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Crypto exchange Kraken has filed a motion to dismiss the SEC’s lawsuit alleging an unregistered exchange operation and mishandling of customer assets.

Kraken joins crypto exchanges battling SEC lawsuit, denies wrongdoing

In a blog post on Feb. 22, crypto exchange Kraken said it had filed a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) lawsuit against it in a U.S....

6 months ago

More Users Interested in Cash App Cards

Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App

Block, a payment platform led by ex-Twitter boss Jack Dorsey, has made enormous Bitcoin gross profits in Q4 2023. Block earned $66 million from selling Bitcoin through Cash App, the fi...

6 months ago

Grayscale Privacy ETF to Allocate 10% to Privacy-Preserving Protocols

Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering

Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission on Tuesday. The Grayscale Privacy ETF seeks...

6 months ago

South Africa’s 2024 budget review highlighted the need for structural reforms and a focus on improving public financial management.

South Africa eyes stablecoins and blockchain for digital payments

The annual budget of South Africa revealed its treasury’s plan to promote the adoption of digital payments, which includes analyzing stablecoins and blockchain to “improve the lives ...

6 months ago

Bayo Onanuga, adviser to Nigeria’s president, accused Nigerians of being unpatriotic when trading currency on the Binance platform.

Binance faces scrutiny as presidential adviser calls for Nigerian ban

An adviser to Nigeria's president has called for a ban on Binance, KuCoin, and other trading platforms in the country. Bayo Onanuga — President Bola Tinubu adviser's...

6 months ago

Terra founder Do Kwon will be extradited to the U.S. following months of back and forth between courts in Montenegro.

Do Kwon’s extradition to US approved by Montenegro court

A High Court of Podgorica, Montenegro’s capital, ruled to reject South Korea’s request to extradite Do Kwon to his home country for criminal prosecution, per local media outlet ...

6 months ago

Vitalik Buterin Notes Consequences of Bugs in L2

Vitalik Buterin Voices Concern About Complex Layer 2 Solutions

Ethereum (ETH) co-founder Vitalik Buterin has once again voiced his concerns regarding overly complicated Layer 2 scaling solutions. Taking to social media on Wednesday...

6 months ago

The U.S.-based stablecoin issuer said it would discontinue minting USDC on the Tron network “to ensure that USDC remains trusted.”

Circle to cease minting USDC on Tron network effective immediately

Circle, the issuer of the United States dollar-pegged stablecoin USD Coin, says it will discontinue support for the token on the Tron blockchain, saying the decision aligns with “efforts t...

6 months ago

The price of ether briefly reached $3,000 earlier on Tuesday for the first time since April 2022.

Ether hits $3,000 for the first time since 2022 amid spot ETF speculation

Following the recent spot bitcoin ETFs launch, attention is turning toward the prospect of a spot ether ETF in the U.S. Ether's price reached $3,000 earlier on Tuesday for the firs...

6 months ago

Franklin Templeton, a leading global asset management firm, has spearheaded an undisclosed investment round for Blockhead, a blockchain-focused media publication based in Singapore.

Franklin Templeton leads investment in Blockchain media firm Blockhead

Franklin Templeton, a leading global asset management firm, has spearheaded an undisclosed investment round for Blockhead, a blockchain-focused media publication based in Singapore. Wi...

6 months ago