Blockchain

OKX Launches Full Crypto Trading Services in Australia
Post

OKX Launches Full Crypto Trading Services in Australia

OKX, a major cryptocurrency exchange, has announced the launch of its comprehensive trading services in Australia through a locally regulated entity. This strategic move aims to expand OKX’s presence in the Asia-Pacific region and tap into Australia’s advanced and diverse investor base. At a media event in Sydney on May 14, Oscar Piastri, a McLaren...

German State-Owned Bank to Launch Blockchain-Based Digital Bonds
Post

German State-Owned Bank to Launch Blockchain-Based Digital Bonds

The German state-owned bank, Kreditanstalt für Wiederaufbau (KfW), has announced its plans to issue its first blockchain-based digital bonds by summer 2024. These bonds will be managed using blockchain technology to ensure secure and transparent transactions and are classified as crypto securities under the German Electronic Securities Act (eWpG). KfW has partnered with major financial...

Binance to Remove BIDR Support Across Multiple Services
Post

Binance to Remove BIDR Support Across Multiple Services

Binance, a leading cryptocurrency exchange, has announced the delisting of trade pairs involving the stablecoin backed by the Indonesian Rupiah (BIDR). This change will impact trading pairs for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) across various services offered by the exchange. The exchange has outlined a detailed action plan with specific deadlines for the...

Blockchain Association and Crypto Freedom Alliance File Lawsuit Against SEC Over Dealer Rule
Post

Blockchain Association and Crypto Freedom Alliance File Lawsuit Against SEC Over Dealer Rule

Today, the Blockchain Association and the Crypto Freedom Alliance of Texas launched a legal challenge against the SEC, contesting the agency’s expanded definition of “dealer” within the cryptocurrency sector. Filed in the Northern District of Texas, the lawsuit argues that this redefinition could significantly impair the U.S. crypto industry, asserting that the SEC overstepped its...

Bitcoin Transaction Fees Stabilize After Surging Post-Halving
Post

Bitcoin Transaction Fees Stabilize After Surging Post-Halving

In a significant turn of events, Bitcoin transaction fees have plummeted from a staggering $146 to just over $10 for medium-priority transactions, following the recent halving event that typically influences both transaction costs and miner earnings. Just last week, Bitcoin users experienced a sharp increase in transaction fees, with medium-priority transactions costing upwards of $146...

Binance Secures Full VASP License in Dubai, Signaling Expansion and Compliance Commitment
Post

Binance Secures Full VASP License in Dubai, Signaling Expansion and Compliance Commitment

Binance has successfully acquired the comprehensive Virtual Asset Services Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant expansion of its operations within Dubai’s financial market. This milestone follows the Operational MVP license obtained in July 2023, which initially allowed Binance FZE to offer limited services to institutional and qualified investors...

New U.S. Legislation Proposed to Regulate Stablecoins
Post

New U.S. Legislation Proposed to Regulate Stablecoins

Senators Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming have introduced new legislation aimed at regulating the stablecoin market. The bill, known as the Lummis-Gillibrand Payment Stablecoin Act, was reported by Bloomberg on Wednesday, April 17. It seeks to establish clear regulations for payment stablecoins, which are dollar-pegged digital assets used for transaction...

Hong Kong Set to Approve First Bitcoin and Ethereum ETFs
Post

Hong Kong Set to Approve First Bitcoin and Ethereum ETFs

Hong Kong regulators are reportedly on the brink of approving the first Bitcoin and Ethereum exchange-traded funds (ETFs) in Asia, with an announcement expected by April 15. This pioneering move could position Hong Kong as the inaugural Asian market with operational Bitcoin and Ethereum ETFs. Sources close to Bloomberg suggest that an international branch of...

Bitcoin Slumps as March US CPI Data Surpasses Expectations
Post

Bitcoin Slumps as March US CPI Data Surpasses Expectations

Bitcoin prices tumbled following the release of the U.S. Consumer Price Index (CPI) data for March, which revealed a hotter-than-expected inflation rate of 3.5%. This figure exceeded the forecasts of 3.4% and outpaced the previous month’s rate of 3.2%, signaling persistent inflationary pressures in the economy. The data, issued by the U.S. Bureau of Labor...

Bitcoin Surges 2% Amid Anticipation of Interest Rate Cuts
Post

Bitcoin Surges 2% Amid Anticipation of Interest Rate Cuts

In a remarkable rebound, Bitcoin’s value soared to $67,510 on April 4th, marking a 2% increase following positive remarks from the US Federal Reserve about potential interest rate easing. This uptick aligns with the optimistic opening of Wall Street, contrasting with a dip in gold prices after they crossed the $2,300 threshold. Jerome Powell, the...