Blockchain News Archives

Blockchain News

Crisis at the SEC: Resignations and Reprimands

The U.S. Securities and Exchange Commission (SEC) is facing internal discord and public scrutiny in an unexpected turn of events. This comes after the agency was severely sanctioned by a federal judge, which led to the departure of two well-known solicitors, Michael Welsh and Joseph Watkins. The SEC was accused of making false claims and […]

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Runes Protocol Ignites Economic Boom for Bitcoin Miners

A significant financial boost for Bitcoin miners has resulted from the recent halving of Bitcoin and the concurrent creation of Casey Rodarmor’s Runes protocol. Network activity has surged dramatically thanks to the Runes protocol, which improves Bitcoin’s functionality by permitting the creation of digital tokens like those on Ethereum’s network. Record transaction fees have resulted […]

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Korean Won Edges Out US Dollar as Top Fiat Currency in Crypto Trading

The South Korean Won (KRW) has lately eclipsed the US Dollar (USD) as the main fiat currency regarding trading volume on centralised exchanges, marking a significant shift in the global cryptocurrency industry. The Korean Won enabled transactions totalling more than $456 billion in the first quarter of 2024, according to recent research by the financial […]

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Paradigm Leads $225M Investment in Ethereum Rival Monad Labs

Venture capital company Paradigm led a $225 million fundraising round for Monad Labs, a new Layer 1 (L1) network ready to take on existing heavyweights like Ethereum and Solana, in a significant development for the blockchain space. With this funding, Monad Labs is taking an essential step towards its goal of redefining the blockchain industry […]

Blockchain News

The New Integration of Memecoins on Fantom

With the emergence of memecoins, the cryptocurrency environment is undergoing a major revolution, and one well-known blockchain platform leading this change is Fantom. A new chapter in the history of digital currencies has begun with Andre Cronje, a primary Fantom developer, announcing plans to include memecoins into the ecosystem. The Rise of Memecoins A subgroup […]

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US Treasury Expands Sanctions on Russian Financial Institutions

Expanding its penalties, the US Treasury’s Office of Foreign Assets Control (OFAC) is now targeting individuals and organisations operating in Russia’s banking and technology industries. Thirteen organisations and two people are implicated in this action, all associated with virtual assets that can evade US sanctions. Interestingly, five of these organisations have relationships with people previously […]

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Brazil’s Blockchain Evolution: Bug Proofs on OP Sepolia Testnet

Globally, blockchain technology is still advancing rapidly, with Brazil emerging as a prominent participant in this changing field. The creators of Optimism, an Ethereum Layer-2 scaling solution, OP Labs, just made a significant statement. Before its deployment on the OP Mainnet, the team made bug proofs available on the OP Sepolia testnet. This achievement represents […]

Blockchain News

Thailand’s SEC Greenlights Crypto ETFs

A judgement by the Thailand Securities and Exchange Commission (SEC) is expected to significantly alter the cryptocurrency market. The SEC has made the audacious decision to allow high-net-worth individuals and institutional investors to trade bitcoin exchange-traded funds (ETFs). This significant regulatory shift represents Thailand’s forward-thinking strategy to incorporate cryptocurrencies into its financial ecosystem. It creates […]

Blockchain News

BRICS Forge Ahead with Digital Currency System

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, also known as the BRICS countries, have unveiled a ground-breaking plan to transform their financial networks. They intend to use blockchain technology and digital currencies to develop a stand-alone payment system in a daring step towards de-dollarisation. This represents a dramatic […]

Blockchain News

Kraken’s Strategic Move to Institutional Services

Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

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The Mysterious Shutdown of BitForex

Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

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Ripple CEO Anticipates Positive Impact of Potential XRP ETF

The CEO of Ripple, Brad Garlinghouse, talked about the potential for BlackRock to introduce an exchange-traded fund (ETF) for XRP in a recent interview with Bloomberg. The possibility of comparable ETFs for other cryptocurrencies, such as XRP, is becoming increasingly apparent with the US regulator’s approval of the first crypto spot ETF for Bitcoin. Garlinghouse […]

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