The US appellate court said that the district court’s justification for dismissing the action against cryptocurrency exchange Binance was “erroneous.” A US appeals court reversed a decision that had dismissed a class-action lawsuit filed by investors against Binance, a cryptocurrency exchange. Claimantly, investors were misled into believing they were purchasing securities-registered cryptocurrency tokens. An appeal

Maker Vaults, the PSM, the Dai Savings Rate (DSR), SparkLend DAI Borrow Rate, and the Governance Security Module (GSM) Pause Delay are among the modifications. Due to increased market volatility and optimistic emotion, MakerDAO, the organisation in charge of creating the MKR token, has passed a new Executive Vote to impose temporary fee changes to

Concerns regarding the transformation of Grayscale’s Ethereum Trust into a spot ETF were discussed during a meeting between Coinbase and the SEC on March 6. In order to explore a regulation change for the introduction of spot Ether exchange-traded funds (ETFs), representatives from the US Securities and Exchange Commission (SEC) recently met with cryptocurrency businesses

The creator of Jito, a well-known substitute Solana client, abruptly removed its mempool feature on Friday. This feature was a crucial component of Jito’s engineering stack, but it had allowed for a number of expensive front-running attacks against cryptocurrency traders. Jito announced on Friday that its mempool would shut down in a few hours via

According to the most recent on-chain data, Bitcoin whales are not in a rush to sell into the current surge that has driven the cryptocurrency to unprecedented heights above $70,000. As of March 7, there were 2,104 distinct addresses that had 1,000 Bitcoin or more, referred to as “whale” addresses. This is still less than

Recently, the total value frozen by DeFi worldwide topped $100.1 billion. Nevertheless, these amounts are still less than the $189 billion record set in November 2021. The atmosphere surrounding the cryptocurrency business is being fueled by the demand for Bitcoin, which on March 9 raised the amount of capital locked on the chain to above

Chief Investment Officer of Bitwise Matt Hougan issues a warning, saying that not all tokens experiencing a spike in value in the cryptocurrency market “deserve to be.” Investors should view cryptocurrency projects with high valuations with caution, as the market is experiencing the “wealth effect,” according to Bitwise Chief Investment Officer Matt Hougan. He said

The FBI claims that 86% of all investment losses in the US in 2023 were due to investment fraud involving cryptocurrencies. According to a report by the Federal Bureau of Investigation (FBI) in the United States, the majority of investment losses in the country in 2023 were attributable to investment fraud related to cryptocurrencies. According

Seraphim Czecker, head of growth at Ethena Labs, stated in an X post on March 8 that Ethena had crossed $6.8 million in daily total income over the past week, making it the highest-earning decentralized application (DApp). Only two blockchains, Tron ($38.6 million) and Ethereum ($182.5 million daily cumulative income over the past seven days),

On March 8, Bitcoin reached fresh all-time highs as the argument for interest rate reductions was strengthened by the US unemployment rate. Following strong BTC price movement, Cointelegraph Markets Pro and TradingView data showed that bulls drove the market into price discovery, reaching $70,184 on Bitstamp. The biggest cryptocurrency increased in value after the most

An email sent to subscribers on Thursday stated that some of the account holders of Cryptopia, a cryptocurrency exchange based in New Zealand that is being liquidated due to a cyberattack in 2019, will begin receiving their cryptocurrency back. The email stated that qualifying customers will receive their dogecoin (DOGE) and bitcoin (BTC) back in

According to Bloomberg, the United States will challenge a Montenegro court’s decision to send Do Kwon, a co-founder of Terraform Labs, to South Korea. Kwon’s lawyer, Goran Rodic, sent out a text message on Thursday informing his client that he will not be challenging the decision made by a Montenegro court to extradite him to

The Optimism Foundation announced on Friday that it has started a private token sale of over 19.5 million OP tokens, which are currently valued at almost $90 million, to an unidentified bidder. The Optimism network, a blockchain that processes and settles Ethereum transactions, is one of the networks that the foundation helps to maintain and

Travel company Travala.com, which embraces cryptocurrencies, is launching a Bitcoin cashback scheme, pointing to BTC’s scarcity as an appealing reward system for its elite customers. Travala’s new reward program is described in a release made exclusively to Cointelegraph. Users who have unlocked the Smart Diamond tier of the loyalty reward program run by the blockchain

