10 Best UK Crypto Exchanges for 2024 – Tried & Tested
Are you searching for the best UK crypto exchanges to use for trading in 2024? Whether you’re just dipping your toes into digital assets or a seasoned trader, finding the right platform to suit your needs is paramount. With many options available, it can take time to discern which one aligns with your requirements. I […]
Kraken files motion to dismiss the ongoing SEC lawsuit
Kraken, a leading cryptocurrency exchange, is embroiled in a legal dispute with the United States Securities and Exchange Commission (SEC), contesting what it views as a precedent-setting lawsuit that could significantly expand the SEC’s regulatory authority. On February 22, Kraken filed a motion to dismiss the lawsuit in a San Francisco federal court, arguing that […]
HectorDAO surrenders control to court-appointed firm
Interpath Limited, an insolvency consultancy firm also known as Interpath Advisory, has assumed control over the treasury and social media channels of the Hector decentralized autonomous organization (Hector DAO) as of February 21. This move follows a $2.7 million hack in January, which prompted concerns among investors regarding the security and management of the DAO’s […]
Block reveals Bitcoin-boosted earnings in its Q4 2023 report
Block, a leading fintech company spearheaded by former Twitter CEO Jack Dorsey, recently unveiled its fourth-quarter 2023 earnings report, showcasing robust performance fueled by Bitcoin sales through its Cash App. The firm reported a substantial gross profit of $66 million from Bitcoin transactions, marking an impressive 90% surge compared to the previous year. Block registers […]
Argentina set to regulate crypto exchanges via an executive order
The Argentine government is taking proactive steps to regulate cryptocurrency service providers, signaling a shift towards tighter oversight in the crypto sector. This move comes amidst efforts to prevent Argentina from falling back into the gray list of the Financial Action Task Force (FATF), where it was previously listed from 2010 to 2014 due to […]
European Central Bank officials discuss the value of Bitcoin
European Central Bank (ECB) officials Ulrich Bindseil and Jürgen Schaaf have remained steadfast in their skepticism towards the recent approval of spot Bitcoin ETFs in the United States. Despite the Securities and Exchange Commission’s nod to 11 spot Bitcoin ETFs in January, which subsequently attracted over $3 billion in net flows and more than $1 […]
X responds to the Indian government’s executive orders
In recent developments, X, previously known as Twitter, has taken a significant step in response to executive orders issued by the Indian government. The company announced its decision to withhold certain accounts and posts in India, citing disagreement with the actions mandated by the authorities. Failure to comply with these orders, X revealed, could potentially […]
South Africa announces plans to explore stablecoin use cases
South Africa is actively navigating the dynamic landscape of cryptocurrencies and blockchain technology, demonstrating a proactive approach to understanding and regulating the evolving fintech space. One focal point for the country’s regulatory efforts is stablecoins, a type of digital asset pegged to a stable asset like the U.S. dollar. South Africa to explore stablecoin use […]
Aave deploys its money market protocol on BNB Chain
Aave, a prominent decentralized finance (DeFi) platform, has broadened its reach by deploying its money market protocol on the BNB Chain network. This strategic move represents a significant advancement in the expansion of BNB Chain’s DeFi ecosystem. The platform’s integration into the network joins other leading DeFi protocols like Uniswap and PancakeSwap, further enriching the […]
AMD inks collaboration to enhance blockchain interoperability
In a notable development, Advanced Micro Devices (AMD), a prominent semiconductor developer, is expanding its presence into the Web3 space by introducing enterprise-grade hardware accelerators to bolster blockchain interoperability. This strategic move comes through a collaboration announced on February 21st between AMD and Wormhole, an interoperability platform renowned for powering multichain applications and bridges at […]
Binance faces potential ban in the Philippines
In late November, Philippine financial regulators issued a notice to Binance, the world’s largest cryptocurrency exchange, stating that it was operating in the country without a proper license. They emphasized that Binance was not authorized to sell or offer securities in the Philippines, cautioning citizens against using the platform. The regulators set a deadline: if […]
Ohio congressional candidate discusses AI in his electoral campaign
As political campaigns increasingly leverage technology to engage with voters and enhance turnout, Matthew Diemer, a Democratic congressional candidate from Ohio, is at the forefront of innovation by integrating artificial intelligence (AI) into his outreach efforts. Partnering with Civox, a London-based company specializing in AI chatbots, Diemer has introduced an AI version of himself to […]
