Author: Judith Faith

Article written by Judith Faith

Deutsche Bank unveils a cutting-edge Layer-2 blockchain to tackle compliance challenges

December 18, 2024 1 min read

Deutsche Bank has launched a new Layer-2 blockchain solution called Project Dama 2, designed to address compliance challenges linked to public blockchains in traditional finance. This project is part of the Monetary Authority of Singapore’s (MAS) Project Guardian. It brings together major financial institutions to look into using blockchain technology for asset tokenization. Project Dama 2 improves current public blockchains like Ethereum by prioritizing cost efficiency, security, and following regulations.

Ohio state’s lawmaker announces plans to initiate a Bitcoin Reserve

December 18, 2024 1 min read

With the holiday season coming, the cryptocurrency community is preparing for fun events, like giveaways and talks about what crypto will look like in 2025. Ohio state representative Derek Merrin has introduced HB 703, a bill to create a Bitcoin Reserve for the state. This proposed law, called the “Ohio Bitcoin Reserve Act,” aims to let the state invest in Bitcoin, helping Ohio improve its financial situation. Merrin’s bill would

EU MP Sarah Knafo urges Europe to embrace Bitcoin and reject the digital euro

December 18, 2024 1 min read

In a passionate speech at the European Parliament, MEP Sarah Knafo voiced her strong disagreement with the European Central Bank’s (ECB) plans for a digital euro, promoting Bitcoin as a better option for Europe. Knafo encouraged European countries to follow El Salvador’s example of adopting Bitcoin as legal tender three years ago, saying that accumulating Bitcoin reserves could strengthen economies in difficult times. Knafo pointed out some benefits of Bitcoin,

Ukraine plans to legalize cryptocurrencies by 2025

December 15, 2024 1 min read

Ukraine plans to legalize cryptocurrencies by early 2025, aiming to create clear rules and taxes without special tax breaks. The new law wants to control digital assets to keep finances stable and reduce risks like tax evasion and money laundering. The draft law, created with feedback from the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF), will tax profits from cryptocurrency when they are converted into fiat

A hacker stole $15.9M from Coinbase Commerce, bypassing AML detection

December 13, 2024 1 min read

A major breach has happened with Coinbase Commerce. A hacker named “Excite” stole $15.9 million by taking advantage of the platform’s Anti-Money Laundering (AML) system. A crypto investigator named ZachXBT uncovered an incident involving more than 1,700 questionable USDC transactions. The stolen money was then cleaned through the Polygon and Ethereum networks. A hacker has been showing off expensive buys online, and social media metadata hints at a possible location

South Korea’s brief martial law declaration plunges stocks and sparks a $34.2B crypto trading surge

December 8, 2024 1 min read

Last Tuesday, South Korea went through a major political change when President Yoon Suk Yeol briefly declared martial law, which surprised many people in the country. The declaration was quickly taken back, but it caused a lot of uncertainty that negatively impacted the stock and cryptocurrency markets. The Kospi index dropped by 2%. Major companies like Samsung and LG Energy Solution saw declines of 1% and 2.8%, respectively. The government

Coinbase’s Base network rejects token launch

December 2, 2024 1 min read

Coinbase’s Ethereum Layer-2 network, Base, has officially stated it will not launch its own token, despite speculation following its rapid growth. Instead, the network is prioritizing developer support and addressing real-world blockchain challenges. Jesse Pollak, Base’s lead developer, reiterated the network’s focus on building tools for innovation in decentralized applications (dApps). “There are no plans for a Base network token. We are focused on building and solving real problems,” Pollak stated

FTX intensifies its recovery efforts with 20 new lawsuits

November 12, 2024 1 min read

FTX is ramping up its legal battle by filing over 20 new lawsuits to recover assets lost to political donations, fraudulent investments, and market manipulation. These lawsuits target a range of individuals and companies, including notable figures like former White House Communications Director Anthony Scaramucci and the creators of the video game Storybook Brawl. Since its bankruptcy filing in November 2022, FTX’s administrators have launched a total of 51 legal

Over $300M in short positions liquidated as Bitcoin surges above $80K

November 10, 2024 1 min read

Bitcoin (BTC) has made headlines by surpassing the $80,000 threshold for the first time ever, thanks to a surprising surge over the weekend that led to the liquidation of $300 million in bearish trades. This 5% increase has pushed its weekly gains to over 16%, coinciding with significant political and economic events, including Donald Trump’s election as U.S. president and a 25 basis point rate cut by the Federal Reserve—both

Binance donates $3M to Valencia for flood relief

November 5, 2024 1 min read

Binance Charity, the charitable division of the well-known crypto company Binance, has stepped up to donate $3 million to the Spanish Red Cross in response to the severe flooding that has affected the Valencia region. This generous contribution is aimed at supporting urgent relief efforts in the area. The funds from Binance Charity will directly assist the Red Cross in providing essential emergency services to those in need. Known for

The SEC confirms Grayscale’s application to convert its Digital Large Cap Fund into crypto ETF

November 1, 2024 1 min read

The SEC has given the green light to Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), which could pave the way for the first multi-asset crypto ETF on the market. This decision is anticipated within the next 45 to 90 days and could significantly impact the crypto landscape. The GDLC fund currently invests in a range of crypto, including Bitcoin, Ethereum, Solana, and

From Hidden Gem to a 2100% ROI: BlockDAG’s $105.5M Presale—The Crypto Jackpot of 2024!

October 29, 2024 3 mins read

In 2021, Solana experienced a meteoric rise, skyrocketing from $1 to $260 per coin in just a few months, challenging Ethereum’s dominance in the blockchain arena. Why bring up Solana? Because BlockDAG (BDAG) is charting a similar path of explosive growth. Since kicking off its presale, BDAG’s value has soared by 2100%, amassing a whopping $105.5 million. With a successful Testnet and an early Mainnet launch imminent, BDAG is poised