Ether, the second-largest cryptocurrency by market capitalization, has surged to over $1,900 for the first time in over seven months. This price increase comes ahead of the Ethereum Shanghai hard fork, scheduled for April 12, which will implement Ethereum Improvement Proposal (EIP)-4895, allowing validators and stakers to withdraw staked ETH from the Beacon Chain. The

The worldwide user community of Paxful, which was a prominent peer-to-peer bitcoin marketplace, has been left looking for alternatives after the platform’s collapse. However, it has a big effect on the crypto community in Nigeria, where the platform has a huge influence on the acceptance and use of cryptocurrencies. This has led to a considerable

The crypto market is a “gold mine” for making money, whether you go for trading or mining coins. While a part of the investors go for trying out different strategies and trading currencies, another part rely on mining to make a profit. But what if doing both was a possibility? With advanced cloud mining technology,

PostFinance, a retail bank owned by the Swiss government, has announced plans to offer its customers cryptocurrency trading and storage services. The bank has partnered with local cryptocurrency bank Sygnum to provide regulated digital asset banking services. Customers will be able to buy, store, and sell major cryptocurrencies such as Bitcoin and Ether. The partnership

Retail trading platform Robinhood is set to pay up to $10.2 million in penalties for operational and technical failures that harmed investors, according to a Thursday announcement from a California regulator.  The California Department of Financial Protection and Innovation (DFPI) has joined the multi-state settlement, which followed a North American Securities Administrators Association (NASAA) investigation

A contender to be the prime minister of Thailand is promising every citizen 10,000 Thai Baht (approximately $300) in digital currency if his party forms a government following a general election scheduled for May. The Bangkok Post reports that real estate mogul turned candidate Srettha Thavisin promises a basic-income style economic stimulus package via “digital

Singapore’s central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts, according to a report released by Bloomberg  citing people with knowledge of the matter. The project has been ongoing for about six months. A separate industry report expected to outline best practices

Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia’s central bank digital currency (CBDC) pilot, the Melbourne headquartered bank. Australia’s CBDC pilot, run by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), began last year to explore

The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia’s derivatives license, according to recent  a press release Binance Australia, an arm of the world’s largest crypto exchange by trade volume, has been ordered by the regulator to close all client’s open derivatives positions by April 21. ASIC has been conducting a targeted review

Online giants could dominate the metaverse, blocking out local companies, the European Commission warned during a consultation on its new policy for virtual worlds. The European Union’s executive arm is set to issue proposals in the coming months, but it likely won’t include a draft bill, said the call for evidence, which is open until

The Arbitrum Foundation announced recently on a proposal to expand ARB token holders’ budget oversight and governance powers with two motions aimed at turning the page on last weekend’s crypto governance meltdown. In a Discord post, the Arbitrum Foundation said it “will not move” the 700 million ARB tokens that remain in its “Administrative Budget

Non-fungible token (NFT) marketplace Magic Eden announced recently that it’s rolling out a creator launchpad for Ordinals, helping creators successfully inscribe their Bitcoin-based NFT collections. While the company already has the infrastructure for creators to list and sell Ordinals, the launchpad will help onboard creators to the ecosystem to easily facilitate the creation of tokens

Crypto derivatives platform Deribit’s parent company Sentillia has led a 4 million euro (US$4.4 million) seed funding round into Netherlands-based cryptocurrency exchange Finst. The oversubscribed funding round will be used to expand Finst’s range of products drive its international expansion plans. Among Finst’s planned products is one aimed at “radically simplifying” access to the crypto

Michael Saylor’s MicroStrategy (MSTR) purchased an additional 1,045 bitcoin (BTC) for a total of $23.9 million, or an average price of $28,016, between March 23 and April 5, according to a Securities and Exchange Commission filing. This latest purchase brings the company’s bitcoin holdings up to approximately 140,000, worth roughly $4 billion at the current

Paxful, the peer-to-peer Bitcoin marketplace, announced in an April 5 blog post that they will be suspending operations.“Today, Paxful will be suspending its marketplace,” wrote Ray Youssef, Paxful’s founder and CEO. “We are not sure if it will come back.” Youssef said that the full story could not yet be shared, but said “regulatory challenges

Tokenized gold assets surpassed $1 billion in combined market capitalization ,  as gold’s price neared its all-time high. Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer. It offers investors a way to get exposure to

