Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows

As the United States Senate begins confirming leadership posts across commerce and the treasury, there has been meaningful momentum in the crypto community as a response. This is due to the profiles of various individuals who have been reportedly nominated, as well as the anticipated economic measures by the coming administration — both of which…

While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure. 56 Total views 2 Total shares Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase

A crypto PAC used roughly $1.5 million to fund a media buy for Democrat Emily Randall, while her rival’s campaign manager criticized the move as having “sold out” the district.

Two related cryptocurrency firms have fallen foul of United States financial regulators for  entering into illegal off-exchange swaps in digital assets and foreign currency. On July 13, the U.S. Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against the two firms. The same day, the U.S. Securities and Exchange Commission (SEC) announced…

In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences. 125 Total views 8 Total shares The city of Shanghai has been in a month-long mandated quarantine, which confines its 25 million residents to their homes. Initially, the latest COVID-19 outbreak began in March of this year and…

A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. 700 Total views 31 Total shares The Kazakhstan government is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions.Several banks in Kazakhstan will soon be officially approved to service companies and businesses…

The exchange has been taken offline due to the discovery of the bug and the team has implemented an “emergency fix” and updated the decentralized exchange. Minutes before 12 a.m. UTC on June 6, the CEO and co-founder of the Elrond Network, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities”…

Blockchain firms Algorand and Attestiv are teaming up to fight insurance fraud using DLT. 1808 Total views 32 Total shares Distributed ledger technology (DLT) firm Algorand has partnered with blockchain-based tamper-proof media verification platform Attestiv to target fraud within the insurance industry.The firms will combine their tech to develop a single platform for verifying digital…

The popular social platform is about to hit a big milestone in terms of collectible avatar holders after launching “Reddit NFTs” in July 2022. 1041 Total views 15 Total shares Social platform Reddit is close to breaching 10 million holders of its collectible avatars, or “Reddit NFTs,” nearly 11 months after its launch in July…