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National Australia Bank Halts Payment to Crypto Platforms Where Scams Are ‘More Prevalent’
17.7.2023
National Australia Bank (NAB), one of the ‘big four’ banks in the nation, has blocked some payments to “high-risk” crypto exchanges, where scams are “more prevalent.”
In an official statement, detailing new measures to protect customers from scams, NAB identified crypto scams as...
Binance Successfully Integrates Bitcoin Lightning Network for Faster and Cheaper Transactions
17.7.2023
Crypto exchange giant Binance has completed the integration of the Bitcoin Lightning Network, enabling its users to deposit and withdraw the world's number one crypto through this popular Layer 2 (L2).
Bitcoin Lightning Network is a second-layer solution that addresses scalability issues. It uses...
Brazilian Central Bank Digital Currency Raises Alarm as Developer Uncovers Fund Freezing Feature
17.7.2023
A blockchain developer has found a code in Brazilian central bank-backed digital currency (CBDC) that would allow the government to freeze accounts or even drain them at will.
Founder of Web3 consulting company Iora Labs and blockchain developer Pedro Magalhaes took to social media to reveal...
Celo, backed by A16z, proposes a transition to Ethereum Layer 2
17.7.2023
cLabs, the core developer of the Celo blockchain, has unveiled a bold plan to transform its Layer 1 network into a Layer 2 solution built on Ethereum. This strategic move aims to enhance security guarantees and improve the overall functionality of the platform. The proposal, shared on...
Cathie Wood's Ark Invest Sells $53 Million Coinbase Shares Amid Record Highs
15.7.2023
Cathie Wood’s Ark Invest sold 478,356 Coinbase shares valued at $53 million on Friday as the crypto exchange’s stock prices reached a 52-week high.
This is the second time Cathie Wood-led investment management firm offloaded Coinbase shares within a week.
As reported earlier, Ark Invest sold...
Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit
15.7.2023
Coinbase, the US-based cryptocurrency exchange, has temporarily paused its staking services in four states in response to legal proceedings from Securities and Exchange Commission (SEC).
In a blog post on July 14, Coinbase announced that it was temporarily suspending its retail staking service...
SEC acknowledges Fidelity, VanEck, WisdomTree, and Invesco Spot Bitcoin ETF applications
15.7.2023
On July 14, the Securities and Exchange Commission (SEC) acknowledged the spot Bitcoin ETF applications submitted by Fidelity, VanEck, WisdomTree, and Invesco.
This acknowledgment, published on the SEC's website, represents a significant milestone in the cryptocurrency industry's pursuit of spot...
Bitcoin Halving: Analyzing the Effects on Price and Market Sentiment
14.7.2023
Bitcoin’s next “halving,” an event that reduces the asset’s inflation rate roughly once every four years, is now only 9 months away.
At Block 840,000 (which is expected to occur on April 26 2024), the number of Bitcoin (BTC) produced every ten minutes will fall from 6.25 BTC to 3.125 BTC....
Improved Security Measures Await BNB Chain Users in July Hard Fork
14.7.2023
The BNB Beacon Chain, the Binance blockchain ecosystem, is expected to undergo a scheduled hard fork upgrade on 19th July at 6:00 UTC, with enhanced security features for users.
The hard fork dubbed “ZhangHeng,” named after a Chinese scientist, will occur at block height 328,088,888, the official...
Bitget Crypto Exchange Announces Debt-Free Status and $1.44 Billion Reserves in July Report
14.7.2023
The crypto exchange Bitget has announced that its reserves have reached a massive $1.44 billion, and that it is officially debt-free.
According to the Bitget’s announcement, the exchange’s overall reserve ratio now stands at 223%, more than twice the standard 100% (or 1-to-1) backing that...
Former Celsius CEO Alex Mashinsky Pleads Not Guilty, Bail Set At $40 Million
14.7.2023
A U.S. District Judge has set the bail for the former CEO of Celsius Alex Mashinsky at $40 million.
Mashinsky pleaded not guilty to the fraud charges that he artificially inflated the value of CEL token and misled the customers after he was arrested Thursday....
Read More: Former Celsius CEO Alex...
Decentralized Wireless Network Operator World Mobile Gains Licensed Spectrum for US Coverage
14.7.2023
Decentralized wireless network operator World Mobile has secured licensed spectrum in four US states.
In a Thursday press release, the company said the licensed spectrum, obtained in states including California, New Mexico, Nevada, and Utah, provides a strong foundation for its expansion plans...
NYC Mayor Eric Adams To Amend Financial Disclosure After He Failed to List off BTC, ETH Holdings
14.7.2023
New York City crypto-friendly mayor Eric Adams has mistakenly responded “no” to whether he held any securities including cryptocurrencies, in his annual financial disclosure form.
A spokesperson for the mayor told Daily News on July 13, that the mayor will amend his financial disclosure form...
Planq Partners with Router Protocol to revolutionize asset bridging
14.7.2023
Planq has revealed its partnership with Router Protocol as the primary bridging partner in a highly anticipated announcement. Planq, a leading provider of secure transaction and communication systems, is dedicated to revolutionizing the blockchain landscape for mobile users. Their mission centers...
Coinbase And Other Exchanges Relist XRP After Court Ruling Against SEC
14.7.2023
US crypto exchanges Coinbase, Kraken, Gemini, Crypto.com and Bitstamp have announced to relist XRP after a US federal court ruled that selling the token on exchanges did not constitute an investment contract.
The entire ruling was not in favor of Ripple as Judge Torres made it clear that...
Upbit Publishes Complete Korean Translation of EU’s MiCA Laws – Crypto Regulation Incoming?
14.7.2023
Upbit, South Korea’s biggest crypto exchange, has published a full, translated text of the EU’s MiCA crypto regulation laws, a suggestion that Europe’s new rules could be impacting other nations.
Officially known as the Markets in Crypto-Assets (MiCA), these regulations have already served as...
Coinbase Lawyers Claim Biden Student Loans Ruling Strengthens Defense Against SEC
14.7.2023
Coinbase's legal team argued in a recent legal filing that a recent U.S. Supreme Court judgment on student debt cancellation supports their fight against SEC charges of operating an unregistered securities venue.
The Securities and Exchange Commission (SEC) filed a lawsuit on June 6, accusing...
Chainalysis Report: Significant Decline Seen in Crypto Scams in 2023
13.7.2023
2023 has so far been a meager year for crypto scammers, according to a new report from blockchain intelligence firm Chainalysis.
So far in 2023, crypto-related crime, measured as inflows to “known illicit entities,” has fallen 65% compared with the same period last year.
At the same time,...
Coinbase Wallet Introduces Messaging Feature for Direct User Interaction
13.7.2023
Coinbase’s self-custody wallet – one of the most popular tools for personally safeguarding one’s crypto holdings – will soon function as a simultaneous encrypted messaging service, the company revealed on Wednesday. ...
Read More: Coinbase Wallet Introduces Messaging Feature for Direct User...
Celsius Network's Alex Mashinsky Arrested as U.S. Authorities Sue Bankrupt Crypto Lender
13.7.2023
The former CEO of bankrupt crypto lender Celsius Network Ltd., Alex Mashinsky, has been charged with fraud by the U.S. Department of Justice (DoJ) and sued by three regulatory agencies over the company's collapse.
Apart from the DoJ, Celsius and Mashinsky are also facing a barrage of lawsuits...