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USDC Rewards Program Ends in Europe as MiCA Rules Take Effect

Coinbase is set to end its USDC rewards program for users in the European Economic Area (EEA) starting December 1, a move driven by compliance with the upcoming Markets in Crypto-Assets (MiCA) regulation.

29.11.2024 14:00 1 min. read Alexander Stefanov

Are Memecoins Facing a Crisis of Trust and Accountability?

MetaMask founder Dan Finlay recently conducted a bold experiment with memecoins to explore issues of consent and trust in the Web3 space.

29.11.2024 12:00 2 min. read Alexander Stefanov

Decentralized AI Gets a Boost as SingularityNET Partners with Mina Foundation

SingularityNET, a decentralized AI platform, has teamed up with the Mina Foundation, the organization behind the privacy-centric Mina Protocol, to advance the development of decentralized artificial general intelligence (AGI) while prioritizing privacy through zero-knowledge (ZK) technology.

28.11.2024 22:00 1 min. read Alexander Zdravkov

OKX Expands European Reach with New Crypto Platform and Wallet

OKX has broadened its European footprint with the introduction of its cryptocurrency exchange and self-custodial wallet in Belgium.

28.11.2024 16:00 1 min. read Alexander Zdravkov

Marathon Digital Expands Bitcoin Holdings with $1 Billion Investment Strategy

Marathon Digital Holdings (MARA), a leading Bitcoin mining firm, has recently boosted its cryptocurrency portfolio with the purchase of 6,474 BTC, bringing its total holdings to 34,794 BTC, valued at approximately $3.3 billion.

28.11.2024 15:30 1 min. read Alexander Stefanov

Celsius to Distribute $127 Million in Second Round of Payouts to Creditors

Celsius is preparing to distribute another $127 million to eligible creditors from its Litigation Recovery Account.

28.11.2024 14:00 2 min. read Kosta Gushterov

Vitalik Buterin Converts Meme Coins to ETH, Donates $1M to Crypto Policy Group

Vitalik Buterin made waves in the crypto world on November 27 by converting meme coins he had received into 22.89 ETH, worth around $76,500.

28.11.2024 11:30 1 min. read Alexander Stefanov

Ripple Invests in Bitwise’s Rebranded XRP ETP as Company Expands in Europe

Bitwise has made a significant move in the European market by rebranding its XRP exchange-traded product (ETP) to “Bitwise Physical XRP ETP” following its filing for a spot XRP ETF in the United States.

28.11.2024 10:00 1 min. read Kosta Gushterov

Andreessen Horowitz Co-Founder Claims Biden Admin is Blocking Crypto Startups

Marc Andreessen, co-founder of Andreessen Horowitz and a vocal figure in the tech and crypto world, recently accused the Biden administration of using the banking system to target crypto entrepreneurs.

28.11.2024 9:00 2 min. read Alexander Zdravkov

Former CFTC Head Predicts SEC Will Drop Ripple Case

During a recent interview with FOX Business, former CFTC Chairman Chris Giancarlo, known as “Crypto Dad” for his progressive stance on digital assets, shared his views on the future of U.S. cryptocurrency policy.

28.11.2024 8:30 2 min. read Alexander Zdravkov

Tether Ends Support for Euro-Backed Stablecoin, Shifts Focus to MiCA-Compliant Tokens

USDT issuer Tether has announced that it will discontinue its euro-pegged stablecoin, EURT.

27.11.2024 20:00 2 min. read Alexander Zdravkov

US Inflation Data in Line with Expectations – What It Means for Federal Reserve Rate Cuts

The latest data on the US personal consumption expenditures (PCE) price index has been released, meeting expectations and drawing attention due to its potential impact on Bitcoin and the broader cryptocurrency market.

27.11.2024 19:00 1 min. read Alexander Stefanov

How Crypto Helps Low-Income Families Secure Bigger Mortgages

A recent report from the U.S. Treasury reveals that a growing number of lower-income households are using cryptocurrency gains to secure mortgages, particularly in areas with high crypto exposure.

27.11.2024 17:30 1 min. read Alexander Stefanov

Bitcoin Rally Sparks Surge in Self-Custody Crypto Solutions

The trend of cryptocurrency self-custody has surged, driven by Bitcoin’s near $100,000 peak in November.

27.11.2024 18:00 1 min. read Alexander Zdravkov

Court Overturns Tornado Cash Sanctions, Raising New Questions About Crypto Regulation

A U.S. federal appeals court has overturned Treasury Department sanctions on Tornado Cash, a crypto-mixing platform that uses decentralized smart contracts to anonymize transactions.

