A KuCoin representative announced via email that the investment division of cryptocurrency exchange KuCoin will give the TONNE network a $20,000 grant to support ongoing ecosystem initiatives. “The first phase of our partnership involves a $20,000 grant, which will be allocated to five TON-based mini-apps,” a spokesperson said. “Meanwhile, we are in discussion with TONNE

During European morning hours on Friday, Bitcoin surged to $38,800 for the first time since May 2022, extending its robust multi-month upward trend supported by expectations of institutional demand. The asset increased by almost 3% in the last day, tracking a rise in stock markets around the world. Premarket trading saw a 0.17% increase in

The third sale of Coinbase (COIN) stock by Cathie Wood’s investment management company, ARK Invest, has occurred this week. At Thursday’s closing price, 37,377 shares, or nearly $4.7 million, were sold. This week, ARK has sold about $15 million worth of COIN shares from its Next Generation Internet ETF (ARKW), in addition to sales on

Due to a possible user error that resulted in the largest-ever price paid for a transfer on the Bitcoin network, Bitcoin miner AntPool will reimburse a $3 million transactional fee that it handled last week. “On November 23rd, some users submitted 83 BTC as a gas fee,” AntPool said in a Thursday announcement. “The risk control system of ANTPOOL temporarily froze the fee when packaging the transaction.” In order to execute transactions on blockchains like Bitcoin, miners use enormous computational resources. Each time they successfully mine a “block,” they are rewarded with a set amount of money.Although it is not required, miners may decide to reimburse consumers for fees if the sums are exceptionally high. If the sender signs an on-chain message through another bitcoin transaction with the identical message, AntPool claimed it will confirm the sender’s identity. This will demonstrate ownership. According to on-chain data, AntPool collected 85.2163 BTC in fees for all transactions included in that mistaken transaction last Thursday in addition to the regular 6.25 BTC.Only a few minutes before to the transfer, the sender had set up their wallet, and of the 139.42 BTC that was initially transferred, only 55.78 BTC were received by the receiver.

The biggest corporate bitcoin (BTC) holder, Microstrategy (MSTR), increased its holdings in November by purchasing over 16,130 BTC, or about $608 million at current prices.According to a regulatory filing on Thursday, the software company founded by Michael Saylor purchased the bitcoin for approximately $593.3 million in cash at an average price of roughly $36,785 per.It currently has 174,530 BTC in it, purchased for roughly $30,252 apiece on average. The company’s efforts to acquire bitcoins have accelerated since the November transaction.MicroStrategy possessed 158,400 Bitcoin as of the end of October, having gained 6,607 Bitcoin from the start of the third quarter.It has now climbed its stakes by more than 10% in just one month.Additionally, MicroStrategy signed contracts with BTIG, Cowen & Company, and Canaccord Genuity to issue class A common stock valued up to $750 million.

An initial coin offering (ICO) portal should be considered by the city’s authorities, according to a suggestion made by the industry trade group Hong Kong Securities & Futures Professionals Association. ICOs are a kind of fundraising that gained popularity soon after Ethereum launched in 2015 and are comparable to initial public offerings (IPOs). Many of

The investment management company run by Cathie Wood, ARK Invest, recently sold an additional $5 million worth of Coinbase (COIN) stock in addition to purchasing $1.5 million in online bank SoFi Technologies (SOFI) and $2 million worth of shares in trading platform Robinhood (HOOD). Following the offload of 43,956 shares on Monday, the Ark Fintech

Dubai’s public register reveals that Fasset, a digital asset investment platform, has been granted permission to function in Dubai as a Virtual Asset Service Provider (VASP), enabling it to cater to institutional, qualified, and retail investors. A provisional permit, a preparatory licence, and an operating licence are the three steps involved in obtaining a full

The United Kingdom government issued guidelines on how to pay any unpaid income taxes or capital gains on Wednesday and urged cryptocurrency users to voluntarily disclose any such amounts in order to avoid penalties. Exchange tokens such as bitcoin (BTC), non-fungible tokens (NFTs), and utility tokens should all be included in the tax disclosures as

