General News

Qatar Central Bank Launches First Phase of CBDC Project

The Qatar Central Bank (QCB) has completed the infrastructure for its central bank digital currency (CBDC) project and has initiated the first phase of...

Dapper Labs Settles NFT Securities Lawsuit for $4 Million

Dapper Labs has reached a tentative settlement with investors who accused the non-fungible token (NFT) company and its co-founder and CEO, Roham Gharegozlou, of...

Halving Impact: Bitfarms’ Crypto Mining Revenue Drops 42%

Bitfarms, a prominent Bitcoin mining company, experienced a significant revenue decline in May, the first full month after the Bitcoin halving event in April....

Bitcoin ETFs Significant Inflows for BlackRock and Fidelity in 2024

Bitcoin exchange-traded funds (ETFs) have become a substantial component of BlackRock's and Fidelity's ETF inflows this year. According to Bloomberg ETF analyst Eric Balchunas,...

Coinbase Contributes $25 Million to Crypto Super PAC Fairshake

Coinbase has donated $25 million to the crypto-focused super political action committee (PAC) Fairshake, joining forces with Andreessen Horowitz and Ripple to bolster its...

Crypto Exchanges See $3B Ethereum Exit Post ETF Approvals

Since the approval of spot Ether exchange-traded funds (ETFs) in the United States on May 23, over $3 billion worth of Ether has been...

Frax Finance CEO Suspects Insider Involvement in X Account Hack

Frax Finance’s X account was hacked on June 1, despite no passwords being breached or tampered with. The incident has led CEO Sam Kazemian...

Maple Finance Launches Syrup Protocol

On May 28, Maple Finance, an institutional lending platform in decentralized finance (DeFi), launched a new protocol named Syrup. Designed to provide institutional yield...

OKX Expands to the Netherlands

Major global cryptocurrency exchange OKX has officially launched its services in the Netherlands, introducing a local trading platform and a Web3 wallet. The announcement...

Uniswap Postpones Protocol Upgrade Vote; UNI Drops 9%

The Uniswap Foundation announced on Friday that it is postponing a crucial vote on a protocol upgrade, which would have introduced rewards for UNI...

Senator Ted Cruz Buys Bitcoin Miners

On May 31, U.S. Senator Ted Cruz announced his purchase of three Bitcoin miners, which will begin operations in Iraan, Texas. In a post...

Banking Lobby Urges Biden to Reconsider SAB 121 Repeal Veto

Just hours before President Joe Biden vetoed the repeal of the Staff Accounting Bulletin (SAB) 121 on May 31, the American Bankers Association (ABA),...