27.11.2024 15:00 1 min. read Alexander Zdravkov

OpenAI Secures $1.5B Deal – How Will This Affect AI Cryptocurrency?

OpenAI has secured a significant $1.5 billion investment through a tender offer, granting its employees the chance to sell shares to SoftBank.

27.11.2024 14:00 2 min. read Kosta Gushterov

Ripple Donates $25 Million to Political Group Supporting Crypto-Friendly Candidates

Ripple CEO Brad Garlinghouse recently announced a $25 million contribution to the pro-crypto PAC Fairshake, aimed at supporting pro-growth and pro-innovation candidates ahead of the 2026 mid-term elections.

27.11.2024 13:30 1 min. read Alexander Zdravkov

Uniswap Offers $15.5 Million Reward for Finding Vulnerabilities in New Upgrade

Uniswap, the leading decentralized exchange, has introduced an unprecedented $15.5 million bug bounty program aimed at identifying vulnerabilities in its upcoming v4 upgrade.

27.11.2024 13:00 2 min. read Alexander Stefanov

Iran Ready to Use Digital Currency to Fight Western Sanctions

Iran is preparing to introduce its own central bank digital currency (CBDC), according to Mohammad Reza Farzin, the governor of the Central Bank of Iran (CBI).

27.11.2024 10:30 1 min. read Kosta Gushterov

Kraken to Shut Down NFT Marketplace, Shifting Focus to New Projects

Kraken, one of the leading cryptocurrency exchanges, has announced the closure of its NFT marketplace, citing a strategic shift in focus.

27.11.2024 9:00 1 min. read Alexander Stefanov

Crypto.com Sponsors Historic Golf Tournament with Cryptocurrency Prize

Crypto.com has taken the title sponsorship of the Crypto.com Showdown, an upcoming golf event set to make history as the first major tournament with a multimillion-dollar prize paid entirely in CRO cryptocurrency.

26.11.2024 21:55 2 min. read Alexander Stefanov

Trump Plans to Appoint AI Czar to Oversee U.S. Artificial Intelligence Policy

Donald Trump is reportedly considering appointing a dedicated “AI czar” at the White House to oversee federal policy and the government’s use of artificial intelligence.

26.11.2024 18:30 1 min. read Kosta Gushterov

Telegram’s Crypto Holdings Surge Amid Record Revenue Growth

Telegram’s cryptocurrency portfolio has seen remarkable growth, reaching $1.3 billion in the first half of 2024, according to a recent Financial Times report.

26.11.2024 18:00 2 min. read Alexander Zdravkov

China and Japan Ditch US Treasuries in Historic Sell-Off

China and Japan are both aggressively cutting back on their holdings of US Treasuries, with Japan leading the way in Q3 2024 by selling a record $61.9 billion.

26.11.2024 16:00 1 min. read Kosta Gushterov

Binance Founder Criticizes Ongoing Memecoin Craze

Changpeng Zhao, the CEO of Binance, has recently voiced his concerns about the increasing attention towards meme coins in the cryptocurrency space, describing the trend as “weird.”

26.11.2024 15:30 2 min. read Kosta Gushterov

Ripple Launches First Tokenized Money Market Fund on XRP Ledger

Ripple announced its first tokenized money market fund on Monday, marking a significant step in its collaboration with FCA-regulated Archax and UK-based asset manager abrdn.

26.11.2024 9:30 2 min. read Alexander Zdravkov

Pump.fun Suspends Live-Streaming Amid Rising Abusive Content

The memecoin platform Pump.fun, built on the Solana blockchain, announced on Monday that it has temporarily suspended its live-streaming feature due to the rise of harmful content.

26.11.2024 12:30 1 min. read Kosta Gushterov

Criticism Mounts Against SEC Chair Gensler Over Alleged Ties to Sam Bankman-Fried

John Deaton, a prominent lawyer known for his advocacy in the XRP case, has raised concerns over the apparent closeness between SEC Chair Gary Gensler and FTX founder Sam Bankman-Fried (SBF).

26.11.2024 12:00 1 min. read Alexander Zdravkov

Gold Set to Rise, But Crypto Expected to Outperform, Says Ex-Goldman Sachs Exec

Raoul Pal, a macroeconomic expert and CEO of Real Vision, believes that gold is poised for an upward price movement due to ongoing monetary debasement.

26.11.2024 11:30 2 min. read Alexander Stefanov

Justin Sun Invests $30 Million in Trump’s Crypto Project

Justin Sun, the founder of Tron, has committed a substantial $30 million investment into World Liberty Financial (WLF), a decentralized finance (DeFi) initiative spearheaded by President-elect Donald Trump.

