Category: crypto

The Sui blockchain is introducing SMS-based transactions to improve accessibility, with advancements planned for finance, gaming, AI, and decentralized applications. The Mysticeti V2 upgrade will enhance consensus mechanisms, while Remora will enable horizontal scaling. Programmable Peer-to-Peer Tunnels, SEAL framework, SCION, and Walrus storage solution are also in development. Abiodun believes Sui will be a top…

Former BitMEX CEO Arthur Hayes predicts Bitcoin will correct to $70,000-$75,000 before reaching $250,000 by end of 2025. He warns of potential pullback due to historical volatility, triggering selloff in altcoins. Hayes cites concerns about global monetary policy, US Federal Reserve, and rising Treasury yields. Bitcoin could signal financial stress before stocks.

Coinbase has been approved to launch its platform in Argentina after registering as a Virtual Asset Service Provider (VASP) with the National Securities Commission. The firm sees Argentina as a promising market, with a high interest in blockchain technology and stablecoins due to the country’s economic challenges. Matías Alberti will lead Coinbase’s operations in Argentina,…

Japanese Bitcoin investment firm Metaplanet plans to raise 116 billion yen by issuing 21 million shares. The funds will be used to increase their Bitcoin holdings, aiming to acquire 10,000 BTC by 2025 and 21,000 BTC by 2026. The company will convert yen to Bitcoin to preserve asset value and enhance shareholder value.

Authorities in France are investigating Binance for alleged involvement in money laundering, tax fraud, and drug trafficking. The exchange has faced challenges in the country, with concerns about compliance failures and marketing practices before securing required licenses. Ongoing investigations in France could complicate Binance’s European expansion plans.

Cboe has filed an amended application with the SEC to adjust operational rules for ARKB and CETH ETFs, proposing in-kind creations and redemptions using underlying digital assets. This challenges the SEC’s cash-based redemption preference, potentially reducing taxes and improving market liquidity. Tuttle Capital also submitted applications for leveraged crypto ETFs targeting various cryptocurrencies, including XRP,…

Kraken co-founder Jesse Powell publicly supports Bitcoin Cash advocate Roger Ver, who is facing tax-related charges from the US DOJ. Powell questions the integrity of evidence presented by the IRS and suggests personal animosity may be driving the case. Ver seeks clemency from President Trump, but his chances appear slim.

KuCoin pleaded guilty to operating an unlicensed money-transmitting business, agreeing to pay penalties nearing $300 million and exit the U.S. market for two years. The exchange failed to register with FinCEN, maintain anti-money-laundering safeguards, and report suspicious activities. Prosecutors alleged KuCoin allowed billions of dollars in suspicious transactions.

Ripple CEO Brad Garlinghouse supports a US digital asset reserve with multiple cryptocurrencies, not just Bitcoin. He believes the reserve should represent the diversity of the industry and promote unity. Some criticize Ripple for allegedly lobbying against a Bitcoin reserve, while Garlinghouse emphasizes the need for collaboration in the crypto sector.

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