Author: Crypto News

Last updated: May 9, 2024 18:43 EDT | 1 min read To commemorate the 25th anniversary of His Majesty Otumfuo Osei Tutu II’s reign, Ghana Post launched a collection of “Crypto stamps” linked to non-fungible tokens (NFTs) on May 9. The initiative blends Ghanaian cultural heritage with cutting-edge blockchain technology, offering a unique way to celebrate the King’s Silver Jubilee. Ghana NFT Stamps: Bridging Tradition and Technology These limited-edition Ghana Crypto Stamps, priced at $18 (250 Ghanaian cedi) each, are linked to unique NFTs, verifiable on the blockchain, providing collectors with proof of ownership and authenticity. Only 7,200 Crypto Stamps…

Last updated: May 9, 2024 18:43 EDT | 1 min read Grayscale, the company behind the world’s largest Bitcoin (BTC) ETF, saw flat revenues in Q1 despite non-stop outflows from its world-famous fund throughout the quarter.Per a shareholder letter from Grayscale’s parent company, Digital Currency Group (DCG), the Grayscale Bitcoin Trust (GBTC) netted $156 million between January and March – nearly identical to its Q4 2023 figure. Grayscale’s Bitcoin: Outflows VS Revenue As usual, this comprised most of DCG’s total revenue of $229 million, up 11% from the prior quarter. The conglomerate’s gains were primarily driven by its mining pool…

Last updated: May 9, 2024 17:29 EDT | 1 min read A South Korean convenience store chain, Emart24, is teaming up with the popular cryptocurrency exchange Bithumb to offer Bitcoin Meal packs. These unique meal boxes will provide customers with an opportunity to win small amounts of Bitcoin, adding a crypto twist to their lunch break. Bitcoin Meal Packs Approximately 30,000 Bitcoin Meal packs will be available for purchase at Emart24 locations by the end of the month, priced at 5,900 Korean won (USD $4.30) each. The process is simple: after purchasing a meal pack, customers can download the Bithumb…

Last updated: May 9, 2024 16:28 EDT | 2 min read Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday.According to a  press release, Binance will have to pay $6,002,000 CAD in administrative monetary penalties for failing to register with FINTRAC as a foreign money services business as well as failing to report cryptocurrency transactions of $10,000 or more within a single payment.FINTRAC Announces $4.3 Million Fine Against Binance The regulator added that between June…

Last updated: May 9, 2024 15:36 EDT | 2 min read An NFT trader lost over $145,000 worth of tokens in a BAYC phishing scam, according to May 9 data from on-chain security platform PeckShield.PeckShield revealed that a trader known as “tatis.eth” fell victim to a phishing scam perpetrated by an attacker identified as “PinkDrainer.” The malicious entity stole three valuable BAYC NFTs – BAYC 7531, BAYC 6736, and BAYC 2100 – from the trader’s wallet. The BAYC Phishing Scam That Led to the Loss of $145,000 Worth of NFTs BAYC, also known as Bored Ape Yacht Club (BAYC), is…

Last updated: May 9, 2024 14:42 EDT | 3 min read With cryptocurrency markets choppy on Thursday as Bitcoin (BTC) rebounds from session lows in the $61,000s back to the mid-$62,000s, traders are parsing through their options in the altcoin market as they hunt for the best crypto to buy now on May the 9th.Some attributed the bounce in Bitcoin from session lows to weaker-than-expected US jobless claims data. 🚨 BREAKING 🚨 US JOBLESS CLAIMS SPIKES TO ITS HIGHEST LEVEL IN 9 MONTHS JOBLESS CLAIMS: 231,000 EST:212K THIS IS BULLISH FOR THE MARKET, AS IT WILL PUSH THE FED TO…

Last updated: May 9, 2024 13:45 EDT | 2 min read Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC.“We actually came in good faith to meet with the SEC. I think we met with them 16 times and, unfortunately, that was not reciprocated,” Tenev told CNBC’s Kate Rooney.SEC, Robinhood Met 16 Times Before Wells NoticeThe federal regulator filed a Wells Notice on May 4, with court documents showing the commission made …

Meme coins have emerged as both a source of amusement and, remarkably, a vehicle for substantial financial gain in the cryptocurrency space. Among the myriad of these digital tokens, three have caught the attention of a trading expert who turned a modest investment of $1,000 into a staggering $100,000 within the first quarter of 2024. Let’s delve into the world of meme coins and uncover the trio that propelled this trading maven to such remarkable heights. The expert trader has also revealed that he’s betting on these trio as the 3 best meme coins to buy this week.  Hump (HUMP):…

Last updated: May 9, 2024 11:29 EDT | 2 min read Lightning Labs CEO Elizabeth Stark believes the new functionality brought by the Lightning Network Taproot Assets protocol will enable stablecoins on Bitcoin.During FT Live’s Crypto and Digital Assets summit in London, Stark gave an explainer of Bitcoin and the Lightning Network to an audience of traditional finance players. Lightning Labs’ Taproot Assets protocol is building functionality for issuing assets on Bitcoin that can be transferred over the Lightning Network for instant, high-volume, low-fee transactions.This builds upon the foundation laid by the 2021 Lightning network Taproot upgrade which expanded Bitcoin’s…

Last updated: May 9, 2024 10:14 EDT | 2 min read Marsh, the insurance broking and risk advisory business of Marsh McLennan, has unveiled an insurance solution designed for crypto-asset service providers operating within the European Union (EU).The launch of MiCAssure comes in anticipation of the forthcoming Markets in Crypto-Assets Regulation (MiCA), which is set to be implemented on December 30, 2024, according to a Thursday press release. MiCAssure is intended to address the regulatory framework established by MiCA, which seeks to provide legal certainty, consumer protection, and address market fragmentation within the EU’s crypto-assets market. MiCAssure Covers Third-Party Claims Related to…