News

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

Ethereum plummets to a critical support level of around $2,400

November 4, 2024 1 min read

The cryptocurrency market is currently experiencing a familiar lull, reminiscent of previous cycles at the start of the month. After a brief surge on Saturday, activity has slowed down significantly over the past day. Traders are keeping a close eye on the US crypto scene, especially with potential influences like Federal Reserve rate cuts and upcoming elections that could sway prices. Ethereum, the leading altcoin, has been on a downward

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

TON Foundation unveils Society DAO

November 3, 2024 1 min read

The Open Network Foundation is taking significant steps to enhance the decentralization of its blockchain network through a new governance initiative called Society DAO. Announced on November 1, this initiative aims to create a more inclusive and transparent ecosystem for the TON community. Society DAO is designed to empower community members by incorporating essential principles of decentralization, transparency, and inclusivity. According to Steve Yun, the president of the TON Foundation,

Kraken exchange is cutting 15% of its workforce

November 3, 2024 1 min read

Kraken exchange has recently made the tough decision to lay off about 400 employees, which amounts to a 15% reduction in its workforce. This move is part of a broader effort to streamline operations and enhance “organizational discipline” after experiencing significant growth that pushed its revenue past the $1 billion mark. The layoffs primarily affect senior management and executive positions. In a heartfelt message on their blog, Kraken expressed their

Securitize reaches $1 billion in on-chain issuances

November 3, 2024 1 min read

Securitize has achieved a significant milestone by surpassing $1 billion in on-chain issuances and introducing Securitize Fund Services, a new platform aimed at enhancing the efficiency of fund administration through blockchain technology. This innovative service seeks to eliminate common challenges like slow net asset valuations and cumbersome onboarding processes, ultimately streamlining digital finance operations. The Securitize Fund Services platform tackles persistent issues in fund management by providing a comprehensive solution

1inch compromised by major hack in supply chain attack

November 2, 2024 1 min read

A recent security breach has hit the decentralized exchange aggregator 1inch and other platforms like TEN Finance, stemming from malicious code embedded in the Lottie Player animation library. This vulnerability affects versions 2.0.5 and later of Lottie Player, allowing unauthorized transactions that jeopardize users’ funds and personal information. Experts are urging users to steer clear of these platforms until the issues are fully addressed. The attack originated from compromised JSON

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

R0AR launches 10,000 executive NFTs

October 31, 2024 1 min read

The Executive R0AR Society (ERS) NFT collection is a groundbreaking initiative within the R0AR decentralized finance ecosystem, marking its significance as the first of its kind. This collection features 10,000 distinct NFTs that offer holders a wealth of benefits, including crypto rewards and exclusive access to various features on the R0AR platform. Owning an ERS NFT means more than just having a digital collectible; it grants membership to a vibrant

Bhutan’s government transfers $66 million in Bitcoin to Binance

October 31, 2024 2 mins read

Recently, Bhutan made headlines by transferring a substantial amount of Bitcoin—929 BTC, valued at approximately $66.16 million—to the Binance exchange. This transfer occurred in two stages, with the first batch of 100 BTC sent in the morning, followed by a larger transfer of 839 BTC shortly after. This marks Bhutan’s first move of Bitcoin to an exchange since a previous deposit to Kraken in July. The motivations behind this significant

YouTuber MrBeast faces allegations of profiting millions from alleged crypto “pump-and-dump” schemes

October 31, 2024 2 mins read

YouTube sensation James Donaldson, widely recognized as MrBeast, has found himself in a whirlwind of controversy this year, shifting from a beloved figure known for his charitable acts to one facing serious allegations. The latest claims suggest he may be tied to over 50 cryptocurrency wallets involved in questionable trading practices. The troubles began when Ava Kris Tyson, a close friend of MrBeast, faced accusations of inappropriate behavior with a

Robinhood reports over $14 billion in Q3 crypto trading volume

October 31, 2024 1 min read

In the third quarter of 2024, Robinhood saw a remarkable surge in its crypto trading volume, hitting $14.4 billion—a 114% jump compared to the same period last year, although it was down 33% from the previous quarter. The company’s latest earnings report showcases not only an increase in users and assets but also a broader engagement with Web3 initiatives, highlighting its ongoing dedication to the cryptocurrency space despite some revenue