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10 months, 3 weeks agoPaxos Expands Stablecoin Issuance to Solana Blockchain, Paving the Way for Future Innovations
Paxos, a leading stablecoin issuer, has received regulatory clearance to launch its Paxos USDP stablecoin on the Solana blockchain. This move highlights Paxos’ growth and adaptability in the industry. Previously, P…
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10 months, 3 weeks agoGrayscale Adapts ETF Strategy to Meet SEC's Cash-Only Redemption Requirements
Grayscale, a crypto asset manager, has made amendments to its ETF strategy in order to comply with the cash-only redemption demands of the United States Securities and Exchange Commission (SEC). The revised filing…
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10 months, 3 weeks agoKyberSwap Decentralized Finance Protocol Implements Workforce Reduction Following $48.8 Million Exploit
The team behind decentralized finance protocol KyberSwap has made the difficult decision to reduce its workforce by 50% following a major exploit that cost the company $48.8 million. CEO Victor Tran expressed his…
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10 months, 3 weeks agoRipple Secures Regulatory Approval for Crypto Services in Ireland
Ripple, the global payments network, has achieved a significant milestone by obtaining regulatory approval from the Central Bank of Ireland to provide crypto services in the country. This approval allows Ripple to…
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10 months, 3 weeks agoInconsistent Approach to Bitcoin ETF Applications Raises Regulatory Concerns
Over the past two years, Elizabeth Stark and her team at Lightning Labs have made significant strides in growing the Lightning Network. They have achieved a remarkable 1,200% increase in routed transactions,…
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10 months, 3 weeks agoFormer Binance CEO Changpeng Zhao's Wealth Surges by $24 Billion Despite Legal Troubles
Changpeng Zhao, the former CEO of Binance, has experienced a significant increase in his personal wealth despite facing legal troubles. His net worth has climbed by an impressive $24 billion this year, securing him…
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10 months, 3 weeks agoTelcoin Wallet Hack Results in $1 Million Loss and TEL Token Crash
Telcoin, a decentralized finance platform (DeFi), has suffered a hack in its mobile wallet application, resulting in a loss of over $1 million in cryptocurrencies. The incident, which was first reported by security…
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10 months, 3 weeks agoJapan to Introduce Tax Relief for Companies Holding Crypto Assets
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The…
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bob wrote a new post
10 months, 3 weeks agoJapan to Introduce Tax Relief for Companies Holding Crypto Assets
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The…
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10 months, 3 weeks agoTether Mints $1 Billion in USDT to Replenish Inventory, Raises Transparency Concerns
Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is aimed at replenishing its inventory in anticipation of a surge in demand. The…
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10 months, 3 weeks agoCrypto Industry Titans Face Potential Prison Sentences in US
Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing…
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10 months, 3 weeks agoGrayscale Announces Board Reshuffle as Barry Silbert Steps Down as Chairman
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according…
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10 months, 3 weeks agoCoinbase's Base Revolutionizes Ethereum with Innovative Layer-2 Network
American crypto exchange Coinbase has recently introduced Base, its Ethereum layer-2 network, which positions the company as a fundamental layer for decentralized commerce and activity. Base, built on the Ethereum…
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10 months, 3 weeks agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
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bob wrote a new post
10 months, 3 weeks agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
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bob wrote a new post
10 months, 3 weeks agoBitcoin Network Surpasses Solana in Sales Volume, Boosted by Ordinals Transactions
In 2023, the world of nonfungible tokens (NFTs) experienced significant developments and challenges. Despite criticism, NFTs remained a vibrant part of the market, with sales reaching over $1.5 billion in the last…
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10 months, 3 weeks agoChallenges Faced by NFT Marketplaces: Losses for Creators Due to Optional Royalties
In a recent development, Stoner Cats 2 (SC2), the creators of the popular Stoner Cats animated series, have been charged by the Securities and Exchange Commission (SEC) for conducting an unregistered offering of…
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10 months, 3 weeks agoMt. Gox Creditors Finally Receiving Repayments After a Decade of Insolvency
After a decade of insolvency, Mt. Gox cryptocurrency exchange creditors are finally receiving payments for their claims. Recent speculation on the mtgoxinsolvency Reddit page suggests that users affected by the…
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10 months, 3 weeks agoPotential Ripple-SEC Settlement Hinges on Outcome of Coinbase Case
The legal battle between Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) has attracted significant attention in the crypto community. Attorney John Deaton, founder of Crypto Law, recently…
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10 months, 3 weeks agoJudge Rejects Request to Delay Sentencing for Former FTX CEO
Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six…
