Technology entrepreneur, philanthropist, and co-founder of multinational technology giant Apple, Steve Wozniak, has criticized Elon Musk, billionaire CEO of Tesla and also owner and CEO of Twitter, for failing to fulfill the promise to launch self-driving cars. Wozniak also said Tesla could kill, referring to the car model as an example of artificial intelligence (AI)...Read More
Bankrupt crypto exchange FTX missed the potential to own billions of dollars worth of SUI tokens after it sold its warrant rights to the native token of the nearly launched layer-1 blockchain too early. Following the much-anticipated launch of the Sui mainnet, the price of the SUI token rose to over $3 before dropping in...Read More
OPNX – the project created by the defunct hedge fund Three Arrows Capital (3AC) founders – has been controversial from the very start. The exchange has now been reprimanded for conducting unregulated activity. Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a written reprimand to five OPNX founders, including Kyle Davies and Su Zhu, for...Read More
On April 27, Bitget announced it has pledged $10 million for the development of the Fetch.ai ecosystem. Bitget plans to provide a range of services to Fetch.ai, including marketing consultations and strategic directions. Fetch.ai provides a service automation infrastructure that is powered by an AI agent network. These autonomous agents perform various tasks, including data...Read More
The United Kingdom is gearing up for tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. The country’s taxation division – HM Revenue and Customs – released a consultation document seeking views on modifying the tax treatment of DeFi lending and staking. The final decision on whether to proceed with legislative changes will...Read More
US payment giant Mastercard has dispatched a new Web3 solution that seeks to bring more trust to blockchain transactions. Dubbed ‘Mastercard Crypto Credential,’ the offering will establish a set of common standards and infrastructure that will “help attest to trusted interactions among consumers and businesses using blockchain networks.” Mastercard Crypto Credential In a blog post...Read More
Google Cloud announced plans to assist Web3 startups and projects to build and scale faster and more securely. The new offering expands on the existing initiative called – “Google for Startups Cloud Program” by including additional Web3-specific benefits. The Initiative According to the official press release, eligible Web3 technology projects and startups from pre-seed to...Read More
The United States Department of Justice notified that the former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million. The exec used to trade cryptocurrencies and “meme stocks” with the stolen funds. According to the official press release, US District Judge Paul A....Read More
After a turbulent 2022 owing to macroeconomic headwinds, Solana’s performance improved substantially in the first quarter of the year. Data suggested that its market cap increased by more than 118% QoQ along with the broader market. Furthermore, numerous ecosystem developments fueled fee payer and transaction activity during Q1. Solana’s Performance in Q1 Solana’s network outages...Read More
Binance CEO, Changpeng “CZ” Zhao is rich; well, mega-rich. But he’s just not as rich as Bloomberg thinks, at least, he said so. But even though he is one of the richest men in the world, he is far from reaching the wealth of other tech industry billionaires, contrary to Bloomberg’s inaccurate assertions. On April...Read More
The world’s largest cryptocurrency exchange – Binance – aims to begin operating on the Japanese market after June this year. This will mark the company’s return to the Land of the Rising Sun after leaving in 2018 due to regulatory issues. Sakura Exchange BitCoin (SEBC) announced that Binance Japan will start providing services and products to...Read More
Brian Armstrong, the chief executive officer of American crypto exchange Coinbase, and the company’s chief legal officer, Paul Grewal, have responded to a Wells Notice issued by the U.S. Securities and Exchange Commission (SEC) weeks ago in preparation for enforcement action. In a recent YouTube video, the Coinbase executives insisted that the SEC’s notice was...Read More
Analysts at Bernstein Private Wealth Manager think the shaking banking system in the United States could benefit bitcoin adoption and potentially increase the price of the asset. The experts went further, advising people to invest in BTC, which could soon enter a new bull run due to the shaking condition of traditional finance. Weak Banks...Read More
The shares of First Republic Bank have declined to a record low after the lender announced that depositors withdrew over $100 billion in the first quarter. It has been under massive pressure since a series of bank failures in the United States sparked fears of a wider crisis. The private-sector initiatives are being led by...Read More
The US Federal Bureau of Investigation (FBI) reportedly searched the home of Ryan Salame – the former CEO of FTX’s Bahamian subsidiary. The raid comes several months after the gigantic collapse of the once-prominent crypto giant. Numerous agencies, prosecutors, and failed investors have claimed the exchange committed fraud against its customers, calling upon severe punishment...Read More
