Day: February 29, 2024

Babylon Unveils Bitcoin Staking Testnet

In a groundbreaking move that marks a significant milestone in the evolution of Bitcoin and blockchain technology, Babylon has officially launched its highly anticipated Bitcoin staking protocol testnet to the public. Since its inception in 2022, Babylon has been at the forefront of cryptocurrency innovation, striving to integrate Bitcoin more seamlessly into the burgeoning ecosystem […]

Bitcoin’s Record February Surge

February has proven to be a monumental month for Bitcoin, marking a historic surge that saw the premier digital asset post a gain of almost $20,000 since the month’s inception. This unprecedented rise not only signifies the largest monthly gain in U.S. dollar terms for Bitcoin but also underscores the burgeoning confidence and enthusiasm within […]

VanEck Dives into Crypto: Unveiling SegMint, the NFT and Digital Asset Platform

Veteran asset management giant VanEck, with a colossal $80 billion in assets under its wing, recently sent shockwaves through the cryptocurrency world with the launch of SegMint. This innovative platform functions as both an NFT marketplace and a digital asset platform, strategically targeting crypto investors in Europe and Asia. VanEck’s bold move underscores the burgeoning […]

Balancing Act: Senator Warren’s Call for Crypto Regulation Mirroring TradFi

Senator Elizabeth Warren has recently reiterated her stance on crypto regulation, emphasizing the need for the industry to adhere to the same standards as traditional finance. In an interview earlier this week, the Senator from Massachusetts expressed her willingness to collaborate with the crypto industry while underscoring the importance of maintaining regulatory integrity. Warren’s position […]

Humanity Protocol To Challenge Worldcoin with Funding Boost From Animoca, Polygon

Fresh off a significant funding round, Humanity Protocol has emerged as a potential game-changer in the Web3 identity space. This innovative project proposes a novel approach to establishing one’s digital presence, utilizing palm recognition technology as the foundation for its “proof of humanity” solution. The project has attracted significant backing from industry heavyweights like Polygon’s […]

Yuga Labs Takes a Stand For Artists; NFTs Legal in South Korea?

Yuga Labs, the creative force behind the wildly popular NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), is making waves in the NFT world. In a bold move, they’ve decided to cut ties with marketplaces that don’t prioritize creator royalties.  In a recent announcement on X (formerly Twitter), they […]

FTX Fallout: SBF Awaits Sentence, Crypto Reevaluates

Sam Bankman-Fried, once lauded as the golden boy of cryptocurrency, faces the harsh consequences of his actions. The former CEO of the collapsed crypto exchange, FTX (commonly known as SBF), recently requested a lenient sentence of five and a quarter to six and a half years in prison. This follows his conviction in November 2023 […]

Crypto Taxes: IRS Recruits Experts, Bridges or Net?

The Internal Revenue Service (IRS) is making a strategic move to address the complexities of the cryptocurrency and digital asset landscape. The agency recently announced the recruitment of two private-sector experts, Sulolit “Raj” Mukherjee and Seth Wilks, to bolster its efforts in building robust tax compliance and enforcement programs in this rapidly evolving space. Bridging […]