Quick Look
Japanese Crypto Platform SBI VC Trade Begins Validator Node Operations on XRP Ledger
SBI VC Trade Co., Ltd., a Japanese crypto-asset trading platform, has announced the commencement of its operation as a validator...
Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations Surface
Eclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of...
Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction
A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently...
Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030
Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may...
Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever
Pantera Capital has made a significant investment in Telegram’s The Open Network (TON) blockchain, highlighting the...
Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine...
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto
Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency,...
Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme
Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using...
CoinPoker Kicks Off Top Crypto Poker MTT Series Of 2024 – $25M In GTD Prize Pools May 5-26
Blockchain-based online poker platform CoinPoker launched the biggest crypto poker tournament of the year on May 5th – the...
Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle
Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success,...
Binance Fined Over $4 Million in Canada for Money Laundering Violations
Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange...
Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements
Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized...
Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards
Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard...
Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds
A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is...
Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play
Jan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors,...
Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets
Lisbon, Portugal, May 9th, 2024, Chainwire Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s...
EU Regulator Considers Crypto Inclusion in €12 Trillion UCITS Funds
The European Securities and Markets Authority (ESMA) has initiated a call for evidence to explore the potential inclusion of new...
Details confirmed for upcoming Fintech Summit in Singapore
The People Events has revealed the details of its much-anticipated Annual FinTech Summit 2025, which will take place from February...
TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden
Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden,...
AIGOLD Goes Live, Introducing the First Gold Backed Crypto Project
George Town, Cayman Islands, May 8th, 2024, Chainwire AIGOLD is pleased to announce the launch of its innovative cryptocurrency...
Trump Attacks Biden’s Crypto Awareness, Says ‘Biden Doesn’t Even Know What It Is’ at NFT Gala
Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced...
Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income...
Bank of Thailand Tests Potential of a Retail CBDC, the Digital Baht
The Bank of Thailand (BOT) has released a report on its Retail Central Bank Digital Currency (CBDC) pilot project, conducted using...
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its...
Revolut Launches Stand-Alone Crypto Trading Platform in the UK
Revolut, the London-based fintech firm, has announced the launch of a new product, Revolut X. This stand-alone crypto exchange is...
Tokyo-Based Crypto Exchange Coincheck to List on Nasdaq Through Merger
Coincheck, a Japanese cryptocurrency exchange, has made a public filing to list Coincheck Group B.V. on Nasdaq through a De-SPAC...
Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing
Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three...
Ghana Postal Company Launches ‘Crypto Stamp’ to Mark Ascension of Traditional Ghanaian Ruler
The Ghana Post Company recently launched what it termed the first-ever crypto stamp to commemorate the 25th anniversary of the...
Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’
A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital...
Crypto Wallet Firm Exodus Faces Unexpected Setback in NYSE Uplisting Plan
Exodus Movement, a crypto wallet company, announced that its planned listing on NYSE American will not proceed as scheduled due to...
Crypto Derivatives Exchange Bitmex Ventures Into Options Trading
On Wednesday, the cryptocurrency exchange and derivatives trading platform Bitmex declared its introduction of new trading options....
Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto
Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape,...
Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities
Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop...
ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has...
Vaneck Introduces Meme Coin Tracking With ‘MEMECOIN’ Index
The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin...
Binance CEO Says Nigeria’s Detention of Employee on ‘Spurious’ Charges Sets ‘Dangerous Precedent’
Binance CEO Richard Teng has warned that Nigeria’s decision to invite and subsequently detain mid-level employees on what he calls...
Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features
A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account...
Grayscale Withdraws Ethereum ETF Proposal Amid Skepticism Over SEC Approval
Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities...
GoMining Secures Bitscale Capital Backing to Accelerate Its NFT-Based Bitcoin Mining Operation
PRESS RELEASE. British Virgin Islands / Wednesday / GoMining, the infrastructure company easing access to Bitcoin mining with its...
Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains
Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million...
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt...
Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations
As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to...
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily...
Monero’s largest P2P trading platform shuts down
LocalMonero is a peer-to-peer (P2P) trading platform for privacy-focused coin Monero (XMR). The platform is winding down, with the...
Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile...
Slash Vision Labs Unveils SVL Alpha-Base: A New Gateway to Exclusive Alpha Opportunities
Tokyo, Japan, May 8th, 2024, Chainwire Slash Vision Labs is thrilled to introduce SVL Alpha-Base (’Alpha-Base’), an innovative...
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as...
Colombia’s largest bank launches crypto exchange and peso-pegged stablecoin
Bancolombia launches Wenia crypto exchange and COPW stablecoin in Colombia. The new crypto exchange aims to onboard 60,000 users in...
Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms
The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer...
Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the...
Australian tax office targets 1.2M crypto investors for tax compliance
Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in...
India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC)...
Revolut X launches as Bitbot’s presale surpasses $3.2 million
Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now...
SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field...
Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community
New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support...
Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals
Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business...
Binance adds direct deposits and withdrawals for dYdX
Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will...
Independent Presidential Candidate Robert F. Kennedy Jr. Joins Consensus as a Headline Speaker
PRESS RELEASE. May 7, 2024, Austin, TX – In less than four weeks, independent presidential candidate Robert F. Kennedy Jr....
Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry
LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store...
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his...
AI-Powered Meme Coin WienerAI Passes $1M in ICO, Analysts Expecting 10x Returns
Crypto investors can’t seem to get enough of AI and meme coins lately – and WienerAI (WAI) is delivering a double...
Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows
According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after...
New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan
Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced...
Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF)...
Revolut’s new crypto exchange goes live
Revolut has launched Revolut X, a new crypto exchange platform for pro traders. The exchange will initially only be availabe to UK...
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its...
Bitget Launches Elite Trader Campaign With Five Prestige Crypto Influencers
Victoria, Seychelles, May 7th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, proudly...
Leading Colombian Conglomerate Bancolombia Launches Crypto Exchange, Introduces Peso Stablecoin
Bancolombia Group, one of the leading banks in Latin America and the biggest bank in Colombia, is entering the crypto business with...
Philippines Regulator to Unveil Cryptocurrency Regulatory Framework in Second Half of 2024
Emilio B. Aquino, chairperson of the Securities and Exchange Commission in the Philippines, announced plans to introduce a...
Bitget’s Blockchain4Youth Celebrates 1st Anniversary, Educated Over 6,000 Participants Worldwide
Bitget, a leading crypto exchange and web3 company, announces the first anniversary of its Blockchain4Youth program and launches...
Investment Firm Franklin Templeton Believes Solana Will Become the Third Largest Crypto Asset
Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the...
Bitcoin Cash Prepares Adaptive Blocksize Limit Upgrade, Commits to Network Scaling
Bitcoin Cash, the usability-focused Bitcoin hard fork, is preparing to perform a blockchain-wide upgrade slated to happen on May...
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality...
Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’
Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a...
Gala Rises 13% in a Week as Analyst Backs Its Price to Double While DICE Presale Hits $770k
Gala (GALA), the token powering the Gala Games ecosystem, has been making some serious moves in the past week. GALA has soared 13%...
Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash
Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as...
Top AI Crypto Assets Rebound Despite Recent Month-Long Decline
According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines...
SEC goes after Robinhood; KangaMoon steady as market reacts
SEC issued a Wells Notice againast Robinhood, alleging securities violations. Crypto prices reacted lower, with Bitcoin (BTC)...
Why Self-Custody Is Vital for Bitcoin Security- Casa CEO Nick Neuman
Casa helps people store bitcoin and other digital assets by empowering them to own, secure, and manage their private keys safely...
2014 Bitcoin Whale Awakens, Spends 1,005 BTC Valued at $64 Million After a Decade
Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet...
STYLE Protocol Building to Empower Gamers Closes $2.5M Seed and Lists Token on Major Exchanges
PRESS RELEASE. MAY 6, 2024 — Switzerland. STYLE Protocol, which transforms NFTs into 3D assets that can be used in any game or...
This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines
Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas...
SEC Issues Wells Notice to Robinhood Over Crypto Operations
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services...
Crypto VC funding tops $1B for second consecutive month
Crypto venture fundraising reached $1.02 billion in April, compared to $10.9 billion in March. RootData’s website shows total...
Bitcoin Technical Analysis: Bulls Challenge Upper Resistance
Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across...
Bitget Wallet integrates Babylon Testnet to simplify Bitcoin staking
Victoria, Seychelles, May 6th, 2024, Chainwire Bitget Wallet, one of the largest Web3 wallets and full-stack DeFi platforms, has...
Analysts: Gold Rush In China Is Propping Prices Up
The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up...
Nigerian Court Postpones Binance, Tigran Gambaryan Money Laundering Trial to May 17
A Nigerian court recently adjourned the trial of Binance and its executive, Tigran Gambaryan, to May 17. The adjournment came after...
Market Making Mastery: Coinrate.pro CEO Reveals the 12x Market Caps Strategy
PRESS RELEASE. Abu Dhabi, AE, May 6, 2024 – Amidst the 2024 resurgence of the bull market, with Bitcoin breaking the $72,000 mark,...
Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In...