The decentralized blockchain infrastructure provider, Ankr, has teamed up with Matter Labs to launch dedicated zkSync Era Nodes and Hyperchain blockchain solutions on the Microsoft Azure Marketplace. The main objective is to promote Web3 development growth and enterprise adoption by providing a gateway that is readily accessible to blockchain infrastructure available to Azure’s customers. Ankr’s...Read More
Two separate whales each holding over 9 figures worth of crypto have transferred to holdings to exchanges over the past 24 hours. One whale owned an address that participated in Ethereum’s ICO back in 2014, and hadn’t moved his coins since. As revealed by the Twitter blockchain tracker Lookonchain, an Ethereum ICO participant moved 61,216...Read More
While FTX and SBF, respectively, continue to appear in court, former executives of the defunct crypto trading group have started to pop up elsewhere. Amy Wu, who was previously an executive at FTX Ventures, has since joined Menlo Ventures, a mainstay of Silicon Valley’s venture capital ecosystem. Brett Harrison, who led FTX US before resigning...Read More
Once a fervent and laser-eyed Bitcoin (BTC) bull, Spencer Schiff – son of crypto critic and gold bug Peter Schiff – is now in agreement with his father that Bitcoin’s price is headed to zero. His reasoning, however, greatly differs from his father’s, who he believes is “completely wrong about the economy.” No Longer A...Read More
The cryptocurrency market has been witnessing a significant bullish trend, particularly in the altcoin sector, following Ripple’s partial victory against the U.S. Securities and Exchange Commission (SEC). This legal triumph has not only boosted Ripple’s XRP but also ignited a renewed bullish wave in the altcoin market, with Stellar (XLM) and Bitcoin Cash (BCH) leading...Read More
The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for next spring that is expected to catalyze the largest crypto asset’s price action. Recent data suggested that Bitcoin’s hash rate has increased by nearly 661%...Read More
Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider. The DASP license represents the highest level...Read More
Hong Kong Regulator on crypto exchanges Hong Kong’s rapid embrace of cryptocurrency and Web3 technology reflects significant advancements in mainland China, according to Animoca co-founder Yat Siu. Siu pointed to China’s Web3 whitepaper release in May, showcasing the country’s focus on internet tech. Hong Kong’s crypto-friendly regulations have garnered attention in mainland China, providing a...Read More
The world’s leading cryptocurrency exchange by means of daily traded volume, Binance, is experiencing certain technical issues. As a result, the platform has taken steps to suspend certain market order functions. In a Twitter update, Binance revealed that the platform has temporarily paused certain market order functions for all of the spot and margin trading...Read More
Telegram founder and CEO Pavel Durov disclosed that he holds bitcoin, the largest crypto by market capitalization, and Toncoin (TON), which is independent from Telegram. The CEO also bought a quarter of new Telegram bonds issued by the company. Telegram Issues $270 Million Bonds In a post on his official Telegram channel on Tuesday (July...Read More
The world’s largest cryptocurrency exchange – Binance – completed its 24th quarterly burn of its native token, burning 1,991,854 BNB. The development, carried out every three months, should help the company reduce the overall supply of the coin to 100 million. Binance informed that its most recent BNB burn equaled approximately $484 million. The process also...Read More
On July 18, Ripple announced it had invested in AI and metaverse technology and content company, Futureverse. The move has given a second wind to XRP prices which are outperforming the top 20 crypto assets at the moment. The company has raised $54 million in a Series A round of funding in an effort to...Read More
Faruk Fetih Özer – founder of the once-leading Turkish cryptocurrency exchange Thodex – will spend seven months and 15 days in jail for failing to submit necessary documents to the Tax Inspection Board. He also faces fraud charges about pocketing more than $2 billion in clients’ funds when the platform collapsed in 2021. While Özer...Read More
