Major centralized exchanges experienced a substantial growth in their futures trading volumes at the end of March. According to data from WuBlockchain, Bitfinex and Deribit saw triple-digit percentage gains in futures trading volume compared to February, at 122.7% and 111.8%, respectively, with figures reaching over $3 billion and $27 billion. Meanwhile, Binance recorded a 47.7%
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Bitcoin’s Ordinal inscriptions have been gaining unstoppable momentum, defying skeptics and surpassing several milestones. The blockchain now boasts over 7 million inscriptions, a clear indication of the high demand for this trend. As of May 16, 2023, the number of inscriptions stands at 7,204,882, up from the inaugural one in December 2022. The growth rate
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In recent weeks, Coinbase has been requesting clear regulatory guidelines from the SEC to maintain compliance. In response, the SEC has remained silent, leading Coinbase to take legal action. The CEO of Coinbase, Brian Armstrong, has stated that his company is keen to avoid regulatory enforcement and instead, promote cooperation and amicable discussions with regulators.
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On Monday, the Seoul Southern District Prosecutor’s Office conducted a search on two of the country’s leading digital asset exchanges, Upbit and Bithumb, as part of an investigation into a growing scandal regarding the suspicious cryptocurrency dealings of a South Korean opposition lawmaker. Kim Nam-kuk, a first-term member of the National Assembly, was accused of
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The five member nations of the BRICS economic bloc are developing guidelines to address the growing interest of other countries wanting to join the bloc. South Africa’s Minister of International Relations and Cooperation, Naledi Pandor, revealed the news while addressing the South African line ministry on “Strengthening Partnerships for a Fairer and More Equitable Global
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Mattel, the popular toymaker, has teamed up with the Fast & Furious franchise to create a new digital collection that features the iconic vehicles from the films. The collection is set to be released in the form of non-fungible tokens (NFTs), providing fans with an exciting new way to engage with their favorite cinematic cars.
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The European Union’s Economic and Financial Affairs Council has given unanimous approval to the Markets in Crypto-Assets (MiCA) regulation. The MiCA bill was also passed by the EU Parliament last month. The legislation sets out a comprehensive framework for regulating the crypto industry in the EU, including rules for utility tokens and stablecoins. The bill
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Ether’s price has been struggling to maintain its $1,800 support level since May 12, and investors are facing pressures from a worsening regulatory environment for cryptocurrencies. The United States Securities and Exchange Commission (SEC) recently responded to Coinbase’s petition for clear crypto regulation, stating that rulemaking may take years, and enforcement actions will continue in
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Worldcoin, the blockchain biometrics project co-founded by OpenAI CEO, Sam Altman, announced a $100 million funding deal this week. The latest round of investors includes both new backers and previous seed round investors such as a16z, Coinbase’s venture capital division, Khosla Ventures, and Sam Bankman-Fried. Despite the significant drop in venture funding for Web3 startups
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Launchpad XYZ has a grand vision for the future of web3, where all aspects of decentralized finance, NFTs, play-to-earn gaming, and the metaverse are accessible through a single hub. To achieve this goal, Launchpad XYZ is conducting a presale of its $LPX utility token, which has already raised over $450,000, indicating strong interest in the
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Celsius, the bankrupt crypto lending firm, is eager to retrieve its staked Ether (ETH) stash from liquid staking platform Lido. It has initiated the process of withdrawing its Lido Staked ETH (stETH) from the protocol. It has requested the withdrawal of 428,084 stETH in batches of 1,000. The stash is valued at approximately $784.7 million
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Web3 payments refer to payments made using cryptocurrencies and blockchain technology. There are several benefits to using Web3 payments over traditional payment methods. Firstly, cryptocurrency payments are faster and more secure due to the immutable nature of blockchain technology. Secondly, they have lower transaction fees, which can significantly increase a merchant’s profit margins. Thirdly, they
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