The license enables Coinbase to offer its complete range of cryptocurrency services to both retail and institutional users in Spain while adhering to the nation’s legal framework. 2 min read Updated: September 25, 2023 at 7:51 am Cover art/illustration via Read More
DeFi exchange volume down 15% on a monthly basis amid UNI, CRV price crash – VanEck
The decentralized finance (DeFi) landscape faced a challenging month in August as exchange volume dipped 15.5% to settle at $52.8 billion — led primarily by a decline in some of the most dominant DeFi tokens, according to data from investment Read More
CZ says Binance.US needed new leadership amid ‘hostile’ regulatory environment
The Binance International CEO said the regulatory landscape in the U.S. is “rapidly evolving and increasingly hostile” toward the crypto industry.” 2 min read Updated: September 16, 2023 at 6:05 pm Cover art/illustration via CryptoSlate Binance CEO Changpeng ‘CZ’ Zhao Read More
Friend.tech regains launch hype momentum as revenue hits $5.6M amid surge in usage
Friend.tech’s revenue hit $5.6 million on Sept. 9, marking a 30-day high for the recently launched blockchain social networking platform, which has regained some of its lost momentum, according to Token Terminal data. The strong revenue is driven by a Read More
Coinbase raises USDC interest rate to 5%
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More than half of Turkey has turned to crypto amid rapid currency devaluation – KuCoin report
The survey was conducted in May 2023 and found that found that 52% of Turkish adults aged 18 to 60 have invested in cryptocurrencies, a 12% increase from 40% in November 2021. 2 min read Updated: September 4, 2023 at Read More
Ripple files motion to block SEC appeal attempt
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FTX cold wallet moved almost $10M in altcoins to Ethereum since Aug. 31
A cold wallet owned by collapsed crypto exchange FTX moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons, according to on-chain data. The altcoins include notable tokens like LINK, SUSHI, LUNA, and YFI. Read More
Stablecoin settlements were on par with payments giant Visa during 2022
Stablecoins are making significant waves in the payments sphere, primarily as a vehicle for non-speculative transactions, according to a new report by European hedge fund Brevan Howard. In 2022, the stablecoin market settled an eye-watering value of over $11 trillion, Read More
Celsius set to vote on asset sale plan after court approves disclosures
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PayPal aiming for DeFi push after stablecoin launch – SVP Blockchain, crypto
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German privacy watchdog has been investigating Worldcoin since November 2022
The Bavarian State Office for Data Protection Supervision is investigating the project for collecting “sensitive data at a very large scale.” 2 min read Updated: July 31, 2023 at 8:39 pm Cover art/illustration via CryptoSlate One of Germany’s top privacy Read More
French authorities launch probe into Worldcoin over data collection practices
The controversial project has drawn intense criticism over its iris scan technology. 2 min read Updated: July 28, 2023 at 9:59 pm Cover art/illustration via CryptoSlate French privacy regulator CNIL has initiated a probe into Worldcoin over concerns that its Read More
US Accountability Office says regulators need ‘coordination mechanism’ to tackle crypto oversight
The GAO said that Congress must focus on creating new legislation to address the consumer protection and financial stability issues stemming from the lack of oversight of the crypto industry. 2 min read Updated: July 25, 2023 at 8:27 pm Read More
French central bank believes distributed ledger technology will enhance financial stability
Banque de France said in a report on July 21 that DLT has the “potential to enhance the efficiency and effectiveness of the monetary and financial system.” 2 min read Updated: July 21, 2023 at 7:35 pm Image credit: Unsplash Read More
Nasdaq postpones crypto custody plans, citing ‘shifting business and regulatory environment’
Nasdaq CEO Adena Friedman said the exchange remains committed to the digital assets industry but will not pursue a relevant operational license until there is more clarity. 2 min read Updated: July 19, 2023 at 6:30 pm Cover art/illustration via Read More
Cathie Wood, ARK Invest still anticipate $1.5M Bitcoin after US banking crisis
Wood believes Bitcoin will continue to establish itself as an “insurance policy” against inflation and that “everyone will want it at the end of the day.” 2 min read Updated: July 18, 2023 at 6:37 pm Caroline Wood / CC Read More
Binance has quietly laid off 1,000 or more employees in recent weeks; may slash workforce by up to 30%: WSJ
Binance has sacked more than 1,000 people in recent weeks as it contends with regulatory and legal hurdles in the U.S. and other jurisdictions, the Wall Street Journal reported July 14, citing a person familiar with the matter. The exchange Read More
Binance appoints new general counsel amid intensifying legal troubles
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UN greenlights Dynamic Coalition on Blockchain Assurance and Standardization to research emergent tech
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