Exchange-traded products (ETPs) that expose investors to ether (ETH) and solana (SOL) values in addition to additional incentives from staking are planned by Figment Europe, an institutional staking services provider, and Apex Group, a global financial services organisation with headquarters in Bermuda. The two funds, called Figment Solana Plus Staking Rewards (SOLF) and Figment Ethereum

According to a recent court filing, bankrupt cryptocurrency lender BlockFi, which was caught up in the FTX contagion and filed for bankruptcy a few days after the exchange crashed, has reached a “in principle” agreement with the estates of FTX and Alameda Research for almost $1 billion. This agreement could result in full value recovery

Zama, an open-source cryptography company, has secured $73 million in Series A funding to create apps utilising fully homomorphic encryption (FHE), a technology that permits data processing without requiring decryption and may be helpful for safeguarding privacy in blockchain and artificial intelligence. By email on Thursday, Zama revealed that Protocol Labs and Multicoin Capital had

The owner of the bankrupt cryptocurrency lending company Genesis Global Capital, Digital Currency Group (DCG), has filed a motion to have the lawsuit brought against the firms by New York Attorney General Letitia James dismissed. On Wednesday, DCG founder and CEO Barry Silbert filed a motion to have the Attorney General’s allegations against him dropped.

The Canadian bitcoin miner Hut 8 is leaving its Drumheller, Alberta, location owing to power outages and rising energy expenses. Hut 8’s Drumheller mining operation, which mines 1.4% of the company’s Bitcoin at a cost of about 11% of its hash rate, is set to close with immediate effect, according to the March 6 release.

Tuesday saw a massive inflow of nearly $778 million into the BlackRock iShares Bitcoin ETF (IBIT), as investors in the fund appeared to have taken advantage of the decline in the largest cryptocurrency in the world. With 12,600 new bitcoin added, IBIT surpassed the 10,000 daily record. More than 107 million shares, or more than

The SEC’s (Securities and Exchange Commission) attempt to freeze Binance last year.According to an executive who testified in court, the company’s activities under a Temporary Restraining Order (TRO) in the US caused massive layoffs as sales collapsed and it battled with market trust. “We saw somewhere in the neighbourhood of $1 billion of assets flee

The Monetary Authority of Singapore (MAS) has granted cryptocurrency exchange Bitstamp, based in Europe, regulatory permission in principle. A Wednesday email statement stated that Bitstamp would soon be able to provide digital payment token services in the city state of Southeast Asia thanks to the Major Payment Institution (MPI) licence. According to its own description,

Revolut Ramp, a tool that enables users to top up their MetaMask wallets with their Revolut account, is the result of Revolut’s partnership with the self-custodial wallet MetaMask. In a bid to make adding cryptocurrency to self-custody wallets simpler, the digital bank will allow users to make purchases straight into MetaMask wallets in the United

Targeting institutional investors, the German securities market Deutsche Börse has formally introduced its own cryptocurrency trading platform. On March 5, Deutsche Börse announced the opening of Deutsche Börse Digital Exchange (DBDX), its exclusive cryptocurrency spot platform for institutional clients. The DBDX, which was introduced in partnership with custody provider Crypto Finance, provides a safe, regulated

The Virtual Assets Regulatory Authority (VARA) of the area has granted Nexo, a provider of digital asset services, preliminary authority to operate as a licensed organization in Dubai. The company made this announcement on Tuesday. Three steps are required to obtain a full license: a preliminary license, an operating license, and an initial provisional permit.

Major international cryptocurrency exchange Binance has announced that it is leaving the Nigerian market and will no longer be offering any services in the country’s fiat currency, the Nigerian naira (NGN). The platform will stop accepting NGN withdrawals after March 8, according to a formal announcement made by Binance on March 5. The notification stated

The Financial Conduct Authority (FCA) of the United Kingdom has authorised Baanx as a cryptocurrency payments specialist. The firm announced on Tuesday that it has raised a $20 million Series A fundraising round. Ledger, Tezos, Chiron, and British Business Bank were among the investors in the financing round, which increased the cryptocurrency payment enabler’s total

The Fantom Foundation, which oversees and contributes to the development of the Fantom blockchain, is attempting to recoup a portion of the funds it lost in July’s $200 million cross-chain router protocol Multichain hack. The foundation is currently attempting to liquidate the business, which is comparable to filing for Chapter 7 bankruptcy in the United