Author: Crypto News

Last updated: May 15, 2024 15:08 EDT | 1 min read Congressman Wiley Nickel criticizes SEC’s approach to crypto regulation, calling for the withdrawal of SAB121. Congressman Wiley Nickel (D-CA) has criticized SEC Chair Gary Gensler over the agency’s “open hostility” towards crypto and SAB121. Nickel sent a letter to Gensler on Wednesday urging him to rescind the controversial staff accounting bulletin amidst the Senate vote to nullify it.SEC, SAB121 Face Criticism From Rep. Wiley NickelNickel wrote, “I strongly encourage you to withdraw SAB121 to protect investors, bolster American competitiveness, and respect Congress’s role in the administrative rulemaking process.”He emphasized…

Last updated: May 15, 2024 14:24 EDT | 2 min read Huobi HK pulls its HTX Hong Kong License application, raising questions about the company’s future in the region. Huobi Global (HGBL) Hong Kong Limited, a subsidiary of HTX, withdrew its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC) for the second time on May 14.HTX’s Huobi HK Withdraws Hong Kong License Bid AgainHuobi HK is no longer on the SFC’s list of virtual asset trading platform applicants, indicating it has withdrawn its application again. This decision came just two months after Huobi HK…

Last updated: May 15, 2024 13:16 EDT | 2 min read Meme coin markets are in overdrive, and Floki Inu is on the climb, with FLOKI bulls now targeting a new all-time high after an aggressive upside move triggered by Revolut.It’s no secret that dog-coins are here to stay. In fact, the unique staying power of Dog-themed cryptocurrencies is deserving of a focused study by academics.As an icon in the meme coin market since 2021, Floki Inu is once again leading the charge. #FLOKI IS NOW LIVE ON REVOLUT BUSINESS! Revolut is the biggest neobank and retail trading app in…

Last updated: May 15, 2024 11:56 EDT | 2 min read Louis-Vuitton (LVMH) owned wine producer Château d’Esclans and spirits-focused blockchain marketplace BlockBar launched an NFT edition of the wine maker’s famed Garrus rosé on Monday.“Château d’Esclans is making history with the first-ever sale of a barrel of Garrus using our new innovative leaderboard technology, exclusively on BlockBar,” the wine and spirits NFT platform’s announcement read. “As the first rosé on BlockBar, this single barrel is presented to wine collectors and aficionados who have the opportunity to purchase a quarter barrel (equivalent to 150 L = 200 x 750ML bottles)…

Last updated: May 15, 2024 11:33 EDT | 2 min read Mercedes-Benz NXT, the German automotive giant’s Web3 arm, is launching a new non-fungible token (NFT) collection in partnership with Mojito, a suite for creating NFT marketplaces.The collection is called ‘The Era of Technology’ and is the second of seven eras in the company’s ‘Icon’ series.A limited supply of 780 exclusive collectibles will launch on May 21 at 18:00 CET.The mint will be open for seven days, until May 28.Notably, the team said that due to regulatory and taxation requirements, only collectors from the EU, Australia, Brazil, Japan, Singapore, South…

Last updated: May 15, 2024 09:19 EDT | 4 min read Trending new Solana GameFi token Mega Dice ($DICE) has smashed through the $1 million milestone in its ongoing presale.On sale at an initial price of $0.069, the $DICE presale price has today risen to $0.075, representing an 8.6% hike.Moving quickly now will secure buyers the lowest possible entry point for this much-talked-about presale. This significantly improves their chances of capturing a potential 100x return on investment or more. $DICE presale is targeting a soft cap minimum raise of $5 million.The team looks to the success of Rollbit ($RLB) as…

Last updated: May 15, 2024 08:33 EDT | 2 min read KuCoin has made the decision to suspend all naira-based peer-to-peer (P2P) trading in response to increased scrutiny from Nigeria’s regulatory authorities.The move comes three weeks after the country’s Securities and Exchange Commission (SEC) met with industry players and urged them to cease P2P trading activities.In a Wednesday blog post, KuCoin notified its users of the temporary suspension of P2P naira services and Fast Buy service via Naira card, stating that it is part of their ongoing efforts to enhance their services.The exchange’s decision to halt P2P trading is likely…

As the cornerstone event of the Berlin Blockchain Week, DappCon 2024 is set to feature an array of prominent speakers from across the Ethereum ecosystem15 May 2024 – DappCon, the leading developer conference for Ethereum infrastructure and Dapps today unveils its 2024 agenda. Hosted by Gnosis since 2018, DappCon 2024 will be held from the 21st to the 23rd of May this year at Radialsystem, in the heart of Berlin. Together with EthBerlin, DappCon is the flagship event of the Berlin Blockchain Week and will bring together over 900 builders from the Ethereum space including key decision-makers and thought leaders…

Last updated: May 15, 2024 07:30 EDT | 3 min read Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC.On May 14, around 10:30 pm UTC, Web3 security firm Cyvers detected an ongoing attack on Sonne Finance’s USD and Wrapped Ether (WETH) contracts, at the time they had only stolen $3 in cryptocurrency. 🚨ALERT📷We have detected an attack on @SonneFinance, $3 million have been stolen from their USDC and WETH contracts. Please contact us for more information. pic.twitter.com/tA4Heigfj7 — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) May 14, 2024However, Sonne Finance only Became…

Last updated: May 15, 2024 05:27 EDT | 1 min read The Securities Commission Malaysia (SC), the country’s regulator, has approved the trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC.Malaysia-based digital business solutions provider Cuscapi announced the move that its associate company MX Global received the approval on May 9, to facilitate trading of WLD token.In March 2022, MX Global had obtained an unspecified equity investment from cryptocurrency exchange Binance.The token joins as the 14th among the list of permitted digital assets to be traded in the country. Some of the permitted cryptos include…