ZKasino wallet has received over $20 million worth of bridged Ether, two-thirds of the missing amount, following an alleged exit scam, raising hopes for refunds from scammers. Over twenty million dollars' worth of bridging Ether has been suddenly restored to ZKasino's wallet, which is a blockchain-based gaming business. This is a remarkable change of events.…
Binance, one of the leading cryptocurrency exchanges, has announced the addition of USDC on its Dual Investment platform. Users can now participate in Buy Low & Sell High products with various USDC pairs, allowing them to earn rewards on popular cryptocurrencies. Binance, the popular cryptocurrency exchange, has recently introduced USDC on its Dual Investment platform,…
The Hong Kong Monetary Authority has established the "Project Ensemble Architecture Community" to promote interoperability among WCCBDCs and tokenized assets, aiming for seamless interbank settlement. In order to make a substantial contribution to the development of the tokenization market in Hong Kong, the Hong Kong Monetary Authority (HKMA) has established the "Project Ensemble Architecture Community."…
Robinhood CEO Vladimir Tenev expressed disappointment over a recent Wells notice during the company's Q1 earnings call. Despite facing regulatory challenges, Robinhood reported a 224% increase in crypto trading volumes, contributing to nearly 40% of its transaction-based revenue. The firm recorded its second consecutive profitable quarter with a net income of $157 million. Chief Executive…
UK Economic Secretary Bim Afolami plans to introduce new laws to regulate stablecoins and crypto, addressing the rapidly growing industry with licensing requirements, tax implications, exchange platform scrutiny, and robust security measures. https://unsplash.com/photos/red-and-blue-light-streaks-fiXLQXAhCfk On April 15, 2024, at the Innovative Finance Global Summit, the UK’s Economic Secretary, Bim Afolami, announced plans to introduce new…
The US SEC has extended the review period for Invesco Galaxy's application for a spot Ether ETF, with the deadline set for July 5. This follows similar delays for eight other potential Ether ETF issuers, including VanEck. Analysts express skepticism. The US Securities and Exchange Commission (SEC) has delayed its decision on Invesco Galaxy's application…
The Democratic Party of Korea plans to request the Financial Services Commission to review its stance on the legal status of spot Bitcoin ETFs, following opposition to its previous statement. In order to execute the promise it made during the campaign to enable spot Bitcoin exchange-traded funds (ETFs) with underlying virtual assets in the nation,…
FTX has announced a repayment plan to repay creditors and compensate for time value of investments, but valuation concerns remain over its effectiveness. A repayment plan has been disclosed by FTX, the digital asset exchange that has gone bankrupt, in order to recompense its creditors for the damages they have sustained. Repaying all claims and…
The cryptocurrency market is experiencing a bullish trend, with Bitcoin being the most popular. Businesses profit from crypto fundraising, decentralized finance, and crypto rewards, with future trends including decentralized finance and metaverse integration. The cryptocurrency market has enjoyed a bullish last few months. Bitcoin, the first and most well-known cryptocurrency, has captured…
Binance, the leading cryptocurrency exchange, has announced the completion of the integration of dYdX (DYDX) mainnet. Deposits are now open, with withdrawals becoming available once there are sufficient deposits on the network. Binance users can now participate in trading and other activities related to the DYDX token. Binance, the renowned cryptocurrency exchange, has recently finalized…