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Crypto Exchange OKX Granted In-Principle Approval to Offer Services in Singapore
13.3.2024
Crypto exchange OKX said Wednesday that it received in-principle approval for a digital asset license from Singapore's central bank. This marks a significant step towards achieving full regulatory compliance in the country.
The post Crypto Exchange OKX Granted In-Principle Approval to Offer...
Chamber of Digital Commerce Files Brief on Behalf of Kraken in Controversial SEC Case
29.2.2024
Crypto advocacy group the Chamber of Digital Commerce has thrown its support behind Kraken in its battle against the United States Securities and Exchange Commission (SEC), according to a February 27 court filing. The brief marks the latest stage in Kraken's legal saga with the federal agency...
New Wall Street Memes Burn Mechanism Fires-Up – Don’t Miss As 5% of $WSM Supply Set For Inferno
20.2.2024
Tuesday, February 20th, 2024 – Wall Street Memes’ major new burn mechanism has ignited into action, with an unmissable 5% of the $WSM supply heading for the furnace. The launch of the burn mechanism marks the beginning of an exciting deflationary force in $WSM token dynamics, after...
Bitcoin Surpasses $52,000, Crosses $1 Trillion Market Cap—What’s Driving The Surge?
14.2.2024
On Wednesday, Bitcoin soared past the $52,000 mark, propelling its market cap beyond the $1 trillion milestone. This leap occurred in the wake of spot Bitcoin ETF approvals and in anticipation of the expected halving event in April. The recent climb marks a major milestone, as Bitcoin’s...
Bitcoin Price Prediction as $20 Billion Pushes BTC Above $48,000 – $100,000 Incoming?
12.2.2024
Bitcoin‘s market position is bullish as it hovers near $48,000, amidst widespread anticipation of potential growth to $100,000. Glassnode’s analysis marks the current Bitcoin market as “high risk,” emphasizing the volatile nature of cryptocurrency investments. Grayscale...
LBank Launches Oasys: Revolutionizing the Blockchain Gaming Industry
8.2.2024
PRESS RELEASE. LBank, a leading global digital asset trading platform, proudly announces the integration of Oasys into its diverse trading portfolio. This strategic move not only enhances LBank’s offering in the blockchain gaming sector but also marks a significant milestone for Oasys...
Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank
7.2.2024
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmington Bank The Federal Reserve Board has officially...
DeFi TVL Reaches $60 Billion, Highest Level Since August 2022
6.2.2024
The decentralized finance (DeFi) sector is experiencing a surge in popularity, with the total value of tokens (TVL) deposited on DeFi-focused blockchains reaching $60 billion. This marks the highest level since August 2022, according to data provider DeFi Llama. The recent increase in TVL can...
China Gears Up for Updated Crypto AML Laws: Report
31.1.2024
China is reportedly planning to enhance surveillance over the burgeoning crypto sector, by amending its anti-money laundering (AML) laws to include crypto transactions. A group of executives, chaired by Prime Minister Li Qiang discussed the ‘revised draft’ of the AML regulations on January 22....
Areon Gears up for Mainnet Integration on Exchanges by Jan 31
30.1.2024
PRESS RELEASE. Crypto enthusiasts hold their breath as excitement builds around the upcoming integration of Areon Network‘s new layer 1 chain with major exchanges. Scheduled for January 31 at 14:00 UTC, the integration marks a significant milestone for the project, the resumption of trading...
Bitcoin Mining Firm GRIID Debuts on Nasdaq
29.1.2024
Today, Bitcoin mining company GRIID commenced trading on the Nasdaq stock exchange. In a January 29 press release, the company announced it would begin trading under the ticker symbol ‘GRDI’. “Today marks a significant milestone for GRIID as we begin to trade in the U.S. market,” GRIID...
Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong
29.1.2024
The Hong Kong subsidiary of Chinese asset management firm, Harvest Fund Management, applied for a spot Bitcoin ETF on Jan. 26. This marks the first submission of its kind in Hong Kong, Tencent News reported on Monday. The Securities and Futures Commission (SFC) is said to be expediting approval...
$867 Million Erased — Grayscale’s GBTC Experiences Record 20,803 Bitcoin Reduction in 24 Hours
27.1.2024
Recent data from Grayscale’s GBTC spot bitcoin exchange-traded fund reveals a significant reduction in its holdings, with 20,803.83 bitcoin, valued at $867.98 million, being withdrawn from the fund’s reserves. This substantial outflow, occurring over the past 24 hours, marks the most...
Gala MUSIC Launches on LBank Exchange: A New Era in Music Streaming and Blockchain Technology
27.1.2024
PRESS RELEASE. In an exciting development for music enthusiasts and blockchain aficionados alike, Gala MUSIC, a trailblazing decentralized music platform, has officially launched on LBank Exchange. This launch marks a significant milestone in the evolution of the music industry, intertwining...
EchoLink Launchpad on LBank Ends With Over 130M USDT in Investment, $ECHO Set for Listing
25.1.2024
PRESS RELEASE. Following the triumph of its third Launchpad initiative with ACGN Protocol, LBank has accomplished yet another milestone by concluding its fourth Launchpad event featuring EchoLink. This innovative project marks a significant breakthrough in Decentralized Physical Infrastructure...
North Korea Hackers’ Illicit Gains Dwindled in 2023 Despite More Attacks – Chainalysis
24.1.2024
Source: AdobeStock Blockchain analytics and security firm Chainalysis has reported a decrease in cryptocurrency theft in 2023. Sharing its insights in a blog post, the firm disclosed that the crypto market witnessed a collective loss of $1.7 billion. This marks a significant 54.3% reduction from...
Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Do Kwon’s Terraform Labs Files for Bankruptcy Protection in US
22.1.2024
Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States. The filing by Terraform Labs was officially submitted to the U.S. Bankruptcy Court for the District of Delaware. This action marks a significant legal step...
LBank Labs Announces Incubation Fund Investment in AMBBi
21.1.2024
PRESS RELEASE. LBank Labs has established a dedicated Incubation Fund for Inscription Projects, and AMBBi, an innovative dual-asset project on the Bitcoin blockchain, is the first to be inducted into this groundbreaking initiative. This investment not only highlights LBank Labs’ vision...
Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition
18.1.2024
Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09...