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Hong Kong will possibly become the hub of global crypto firms


As crypto regulators in the US step up their scrutiny of the industry, crypto companies and founders are seeking for more welcoming environments abroad to fuel their expansion. Notably, global crypto firms and entrepreneurs are relocating to Hong Kong for opportunity and refuge. The crypto industry...

Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker


A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as...

What role does cryptocurrency play in the global expansion of sports?


Sports teams, eve­nts, and athletes are using digital mone­y more and more for deals and e­ngaging fans. Crypto cuts through currency exchange hassles, letting fans worldwide support their teams easily. This change­ streamlines deals and ope­ns up new revenue­ possibilities. It fosters a more­...

BAXUS Raises $5 Million in Funding to Expand Web3 Spirits Marketplace


BAXUS secures $5 million led by Multicoin Capital to scale its web3-enabled platform for trading collectible spirits, increasing accessibility and transparency for global liquor collectors. The post BAXUS Raises $5 Million in Funding to Expand Web3 Spirits Marketplace appeared first on Cryptonews

Chirp Network Joins peaq to Build Unified DePIN Connectivity


Chirp Network’s integration with peaq aims to simplify data exchange for IoT devices and provide global connectivity, enhancing decentralized physical infrastructure networks through telecommunications solutions. The post Chirp Network Joins peaq to Build Unified DePIN Connectivity appeared first...

Stablecoins Gain Ground as Global Financial Asset


According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in...

S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape


According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced...

S&P Global Says US Stablecoin Adoption Could Soar Following New Rules


S&P Global said the recent change in rules involving the Lummis-Gillibrand Payment Stablecoin Act could see U.S. stablecoin adoption soar as the regulatory framework could bolster confidence. The post S&P Global Says US Stablecoin Adoption Could Soar Following New Rules appeared first...

Worldcoin Executives Meet Malaysian Leaders Amid Privacy Concerns


Sam Altman and Alex Blania engage with top Malaysian officials to strengthen ties following temporary bans in Europe and heightened global scrutiny regarding data privacy concerns. The post Worldcoin Executives Meet Malaysian Leaders Amid Privacy Concerns appeared first on Cryptonews

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