Deutsche Telekom partners with Polygon, becomes POS validator Deutsche Telekom has joined Polygon as a network validator. The telecommunications giant’s subsidiary Deutsche Telekom MMS will offer staking services to Polygon POS and Supernets. Deutsche Telekom MMS provides validation and staking services on Ethereum, Flow and Chainlink among other chains. Deutsche Telekom, the Germany telecommunications giant that has recently been actively expanding its footprint […]
Tether invests in renewable energy for Bitcoin mining in Uruguay Tether will invest in the project through a partnership with a local licensed company. Uruguay generates 94% of electricity from renewable energy sources Tether recently said it would invest profits into buying Bitcoin. Tether, the issuer of leading stablecoin USDT, has revealed an investment into renewable energy production to support sustainable Bitcoin (BTC) mining in […]
Circle launches its euro-backed stablecoin on Avalanche The euro-backed stablecoin will bring more liquidity to the Avalanche network, Circle said in a press release. Developers using USDC can now easily integrate Euro Coin. Wallets that support Euro Coin on Avalanche include Coinbase Wallet and MetaMask. Circle, the issuer of the USDC, has launched its other fiat-backed stablecoin Euro Coin on Avalanche, a […]
TON launches $25 million accelerator for emerging projects Projects will receive between $50,000 and $250,000 from the $250 million Toncoin Fund. The program will offer partnership and mentorship support, with multiple leading firms available to projects. TON Accelerator Program will draw funding from the $250 million ecosystem fund dubbed TONcoin Fund. In crypto news today, The TON Foundation, the organisation behind the The […]
Crypto exchange Hotbit shuts down Hotbit has announced that it will be halting its operations as from 22 May 2023. The exchange cites the deterioration in operating conditions and the change in the cryptocurrency exchange trends among reasons for the decision. The exchange has asked its users to withdraw their funds before June 21, at 4:00 am UTC. Hotbit, a […]
Swiss fintech platform Acredius launches on Cardano The integration will allow Acredius’ investors to use Cardano’s cryptocurrency, ADA, to invest in SMEs. Acredius will also deploy smart contracts on the Cardano blockchain, allowing for the tokenization of loans. ADA price has struggled to break above $0.37 since the rejection at around $0.46 in mid-April. Acredius, a Swiss lender that provides financing to […]
Robert F. Kennedy Jr. Says COVID Protests Led Him to Bitcoin The freedom to transact is as important as freedom of expression, says Robert F. Kennedy Jr—and it was the reaction to the COVID-19 pandemic that brought him to this realization. The Democratic presidential candidate spoke today in Miami at Bitcoin 2023 in his first public appearance as a candidate and the conference's most anticipated event […]
Las Vegas Man Charged in CoinDeal $45M Crypto Fraud Case Authorities today hit a Las Vegas man with charges related to the CoinDeal crypto fraud scheme. The U.S. Department of Justice alleged on Friday that 57-year-old Bryan Lee worked with others to defraud more than 10,000 investors out of $45 million. Investigators say CoinDeal was a blockchain technology investment scheme which involved a new cryptocurrency […]
Bitcoin Miner 30% Excise Tax 'Isn't Going to Happen', Says Cynthia Lummis The 30% excise tax that President Joe Biden has proposed for Bitcoin miners? "That isn't going to happen," said Sen. Cynthia Lummis. She was speaking to Chamber of Digital Commerce founder and CEO Perianne Boring during a fireside chat at the Bitcoin 2023 conference in Miami. Boring had just brought up the possible tax and […]
Miami International Securities Exchange acquires FTX subsidiary LedgerX The Miami International Securities Exchange (MIAX) is owned by Miami International Holdings (MIH). The acquisition deal was announced in April and approved by the bankruptcy judge on May 4. LedgerX is one of the FTX assets the bankruptcy court approved for sale in January. The Miami International Securities Exchange (MIAX) has today completed acquiring LedgerX, […]
Stablecoin Issuers Pour Money Into DC as Crypto Legislation Hits Agendas Stablecoin issuers have poured hundreds of thousands of dollars into lobbying US lawmakers since the start of last year, records show, at a time when legislation of the sector looks to be back on the agenda. The industry’s biggest issuers Tether and Circle have spent more than a million dollars between them, according to filings […]
'So Much Anger, So Much Hate', Says Ledger Co-Founder Amid Botched Recover Service Launch It’s been a brutal 72 hours for Ledger since it launched its Recover service. "What a horrible mess," Éric Larchevêque, Ledger co-founder, said on the CryptoCurrency subreddit. "I'm devastated to come on this subreddit, that I created nine years ago, to see images of Ledger devices burning, insults, and lot and lot of anger. I'm […]
Australia’s Stock Exchange ASX Axes Blockchain Initiative—for Good After seven years of development, Australian Securities Exchange (ASX) has finally abandoned plans to use blockchain technology or related distributed ledger technology (DLT) for revamping its existing Clearing House Electronic Subregister System (CHESS) At a May 17 meeting, ASX exchange project director Tim Whiteley said that while the exchange continues to explore all the options, […]
Coinbase Finally Launches Subscription Service Overseas, Focuses on Staking Coinbase today announced the launch of its subscription service, Coinbase One. In a Thursday blog post, the San Francisco-based cryptocurrency exchange said users would be able to pay a monthly bill in order to get trading fees slashed. The service will also give customers access to 24/7 customer support and lower commissions for staking, Coinbase […]
Seizing Upon Ledger Stumble, Hardware Wallet Competitors Offer Discounts After yesterday’s controversial update, competitors are capitalizing on Ledger's terrible, horrible, no-good-very-bad day by attempting to court its disillusioned customers with discounted prices on their offerings. In a stroke of rapid strategic marketing, four of Ledger’s main rivals were quick to respond to the community’s pushback to the update, and slashed prices on their products. […]
Judge Denies Motion to Seal Hinman Documents in Ripple SEC Case Ripple may have just scored a win against the SEC. The crypto firm has been tied up in a lawsuit with the SEC for several years after the Commission accused Ripple of illegally selling the XRP token without registering it as a security. Part of the legal battle has centered around a controversial 2018 speech […]
Celeb-backed Token Offerings More Likely to Be a Scam, Research Reports New research shows that there is a link between celebrity endorsement of a crypto project and the likelihood of it being a scam. The research titled "The Effect of Celebrity Endorsements on Crypto" conducted by two former SEC economists—Joshua T. White and Sean Wilkoff—investigated the effects of celebrities boosting various ICOs. They found that “celebrity-endorsed […]
DeFi Debt Tokens? They're Outperforming Bitcoin and Ethereum in 2023 Tokenized versions of real world assets, like commodities and real estate, have outperformed Bitcoin and Ethereum so far in 2023, according to a new report from blockchain analytics firm Nansen. The report delves into the terrain of real world assets, or RWAs, and how they are being onboarded onto blockchains through various instruments. It also […]
SEC Alleges Jump Trading Propped Up Terra Prior to Collapse As early as February, an anonymous source had claimed that Jump Trading was the company targeted by the SEC for having artificially maintained parity for Terra's stablecoin with the dollar throughout 2021. Now, according to new court filings from the Securities and Exchange Commission (SEC), the high-frequency crypto trading firm Jump Trading propped up Do […]
EU Finance Ministers Give Final Go-ahead to MiCA The European Union’s landmark crypto regulation has passed its final legislative hurdle, with the unanimous approval of European finance ministers. Members of the EU’s Economic and Financial Affairs Council (EcoFin) adopted the Markets in Crypto Assets (MiCA) with no objections in a meeting on Tuesday. EcoFin consists of the finance and economic ministers of all […]
