HKbitEX, a subsidiary of Tykhe Capital, has received a Type 1 Regulated Activity License and a Type 7 Regulated Activity License for its virtual asset trading platform, making it the first fully licensed digital financial group under the new licensing regime. This marks HKbitEX’s commitment to regulatory compliance and investor protection. HKbitEX, a Hong Kong-based … Read more
Binance, the leading cryptocurrency exchange, has successfully completed the token exchange and redenomination of Stratis (STRAX) tokens. Deposits and withdrawals for the new STRAX tokens are now open, and various services such as spot trading, Binance Simple Earn and margin trading will support the new tokens. The swap was done at a ratio of 1 … Read more
BlackRock CEO Larry Fink is bullish on Bitcoin as iShares Bitcoin Trust (IBIT) records historic growth with $13.5 billion in inflows in 11 weeks. The financial world witnessed a monumental event as BlackRock’s iShares Bitcoin Trust (IBIT) saw an unprecedented inflow of $13.5 billion within the first 11 weeks of trading. The revolutionary exchange-traded fund … Read more
A US district judge has dismissed an antitrust lawsuit targeting Apple where users of Venmo and the Cash App claimed Apple Cash had an anti-competitive advantage. In a significant legal victory for Apple Inc., a lawsuit filed by customers of payment services such as Venmo and Cash App was dismissed by U.S. District Judge Vince … Read more
Ethereum network validators surpass the 1 million mark, with 32 million ETH staked through platforms like Lido, representing 26% of the total supply. The Ethereum network, a leading blockchain platform for decentralized applications and smart contracts, has achieved a significant milestone by surpassing one million validating nodes. These validators are responsible for securing the network … Read more
Vitalik proposes anti-correlation incentives to promote decentralization in staking protocols by penalizing wrongdoers and applies them in various scenarios supported by empirical data. Vitalik Buterin recently published a thought-provoking post article which delves into the concept of supporting decentralized staking by using anti-correlation incentives. Authored by Vitalik Buterin, the paper offers preliminary research and encourages … Read more
Nilam Resources, Inc. entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the ordinary shares of a special purpose entity called MindWave. The enterprise will hold 24,800 bitcoins, serving as collateral for investments in projects that generate high returns. This strategic acquisition marks an important milestone for Nilam Resources, Inc., … Read more
Michael Kong, CEO of the Fantom Foundation, unveiled the long-awaited launch of Sonic, a groundbreaking blockchain technology that promises unparalleled scalability and security. With plans to create a shared sequencer for L1 and L2 chains and introduce simplified staking and liquid staking support, the Fantom team is poised to revolutionize the blockchain world. Stay tuned … Read more
KuCoin, along with its founders Chun Gan and Ke Tang, is accused of violating the Bank Secrecy Act and operating an unlicensed money transmission business, allegedly allowing its platform to be used to launder money and finance terrorism. The United States Department of Justice revealed that KuCoin, one of the world’s largest cryptocurrency exchanges, and … Read more
Bakkt Holdings forecasts a significant increase in revenue and a 70% decline in operating cash flow utilization for fiscal 2024, following a solid year of strategic progress. After a year of transformation, Bakkt Holdings, Inc. (NYSE: BKKT) reported a remarkable increase in both its fourth-quarter revenue and full-year revenue for 2023, according to a press … Read more