Global Product Lead Mayur Kamat has stepped down from his role at cryptocurrency exchange Binance, joining a list of senior executives who have recently left the company amid investigations by the U.S. Department of Justice.
Gemini Credit Card users can now earn XRP rewards on their everyday purchases, with 3% cashback on dining, 2% on groceries, and 1% on other transactions, and instant deposit of rewards into their Gemini accounts.
Grayscale's court win against the SEC sets clear guidelines for regulators evaluating spot ETF applications, paving the way for a range of crypto assets, including Bitcoin and Ethereum, to be offered as spot ETFs in the near future, according to a report by broker Bernstein.
Binance's head of product, Mayur Kamat, has announced his departure from the exchange, citing the need to pass on the product leadership role to the next generation and take some time off after two years of non-stop work, amid increasing scrutiny from regulators.
PayPal has launched its own stablecoin called PayPal USD (PYUSD) in the United States, aiming to eliminate price volatility in digital currencies and facilitate confident payments, despite unclear regulatory guidelines for digital assets in the country. PayPal's large user base and market share in online payment processing could significantly impact stablecoin adoption. However, there are potential advantages and disadvantages associated with PYUSD, including its potential to onboard mainstream users to the digital economy and the lack of regulatory clarity in the US.
FTX CEO Sam Bankman-Fried, who had his bail revoked and was sent to jail, has been granted temporary access to a laptop and WiFi device for a seven-hour meeting with his legal team in a courthouse cell block attorney room.
Solana Pay, a decentralized payment protocol built on the Solana blockchain, has integrated with Shopify, allowing businesses on the platform to use it for payments, initially with USDC as the payment option and potential future inclusion of other cryptocurrencies like SOL and BONK; the integration offers fee-free transactions and the ability to set up loyalty programs with ease.
A solo miner defied astronomical odds and earned a $160,000 bitcoin reward, highlighting the tough landscape for independent miners and the dominance of large mining operations in 2023.
Hashdex, a crypto asset management company, has submitted an application to the SEC for a Bitcoin futures ETF that will hold spot Bitcoin, taking a different approach from other filings by acquiring spot Bitcoin from physical exchanges within the CME market instead of depending on the Coinbase surveillance sharing agreement.
Vitalik Buterin Sells MKR Tokens as MakerDAO Co-Founder Pushes for Solana-based ‘NewChain’ - Decrypt
Ethereum co-founder Vitalik Buterin has sold $580,000 worth of MakerDAO's MKR tokens following concerns over the project's new chain being based on a Solana platform and offered suggestions to rival stablecoin platform Reflexer Finance on how to improve and compete with MakerDAO.
XLM, the native token of Stellar, surged 10% to a weekly high of $0.125, becoming the world's 22nd largest cryptocurrency, while Bitcoin struggles and Ethereum trades at around $1,635; Stellar aims to promote efficient cross-border payments and has established partnerships with Circle and MoneyGram International.
Western Union is considering using Ripple's blockchain technology and XRP token to optimize capital and settle transactions, reflecting a growing trend of major financial institutions incorporating cryptocurrencies into their business.
The convergence of artificial intelligence and Bitcoin could transform companies by reducing costs, increasing productivity, and making payment systems more efficient, according to ARK Invest CEO Cathie Wood.
The bankrupt crypto exchange FTX recently transferred $10 million worth of Solana (SOL) tokens to the Ethereum network, a move that may create instability in the cryptocurrency market, as FTX undergoes a bankruptcy review and proposes a structured approach to the sale of its digital assets.
Real estate developer Srettha Thavisin becomes Thailand's next Prime Minister after the Pheu Thai party's victory in the controversial election, with previous involvement in the country's digital asset sector through his role as CEO of real estate developer Sansiri.
Antonio Juliano, founder of decentralized exchange dYdX, believes that early-stage crypto projects should prioritize markets outside the United States and only consider serving U.S. customers in 5-10 years when the regulatory climate is more favorable, in order to scale faster and focus on platform growth and user adoption.
An alleged hacker made suspicious withdrawals totaling $16 million from the crypto gambling site Stake.com, raising concerns about stolen funds and the security of crypto gambling platforms.
A Shiba Inu whale moved over 708 billion SHIB tokens from a Gemini wallet to an unknown wallet, worth nearly $6 million, amid fluctuations in the Shiba Inu ecosystem and ongoing token burns, causing the price of SHIB to decline.
Former SEC Chair, Jay Clayton, is optimistic about the approval of a spot Bitcoin ETF, attributing the recent delay in applications to aligning with the DC Circuit's timeframe and emphasizing the demand for Bitcoin among both retail and institutional investors.
Renowned analyst Benjamin Cowen warns that Solana (SOL) may follow a similar price trajectory as Cardano (ADA), potentially experiencing a dip below $10 before rebounding and seeing substantial gains, although historical parallels do not guarantee identical outcomes.