Hong Kong regulator shares provisional crypto custody guidelines
Hong Kong is intensifying its efforts to position itself as a leading cryptocurrency hub, with the Hong Kong Monetary Authority (HKMA) unveiling comprehensive guidelines governing tokenization and digital asset custody for locally authorized financial institutions. In an 11-page circular released recently, the HKMA laid out stringent standards aimed at ensuring the safe and responsible management […]
LockBit’s ransomware operations disrupted by authorities
Law enforcement agencies worldwide, including the U.S. Federal Bureau of Investigation (FBI) and the U.K.’s National Crime Agency, recently cooperated in a major operation to disrupt the activities of the LockBit ransomware gang. Since its emergence in late 2019, the group has been a significant player in the global cybercrime landscape, targeting victims across various […]
India’s FIU rule leaves foreign exchanges with uncertain futures
India’s Financial Intelligence Unit (FIU), a branch of the Ministry of Finance responsible for gathering financial intelligence related to offenses under the Prevention of Money Laundering Act, recently took action against several foreign cryptocurrency exchanges. These exchanges, including Binance, HTX, Kraken, Gate.io, KuCoin, Bitstamp, MEXC Global, Bittrex, and Bitfinex, were issued notices of noncompliance for […]
South Korean political parties make crypto pledge ahead of elections
Ahead of the upcoming national elections in South Korea, both the ruling People Power Party and the opposition Democratic Party are making promises related to cryptocurrency regulation and taxation. The People Power Party has outlined several pledges, including plans to allow spot bitcoin exchange-traded funds (ETFs) and establish a ‘digital asset promotion committee’ tasked with […]
Robert Kiyosaki makes a shocking Bitcoin prediction
Renowned author Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” has once again made bullish predictions regarding the price of Bitcoin. In a recent social media post, Kiyosaki forecasted that Bitcoin’s price would surge to $100,000 by June 2024. This projection aligns with his previous optimistic outlook on BTC’s trajectory, as well […]
Ethereum tipped to become the next institutional darling
The recent surge in Bitcoin’s value, largely attributed to the introduction of exchange-traded funds (ETFs), has prompted analysts to turn their attention towards Ethereum (ETH), the second-largest cryptocurrency. According to a research report by brokerage firm Bernstein, ETH stands out as a potential candidate for ETF approval from the U.S. Securities and Exchange Commission (SEC). […]
Virginia proposes $17,192 annually for its crypto and blockchain commission
Virginia’s Subcommittee on General Government has made a significant decision regarding the allocation of funds, opting to allocate $17,192 annually to the newly established Blockchain and Cryptocurrency Commission. This commission recently legislated into existence, is tasked with making recommendations concerning blockchain technology and cryptocurrencies. Virginia allocate funds to its crypto and blockchain commission The decision […]
Worldcoin surge to benefit 3AC and FTX creditors
In recent developments, Worldcoin’s WLD token has experienced an unprecedented surge of over 200% within the past week, presenting apparent benefits for a significant group of investors, particularly creditors associated with the bankrupt fund Three Arrows Capital (3AC). 3AC founder details the benefits of Worldcoin to its creditors Su Zhu, the founder of 3AC, highlighted […]
Ethereum co-founder highlights the importance of AI to developers
Artificial intelligence (AI) holds immense promise in revolutionizing various aspects of technology, and Ethereum co-founder Vitalik Buterin recently highlighted its potential in addressing one of Ethereum’s major challenges: code bugs. Buterin expressed his enthusiasm for AI-assisted formal verification of code and bug finding, recognizing the critical role it could play in mitigating technical risks within […]
Stellar Lumens Price Prediction 2024-2033: How High can XLM Go?
Stellar Price Predictions 2024-2033 Stellar Lumens (XLM) is one of the oldest cryptocurrencies around. Many technological developments have been on the Stellar Lumens platform. One thing that draws believers to the coin is that it’s so cheap to send because that is the objective of XLM. Instant international transfer to challenge modernized banking systems should […]
Crypto and blockchain funding rose significantly in Q4 2023
In the fourth quarter of 2023, the crypto industry witnessed a significant resurgence in venture funding, marking a pivotal moment after a period of stagnation. According to a report from PitchBook, investments in crypto-related companies totaled $1.9 billion, representing a notable 2.5% increase from the previous quarter. This uptick in venture capital (VC) investments signifies […]
Bitcoin Cash Price Prediction 2024-2033: Will BCH Price go up?
