The Coinbase Chief Legal Officer (CLO), Paul Grewal, has vehemently countered a recent report by the U.S. Government Accountability Office (GAO). The report raised concerns about the use of cryptocurrencies to evade U.S. economic sanctions. The GAO report highlighted instances where foreign states facing U.S. sanctions used cryptocurrencies like Bitcoin (BTC) to circumvent the intended […]

The technology market is evolving at a rapid pace lately and artificial intelligence (AI) stocks have emerged as a leading player in the space. Notably, the AI as well as the generative AI (GenAI) sectors are now among the hottest trend globally, due to their wide use cases. However, it’s also worth noting that the […]

BNB Smart Chain (BSC) on Monday said that the contract blockchain saw a steady decrease in financial losses from security breaches in 2023. The Binance-backed blockchain network published a report on Monday stating that the total financial loss dropped to just $97 million in 2023. BSC sees a drop in losses from security incidents BSC […]

The JPEX case in Hong Kong has sprung back to life, sending shockwaves through the cryptocurrency community. After months of silence, authorities have frozen assets worth over US$29 million linked to the collapsed exchange. With key figures arrested and ongoing investigations, concerns over fraud in the digital asset space are reignited. JPEX Crypto Exchange Assets […]

The now-bankrupt exchange FTX has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). This massive sell-off revealed through confidential data and anonymous sources, is part of FTX’s ongoing bankruptcy process. The exchange aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it […]

Magic Eden, a prominent player in the NFT marketplace, has introduced its latest innovation—a platform for Bitcoin Runes. Scheduled for release on April 23, 2024, the platform was released earlier, according to a company representative. Among the features of this new update is the possibility of transferring BTC and buying Runes and Ordinals directly with […]

Blockchain and lending startup Figure Technologies Inc., led by former SoFi Technologies Inc. CEO Mike Cagney, is aiming for approval from the U.S. SEC to launch interest-bearing stablecoins. Figure Introduces Interest-Bearing Stablecoins This unconventional move seeks to establish a new category of stablecoins with federal legitimacy. If successful, Figure will introduce the first stablecoin regulated […]

Pro-XRP lawyer Bill Morgan has made a compelling argument regarding Ripple’s On-Demand Liquidity (ODL) sales. Moreover, he emphasized that these ODL sales do not constitute investment contracts. Morgan’s assertion comes amidst Ripple Labs’ ongoing legal battle with the United States Securities and Exchange Commission (SEC) over the classification of XRP. Ripple Vs SEC: Why Are […]

Terra Luna Classic community votes on another key proposal to bring changes to the chain impacting internal storage before developers start making key upgrades to the chain. It restricts developers from exporting the state of Terra Classic into a genesis.json file, which is crucial for testnets. The proposal is receiving unanimous support from validators as […]

The gaming tokens have surprisingly surged during the week. Moreover, the price of bitcoin most recently reached an all-time high of more than $71,000. Leading altcoins with significant gains, including Ethereum, Dogecoin, Cardano, and others, have joined in the celebration. Alongside, gaming cryptocurrencies like Immutable X, Beam, Gala, and MultiversX have shown positive momentum throughout […]