The profitability of Shiba Inu has reached new lows as the price of SHIB drops to levels not seen in months, with only 12% of holders currently in gains.
Shiba Inu (SHIB) reached an all-time high price and market cap, but its current price is much lower, and it remains uncertain if it will reach those highs again; the launch of Shibarium has impacted SHIB's price, but the token itself does not have direct utility to the blockchain being built; other cryptocurrencies may also see significant price impacts.
Cardano's native token, ADA, is currently trading 91.7% below its all-time high, but experienced traders are using this market downturn to invest in ADA for long-term returns during the next bull run, with calculations suggesting that purchasing 323,625.20 ADA at the current price of $0.256658 could potentially yield $1 million if the price reaches $3.09.
Binance CEO Changpeng Zhao believes that the recent court ruling on the investor suit against Uniswap is extremely positive for decentralized finance (DeFi), and he predicts that DeFi could surpass centralized finance (CeFi) in the next bull run.
Popular crypto betting platform Stake lost around $40 million in unauthorized transactions, with $16 million leaving the platform in Ethereum, Tether, USD Coin, and DAI, and an additional $25 million drained on Binance Smart Chain and Polygon, according to blockchain security experts.
Coinbase Assets will suspend trading for six cryptocurrencies, including BarnBridge, DerivaDAO, Jupiter, Multichain, Ooki, and Voyager, due to falling short of the exchange's listing standards, resulting in price plunges for the delisted assets.
Charles Hoskinson, CEO of IOG and Co-Founder of Cardano, predicts that Cardano will become the biggest cryptocurrency in the world and the backbone of a new digital nation, citing its focus on sustainability, scalability, and interoperability, as well as developments like the Alonzo upgrade and projects in Africa. He also raises concerns about the U.S. potentially losing talent in the field of decentralized technologies.
Grayscale Investments succeeds in its bid to convert its Grayscale Bitcoin Trust into a listed Bitcoin ETF as the U.S. Court of Appeals grants its petition for review and vacates the SEC's order to deny the GBTC listing application. Meanwhile, the SEC delays decisions on six applications for spot Bitcoin ETFs, and the United Kingdom introduces the Travel Rule for crypto asset businesses. Additionally, the SEC accuses Impact Theory of engaging in unregistered securities transactions through NFT sales, and a Chinese court declares virtual assets as property protected by law.
Interest in altcoins may have waned, but Solana remains the most loved altcoin amongst investors, with $700,000 invested in it over the past week and $26 million year-to-date inflows.
The former engineer at Alameda Research claims that his entire life savings were stolen by his former boss, Sam Bankman-Fried, exposing the rise and fall of FTX and highlighting the contradictions and consequences that followed.
Over half of adults in Turkey own digital assets, with crypto investing increasing from 40% to 52% in the last 18 months, and a rising trend of female participation, according to a study from crypto exchange KuCoin.
Sam Bankman-Fried, the founder of FTX, pleaded not guilty to fraud and money laundering charges related to the collapse of his cryptocurrency empire, with the new indictment accusing him of misusing customer funds for personal purposes.
Approximately 20% of GenZ investors in South Korea prefer investing in Ripple's XRP over Bitcoin and Ethereum, according to a report analyzing investment data from Bithumb.
XRP is more popular than Bitcoin and Ethereum among younger investors in South Korea, particularly those in their 20s, according to a report by the South Korean exchange Bithumb, with XRP accounting for 20.7% of their portfolio compared to 17.5% for Bitcoin and Ethereum combined.
Crypto trader Altcoin Sherpa warns that Dogecoin (DOGE) and Shiba Inu (SHIB) could experience significant corrections and remain in a bearish pattern as the markets show signs of weakness.
Circle, the company behind the USD Coin (USDC), plans to expand the support for its stablecoin to six additional blockchains in the next two months, potentially making it the most widely accessible stablecoin and fueling its adoption in various industries.
The London Stock Exchange Group (LSEG) plans to launch a blockchain-powered digital markets business to enhance the trading of traditional financial assets, focusing on using blockchain technology to improve security and accessibility rather than cryptoassets.
Bitcoin and other cryptocurrencies are experiencing a decline as analysts predict further decreases ahead.
Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East without providing a specific reason, impacting less than 1% of users in those regions.
CryptoSlate Alpha is a web3 membership providing cutting-edge insights and knowledge, allowing users to access paywalled content by staking ACS tokens.
Approval of a Bitcoin exchange-traded fund (ETF) in the United States could have a severe impact on major cryptocurrency exchanges, with ETFs offering advantages such as lower fees and the handling of digital assets and tax efficiency for consumers, according to Bloomberg analyst Eric Balchunas.
Visa has announced a pilot program to send USDC, the second-largest stablecoin, to select merchants using the Solana blockchain, allowing for faster transaction processing than Ethereum, as the payments giant continues to explore the potential of stablecoins in the payments industry.