Bitcoin Cash Price Prediction 2024-2033 Bitcoin Cash emerged in August 2017, born from a pivotal fork of Bitcoin, the pioneering cryptocurrency. While it shares its lineage with Bitcoin, BCH has carved out its niche in the crypto space, with an emphasis on transaction efficiency and scalability. At present, the cryptocurrency market is a complex and […]
Texas establishes itself as an attractive destination for miners
In recent years, Texas has witnessed a surge in interest from cryptocurrency mining companies, drawn by the state’s favorable regulatory environment and abundant energy resources. With its competitive electricity prices and ample supply of renewable energy, Texas has become an attractive destination for companies seeking to establish Bitcoin mining operations. Texas becomes a lucrative mining […]
Arcade announces airdrop rewards for NFT collectors
Arcade, a DeFi protocol operating on Ethereum and specializing in NFT lending, is preparing for its upcoming ARCD token airdrop scheduled for next week. On February 21, a total of 4,000 lucky holders of specific NFT and Bitcoin Ordinals collections, frequently utilized as collateral for loans on Arcade, will receive bundles of 750 ARCD tokens […]
Australian policeman accused of stealing 81 Bitcoin
The case of the missing Bitcoin involving a federal police officer in Australia has brought attention to the challenges of investigating crypto-related crimes. Allegations by the National Anti-Corruption Commission (NACC) suggest that William Wheatley, the Australian officer in question, wiped a Trezor hardware wallet containing 81.62 Bitcoin during a crime scene investigation. Australian policeman wipes […]
Solana’s GameStop memecoin plummets by 70%
Solana’s GameStop-inspired meme coin has recently undergone a turbulent journey in the cryptocurrency market, showcasing the inherent volatility often associated with meme coins. Despite lacking direct ties to the video game retailer GameStop, the GME token garnered substantial attention and trading activity, highlighting the enduring allure of meme-based assets. GameStop token slides drastically Launched onto […]
Coinbase under fire for its lack of insight into its ETF business
Coinbase, a leading cryptocurrency exchange, recently unveiled impressive fourth-quarter earnings, partially fueled by the introduction of ten spot bitcoin (BTC) exchange-traded funds (ETFs). However, skepticism lingers as J.P. Morgan analyst Kenneth Worthington casts doubt on the true impact of these ETFs on its earnings. J. P. Morgan analyst blasts Coinbase’s ETF business Worthington highlights the […]
Moonbirds NFT price surge amid insider trading allegations
Following the recent acquisition of the Moonbirds NFT collection’s intellectual property (IP) by Yuga Labs, the maker of Bored Ape Yacht Club, alongside creator Proof, prices and trading volume for the collection experienced a significant surge on Friday afternoon. However, this surge has sparked speculation about potential insider trading activities leading up to the announcement. […]
Anthropic says Claude Chatbot is off-limits to political candidates
The intersection of artificial intelligence and politics is increasingly fraught with concerns about the spread of misinformation and manipulation. Anthropic, the company behind the ChatGPT competitor Claude, has recently unveiled stringent policies to prevent its AI tools from being exploited in political campaigns or lobbying efforts. This decision reflects a broader industry-wide effort to address […]
Genesis cleared to sell its $1.6 billion GBTC shares
A U.S. bankruptcy judge recently granted permission to Genesis, a bankrupt crypto trading desk and lender, to sell approximately $1.6 billion worth of its shares in Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG). This decision is part of Genesis’ strategy to repay its creditors following its Chapter 11 […]
Backpack registers $300 million in trading volume in 24 hours
A new cryptocurrency exchange, Backpack, has swiftly emerged as a major player in the digital asset space, leveraging the Solana blockchain to achieve remarkable success. Within a mere 24 hours of its pre-season beta launch, the platform surpassed the $300 million mark in trading volume. The creation of the exchange was spearheaded by the creators […]
FTC set to target deepfake threats to consumers with its updated rules
The increasing threat of deepfakes has prompted the United States Federal Trade Commission (FTC) to take proactive steps in updating regulations aimed at preventing the impersonation of businesses or government agencies by artificial intelligence (AI), with a primary focus on protecting consumers. FTC takes proactive steps against deepfake threats Under the proposed regulation, generative artificial […]
XCAD founder defends KSI amid pump and dump allegations
Oliver Bell, the founder of Xcad Network, recently found himself defending YouTuber KSI amidst accusations of engaging in a pump-and-dump scheme involving digital asset tokens, including XCAD. The controversy erupted when crypto investigator ZachXBT accused KSI of promoting tokens on his X account and subsequently selling off a significant amount of them, totaling $850,000 in […]
Google Trends show a decline in BTC interest as it hits $52K
In recent times, Bitcoin’s value surged to $52,545, yet public fascination with the cryptocurrency appears to be waning. Google Trends data reveals a subdued level of interest, with the search term “bitcoin” scoring only 36 out of 100 in global metrics over the last 90 days. This is a stark contrast to the excitement seen […]
Cryptocurrencies show resilience as Japan and UK enter recession
In recent developments, Bitcoin (BTC) experienced a notable uptick of 1.5% on Thursday, a surge attributed to reports indicating that two major economies slipped into recession toward the end of last year. This increase was mirrored by Ether, the second-largest cryptocurrency by market capitalization, which also saw a similar rise in its value. The catalyst […]
Microstrategy’s Bitcoin cache profit hits $4 billion
MicroStrategy, a significant player in the cryptocurrency market, has seen substantial gains as Bitcoin (BTC) surged to nearly $53,000. As the largest corporate holder of Bitcoin, MicroStrategy’s holdings have surpassed $10 billion, translating to a profit of over $4 billion. MicroStrategy nets $4 billion in profit from Bitcoin holdings The company’s most recent investor presentation […]
Polygon co-founder discusses advancements in layer-2 solutions
In recent discussions, Brendan Farmer, co-founder of Polygon, shared insights into the current state of layer-2 networks and highlighted the firm’s significant advancements over the past six months. Notably, Polygon unveiled its aggregation layer, AggLayer, alongside the introduction of a groundbreaking feature known as the “Type 1 prover.” Polygon co-founder details the advancement in layer-2 […]
United Kingdom’s CBDC plans progress amid privacy concerns
The United Kingdom is pressing forward with its plans to introduce a central bank digital currency (CBDC), despite lingering concerns surrounding privacy implications. Recently, the government unveiled the findings of its consultation paper on the digital pound, highlighting the crucial role of trust in such a currency. However, responses to the consultation revealed widespread apprehensions […]
