The Pheu Thai Party, a major political party in opposition to the current prime minister’s party, has proposed a significant stimulus project using blockchain technology in Thailand. At a campaign event, the party announced plans to provide all Thai residents over the age of 16 with a stipend of 10,000 Thai baht, or roughly $300,

Bitcoin mining firm Sphere 3D is suing its business partner Gryphon Digital Mining for losing $500,000 of its bitcoin in a spoofing attack and failing to act in the best interest of the firms’ partnership. The complaint, filed with the Southern District of New York on Friday, alleges Gryphon CEO Rob Chang wired 18 of

In the first quarter of 2023, hackers accessed over $320 million in the crypto industry through a variety of incidents, according to the quarterly report from blockchain security firm CertiK. While this amount is significantly lower than the $1.3 billion and $950 million lost in the first and fourth quarters of 2022 respectively, it is

Trust Wallet, the official cryptocurrency wallet of Binance, has announced a new partnership with Ramp and MoonPay. This partnership will introduce a new feature that enables Trust Wallet users to convert their cryptocurrency holdings to fiat currencies directly within the app. The feature is a major development for Trust Wallet users as it eliminates the

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