Tag Archives: Blockchain News

Zodia Custody will now offer yield on digital assets to institutional clients in addition to providing its custody services. Zodia Custody, a leading crypto custody platform owned by banking giant Standard Chartered, will start providing yield on crypto holdings owned by its institutional clients. To bring this to fruition, Zodia Custody has partnered with OpenEden, a Singapore-based startup that brings real-world assets to the blockchain. Zodia Custody will use this partnership to connect...

The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for its merger with US Bitcoin Corp (USBTC). The Journey to Merger Between Hut 8 and USBTC The merger between Hut 8 and USBTC was first announced in February 2023, marking a pivotal moment in the...

In pursuit of this mission, Swisstronik has recently unveiled two groundbreaking milestones. The startup closed a seed funding round, amassing an impressive $5 million. The second pivotal development by Swisstronik is the initiation of a private token sale, targeting early adopters. Swisstronik, a Web3 compliance startup based in Switzerland, is making significant waves in the blockchain industry. What truly sets the company apart is its steadfast dedication to addressing one of the most...

JPEX attributed its liquidity difficulties to regulatory constraints and external market makers, leading to increased withdrawal fees and the suspension of specific services. According to various local media reports, Joseph Lam (Lin Zuo), a former lawyer and cryptocurrency influencer, has been arrested by Hong Kong authorities in connection with the JPEX crypto exchange. Crypto Influencer and His Ties with JPEX The arrest took place today, with law enforcement officers also conducting a...

Luckily, Cuban was quickly alerted and managed to move over $2.5 million worth of other crypto he had on Polygon to a Coinbase exchange address. It turned out to be a huge mistake for tech billionaire Mark Cuban when he decided to revisit crypto this past weekend. Having been inactive for several months, the Dallas Maverick owner thought it a good idea to look up his holdings, only to fall victim to a crypto scam. According to blockchain data, he lost around $870,000 worth of tokens to the...

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the crypto market. According to an official press release, the new firm will be the first Bitcoin-only trust company. It will combine regulatory compliance...

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation. In a recent development, the Australia and New Zealand Banking Group (ANZ), one of Australia’s major banks, is taking significant steps toward the launch of its bank-issued stablecoin A$DC. This move follows a successful test transaction conducted using Chainlink’s Cross-Chain Interoperability Protocol, and it aims to facilitate the simulation of...

If not for anything else, the latest report about clean energy usage could mean a greater move toward the adoption of BTC. A Bloomberg analyst has just reported on the present situation with Bitcoin (BTC) miners as it concerns clean energy usage. In a recent thread on X (formerly Twitter), the analyst, Jamie Coutts said that the percentage of clean energy used for Bitcoin mining has gone past 50%. That is more than 50% of Bitcoin mining now comes from renewable sources. According to...

Bybit’s approach is grounded in cooperation and compliance, seeking to create a harmonious relationship with UK regulators and authorities. Bybit, a prominent crypto exchange remains steadfast in its commitment to stay in the United Kingdom with CEO Ben Zhou reiterating that “leaving the UK is not part of our current strategy”. The New Regulatory Landscape in the UK Crypto has been the subject of intense scrutiny by regulatory authorities around the world. The UK is no exception, and its...

A large chunk of OKX’s $25-$50 million annual advertising budget goes towards its sports deals. Crypto exchange OKX wants its deals with Formula 1 team McLaren and UEFA Champions League-winning team Manchester City to last a decade. The company reportedly spends $25-$50 million per year in its sponsorship deals with the two sports teams. OKX’s Global Chief Marketing Officer Haider Rafique told The Block in an interview that the company has a five-year deal with McLaren and hopes to extend...