A South African fugitive who ran an unregistered commodity pool to defraud unsuspecting victims of foreign exchange and bitcoin has been ordered to pay over $3 billion in restitution and civil monetary penalty. The judgment marks the largest monetary penalty ever recorded in a CFTC fraud case involving bitcoin. CFTC’s Biggest Bitcoin Fraudulent Case A...Read More
Popular digital asset trading platform Crypto.com has partnered with technology giant Samsung to offer an optimized version of its app for Samsung Galaxy Z Fold devices, including the recently launched Z Fold4. In a statement released Thursday, Crypto.com announced the new update, Version 3.158.1, which features an enhanced trading and analysis experience specifically for Galaxy...Read More
Polygon announced that Polygon Bridge is now available for Polygon zkEVM. The development comes a month after the launch of the zero-knowledge rollup on Mainnet Beta. The symbolic first transaction on Polygon zkEVM Mainnet Beta was performed by Ethereum co-founder Vitalik Buterin. Polygon zkEVM Mainnet Beta is designed to be an all-purpose Ethereum scaling protocol...Read More
Fintech firm Circle announced the mainnet availability of Cross-Chain Transfer Protocol (CCTP) for developers building on Ethereum and Avalanche networks. The protocol will essentially allow USDC to flow natively across supported chains by burning the native stablecoin on a source chain and minting the same amount on a destination chain. The “burn and mint” process...Read More
Blockchain security firm CertiK and zk-Sync decentralized exchange (DEX) Merlin are working towards a plan to reimburse users affected by a recent exploit that drained almost $2 million from the latter. Merlin revealed on Thursday that the incident, which was widely believed to be an exploit, was, in fact, a rug pull by several rogue...Read More
H.C. Wainwright, a leading New York investment bank, has notified its investors that crypto winter is finally over. Furthermore, crypto lending platforms that have been able to weather the storm will be uniquely poised to profit from a likely future hype train – chief among them being Coinbase. Scarcity Drives Value In the words of...Read More
Digital Currency Group (DCG) alleged that a group of Genesis Capital creditors has “reneged and raised” new demands more than two months after agreeing to a comprehensive settlement. The bankruptcy case seemed to be on its way to being resolved, but the latest rejection is expected to prolong the court process, according to the Barry...Read More
Hodlnaut, a crypto lending platform that went under due to crypto winter, has been under judicial management since August 2022. This decision shielded the firm from lawsuits that it would have had to deal with in return for far greater scrutiny from regulators. Terraform Labs Exposure Was The Main Culprit According to Hodlnaut’s leadership –...Read More
The digital copy of Satoshi Nakamoto’s Bitcoin whitepaper was an Easter egg that was located earlier this month embedded within a test scanner app on macOS. But Apple has now removed it from the latest beta version of its operating system. With the removal of the test scanner app called Virtual Scanner II from the...Read More
Ethereum-based decentralized exchange (DEX) Merlin, which uses zero-knowledge sync (zkSync), has lost more than $1.8 million in a liquidity pool exploit hours after smart contract security firm CertiK audited its code. The hack occurred on Wednesday morning during the public sale of Merlin’s native token, MAGE, with the attacker siphoning several assets, including USD Coin...Read More
The Securities Commission of the Bahamas reportedly plans to strengthen the domestic cryptocurrency regulatory framework after the collapse of FTX, which was based in the island nation. One such amendment will be the prohibition of algorithmic stablecoins and privacy tokens. The Bahamas was also where Sam Bankman-Fried (SBF) – the former CEO of FTX –...Read More
Austrian cooperative banking company – Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) – has partnered with Bitpanda to roll out crypto investment services through the latter’s software as a service (SaaS) offering. With this collaboration, RLB NÖ-Wien has become the first major traditional bank in the European Union to move into digital assets. The Partnership Alongside crypto investment,...Read More
Amazon Web Services (AWS) – a cloud computing platform provided by the retail giant – collaborated with the Web3 startup that focuses on DeFi and blockchain games – Cronos Labs. CRO – the native token of the ecosystem – climbed by 13% shortly after the announcement. A Breath of Fresh Air for CRO AWS disclosed...Read More
First Republic Bank stock (FRC) lost half its value on Tuesday, April 25, following a disappointing quarterly earnings report. The embattled bank was the worst performer on the S&P 500 for the day as investors dumped its shares. Since the beginning of the year, First Republic stock has dumped 93%. The bank has become the...Read More
Despite intensive scrutiny by US regulators, FTX continues to receive offers from companies that could help it bounce back from bankruptcy – or at least pay its creditors. On April 25, the former crypto giant announced the closure of a deal with a subsidiary of Miami International Holdings (MIAX Technologies), a US company operating global...Read More
