Binance, the world’s largest cryptocurrency exchange, recently announced that it will be suspending deposits and withdrawals for approximately one hour on July 17th. This decision is a part of a scheduled wallet maintenance process. Despite this temporary setback, trading services will remain unaffected. It is essential to note that Binance will not provide any further
Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), recently expressed openness to the idea of the agency serving as a primary regulator for cryptocurrencies. During a Senate Agriculture Committee hearing focused on digital commodities oversight, Behnam discussed the agency’s capacity to take on a more central role in regulating the crypto market. Senator
The establishment of the Blockchain Security Standards Council (BSSC) by Kraken, along with other major industry players, marks a significant step towards enhancing security within the crypto sector. The BSSC aims to create uniform security standards across the industry to address pressing security threats such as fraud, nation-state cyberattacks, and protocol exploitation. By developing consensus-driven
ShardLab, the blockchain arm of global Web3 venture capital firm Hashed, has recently unveiled a groundbreaking web application that aims to simplify decentralized identity (DiD) and NFT voucher distribution. Integrating cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), this app is poised to revolutionize the way we approach everyday transactions in the
The world of cryptocurrency has been buzzing with excitement as Ethereum 2.0 staking experiences a surge in participation. A major milestone has recently been reached with the deposit contract for staking Ethereum on the Beacon Chain reaching an all-time high of 47.36 million ETH. This represents a significant increase from just two years ago when
A self-proclaimed crypto analyst, known on X as ‘DonAlt,’ recently made headlines by predicting that Bitcoin’s price could soar to an impressive $100,000 in the coming years. This optimistic outlook comes amidst growing inflows into Spot Bitcoin ETFs and the widespread anticipation of an imminent bull run in the cryptocurrency market. While some may view
In recent times, Bitcoin has experienced a significant dip in its price, with a 15% decrease over the past 30 days. This drop was most notable towards the end of last week when the price fell below $54,000 for the first time since February. However, there has been a slight recovery, with the current trading
The latest data from Santiment, a market intelligence platform, reveals Ethereum (ETH) to be the top trending token in the cryptocurrency sector. This surge in popularity is attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions like BlackRock, Fidelity, VanEck, and others. Experts speculate that ETH may soon break
The recent news of Paxful’s co-founder and former CTO, Artur Schaback, pleading guilty to conspiracy charges of deliberately failing to establish, develop, and maintain a compliant AML program as required by the Bank Secrecy Act, serves as a stark reminder of the consequences of non-compliance in the financial industry. Schaback’s failure to collect necessary KYC
Over the recent weekend, Bitcoin experienced a significant drop in price, falling below the $60,000 mark due to rapid selling by major holders like the German and US governments. This sudden drop resulted in one of the largest declines seen for the leading cryptocurrency in the past two years, causing the market to lose billions
