Ben 'BitBoy' Crypto Fired From His Own Company In 'Coup' - What's Going On? Source: BitBoy Prominent cryptocurrency influencer Ben Armstrong, founder of BitBoy Crypto, has announced his departure due to an internal coup led by TJ Shedd and Justin Williams. Despite expressing confidence in his position by stating, "Until they can clone me, I have nothing to worry about," Armstrong confirmed his departure on his joinBENCoin account, which […]
Crypto Industry Positioned for Growth After Market Turbulence, Says Circle CEO Jeremy Allaire Source: Circle / Canva Despite a challenging year for the sector, Circle CEO Jeremy Allaire remains optimistic about the potential for growth and transformation in digital assets over the coming years – including on the regulatory front. During a newly published interview with Fortune, Allaire drew parallels between crypto’s volatility and historical technological booms and […]
Exclusive: Galxe Set To Launch a Permissionless Self-Sovereign Identity Infrastructure, Galxe Protocol
South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million Source: AdobeStock / Alexander South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September. The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen incidents such as hacks or system failures. […]
Blockchain Bettors Favor Vivek Ramaswamy Over Ron DeSantis as Strong Trump Challenger Post-GOP Debate Source: FOX News During Wednesday's first debate for the 2024 U.S. Republican presidential nomination, candidates aimed to shift attention away from non-participating former President Donald Trump. Nevertheless, much of the spotlight remained on political newcomer Vivek Ramaswamy. Former President Donald Trump and Florida Gov. Ron DeSantis have been prominent figures in the Republican presidential nomination […]
Binance Discontinues Peer-to-Peer Service with Sanctioned Russian Banks – Here's the Latest Source: ShutterStock Binance has ended its relationship with five Russian banks under sanctions on the exchange's peer-to-peer service for ruble fund transfers. Binance received criticism from The Wall Street Journal (WSJ) on August 22 for offering sanctioned Russian banks like Tinkoff and Rosbank as transfer options. This raised concerns about potential sanctions violations, as Binance […]
US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption? The US Department of the Treasury and Internal Revenue Service (IRS) on Friday released new proposed regulations that would require the brokers of digital assets to report certain sales and exchanges in an effort to crack down on tax cheats, as well as to assist law-abiding taxpayers know how much they owe. As per an […]
Exodus Records Solid Q2 with $12.4 Million Revenue – Crypto Wallets Making a Comeback? Source: Adobe / Ascannio Crypto wallet company Exodus recorded a revenue of $12.4 million in the second quarter, experiencing a 4% decline compared to the previous year, the company announced on Tuesday. Despite the revenue dip, Exodus achieved a net income of $1.9 million, a significant outcome that was influenced by cost reductions of 6% […]
Bitfinex Crypto Exchange Collaborates with Turkey's Second-Largest Bank to Offer Free Turkish Lira Deposits Source: Adobe / Givaga Crypto trading platform Bitfinex has unveiled a feature that allows its Turkish customers to directly deposit Turkish Lira into their accounts without incurring any charges. The move is part of a collaborative effort with Vakıfbank, the nation’s second-largest bank. This initiative both strengthens Bitfinex's foothold in the Turkish market but also […]
Cybersecurity Breach at Kroll Affects FTX and BlockFi Claimants' Data Source: Shutterstock A cybersecurity breach at FTX’s bankruptcy claims agent Kroll has compromised user data from both FTX and the bankrupt crypto lender BlockFi. The compromised data consisted only of “non-sensitive” customer information, FTX said on X on Thursday, stressing that account passwords were not stored on Kroll’s servers. The bankrupt exchange added that its […]
NFL and Mythical Games Unveil NFL Rivals: The First Web3-Powered NFL Game Source: mythicalgames.com Web3 game studio Mythical Games officially launched the first Web3 technology-powered, NFL-licensed game. 'NFL Rivals'. On August 24, the Kickoff program went live - "bringing the Mythical Marketplace to the NFL Rivals app for all players to participate in the game economy we’re all building together," a blog post said. This will be […]
