General News

Bittrex Files for Chapter 11 Bankruptcy Protection

Cryptocurrency trading platform Bittrex filed for Chapter 11 bankruptcy protection in the District of Delaware on May 8. In its filing with the United...

Zimbabwe Sets Price for Gold-Backed Digital Tokens

The Reserve Bank of Zimbabwe has set prices for its gold-backed digital tokens, planning to sell them to investors starting May 8. Individual investors...

US Crypto Firms Seek Overseas Opportunities Amid Regulatory Crackdown, Says JPMorgan

In response to the increasing US regulatory crackdown, American crypto firms are looking for opportunities overseas, according to a research report by JPMorgan released...

Twitter User Wins $1 Million Inflation Bet Against Balaji Srinivasan

A pseudonymous leftist Twitter account, @jdcmedlock, won a $1 million bet on US inflation against crypto investor Balaji Srinivasan. The account, supposedly linked to...

Coinbase Launches Crypto-Derivatives Exchange in Bermuda

Coinbase Global, the parent company of the largest crypto exchange in the United States, has opened a new international exchange in Bermuda to trade...

Block Develops 5nm Bitcoin Mining Chip Prototype

Block, a financial services and technology company owned by former Twitter CEO Jack Dorsey, has completed the prototype design of its new 5nm Bitcoin...

Mastercard Unveils Crypto Credentials at Consensus 23

Mastercard has taken an innovative step in blockchain technology by unveiling Mastercard Crypto Credential at Consensus 23. The payment company is collaborating with blockchain...

Hong Kong Set to Launch Crypto Exchange Licensing Guidelines in May 2023

Hong Kong's ambition to become a crypto hub is on the verge of being realized as the Securities Futures Commission (SFC) of the region...

Binance.US Terminates $1 Billion Voyager Asset Purchase

Binance.US has withdrawn from its agreement to purchase $1 billion worth of assets from bankrupt cryptocurrency brokerage Voyager Digital, citing "the hostile and uncertain...

Bybit Mandatory KYC Verification for All Services Starting May 8

Starting May 8, cryptocurrency exchange Bybit will make Know Your Customer (KYC) identity verification mandatory for all products and services it offers. According to...

China Expands Digital Yuan Applications for Belt and Road Initiative

China is expanding the use cases for its central bank digital currency (CBDC), the digital yuan or e-CNY, in cross-border trades and its Belt...

Gemini to Establish Engineering Hub in India, Taps into Tech Talent

Gemini, a US-based cryptocurrency exchange, has announced plans to set up an engineering center in Gurgaon, India, leveraging the country's wealth of top tech...