Author: CryptooTimes
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States government’s recent actions against crypto giants like KuCoin and Binance have put it on notice and cast an ominous shadow over the industry. With regulators ramping up crypto enforcement in the North American market, startups and founders are looking overseas to find friendlier climates that will support the growth of their projects. When evaluating investments, user engagement, product expansion, and government acceptance, Asia is a region advancing institutional adoption while establishing itself as a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This year, three cryptocurrencies have caught the eyes of both newcomers and experienced traders as we journey through 2024: Rollblock (RBLK), Binance Coin (BNB), and Avalanche (AVAX). While BNB and AVAX are well-established altcoins, RBLK is a Stage 2 presale star that many analysts hint could soar 50x in 2024. Let’s see why. Rollblock (RBLK) Rollblock (RBLK) is the first pick on our top altcoin list, thanks to its connections to the online gambling market. By 2028, the sector…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. This is Part Two of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news. Part One is about Sam Bankman-Fried’s and Changpeng Zhao’s prison sentences. Part Two is about cryptocurrency and banking. Part Three is about the future of NFTs. 1) In Part One of our interview, you indicated that you began your career at Andersen as a bank auditor. Coincub…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple, known for its XRP token, is back in the headlines, but this time, it’s about their upcoming stablecoin launch. Yep, you heard right. Ripple’s planning to drop its own stablecoin later this year, but it looks like they’ve caught the watchful eye of the SEC. Brad Garlinghouse, Ripple’s CEO, isn’t shy about calling out what he sees as the U.S. government’s overreach, especially concerning Tether, the giant in the stablecoin space. Garlinghouse hinted at potential U.S. actions against…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Last November, DEX aggregator KyberSwap was hacked to the tune of $47 million, tanking its protocol and losing the funds of its liquidity providers. In a strange turn of events, the mysterious hacker made an unprecedented request to release the stolen funds only if the entire executive team quit and made him CEO. Unsurprisingly, this demand was rejected, and the hacker began bridging the stolen funds to Ethereum using the Synapse protocol. KyberSwap barely survived the incident…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ask anyone or look at any Twitter poll, and “real-world assets” are considered catalysts for the next bull run. While I agree with this sentiment, we must keep one thing in mind. Assets, as we have known them, have very little utility beyond speculation, and for us to reach mass appeal we have to move beyond speculation to create actual utility. Improving utility drives user adoption; as people experience the benefits of tokens in their everyday lives,…
More crypto startups are raising seed rounds and pre-A funding. Below, we look at some of the main beneficiaries of last week’s venture capital (VC) activities. Humanity Protocol gets $30-million boost Humanity Protocol, a decentralized identity solution, has reached unicorn status with a $1 billion valuation. This milestone came after securing $30 million in a seed round led by Kingsway Capital. Other investors included Animoca Brands, Blockchain.com, Hashed, Shima Capital, and 20 more industry leaders. According to a Medium post by Humanity Protocol, the funds will be used to expand the team and develop products ahead of the public testnet…
Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors. According to Bloomberg, on May 17, Southern District of New York Judge Sean Lane confirmed Genesis’ Chapter 11 repayment plan, including a structure for returning crypto assets to creditors. This decision paves the way for Genesis to return customer assets locked on the platform since it paused withdrawals in November 2022. Bankrupt crypto lender Genesis won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal challenge…
John Bigatton, a former promoter at BitConnect, pleaded guilty to one criminal charge related to providing unlicensed financial services. Bigatton appeared before the Sydney District Court on May 16, where he admitted to providing unlicensed financial services on behalf of another person. This is in violation of section 911B(1) of Australia’s Corporations Act. BitConnect was a financial service business and online cryptocurrency platform that offered investment opportunities through its website, including a product known as the Lending Platform. Investors were required to acquire BitConnect coin (BCC), a cryptocurrency token, to participate in this platform. The Lending Platform allowed lenders to…
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, sparking worries within the cryptocurrency community about network security. This series of blocks confirmed 20,686 transactions, resulting in over 23 BTC, valued at approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904, lasting one hour and 38 minutes. Data sourced from mempool.space reveals that AntPool accrued 1.283 BTC in fees in addition to 21.875 BTC from the block subsidy. What adds intrigue to this development is the involvement of Foundry USA, the largest Bitcoin mining pool, which mined the block…
