Bitcoin News and Altcoins News
Key Insights: Ripple collaborates with HashKey DX to deploy XRP Ledger-based solutions in Japan, enhancing enterprise blockchain applications. Through the partnership, SBI Group will be the first in Japan to implement these new blockchain-powered supply chain finance solutions. HashKey DX’s proven supply chain solutions, successful in China, will now support Japanese businesses in collaboration with … Read more
Key Insights: MicroStrategy now controls 214,400 Bitcoins, purchasing an additional 122 for $7.8 million as of April 2024. Q1 2024 saw MicroStrategy achieve a gross profit of $85.2 million, marking a 74.0% gross margin despite revenue decline. Despite operational losses, MicroStrategy continues its aggressive Bitcoin acquisition, reflecting confidence in its digital asset strategy. MicroStrategy, a … Read more
Key Insights: Russia’s cryptocurrency ban targets all forms, allowing only locally issued digital assets starting in September. The Russian government aims to protect the ruble’s role as the sole currency through restrictive cryptocurrency regulations. Digital rubles and specific central bank projects will be exempt from Russia’s comprehensive cryptocurrency ban. Russia is set to introduce a … Read more
Key Insights: USDC’s transaction volume reached $456 billion last week, vastly outpacing USDT’s $89 billion. Despite a higher circulation of USDT, USDC dominates 50% of the total stablecoin transactions in 2024. Visa’s partnership with Circle since 2020 has contributed to the increased use of USDC for transactions. Visa has recently reported that Circle Internet Financial’s … Read more
Key Insights: Australia’s ASX is expected to approve its first spot Bitcoin ETFs by 2024, aligning with global cryptocurrency trends. BetaShares and VanEck lead preparations for new cryptocurrency funds, targeting Australia’s $2.3 trillion pension market. Earlier efforts on CBOE Australia saw limited success, prompting a shift to the larger ASX for better exposure and inflows. … Read more
Key Insights: Io.net detected a SQL injection breach affecting GPU metadata during a surge in API write operations. Remedial actions included SQL injection checks and the deployment of user-specific authentication solutions. Despite the attack, Io.net’s hardware remains secure, safeguarded by robust permission layers. Io.net, a key player in decentralized physical infrastructure, recently faced a cybersecurity … Read more
Key Insights: Franklin Templeton listed its spot Ether ETF on DTCC, signaling steps toward regulatory acceptance. The SEC has extended the review period for Franklin’s ETF to June 11, citing the need for a thorough evaluation. Industry leaders express mixed optimism about the approval of Ether-based ETFs amidst regulatory hesitancy. Franklin Templeton listed its new … Read more
Key Insights: Consensys asserts that Ethereum should remain unregulated by the SEC, claiming it functions more like a commodity. The SEC’s aggressive stance towards Ethereum could halt its use in the U.S., impacting numerous sectors. Consensys initiated legal action to prevent SEC from classifying Ethereum-related applications as securities. Today, Consensys took a significant step to … Read more
Key Insights: Changpeng Zhao’s legal team argues for probation, citing his first-time, non-violent offense status and extensive community backing. U.S. prosecutors advocate for a 36-month sentence for Zhao over anti-money laundering law violations. Numerous industry figures and family members have submitted letters supporting Zhao’s plea for probation. Binance founder Changpeng “CZ” Zhao’s attorneys have requested … Read more
Key Insights: William Morro was implicated in transferring $35 million related to the OneCoin scheme to Hong Kong. U.S. prosecutors have accused Morro of conspiracy to commit bank fraud, facing up to 30 years in prison. Morro voluntarily surrendered and pleaded guilty, with his sentencing scheduled for August 1. U.S. prosecutors have charged William Morro … Read more
Key Insights: Do Kwon accuses Montenegrin courts of bizarre interpretations in his extradition case. Legal battles continue as Montenegrin courts decide to extradite Terraform Labs’ co-founder. U.S. and South Korea both seek Do Kwon’s extradition over Terra’s 2022 collapse. In Montenegro, Terraform Labs co-founder Do Kwon’s legal troubles show no signs of abating. Recently, his … Read more
Key Insights: Ripple Labs proposes a $10 million penalty, rejecting the SEC’s demand for over $876 million in various fines. Ripple asserts changes in business practices and compliance with licensing to mitigate future legal risks. The SEC’s request for substantial disgorgement and penalties faces opposition from Ripple, citing a lack of recklessness or fraud. In … Read more
Key Insights: Sam Bankman-Fried agrees to aid legal actions against FTX endorsers, contributing valuable information and documents. Celebrities like Tom Brady and Shaquille O’Neal face lawsuits for promoting FTX as part of an alleged Ponzi scheme. FTX investors may recover more from settlements with promoters, which are estimated to be worth around $1.3 million. Sam … Read more
Key Insights: World Chain will use Ethereum’s blockchain technology and ETH for transactions. Worldcoin users currently represent a significant portion of activity on the Optimism network. Over 10 million people globally use World ID to confirm their identities through Worldcoin. Worldcoin Foundation, stewarding the proof-of-personhood initiative, announced the upcoming launch of World Chain. Developed with … Read more