Tag Archives: News

The Australian government has banned its users from indulging in online gambling, imposing fines of up to AU$234,750 on platforms that accept credit cards or crypto from users going forward. While this regulation will affect most forms of online gambling, some, like online lotteries and keno, will remain unbanned. The move comes as a way to protect users from throwing their money at luck-based games, as gambling can be very addictive. With numerous online platforms mushrooming worldwide and...

ZKsync, one of the most popular Zero Knowledge (ZK) rollup layer 2s, announced its airdrop for next week. Those using ZKsync Era – the layer 2 chain – can secure ZK tokens in their wallets. The project’s tokenomics dedicates 17.5% of the 21 billion tokens from its eventual supply for the airdrop. While it is impossible to know the dollar value surely until the airdrop concludes, industry experts suggest it can amount to over $2 billion in value. 89% of that value will get airdropped into...

Fiat-pegged stablecoins have grown in market cap over the past ninety days as they collectively witnessed $16 billion flow into their side of the crypto market. However, the past month has been relatively calm for the stablecoin economy. USDT’s (Tether) market cap has grown to $112.5 billion on June 8 from $101.18 billion in March. That is over $11 billion in the three months, with USDT representing 69% of the $16 billion that flowed into stablecoins. Its market cap barely rose over the past...

With BTC ETFs receiving approval in January and ETH ETFs on the verge of receiving the green light from the US SEC, many are speculating about other altcoin ETFs, specifically SOL ETFs. SOL ETFs can be a thing if Trump becomes US President. The SEC has been unfavorable toward crypto but had to approve the issuance of BTC ETFs, which it denied until a judge ruled that it had no reason not to. Thus came the first crypto ETF in the US. Surprisingly, the SEC is in the process of approving ETH...

MOTHER, a memecoin launched by rapper/songwriter Iggy Azalea, stirred up a community-wide debate on X last week. Figures like Vitalik Buterin chimed in with their takes as MOTHER and other celebrity-launched memecoins made their way into the market as crypto prices rallied. Vitalik commented on a post about the MOTHER token, in which he stated, “I’m feeling quite unhappy about with “this cycle’s celebrity experimentation” so far.” Many took the opportunity to go back and forth about it. Iggy...

The wallet behind the $82 million cross-chain bridge exploit committed on Orbit Chain on the last day of 2023 has finally become active after lying still for over five months. The hacker sent $48 million in ETH to TornadoCash on June 8 to obfuscate their fund flows and utilize the value without intelligence firms and authorities tracking them. The funds were transferred to the mixer over eight transactions totaling 12,932 ETH. While original reporting stated they stole about $82 million,...

South Korea’s Financial Services Commission (FSC) will consider NFTs as virtual assets from July 19. NFTs used for payments and exchanges will be recognized and eligible to accrue interest when deposited in exchanges. The news clarifies the situation of NFTs in the FSC’s guidelines published last year. National governments and authorities across the globe are scurrying to accommodate the crypto world into their financial systems. Many are formulating new regulations, while some are revising...

Akira, an infamous ransomware, has set its eyes on Singaporean businesses after wreaking havoc on others worldwide within a year. It has stolen over $42 million from about 250 firms operating in regions like North America, Europe, and Australia and now arrived in Singapore. Officials warned organizations throughout the city-state to beware. In an X post, the Cyber Security Agency of Singapore stated, “CSA, the Singapore Police Force (SPF), and the Personal Data Protection Commission (PDPC)...

BTC and ETH prices remained mostly unchanged this past weekend after dropping last Friday. BTC’s price dropped significantly last week – many believed it would overtake the all-time high (ATH), but it fell flat, dropping below $69,000 from about $72,000. Macroeconomics was at play as non-farm payroll figures were much better than expected as the US economy added 272,000 new jobs instead of the predicted 185,000 jobs. That will have other effects, such as the Fed not cutting interest rates,...

Standard Chartered, the British financial institution, claims bitcoin can hit $100,000 by November and surge to $150,000 if Donald Trump wins the US presidential election. Analysts for the institution feel Trump’s siding with the crypto industry is a bullish factor, and as the US heads toward the election in November, BTC will reach the six figures. Trump’s anti-crypto rhetoric from his last term has changed this time as he takes a pro-crypto stance going into the election. This past week, he...