Reports of the US SEC labeling financial titans’ registrations for spot Bitcoin ETFs as “inadequate” prompted US House Financial Services Committee Chairman Patrick McHenry to issue a warning to Chair Gary Gensler via Twitter. The crypto community has ridiculed the US SEC for approving a Bitcoin ETF based on leveraged
July 2, 2023 2 mins read
The Canadian government has approved the unrestricted trading of Litecoin (LTC) and three other cryptocurrencies on exchanges, marking a major breakthrough for the Canadian crypto sector. Litecoin’s price has surged recently, hitting a 14-month high and breaking the $100 threshold. The House of Commons Standing Committee on Industry and Technology
July 2, 2023 1 min read
Almost a year post collecting $4.4M to enhance the usefulness of non-fungible tokens (NFTs), Solana’s Cardinal protocol is shutting its door owing to economic constraints. Withdrawals must be completed by August 26th, according to a Twitter notification. By providing protocols and SDKs for staking, renting, subscribing, royalties, and trading, Cardinal
June 30, 2023 1 min read
According to reports, Binance has been notified that BaFin, the German financial regulatory organization responsible for monitoring banks, financial services institutions, insurance companies, and stock exchanges, would not be issuing a crypto custody license to the exchange. On Thursday, the local media outlet Finance Forward published the news, citing persons
June 30, 2023 1 min read
HyperCycle, a ground-breaking Layer 0++ blockchain infrastructure designed for quick and affordable AI-driven micro-transactions, has teamed up with Penguin Group to launch HyperPG, a cutting-edge program for accessing HPC for the rapidly expanding AI economy. Through the cooperation, the HyperPG platform will be made accessible to both businesses and individuals,
June 27, 2023 5 mins read
By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood
June 24, 2023 1 min read
For the time being, Insolvent crypto lender BlockFi will be able to put off paying a $30 million penalty to the U.S. Securities and Exchange Commission. A $50 million settlement with the regulator was reached in February of 2022, and this is the remaining balance. Court documents filed on June
June 24, 2023 1 min read
In an effort to acquire blockchain expertise for the agency, Germany’s Federal Intelligence Service has launched around one thousand Non-fungible tokens (NFTs) on Ethereum. The Bundesnachrichtendienst (BND), Germany’s foreign intelligence service, has established a dog-themed non-fungible token (NFT) collection with an on-chain hunt for treasure to attract qualified cyber specialists.
June 22, 2023 2 mins read
Radius, a cutting-edge blockchain firm that pioneered the trustless shared sequencing layer, has announced that it has secured $1.7 million in pre-seed funding. Hashed took the lead in the fundraising round, while Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com also took part. Due to its scalability, rollups are a growing number
June 22, 2023 2 mins read
On Tuesday, it was announced that the Third Circuit Court of Appeals will continue to hear the case brought by Coinbase and others to clarify Securities and Exchange Commission (SEC) restrictions on digital currencies. The petition for a Writ of Mandamus was noted in the ruling, and the commission was
June 21, 2023 2 mins read