Latest Crypto Industry News and Insights
OCBC Launches Tokenized Bonds in Singapore: Revolutionizing Finance with Blockchain
OCBC Launches Tokenized Bonds: A New Era for Finance in Singapore OCBC, a leading bank in Singapore, has rolled out tokenized bonds aimed at corporate accredited investors, marking a significant step forward in the use of blockchain technology in finance. Tokenized bonds launched for corporate investors Enables fractional ownership at S$1,000 Singapore’s crypto licenses surge […]
Read MoreStablecoins Revolutionize Cross-Border Remittances, Outpacing Traditional Apps
Stablecoins Surge as the New Frontier for Cross-Border Remittances In 2024, the financial landscape saw a significant shift as traditional remittance apps experienced a decline in usage, while stablecoins reached unprecedented heights, revolutionizing the cross-border payment sector. This transition, driven by the efficiency and lower costs of stablecoins, marks a pivotal moment in the quest […]
Read MoreCFTC Chair Rostin Behnam Resigns, Advocates for Stronger Crypto Regulation
CFTC Chair Rostin Behnam Resigns, Calls for Stronger Crypto Regulation Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission (CFTC), announced his resignation effective January 20, 2024, marking the end of a tenure focused on enhancing regulatory oversight in the cryptocurrency sector. Rostin Behnam resigns as CFTC chair on January 20. CFTC secures […]
Read MoreEthereum Gas Fees Hit 70 Gwei in 2024: DeFi, ERC-404, and NFTs Drive Surge
Ethereum Gas Fees in 2024: Navigating the Surge and Seeking Solutions In early 2024, Ethereum gas fees surged to unprecedented levels, peaking at an average of 70 gwei on February 9, with some transactions reaching a staggering 377 gwei. This significant increase, driven by various factors including the growth of DeFi, the popularity of the […]
Read MoreHashKey Group Secures VASP License in Ireland, Boosts EU Crypto Expansion
HashKey Group’s VASP License in Ireland: A Step Toward EU Crypto Compliance and Expansion HashKey Group, a leader in the cryptocurrency and Web3 ecosystem, has obtained a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, marking a significant step in its global expansion strategy. This license, compliant with the EU’s Fifth […]
Read MoreBackpack Exchange Acquires FTX EU, Launches Regulated Crypto Trading in Europe
Backpack Exchange Acquires FTX EU, Launches Regulated Crypto Trading Across Europe Backpack Exchange has taken a bold leap into the European market with the acquisition of FTX EU, the former European arm of the now-defunct FTX. This move, greenlit by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), positions Backpack to […]
Read MoreBitcoin Miners Secure $3.7B to Navigate Halving and AI Energy Competition
Bitcoin Miners Raise Billions to Combat Rising Energy Costs Amidst 2024 Halving US Bitcoin miners, including Mara Holdings, Riot Platforms, and CleanSpark, have secured over $3.7 billion through special loans that can be turned into shares. This financial move aims to buffer against the escalating energy costs and maintain profitability following the 2024 Bitcoin Halving. […]
Read MoreCzech National Bank Explores Bitcoin Reserves Amid Global Crypto Trend
Czech Central Bank Considers Bitcoin for Reserves Amid Global Trend The Czech National Bank (CNB) is weighing the option of adding Bitcoin to its currency reserves, signaling a shift in traditional financial strategies. This consideration aligns with a broader global trend where countries are exploring digital assets as part of their financial portfolios. CNB considers […]
Read MoreEIPsInsight’s Analytics Tool: Automating GitHub PR and Issue Tracking
Unveiling the Analytics Tool on EIPsInsight: Revolutionizing GitHub Management In the bustling world of blockchain and cryptocurrency development, managing GitHub repositories can be a daunting task. EIPsInsight’s new Analytics Tool aims to streamline this process, offering developers, project managers, and researchers a powerful solution to track Pull Requests (PRs) and Issues effectively. Automates tracking of […]
Read MoreBybit Physical Card in Brazil Boosts Crypto Adoption with 2% Cashback
Bybit Physical Card Launches in Brazil: Enhancing Crypto Payments and Adoption Bybit introduces the Physical Card in Brazil, enabling crypto payments with USDT, BTC, and ETH, marking a significant step towards integrating digital assets into everyday transactions. Bybit launches Physical Card in Brazil 2% cashback, supports USDT, BTC, ETH No annual fees, integrates with Apple […]
Read MoreSolana’s SIMD-215 Proposal Aims to Boost Scalability to Billions of Accounts
Solana’s SIMD-215 Proposal: A Leap Forward in Blockchain Scalability Solana is poised to redefine the limits of blockchain scalability with its SIMD-215 proposal, aiming to manage billions of accounts with unprecedented efficiency. This bold move could not only supercharge Solana’s network but also set a new benchmark for the entire blockchain industry. Solana’s SIMD-215 aims […]
Read MorePhuket Assault: Thai Police Hunt Russian Duo Over $20K Crypto Theft
Thai Police Hunt Russian Suspects in $20K Crypto Dispute Assault On January 5, 2025, a violent assault over a cryptocurrency dispute rocked Phuket, Thailand, leaving Mr. Zelimkhan with a $20,000 loss in cash. Thai police are now on a manhunt for two Russian nationals, Andrei and Dmitri, who orchestrated the attack. This incident is a […]
Read MoreOobit Targets UAE Expansion with Tether Backing and FSRA License Pursuit
