Thu, March 28

Coinbase Custody Shuffles Leadership Ahead of Spot Bitcoin ETF Decision

Coinbase has reportedly replaced the head of its custodial company while the U.S SEC decides whether to approve a spot Bitcoin ETF. Bloomberg reports that Aaron Schnarch, CEO of Coinbase Custody, has stepped down from his position. Rick Schonberg, who has been a senior fintech executive at Coinbase since 2021

December 31, 2023 2 mins read

DeFi Total Value Locked (TVL) Hits Yearly High of $52 Billion

Total value locked (TVL) across DeFi protocols has hit $52 billion, an annual peak not seen since the days leading up to FTX’s demise in November 2022. This comeback is significant because the industry has had a rocky past since FTX and other companies went under. The controversies surrounding these

December 31, 2023 1 min read

Hong Kong Proposes Stringent Regulations on Stablecoins

As a move toward becoming a center for virtual assets, Hong Kong has suggested strict restrictions for stablecoins. But the new change might make things tough for widely used stablecoins. Tether (USDT) and USD Coin (USDC), according to experts, might be in jeopardy since the regulation is more stringent than

December 30, 2023 1 min read

Salus Web3 Security Report 2023: Key Findings Revealed

The Web3 security space saw a dramatic shift in 2023, exhibiting both advances in resilience and enduring difficulties. Cyberattacks against the Web3 sector resulted in over $1.7 billion in damages in 2023; 453 incidents were documented. The variety of dangers shown by these assaults highlights the critical necessity for the

December 30, 2023 5 mins read

Spot Bitcoin ETF Contenders Submit Final S-1 Applications to U.S SEC

Final versions of the S-1 applications were submitted on December 29th by the contenders in the race for a spot Bitcoin ETF. Bitwise, Invesco Galaxy, WisdomTree, and Fidelity engaged with the U.S SEC, following BlackRock, Van Eck, and Valkyrie, as the day progressed. Among the new filings, Fidelity, WisdomTree, and

December 30, 2023 2 mins read

Indonesia Closes 10 Bitcoin Mining Operations Over $1M Power Theft

Ten Bitcoin mining operations allegedly have been shut down by Indonesian police, who have accused the organizers of stealing roughly $1 million USD worth of power. The North Sumatra Police Force reportedly raided a ten-location Bitcoin mining enterprise, seizing 1,134 mining machines, 11 meters of electrical cable, and a variety

December 30, 2023 1 min read

Binance Founder CZ’s Travel Request Denied by U.S Court

U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time

December 30, 2023 2 mins read

Goldman Sachs Foresees Major Boost Post Spot Bitcoin ETF Approval

Mathew McDermott, head of digital assets at Goldman Sachs, has highlighted the possible effects on the crypto market of approving spot Bitcoin and ether ETFs. According to McDermott, this change has the potential to greatly increase institutional support for digital currencies. He claims that the market’s liquidity will be improved

December 30, 2023 2 mins read

Bitcoin Miners’ Reserves Hit Record Low Amid Selling Surge

Data from CryptoQuant reveals that miners’ bitcoin reserves hit a new low which was last seen in May after a wave of withdrawals this week, suggesting increasing selling pressure as Bitcoin achieves a gain of over 13% in December. Miner reserves are the total amount of coins kept in the

December 30, 2023 1 min read

Crypto Exchange OKX All Set to Delist Privacy Coins

At the beginning of 2024, OKX, a global cryptocurrency exchange, will remove support for a number of privacy coins. The delisting of certain trading pairs including key privacy tokens, Zcash (ZEC), Dash (DASH), Monero (XMR) and Horizen (ZEN), as well as partially private coins, was formally announced by OKX on

December 29, 2023 2 mins read