Canada’s Fintrac fines Binance $4.3 million
The regulator further stated that on 5,902 occasions between June 1, 2021, and July 19, 2023, Binance failed to record a single transaction valued at $10,000. Furthermore, according to FINTRAC,…
BlockFi will close its online platform and switch to Coinbase as a distributor
On May 9, the insolvent cryptocurrency lender BlockFi announced that it will close down its website by the end of the month and would mostly rely on Coinbase as a…
Binance Acquires 357.3 Billion PEPE Following Significant Meme Coin Development
After removing a sizable amount of meme coins from Binance, Lookonchain declares the creation of a new PEPE whale. It happened after the popular parody cryptocurrency, PEPE, saw a roughly…
AgriDex, a tokenization company located in Solana, wants to airdrop tokens after raising $5 million
AgriDex, a company centered on tokenizing agricultural commodities and situated in Solana, has raised $5 million in a pre-seed fundraising round. African Crops Limited, Oldenburg Vineyards, and Hank Oberoi—a former…
According to Glassnode executives, Bitcoin may shortly “BLOW higher” on a bullish candle hammer
A “bullish candle hammer” that has shown on the weekly price chart of Bitcoin, which is currently trading at $62,811, is being cited by traders as a potential sign of…
$7 million is raised by Multicoin Capital, the platform for applications built on Bitcoin, Arch
In a seed investment round, Arch Labs, the group behind the Bitcoin native application platform Arch, has raised $7 million. For the venture capital firm, Multicoin Capital led the round…
zkSync ‘hyperchain’ Sophon sells nodes to raise $60 million
Through a node sale, Sophon, a zkSync “hyperchain” or Layer 2 network being developed with Matter Labs’ modular, open-source ZK Stack platform, has raised almost $60 million. 200,000 nodes were…
With A New Investment In CityPay.io, Tether Enters Eastern Europe
With a fresh investment in CityPay.io in Georgia, Tether extends its reach into Eastern Europe. The money will go toward new card and e-wallet options. With a new investment in…
US Bitcoin Funds See Mixed Results as GBTC Losses Counterbalance Other Gains
Fidelity, Ark Invest, and Invesco Announce Increases While GBTC Faces New Challenges The publicly traded spot bitcoin ETFs that are active in the US had $1.17 billion in trade volume…
Three rare NFTs are lost by bored Ape owner to phishing hoax
It looks that a malicious actor took three NFTs worth a total of 54.8505 ETH ($164,400) from a member of the Bored Ape Yacht Club. The Bored Ape holder claimed…
Q1 earnings beat for Robinhood, and the number of cryptocurrency trades increased by 224%
The commission-free brokerage company Robinhood surpassed expectations on Wednesday afternoon with its first-quarter earnings report. The U.S. Securities and Exchange Commission’s Wells Notice to the business’s cryptocurrency unit, Robinhood Crypto,…
With its Season 2 release, Nyan Heroes introduces new CATNIP and NYAN awards
The much awaited Ranked Mode of the Web3-focused game Nyan Heroes, which will award players with the token NYAN in accordance with their achievements, has begun. Season 2 of the…
Polkadot introduces asynchronous backup to increase transaction speed and network efficiency
A crucial improvement that has improved the network’s overall performance and flexibility in blockspace allocation is Polkadot’s implementation of asynchronous backing. Together with Elastic Scaling and Agile Coretime, the upgrade…
MarketVector by VanEck introduces the Meme Coin Index
The index is updated on a regular basis, and the 30% cap on specific coin weightings ensures diversification. This cap ensures that no coin affects the index to an unduly…
Lyra adds yield-bearing derivatives and the LDX token
Protocol for decentralized alternatives Lyra Finance revealed their plan to redesign tokens. It has unveiled the LDX token, which is scheduled to launch in the third quarter of this year…
Lagrange Labs, a cryptography firm, raises $13.2 million in its initial round led by Peter Thiel’s Founders Fund
The business Lagrange Labs, which is developing the Lagrange cryptography protocol, has successfully raised $13.2 million in seed funding. In addition to Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital,…
In response to increased institutional interest in cryptocurrency derivatives, Arbelos Markets raises $28 million
The cryptocurrency liquidity service Arbelos Markets has raised $28 million in a round of debt and startup funding. The financing was led by Dragonfly Capital, with participation from investors such…
For interoperability, Injective launches a Layer-3 network on Arbitrum
By enhancing connectivity across the Ethereum, Cosmos, and Solana networks, it seeks to expand the capabilities and interoperability of blockchain technology. Blockchain Interoperability is Enhanced by Injective and Arbitrum Integration…
Ethereum is once more becoming inflationary due to the Dencun upgrade
According to a report published on Wednesday by CryptoQuant, the amount of ether burned has decreased to one of its lowest levels since the Merge, when Ethereum switched from a…
Bitget Collaborates with Alchemy Pay to Enable Crypto Purchases in Indian Rupees
This partnership brings about a significant advancement. It expands Bitget’s trading platform with the On-Ramp services of Alchemy Pay. Along with other cryptocurrencies, users will be able to purchase Tron…