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Crypto donations reach $190 million ahead of the 2024 US elections

September 16, 2024 1 min read

The 2024 US election is imminent, with crypto donations totaling $190 million, signifying an increasing connection between the crypto sector and politics. This rise is substantial, as both Democratic and Republican candidates strive to gain the support of the crypto community, indicating a crucial juncture for incorporating digital assets into mainstream politics. The surge of political contributions from the crypto business may induce significant transformations, perhaps facilitating more advantageous rules

KuCoin launches a $200,000 staking reward campaign for CATI holders

September 15, 2024 1 min read

KuCoin has created a new reward opportunity for users via the Catizen Telegram Bot, totaling $200,000 KCS. Users can bet CATI tokens to generate KCS, allowing them to increase their holdings while remaining active in the Catizen ecosystem. The staking campaign is open to any CATI holders looking to increase their KCS holdings. To participate, users must open the Catizen Telegram Bot, find the Airdrop icon, go to the staking

Coinbase launches a $6M fund to support NFT projects against SEC scrutiny

September 15, 2024 1 min read

Coinbase’s political advocacy group, Stand With Crypto, has established the Creator Legal Defense Fund to promote non-fungible token (NFT) initiatives. The $6 million fund, funded by venture capital firm a16z and NFT marketplace OpenSea, is in reaction to increased regulatory scrutiny, including a Wells notice issued to OpenSea by the US Securities and Exchange Commission. The fund’s goal is to defend the crypto community and urge creators to resist “misguided

CEX.IO Restarts UK business and claims to have met FCA compliance requirements

September 12, 2024 1 min read

CEX.IO, a centralized crypto exchange, has recommenced operations in the UK following a 10-month suspension due to compliance with Financial Conduct Authority (FCA) laws and a partnership with Nexo. The provisional suspension in October 2023 was a reaction to new FCA directives intended to bolster consumer safety within the cryptocurrency industry. CEX.IO currently provides access to 190 digital assets for its UK clientele, with more than 68% of its customer

Sony’s new Soneium blockchain testnet is live

September 11, 2024 1 min read

Sony Group has introduced its proprietary blockchain platform, Soneium, which incorporates Web3 technology into everyday life, offering developers a scalable, secure, and economical framework for creating creative apps. Sony has collaborated with prominent blockchain platforms including Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph to improve the platform’s usefulness, scalability, and security. Soneium has introduced a testnet, named “Minato,” enabling developers and early users to engage with the network

Binance secures regulatory approval in Kazakhstan

September 8, 2024 1 min read

Binance, the world’s largest cryptocurrency exchange by trading volume, has received approval to operate in Kazakhstan, marking a huge regulatory success for the exchange. The Astana Financial Services Authority’s (AFSA) license enables Binance Kazakhstan to become the country’s first fully regulated Digital Asset Trading Facility (DATF). Binance Kazakhstan will be able to run a virtual asset trading platform, engage in major investing operations, and provide digital asset custody services once

The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate

Binance CEO Richard Teng calls for the immediate release of executive Tigran Gambaryan

September 4, 2024 1 min read

The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate. The worsening of his illness following his contraction of malaria in May has sparked concerns, as there are allegations that officials have denied him adequate medical treatment. An unsettling video has surfaced depicting Gambaryan’s arduous attempt to walk on crutches as a result of spinal complications. Binance CEO Richard Teng expressed disapproval

Bitcoin (BTC) briefly falls to $55,500, its lowest since August 8

September 4, 2024 1 min read

Bitcoin (BTC) fell to its lowest level since early August, with losses in U.S. and Asian equity markets causing major stocks to tumble nearly 10%. BTC briefly fell to $55,500, its lowest since August 8, reversing nearly all gains in the past month. Major tokens Solana’s SOL and Ethereum (ETH) dropped by over 7%. U.S. stocks, including Nasdaq 100 and S&P 500, lost over $1 trillion on Tuesday, triggering a

The price of Cardano is currently seeing difficulties as a result of being overvalued and a lack of investor trust

Cardano struggles as crypto whales sell $326 million after the Chang hard fork

September 3, 2024 1 min read

The price of Cardano is currently seeing difficulties as a result of being overvalued and a lack of investor trust, indicating that it may require further time to recuperate from the recent Chang hard fork. The Cardano Network Value to Transaction (NVT) ratio has recently achieved its highest level of the year at 6.43, suggesting the possibility of forthcoming difficulties. Overvaluation is generally considered a negative indicator, frequently resulting in

Crypto investment products sees over $300 million in outflows last week

September 3, 2024 2 mins read

Last week, there was a substantial decrease in the amount of money invested in crypto-based investment products, with a total of $305 million being withdrawn. This decrease was mainly caused by a decrease in investments in Bitcoin. The withdrawal, predominantly influenced by Bitcoin, indicates a prevailing pessimistic feeling among investors in different geographical areas. Between August 26 and August 31, the United States was responsible for the largest amount of

Vitalik Buterin dismisses fears about Ethereum Layer-2 fund security

September 2, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has denied allegations that the network’s Layer-2 (L2) solutions carry a potential danger of confiscating users’ cash. He asserts that these solutions do not have the power to unilaterally remove assets. This follows recent debates on social media regarding the security of Ethereum’s Layer 2 (L2) networks, with a specific focus on platform X. Justin Bons, the founder and Chief Investment Officer (CIO) of

Vitalik Buterin moves 800 ETH worth over $2 million to a multi-sig wallet