Norway is on track to establish Europe’s first regulated data center industry, aiming to differentiate between socially beneficial centers and those that harm the climate through crypto-mining. This initiative involves creating separate categories for these centers. Trade and Industry Ministers Karianne Tung and Terje Aasland are pressing through new legislation that forces data centers to […]
Taiwan is becoming more strict with crypto service providers that are disobedient to anti-money laundering (AML) regulations. The Ministry of Justice suggests amendments which might lead to fines of up to $1.5 million and 5 year imprisonment on the companies that don’t stick to the rules. The proposed changes have been developed to minimize instances of fraudulent […]
Investment giant Franklin Templeton has been optimistic about Base, an Ethereum layer 2 scaling solution, claiming that it’s gaining a considerable stake in the emerging SocialFi (Social Finance) market. According to a May report by Franklin Templeton, Base had a share of almost half (46%) of all SocialFi transactions, which was better than BNB Chain […]
CEO of Ethereum scaling company, Neel Somani, has scaled back his public role following a sexual misconduct accusation on X platform last week.Somani, however, consistently maintains his innocence, insisting that the allegations are “false. “ Serious allegations have been made against me on Twitter in the last week. These allegations are false, but serious allegations […]
Coinbase, a U.S Crypto exchange, announced the listing of three new altcoin perpetual futures contracts: Jupiter (JUP), Token (TNSR), and Jito (JTO). These contracts will be available for trading on the Coinbase Exchange and Coinbase Advanced platforms by May 16,2024 at 9:30 UTC.This announcement follows the previous addition of AR-PERP, HBAR-PERP, and THETA-PERP contracts on […]
Marathon Digital Holdings, Inc. (NASDAQ: MARA (MARA), a pioneer in digital asset technology, has presented the outcomes for the first financial quarter of 2024, demonstrating considerable development. The company had a 223% surge with revenues of $165.2 Million. An 400% increase from $51 million in 2023. The increased revenue is linked to a huge increase […]
On May 3, 2024, a well-arranged poisoning operation saw the disappearance of 1,155 Wrapped Bitcoin (WBTC) worth about $71. 1 million. The attacker used vanity address services to generate an address that was almost identical to that of the victim, which eventually led the victim to send funds to the wrong address created by the […]
Digital Currency Group (DCG), Grayscale’s parent company, announced first-quarter revenue of $229 million, up 11% over the prior quarter. DCG’s first quarter revenue year over year was up 51% versus the same period last year while the price of bitcoin was up roughly 134%. The company disclosed that Grayscale contributed $156 million to its first-quarter […]
Joseph Lubin, one of the co-founders of Ethereum and CEO of Consensys, slammed the U. S. Securities and Exchange Commission (SEC) for its method of cryptocurrency regulation. During the FT Live’s Crypto and Digital Assets summit in London, Lubin stated that SEC is doing strategic enforcement rather than open discourse. This statement comes after Consensys’s […]
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is pursuing regulatory action against Binance Holdings Limited for allegedly breaking money laundering regulations. Binance faced a $6,002,000 administrative penalty on May 7, 2024, for two violations discovered during a 2023 compliance review. #FINTRAC has imposed an administrative monetary penalty of $6,002,000 on Binance Holdings […]