Finance
Several top executives at the cryptocurrency exchange Bybit have reportedly resigned following complications related to the listing of a new cryptocurrency, Notcoin (NOT). The incident, which occurred in mid-May, has impacted approximately 320,000 users of the platform, according to journalist Colin Wu. Wu linked the resignations directly to the
IT
Mastercard has introduced a pilot project named Crypto Credential, aimed at revolutionizing how cryptocurrency transactions are conducted. This innovative service allows users to send cryptocurrencies to any exchange client using easy-to-remember nicknames instead of complex blockchain addresses. Initially available in select European and Latin American countries, this initiative marks a
Finance
Cathy Wood, the CEO of ARK Invest, has made a bold prediction about El Salvador's economic future, suggesting that its Gross Domestic Product (GDP) could increase tenfold, reaching $300 billion by 2029. This significant growth is anticipated to stem from the country's adoption of artificial intelligence
Finance
In an effort to regulate the bustling cryptocurrency market within its jurisdiction, the Hong Kong Securities and Futures Commission (SFC) has announced plans to conduct a thorough examination of all cryptocurrency trading platforms that seek to operate legally in the region. Starting June 1st, the SFC will begin on-site inspections
Finance
In the world of finance and digital currencies, the U.S. Securities and Exchange Commission (SEC) plays a pivotal role in determining the trajectory of investment vehicles such as exchange-traded funds (ETFs). Recently, the spotlight has turned to the potential approval of cryptocurrency spot ETFs, particularly those involving newer tokens
Finance
In a striking political move, former U.S. President and current presidential candidate Donald Trump has declared his support for the cryptocurrency industry, making headlines with his commitment to free Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road. Trump's remarks came just hours before his
Finance
On May 22, 2024, the U.S. House of Representatives marked a significant milestone in the regulatory landscape of cryptocurrency by approving the "Financial Innovation and Technology Act of the 21st Century" (FIT21 or HR 4763). This groundbreaking legislation is poised to establish a foundational framework for the
Finance
Former U.S. President and current presidential candidate Donald Trump has started accepting political donations in cryptocurrencies, fulfilling an earlier announcement. The move aligns Trump's campaign with modern financial technologies and taps into a new demographic of tech-savvy supporters. According to details released by his campaign, these cryptocurrency
Finance
The head of research at Galaxy Research has deemed staking a "stumbling block" in the launch of spot Ethereum ETFs. Alex Thorn of Galaxy Research suggests that the SEC is open to a compromise concerning crypto funds based on the asset. The agency may classify locked tokens as
Finance
The number of new Bitcoin wallets created has plummeted to a level not seen since May 2018, signaling a potential downturn in network activity. According to a recent report from The Block, the seven-day moving average of new addresses in the Bitcoin network dropped to 275,000 for the period
Finance
In a significant move towards digital currency integration, Hong Kong has officially announced the commencement of a pilot project involving the Chinese digital yuan, known as e-CNY. This initiative, spearheaded by the Hong Kong Monetary Authority (HKMA), marks a pivotal step in the region's financial technology landscape. Under
Finance
In the rapidly evolving landscape of blockchain technology, DWF Labs, a prominent player in the blockchain ecosystem, has recently projected an imminent surge of activity on The Open Network (TON). Andrei Grachev, the founder of DWF Labs, envisions a flurry of projects inspired by the success of Notcoin, which are