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Choosing the finest Ravencoin wallets can rapidly become a daunting endeavour for newcomers due to the abundance of crypto wallets available on the market. The Ravencoin development team has created one of the many wallets that are appropriate for this cryptocurrency, allowing users to store their money in a safe and secure manner. What is
Bill Qian, the chairman of Cypher Capital and the former global head of fundraising at Binance Labs, claims that Wall Street corporations and major financial institutions, rather than cryptocurrency enthusiasts, have the greatest interest in promoting the approval of spot Ether tickers down exchange-traded funds (ETFs). “Wall Street firms are making every effort to ensure
Crypto exchange OKX notified clients in India that they have until the end of April to wind up their positions because it is ending its service in the world’s most populous country as a result of local regulations. The notice – seen by CoinDesk – told the customers they need to close all margin positions,
According to a United Nations (UN) Security Council research, South Korean news agency Yonhap said on Thursday that there had been $3 billion in cryptocurrency thefts connected to North Korea between 2017 and 2023. The report also stated that a UN Security Council panel is looking into 17 cryptocurrency heists that occurred in 2023 and
The Web3 and artificial intelligence (AI) firm Tensorplex Labs has raised $3 million in initial money to build out the infrastructure for decentralised networks of artificial intelligence. According to an email from Tensorplex, the round was headed by Canonical Crypto and Collab+Currency and featured participation from well-known cryptocurrency investors like Digital Currency Group (DCG), Quantstamp,
Oliver Sleafer has been named chief financial officer (CFO) of Backpack, the cryptocurrency exchange started by former executives from FTX and Alameda. In October of last year, Sleafer became the head of treasury at Backpack. He had been with payments startup Stripe for two years as head of liquidity management for the Asia-Pacific region. He
A British individual was found guilty of laundering large sums of bitcoin (BTC) for a Chinese fugitive linked to an alleged $6 billion investment fraud, Bloomberg reported on Wednesday.A London jury determined that Jian Wen, who rejected the allegations, assisted her former employer in laundering monies between 2017 and 2022.The jury was unable to reach a resolution on two more accusations. The 42-year-old had already been cleared of additional money laundering allegations in a separate trial. In a 2018 operation, U.K. police confiscated more than 1.7 billion pounds ($2.2 billion) in bitcoin tied to the alleged scam.Jian Wen was accused of laundering Bitcoin on behalf of her former employer, Yadi Zhang (actual name Zhimin Qian).Zhimian is accused of duping over 130,000 investors in China in an investment fraud that prosecutors say netted nearly $6 billion.Jian will be sentenced on May 10.
The Ethereum Foundation, the Swiss non-profit at the heart of the Ethereum ecosystem, is being investigated by an unspecified “state authority,” according to the group’s GitHub repository.As of press time, the investigation’s scope and focus were unknown.According to a GitHub commit dated February 26, 2024, “we have received a voluntary enquiry from a state authority that included a requirement for confidentiality.” The probe comes at a pivotal moment for Ethereum’s technology and its native asset, ETH, which many American finance firms are looking to provide as an exchange-traded fund.Despite recently authorizing a succession of Bitcoin ETFs, the Securities and Exchange Commission (SEC) has been slow to go further.Following the publishing of this article, Fortune reported that the SEC is attempting to classify ETH as a security, a move that would have significant repercussions for Ethereum, an ETH ETF, and cryptocurrency as a whole.According to Fortune, the financial regulator has sent investigating subpoenas to U.S. corporations in recent weeks. Previously, the Ethereum Foundation’s website contained the following disclosure: “The Ethereum Foundation (Stiftung Ethereum) has never been contacted by any agency anywhere in the world in a way which requires that contact not to be disclosed. Stiftung Ethereum will publicly disclose any sort of inquiry from government agencies that falls outside the scope
Exchange of cryptographic currencies With the help of its long-standing state-chartered banking licence in the area, Kraken has revealed a qualified custody solution for institutional clients in cryptocurrency-friendly Wyoming. According to the announcement made on Wednesday, Kraken Institutional is run under the special purpose depository institution (SPDI) charter that the exchange obtained back in 2020.
