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Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance StandardsMany of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry participants have said many crypto firms are not audited because the […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

EU Council Adopts New Rules for Europe’s Crypto Markets

EU Council Adopts New Rules for Europe’s Crypto MarketsThe Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National CurrenciesSouth Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS Users

Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS UsersAxie Infinity Origins, the blockchain-based, play-to-earn (P2E) game, has successfully cleared Apple’s rigorous App Store review process and the game’s app is now available for Apple iOS users. Sky Mavis, the creator behind Axie Infinity, has adopted a strategic approach by rolling out the game’s app in stages, with targeted release plans for various Latin […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

DRC20 Tokens Take Dogecoin Community by Storm, Driving Record-Breaking Daily Transactions on the Network

DRC20 Tokens Take Dogecoin Community by Storm, Driving Record-Breaking Daily Transactions on the NetworkWith the BRC20 token economy maintaining a market capitalization of nearly $500 million, the introduction of the DRC20 token standard has sparked a flurry of excitement within the Dogecoin community. The emerging token type has ignited a surge of activity, leading to a substantial increase in daily transactions on the Dogecoin blockchain. Specifically, on Wednesday, […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into BitcoinTether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition Tether, the company behind the crypto economy’s largest […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

Harvard Business Review: Alchemy Pay, Crypto Payment Ecosystem Pioneer

Harvard Business Review: Alchemy Pay, Crypto Payment Ecosystem PioneerIntroduction. When we discuss the future of the digital economy and real life in the next generation of the Internet, we are inevitably talking about Web 3.0. The future is unknown, but we have seen some tech companies already exploring and deepening on their tracks, such as Alchemy Pay, mentioned in this article. We will […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

Biggest Movers: DOGE, XRP Hit 1-Week Highs, Despite Wednesday’s Crypto Red Wave

Biggest Movers: DOGE, XRP Hit 1-Week Highs, Despite Wednesday’s Crypto Red WaveDogecoin rose to a one-week high on Wednesday, despite cryptocurrency markets mostly moving lower. As of writing, the global crypto market cap is trading nearly 1% lower. Xrp also surged, climbing by over 6% in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) was able to climb to a one-week high in today’s session, despite markets mostly […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse

Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent

Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses DiscontentHardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not embraced this new feature, with numerous digital currency users venting their frustration on social media platforms. Ledger’s […]

Class-action suit filed against Binance for alleged harm to FTX before its collapse