Global Company
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
Global Company
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
Technology
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&
Cryptonews
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In a recent development within the cryptocurrency investment sector, Grayscale Investments has officially withdrawn its application for an Ethereum futures ETF, originally filed in September 2023.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.
Cryptonews
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
Cryptonews
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.
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
Cryptonews
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
Cryptonews
FTX, the cryptocurrency exchange that collapsed under dramatic circumstances, is preparing for another significant move in its ongoing liquidation efforts. The company is set to auction off a new batch of Solana tokens, responding to the high demand for this particular digital asset. Already, FTX has sold two-thirds of its
Global Company
In a recent interview with Bloomberg, Jamie Dimon, the CEO of JPMorgan, reiterated his critical stance on Bitcoin, describing it as a "decentralized Ponzi scheme." Dimon has been known for his skeptical views on cryptocurrencies, particularly Bitcoin, which he believes lacks a promising future and exhibits all the
Global Company
Social media platform X, formerly known as Twitter, is likely to introduce a paid annual subscription for all new users. This strategy, confirmed by owner Elon Musk, aims to effectively tackle the platform's persistent bot problem. Historically, a similar subscription model was implemented for users in New Zealand