Finance world news

Global Company

TON Foundation and Animoca Brands Establish $20 Million Reserve Fund to Boost Ecosystem Development

TON Foundation and Animoca Brands Establish $20 Million Reserve Fund to Boost Ecosystem Development

TON Foundation and Mocaverse, a project by Animoca Brands, have announced the creation of a $20 million reserve fund aimed at supporting the TON ecosystem. This initiative is designed to stimulate ecosystem growth and transform TON into a leading platform for content, gaming, and community development. Initiative Details The Open

The Open Platform Invests in Akedo Games to Propel Game Development in the TON Ecosystem

The Open Platform Invests in Akedo Games to Propel Game Development in the TON Ecosystem

The Open Platform (TOP) has announced a strategic investment in Akedo Games, a game development studio known for its involvement in popular titles like PUBG Mobile, AFK Arena, and Rise of Kingdoms. This investment aims to bolster the development of gaming projects within The Open Network (TON) ecosystem, specifically on

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network, a prominent Web3 infrastructure provider, has announced a change in its token ticker to ZKJ from the previously used ZK. This decision comes amidst a contentious dispute with zkSync over the use of the ZK ticker. The change was reported by The Block, which cited an official statement

Former Binance CEO Changpeng Zhao to Write a Book on Cryptocurrencies While Serving Prison Sentence

Former Binance CEO Changpeng Zhao to Write a Book on Cryptocurrencies While Serving Prison Sentence

Changpeng Zhao, known popularly as CZ, the former CEO of the cryptocurrency exchange Binance, has announced his intention to write a book during his time in prison. This revelation comes amidst his current incarceration, where, according to CZ, he has found himself with "quite a bit of spare time" to

Canada’s FINTRAC Fines Binance $4.4 Million for AML Violations and Operating Without a License

Canada’s FINTRAC Fines Binance $4.4 Million for AML Violations and Operating Without a License

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 a requisite

Grayscale Investments Withdraws Application for Ethereum Futures ETF Amid Regulatory Uncertainty

Grayscale Investments Withdraws Application for Ethereum Futures ETF Amid Regulatory Uncertainty

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.

Cryptocurrency ETFs and Companies Hold $175 Billion in Bitcoin: An Extensive Analysis by VanEck

Cryptocurrency ETFs and Companies Hold $175 Billion in Bitcoin: An Extensive Analysis by VanEck

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

Tether Reports $4.52 Billion Profit for Q1 2024, Bolsters Treasury Bond Holdings to $90 Billion

Tether Reports $4.52 Billion Profit for Q1 2024, Bolsters Treasury Bond Holdings to $90 Billion

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.

"Phoenix and Wasabi Exit U.S. Market Amid Tightening Regulations on Self-Custody Wallets"

"Phoenix and Wasabi Exit U.S. Market Amid Tightening Regulations on Self-Custody Wallets"

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

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Intelligence has recently disclosed a significant discovery involving dozens of cryptocurrency wallets containing assets that are stranded within various blockchain bridges. This revelation includes wallets linked to prominent crypto exchanges and key figures within the cryptocurrency sphere. These accounts, some associated with major names like the exchange Coinbase, contain