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LayerZero Labs Vows to Exclude Sybil Farmers From Upcoming Airdrop
6.5.2024
LayerZero Labs, a renowned cross-chain interoperability protocol, has vowed to tackle the issue of sybil farmers ahead of its highly anticipated airdrop.
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Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study
6.5.2024
A recent study conducted by Visa and Allium Labs has found that more than 90% of stablecoin volumes do not originate from genuine users.
The post Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study appeared first on Cryptonews
Jack Dorsey Departs Bluesky’s Board, the Decentralized Social Media Platform He Co-Founded
6.5.2024
Jack Dorsey has stepped down from Bluesky's board, the decentralized social media platform he originally envisioned and funded back in 2019 during his tenure as CEO of Twitter.
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Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month
6.5.2024
For the second month in a row, crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry.
The post Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month appeared first on Cryptonews
Internet Computer Launches ckUSDC Sepolia, an ICP Copy of USDC in ckERC20 Token Standard
5.5.2024
The testing version of the ckETH minter on Internet Computer (ICP) mainnet has been upgraded, now featuring the Sepolia version of the USDC token.
The post Internet Computer Launches ckUSDC Sepolia, an ICP Copy of USDC in ckERC20 Token Standard appeared first on Cryptonews
Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days
5.5.2024
After a prolonged period of continuous outflows, Grayscale's Bitcoin Trust ETF recorded its first day of net positive inflows.
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Kraken Unit CEO Predicts Hong Kong Crypto ETFs to Surpass $1 Billion AUM by 2024
3.5.2024
The CEO of CF Benchmarks predicts that crypto ETFs in Hong Kong will overcome their lackluster start and accumulate over $1 billion in AUM by the end of 2024.
The post Kraken Unit CEO Predicts Hong Kong Crypto ETFs to Surpass $1 Billion AUM by 2024 appeared first on Cryptonews
Vodafone Aims to Use SIM Cards to Facilitate Crypto Transactions on Mobile Phones
3.5.2024
Telecommunications company Vodafone is taking steps to leverage SIM card technology in order to meet the expected surge in demand for cryptocurrency transactions on mobile phones.
The post Vodafone Aims to Use SIM Cards to Facilitate Crypto Transactions on Mobile Phones appeared first on Cryptonews
Reps. Nickel and Flood Advocate for SEC Approval of Options on Spot Bitcoin ETFs
3.5.2024
US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay.
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Coinbase Reports Impressive Q1 Revenue of $1.6 Billion, Up 72% Quarter-on-Quarter
3.5.2024
Coinbase has reported a remarkable revenue of $1.6 billion in the first quarter of the year, representing a substantial 72% increase compared to the previous quarter.
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MoonPay Expands Crypto Trading Options with Integration of PayPal Transactions
2.5.2024
The partnership enables users to buy and sell over 100 cryptocurrencies, including Bitcoin and Ethereum, using PayPal transfers via wallet, bank transfers, or debit cards.
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Former FTX Europe Head Sets Record with $1.5M Purchase of Titanic’s Richest Passenger’s Gold Pocket Watch
2.5.2024
Patrick Gruhn, the former head of FTX Europe, has acquired a gold pocket watch from the Titanic for nearly $1.5 million, marking the highest amount ever spent at auction on a piece of Titanic memorabilia.
The post Former FTX Europe Head Sets Record with $1.5M Purchase of Titanic’s Richest...
Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest
2.5.2024
Nigeria's first crypto exchange, Patricia Exchange CEO Fejiro Hanu, has refuted rumors of the exchange's closure, dismissing them as media sensationalism aimed at generating clicks.
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Ukrainian Cybercriminal “Rabotnik” Sentenced to 13 Years for Orchestrating $700M Worth of Ransomware Attacks
2.5.2024
Yaroslav Vasinskyi, a Ukrainian national known as "Rabotnik," has been handed a prison sentence of 13 years and seven months for his role in ransomware attacks.
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Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
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BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals
2.5.2024
The spot Bitcoin ETFs in the United States have witnessed record net outflows, with BlackRock's iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.
The post BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals appeared...
Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin
2.5.2024
Tether's net equity stood at an impressive $11.37 billion as of March 31, a substantial increase from the previous record of $7.01 billion worth of equity at the end of the quarter in December 2023.
The post Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin...
Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
2.5.2024
The allegations against Block include inadequate customer information collection, processing transactions involving countries under U.S. sanctions, and facilitating cryptocurrency transactions for terrorist groups.
The post Jack Dorsey’s Block’s Crypto Unit Under Investigation Over...
US Lawmakers Introduce New Bill For Clarification on Taxation of Staking Rewards
2.5.2024
The bill aims to clarify the tax treatment of staking rewards, proposing that they should only be taxed at the time of their sale rather than upon acquisition.
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Curve Finance Rewards Security Researcher $250,000 for Uncovering Critical Vulnerability
1.5.2024
Popular DeFi protocol Curve Finance has awarded a security researcher $250,000 for discovering a critical vulnerability that has historically enabled hackers to siphon off millions of dollars from cryptocurrency protocols.
The post Curve Finance Rewards Security Researcher $250,000 for Uncovering...