Key Points: OKX cryptocurrency exchange is ceasing services to Japanese users due to local laws and regulations. Binance also announced last month that it will no longer provide services to Japanese c...
Category: Tech
Live Tech News Updates.
Injective (INJ) Continues To Build Momentum, Jumps Nearly 27% In A Single Week
Injective (INJ) has been positive in 2023, racking up a nearly 500% price increase since the turn of the year. This significant rise ranks the cryptocurrency as one of the year’s best-performing asset...
USDC Issuers Circle Eyes Major Push in the Hong Kong Market
US-based stablecoin issuer Circle Internet Financial Ltd. is closely watching the current regulatory developments in Hong Kong as the region’s new crypto rules went into effect earlier this month, sai...
TRX Could Surge And Revisit $0.085
Tron price is up over 5% and gaining pace above $0.0725 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.0850. Tron is slowly moving higher above $0.0720 pivot leve...
Tezos Releases Nairobi, XTZ Bulls Unmoved As Bears Dominate
Tezos, the self-amending proof-of-stake blockchain, and an Ethereum competitor, recently implemented its latest upgrade via Nairobi. In a release, the 14th network improvement went live at block #3,76...
Binance Australia got 12 hours’ notice before it was debanked, says exec
In the middle of the night, Binance Australia’s team was suddenly told it would be “cut off” from Australia’s banking system. There was no prior warning, consultation or redress, the exchange’s region...
Central Bank of Nigeria greenlights use of CBDC for international remittances
After growing concerns over the future of its central bank digital currency (CBDC), Nigeria’s banking regulator has expanded the use cases for the eNaira beyond local transactions. In its latest commu...
Jump Trading Accumulating DeFi Tokens, Including LDO, PERP, and MASK
On-chain data by LookOnChain, an analytics platform, shows that Jump Trading, a quant trading firm, has rapidly accumulated several decentralized finances (DeFi) tokens over the last week. Their move ...
Robinhood to axe 7% of full-time staff in latest round of layoffs: Report
Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year. According to an internal c...
Riot Acquires Next-Gen Miners from MicroBT, Boosting Mining Capacity
Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining and data center hosting industry, has made a groundbreaking move by entering into a long-term purchase agreement with Micr...
Binance.US Lost As Judge Rejects Its Accusations Of SEC Misleading Statements
Key Points: Binance’s attempt to limit the SEC’s use of terms relating to Binance.US’ handling of client money in press releases has been denied by Judge Amy Berman Jackson. The judge rejected the com...
Cosmos vs Polkadot: Is there a clear winner?
Both Cosmos and Polkadot witnessed significant growth in development activity. Stakers remained optimistic, while social engagements declined for both protocols. CosmosHub [ATOM] and Polkadot [DOT], t...
Pro-XRP Lawyer John Deaton Comments on Ripple Vs SEC Lawsuit Developments
Prominent lawyer and advocate for XRP, John Deaton, recently shared his thoughts on the latest developments in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC)....
Japan removes tax on ‘paper profits’ for digital token issuers
Japan is removing a tax on unrealized “paper gains” for companies issuing and holding their digital tokens. The new rules, proposed last December and put into effect this month, help to relieve a majo...
Hut 8 Secures $50 Million Credit Facility from Coinbase Credit
Canadian top crypto mining firm Hut 8 Mining Corp has obtained a million-dollar credit facility from the American crypto exchange Coinbase lending subsidiary. According to a press release today, June ...
Optimism Bedrock Upgrade Sends Network Transactions Soaring By 67%
Optimism (OP) is a layer 2 scaling solution that operates on top of the Ethereum mainnet, providing faster and cheaper transactions for Ethereum users. It was launched in 2020 and has quickly become o...
The Rise of Stablecoins: A Secure Haven for Investors
Stablecoins offer predictability and safety amid crypto volatility. Regulatory frameworks are key to stablecoins’ future success. In the ever-evolving landscape of cryptocurrency, the emergence of sta...
Lido falters at $2 – Bulls can seek re-entry here
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion LDO chalking a range formation below $2. Buying v...
France: CACEIS Bank receives approval to offer digital currency custody service
CACEIS Bank, the asset arm of Santander and Crédit Agricole, has confirmed the approval to provide digital currency custody services in France ahead of the application of new registration requirements...
BitGo Pending Acquisitions On Hold After Scrapping Prime Trust Purchase – What’s The Next Move?
Following the recent decision to abandon its proposed acquisition of Prime Trust, BitGo CEO Mike Belshe revealed that the cryptocurrency custodian has several other investments in the works. In an int...
Dogecoin Investors vs. Elon Musk: Lawyers Seek Disqualification for Misconduct
A group of Dogecoin investors filed this case against Elon Musk. The Plaintiff’s lawyers have requested that the judge dismiss Musk’s attorney. Elon Musk, the CEO of Tesla, is facing accusations of ma...
Are XRP sellers back in the game?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Price rejection at bearish OB halved week-long ga...
Solana, Polygon, Cardano Still Recovering From the SEC Calling Them Securities
Solana, Polygon, Cardano, and other tokens being dragged into the court battles by the Security and Exchange Commission (SEC) have lost 15%, or $5 billion, off their collective market capitalizations,...
FTX Lied to Banks for Years About Commingling Funds, New CEO Claims
FTX’s former management lied to banks about the suspicious movements of customer cash as far back as 2020, an explosive new report by the company’s new CEO alleges. Despite the FTX Group portraying i...
ZkSync vs. Optimism: The Zero-Knowledge Proof Race Heats Up
Matter Labs, the team behind zkSync Era, has launched an open-source framework for building zk-rollups and layer-3s called the “ZK Stack.” This framework will enable developers to create independent ...
Congress Restricts Staff Access to ChatGPT to Protect Privacy
Given that generative artificial intelligence models are based on the voracious ingestion of content, the preservation of privacy when using AI tools remains a significant concern for corporate and gl...
Dogecoin Investors Decry ‘Dirty Tactics’ by Elon Musk Lawyers in Insider Trading Case
Lawyers representing a group of Dogecoin investors who are suing Tesla CEO Elon Musk want the billionaire’s lawyers thrown out for misconduct, according to a new court filing in the case. In a ...
Swiss Central Bank Will Launch a Wholesale CBDC Pilot
At a conference in Zurich on Monday, the chairman of the Swiss National Bank (SNB) announced that the bank plans to issue a wholesale central bank digital currency (CBDC) on Switzerland’s SIX digital ...
How A Morning Star Pattern Could Awaken Altcoins
Like a strong cup of highly-caffeinated coffee or the sound of a rooster crowing at the crack of dawn, some things have the potential to be a real eye-opener. When it comes to altcoins, crypto investo...
Swiss CBDC Will Be ‘Real Money Equivalent to Bank Reserves’, Says Central Bank Chair
Swiss National Bank Chairman Thomas Jordan said on Monday that the institution will soon issue a central bank digital currency (CBDC) for wholesale payments on the country’s SIX Digital Exchange. The ...
Cryptocurrency Issuers in Japan Get Crucial Tax Relief
Japan’s National Tax Agency (NTA) has updated its corporate tax regulations, bringing clarity to the treatment of cryptocurrencies. Under the new rules, unrealized gains from crypto assets issued by c...
Court says it doesn’t need to “wordsmith” Binance and SEC’s announcements
The court handling the SEC’s ongoing case against Binance said that it is not necessary to revise either party’s public statements on June 26. The relevant order, signed by Judge Amy Berman Jackson, d...