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Reps. Nickel and Flood Advocate for SEC Approval of Options on Spot Bitcoin ETFs
3.5.2024
US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay.
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Coinbase Reports Impressive Q1 Revenue of $1.6 Billion, Up 72% Quarter-on-Quarter
3.5.2024
Coinbase has reported a remarkable revenue of $1.6 billion in the first quarter of the year, representing a substantial 72% increase compared to the previous quarter.
The post Coinbase Reports Impressive Q1 Revenue of $1.6 Billion, Up 72% Quarter-on-Quarter appeared first on Cryptonews
Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity
3.5.2024
Stablecoin issuing firm Tether said it has teamed up with the blockchain data platform Chainalysis to monitor secondary market activity and combat illicit activity.
The post Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity appeared first on Cryptonews
MoonPay Expands Crypto Trading Options with Integration of PayPal Transactions
2.5.2024
The partnership enables users to buy and sell over 100 cryptocurrencies, including Bitcoin and Ethereum, using PayPal transfers via wallet, bank transfers, or debit cards.
The post MoonPay Expands Crypto Trading Options with Integration of PayPal Transactions appeared first on Cryptonews
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
2.5.2024
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business
Faisal Al Monai: Convergence of AI and Blockchain Is a Solution to Data Integrity Issues in AI Model Training
2.5.2024
The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment...
ZettaBlock announces the addition of blockchain data
2.5.2024
This key decision underlines ZettaBlock’s commitment to providing developers and business organizations access to diversified blockchain data. It is an elegant addition to the Sui Ecosystem technology transformation. The Sui blockchain became a topic of discussion due to innovative data...
Former FTX Europe Head Sets Record with $1.5M Purchase of Titanic’s Richest Passenger’s Gold Pocket Watch
2.5.2024
Patrick Gruhn, the former head of FTX Europe, has acquired a gold pocket watch from the Titanic for nearly $1.5 million, marking the highest amount ever spent at auction on a piece of Titanic memorabilia.
The post Former FTX Europe Head Sets Record with $1.5M Purchase of Titanic’s Richest...
Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest
2.5.2024
Nigeria's first crypto exchange, Patricia Exchange CEO Fejiro Hanu, has refuted rumors of the exchange's closure, dismissing them as media sensationalism aimed at generating clicks.
The post Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest appeared first on Cryptonews
Ukrainian Cybercriminal “Rabotnik” Sentenced to 13 Years for Orchestrating $700M Worth of Ransomware Attacks
2.5.2024
Yaroslav Vasinskyi, a Ukrainian national known as "Rabotnik," has been handed a prison sentence of 13 years and seven months for his role in ransomware attacks.
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Microsoft pours $2.2 billion into Malaysia for cloud and AI expansion
2.5.2024
In its statement, Microsoft will collaborate with Malaysia to establish a national AI Center of Excellence and enhance cybersecurity capabilities
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
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BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals
2.5.2024
The spot Bitcoin ETFs in the United States have witnessed record net outflows, with BlackRock's iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.
The post BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals appeared...
Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin
2.5.2024
Tether's net equity stood at an impressive $11.37 billion as of March 31, a substantial increase from the previous record of $7.01 billion worth of equity at the end of the quarter in December 2023.
The post Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin...
Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
2.5.2024
The allegations against Block include inadequate customer information collection, processing transactions involving countries under U.S. sanctions, and facilitating cryptocurrency transactions for terrorist groups.
The post Jack Dorsey’s Block’s Crypto Unit Under Investigation Over...
US Lawmakers Introduce New Bill For Clarification on Taxation of Staking Rewards
2.5.2024
The bill aims to clarify the tax treatment of staking rewards, proposing that they should only be taxed at the time of their sale rather than upon acquisition.
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Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value
1.5.2024
In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56...
Curve Finance Rewards Security Researcher $250,000 for Uncovering Critical Vulnerability
1.5.2024
Popular DeFi protocol Curve Finance has awarded a security researcher $250,000 for discovering a critical vulnerability that has historically enabled hackers to siphon off millions of dollars from cryptocurrency protocols.
The post Curve Finance Rewards Security Researcher $250,000 for Uncovering...
India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud
1.5.2024
The CBI in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme.
The post India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud appeared first on Cryptonews
South Africa’s Largest Crypto Exchange VALR Expands to Poland, Eyes Global Growth
1.5.2024
VALR, the largest cryptocurrency exchange in South Africa, is set to offer its crypto asset services in Poland and is actively exploring opportunities in other jurisdictions worldwide.
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