Crypto news

The first-ever spot bitcoin ETF starts trading today in Australia. Listed on Cboe Australia, the Monochrome Bitcoin ETF (IBTC) is managed by Monochrome Asset Management Pty Ltd. The Australian Securities & Investments Commission (ASIC) approved the exchange-traded product sometime during the first quarter of 2024. With the listing going live on June 4, 2024, IBTC becomes the first ETF on Cboe to offer investors direct exposure to bitcoin in a completely regulated setting. According to...

PHILIPPINE’S DIGITAL FINANCEFRONTIER: FINTECH UNLEASHED Makati,Philippines- 12/07/24 We TraiCon Events will be hosting Philippine’s premier fintech event titled as “Fintech Revolution Summit” scheduled on 12th July 2024 in Makati City: The Financial Hub of the Philippines. This summit aims to bring together 400+ BFSI experts& fintech leaders to discuss and deliberate the trends around financial technology and investment opportunities for the finance sector. Fintech founders, central bank...

According to Cellula’s official twitter, on June 4th, Cellula will partner with Web3 wallet suite SafePal to launch the Wallet Holder Offering (WHO) airdrop campaign, distributing 2.4 million Cellula tokens (CELL) and 70,000 BitLife NFTs to users. TGE is planned for Q3 and finalized details will be announced on Cellula’s official channels. The campaign is limited to a first-come, first-served basis for the first 70,000 participants till June 25th, and users can complete designated tasks...

Following the Keynote 2 event, BlockDAG has captured significant attention, leading to a record-breaking $40.8 million raised in its latest presale. This surge in interest highlights the effectiveness of BlockDAG’s innovative approach and strategic vision.  The recent Dev Release 38, which introduced a new timestamp-based sorting algorithm, showcases the company’s commitment to technological advancement. Despite facing competition from notable players like HBAR and Kaspa, BlockDAG’s...

Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.” In an update on June 3rd, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the reasoning that it is “impossible to agree on a group of people perceived as credibly neutral by nearly everyone.” Matter Labs Drops “ZK” Trademark Effort Matter Labs had previously filed to trademark the term zero-knowledge...

Sam Kazemian, founder of Frax Finance, has alleged that an inside job at X was responsible for the hack of the project’s official account. The breach, which occurred on June 1, led to the decentralized stablecoin protocol behind FRAX USD losing access to its X account. Frax Finance Hack In a Telegram post dated June 3, Kazemian mentioned that the Frax Finance team is “reasonably sure” they have identified the perpetrator, described as a “serial scammer” known to blockchain...

Michael Saylor, Founder and Executive Chairman of MicroStrategy and avid bitcoin supporter, and his company have settled with the District of Columbia for $40 million on what is being called the biggest-ever tax fraud recovery in the district. The District of Columbia brought the suit in 2022 – the first-ever lawsuit filed under the False Claims Act, which accused Saylor of evading taxes while he resided in the district. DC officials claimed he evaded paying taxes for the 10-year period he...

Social Capital CEO Chamath Palihapitiya recently predicted that Bitcoin will reach $500,000 per coin by the end of this year, based on he trajectory of previous halving cycles. The billionaire venture capitalist’s prediction blows past those of bank analysts at firms like Standard Chartered and Bernstein, who believe the halving will be a significant but more modest catalyst for price appreciation over the next 18 months. How Bitcoin Performs After The Halving In an episode...

US President Joe Biden signed a veto to stop a resolution from overturning the Staff Accounting Bulletin No. 121 (SAB 121) of the SEC (Securities and Exchanges Commission) on Friday, riling immediate contention from the crypto industry. The resolution to rescind the SEC’s guidelines saw bipartisan support in both the Houses of Congress – the House of Representatives and the Senate, with them voting 228 to 182 and 60 to 38, respectively, to repeal the bulletin. SAB 121 is an accounting...

There are too many scams in the crypto industry, some more serious than others. OneCoin is one such infamous scam that put its founder Ruja Ignatova, on the FBI’s most wanted list. However, the Bulgarian Cryptoqueen has been elusive to law enforcement authorities since 2017, leading to many speculations on whether she is still alive or not. The OneCoin Ponzi scam defrauded investors of over $4.5 billion by projecting it as the next big cryptocurrency after Bitcoin. Introduced in 2014,...