Blockchain Reports
Crypto

The cryptocurrency trading portal of WeStreet Credit Union is now open to the public.

WeStreet Credit Union, headquartered in Tulsa, Oklahoma, has announced a Crypto Portal to help its members and the public purchase, sell, and hold

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Crypto

Binance.US Stops Withdrawals of Direct Dollars

Coinbase.Following an update to the exchange’s conditions of usage, US users are no longer able to withdraw dollars directly from the platform. “In

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Crypto

BitGo Acquires HeightZero, a Crypto Wealth Management Platform

BitGo, a cryptocurrency custody specialist, has purchased HeightZero, a company that offers software solutions to financial managers whose customers may wish to allocate

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Crypto

A Web3-Powered File Management App Funds $1.5M to Provide a Google Substitute.

Fileverse, a Web3 workspace and file management tool, raised $1.5 million in a pre-seed round. According to a news release issued by the

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Article

Can The financial landscape be shaped by the AI and Defi Union

In the rapidly changing world of financial technology, two revolutionary forces have surfaced: artificial intelligence (AI) and decentralised finance (DeFi). AI, a technology

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Crypto

Upbit Singapore Gets Initial MAS Approval for Major Payment Institution License

An important milestone in the company’s plan to strengthen its digital asset venture in the area was taken on October 16, 2023, when

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Crypto

The Owner of the Hong Kong-Based Crypto Exchange OSL Weighs Sale at $128M Valuation

According to a Bloomberg story published on Monday, BC Technology Group is considering selling its cryptocurrency exchange, OSL, for a price of $128

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Crypto

32 cryptocurrency addresses connected to terrorism and warfare in Israel and Ukraine are frozen by Tether.

According to a press announcement on Monday, stablecoin issuer Tether has frozen cash in 32 cryptocurrency accounts connected to terrorism and conflict in

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Blockchain

According to a report, Latin America leads the world in favor of centralized exchanges.

In a recent analysis, the blockchain analytics company Chainalysis found that Latin America has a tendency to favor centralized exchanges (CEXs) over decentralized exchanges (DEXs) in comparison to the rest of the globe. According to a research released on October 11 and trailing only the Middle East and North America (MENA), Eastern Asia, and Eastern Europe in terms of global crypto economy size, Latin America has the seventh-largest market. It does point out that CEXs are highly preferred by Latin American cryptocurrency consumers. “Latin America shows the highest preference for centralized exchanges of any region we study, and tilts slightly away from institutional

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Crypto

Gov. Gavin Newsom approves a crypto regulatory measure for 2025.

A cryptocurrency measure that will begin to enforce harsher regulations on companies performing crypto operations in July 2025 has been adopted by California Governor Gavin Newsom. According to a statement released by Newsom on October 13 and dubbed the Digital Financial Assets Law, it will be necessary for both individuals and businesses to get a Department of Financial Protection and Innovation (DFPI) license in order to engage in business activities involving digital assets. A reference to California’s money transmission rules, which forbid the operation of banking and transfer services without a license issued by the DFPI commissioner, is made in legislative documents. The DFPI will be able to impose strict audit requirements on crypto enterprises and oblige them to adhere to recordkeeping standards thanks to the new crypto statute, nevertheless. “[This bill] would require a licensee to maintain […] for 5 years after the date of the activity, certain

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Crypto

FTX estate owns 5.5 million shares coins in the Solana brand.

The FTX estate staked more than 5.5 million SOL on October 13 suggesting that it is optimistic about Solana. On-chain data indicates that the coins were transmitted to Figment, a staking validator company for institutional investors, by a wallet with the FTX identifier. FTX estate address was eventually determined to be the source of the transaction by anonymous on-chain researcher Ashpool after it was discovered by blockchain tracker Whale Alert. A small portion of FTX’s SOL holdings, totaling $122 million, are represented by the coins staked. Staking entails securing a predetermined number of coins for a predetermined amount of time. In exchange for safeguarding the network with their investments, stake holders receive SOL coins as compensation. The defined vesting timeline results in FTX frequently receiving a sizeable amount of SOL unlocked. FTX was an early investor in Solana. These holdings are subject to liquidation at any time by the FTX estate, which is managed by a bankruptcy trustee. Recovering assets for the exchange’s creditors is its main responsibility. With the sale of $1.3 billion in SOL from FTX allowed by a US court in September, holders of the stock began to worry about a possible price decline. The bankruptcy court mandated that the sale take place through an investment adviser in weekly batches in order to prevent burdening the cryptocurrency market. SOL’s price fell to a two-month low of $17.34 on September 11 as a result of the decision. Among the top 10 assets held by the corporation, including Solana,

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Tech Africa

truQ, a logistics startup, wins TC Startup Battlefield and receives ₦2.5 million.