Tether-Backed Oobit Seeks License in UAE, Eyes Middle Eastern Expansion Can a crypto payments service revolutionize the way we use digital currencies in the Middle East? Oobit, with the financial might of Tether and Solana behind it, is betting big on the UAE, applying for a Financial Services Regulatory Authority (FSRA) license under the Abu […]
Read MoreMichael Barr Resigns from Federal Reserve: Crypto Community Celebrates, Pro-Crypto Shift Expected
Top Anti-Crypto Federal Reserve Official Michael Barr Resigns Michael Barr, the Vice Chair for Supervision at the Federal Reserve, has stepped down, eliciting cheers from the cryptocurrency community. His exit coincides with the incoming Trump administration’s intent to install pro-crypto sympathizers in key regulatory roles, signaling a potential shift in the U.S. stance on digital […]
Read MoreNYREF Tokenizes $18M NYC Property on Avalanche, Revolutionizing Real Estate Investment
NYREF Tokenizes $18M NYC Property, Pioneering Real Estate Investment NYREF has successfully tokenized an $18 million property at 3187 Grand Concourse in the Bronx, New York City, utilizing the Avalanche blockchain. This move brings fractional ownership and increased liquidity to real estate, allowing investors to buy into this asset with cryptocurrencies like USTD, USDC, AVAX, […]
Read MoreO.XYZ Secures $130M to Pioneer AI-Driven DAO Governance
O.XYZ Raises $130 Million to Revolutionize DAO Governance with Decentralized AI O.XYZ has secured a hefty $130 million to advance its vision of creating a Decentralized Autonomous Organization (DAO) governed by community-driven AI. This move underscores the growing interest in merging blockchain technology with artificial intelligence to foster new governance models, with the potential to […]
Read MoreRipple Overtakes Ethereum in South Korea: Economic Concerns Rise
Ripple Surges Past Ethereum in South Korea’s Crypto Preferences Ripple (XRP) has overtaken Ethereum (ETH) as the second-most preferred cryptocurrency among South Korean investors, according to a recent survey by News1. This shift underscores the unique dynamics of the South Korean crypto market amidst broader economic concerns. Ripple surpasses Ethereum in South Korea. Survey reveals […]
Read MoreTrump’s Crypto Vision: Bitwise CEO Predicts Mergers Surge
Trump’s Return Predicted to Ignite Crypto Mergers: Bitwise CEO’s Vision The potential return of Donald Trump to the White House is poised to significantly influence the cryptocurrency sector, according to Hunter Horsley, CEO of Bitwise Asset Management. Horsley predicts that Trump’s anticipated deregulation of mergers and acquisitions could pave the way for corporate consolidation, potentially […]
Read MoreKlickl and Zand Bank Partner to Boost Digital Asset Innovation in UAE
Klickl International and Zand Bank Join Forces to Propel Digital Asset Innovation in the UAE Klickl International, a leading Web3.0 open finance platform, and Zand Bank, the UAE’s first fully licensed, AI-powered digital bank, have announced a strategic partnership aimed at driving digital asset innovation in the region. Partnership announced January 7th, 2025, in Dubai […]
Read MoreChamath Palihapitiya Predicts Stablecoins Will Dominate by 2025, Outpacing Visa
Chamath Palihapitiya Forecasts Stablecoins as 2025’s Biggest Business Winners Billionaire investor Chamath Palihapitiya has made a bold prediction: dollar-denominated stablecoins will be the biggest business winners by 2025. Stablecoins, cryptocurrencies designed to maintain a stable value by being pegged to assets like the US dollar, are gaining traction in business transactions due to their ability […]
Read MoreCoinSwitch Launches Recovery Rewards for WazirX Hack Victims Amid Skepticism
CoinSwitch Promises Recovery Through Rewards for WazirX Hack Victims In July 2024, WazirX, a prominent Indian cryptocurrency exchange, fell victim to a cyberattack, resulting in hackers stealing over $230 million in digital assets. In response, CoinSwitch, another major player in the Indian crypto market, launched the ‘CoinSwitch Cares‘ program, offering a lifeline to affected users […]
Read MoreRussian Man Brutally Assaulted in Phuket Over $120K Crypto Debt: A Dark Side of Crypto
Russian Man Brutally Assaulted and Robbed of $20,000 in Phuket Over Cryptocurrency Dispute In a harrowing incident in Phuket, Thailand, a 31-year-old Russian man named Zelimkhan was brutally assaulted and robbed of $20,000 by two associates over a cryptocurrency dispute. The assailants, Andrei and Dmitri, demanded repayment of a $120,000 cryptocurrency debt and attempted to […]
Read MoreEthereum Foundation’s Balancing Act: Growth, Decentralization, and Transparency Debates
Inside the Ethereum Foundation: Balancing Power, Transparency, and Decentralization The recent closure of “Week in Ethereum” has reignited debates about the Ethereum Foundation’s (EF) role and priorities, highlighting the ongoing tension between fostering growth and maintaining decentralization. Nurturing growth through grants Promoting decentralization Supporting public goods Community debates on transparency and public role Questions about […]
Read MoreDo Kwon’s Terra Collapse: Over 1 Million Victims, $50B Lost, Faces 9 Fraud Charges
Do Kwon’s Crypto Collapse Could Impact Over 1 Million Victims, US Prosecutors Estimate US prosecutors estimate that over one million individuals were affected by the collapse of the Terra ecosystem, founded by Do Kwon of Terraform Labs. This catastrophic event in May 2022 wiped out a staggering $50 billion valuation in just 72 hours, leaving […]
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