptocurrencies worth 14.8 billion yuan.

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers
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Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers

A former employee of an Australian federal agency avoided prison despite mining cryptocurrency on government supercomputers.

Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack
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Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack

U.S. authorities have arrested a Manhattan-based couple identified as Lichtenstein and Morgan, suspected to be a part of the masterminds behind the 2016 Bitfinex exchange hack.

Australians Lost Over $70M to Scam Crypto Investments in H1 2021
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Australians Lost Over $70M to Scam Crypto Investments in H1 2021

Australians continue to suffer from online scams. More than half of the $70 million in losses were to cryptocurrency, especially through Bitcoin, a study says.

Australia Records Over $14 Million Losses to Crypto Scams in 2019
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Australia Records Over $14 Million Losses to Crypto Scams in 2019

Scamwatch, an Australian website dedicated to reporting scams saw an increase in crypto relating scams amounting to $14 million

Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets
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Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets

Victims of BitConnect fraud scheme have a reason to smile about after a court order granted the sale of cryptocurrencies accrued from the scam.

Australian Scammers Prefer Crypto than Credit Cards: Report
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Australian Scammers Prefer Crypto than Credit Cards: Report

Australia's local media outlet disclosed a total loss of $84 million was reported to the ScamWatch website in 2021, a figure that is reasonably higher than the $27 million reported in 2020 and $19 million in 2019.

Raoul Paul Hails Crypto Industry, Calls it "Anti-Fragile Financial System."
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Raoul Paul Hails Crypto Industry, Calls it "Anti-Fragile Financial System."

The crypto market collapsed significantly but bounced back on its own, gaining praises from Raoul Paul.

Crypto Bank Protego Trust Appoints Ron Totaro as CEO
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Crypto Bank Protego Trust Appoints Ron Totaro as CEO

Ron Totaro comes with key leadership professional experience as digital asset bank Protego Trust seeks growth to continue serving the crypto marketplace.

IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
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IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme

In response to the recent crash of the LUNA collapse, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva questioned the risk of stablecoins, calling it a ‘Pyramid’ scheme.

Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin
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Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin

Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve.

Changpeng Zhao Clarifies Binance's Investment in Collapsed Terra
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Changpeng Zhao Clarifies Binance's Investment in Collapsed Terra

Changpeng Zhao has come out to clarify the investments the trading platform has in the Terra ecosystem in what appears as a response to false claims going around on Twitter.

Terra's Do Kwon Says He is Cooperating With Prosecutors in New Interview
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Terra's Do Kwon Says He is Cooperating With Prosecutors in New Interview

In a new interview with Laura Shin, Do Kwon maintained that he has been cooperating with prosecutors

Prime Trust Hires Former Secret Service Veteran as VP of Regulatory Affairs
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Prime Trust Hires Former Secret Service Veteran as VP of Regulatory Affairs

The two-decade government service veteran, Jeremy Sheridan will be responsible for overseeing Prime Trust's regulatory strategies.

How Australia's National Blockchain Roadmap Will Change The Future
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How Australia's National Blockchain Roadmap Will Change The Future

Australia was one of the first countries to recognize the immense potential of blockchain technology and to incorporate it into various sectors in the country.

Tron Founder Justin Sun Wants to Spend $5B to Save Distressed Crypto Firms
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Tron Founder Justin Sun Wants to Spend $5B to Save Distressed Crypto Firms

While there has been no news of Tron bailing out any crypto firm thus far, Sun said he is willing to commit as much as $5 billion to save distressed crypto outfits

Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch
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Cardano Breaks Correlation with Bitcoin Price with Recent Partnership with Coinbase and Shelley Mainnet Launch

Cardano recently partnered with Coinbase Custody to allow ADA holders to stake and store their funds in a secure cold wallet. The launch is expected in Q4 of 2020, once the staking rewards on Cardano’s Shelley mainnet becomes available.

Crypto.com Extends Free Crypto Tax Reporting Services in Australia
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Crypto.com Extends Free Crypto Tax Reporting Services in Australia

Cryptocurrency exchange Crypto.com has launched a new crypto taxation service for Australian recently, enabling their clients to import their crypto transaction to generate a report and file to the government.

Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services
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Australian Senator Andrew Bragg: Blockchain Can 'Rebuild Confidence' in Financial Services

Australian Liberal Senator Andrew Bragg has expressed optimism on the potential of blockchain technology to help ‘Rebuild Confidence’ in the financial services sector

Australia-based Zip Considers Adding Crypto Trading Options within a Year
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Australia-based Zip Considers Adding Crypto Trading Options within a Year

Australia-leading digital retail finance and payments company Zip Co Ltd is considering adding cryptocurrency trading options for customers.

Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community
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Australia's National Blockchain Steering Committee Mobilizes Domestic Developer Community

The Australian National Blockchain Roadmap Steering Committee is seeking expressions of interest from its domestic blockchain community to create working groups on supply chain and credentialing.

ASX Delays Blockchain-Based CHESS Replacement to April 2023
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ASX Delays Blockchain-Based CHESS Replacement to April 2023

The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.

Australia Sponsors Two Blockchain Pilot Projects for AU$5.6M
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Australia Sponsors Two Blockchain Pilot Projects for AU$5.6M

The Australian government has allocated more than 5.6 million Australian dollars to support two domestic blockchain pilot projects, enhancing the domestic productivity and competitiveness of the Minerals and Food and Beverage sectors.

Australian Online Neobank Volt has Partnered with Crypto Exchange BTC Markets to Provide Bank Service
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Australian Online Neobank Volt has Partnered with Crypto Exchange BTC Markets to Provide Bank Service

Australian online bank Neobank Volt revealed that it has partnered with crypto exchange BTC Markets (BTCM) to provide bank services for Australian crypto investors.

Australian Top Bank Commonwealth Bank to Offer Cryptocurrency Trading for Retail Customers
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Australian Top Bank Commonwealth Bank to Offer Cryptocurrency Trading for Retail Customers

The largest bank in Australia – Commonwealth Bank of Australia (CBA) – is set to develop a platform that allows its customers to trade cryptocurrencies.

Welcoming the Future of Finance with Blockchain
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Welcoming the Future of Finance with Blockchain

Blockchain is not limited to creating cryptocurrencies like Bitcoin. In fact, it has the potential to entirely remodel every industry out there, including the financial institutions.

BNPL Payment Firm Afterpay Urges Senate to Support AUD-backed Stablecoins for Cutting Merchant Cost
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BNPL Payment Firm Afterpay Urges Senate to Support AUD-backed Stablecoins for Cutting Merchant Cost

The BNPL payment company Afterpay expressed their intention to the Australian Senate to launch the Australian dollar stablecoin soon, saying that crypto will help merchants reduce related payments.

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto
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EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.

Solana NFT Platform Magic Eden Moves To An Optional Royalties Method
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Solana NFT Platform Magic Eden Moves To An Optional Royalties Method

Solana-based NFT platform Magic Eden announced on Saturday it's opting for an optional royalties method for its users.

Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs
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Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs

SEBA bank has expanded the reach of its crypto offerings with a new service dedicated to custody for NFTs

Australia Zoo Rolls Out NFT Project to Pay Tribute to Wildlife Warriors’ Conservation Efforts
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Australia Zoo Rolls Out NFT Project to Pay Tribute to Wildlife Warriors’ Conservation Efforts

To celebrate the 20th anniversary of Wildlife Warriors’ role in protecting injured, threatened, or endangered wildlife, Australia Zoo has launched an NFT project to raise funds and awareness to protect Australia’s wild places and wildlife.

Jul 24 Trading Analysis: What Bloodbath?
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Jul 24 Trading Analysis: What Bloodbath?

Despite stonk's bloodbath, BTC managed to close higher on the day with some short squeeze liquidation through $9600 level. I am actually surprised that we are still trading at current levels, would only be a matter of time that we see us retracing back some of its gains, which was why I said yesterday, we need to continue to monitor the momentum of capital into BTC.

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