A Chinese-British woman, Jian Wen, is facing charges in London for allegedly helping a fugitive, Yadi Zhang, launder Bitcoin (BTC) obtained from proceeds of a previous investment fraud that affected nearly 130,000 investors. Authorities seized devices holding over 61,000 Bitcoin that came from $6.34 billion previously stolen by Zhang from investors in China. A Fake...Read More
Block Inc., a fintech company co-founded by former Twitter CEO Jack Dorsey, has laid off some of its employees, making it the second time in two months that the company is cutting down on its workforce. The cuts are in line with a previous statement by Dorsey, who said that the firm is aiming to...Read More
As stated in an SEC filing on Tuesday, the ETF provider Global X has withdrawn its application for a spot in Bitcoin ETF. The CBOE BZX Exchange submitted a notice of withdrawal for the Global X Bitcoin Trust on January 26, roughly two weeks after the SEC approved 11 other spot Bitcoin ETFs. Global X...Read More
Defunct crypto exchange FTX expects to pay its customers and creditors back “in full” after the company’s collapse over a year ago left counterparties billions of dollars in the hole. Given its optimistic projections, the team overseeing the bankruptcy has also dropped plans to potentially relaunch the exchange. FTX Plans A Full Asset Recovery During...Read More
Alex Chriss, the CEO of payment company Paypal, announced to the staff on Tuesday that an additional 9% of the workforce, approximately 2,500 positions, will be cut. The development follows PayPal’s decision to reduce its headcount by around 2,000 in January of the previous year. Paypal Further Reduces Workforce In a letter, the newly appointed...Read More
[PRESS RELEASE – SAN FRANCISCO AND SEOUL, United States, South Korea, January 31st, 2024] Deal Marks a Broad Strategic Partnership for Netmarble’s Web3 Arm with a Layer-1 Protocol for technology and go-to-market collaboration in web3 gaming. Saga, a leading Layer-1 protocol and developer ecosystem in web3, and MARBLEX, a gaming-focused blockchain by Netmarble Corp., announced...Read More
[PRESS RELEASE – Hanoi, Vietnam, January 31st, 2024] Heroes of Mavia, a groundbreaking Web3 AAA mobile base builder strategy game, is now available on iOS and Android app stores. This launch marks a new era in gaming, merging the thrill of strategy gameplay with the innovative aspects of Web3 technology. After a successful private beta...Read More
The highly-anticipated Dencun upgrade of Ethereum was successfully deployed on the Sepolia testnet on Jan. 30. This marks the second deployment out of three planned testnet launches, bringing the Ethereum community one step closer to embracing the features of Dencun. Smooth Sailing on Sepolia Testnet Terence Tsao, from Prysmatic Labs, the team behind the Prysm...Read More
The XRP price faced a minor pullback as the rounds of a potential hack of 213M XRP worth more than $112M surfaced within the crypto space. Following a clarification from the Ripple co-founder, Chris Larsen, that there had been a breach to his ‘personal wallet’ and not the company wallet, the price stabilised to some...Read More
Robert Kiyosaki, renowned for his book “Rich Dad Poor Dad,” is gaining attention for his strong endorsement of Bitcoin (BTC). The author positions Bitcoin as a key defense against what he perceives as systematic wealth erosion orchestrated by institutions such as the Federal Reserve, Treasury, and Wall Street bankers. Why Kiyosaki Owns Bitcoin In his...Read More
Monthly Research report of Crypto Adoption Crypto space is filled with surprises. There is always something new to grasp on. This Coinpedia report encompasses everything you need to know about the Crypto Adoption and Regulations in January 2024. We have utilized the top-notch resources to compile this simple analysis for you. Important Crypto Regulations in...Read More
Worldcoin’s legal problems are far from over. Spearheaded by OpenAI, Sam Altman’s Worldcoin initiative continues to find itself embroiled in a privacy controversy as reports emerge of a probe launched by Hong Kong’s data protection authority. HKET, a local media outlet, disclosed that six Worldcoin booths were subjected to investigation under a court warrant, with...Read More
Bitfinex, one of the oldest cryptocurrency exchanges, has announced the launch of a securities trading platform in El Salvador, the first country to recognize bitcoin (BTC) as legal tender. According to a press release seen by CryptoPotato, Bitfinex Securities El Salvador will be the Central American country’s first registered and licensed digital assets service provider....Read More
Chris Larson, Ripple’s co-founder and executive chairman, has lost over $100 million worth of XRP to hackers in a security breach, according to a recent tweet by prominent crypto analyst ZachXBT. Reporting the incident on Wednesday afternoon, ZachXBT stated that the hackers stole approximately 213 million XRP worth around $112 million from one of Ripple’s...Read More
[PRESS RELEASE – Dubai, UAE, January 31st, 2024] The BNB Chain 2024 outlook introduces the “One BNB” concept, a multi-chain paradigm that interconnects BNB Smart Chain (BSC), opBNB, and Greenfield The outlook targets the onboarding of more high frequency DeFi, Artificial Intelligence (AI), DePIN, and fully on-chain games to achieve mass adoption opBNB will build ‘opBNB...Read More
