BlockFi, a bankrupt crypto lender, has announced a significant step in its journey towards repaying its clients. The first interim distribution of funds will be facilitated through Coinbase, starting this month. This interim distribution is set to begin in July and will be processed in batches in the coming months. Eligible clients will be notified
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The recent release of the final disclosure framework by the Basel Committee on Banking Supervision signifies a significant step towards enhancing transparency and regulatory standards in the field of digital assets. This framework, known as DIS55, requires banks to provide detailed information on their crypto activities through standardized tables and templates. By mandating banks to
Stardust, a Web3 gaming infrastructure company, has just introduced Starbase, a revolutionary platform that combines both consumer rewards and social gaming in a seamless manner. This cutting-edge platform brings together player rewards and social gaming in one cohesive space, offering a wide range of missions and challenges to cater to gamers of all levels –
DeFi Technologies, a Canadian fintech company, has been making significant moves in the cryptocurrency space recently. The company has acquired a large batch of Bitcoin (BTC) to add to its balance sheet, following its decision to make the asset a core part of its treasury strategy last month. In addition to the 110 BTC it
In a surprising move, the German government recently made headlines by selling off all of its Bitcoin holdings within a mere two-week period. This rapid sell-off was explained as being related to the “movie2k” complex, where the government seized 50,000 BTC from a notorious movie piracy website. The sale proceeds amounted to a staggering €2.63
Crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub. This move is aimed at serving the 450 million EU residents by offering services in compliance with local regulations. OKX highlighted that this strategic x move will enable them to provide spot trading, including EUR and USDC pairs,
Recently, the blockchain security firm Cyvers Alert made a shocking revelation regarding the Indian exchange WazirX. According to their findings, WazirX was exploited for approximately $235 million. This exploitation involved suspicious transactions from WazirX’s Safe Multisig wallet on the ETH network, totaling $234.9 million. The caller of each transaction was funded by Tornado Cash, raising
Bitcoin’s price has been on a rollercoaster ride recently, with a month of bearish price action followed by a strong recovery. The market is currently showing signs of upward momentum, with the potential to reach a new all-time high in the near future. On the daily chart, the price has managed to find support at
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, recently experienced a surge in price, increasing by almost 20% in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, currently valued at approximately $0.00001868. This decrease coincided with a significant decline in active Shibarium
In a recent forecast presented by Joe Burnett, Senior Product Marketing Manager at Unchained Capital, a bold prediction was made regarding Bitcoin reaching a valuation of $750,000. Burnett believes that the market may be greatly underestimating Bitcoin’s potential during this particular cycle, failing to take into account its broader significance within the global financial landscape.