26.11.2024 10:00 2 min. read Alexander Stefanov

Singapore Gulf Bank Plans Major Push into Stablecoins with $50M Funding

Singapore Gulf Bank, a digital-forward financial institution backed by the Singapore-based Whampoa Group and Bahrain Mumtalakat Holding Co., is preparing to raise $50 million in early 2025.

25.11.2024 21:00 2 min. read Alexander Zdravkov

Hong Kong’s Largest Digital Bank Launches Retail Crypto Trading

Zhong An Bank (ZA Bank), Hong Kong’s largest digital bank, has launched a retail cryptocurrency trading service, becoming the first bank in Asia to do so.

25.11.2024 17:34 1 min. read Kosta Gushterov

Nexo Unveils Game-Changing Personal USD Accounts for Global Crypto Users

Digital asset manager Nexo has unveiled Personal USD Accounts, a groundbreaking service allowing users in over 150 countries to manage USD bank transfers directly in their own names.

25.11.2024 17:01 2 min. read Alexander Stefanov

Nexo Announces Major Rebranding – Here is What You Should Know

In a significant move within the digital asset landscape, Nexo has announced its rebranding as a premier wealth management platform for digital assets.

31.10.2024 18:20 5 min. read Alexander Stefanov

Sky Mavis Reshapes Workforce in Strategic Move for Growth in 2025 and Beyond

Sky Mavis, the developer behind Axie Infinity, is reducing its workforce by 21%, a move that will impact about 50 employees from its global team of 250.

25.11.2024 18:00 1 min. read Kosta Gushterov

Concerns Grow as Strong U.S. Dollar Expected to Threaten Emerging Market Bonds Under Trump’s Presidency

A recent report reveals growing concerns among investors about the strengthening U.S. dollar under Donald Trump’s incoming administration.

25.11.2024 17:00 2 min. read Alexander Zdravkov

Ripple’s Legal Chief Calls for SEC Reform and Clearer Crypto Regulations

Ripple’s Chief Legal Officer, Stuart Alderoty, has called for substantial reforms at the U.S. Securities and Exchange Commission (SEC), urging the next chairman to reset the agency’s fraught relationship with the cryptocurrency sector.

25.11.2024 13:00 2 min. read Kosta Gushterov

India Grows CBDC Network, Partnering with Key Countries Across Asia and the Middle East

India, a prominent member of the BRICS coalition, is making significant strides in expanding its cross-border mobile payments infrastructure by teaming up with several nations to advance Central Bank Digital Currencies (CBDCs).

25.11.2024 11:00 2 min. read Alexander Zdravkov

Tether and Cantor Fitzgerald Plan $2B Bitcoin Loan Program

Cantor Fitzgerald is reportedly working on a new initiative to offer dollar loans backed by Bitcoin as collateral, starting with $2 billion and potentially expanding to tens of billions, Bloomberg reported.

25.11.2024 8:30 2 min. read Kosta Gushterov

Top Wall Street Firm Owns $600M Stake in Tether

Cantor Fitzgerald, a prominent Wall Street firm, is reportedly set to acquire a 5% stake in Tether, the largest issuer of stablecoins globally.

24.11.2024 17:00 1 min. read Kosta Gushterov

Australia Seeks Public Input on Adopting Global Crypto Reporting Standards

Australia’s Treasury Department is seeking public input on how to implement a global cryptocurrency transaction reporting standard as part of its effort to enhance tax transparency and reduce international tax evasion.

24.11.2024 22:00 2 min. read Alexander Stefanov

Memecoins Paving the Way for Blockchain Adoption in Traditional Finance

Dan Tapiero, a prominent investor and cryptocurrency expert, believes the surge in memecoins is serving a crucial purpose in preparing blockchain technology for broader adoption by traditional financial institutions.

24.11.2024 21:00 1 min. read Alexander Stefanov

Crypto Faces Ongoing Challenges Despite Pro-Crypto Shift in U.S. Leadership

Coin Center, a prominent crypto advocacy organization, has raised concerns about potential barriers to innovation in the U.S. crypto sector, even as expectations grow for a more crypto-friendly environment under a possible Trump administration.

24.11.2024 15:00 1 min. read Kosta Gushterov

Could the Crypto Market Soar Further After Gensler’s Resignation?

As Bitcoin nears the $100,000 mark, the crypto market is experiencing a surge of excitement, particularly following the news of Gary Gensler’s resignation as SEC Chair.

24.11.2024 14:00 2 min. read Kosta Gushterov

Tornado Cash Developer’s Detention Sparks Concerns for Privacy Tech Developers

Alexey Pertsev, the developer behind the Tornado Cash cryptocurrency mixing protocol, will remain in pre-trial detention as he continues to await his trial.