A significant uptick in the flow of BTC from miner wallets to spot exchanges was flagged on January 29th, marking the highest volume since May 16, 2023. According to CryptoQuant’s analysis, over 4,000 BTC, equivalent to approximately $173 million, entered these exchanges, signaling substantial selling pressure. Interestingly, despite this influx, the market appears to have...Read More
DEBT Box, a company that primarily provides users of its services with crypto mining software, was taken to court last year by the SEC. According to the regulator, DEBT Box had defrauded investors to the tune of $50 million by selling unregistered securities. The company, which provides an ecosystem to go along with its software,...Read More
[PRESS RELEASE – Dubai, the United Arab Emirates (UAE), January 30th, 2024] $DEFI Token secures listings on the 7 most popular crypto exchanges, including ByBit, KuCoin, Gate, MEXC, Bitget & Bitmart. Trading will start on January 31st De.Fi, the Largest Web3 Super App, excelled with the most prominent public sale in 2023, raising a staggering...Read More
Manta Network continues to grow despite the bearish pressures, as the bulls seem confident of reaching the higher targets. After the recent retest, MANTA appears to be ready for higher breaking out in the lower time frames. But the token managed to withstand the upward pressure, which paved the way for the bulls to initiate...Read More
DeFi regulation has been a major bone of contention among regulatory watchdogs across the world. A recent paper, authored by Rebecca Rettig, Katja Gilman from Polygon Labs, and Michael Mosier from Arktouros, proposes a strategy to classify truly decentralized DeFi protocols as critical infrastructure. This classification would place them under the oversight of the US...Read More
The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals promoted a fraudulent cryptocurrency investment program that promised investors high returns. A $1.89 Billion Crypto Scam In a press release on Jan. 29, 2024, the DOJ said that Sam Lee,...Read More
Mark Cuban recently took to X on Monday afternoon for a spontaneous Ask Me Anything (AMA) session with his 8.8 million followers, where he touched on various topics, including crypto-related ones. When asked about his preferred cryptocurrency ventures beyond Bitcoin and Ethereum, Mark Cuban highlighted Polygon and Injective, declaring, “I’ve invested in both (DYOR).” Dallas...Read More
German police officers executed a historic crypto seizure earlier this month, claiming over 50,000 Bitcoin (BTC) from two aged men for copyright law violations over a decade ago. Worth $2.1 billion at today’s price, the action represents the largest ever Bitcoin seizure for German authorities, and one of the largest ever executed by law enforcement...Read More
The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023 due to several factors, including a massive settlement with U.S. regulators two months ago. According to a tweet from crypto market data provider Kaiko, the market share of the leading trading platform has risen...Read More
[PRESS RELEASE – GRAND CAYMAN, Cayman Islands, January 30th, 2024] In the past four months, Sui TVL has jumped by more than 1000%, vaulting the network past Base, Cardano, and Bitcoin in its meteoric DeFi rise Sui, a leading Layer 1 blockchain that was created by the team that led Meta’s Diem crypto project, continued...Read More
In a recent blog post titled “The promise and challenges of crypto + AI applications,” Ethereum co-founder Vitalik Buterin delves into the evolving relationship between cryptocurrency and artificial intelligence (AI). Acknowledging the increasing importance of both technologies over the past decade, Buterin explores potential intersections and synergies between crypto and AI. Shifting Perspectives and Intersections...Read More
In a recent development, Invesco and Galaxy Asset Management have joined the ongoing battle over fees in the spot Bitcoin ETF space. The two companies announced that the Invesco Galaxy Bitcoin ETF (BTCO) will now have an expense ratio of 0.25%, reduced from its previous 0.39%. The fund will waive its fees for the initial...Read More
Ethereum is among the cryptos that trade with acute strength, maintaining a significant upswing ever since the trend flipped at the beginning of 2023. The bullish push in the last few weeks has induced notable strength in the second-largest token, which is again approaching the pivotal resistance level. Previously, it faced a massive rejection that...Read More
[PRESS RELEASE – Sherman Oaks, United States, January 30th, 2024] Shurick Agapitov, a visionary author and the Founder of Xsolla unveiled his groundbreaking new book, “Once Upon Tomorrow,” today. This pioneering work offers a transformative and aspirational vision of the Metaverse, contrasting markedly with mainstream narratives. Agapitov’s book is a thought-provoking journey into the possibilities...Read More
[PRESS RELEASE – Singapore, Singapore, January 30th, 2024] Decentralized derivative trading platform BBO Exchange (BBOX) has announced the successful completion of its pre-seed funding round. Co-led by prolific early-stage venture funds Hashed and Arrington Capital, the round raised $2.7 million and attracted participation from several major ecosystem players including Consensys, CMS Holdings, Flow Traders, Manifold...Read More