Trust Wallet, a non-custodial crypto wallet with over 60 million users, is working with crypto payments services MoonPay and Ramp Network to allow users to convert their crypto into fiat currencies within its app, enabling a smoother off-ramp experience. The aim is to allow users to move in and out of crypto solely through their

PostFinance, Switzerland’s fifth-largest financial services firm, says it will begin offering its users access to cryptocurrency, thanks to a partnership with regulated digital asset services provider Sygnum Bank. PostFinance, which is owned by the Swiss government, will start by providing its 2.5 million customers access to buy, store and sell leading cryptocurrencies such as bitcoin

Ether (ETH), the native token of Ethereum’s blockchain, rose to an eight month high on  Tuesday outshining market leader bitcoin (BTC), as U.S. stock futures traded higher while the dollar index dipped. Ether rose nearly 3% to $1,873, the highest since August, Bitcoin rose 1.7% to $28,300. The ether-bitcoin ratio rose over 1% to 0.066,

Franklin, a project developed internally at Web3 marketing firm Serotonin, has raised a $2.9 million seed round. The project’s backers include crypto notable Arca, and the round was co-led by Gumi Cryptos Capital and CMT Digital. Franklin provides a tool for firms to make payments to employees and contractors in crypto, across the world, including

Solar (SXP) and icon (ICX) tokens seem to be the new bets for South Korean traders. Both tokens have rallied by as much as 40% in the past 24 hours with hundreds of millions of dollars in trading volumes on local crypto exchanges. The ICX-Korean won token pair saw over $420 million in trading volume

Decentralized multichain digital wallet solution BitKeep Wallet has announced that it has surpassed 10 million users as of April. The platform has seen tremendous growth in recent months, with over 560,000 new users onboarded in March alone. This growth can be attributed to the success of BitKeep’s campaigns with popular blockchains like Arbitrum and Sui.

Polyhedra Network, a startup that provides Web3 infrastructure backed by zero-knowledge (ZK) proofs, has raised $15 million in a pre-Series A funding round led by Polychain Capital, according to press materials shared exclusively with CoinDesk. The fundraise comes a little over a month after the startup closed a $10 million strategic funding round from Binance

Coinbase is teaming up with U.S. based infrastructure provider Transaction Network Services (TNS) to enable faster, more efficient transactions on its derivatives exchange, the companies announced Tuesday. Coinbase unveiled the Derivatives Exchange (CDE), which is regulated by the Commodity Futures Trading Commission (CFTC), in June 2022 to attract more retail traders as futures contracts require

Blockchain technology has scaled rapidly in the last several years and is projected to expand to an even larger market across industries and countries. It is shaking up the global financial system, but environmental concerns risk stifling innovation. Potential regulatory action by governments concerned with the energy impact of blockchain activity is another reason to

The recent decline in Deutsche Bank’s share price has reignited concerns about the state of the global banking system and the possibility of a new financial crisis. As we have seen in the past, major commercial banks are deemed too big to fail, and governments will often bail them out to prevent widespread economic collapse.

Japan’s Financial Services Agency (FSA) said foreign crypto exchanges Bybit, BitForex, MEXC Global and Bitget are operating in the country without proper registration in a warning letter published on Friday. The notice said the exchanges were in violation of the country’s fund settlement laws at the time of issuing the warning letter by “conducting crypto

Cryptocurrency markets have displayed resilience in the face of recent upheaval in the U.S. banking system, with bitcoin (BTC) in particular outperforming, Coinbase (COIN) said in it’s weekly research report. Coinbase notes that bitcoin has outperformed its digital asset peers since the middle of February, with the cryptocurrency’s dominance as a percentage of total crypto

Crypto exchange OKX is joining Copper’s ClearLoop platform, allowing institutional clients of both companies to keep assets within the custody firm’s infrastructure while delegating them to trade on the exchange’s platform, according to a recent statement The collaboration is useful for digital asset traders looking for alternative ways to hold assets while providing immediate access

Web3 platform Lisk has unveiled an accelerator program that will offer grants of up to 250,000 Swiss francs ($270,000) to developers who are looking to build applications on Like’s platform. Lisk is seeking to attract startups interesting in developing Web3 projects over a multiyear time frame, with a particular focus on those working on app-specific