Politics
Hayden Adams, the founder of the decentralized trading platform Uniswap, has publicly called on U.S. President Joe Biden to shift his administration's approach towards cryptocurrencies. In a pointed critique, Adams expressed concerns that Biden’s current disregard for the crypto sector might jeopardize his chances in the
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In a significant regulatory action, Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a $4.4 million fine on the cryptocurrency exchange Binance. This decision comes after a detailed investigation into the platform's compliance with Anti-Money Laundering (AML) regulations and its failure to operate with
Global Company
In a recent development within the cryptocurrency investment sector, Grayscale Investments has officially withdrawn its application for an Ethereum futures ETF, originally filed in September 2023. The application was for the Grayscale Ethereum Futures Trust ETF, and its withdrawal marks a notable moment in the evolving landscape of cryptocurrency regulations.
Deals
Revolut has officially launched its cryptocurrency exchange, Revolut X, specifically designed for experienced traders. This strategic move is aimed at positioning the company as a strong competitor against the top cryptocurrency platforms. The plans for launching this exchange were first revealed in February 2024. As a neobank with over 40
Cryptonews
On May 3, 2024, the daily income of Bitcoin miners significantly decreased to 437.28 BTC, equivalent to $28.4 million, marking the lowest earnings since late June 2021 when it fell to 388.6 BTC, according to data from Glassnode. As of May 5, 2024, there was a slight
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VanEck, a leading investment firm, has released a report revealing that various companies and cryptocurrency ETFs collectively hold about $175 billion in Bitcoin, constituting approximately 15% of the total Bitcoin supply. This significant figure highlights the growing institutional and governmental interest in Bitcoin as a formidable asset class. According to
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In a striking demonstration of financial growth and strategic investment, Tether has announced a substantial $4.52 billion net profit for the first quarter of 2024. This significant figure includes approximately $1 billion derived from U.S. Treasury bonds, underscoring the company’s robust investment in these secure financial instruments.
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In an intriguing meld of traditional energy and modern technology, Alliance Resource, a leading coal mining company, has ventured into the lucrative realm of cryptocurrency mining. As revealed in their financial report for the first quarter of 2024, the company successfully mined 425 bitcoins, valuing approximately $30 million, utilizing excess
Global Company
Bitcoin wallet providers ACINQ, with its Phoenix Wallet, and zkSNACKs, the company behind Wasabi Wallet, have announced their exit from the U.S. market in response to the recent crackdown on two major self-custody cryptocurrency wallet providers. Both ACINQ and zkSNACKs have raised concerns about whether self-custody wallet providers can
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Worldcoin, the cryptocurrency initiative under the Tools for Humanity banner, is reportedly exploring partnership opportunities with artificial intelligence startup OpenAI and payment service PayPal, according to Bloomberg sources. The move comes as the project faces regulatory challenges across various global jurisdictions. Tools for Humanity, the company behind Worldcoin, is seeking
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Mining pool ViaBTC has successfully sold a unique blockchain asset known as the "Epic Satoshi" for 33.3 BTC, which was worth approximately $2.13 million at the time of the transaction. This notable sale took place on the cryptocurrency exchange CoinEx, during an auction that spanned about
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Former CEO of cryptocurrency exchange Binance, Changpeng Zhao, known as CZ, has issued an apology and taken full responsibility for "wrong decisions" related to his management of the company. This comes as part of a letter to Judge Richard A. Jones, who is overseeing his case, a detail