Showing posts from May, 2023Show all

Chinese Police Detain Team Behind Yuan-Backed CNHC Stablecoin: Report

Chinese police have reportedly arrested and detained some employees of Trust Reserve, the company behind the yuan-backed CNHC stablecoin. A...


Federal Reserve Says Higher Rates Could Exacerbate Stress For Banks, But What of Bitcoin?

Historically high-interest rates in the United States could “exacerbate” stress in an already shaky banking system, said a member of the Fed...


Nansen Slashes 30% of Work Force, Aims to Prioritize Sustainable Business

Blockchain data analytics firm Nansen Research is slashing its workforce by 30%. Layoffs have been widespread across crypto businesses in th...


Tether Expands Presence in Georgia With Investment in Payment Processing Company

Tether – the issuer of stablecoin USDT – announced expanding its presence in Georgia with an investment in a payment processing company call...


Green Real Estate Project Qlindo Debuts on MEXC

[PRESS RELEASE – Dubai, United Arab Emirates, May 31st, 2023] In a defining moment for green real estate investment accessibility, Qlindo ,...


Litecoin Sees Increased Network Activity Ahead of Halving

Litecoin is slated to undergo its third mining reward halving in early August, after which the per-block reward paid to miners will be lower...


SEC Settles With Coinbase Employee For Insider Trading Charges

The Securities and Exchange Commission (SEC) announced on Tuesday that ex-Coinbase manager Ishan Wahi and his brother, Nikhil Wahi, agreed t...


Bitcoin Trades at $5K Discount on Binance Australia as Withdrawal Closure Approaches

On Tuesday, the prices of bitcoin and other crypto assets were seen trading at a discount on the Australian arm of Binance, the world’s larg...


The QWAN Launch – A Token for the Global Gaming Industry

[PRESS RELEASE – Grand Cayman, Cayman Islands, May 30th, 2023] A decentralized token that will shape gaming as we know it today is going li...


DigiFinex Granted Exemption License in Canada

[PRESS RELEASE – Mahe,, Seychelles, May 30th, 2023] DigiFinex , one of the leading cryptocurrency exchanges in the world, has been granted ...


Tether to Launch Sustainable Bitcoin Mining Operations in Uruguay

The company behind the world’s largest stablecoin announced on May 30 that it wants to mine BTC using sustainable energy in the South Americ...


Ripple (XRP) Soars 5% Daily, Bitcoin (BTC) Loses $28K (Market Watch)

After charting a three-week high at almost $28,500 yesterday, bitcoin started losing value rapidly and currently stands below $28,000. Most...


DWF Labs Commits Seven-Figure Investment to Outer Ring MMO: A New Era of Gaming Begins

[PRESS RELEASE – Please Read Disclaimer] In an exciting development, DWF Labs has pledged long-term financial support to the Outer Ring MMO...


Volatility Ahead as Bitcoin (BTC) Set to Move Out of Equilibrium: Glassnode

In its weekly on-chain report, analytics provider Glassnode cautioned that there is likely to be a big move ahead for BTC following a period...


Binance Appoints Former MAS Exec as Head of Regional Markets Outside US

Binance has reportedly appointed Richard Teng to lead the crypto exchange’s regional markets outside the US. According to the report, Teng’...


Bali Warns Tourists Against Using Crypto for Payments

Indonesian province Bali has stated that tourists are not allowed to make payments with cryptocurrency, warning that violators “will be deal...


Memevengers (MMVG) Lists on MEXC Following Uniswap Deployment

[PRESS RELEASE – New York, New York, USA, May 29th, 2023] Memevengers coin ($MMVG) has been gaining attention following a Uniswap listing o...


BKEX Crypto Exchange Suspends Withdrawals on Suspicion of Money Laundering Activity

Lesser-known crypto exchange, BKEX, claimed that some user funds on the platform are involved in money laundering. As a result, the platfor...


Former BitMEX Head Arthur Hayes Predicts No All-Time High for Bitcoin in 2023

The former head of BitMEX – Arthur Hayes – has backtracked from his previous prediction about Bitcoin’s price trajectory. The exec said the...


CFTC Sues 5 Individuals for Bitcoin Trading Services Fraud

The Commodities Futures Trading Commission (CFTC) has sued five individuals for falsely promoting bitcoin and crypto trading services, there...


Stably Launches Bitcoin’s First BRC-20 Stablecoin

Stably – a stablecoin-as-a-service provider and fiat to crypto on-ramp – has launched the first-ever dollar-pegged stablecoin issued directl...


This is What Needs to Happen for Bitcoin to Reach $45K This Year According to JPMorgan

Should bitcoin start resembling more the price performance as well as the investment structure of gold, its price could skyrocket to $45,000...


4,000 ETH ($7.5M) Compromised Following Latest DeFi Exploit

It appears that the DeFi industry continues to be a prime target for hackers. On the morning of May 28th, another exploit took place, this ...


Beijning Will Invest at Least $14M Per Year to Strengthen Web3 Foothold

China seems to be opening up to some parts of the industry. Despite its hard stance on trading and owning cryptocurrencies like Bitcoin and ...


Bitcoin Pizza Day Goes Stale as Pizza-Styled Memecoin Issuers Pull the Rug

Floridian programmer and an early Bitcoin miner named Laszlo Hanyecz’s purchase of two pizzas with Bitcoin in 2010 has been etched into hist...


Value Stolen in Exploits Down By 70% Since Last Year, More Funds Returned (Report)

A good number of high-profile attacks on the crypto ecosystem took place last year, targeting everything and everyone from Phantom wallets t...


FBI Warns of Crypto Human Trafficking Rings in Asia

The United States Federal Bureau of Investigation (FBI) issued a warning on fake job ads that lure people to Southeast Asia, where “victims ...


What Is Zenit World? Everything You Need to Know

Cryptocurrency trading has soared in popularity throughout the past couple of years as the industry itself is venturing into the mainstream....