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With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
16.4.2023
On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace...
G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required
16.4.2023
The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’...
Chia Network Files for IPO With the SEC, Eyes Public Listing
15.4.2023
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the...
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
15.4.2023
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide...
Solana’s Crypto and Web3 Smartphone ‘Saga’ Available to the General Public on May 8
14.4.2023
Solana’s cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto assets using its Seed Vault feature. Solana Smartphone Saga...
Crypto Exchange Bitrue Suffers $23 Million Hack
14.4.2023
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses...
NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover
14.4.2023
Celsius Network contacted 130 interested parties and signed non-disclosure agreements with 40, before choosing NovaWulf
Twitter Users to Trade Crypto Through Etoro
14.4.2023
Social trading company Etoro has partnered with Twitter to will allow users of the microblogging platform to invest in cryptocurrencies and other assets. The move is viewed as a step towards turning the social media into a “super app,” a mission under Musk, providing financial and a range of other...
Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America
14.4.2023
The tokenized gold market reached over $1 billion in value last month, the report said
Bitcoin Should Be Central to Regulation of Digital Assets
13.4.2023
U.S. lawmakers should recognize the unique qualities of Bitcoin as they set out market structure for the crypto economy, says John Rizzo
FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange
13.4.2023
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s...
FTX eyes recovery of assets with work for the future in process
13.4.2023
Since FTX’s collapse about four months ago, there has been instability in the cryptocurrency market, forcing holders to follow the wait-watch principle. Things have not been working well for Sam Bankman-Fried since then. He is the former Chief Executive Officer of FTX who has pleaded...
FTX Recovers $7.3 Billion in Assets, Considers Rebooting Exchange in Q2 This Year
13.4.2023
FTX is considering rebooting its platform amid reports that the bankruptcy team has managed to stabilize the situation and recover a huge portion of the missing assets.
The now-defunct crypto exchange has recovered over $7.3 billion in cash and liquid crypto assets, an $800 million increase from...
Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal
13.4.2023
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special...
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
12.4.2023
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC),...
Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview
12.4.2023
Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBC’s Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling scheme and chain letters he received as a child....
FTX has recovered $7.3B in assets, will consider rebooting exchange in Q2 2023
12.4.2023
Sam Bankman-Fried's failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings
MetaPlayerOne’s New Co-Investment and Acceleration Program for GameFi Projects
12.4.2023
PRESS RELEASE. MetaPlayerOne is bringing the power of Web3 communications to GameFi by introducing a new launchpad and standard for NFT game assets. Using this platform and this standard, different GameFi projects can recognize specific smart contract asset holders and rare asset holders, providing...
Ren Protocol transfers all assets to FTX debtors’ wallet in case of shutdown
12.4.2023
Ren Protocol was acquired by Alameda Research in February 2022 to expedite the decentralization of its tech