Robinhood, the popular online trading platform, has been identified by Arkham Intelligence as the fifth-largest holder of Ethereum (ETH) and the third-largest holder of Bitcoin. In addition, the firm has recently become the owner of 34.086 trillion Shiba Inu (SHIB) tokens, equivalent to about $279.85 million at the current market price.Data shows that Robinhood’s SHIB […]
Elon Musk’s social media platform, formerly known as Twitter, has obtained payments licenses from several U.S. states in recent months. This includes a currency transmitter license in Rhode Island, which is essential for offering crypto services. Musk has hinted at supporting crypto on the platform, and the licenses allow for broader payments services to be […]
LBank recently concluded its Initial Exchange Offering (IEO) for the PINs Network project, securing a total investment of 51,556,343 USDT from 34,587 participants. This followed a period of increased activity on LBank, largely due to the IEO’s specific participation rules. The rules were based on a user’s daily average holdings of coins, such as BTC, […]
Nexo, a leading cryptocurrency platform, has partnered with payment processing giant Mastercard to launch a Dual Mode crypto card. This card allows users to switch between debit and credit modes for daily transactions and larger purchases from more than 100 million worldwide merchants that accept Mastercard.The Dual Mode Card is an example of a customer-first […]
PayPal, the world’s largest online payment company, has partnered with Coinbase, a prominent cryptocurrency exchange, to make purchasing cryptocurrencies easier for crypto enthusiasts in Germany and the UK. This collaboration seeks to simplify the process of buying cryptocurrencies, as conventional banking techniques, such as wire transfers, can cause delays.Coinbase users can now purchase cryptocurrencies using […]
Swift, a bank messaging network, recently released a report that explores how it can connect with blockchains and solve the issue of interoperability between different blockchain networks. The report, titled “Connecting blockchains: Overcoming fragmentation in tokenised assets,” concluded that a more incremental approach that interlinks existing systems to blockchains is “more plausible” for market development […]
Robinhood, a multi-chain, self-custody, Web3 wallet, has announced the addition of support for Bitcoin and Dogecoin, as well as the ability to conduct Ethereum swaps. This update has enabled hundreds of thousands of users across 140 countries to access Bitcoin and Dogecoin. The company has also enabled Ethereum swaps, allowing users to swap without holding […]
Binance has announced that it will be phasing out support for Binance USD (BUSD) by February 2024. The exchange has advised its users to convert their BUSD holdings to First Digital USD (FDUSD). BUSD will remain backed 1:1 by USD until support is ended.The decision to phase out BUSD is due to regulatory issues surrounding […]
Veloce Media Group, a multi-pillared gaming and sports media group, is launching its governance and utility token, VEXT, exclusively on ByBit, one of the global top leading exchanges. VEXT will empower holders to become part of the Veloce ecosystem and have further influence, integration and rewards over decentralised assets within the Veloce Media Group. The […]
Binance, one of the world’s leading cryptocurrency exchanges, has announced its plan to reduce support for its Binance USD stablecoin by February 2024. This pivot arises from Paxos’s cessation of new BUSD token minting. Changes on the Binance platform are imminent as the exchange preps for this shift, including the phasing out of BUSD spot […]
