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Swiss leaders plan to enforce global crypto reporting framework
16.5.2024
Switzerland plans to adopt global standards for crypto tax reporting, joining the Crypto-Asset Reporting Framework (CARF) to improve transparency
Robinhood Crypto unveils a slew of new features for its European customers
16.5.2024
Robinhood Crypto is ecstatic to announce a series of customer-centric additions to its European platform, namely staking, localized applications, crypto rewards for new users, and revised Learn & Earn modules. These upgrades reinforce the company’s dedication to crypto traders in Europe...
Whales move 100 billion SHIB to Coinbase & buy huge sum of Mollars token
16.5.2024
The whale movement in the meme and altcoin market is at a new high. This market movement can share a glimpse of the future outcome of crypto, especially regarding investors cashing out of SHIB and potentially moving them to a new ICO by the name of Mollars. Recent blockchain data indicates that...
Zimbabwe Government-Appointed Committee Aims to Understand Local Cryptocurrency Ecosystem
16.5.2024
The Zimbabwean government has formed a multi-stakeholder committee, tasked with consulting stakeholders in the cryptocurrency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), aims to determine the nature and extent of the cryptocurrency ecosystem...
US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion
16.5.2024
U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions...
Oasys Partners With SBI Group’s SBINFT Market to Boost Crypto Gaming in Japan
16.5.2024
Oasys, a blockchain network focused on gaming, has partnered with SBINFT Market, an NFT platform operated by a subsidiary of the Japanese financial conglomerate SBI Group, to expand the crypto gaming sector in Japan. The collaboration will allow developers on the Oasys platform to sell NFTs through...
SEC custody rule made crypto regulation a ‘political football’ — Rep. Nickel
16.5.2024
The SEC’s proposed crypto custody rule and its “hostility” to the industry isn’t in Joe Biden’s “best interests,” Representative Wiley Nickel told Gary Gensler
Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
16.5.2024
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract...
Robinhood Launches Its First Crypto Staking Product
16.5.2024
Robinhood has introduced its first-ever crypto staking product, which will be available to European customers. The company has also launched several other new features for European users. “Robinhood Crypto customers can now stake their solana (SOL) holdings directly through the app, allowing them...
Ripple Seeks Court Approval to Seal Sensitive Documents in SEC Lawsuit
16.5.2024
Ripple Labs has filed a motion to seal remedy documents in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Ripple argues that these documents contain sensitive information, including proprietary business strategies, financial data, and internal communications. Public...
Microstrategy Joins MSCI World Index Amid Bitcoin Rally
15.5.2024
MSCI Inc. has announced the May 2024 Index Review, which includes adding the bitcoin-focused Microstrategy to the MSCI World Index. This decision follows the Nasdaq-listed software intelligence firm’s stock outperforming bitcoin and other major investments. Microstrategy currently holds over...
Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish Run-Up
15.5.2024
On Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $66,000 threshold, reaching a peak of $66,461 per coin on Bitstamp. Consequently, the entire cryptocurrency market...
Mastercard, Standard Chartered test tokenized deposit transaction
15.5.2024
Mastercard’s Multi-Token Network enabled an atomic swap of a tokenized carbon credit for cash in a bank account
Shibaswap Migrates to Shibarium Network, Expanding Access to 2 Chains
15.5.2024
On May 15, the development team for the meme token project SHIB announced that the decentralized exchange (dex) Shibaswap has been ported to the Shibarium blockchain. SHIB’s lead developer detailed that Shibaswap’s trading platform is now accessible to users of both the Ethereum and Shibarium...
Oklahoma Enacts Landmark Bill to Regulate Digital Assets, Protect Bitcoin Rights, Foster Crypto Innovation
15.5.2024
The governor of the U.S. state of Oklahoma has approved House Bill 3594, a landmark bill that protects bitcoin rights and fosters cryptocurrency innovation. The legislation addresses the regulation and promotion of blockchain technology and cryptocurrency in the state. The bill defines key terms...
HTX Withdraws Hong Kong Crypto License Application Again – What’s Going On?
15.5.2024
Concerns were raised regarding Huobi Global (HGBL) Hong Kong Limited's capacity to conduct lawful business in the area on May 14 when the HTX subsidiary withdrew its application for a cryptocurrency trading licence from Hong Kong's Securities and Futures Commission (SFC) for the second time.
The...
Global Banking Authorities Extend Crypto Regulatory Framework Deadline
15.5.2024
The Group of Central Bank Governors and Heads of Supervision (GHOS) has reviewed the implementation of Basel III reforms and postponed the crypto asset standard implementation date to January 1, 2026. Basel III, finalized in 2017, continues to see widespread adoption, with two-thirds of member...
Glassnode report: Bitcoin shines as Ethereum lags
15.5.2024
The Glassnode report, a noted company known for directly collecting and analyzing data from blockchain networks, has shown that Bitcoin and Ethereum have had different outcomes over the 2023–24 span. The study highlights that Bitcoin has successfully maintained its market dominance, while traders...
Gamestop, AMC Shares Plunge as ‘Roaring Kitty’ Keeps Posting Video Clips and Memes
15.5.2024
On Wednesday, while equity markets experienced a rise following the release of the consumer price index (CPI) report, Gamestop’s stock GME tumbled 34%, and AMC’s shares fell more than 25%. Concurrently, the well-known ‘Roaring Kitty’ continued to share video clips of classic...
Crypto legislation advances amid election year tensions
15.5.2024
The United States is getting ready for the 2024 elections, and there are a lot of changes in the legislative system concerning cryptocurrencies. These changes include both the achievements and the difficulties. The US House of Representatives made a significant step by voting for Joint Resolution...