The past week has been a rough ride for the crypto industry, with a series of unfortunate events leading to significant setbacks for some of the most prominent players in the market. From regulatory crackdowns to legal battles and price drops, here’s a roundup of what went down. Binance Shuts
Robinhood, the stock and crypto trading platform, released its Q1 2023 results on May 10. The trading platform stated that its cryptocurrency transaction revenue declined by over 1% and reached $38 million. At the same time, overall transaction revenue has increased by 11%. Moreover, the platform also increased its assets
On Tuesday, the world’s largest crypto exchange, Binance, expanded its support for the newly listed meme coins PEPE and FLOKI. Binance took the initiative of listing both PEPE and FLOKI in the Innovation Zone on May 5, and it was surprising to see them add PEPE and FLOKI to all
Encryptus, a leading cryptocurrency solutions provider, announced today at the Coindesk Consensus event the launch of industry leading payout product, which allows crypto exchanges, wallet providers, Web3, Gaming and other B2C crypto companies to off-ramp to Bank Wires, Mobile Wallets, Mobile Top-ups and Gift Cards with API’s. The payout network
Venmo, a digital payment service in the U.S. has come up with introducing crypto payments and transfers even from fiat currencies sooner in May. This announcement of Venmo was given in the press release by Jose Fernandez da Ponte of PayPal, the parent company on April 28. Dropping in to
Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission (CFTC), has expressed concerns that anonymity within the cryptocurrency market is enabling the commission of illegal activities. The top U.S. regulatory official, Christy Goldsmith Romero, has also stated that cybercriminals are using digital assets to finance their illicit
BitPay, a leading provider of cryptocurrency payment services, has announced a new offering that allows customers to buy gold from reputable dealers using Bitcoin (BTC) and other cryptocurrencies. This move aims to provide customers with an alternative way to hedge against volatility, diversify their portfolio, or simply own precious metals.
The Litecoin (LTC) blockchain has been making waves in the world of cryptocurrency, with its impressive computational strength and security. As evidenced by the stunning number of 783,119,893,335,823 beautiful hashes, LTC has become a force to be reckoned with in the realm of digital currencies. Unveiling the Computational Strength and
European Union lawmakers have long been eying the formation of a cryptocurrency regime. While nations around the world are confused about how they should treat cryptocurrencies, Europe seems to have a clear-cut idea. According to the details shared by Mairead McGuinness, the commissioner for financial services, the European Parliament has
Apple released new security and software updates for smartphones and Macs in fear of attacks from crypto phishers. Kaspersky’s report on the vulnerabilities and potential lack of protection made Apple take this measure. Updates to iOS 16.4.1 and macOS 13.3.1 address the two vulnerabilities. CVE-2023-28205 and CVE-2023-28206. Both of these