The newest layer-1 cryptocurrency exchange, Berachain, does not yet have any traders or exchanges operating on it. The mainnet is not even operational yet. Nevertheless, Ooga Booga is continuing to raise money to help both in spite of this. According to co-founder Kevin Liu, the oddly called supplier of financial infrastructure raised $1 million at
The cryptocurrency-friendly bank Meld intends to provide individual investors with lending and borrowing against tokenized real-world assets (RWAs) in the near future, perhaps enabling them to “ape more into bitcoin.” The bank and the decentralised finance (DeFi) platform Swarm Markets have inked a memorandum of understanding, according to a recent email release from a spokesman
Genesis Global Capital, a bankrupt cryptocurrency lender, has consented to a final judgment requiring it to pay $21 million to settle allegations with the Securities and Exchange Commission (SEC) for breaching securities laws in connection with the now-defunct Gemini Earn program, the SEC reported on Tuesday.The settlement comes only days after a New York judge dismissed Genesis and cryptocurrency exchange Gemini’s attempts to halt the SEC action filed in January 2023 from proceeding.Genesis and two affiliates filed for bankruptcy immediately after the SEC allegations. Genesis said in court records in February 2024 that it had reached an agreement with the SEC to settle the accusations for $21 million, and the arrangement appears to have been concluded.Critically, the SEC would not collect any “portion of the penalty until after payment of all other allowed claims by the bankruptcy court,” according to the release. “Today’s settlement builds on previous actions to make clear to the marketplace and the investing public that crypto lending platforms and other intermediaries need to comply with our time-tested securities laws,” said SEC Chair Gary Gensler in a statement.
Coinbase Inc. (COIN) has gained allies in its legal battle against the United States Securities and Exchange Commission (SEC) to force the agency to reconsider its refusal to write specific rules to govern the cryptocurrency industry, with Paradigm, the Crypto Council for Innovation, and others filing outside arguments with the circuit court. Paradigm’s lawyer said in a friend-of-the-court brief on Monday that the SEC is attempting to treat cryptocurrency as if it is a product of the old financial system, in which a company issues a security and is responsible for telling the public about it.That is a difficult undertaking for a cryptocurrency project without a base of operations, a dedicated team, or a central source of management, according to the crypto investment firm. “As long as the SEC’s registration process requires a centralized issuer, it will be incoherent for crypto assets, meaningful disclosures will not happen, and the public will not have access to the material information that it needs,” according to the Paradigm brief filed with the U.S. Court of Appeals for the Third Circuit.
The influx of investor funding into crypto’s “real world assets” sector shows no signs of slowing, with MANTRA Chain, a planned network for transferring tokenized real estate and other assets, raising $11 million. MANTRA, a Middle East-focused project, is nearing completion on obtaining licenses from Dubai’s crypto regulator VARA, according to founder John Patrick Mullin.These approvals will be critical to MANTRA’s efforts to develop and host a suite of compliance-focused solutions for issuing and trading RWAs.Many companies in the industry and beyond believe RWAs will become a multibillion-dollar business by the end of the decade.For this to happen, much of the trade in “traditional” asset classes that are widely popular among investors (real estate, stocks, and possibly even art) will have to shift to blockchains. It hasn’t happened yet. Nonetheless, organizations such as MANTRA have amassed funds to corner this industry before it takes off.Part of that entails determining who may engage in RWA trading, whether it is a free-for-all (like meme coin trading) or more structured (like the stock market). The vision Mullin described to CoinDesk is a more restrictive or “permissioned” environment. “You do have to go through an on-boarding process to get into this walled garden,” Mullin said. “But once you’re in, you’re in.” Shorooq Partners, an early-stage technology investor, led MANTRA’s round, which also included Three Point Capital, Forte Securities, Virtuzone, Hex Trust, and GameFi Ventures, according to the news release.Mullin said he intends to start on another fundraising roadshow soon. The MANTRA network is not yet operational, hence no RWAs can be issued or traded at this time.However, it is envisaged for Cosmos, a network of closely linked but separate blockchains.According to MANTRA papers, Cosmos does not yet have a specific “app-chain” for trading tokenized RWAs.Mullin stated that once launched, MANTRA will target the “crypto native” community, or those who are already familiar with cryptocurrency, decentralized exchanges, on-chain borrowing and lending, and so on. Nonetheless, Mullin, who stated that he had to reorient his prior crypto business ideas following the many industry implosions of 2022, acknowledged the difficulties associated in developing a durable product for RWAs, a sector that, despite its lofty forecasts, has yet to take off. “Right now we’re seemingly in a bull market but three months ago
Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim
According to a statement from Triple-A, the super app’s cryptocurrency payments partner, Grab is now accepting cryptocurrency payments from users. In South Asia, the super app provides digital payments, food delivery, and vehicle hailing services. It is found in eight countries in the region, although it seems that the current development is limited to Singapore.