Popular Decentralized Exchange 1Inch Partners with Coinbase's Base Network to Expand Liquidity Aggregation Source: iStock Popular Decentralized exchange aggregator 1inch partners with Coinbase's Ethereum Layer 2 network Base to deploy its 1inch Aggregation Protocol and the 1inch Limit Order Protocol. With the mainnet launch of Base on August 9th, exchanges like Uniswap, Balancer, and SushiSwap have just joined the Network. As part of this development, 1inch has been […]
Magnate Finance Website Goes Offline as Users Fear $6.4 Million Exit Scam Source: Pixabay Magnate Finance on Base has deleted its Telegram group and took its website offline earlier today, sparking fears of a yet another exit scam. Magnate Finance, which holds $6.4 million in Total Locked Value, has ties with other financial exit scams. Blockchain analyst ZachXBT also warned of a likely exit scam by Mangate […]
South Korean Crypto Murder Case Takes New Twist – Suspect: ‘My Confession Was False’ Source: Alexey Novikov/Adobe A bizarre South Korean crypto-related murder case has taken a new twist, with one of the chief suspects telling a court his initial confession was “false.” The case revolves around a woman who was apparently abducted from a busy street in Seoul’s affluent Gangnam District in March this year. The woman was […]
Stateless Blockchains: The Future, or Just a Mirage? Image by Gerd Altmann from Pixabay In an article released today by a16zcrypto, researchers Miranda Christ and Joseph Bonneau shed light on the intricate challenges of implementing stateless blockchains. Their extensive research delves deep into the complexities of the topic, offering a fresh perspective that promises to shape forthcoming debates in blockchain technology. In this […]
Exclusive: 'Pioneering' Virtual Rally in Support of Julian Assange to Launch in Metaverse - Not to Replace But 'Heavily' Promote Real-Life Protests, Organizers and Wistaverse Co-founder Said in Interview Free Assange Virtual Rally. Source: Wistaverse, Don’t Extradite Assange Campaign The campaign to stop the extradition of Julian Assange will launch the first-ever virtual political rally this Saturday in the Wistaverse metaverse. The organizers and the Wistaverse co-founder spoke to Cryptonews about the importance of holding a protest in this novel space, the difference between […]
EU Officials Provide Ukrainian Police ‘Crypto Crime’ Training Source: rospoint/Adobe Ukrainian police officers are receiving crypto crime investigation training from EU officials, with the nation continuing to streamline its crypto and blockchain policy with Brussels. Per a Bureau of Economic Security (BEB) release, law enforcement officers in Lviv, Ukraine, attended an “international seminar” organized by the European Union Advisory Mission (EUAM). The bureau […]
Binance.US Launches Enhanced USD On-Ramps: Buy & Sell Crypto Using USDT Source: Adobe / Binance Binance.US, now a crypto-only platform for two months, has partnered with crypto payments company MoonPay to allow users to buy and sell crypto using the US dollar-pegged stablecoin Tether (USDT). On August 22, the crypto exchange declared USDT the new "base asset" for all transactions. This collaboration with MoonPay follows Binance.US's […]
Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
Binance Pay Steps into Brazil: Simplifying Crypto Payments for Businesses – Crypto Adoption on the Rise?
Atomic Wallet Investors Files Lawsuit For “Non Disclosure” Following $100 Million Hack Source: Pixabay A number of Atomic Wallet investors have filed a class action lawsuit against the company over its failure to disclose information about the hack which resulted in $100 million. According to a report by German BNE IntelliNews on Aug. 21, the plaintiffs make up high network individuals from Russia and the Commonwealth of […]
Coin Center Sends Letter to Congress Seeking Clarity on Crypto Tax Regulations Source: Adobe / Felix Tchvertkin Crypto policy think tank Coin Center has sent a formal letter to Senate Finance Committee Chairman Ron Wyden and Finance Committee Ranking Member Mike Crapo, advocating for clear and reasonable tax policies for digital assets. “Governments should state clearly and in detail how cryptocurrency transactions will be taxed as this […]
Report: Australia Explores CBDC Use Cases in Four Key Areas, Says Technology is “Some Years Away” Source: Shutterstock The Reserve Bank of Australia (RBA), the country’s de-facto central bank, released the findings of its central bank digital currency (CBDC) pilot project which has the potential “to support increased efficiency and resilience in some areas of the payments system”. Per a report released on Wednesday, the central bank warned that more research […]
