In this category of TheNewsCrypto, you will see the latest news, top headlines, opinions, current affairs, and much more from around the globe. The section only has handpicked articles by our experienced and profound editors to keep you updated with trends and stay ahead of the pack. Never miss any important news as we make sure this section is regularly updated with only the mainstream and impactful events of the cryptocurrency world.
FTX’s loss-making sale of the derivatives trading platform LedgerX was approved by a U.S. court today. On Thursday, Judge John Dorsey swiftly approved the sale to M7 Holdings, a private equity firm. When the United States Bankruptcy Court in Delaware approved a motion to allow the sale. LedgerX CEO Zach
Developers at Joint L1 Task Force, working on Terra Classic (LUNC), have updated the rebel-2 testnet to version 2.0.0 with Cosmos SDK version 0.45. The May 31st Cosmwasm v1.1.0 update (parity) will enable projects and builders from Cosmos and Terra Luna 2.0 to once again construct on the Terra Classic
On Thursday, Western Alliance Bank, the latest bank to be alleged to be approaching collapse amid mounting pressure on the US banking system, released a statement. Bank executives denied seeking buyers and claimed they had no plans to employ an outside consultant to evaluate strategic alternatives. The announcement was made
The North Carolina House of Representatives has passed a bill, “HB690,” that prohibits individuals from using central bank digital currencies (CBDCs) to make payments to the state. The legislation also prohibits the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill
Elon Musk’s endorsement of popular memecoins is an increasingly common occurrence in the cryptocurrency space. WhaleChart market experts have been closely monitoring the Dinoshi token and its potential connection to Musk, which remains unconfirmed. There has been speculation that the Dinoshi token may be connected to Elon Musk. This speculation
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced a partnership with the layer-1 blockchain Avalanche. The collaboration is to build a launchpad named Cloudverse for Alibaba clients. With Cloudverse, businesses can rapidly deploy metaverses on the Avalanche blockchain. Today, @alibaba_cloud announced that they are entering
According to court records filed on May 3rd. FTX under John Ray III is trying to recover cash from insolvent platform Genesis by way of repaid loans, withdrawn liquidity, and collateral. There is more than $3.88 billion at stake for all Genesis-related organizations combined. FTX’s attorneys stated in court filings
In order to improve its Know-Your-Customer (KYC) solution, Deloitte Switzerland has partnered with Polkadot’s KILT protocol. This newfound interest in blockchain technology to enhance compliance procedures is especially relevant to the banking sector. Intriguingly, using blockchain for Know Your Customer checks might drastically cut down on expenses, speed up operations,
In a budget proposal for the fiscal year 2024, US President Joe Biden suggested a new tax on cryptocurrency mining. Companies involved in crypto mining—the process of mining new cryptocurrencies by solving complex cryptographic problems and verifying transactions—will be subject to the Digital Asset Mining Energy (DAME) excise tax. 30%
The cryptocurrency exchange Coinbase has recently announced that it would no longer be granting new loans via its borrowing service Coinbase Borrow. According to a statement released by Coinbase on May 3, the service will be shut down permanently as of May 10. The crypto exchange, however, assured its clients
