Cryptocurrency News Archives - Page 5 of 9

Cryptocurrency News

Chainalysis Triumphs Over $80 Million Lawsuit in Court Victory

Chainalysis, a renowned blockchain analysis firm, recently won a $80 million lawsuit from a former employee. The Manhattan Supreme Court dismissed allegations that the business breached an oral agreement over stock options. The court’s judgement, which emphasised the value of written agreements in contractual disputes, strengthens Chainalysis’s legal standing while underscoring the importance of formal […]

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Growing Pains: Hong Kong’s Virtual Asset Spot ETF Faces Bank Resistance

Despite growing institutional investor interest in Hong Kong’s virtual asset spot ETF, traditional banks are unwilling to participate, citing regulatory uncertainty and a severe shortage of technical knowledge. This cautious posture by major financial institutions casts doubt on the ETF’s viability, underlining the challenges of integrating novel financial instruments into traditional banking structures. Institutional Surge […]

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WISeKey and Hashgraph Association Drive IoT and DePin Innovations

WISeKey, a cybersecurity, digital identity, and Internet of Things (IoT) solutions provider, has partnered with The Hashgraph Association, a digital innovation specialist via the Hedera network, to pioneer IoT and Decentralised Physical Infrastructure Network (DePin) solutions in the Kingdom of Saudi Arabia. This collaboration intends to improve Saudi Arabia’s digital infrastructure by Vision 2030. SEALSQ […]

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Apu Apustaja Memecoin’s Bold NYC Campaign

Phoenix, USA, June 4, 2024, Chainwire—In a stunning exhibition of digital creativity, Apu Apustaja Memecoin has come to the streets of New York City, launching an ambitious billboard campaign that embodies the lively character of this budding cryptocurrency. These billboards, featuring the iconic frog from the meme that spawned it, have been deliberately placed in […]

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Matter Labs Halts ‘ZK’ Trademark Amid Community Backlash

Matter Labs, the main force behind the zkSync protocol, has just withdrawn its disputed efforts to trademark the term “ZK”. This decision came after a strong outcry from the zero-knowledge-proof research community and other blockchain enthusiasts. Pioneers like Shafi Goldwasser and Silvio Micali expressed alarm, arguing that “ZK” should remain an open and accessible resource. […]

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PayPal Set to Expand PYUSD Stablecoin to Solana

PayPal has made a major move into the cryptocurrency space by releasing the PYUSD stablecoin on the Solana blockchain. This is PayPal’s first venture outside of Ethereum, with the goal of capitalising on Solana’s well-known rapid transaction speeds and low prices. The integration promises increased efficiency, making PYUSD transactions faster and more cost-effective, giving users […]

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Nomura and GMO Join Forces with Laser Digital to Pioneer Stablecoin Issuance in Japan

Nomura, one of Japan’s largest banks, and its digital asset unit, Laser Digital, have partnered strategically with GMO Internet Group to explore stablecoin issuance in Japan. The alliance intends to make creating, redeeming, and circulating stablecoins in Japanese yen and US dollars easier. The alliance will provide “stablecoin-as-a-service” products to assist businesses with regulatory compliance, […]

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UK Approves First Physical Bitcoin and Ethereum ETFs

The UK Financial Conduct Authority (FCA) has approved the country’s first physically-backed Bitcoin and Ethereum exchange-traded funds (ETFs). WisdomTree has been awarded the regulatory green light to list its products—WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum—on the London Stock Exchange. These ETFs are already available on exchanges such as Deutsche Börse Xetra, Swiss Exchange SIX, […]

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Genesis Crypto Lender Reaches $2 Billion Settlement

Genesis Global, an insolvent cryptocurrency lender, has reached a landmark $2 billion settlement with the New York Attorney General. This historic settlement seeks to reimburse investors duped by the Gemini Earn programme, benefiting at least 29,000 New Yorkers who lost more than $1.1 billion. Attorney General Letitia James underlined the importance of this settlement as […]

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CME’s Rumoured Spot Bitcoin Plans Impact Coinbase Shares

Rumours that the Chicago Mercantile Exchange (CME) plans to offer spot Bitcoin trading to its clients have substantially impacted Coinbase’s share price. The CME, a global leader in derivatives trading and clearing, is responding to traders’ requests for a regulated platform to trade Bitcoin. Following the announcement, Coinbase shares plunged roughly 8%, indicating market fears […]

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Coinbase CLO Calls Out SEC’s Handling of Crypto Cases

Coinbase Chief Legal Officer (CLO) Paul Grewal harshly criticised the United States Securities and Exchange Commission (SEC) following its recent statement in the Debt Box case. Grewal questioned the SEC’s procedural adherence and urged significant sector companies, including Ripple, Robinhood, Binance, and others, to review their contracts with the regulator. He emphasised that Coinbase, like […]

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US Targets Tether: Ripple CEO Predicts Crypto Market Turbulence

In a recent episode of the World Class podcast, Ripple CEO Brad Garlinghouse expressed concern over the US government’s activities against stablecoin issuer Tether. He expressed certainty that the cryptocurrency market is about to experience another considerable upheaval, similar to previous market shake-ups like as the FTX collapse. This statement from Garlinghouse reflects rising concern […]

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