The winner of the TC business Battlefield competition is TruQ, a logistics business that streamlines mid-mile logistics throughout Africa. The business beat out

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Crypto

Grayscale Bitcoin ETF court ruling is allegedly not something the SEC will appeal

In the event that this is accurate, Grayscale’s application for a spot Bitcoin ETF must be reviewed and approved by the SEC. Grayscale

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Crypto

Ferrari will take cryptocurrency payments in the US.

Due to dealer requests and market demand—many customers having invested in digital currencies—Renault Ferrari decided to accept cryptocurrency payments. Ferrari will take bitcoin

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Crypto

Paolo Ardoino, a CTO, is named CEO of the Tether stablecoin company.

According to the corporation, Tether’s dedication to actively exploring new business operations is reflected in the shift in leadership. Tether, the stablecoin issuer

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Blockchain

GMX Acquires the Largest Amount of $40M Arbitrum Grant Through Perpetual Trading Protocol

ARB tokens worth a total of forty million have been amassed by a number of projects utilising the Arbitrum blockchain during a short-term

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Blockchain

Flare Network Will Burn 2.1B FLR to Promote the Health of the Ecosystem

The creators of the Flare blockchain recently declared their intention to burn 2.1 billion FLR coins in order to promote ecosystem growth and

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Article

What is the impact of cryptocurrency security on economic issues

Driven by groundbreaking Blockchain technology, cryptocurrencies are transforming the global financial environment and rethinking economic assumptions. Cryptocurrencies are removing long-standing obstacles and fostering

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Crypto

Bitfinex Reveals No-Cost P2P Exchange in Venezuela, Colombia, and Argentina.

Market takers in Argentina, Colombia, and Venezuela can now trade without paying any fees on Bitfinex’s peer-to-peer (P2P) network. Bitfinex is a well-known

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Crypto

A Chinese court invalidated cryptocurrency lending in a second historic decision.

After the borrower defaulted, the plaintiff, Mr. Ming, will not be able to obtain court remedy to recover his 80,000 Tether loan. According

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Crypto

After two months of decline, Reddit’s Fortnite token, BRICK, more than doubles in value.

Following a two-month decline of more than 80% in value, Bricks (BRICK), the native token of Reddit’s Fortnite community, saw a 110% increase

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Crypto

The CEO of Bitstamp believes that the company’s exit from Canada is a “timing issue.”

According to Bitstamp USA CEO, the company’s expansion goals are “primarily a timing issue” that led to Bitstamp’s decision to end operations in

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Crypto

WOO Network Repurchases Tokens and Shares From Insolvent Three Arrows Capital

The liquidator of the insolvent hedge fund Three Arrows Capital (3AC), Teneo, and Taiwan-based liquidity provider WOO Network have reached an agreement for

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Blockchain

Barclays and JPMorgan Launch Tokenized BlackRock Shares as Collateral

The first live blockchain-based collateral settlement transaction between JPMorgan and BlackRock and Barclays was completed on Wednesday, according to the massive American bank.

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Crypto

Regulator Says Binance’s U.K. Partner Can’t Approve Crypto Ads

The local financial authority warned on Tuesday that Binance’s U.K. partner was not permitted to approve cryptocurrency adverts, possibly undermining the exchange’s efforts

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Crypto

Zimbabwe adopts a digital token backed by gold as a form of payment

In April 2023, the Reserve Bank of Zimbabwe unveiled its new scheme, which called for each digital token to be backed by a

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Crypto

Israeli Police Freeze Hamas-Linked Crypto Accounts With Binance’s Assistance.

According to a press release from the Israeli police, cryptocurrency accounts related to the Palestinian militant organisation Hamas have been frozen, local media

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Article

Bitcoin energy usage and the role of Miners as energy buyers

Bitcoin has revolutionised the financial industry and prompted a passionate debate about its environmental impact in the dynamic world of digital currency because

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Crypto

Binance and OKX will adhere to new financial marketing regulations in the UK.

Crypto companies like Binance, OKX, and MoonPay have declared they have been striving to conform to the new financial promotion restrictions in the

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Crypto

Deribit seeks an EU licence to list XRP, SOL, and MATIC options.

Deribit, the most active and actively traded crypto options exchange in the world, will soon provide options linked to the well-known alternative cryptocurrencies

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