Recently, OKX announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing the withdrawal of its virtual asset service provider (VASP) license application as the reason behind this move. Despite stating that
Crypto
The world bid goodbye to a beloved icon on May 24, as Kabosu, the Shiba Inu known for her role as the face of the famous “Doge” meme, passed away at the age of 18. Kabosu’s owner, Atsuko Sato, a Japanese kindergarten teacher, confirmed the news on Instagram, sharing that the dog had reached the
A recent development in the world of cryptocurrency has left many scratching their heads as bankrupt exchange FTX concluded the sale of $2.6 billion worth of discounted Solana tokens. The buyers of these SOL tokens included Figure Markets and Pantera Capital, who managed to secure the final troves of tokens after weeks of auctions. The
In a unanimous decision on Thursday, the U.S. Supreme Court ruled against Coinbase Inc. in an arbitration dispute stemming from the exchange’s 2021 Dogecoin sweepstakes. The ruling clarified the importance of determining which legal agreement takes precedence when parties are governed by multiple contracts. Justice Jackson emphasized that the question of whether parties agreed to
Recently, the United States House of Representatives made a significant decision regarding Central Bank Digital Currencies (CBDCs) by voting in favor of a bill that would prevent the Federal Reserve from directly issuing a CBDC to its citizens. This decision has stirred up debates and discussions within the online crypto community and among legislators. The
The recent announcement by the Trump campaign to accept cryptocurrency donations marks a significant shift in the political landscape. This move is seen as a reflection of Trump’s stance on valuing “freedom over socialistic government control.” By embracing cryptocurrency, the campaign is tapping into a new form of fundraising that goes beyond traditional methods. The
Peter Schiff, a well-known gold bug, has once again voiced his skepticism towards Bitcoin, this time cautioning investors about the potential negative impact a greenlight from the US Securities and Exchange Commission for spot Ethereum ETFs could have on the leading cryptocurrency. The cryptocurrency industry saw a surge of excitement this year with the approval
Recently, Gala Game, a Web3 gaming project, fell victim to a security breach in which an unknown attacker exploited a compromised or rogue admin address to mint 5 billion GALA tokens, amounting to over $200 million. This incident led to the unauthorized sale of 600 million tokens valued at $29 million on Uniswap, a decentralized
Polimec, a decentralized and community-driven funding protocol, has made its debut on the Polkadot network. This innovative platform is set to redefine the way Web3 projects secure capital and issue tokens, offering a transparent and regulatory-compliant environment for investors and startups globally. The launch of Polimec marks a significant advancement in Web3 fundraising engagement. By
Michael Sonnhenshein, the CEO of Grayscale, the world’s largest Bitcoin ETF, has announced his decision to step down from his position. In a recent press release, the company revealed that Peter Mintzberg, the current global head of strategy at Goldman Sachs’ Wealth Management Division, will be taking over as the new CEO. This change is