The London-based company Keyring announced on Tuesday that it has raised $6 million in venture capital funding to extend its on-chain compliance platform, which is aimed towards institutional investors and procedures. The seed funding round was headed by Gumi Cryptos Capital and Greenfield Capital, with participation from Motier Ventures, Kima Ventures, and other investors, according
Startups trying to transform their creative ideas into viable, long-term enterprises must navigate the constantly changing blockchain market and its plethora of development alternatives. Employing a group of capable developers becomes essential as businesses expand and flourish. This tutorial will examine many approaches and factors to hire the best employees, create a fun work environment,
Despite a significant misstep, one of the newest tokens coming from the Solana meme coin presale tale has amassed numerous exchange listings, a $1.7 billion trading volume, and thousands of unique holders in just a few hours of going live. Slerf, a sloth-themed meme coin on the Solana network, raised $10 million in its presale on Monday.The token is one of dozens that have appeared as presales – or fundraising sales before the official release – in recent days, following the popularity of Book of Meme (BOME) earlier this month. However, the project’s creator lost all collected funds after unintentionally transferring the tokens to a burn address, which is one that no one has authority over. “I burned the LP and the tokens that were set aside for the airdrop,” @slerfsol wrote on X. “Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so f—ing sorry.” “This is not a joke I really f****d up
Coti, an Ethereum-based confidentiality layer, will deliver $10 million in Coti v2 tokens via airdrop to holders of its native Coti (COTI) token. Coti v2 is an Ethereum layer-2 protocol that focuses on privacy and is designed to securely communicate sensitive data between Web3 apps.The company announced a planned community rewards project in which it will airdrop 40 million Coti v2 tokens to existing native and ERC-20 COTI holders. According to the notification made to Cointelegraph, the Coti v2 airdrop campaign will begin on March 25.However, the distribution of Coti v2 tokens will begin in the fourth quarter of 2024, immediately following the token production event.In addition to existing COTI token holders, all treasury participants are instantly eligible for airdrop incentives.Coti added that the airdrop is in addition to all annual percentage yield awards for tokenholders. The announcement reads. “Users simply need to have a deposit in the Treasury to participate, but those who have made deposits before February 28, 2024, will receive an additional bonus as a show of the COTI team’s gratitude for their early support.” At the time of writing, Coti’s treasury was valued at approximately $98.7 million.The rewards for each investment will be calculated based on their level of involvement in the ecosystem.The company sees the Coti v2 launch as the key to unlocking brand-new use cases for the Web3 economy via confidentiality.The company also wants to extend rewards further by offering lengthier lock periods of 180, 270 and 360 days starting March 25. The airdrop season began in January 2024, when protocols distributed $700 million in tokens in just one week.As previously reported by Cointelegraph, popular protocols that provided rewards to their users included the Ethereum scaling solution AltLayer, multilayer rollup deployer Dymension, and the Solana-based decentralized exchange Jupiter.Crypto users looking for crypto token airdrops on X should conduct thorough research on the projects they intend to invest in.Investors should also keep an eye out for accounts imitating well-known cryptocurrency ventures, which sometimes promise unrealistic returns on investment.