24.11.2024 12:00 2 min. read Alexander Zdravkov

SEC Secures Record $8.2B in Penalties Despite Fewer Enforcement Actions

In its 2024 fiscal year, the U.S. Securities and Exchange Commission (SEC) reached a major milestone, securing $8.2 billion in financial penalties, despite a decrease in the number of enforcement actions.

24.11.2024 11:00 2 min. read Kosta Gushterov

Trump Nominates Bitcoin Advocate Scott Bessent for Treasury Secretary

Donald Trump has nominated Scott Bessent, founder of hedge fund Key Square Capital Management and a vocal advocate for Bitcoin, for the role of Treasury Secretary.

24.11.2024 8:00 2 min. read Kosta Gushterov

Robinhood’s Legal Chief No Longer Leading in SEC Chair Race

Dan Gallagher, Robinhood’s Chief Legal Officer, who was once considered the top contender to lead the U.S. Securities and Exchange Commission (SEC), is no longer in the running.

23.11.2024 20:00 1 min. read Alexander Zdravkov

Crypto Firm Declared Bankrupt with $1.75 Billion Debt Amid FTX Ties

Another crypto platform has filed for bankruptcy, citing unrecoverable losses tied to the collapse of FTX.

23.11.2024 17:00 2 min. read Kosta Gushterov

Market Expert Defends MicroStrategy’s Value, Predicting Growth Amid Market Concerns

MicroStrategy saw its stock drop 16% yesterday in pre-market trading after Bitcoin hit an all-time high of nearly $100,000.

23.11.2024 15:00 1 min. read Alexander Zdravkov

Polymarket Halts Trading in France Amid Regulatory Scrutiny

Polymarket, the prediction market platform, has taken action to block trading access for users in France, following scrutiny from the country’s gambling regulatory body, the Autorité Nationale des Jeux (ANJ).

23.11.2024 14:00 1 min. read Kosta Gushterov

Peter Brandt Warns Traders About Incoming Scams in Traditional Financial Markets

Trading veteran Peter Brandt has issued a cautionary about an impending wave of scams targeting traders in traditional financial markets.

23.11.2024 13:00 2 min. read Alexander Zdravkov

Binance Boosts Compliance Team as It Strengthens Regulatory Efforts

Binance, the world’s largest crypto exchange, is expanding its compliance team, aiming to hire 645 full-time compliance staff by year-end, a 34% increase from last November.

22.11.2024 21:30 1 min. read Alexander Stefanov

Crypto Legal Battles to Ease After Gensler Steps Down, Pantera Capital Predicts

Pantera’s legal expert suggests that many ongoing securities lawsuits targeting crypto companies in the U.S. could “quietly dissipate” once SEC Chair Gary Gensler steps down in January.

22.11.2024 18:30 2 min. read Alexander Zdravkov

AI Set to Transform Wealth Management, But Will Clients Trust It?

A recent study analyzing input from 300 wealth managers and 3,000 investors worldwide highlights the transformative role artificial intelligence (AI) is poised to play in wealth management.

22.11.2024 21:00 2 min. read Alexander Zdravkov

Deribit Partners with Ethena to Bring Rewarding USDe Collateral to Crypto Traders

Deribit, the top global exchange for crypto options and futures, is preparing to introduce Ethena’s synthetic dollar, USDe, as a margin collateral option.

22.11.2024 20:00 1 min. read Alexander Stefanov

Germany’s Largest Insurance Provider Invests Heavily in MicroStrategy’s Bitcoin Push

Germany’s Allianz, the largest insurance provider in the country and the second-largest in Europe, has reportedly made a substantial investment in MicroStrategy’s recent $2.6 billion convertible note offering.

22.11.2024 18:00 1 min. read Alexander Zdravkov

Sui Partners with Franklin Templeton to Boost Blockchain Innovation and DeFi Growth

Sui has forged a significant partnership with Franklin Templeton Digital Assets, aimed at accelerating innovation within its blockchain ecosystem.

22.11.2024 16:18 2 min. read Kosta Gushterov

MicroStrategy Stock Tumbles After New $3 Billion Bitcoin Bet

MicroStrategy recently finalized a $3 billion convertible notes offering, reinforcing its commitment to expanding its Bitcoin holdings.

22.11.2024 13:00 1 min. read Kosta Gushterov

Analysts Split on Nvidia’s Future After Strong Earnings Report

Nvidia’s latest quarterly results initially caused concern in the stock market, despite surpassing earnings and revenue expectations.

22.11.2024 12:00 1 min. read Alexander Stefanov