Market News

Bybit launches Spot Liquidity Pairing Program to enhance liquidity for projects

July 25, 2024 1 min read

Bybit crypto exchange has introduced its Spot Liquidity Pairing Program. This program aims to link reputable market makers with projects that require enhanced liquidity. The program’s objective is to offer liquidity providers substantial prospects for cooperation and exposure. Bybit will prominently showcase Premium Liquidity Providers in its recommendation list for projects, fostering robust collaborations and drawing in a greater number of potential projects to the platform. Bybit has announced the

Ferrari plans to extend its crypto payment infrastructure to the European market

July 24, 2024 2 mins read

Ferrari, the Italian manufacturer of high-end automobiles, plans to extend its crypto payment infrastructure to the European market by the conclusion of July 2024. After a successful launch in the US in 2023, Ferrari collaborated with BitPay, a prominent crypto payment provider. By the end of 2024, the company intends to expand its service to additional dealers. In October 2023, Ferrari began taking cryptocurrency payments for its luxury vehicles in

Tron Network and Ethereum hit new milestones in the number of transactions

July 24, 2024 1 min read

In recent weeks, there has been a notable surge of activity in the cryptocurrency market, particularly with the Tron Network and Ethereum blockchains achieving noteworthy milestones. The Tron Network has achieved a total of 8.1 billion transactions, with a recent daily volume of 6.8 million transactions. The TRON (TRX) native token accounted for the biggest proportion of transactions, making up 37.97% of the total. The network’s transaction count at the

Caldera raises $15M in Series A Funding Round to Build the Largest Rollup Ecosystem

July 24, 2024 1 min read

Caldera, a rollup ecosystem, has raised $15 million in a Series A led by Founders Fund, with participation from Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice Fund. The total capital raised is $25 million. Caldera team said they will use the funds to advance its Metalayer, a unified rollup network that integrates with the largest rollup ecosystem, improving efficiency, security, and scalability. In addition, they said that Caldera solves the

BlackRock launches its first video for Ethereum ETF investors

July 24, 2024 1 min read

BlackRock has published a film targeting investors who are interested in Ethereum (ETH) exchange-traded funds (ETFs) in response to the approval by the U.S. Securities and Exchange Commission (SEC) for the trading of spot Ethereum ETFs. This development occurred six months after the SEC approved spot Bitcoin ETFs, which was a momentous occasion for the cryptocurrency world. Jay Jacobs, the U.S. Head of Thematics and Alternative ETFs at BlackRock, explained

Gate.io exchange halts Japanese operations due to FSA regulatory compliance demands

July 24, 2024 1 min read

Gate.io, a prominent crypto exchange, has said that it will halt its services for consumers in Japan as a result of regulatory obstacles imposed by the Financial Services Agency (FSA) of Japan. The decision is a response to compliance requests from the FSA and will also result in the cessation of new account openings for Japanese users. Japan’s stringent laws for crypto trading, such as the Payment Services Act (PSA),

Cryptocurrency exchange OKX to stop offering services in Niger

July 22, 2024 2 mins read

OKX, a cryptocurrency exchange, has announced its withdrawal from Nigeria. Starting from July 17, 2024, all services provided to Nigerian customers will be terminated. This decision is a result of recent modifications in local legislation and regulations. The decision comes after Naira withdrawals were halted in May 2024, also due to regulatory concerns. Subsequently, the Nigerian government levied allegations against Binance, asserting that the crypto exchange had engaged in the

Gemini crypto exchange settles a nearly two-year-old $36 million crypto theft lawsuit

July 22, 2024 1 min read

The Gemini crypto exchange has reached a settlement with IRA Financial Trust regarding the misappropriation of $36 million from its crypto fund. The controversy commenced in February 2022 and revolved around Gemini’s purportedly deceptive security assertions. IRA Financial Trust said that Gemini neglected to adequately convey the significance of safeguarding the master key, resulting in the occurrence of the theft. Gemini’s habit of transmitting unsecured and unencrypted emails using the

FireUp Finance Launches Its Alpha Mainnet on Binance Smart Chain (BSC)

July 18, 2024 1 min read

FireUp Finance has initiated the deployment of its Alpha Mainnet, signifying the shift from the development phase to a fully functional and active ecosystem. The platform prioritizes user experience, self-custody, and transparent pricing, which will lead to a new era in decentralized finance (DeFi) possibilities. Waveslab Ventures, a blockchain firm, addressed its confidence in FireUp Finance’s infrastructure and its ability to make a valuable contribution to the DeFi ecosystem. They

Vitalik Buterin urges the crypto community to support politicians who uphold decentralization

July 18, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, has voiced reservations over the political strategy of the crypto movement. He argues that just endorsing candidates based only on their support for crypto is insufficient. He stressed the need for political candidates to endorse overarching principles such as decentralization, privacy, and technological freedom. He also cautioned against the potential long-term dangers of limiting the criteria for supporting political politicians. Buterin criticized the increasing tendency

ChromaWay Collaborate with EU to Implement Chromia Technology

July 15, 2024 1 min read

ChromaWay has announced its ongoing partnership with the European Union in the advancement of blockchain-powered sustainability solutions. The collaboration was showcased during the EU PCP final review meeting, in conjunction with the European Blockchain Services Infrastructure (EBSI) project of the European Union. The outcomes, presented under its institutional brand RBN Eco, demonstrated the progress made in creating decentralized applications for Digital Product Passports and Intellectual Property Rights. The solutions are

Dutch court denies bail for Tornado Cash developer Alexey Pertsev

July 15, 2024 1 min read

Alexey Pertsev, a developer for Tornado Cash, has been refused release on bail by a Dutch court while he challenges a conviction for money laundering. Pertsev received a five-year and four-month prison sentence from a three-judge panel in the Netherlands. Notwithstanding the diligent endeavors of his legal team to get bail and make arrangements for the appeal to be conducted from his residence, the court declined, resulting in his detention