Stocks
Ripple Pours $25M More into Crypto Super PAC Fairshake
Ripple announced a second $25m donation to the crypto super Political Action Committee (PAC) Fairshake on Wednesday. This contribution supplements the $25m it provided to Fairshake last year. The company’s donation, alongside contributions from fellow crypto companies and leaders, forms part of a collective industry endeavor to promote policies conducive…
Read More »New Coin Baby Apu Apustaja (BAPU) Up 8,500% in 24 Hours as PlayDoge Becomes the Next Big Project to Watch
Ethereum meme coin markets are back with a bang, as major coins like DogWifHat (WIF) post sensational overnight gains, and leading the pack this morning is Baby Apu Apustaja (BAPU). This article will provide an analysis of BAPU’s current price trends and look to see whether an innovative new GameFi…
Read More »Magic Integrates Etherlink to Enhance Tezos dApp Development
Magic has partnered with Etherlink to boost Tezos dApp development with enhanced scalability and security. According to a press release shared with Cryptonews.com, this collaboration builds on the current relationship to support the growth of web3 community and the transition to web3 technologies while providing services and solutions. We are…
Read More »Hong Kong SFC to Conduct On-Site Inspections of Crypto Platforms after Licensing Deadline
The Hong Kong Securities and Futures Commission (SFC) has announced that it will be conducting on-site inspections of local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after the licensing deadline of June 1. The SFC’s move comes as a reminder to crypto companies of…
Read More »BlackRock’s Bitcoin ETF Surpasses Grayscale’s GBTC to Become the Largest Spot Bitcoin Product
BlackRock’s iShares Bitcoin Trust has taken the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year. According to data compiled by HODL15Capital, the exchange-traded fund held $19.68 billion worth of Bitcoin on Tuesday, surpassing…
Read More »Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M
The US District Court for the District of Utah on Tuesday threw out the SEC’s case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body for its bad faith actions. The fines cover legal fees and court costs. This penalty follows the court’s finding that the SEC…
Read More »UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30
London-based challenger bank Kroo has banned its customers from engaging in crypto transactions in order to “help keep user account and money safe.” “From 30th May 2024, to help keep your account and money safe, we will no longer process bank transfers or card payments related to and from crypto…
Read More »ZKasino Implements 72-Hour “2-Step Bridge Back Process” to Return Funds to Investors
ZKasino, a blockchain-based gambling project, has taken steps to address the allegations of a $33 million “rug pull” by initiating a 72-hour “2-step bridge back process” to return funds to investors. In a Medium post on May 28, ZKasino announced the initiation of the refund process, allowing investors to participate…
Read More »Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer
Riot Platforms has acquired a 9.25% stake in Bitfarms after its takeover offer was rejected. According to a press release Riot Platforms published on May 28, the Bitcoin mining firm’s $950 million offer to acquire all outstanding shares of Bitfarms was turned down by the Bitfarms board. Despite this, Riot…
Read More »Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees
Domain naming system Ethereum Name Service (ENS) has proposed an ENSv2 upgrade migrating to Layer 2 to reduce gas fees and increase transaction speeds. ENS Labs said ENSv2 will involve a “comprehensive overhaul” to Layer 2 and re-architecting ENS to include a hierarchical registry to improve management and customization of…
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