Author: Emma Davis

Article written by Emma Davis

Base, Coinbase’s Layer-2 network, celebrates 1 billion transactions

November 18, 2024 1 min read

Base, Coinbase‘s Ethereum (ETH) Layer-2 network, has reached an impressive milestone of 1 billion transactions just over a year after its launch in August 2023. This achievement highlights Base’s rapid growth, surpassing networks like Bitcoin, which took over 15 years to hit similar transaction numbers. Base now ranks as the second most popular blockchain of 2024, outperforming competitors such as Optimism and Arbitrum, and has seen interest surge ninefold compared

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

November 11, 2024 1 min read

The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against its competitor Binance and its former CEO, Changpeng “CZ” Zhao. This action stems from allegations that FTX’s former CEO, Sam Bankman-Fried, engaged in a fraudulent buyout of Binance’s shares in FTX back in July 2021. Bankman-Fried’s plan involved using FTX’s own token, FTT, along with Binance’s coins, BSB and BUSD, to fund a purchase valued at approximately $1.76 billion. However,

Crypto payment gateway Alchemy Pay increases its US compliance with four additional licenses

November 8, 2024 1 min read

Alchemy Pay, a cryptocurrency payment gateway, has made significant strides in expanding its operations in the United States by securing four new money transmitter licenses (MTLs) in Wyoming, Oregon, Oklahoma, and Minnesota as of November 8th. This brings the total number of licenses held by Alchemy Pay in the U.S. to eight, following earlier approvals in states like Arkansas, Iowa, New Hampshire, and New Mexico. These licenses enable Alchemy Pay

Nearly $4.6 billion in Bitcoin and Ethereum options expire today

November 8, 2024 1 min read

Today marks a significant moment in the cryptocurrency world, with nearly $4.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options set to expire. This event comes on the heels of the recent US elections and updates from the Federal Open Market Committee (FOMC), which could lead to increased market volatility. Analysts are predicting a flurry of activity as traders make strategic adjustments as the year comes to a close.

Cronos Labs announces an expansion of its strategic partnership with Google Cloud

November 7, 2024 2 mins read

Cronos Labs, a startup accelerator dedicated to expanding the Cronos blockchain ecosystem, has announced an exciting enhancement to its partnership with Google Cloud. This collaboration positions Google Cloud as the main cloud provider for Cronos, focusing on four key areas: onboarding Google Cloud as a validator, driving technical innovation, boosting developer engagement at the intersection of AI and blockchain, and creating value for startups in the Cronos Accelerator program. Ken

Should the world expect a change in the blockchain functioning?

November 5, 2024 2 mins read

Analysis of the relationship between Bitcoin Halving and the different states’ occasions. The financial market shows visible signs of significant implications of Bitcoin’s halving event happened in 2024, particularly given the timing alongside the political events.  Historically, Bitcoin halving – where the block reward for miners is cut in half – reduces the rate at which new Bitcoin is produced, causing a supply shock that often drives prices upward. However,

Singapore’s central bank unveils new frameworks to promote tokenization

November 4, 2024 1 min read

Singapore is making strides in the financial sector by promoting the use of tokenization, which involves converting assets into digital tokens. The Monetary Authority of Singapore (MAS) has introduced new frameworks designed to encourage financial institutions to adopt tokenized assets, particularly in areas like fixed income, foreign exchange, and asset management. To facilitate this shift, MAS has rolled out two important frameworks that aim to enhance liquidity, build the necessary

Michael Saylor announces plans to raise funds to buy more Bitcoin

November 3, 2024 1 min read

Michael Saylor, the co-founder and Chairman of MicroStrategy, has unveiled an ambitious plan to raise $21 billion to acquire more Bitcoin by issuing additional shares of MSTR at current market prices. This move will likely dilute the value of existing shares, which typically leads to a drop in stock prices. Surprisingly, MicroStrategy’s stock has remained relatively stable following the announcement, thanks in part to the loyalty of its shareholders and

Tether denies allegations of a U.S. government investigation into anti-money laundering violations

November 1, 2024 1 min read

Tether has firmly rejected claims that it is being investigated by the US government for potential anti-money laundering violations, following a report from the Wall Street Journal (WSJ) that cited unnamed sources. The article suggested that federal investigators in Manhattan were looking into whether Tether had been misused by individuals involved in illegal activities. Tether responded by labeling these allegations as “pure speculation,” emphasizing that there were no credible sources

Emory University’s $15.8M investment in Grayscale’s Bitcoin Mini Trust marks a historic milestone

October 29, 2024 1 min read

Emory University has made headlines by investing $15.8 million in Grayscale’s Bitcoin Mini Trust, marking a historic moment as it becomes the first university endowment to embrace a Bitcoin ETF. This decision reflects a growing trend among institutional investors, showcasing how cryptocurrencies are increasingly being accepted in traditional finance. Bloomberg analyst Eric Balchunas highlighted the remarkable adoption of Bitcoin ETFs by various institutions, including banks, hedge funds, and family offices.

Over $5 billion in Bitcoin and Ethereum options set to expire

October 26, 2024 2 mins read

Today marks a significant moment in the cryptocurrency world, with over $5 billion in Bitcoin and Ethereum options set to expire. This event is stirring up anticipation for potential price fluctuations, particularly as Bitcoin has $4.25 billion and Ethereum has $1.01 billion in options expiring. Analysts are closely watching the “max pain points”—the price levels where most options contracts will expire worthless—which could influence market movements. As these options reach

Michael Saylor sparks controversy in the Bitcoin community by downplaying self-custody

October 25, 2024 2 mins read

Michael Saylor, the CEO of MicroStrategy, recently stirred up controversy in the Bitcoin community with his remarks on Bitcoin custody and regulation. In an interview, he expressed concerns about the risks associated with self-custody, where individuals manage their own Bitcoin, suggesting that it could lead to potential seizure or confiscation. Instead, he advocated for Bitcoin to be held by regulated institutions like BlackRock and JPMorgan Chase, arguing that this approach