ETHFI, the governance token of Ether.Fi, the largest liquid restaking protocol, debuted at $4.13 following an airdrop and distribution to Binance Launchpad participants.Since then, the token has lost more than 20% of its value.At the time of writing, ETHFI was trading at $3.60 on Binance with a trading volume of more than $118 million in the first 45 minutes.The token has a fully diluted value (FDV) of $3.6 billion, which is the market worth of a token if its entire supply is put into circulation.Over $2 billion in FDUSD stablecoin and 17.3 million BNB ($10 billion) were staked on the Binance Launchpad.Launchpad stakeholders receive an allocation of ETHFI proportional to the amount they staked. Several of the freshly launched tokens on Binance’s launchpad plummeted in price after their release: ARKM fell from 90 cents to 30 cents, and PORTAL plunged from $3.60 to $2.08 three days later. The maximum supply of ETHFI is one billion tokens, with 20 million given to the Binance Launchpad and 60 million reserved for “season one” of the token airdrop, which ended on March 15.An additional 50 million tokens will be issued following “season two.” Investors will receive 32.5% of the token’s total supply during a two-year vesting period, with core contributors receiving 23.26% over three years. There will be an initial circulating supply of 115.2 million tokens. Ether.Fi’s total value locked (TVL) has risen 117% in the previous 30 days, with total deposits surpassing $3 billion, according to DefiLlama.Restaking is a tactic employed by those who stake ether (ETH) and seek to increase their yield.By employing a protocol such as Ether.Fi, stakers obtain a liquid restaking token (LRT) that can be used on other protocols, as well as loyalty points that can be turned into a token airdrop.
Richard Teng, the new CEO of Binance, believes that by year’s end, bitcoin (BTC) would soar above $80,000, as Bloomberg reports. Teng stated that he anticipates the largest cryptocurrency in the world to surpass his earlier prediction of $80,000 “because supply is decreasing and demand is only increasing.” Due in large part to the introduction
The year-end prediction for the price of bitcoin (BTC) was increased by Standard Chartered (STAN) from $100,000 to $150,000. In an e-mailed investment statement on Monday, the bank also anticipated that Bitcoin will peak around $250,000 for the cycle next year and then settle around $200,000. The price of gold following the introduction of gold
Indonesia’s cryptocurrency regulator said that the country saw a spike in cryptocurrency transactions in February, with a total of Rupiah 30 trillion ($1.92 billion). According to the Commodity Futures Trading Supervisory Agency (Bappebti), there were 19 million registered cryptocurrency investors in the nation last month, up 170,000 from January. The increase in altcoins, or tokens
Bitcoin had an incredible week, hitting a new all-time high of $73,777 before swiftly losing all of its gains and plunging close to $64,500. As of the time of publication, Bitcoin is expected to complete the week somewhat lower than the close of the prior week, down roughly 1%. Analysts predict a brief correction because
In the Massachusetts Senate election, pro-XRP attorney John Deaton has declared himself prepared to challenge Senator Elizabeth Warren, a vocal opponent of cryptocurrencies, and he is pleading with his sizable social media fan base to contribute to his campaign. Deaton disclosed to his 324,100 followers on X that he contributed $500,000 of his personal funds
Bitstamp data reported a new BTC price low of $64,522, After reaching new all-time highs this week, Bitcoin encountered significant sell-side pressure, with a series of lower lows followed by failed rebounds. On the day, unloading continued to accelerate well before of the highly anticipated weekly candle closure. Popular trader Skew analyzed the scenario and
Blockchain data shows that the aforementioned address has moved $1 million worth of Ether to another account and sold multiple NFTs connected to Milady, including NFTx staked ones. According to reports, the founder of Remilia and Milady, Krishna Okhandiar, better known as Charlotte Fang, is alleging that he was the victim of a hack after
Following a recent interview with The Wall Street Journal, Mira Murati evaded questions regarding the source of data for OpenAI’s Sora model. According to Mira Murati, chief technical officer of OpenAI, the company’s next video-generating artificial intelligence model, Sora, has an uncertain data source. In a Wall Street Journal interview that was published on March
Following other large corporations in the past year, Starbucks has decided to discontinue its NFT rewards programme. Starbucks, the global coffee giant, has declared that it will be discontinuing its digital collection stamp programme, which allowed users to purchase non-fungible tokens (NFTs) and earn them. This move was made to make way for new projects.
