Crypto Biz: Telegram and OpenSea on authorities’ radar
This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising.
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Research: Crypto Mining Hardware Market to See 10% Compound Annual Growth by 2023
Digital currency mining hardware market is set to expand by 2023, according to a report from market research firm Reportlinker published on April 29.Per the analysis, the rising number of product launches will facilitate the growth of cryptocurrency mining hardware, that will purportedly register a compound annual growth rate (CAGR) of more than 10% by…
Binance launches Web3 wallet for its 120M registered users
The Binance Web3 wallet has been launched within the primary Binance app, which is predominantly used for trading cryptocurrencies. 170 Total views 2 Total shares Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile
Binance to cease crypto futures and options in Australia
Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens. 2884 Total views 36 Total shares Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia.Existing Binance users in Australia will have 90…
Rise of Web3: Metaverse tokens surge as Meta’s share price plunges
Meta Platforms, the parent company of Facebook, saw the largest single-day slide in market value for a U.S. company ever with a 26% fall in share prices on Thursday after the tech giant revealed disappointing earnings and a decline in daily active users. Meta famously changed its name from Facebook in late 2021, to signal…
US Bitcoin Holders Worry About Chinese Control of the Mining Network
Could China take over the Bitcoin (BTC) ecosystem? It’s a very real possibility, and it could happen very quickly because China controls more than half of the world’s Bitcoin mining operations — upward of 65% of the computing power to mine Bitcoin. No other country is anywhere near that number. Additionally, according to Genesis Mining’s…
Visa terminates debit card program with FTX
A Visa spokesperson confirmed to Cointelegraph the company has terminated its global agreements with FTX. 420 Total views 3 Total shares Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX's recent insolvency…
Judge dismisses proposed class-action suit alleging Coinbase securities sales
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts. 553 Total views 1 Total shares Own this piece of history Collect this article as an NFTA proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO…
Obama’s Under Secretary for Terrorism Appointed CEO of Libra
A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association. May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO.Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and Barack…