Vaibhavv Ali
On May 13, President Joe Biden issued a directive preventing MineOne, predominantly owned by Chinese nationals, from acquiring real estate near the Francis E. Warren Air Force Base for crypto mining purposes, citing national security concerns. The site’s proximity to the strategic missile base raised alarms, particularly regarding the potential espionage risks posed by foreign-owned … Read more
Following bitcoin’s decline below $61,000 on Friday, spot bitcoin and ether exchange-traded funds (ETFs) listed in Hong Kong experienced significant outflows on Monday. Data from Farside Investors revealed that spot bitcoin ETFs issued by ChinaAMC, Harvest Global, Bosera, and Hashkey collectively saw outflows of $32.7 million on Monday, a substantial increase compared to previous outflows, … Read more
Coinbase, a United States-based cryptocurrency exchange, experienced a widespread system outage, rendering its services inaccessible for desktop and mobile users. The exchange officially acknowledged the outage on its status page, stating that a “major outage” commenced at 4:15 am UTC on May 14. Visiting the website currently displays a “503 Service Temporarily Unavailable” error message, … Read more
CoinDCX, an Indian cryptocurrency exchange, has expanded its Okto wallet into a comprehensive Okto ecosystem, which includes launching a blockchain, a token, and a points program starting Tuesday. According to co-founders Neeraj Khandelwal and Sumit Gupta, the goal is to offer global users a seamless mobile experience while navigating the Web3 space. The Okto points … Read more
Ethereum’s price is showing signs of a rebound from the $2,865 support level, aiming to recover further if it surpasses the $2,960 resistance area. After dropping to $2,864, Ethereum has begun an upward correction similar to Bitcoin. It managed to climb above $2,900 and $2,920 hurdles, also breaking a significant bearish trend line at $2,930 … Read more
USDt-TON has reached a significant milestone, with its circulation hitting $200 million within a month of issuance. This rapid growth marks the fastest token circulation in Tether’s USDt history, reflecting increasing demand for USDT within the TON ecosystem. TON celebrated this achievement on Twitter, stating, “$USDt – $TON reaches $200M in circulation in less than … Read more
The Grayscale Bitcoin Trust (GBTC), a spot Bitcoin exchange-traded fund (ETF), saw a brief increase in investment inflows in early May after a prolonged period of financial losses since its inception. Despite this temporary uptick, the fund quickly reverted to outflows within days, underscoring its ongoing difficulties in the volatile cryptocurrency market. Launched on January … Read more
Crypto exchange OKX is transitioning its Australian-focused services to a locally regulated entity as part of its expansion in the Asia-Pacific region. Jamie Kennedy, general manager of OKX Australia, stated that Australian crypto users deserve a secure, easy-to-use platform that meets their needs, including seamless access to banking rails and AUD pairs for popular cryptocurrencies. … Read more
The Commodity Futures Trading Commission (CFTC) has taken action against Falcon Labs, a Seychelles-based crypto brokerage firm, for not registering as a futures commission merchant (FCM) in the US. This is notably the CFTC’s first enforcement action against an unregistered FCM for providing “unauthorized access” to crypto exchanges. Crackdown on Crypto by CFTC Affects Falcon … Read more
The number of new Runes etched on Bitcoin daily has dropped below 250 for the past six days, with Monday seeing just 157 Runes etched—a significant 99% decrease from its peak in late April. This decline follows a highly successful period shortly after launch, when an average of 14,700 Runes were etched daily from April … Read more