Robinhood’s cryptocurrency trading volume hit $3.7 billion last month, a 95% increase compared to December 2022. Contrary to the good start of the year, the 2022 bear market took its toll on the firm’s crypto revenue. It also dismissed nearly a third of its total headcount. Starting off on the Right Foot The cryptocurrency market...Read More
Leading cryptocurrency exchange Binance had “gaps” in regulatory compliance in the first few years after its launch in 2017, the company’s Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview. Hillmann revealed that Binance had missteps during the implementation of its security measures, such as the Know-Your-Customer (KYC) protocol and...Read More
The Securities and Exchange Commission (SEC) just voted to propose new amendments affecting rules around crypto asset custody in the United States – and commissioner Hester Peirce (aka “Crypto Mom”) is not a fan. Peirce believes the proposed rules could leave crypto investors more vulnerable to theft and fraud, contrary to their intent. Crypto Mom’s...Read More
The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency. Nigeria is currently facing a shortage of physical cash after the CBN redesigned its banknotes, causing the old bills of the local naira currency to become...Read More
The Securities and Exchange Commission (SEC) has always been on Crypto crackdown on crypto companies and 2023 crypto crackdown started with Kraken. The SEC charged Kraken for not registering their sale of the crypto staking programme after which the exchange agreed to shut down the programme. The recent one comes with the crackdown of Paxos...Read More
Avraham Eisenberg, the 27-year-old Puerto Rico man who made over $100 million by exploiting the decentralized finance (DeFi) protocol Mango Markets in October 2022, is seeking to keep part of the funds as a bug bounty. In a court document filed at the US District Court for the Southern District of New York on Wednesday,...Read More
The popular memecoin Floki Inu (FLOKI) has been one of the best performers in the cryptocurrency market lately, surging nearly 410% in the last 30 days. Here are some of the potential reasons behind the massive price expansion. Burning Proposal and More Attention From Whales The team behind the project recently contemplated burning around 5 trillion...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, 16th February 2023] LandX, the decentralized Perpetual Commodity Vaults Protocol, has announced the successful completion of a security audit conducted by Quantstamp, a leader in blockchain security solutions. The audit included a comprehensive review of LandX’s smart contracts. The audit process was conducted over a period of several...Read More
The past 24 hours have seen the entirety of the crypto market trade in the green as Bitcoin’s price reached a high of just around $25K. The last time BTC traded around this level was back in August 2022, and the market seems ecstatic. But why did Bitcoin pump? Mystery Bitcoin Whales Behind the Rally?...Read More
The 11th Edition of the Global Blochian Congress is set to return on March 6th and 7th, 2023 in Dubai, UAE. The event will be hosted by the Agora Group. The theme of this edition is: “Resiliency and Adaptability”. The Global Blockchain Congress leverages the experience gained through hosting the first 10 editions of the...Read More
Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds. The push for this change in legislation is due to the recent failures of crypto platforms to safeguard users’ assets from both cyberattacks and bankruptcy. The SEC argues that the reckless financial behavior exhibited by FTX, Celsius, and the...Read More
[PRESS RELEASE – Toronto, Canada, 15th February 2023] Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in...Read More
The Galaxy Digital founder and chief executive said he expects Bitcoin prices to reach $30,000 by the end of March. Speaking at a Bank of America conference on Feb. 15, Novogratz said: “When I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn’t...Read More
Tom Dunleavy – Senior Research Analyst at Messari – thinks there is a bright future for the blockchain platform Polygon. It has shown significant growth over the past few years, increasing the number of its developers and attracting some major institutions. Dunleavy took it to Twitter to lay out the most notable recent achievements of...Read More
