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Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total
26.5.2024
Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin miners due to its high energy consumption, has already...
Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets
24.5.2024
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance (SFO) and the Anti-Money Laundering...
Major Corporations Embrace Crypto: A Look at the Biggest Companies in the Crypto Space
23.5.2024
In this article, we will explore several major corporations that have strategically integrated cryptocurrencies and blockchain technology into their operations.
The post Major Corporations Embrace Crypto: A Look at the Biggest Companies in the Crypto Space appeared first on Cryptonews
Gate.io Pulls Plug on Hong Kong Venture, Abandons Trading License Application
23.5.2024
Gate.io's Hong Kong entity, Gate.HK, is winding down its operations. It has also withdrawn its application for a crypto trading platform license in the region.
The post Gate.io Pulls Plug on Hong Kong Venture, Abandons Trading License Application appeared first on Cryptonews
Florida Court Grants Relief to Binance.US, Suspension Overturned
23.5.2024
A state appeals court ruled Wednesday that Florida regulators acted improperly when they blocked Binance from operating in the state. The decision effectively means Binance can now resume operations there.
The post Florida Court Grants Relief to Binance.US, Suspension Overturned appeared first...
Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator Says
22.5.2024
Privacy Commissioner for Personal Data personnel visited 10 of the project's locations in December and January
Worldcoin Ordered to Cease Operations in Hong Kong Over Privacy Compliance Issues
22.5.2024
Hong Kong’s privacy watchdog on Wednesday instructed OpenAI founder Sam Altman’s Worldcoin project to halt all activities in the region. This includes scanning and collecting iris and facial images from the public using iris-scanning devices.
The post Worldcoin Ordered to Cease Operations in Hong...
Worldcoin ordered to stop operations in Hong Kong
22.5.2024
The PCPD ruled that Worldcoin’s retention of sensitive biometric data, including face and iris images, for up to 10 years solely for AI model training was unjustified
Tether and TON Partner with Oobit for USDT-to-Fiat Transactions via Mobile App
16.5.2024
Tether Operations Limited, the largest entity in the digital asset ecosystem, announced a strategic partnership with Oobit, a mobile payment app, and the TON Foundation on May 16.
The post Tether and TON Partner with Oobit for USDT-to-Fiat Transactions via Mobile App appeared first on Cryptonews
Bitcoin Lightning Payments Service Provider, Ibex Pay, to Suspend US Operations
16.5.2024
Ibex Pay, a payment rail that accepts Bitcoin payments via the Lightning Network, announced on May 15 that it will cease operations in the U.S. The payment firm stated that the suspension of services for the U.S. market will take effect on May 31, but did not provide reasons for the decision....
Sonne Finance Suffers $20M Exploit, Hacker Flees
15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees.
The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews
Stablecoin Issuer Circle Plans US Transition for Legal Operations, Leaving Ireland Base
15.5.2024
Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US. Bloomberg reported on Wednesday that the company recently filed court paperwork to re-domicile.
The post Stablecoin Issuer Circle Plans US Transition for Legal Operations, Leaving Ireland Base appeared...
Bitcoin Miners Begin Curtailing Operations After Halving, Data Shows
13.5.2024
As analysts predicted, less efficient Bitcoin miners are powering off under tighter post-halving profit margins.
The post Bitcoin Miners Begin Curtailing Operations After Halving, Data Shows appeared first on Cryptonews
Japanese Crypto Platform SBI VC Trade Begins Validator Node Operations on XRP Ledger
10.5.2024
SBI VC Trade Co., Ltd., a Japanese crypto-asset trading platform, has announced the commencement of its operation as a validator node on the XRP Ledger blockchain. This move aims to earn recognition for reliable performance from the XRP Ledger community and to be selected in the Unique Node List...
Austrian Firm Bitpanda Expands to UAE Hiring Former 1inch Exec to Lead Ops
7.5.2024
Austrian crypto exchange Bitpanda is expanding its operations to the Middle East and opening a regional office in the United Arab Emirates (UAE).
The post Austrian Firm Bitpanda Expands to UAE Hiring Former 1inch Exec to Lead Ops appeared first on Cryptonews
Ore wins Solana hackathon despite disrupting Solana’s network in April
7.5.2024
A sudden rise in Ore mining transactions was one of the main culprits behind Solana’s April congestion issue where up to 70% of non-vote transactions were being rejected
SEC Issues Wells Notice to Robinhood Over Crypto Operations
6.5.2024
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement...
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
6.5.2024
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market....
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
2.5.2024
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business
Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges
30.4.2024
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will...