Rostin Benham – Chairman of the Commodities and Futures Trading Commission (CFTC) – says that an Illinois court has formally ruled both Bitcoin (BTC) and Ethereum (ETH) to be commodities, all but settling the CFTC’s crypto turf war with its sister agency. “In its decision, the court re-affirmed that both Bitcoin and Ether are commodities...Read More
Wallets linked to the CoinStats exploiter recently moved almost $1 million in Ether into the controversial crypto mixing protocol Tornado Cash. The latest development comes less than a week after the leading crypt tracker said that investigations are underway. Tornado Cash Inflow Blockchain security firm CertiK flagged that two wallets associated with the CoinStats exploit...Read More
In response to the U.S. Department of Justice’s decision to file a charge of Bank Secrecy Act (BSA) violation against HDR Global Trading Limited (HDR), the entity owning and operating BitMEX, we would like to share the following statement: The BSA charge is old news – this is the same charge brought in 2020 against...Read More
[PRESS RELEASE – Brussels, Belgium, July 10th, 2024] SKALE is enhancing scalability and efficiency for over 10 million monthly active users, solidifying its position as one of the world’s most efficient blockchains. SKALE, the gas-less EVM-compatible modular blockchain network, today launched the Pacifica V3 upgrade which accelerates block mining speed by 108% and increases transaction...Read More
Ethereum 2.0 staking has seen significant growth, and a major milestone has been reached. As such, the deposit contract for staking Ethereum on the Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this accounts for 33.9% of the entire Ethereum supply. ETH2 Staking Milestone According to the data shared by...Read More
[PRESS RELEASE – San Francisco, United States / California, July 10th, 2024] Revolutionizing Multi-Blockchain Coordination with Seamless User Interactions Agoric, a layer 1 blockchain designed for chain abstraction, has today announced the roll-out of its Orchestration API. With this new toolset, developers can create next-gen Web3 applications that seamlessly coordinate digital assets and services across...Read More
[PRESS RELEASE – Paris, France, July 10th, 2024] The pioneering company behind Usual, Usual Labs, an innovative protocol bridging traditional and decentralized finance (DeFi) through its first USD0 stablecoin, is thrilled to announce the commencement of its public pre-launch phase. This milestone follows a fruitful private launch, during which Usual Labs secured an impressive $75...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, July 10th, 2024] Bybit, the world’s second-largest crypto exchange by trading volume, continues to lead the digital asset revolution with CEO Ben Zhou’s influential presence at the Point Zero Forum 2024 in Zurich, Switzerland. This prestigious annual event brings together visionaries in finance, policy, and technology to shape...Read More
With the crypto market sustaining above the $2 Trillion cap, Bitcoin and altcoins are paving the way for a new bull run. As the broader market recovery continues to gain momentum, these Solana-based altcoins are posed for massive gains. While the Solana network gives recovery signals and the SOL token aims to surpass $150, the...Read More
[PRESS RELEASE – Vilnius, Lithuania, July 10th, 2024] WhiteBIT CUP 2024 is a groundbreaking event in the crypto world, celebrated for its uniqueness and exclusivity. This event not only highlights WhiteBIT’s innovative approach but also marks a significant milestone in expanding business connections and penetrating international markets. It showcases WhiteBIT’s ability to create exceptional and...Read More
The investment bank’s crypto division, Zodia Markets Ltd., is discussing acquiring part of Elwood Capital Management Ltd. The firm is backed by billionaire hedge fund manager Alan Howard, and the deal is expected to be completed this month, according to a July 9 Bloomberg report citing people familiar with the matter. Elwood Capital offers over-the-counter...Read More
Paxful’s co-founder and former chief technology officer (CTO), Artur Schaback, pleaded guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program as required by the Bank Secrecy Act. In a statement, the US Department of Justice’s (DOJ) Office of Public Affairs revealed that Schaback failed to collect necessary KYC...Read More
