April 21, 2023

Gemini Strengthens its Presence in Asia With a New Office in India

The US-based cryptocurrency exchange – Gemini – announced plans to establish a new engineering hub in Gurgaon, India. This will be the company’s second Asian location, as previously it opened an office in Singapore. The expansion outside the US coincides with the regulatory uncertainty in the States. The CEO of Coinbase – Brian Armstrong –...
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Californian Regulator Takes Action Against AI-Based Alleged Crypto Ponzi Schemes

The Californian Department of Financial Protection And Innovation (DFPI) issued cease and desist orders against five companies profiting from the hype around AI to attempt to dupe gullible investors. All Hype, Little Info According to the regulator, all five companies violate securities law by offering unregistered securities to the public. Scammers like to deceive investors...
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Coinbase CEO Slams SEC, Says Gensler-Led Agency Caused Untold Harm to the US

The crypto community has left no stone unturned in lambasting the US Securities and Exchange Commission (SEC) and, more importantly, its Chief Gary Gensler. The latter’s actions were dissented by members of his own agency. Gensler even received political pushback for his actions. But the SEC boss continued to defend the crackdown on digital assets...
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Global De-Dollarization and the Role of Bitcoin: Arthur Hayes

Could the US dollar lose its status as the global reserve currency? BitMEX co-founder Arthur Hayes doesn’t rule out the possibility and believes it’s a question worth considering for those looking to preserve their wealth.  The former exchange CEO published an essay on Thursday exploring the economics and role of the dollar worldwide, and how...
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Coinbase Prepares to Launch Base’s Mainnet in 2023 Amid Regulatory Pressure in the US

As the crypto industry continues to expand, Coinbase, one of the industry’s most prominent exchanges, has been making steady progress with its Ethereum Layer 2 solution, Base. Launched in February as a platform that simplifies app development and integration with the Coinbase product suite, Base has been operating on testnet and is now preparing for...
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FTX-Linked Project Serum Shilling Shitcoins on Twitter: Report

According to on-chain sleuth Zachxbt, the official Twitter account of the Solana-based decentralized finance project Serum, which had over 200,000 followers, has been renamed ‘Luka.’ The original Serum account is speculated to have been sold to a different user since all the previous tweets have been deleted. Sharing a screenshot of the account, ZachXBT revealed...
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Guide To Earning Passive Income Through Cryptocurrency Cloud Mining

Cryptocurrency mining has always redeemed people who refrain from crypto trading due to several risks. But with time, crypto mining difficulty has increased as the expense of operating miners gets out of hand. The reasons for that are: Crypto mining requires a lot of energy. Mining rigs and other equipment are way too expensive. The...
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Rich Dad, Poor Dad Author Explains Why He Loves Bitcoin

Robert Kiyosaki, an accomplished American investor, businessman, motivational speaker, and author of the bestselling book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and lauded its ability to withstand the test of time. According to Kiyosaki, the success of Bitcoin can be attributed to its decentralized nature, as it is driven by...
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Ethereum Post-Merge: Over 100K Coins Eliminated From ETH’s Supply

The Merge represented the Ethereum network’s transition from proof-of-work to proof-of-stake. 218 days later, more than 103,092 ETH has been eliminated from the supply of the world’s largest altcoin. At current prices, this amounts to a little over $197 million. Deflation on the network is on the rise as the supply declined by 0.146% per...
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Pink Moon Studios Launches its Free-to-Play Mode for KMON Genesis

[PRESS RELEASE – Singapore, Singapore, April 20th, 2023] Rebranding from Kryptomon to KMON Genesis, the move will significantly lower the barriers of entry to one of the world’s most popular web3 games. Today, Pink Moon Studios, a leading web3 gaming company, announced the launch of a free-to-play mode for its renowned strategy game, KMON Genesis...
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ETH Price Retreats as Nearly $1B in Kraken Staked Ethereum is Withdrawn

Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange. On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH...
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EU Lawmakers Give Final Approval to the MiCA Crypto Legislation

The Parliament of the European Union gave its official blessing to the Market in Cryptoassets (MiCA) – a regulatory framework that could set clear standards in the industry. The approval comes approximately five months after the infamous FTX collapse and aims to protect investors from such failures. ‘Stringent Rules are Very Much Needed’ The EU...
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Bitcoin (BTC) $ 97,959.25 4.54%
Ethereum (ETH) $ 3,145.16 1.14%
Tether (USDT) $ 1.00 0.20%
Solana (SOL) $ 241.19 1.32%
BNB (BNB) $ 609.14 0.90%
XRP (XRP) $ 1.11 1.57%
Dogecoin (DOGE) $ 0.382562 2.04%
USDC (USDC) $ 0.999889 0.14%
Lido Staked Ether (STETH) $ 3,147.87 1.35%
Cardano (ADA) $ 0.787312 5.07%