Day: April 30, 2024

Coinbase Integrates Bitcoin Lightning Network

Top cryptocurrency exchange Coinbase has announced the integration of the Bitcoin Lightning Network, enhancing transaction capabilities on its platform. Starting Tuesday, users on both mobile and desktop platforms will have the option to send Bitcoin via the traditional Bitcoin network or the faster, more efficient Lightning Network. Introduced in 2018, the Lightning Network is a […]

Tight Race in US Bitcoin ETF Market

The competition for dominance in the U.S. Bitcoin exchange-traded fund (ETF) market is intensifying, with the leading funds jostling for the top position. Grayscale Bitcoin Trust (GBTC) currently holds the crown with $18.7 billion in assets under management (AUM), equivalent to about 297,000 Bitcoin. Despite this, GBTC is facing significant pressure from BlackRock’s iShares Bitcoin […]

Hong Kong’s Debut of Bitcoin and Ethereum ETFs

In a landmark event for Asia’s financial markets, Hong Kong witnessed the trading debut of six new spot Bitcoin and Ethereum ETFs on Tuesday, with over $80 million Hong Kong Dollars (approximately $10 million USD) in shares traded, as per data from the Hong Kong Exchange. This pioneering move establishes Hong Kong, a special administrative […]

Binance’s EU Legal Challenges

Binance, the cryptocurrency exchange behemoth, is currently navigating significant legal challenges in Europe that could impact its operations across the entire European Union. The implementation of Europe’s crypto rulebook, the Markets in Crypto-Assets regulation (MiCA), places Binance under intense scrutiny, especially given the legal entanglements of its founder and the operational footprint in France. MiCA, […]

Samourai Wallet Founder Pleads Not Guilty

In a significant legal development, a co-founder of Samourai Wallet, Keonne Rodriguez, pleaded not guilty to federal charges on Monday. The charges stem from his involvement in creating a tool designed to enhance the privacy of crypto transactions, making them challenging to trace. This case highlights the ongoing U.S. authorities’ crackdown on privacy-focused cryptocurrency technologies. […]

Rumble Kong League Partners with Gatorade

Rumble Kong League, an innovative NFT-driven basketball game on the Avalanche blockchain, has entered into a strategic partnership with Gatorade, the renowned sports drink brand. This collaboration, announced on Monday, positions Gatorade as the official sports drink partner of the game, signalling a significant blending of digital and physical branding strategies. PepsiCo, the parent company […]

MicroStrategy Buys More Bitcoin

MicroStrategy, known for its substantial Bitcoin holdings, has capitalized on recent market dips to expand its cryptocurrency portfolio. This action was highlighted in their Q1 2024 financial announcement this Monday, underscoring the firm’s ongoing commitment to Bitcoin amidst a turbulent period for cryptocurrencies. The firm, which brands itself as both a software entity and a […]

Eigen Foundation Announces Token Airdrop

The Eigen Foundation, an advocate for the Ethereum restaking protocol EigenLayer, recently disclosed plans for its imminent token airdrop. The announcement, made this past Monday, has stirred interest across the cryptocurrency community, highlighting a pivotal moment for participants and stakeholders. Staking, in the cryptocurrency domain, involves the commitment of crypto assets to enhance a blockchain’s […]