Crypto PACs Expand Political Influence with Significant Funding

A cryptocurrency nonprofit has established a new political action committee (PAC) named Stand With Crypto to support pro-crypto politicians. The committee’s 440,000 members will enhance this effort to influence races in both the House of Representatives and the Senate.  Data from the Federal Election Commission reveals that crypto super PACs such as Fairshake, Defend American […]

Binance & KuCoin back in India with FIU Registration

KuCoin and Binance, two major cryptocurrency exchanges, have been registered with India’s Financial Intelligence Unit (FIU-IND) despite previous bans. Last December, these platforms were among nine financial entities prohibited from operating in the country. This registration is crucial as they are the first offshore crypto-related entities to be recognized by the Finance Ministry. KuCoin has […]

Toncoin Skyrockets 13.6% Ahead of NOT Launch

Toncoin, The Open Network’s native cryptocurrency, has shown a significant rise in the past 24 hours. Among the top 100 market-cap cryptocurrencies, it is second only to Akash Network in performance. Toncoin’s value rose significantly over the past 24 hours, climbing from about $6.04 to $6.89, an increase of 13.6%. The trading volume also spiked […]

TON Phishing Message Scam Lures Users with 5000 USDT Offer

In a recent revelation, the founder of Slow Mist has brought to light a concerning new phishing scam exploiting the Telegram Open Network (TON) transfer system. This deceitful scheme lures users into receiving seemingly discounted USDT tokens by leveraging misleading message comments within the TON blockchain.  With phrases like “Received +5,000 USDT,” unsuspecting users are […]

Render (RNDR) Jumps 13% in 3 Days Post Apple mentions Octane

In the digital currency realm, Render Token (RNDR) surged 13.25% in three days, from $10.02 to $11.35, after Apple mentioned Octane, a 3D design software by Render Network, during its iPad keynote featuring the M4 chip. Tim Millet, Apple’s vice president of platform architecture, noted Octane’s exceptional performance on the new iPad, which caught traders’ […]

Kraken Fights SEC Over ‘Investment Concept’ Wording in Filing

The ongoing verbal spar between Kraken and the US Securities and Exchange Commission took a new turn as Kraken fired back at the SEC’s claims. Kraken’s latest filing, a reply to the SEC’s April letter regarding the dismissal motion, argues that the SEC’s case lacks precision in its language.  Kraken responded on Thursday to the […]

White House to Nominate CFTC’s Johnson for Treasury Role

The White House is anticipated to nominate Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission, to serve as Assistant Secretary of the Treasury for Financial Institutions. The Assistant Secretary position carries a very large policy portfolio, from banks to credit unions, from insurance to consumer protection, and with special emphasis on cybersecurity. […]

Binance Unveils Notcoin (NOT) as 54th Launchpool Project

The world’s biggest cryptocurrency exchange, Binance introduces Notcoin (NOT) as its 54th project on Binance Launchpool, aiming to familiarize users with web3 through tap-to-earn mining.  Introducing @thenotcoin $NOT on #Binance Launchpool! Farm #NOT by staking #BNB and $FDUSD. ➡️ https://t.co/TeZucnfeRk pic.twitter.com/Y4dGfSGERb — Binance (@binance) May 9, 2024 The project’s webpage launches in 24 hours, preceding […]

Deutsche Bank Casts Doubt on Stablecoins, Tether Fires Back

Deutsche Bank’s report questioned the sustainability of stablecoins, which are digital currencies whose values are tied to traditional currencies such as the dollar. A past study indicated that only 14% of currency pegs engaged out successfully. They argue that stablecoins share similar vulnerabilities and predict widespread failures.  Tether did not agree with this story with […]

BlockFi Partners with Coinbase for Client Crypto Withdrawals

BlockFi, a Crypto lender facing liquidation, just announced it will join forces with Coinbase via a partnership to allow for crypto withdrawal of eligible clients as part of its bankruptcy proceeding. BlockFi web platform will no longer be available anymore from May 2024. The exact date of operation ending will be communicated soon. This program […]