According to a source familiar with the agreement, Spanish financial behemoth Santander has chosen cryptocurrency safekeeping technology company Taurus to develop a self-custody model for digital assets. The news last week featured Santander Private Bank announcing that live trading in bitcoin (BTC) and ether (ETH) was accessible to customers with Swiss accounts. In February, Deutsche

Germany’s financial watchdog, BaFin, has mandated that ADE, a Bitcoin Group subsidiary, rectify certain inadequacies in its internal anti-money laundering protocols. In an October notice sent to the group’s Futurum Bank subsidiary and made public on Tuesday, the regulator stated that it had discovered “serious deficits” in the system for reporting suspicious activity, due diligence

According to former Governor of the Bank of Spain Miguel Fernández Ordóñez, a digital euro is a safe asset that may help eliminate bank crises or deregulate banks entirely.During a public hearing organized by the European Parliament’s Committee on Economic and Monetary Affairs to deliberate on a possible central bank digital currency (CBDC), Ordóñez stated that the use of risky assets such as bank deposits—which aren’t actual money but rather promises of repayment—was the cause of the last two major global economic crises. “Digital euros are euros, but bank deposits are not euros. Deposits are just promises to pay euros, and if banks can’t fulfill those promises, then you get crises emerging,” he said, adding that a CBDC would have the benefit of stability, justifying the use of the digital euro instead of bank deposits. The possibility that CBDCs could jeopardize the stability of the banking industry by incentivizing clients to take their deposits and convert them into CBDCs is one of the main worries surrounding them.Large enough withdrawals have the potential to cause a liquidity crunch and other issues for the whole economy.The European Union’s plans for a digital euro suggest individual holding limitations as a way to reduce such a risk.Legislators and the general public have also criticized the ideas due to privacy and other issues. Ordóñez continued, stating that a digital euro might help deregulate banking activities totally. Ordóñez was one of four experts testifying at the Tuesday session.

Two years after the coronavirus pandemic, when people allegedly beat lockdown boredom by gambling millions in frivolous digital assets, the adoption of joke cryptocurrency dogecoin (DOGE) is still growing. According to data monitored by on-chain analytics company IntoTheBlock, the quantity of cryptocurrency addresses holding DOGE has exceeded 5 million for the first time. In the

A recent announcement stated that Australian cryptocurrency exchange Swyftx and blockchain analytics company TRM Labs have teamed up to fight scams in the country. Australian cryptocurrency users who enable two-factor authentication on their accounts will receive payment in the amount of AUD 10 (USD 6.6) in Bitcoin as part of the program’s trial run, which

Negotiations have begun between Kronos Research, a Taipei-based cryptocurrency trading and investment firm, and the hacker who stole $25 million from the company’s treasury earlier this month. Send back 90% of the funds that were taken, and we’ll close this case, Kronos wrote to the hacker, according to Etherscan show. The Taiwanese trading and venture

According to Reuters on Monday, the Tron blockchain has surpassed Bitcoin as the cryptocurrency network most liked by organizations like Hamas and Hezbollah, who are classified as terrorist organizations by the United States, the United Kingdom, and other jurisdictions.According to Reuters’ investigation, there has been a noticeable increase in cryptocurrency seizures from Tron wallets and a decrease in those from Bitcoin wallets since 2021. Two-thirds of all seizures from Tron wallets since July 2021 have occurred in Israel, where 87 of them have occurred so far this year.These were 39 wallets from Hezbollah, based in Lebanon, and 26 wallets from Palestinian Islamic Jihad, an affiliate of Hamas, which the nation claimed to be its owner in June and July, respectively. “Earlier it was Bitcoin and now our data shows that these terrorist organizations tend to increasingly favor Tron,” Mriganka Pattnaik, CEO of blockchain analysis firm Merkle Science, said. A spokesman for Tron, Hayward Wong, responded to the report by telling Reuters that all technologies might “in theory be used for questionable activities,” stressing that Tron had no control over who used its network.

The announcement that HSBC, one of the biggest banks in the world, is collaborating with Metaco, the Swiss digital asset custody company that Ripple acquired earlier this year, soon made a lot of the “XRP army,” the supporters of the U.S. fintech ledger protocol, happy. Seen by ardent supporters as another indication that financial institutions