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Binance Pays $1.75 Million to Settle Irregular Derivatives Offering Procedure in Brazil

Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million…

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Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by…

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Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade

On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time…

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Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis…

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Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining

The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a…

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While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns

Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated…

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Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has…

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Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024

Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At…

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Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings

Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in…

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Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions

Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans…

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