News

Bitcoin experienced a second surge within a span of 24 hours following the announcement by investment management giant BlackRock that it had filed paperwork for a spot bitcoin exchange-traded fund (ETF). As a result, Bitcoin surpassed the $26,000 mark and soared to its highest level in a week. According to CoinDesk data, the leading cryptocurrency

Delio, a virtual asset management and lending platform based in South Korea, has temporarily halted customer withdrawals as a precautionary measure to safeguard their assets. The decision was prompted by the recent suspension of digital asset deposits and withdrawals at Haru Invest, a similar entity. This suspension at Haru Invest has caused increased market volatility

Brink, a non-profit organization dedicated to assisting Bitcoin developers, has recently revealed a significant contribution of $5 million from Jack Dorsey, the CEO of Block, and his Start Small funding group. In a tweet posted on June 14th, Brink announced that Dorsey and Start Small have committed to donating $1 million annually for the next

For the first time in almost a year, the Federal Reserve declared on Wednesday that it would maintain its key interest rate at around 5%. The Fed’s decision to hold the rate was influenced by signs of reducing inflation, which prompted the Fed to evaluate whether previous rate hikes had already been sufficient in curbing

Following the Federal Reserve’s announcement of a probable restart of interest-rate hikes, cryptocurrency values fell significantly across the entire market. The Fed’s decision to stop its tightening cycle, followed by the possibility of rate hikes, sent shockwaves across numerous risk assets, resulting in a decline in the cryptocurrency market. Stephane Ouellette, CEO of FRNT Financial,

Binance.US, the United States arm of the cryptocurrency exchange Binance, may need to transfer all its assets based in the U.S. to new wallets. However, under a proposed consent order, the company would be allowed to fulfill its financial obligations. The U.S. Securities and Exchange Commission (SEC) and BAM Trading, the operator of Binance.US, have

On June 7, the price of BNB, Binance’s native cryptocurrency, fell roughly 7.3%, going below $275 and reaching its lowest level in three weeks. The downward pressure on BNB stems from two consecutive pieces of bad news. Firstly, a recent exposé by Reuters alleged that Binance had laundered “at least $2.35 billion in illicit funds.”

According to blockchain analysis company Elliptic, approximately 5,500 cryptocurrency wallets have been impacted by the attack on Atomic Wallet, a noncustodial decentralized wallet. This exploit has resulted in users reporting complete losses on their cryptocurrency holdings. The incident has sent shockwaves throughout the crypto community since Atomic Wallet’s core concept relies on users taking full

Representative Warren Davidson introduced the “SEC Stabilization Act” to the House of Representatives on June 12 in an effort to protect the integrity of the United States’ capital markets. The proposal to remove Gary Gensler, the current Chair of the Securities and Exchange Commission (SEC), lies at the heart of this legislation. Expressing his concerns,

Polygon Labs recently unveiled “Polygon 2.0,” an extensive upgrade that aims to establish the “Value Layer” of the internet, allowing users to create, exchange, and program value. Through a series of upgrades, Polygon 2.0 will reimagine various aspects of the Polygon ecosystem, ranging from protocol architecture to tokenomics to governance. The company envisions Polygon 2.0