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Kraken Unit CEO Predicts Hong Kong Crypto ETFs to Surpass $1 Billion AUM by 2024

The CEO of CF Benchmarks predicts that crypto ETFs in Hong Kong will accumulate over $1 billion in AUM by the end of 2024.

, by Ruholamin Haqshanas

Australian Federal Court Rules in Favor of ASIC, Against Unlicensed Qoin Crypto

An Australian Federal Court on Friday, ruled in favor of the Australian Securities and Investments Commission (ASIC) regarding an unlicensed crypto platform that misled customers. The court noted that a Gold Cost crypto promoter – BPS Financial – allegedly broke the law by promoting unlicensed...

, by Sujha Sundararajan

SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength; FTX CEO as a ‘White Knight’

One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn’t bail out ailing crypto companies even if she could.During an...

Russian Central Bank Still Wants to Ban Bitcoin & Crypto Mining, Despite Backlash

Russia’s crypto-skeptic Central Bank appears ready to climb down over some aspects of its proposed crypto ban – but still wants to ban mining, despite recent comments on the matter from President Vladimir Putin.VC.ru reported that the Central Bank has now repeated its calls for a...

Vodafone Aims to Use SIM Cards to Facilitate Crypto Transactions on Mobile Phones

Vodafone aims to leverage SIM card technology in order to meet the expected surge in demand for cryptocurrency transactions on mobile phones.

, by Ruholamin Haqshanas

EigenLayer to Airdrop 28M More EIGEN After First Airdrop Hits Backlash

Restaking protocol EigenLayer is handing out an extra 100 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.

, by Harvey Hunter

Ripple’s Hot Takes for 2021: Surprising M&A, Ethereum Rivals and More

We are already a few weeks into 2021, but it is still not too late for predictions – especially in the crypto world, with Ripple’s team taking a break from its battle with American financial regulators to present its forecast for the year ahead.In a post on its website entitled...

Reps. Nickel and Flood Advocate for SEC Approval of Options on Spot Bitcoin ETFs

US Representatives are pressing the SEC to approve options trading on spot bitcoin exchange-traded products (ETPs).

, by Hassan Shittu

Fed Will ‘Proceed Carefully’ with Rate Hikes Despite Ukraine War – Chair Powell

The US Federal Reserve (Fed) will “proceed carefully” with its plan to hike interest rates this year despite the war in Ukraine, with the first hike of 0.25 percentage points still expected at the Fed’s next meeting in March, Fed chair Jerome Powell said during a hearing in...

, by Fredrik Vold

Coinbase Reports Impressive Q1 Revenue of $1.6 Billion, Up 72% Quarter-on-Quarter

Coinbase has reported a remarkable revenue of $1.6 billion in the first quarter of the year, representing a substantial 72% increase QOQ.

, by Hristina Yordanova

ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent

Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge a blockchain naming patent held by Unstoppable Domains (UD). According to a series of posts ENS published on social media, UD obtained a patent for an open-source technology developed by...

, by Hongji Feng

Sen. Warren Warns US Military Officials, Claims Iranian Crypto Mining Supports Terrorism

US Senator and highly vocal crypto critic, Elizabeth Warren, has claimed that Iranian crypto miners have terrorist ties including Hamas. In an open letter dated May 1, Sen. Warren and Sen. Angus King Jr. have together warned that this “ongoing activity by the Iranian government threatens our...

, by Sujha Sundararajan

Here’s Why Binance’s Changpeng Zhao Got a ‘Pretty Light’ 4-Month Prison Sentence

Binance founder Changpeng Zhao received a far more lenient prison sentence than anticipated at his Seattle court hearing on Tuesday. Zhao pleaded guilty to money laundering violations late last year. But the judge ultimately imposed a mere four months of prison time. It starkly contrasts the...

, by Shalini Nagarajan

Former FTX Boss Ryan Salame Gives up $5.9M Bahamas House

Former co-CEO of FTX Digital Market Ryan Salame is to transfer a $5.9 million house he owns in the Bahamas to settle criminal charges. In a filing, the U.S. Bankruptcy Court for the District of Delaware said, Salame the former co-CEO of FTX Digital Markets in the criminal case United States v....

, by Tanzeel Akhtar

Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror

Paragraph, a web3 publishing startup, has secured $5 million and taken over the blogging platform Mirror. According to a recent announcement by Mirror Development, the new funding round was led by Coinbase Ventures and Union Square Ventures. Paragraph is set to assume stewardship of Mirror,...

, by Hongji Feng

Block to Reinvest 10% of Profits into Bitcoin Each Month

Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed. Block was one of the first public companies to add Bitcoin to its holdings in 2020. With an initial...

, by Shalini Nagarajan

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