The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends on June 1. The regulator warned that operating without a license is a criminal offense and will enforce compliance. Investors are advised to only trade…
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The Zkasino team announced on May 28 that it had initiated a two-step bridge back process, allowing users to retrieve their ethereum tokens. Users have between May 28 and May 31 to bridge back their funds, after which the signup process will be closed, and deposits will be halted. Rug Pull Allegations The team behind…
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Mt. Gox, the defunct Bitcoin (BTC) exchange that suffered a major collapse in 2014 has recently initiated payout distribution to creditors waiting for it. The release of a substantial amount of BTC, equivalent to $9.4 billion, on May 27th has raised concerns about potential market liquidity and price stability. In response, the on-chain market intelligence…
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Blocksquare, a real estate tokenization protocol, has announced that it has tokenized $100 million in properties across various sectors. The team believes this marks a significant advancement in the digital real estate market, facilitated by the launch of their new decentralized finance (defi) platform, Oceanpoint v0.5. From Hotels to Healthcare: Blocksquare Tokenizes $100 Million in…
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Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases, has gone live across several exchanges in Europe and Latin America. Mastercard Launches Crypto Credential, Aiming for…
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A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally,…
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Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available on Solana Blockchain Paypal Holdings Inc. (Nasdaq: PYPL) announced at…
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Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle. Crypto Market Has Began “Macro Bullish Expansion” TechDev mentioned in an X (formerly Twitter) post…
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May has emerged as a notable month for ‘sleeping bitcoin’ transactions, with a long-dormant address, inactive for ten years and six months, awakening on May 28 to move 145.89 BTC, valued at $9.8 million. Over $109 Million in Bitcoin From 2013 Moved in May After a much quieter April, May has witnessed numerous dormant bitcoin…
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U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may…
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