Crypto news

While bitcoin has undoubtedly garnered huge legions of fans over the years, there are several individuals that still fall into the “hater” category. People like Warren Buffett and Charlie Munger check the “hater” box when it comes to bitcoin sentiment, and now, Ratan Tata – one of the world’s wealthiest people – is going to join them. Ratan Tata Doesn’t Hold Any Ties to Crypto Tata recently gave an interview about why he doesn’t care for bitcoin and why he doesn’t...

A group of lawmakers in Canada is calling for full-on regulation of the crypto industry. Will Canada Regulate Crypto? In a recent report, the lawmakers wrote: While many emphasized Canada’s strong regulatory safeguards, such as provincial securities regulation and federal anti-money laundering and anti-terrorism financing obligations, witnesses stated that governments need to partner with industry to better understand this rapidly evolving sector and enact...

American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card. In a recent report, Visa’s Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees. The company is experimenting with an option to enable users to pay their on-chain gas fees directly in fiat money through card payments,...

Two Decembers ago, project funding platform Kickstarter announced it was considering a shift to blockchain, and that it was potentially looking into placing all its operations atop the same distributed ledger technology that has grown so close with digital assets. Kickstarter Says “No” to Blockchain Now, however, it appears this move is not going to happen. Kickstarter recently hired a new group of board members that have decided against the blockchain switch....

Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held by these whales ($19.6 million) was on Ethereum itself, followed by Base ($17.6 million), Arbitrum, and Optimism. Regarding tokens, ETH was the most common...

[PRESS RELEASE – London, UK, August 12th, 2023] Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in TVL, of which 260 million USD is parked under staked assets. This strategic funding round emphasizes Binance Labs’...

Bitcoin’s price performance continues to be rather underwhelming, with the asset remaining at essentially the same spot as yesterday at just over $29,000. Most altcoins are also quite stagnant today, with little-to-no movements from ETH, BNB, XRP, and others. Shiba Inu is the only exception from the larger caps. SHIB, APE, PEPE on the Rise Shiba Inu’s largest digital asset – SHIB – has been among the best performers lately, gaining double digits in the past week, as...

Sam Bankman-Fried was reportedly sent to jail on Friday as US Judge Lewis Kaplan denied his lawyers’ request to delay detention. The former crypto mogul’s court date is set for October 2nd, and he could sit in a jail cell until then if the appeal is unsuccessful. CryptoPotato reported last month the allegations presented by the New York Times that SBF had tried to intimidate one of the key witnesses in his legal battle against US authorities – the former leader of Alameda...

The Securities and Exchange Commission (SEC) has filed to postpone its decision on whether to approve or deny the Ark 21Shares Bitcoin ETF for listing on BZX. This marks the agency’s first delay on the latest wave of Bitcoin spot ETF applications, possibly indicating a similar short-term fate for rival applicants. Questions For the Public In its Friday letter, the SEC said it seeks public comment on BZX’s application, which would list the very first Bitcoin spot ETF on a...

The once-prominent cryptocurrency exchange Bittrex has reportedly agreed to pay $24 million in penalties to resolve its quarrel with the United States Securities and Exchange Commission (SEC). The agency has previously accused the platform of offering services to American clients without obtaining the necessary registration. The exchange shuttered its US operations and filed for bankruptcy protection shortly after the regulator targeted it. As reported by Bloomberg, Bittrex...