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Crypto Investor Binance Splits from Venture Capital Arm
15.3.2024
Earlier this year, Binance quietly split from its venture capital division, Binance Labs, and established as an independent entity now valued at $10 billion. This change in operation became effective under Binance's newly appointed Chief Executive Officer, Richard Teng, who assumed the role four...
Nigeria Targets Binance for User Data in Crypto Crackdown
13.3.2024
Nigerian authorities have reportedly requested Binance to provide information on its top 100 users in the country, along with its entire transaction history for the past six months.
The post Nigeria Targets Binance for User Data in Crypto Crackdown appeared first on Cryptonews
Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms Dealer’s Wallet
11.3.2024
UK-based crypto firm Copper Technologies reportedly transferred digital assets totaling more than $4.2m to a wallet associated with a Russian arms dealer. Subsequently, the individual faced US sanctions months later.
The post Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms...
Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How
8.3.2024
A cryptocurrency trader has turned $310 into nearly $6 million in three months, as per data shared by on-chain smart money sleuth X account @lookonchain.
The post Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How appeared first on Cryptonews
Bitcoin Returns To All-Time High In Canadian Dollar After PM Said It “Destroyed” People’s Life Savings
4.3.2024
The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment.
The post Bitcoin Returns To All-Time High In Canadian Dollar After PM Said It “Destroyed”...
Mollars Token Presale Surpasses $1-Million-Dollars After Investors Purchase Nearly 2-Million Tokens
3.3.2024
The Mollars token presale was at less than $50,000 raised on January 1st, the beginning of this new year. Now, just 2 months late and possibly viewed as the ‘top ICO of 2024,’ it has surpassed $1-Million-Dollars raised after investors purchased nearly 2-million tokens.
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Arbitrum and Robinhood Partnership Ushers in New Era for Decentralized Finance Swaps
1.3.2024
Ethereum scaling solution Arbitrum has partnered up with trading app giant Robinhood to announce a new token swap integration in Robinhood’s self-custody wallet. The companies made the joint announcement yesterday at the ETHDenver conference. The new integration lets Robinhood Wallet users...
Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi
29.2.2024
"2024 will likely witness the most substantial losses in Web3 ever in terms of volume of funds," Jonah Michaels, Comms Lead at Immunefi, told Cryptonews.
The post Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi appeared first on Cryptonews
A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency
29.2.2024
In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of FTX. Bankman-Fried’s Defense Urges Judge to...
Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis
29.2.2024
Gemini has announced its settlement with Genesis, plans to return $1.8 billion to Earn users, with the first distributions expected within two months, pending court approval.
The post Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis appeared...
Ethereum’s TVL Breaches $50 Billion as DeFi Activity Ramps Up
28.2.2024
The Ethereum network has recorded several gains in the last four months as decentralized activity continues to rise amid institutional inflows.
The post Ethereum’s TVL Breaches $50 Billion as DeFi Activity Ramps Up appeared first on Cryptonews
Sam Bankman-Fried Asks Court to Cut Prison Time to 63-78 Months
28.2.2024
Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a 'just' sentence of 63 to 78 months, according to a court filing submitted Tuesday
SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age
28.2.2024
Lawyers for FTX founder Sam Bankman-Fried have proposed a sentence of 63 to 78 months in prison for their client, citing his charitable work and young age.
The post SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age appeared first on Cryptonews
Pantera Capital Predicts ‘Strong’ Crypto Bull Market Over Next 18-24 Months
25.2.2024
American hedge fund Pantera Capital has predicted “a strong bull market” for cryptocurrencies over the next 18-24 months. “With the halving expected to occur in late April 2024, we believe the convergence of these positive things will provide strong tailwinds for the next bull...
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
20.2.2024
UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report
Web3 Social Media Platform beoble Secures $7 Million Seed Funding From Samsung, Hashkey, and Others
19.2.2024
Hong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three...
Web3 Social Media Platform beoble Secures $7 Million Seed Funding From Samsung, Hashkey, and Others
19.2.2024
Hong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three...
Bitcoin Should Remain Well-Supported On Institutional Inflows For Several Months: Coinbase Research
16.2.2024
Coinbase research analysts project adequate support for Bitcoin (BTC) in the market for the next three to six months due to institutional inflows. The institutional research arm of the digital asset exchange explained the trajectory of Bitcoin, Ethereum, and other on-chain data post-ETF approvals...
Embracer Cancelled Nearly 30 Unannounced Games In Just 6 Months
15.2.2024
Embracer Group, the proverbial grim reaper of video game acquisitions, has been wreaking havoc on the studios and IP it has acquired in the past few years. From layoffs across several companies to shutting down of beloved studios like Saints Row developer Volition, and cancellations of...
RockWallet Absorbs Crypto Payments Firm Wyre’s User Base in Post-Shutdown Move
15.2.2024
Following last year’s closure of crypto checkout gateway Wyre, non-custodial wallet RockWallet is stepping in to acquire its user base. The self-managed crypto wallet acquired the entirety of Wyre’s customer base on Thursday, around eight months after the latter’s shutdown in June 2023....