In a recent announcement, OKX revealed that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, specifically related to its virtual asset service provider (VASP) license application. The exchange did not provide specific reasons for this move,
Crypto
The internet was recently hit with sad news as Kabosu, the Shiba Inu who rose to fame as the original “Doge” meme, passed away at the age of 18. Her owner, Atsuko Sato, a Japanese kindergarten teacher, confirmed the news on social media, sharing the heartbreaking update with Kabosu’s adoring fans. Known for her iconic
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows within the cryptocurrency community. Figure Markets and Pantera Capital were among the buyers who acquired the final troves of SOL tokens from FTX through auctions. According to undisclosed sources, Figure purchased 800,000 coins for approximately
The recent unanimous decision by the U.S. Supreme Court against Coinbase Inc. dealt with an arbitration dispute stemming from the cryptocurrency exchange’s 2021 Dogecoin sweepstakes. The ruling clarified the importance of determining which legal agreement takes precedence when parties are governed by multiple contracts. This decision highlighted the necessity for courts to establish which contract
In a recent decision, the United States House of Representatives voted to block the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) directly to its citizens. This move has sparked a heated debate within Congress, with strong opinions on both sides of the issue. The bill, known as the CBDC Anti-Surveillance State Act,
In a groundbreaking move, the Trump campaign recently announced that they would start accepting cryptocurrency donations, making them the first major party presidential nominee to do so. This decision falls in line with Trump’s overarching message of prioritizing freedom and opposing government control. The campaign revealed that supporters could now contribute using any cryptocurrency accepted
Despite Bitcoin’s recent surge above $70,000, gold bug Peter Schiff continues his critique of the cryptocurrency. Schiff’s latest warning comes amidst discussions about the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC). Spot ETFs have been a major topic in the cryptocurrency industry this year, especially after the US
Recently, Gala Game, a Web3 gaming project, fell victim to a security breach conducted by an unknown attacker. This attacker, believed to be a compromised or rogue admin address, managed to mint a staggering 5 Billion GALA tokens, equating to a value of over $200 million. The aftermath of this exploit led to the unauthorized
Polimec, a newly launched decentralized funding protocol on the Polkadot network, is set to revolutionize the way Web3 projects raise capital and issue tokens. Offering a transparent and regulatory-compliant environment, Polimec aims to connect investors and startups globally, fostering innovation in decentralized initiatives. Polimec enables emerging Web3 projects, particularly those focused on the Polkadot ecosystem,
Recently, there has been a notable change in leadership at the world’s largest Bitcoin ETF, Grayscale. Michael Sonnhenshein, the CEO, has decided to step down from his position, as announced in a company press release on Monday. He will be succeeded by Peter Mintzberg, who currently holds the role of the global head of strategy
