X Obtains Payment Licenses, Elon Musk Hints at Crypto Payments

X, the social media site owned by Elon Musk and formerly known as Twitter, has been granted payment licenses by a number of American states. This week, the company received a currency transmitter license in Rhode Island. Musk has hinted at supporting crypto on X, even briefly replacing the old Twitter bird logo with dogecoin’s […]

X Obtains Payment Licenses, Elon Musk Hints at Crypto Payments

X, the social media site owned by Elon Musk and formerly known as Twitter, has been granted payment licenses by a number of American states. This week, the company received a currency transmitter license in Rhode Island. Musk has hinted at supporting crypto on X, even briefly replacing the old Twitter bird logo with dogecoin’s […]

Binance to Cease BUSD Withdrawals on Multiple Networks

Binance has announced that it will be gradually winding down its support for BUSD, a stablecoin, by September 7th. This comes after the U.S. Securities and Exchange Commission (SEC) launched a probe into digital asset issuer Paxos, which had been minting BUSD tokens. The SEC labeled BUSD an unregistered security, and Binance and its CEO […]

Veloce Launches Governance and Utility Token VEXT Exclusively on ByBit

Veloce Media Group, the world’s largest digital racing media network, is launching its governance and utility token, VEXT, exclusively on ByBit, one of the global top leading exchanges. VEXT will empower holders to become part of the Veloce ecosystem and have further influence, integration and rewards over decentralised assets within the Veloce Media Group. The […]

Crypto Firms in Australia Take Measures to Prevent Scams

Cryptocurrency exchanges in Australia are taking preventative measures to protect their users from scams. At a panel of the fintech conference Intersekt 2023 in Melbourne, executives from major Australian crypto firms discussed the issue of scams and fraud in crypto. The firms have implemented automated and manual Anti-Money Laundering (AML) checks, investigations, education and communication […]

Interlay Launches BOB: A Bitcoin Layer 2 Network with Rust Smart Contracts and Ethereum Virtual Machine Support

Interlay, a leader in decentralized Bitcoin infrastructure, has released the MVP of BOB (“Build on Bitcoin”) – a new Bitcoin layer 2 network. It features Rust smart contracts compatible with Bitcoin libraries such as Lightning and Ordinals, as well as full support of the Ethereum Virtual Machine. The first MVP of BOB includes a demo […]

Bitlink Launches Global Synchronized Beta: Unlock Limitless Possibilities with New User Benefits

Bitlink, a revolutionary cryptocurrency exchange, is proud to announce its global synchronized beta testing. Combining traditional centralized exchange mechanisms with innovative Web3 features, Bitlink is at the forefront of the crypto landscape. The platform’s Web3-integrated ecosystem allows users to mine and trade Non-Fungible Tokens (NFTs) and earn rewards through node mining. Bitlink is committed to […]

Cryptocurrency Whale Suffers $5.1 Million Loss in Poorly Timed Long Positions

A cryptocurrency whale has recently reported massive losses due to poor timing of long positions on perpetual contracts. According to Lookonchain, the whale was liquidated when Ethereum dropped from over $1.86k to below $1.7k, resulting in a loss of $3.8 million. Another long position was tracked 13 days ago, when Ethereum was seemingly increasing in […]

Polygon’s MATIC Token Transforms Into Third-Generation POL Token

Polygon Labs has unveiled ambitious plans to upgrade the MATIC token to the third-generation POL token, introducing a new staking concept that enables secure validation of multiple chains without added risks. This transition will be enacted with a straightforward 1:1 ratio, ensuring that existing MATIC holders glide effortlessly into the realm of the freshly introduced […]