In Brief DOJ selects FRA to monitor Binance after its guilty plea. FRA chosen over Sullivan & Cromwell due to FTX ties. Binance must pay $4.3 billion penalty; CEO sentenced. The US Department of Justice (DOJ) has selected the consulting firm Forensic Risk Alliance (FRA) to oversee Binance. This development follows Binance’s guilty plea to…
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In Brief SBI Holdings and Chiliz form a joint venture for sports fan tokens in Japan. Venture offers interactive experiences and aims to enhance fan engagement. Collaboration with Chiliz and Azuro boost on-chain prediction markets. SBI Digital Asset Holdings, a branch of SBI Holdings that focuses on cryptocurrencies, has joined forces with Chiliz, a top sports…
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In Brief Crypto whale invests $10.4 million in PEPE. The transaction includes 1.238 trillion PEPE. PEPE’s value has risen 29.70% last month. A remarkable transaction has shaken the cryptocurrency market as a crypto whale reportedly invested $10.4 million into meme coin PEPE. This substantial investment, unfolding amid a surge in market activity, has triggered intense…
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In Brief Salvor joins Avalanche for NFT lending, boosts AVAX use. The platform platform supports over 800 NFT collections. The market has seen NFT trading volumes drop over 30%. Avalanche has partnered with Salvor to introduce an NFT lending platform. This strategic move could significantly impact the price of Avalanche’s native cryptocurrency, AVAX, as it enhances…
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In Brief Bybit announces IDO for Nulink, boosting dApps privacy. NLK token launch on May 12, targeting data security. 4M NLK tokens available, with 14,924 participants ready. Cryptocurrency exchange Bybit aims to enhance the decentralized finance (DeFIi) sector with its upcoming Initial DEX Offering (IDO) for Nulink (NLK). Slated for May 12, this event will mark the…
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In Brief Polygon price is currently stuck in consolidation, heading towards the resistance level at $0.746. MATIC holders are exhibiting signs of potential accumulation, which has historically resulted in rallies. Only 33% of the Polygon native token’s supply is in profits, making it eligible for considerable gains. Polygon (MATIC) price awaits strong bullish cues that could propel the altcoin…
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In Brief Cardano names Giorgio Zinetti as new CTO. Zinetti to enhance Cardano’s blockchain tech. Focus on open-source and enterprise solutions. The Cardano Foundation, headquartered in Zug, Switzerland, and responsible for the cryptocurrency ADA, has announced the appointment of Giorgio Zinetti as its Chief Technology Officer (CTO). This initiative highlights the Foundation’s dedication to steering…
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In Brief Alchemy Pay and Bitget partner to facilitate crypto purchases. Integration offers seamless fiat to crypto conversion in India. Bitget expands services across Southeast Asia and beyond. Bitget announced a partnership with Alchemy Pay. The goal is to enable the buying of cryptocurrencies with the Indian rupee (INR). This collaboration introduces a big improvement.…
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In Brief Canada targets $39.5 million in unpaid taxes. Audits crypto traders, needs more education. Plans to enhance crypto tax compliance. The Canada Revenue Agency (CRA) has ramped up its efforts by initiating nearly 400 audits in a significant move to clamp down on crypto tax evasion. These actions underscore a determined pursuit to recover…
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In Brief Ethernity transitions to Ethereum Layer-2 with AI for security. Layer-2 targets entertainment with eco-friendly infrastructure. New projects like Fanable App and Exorians on Layer-2. Ethernity is a platform that offers authenticated and licensed NFTs featuring well-known figures such as Lionel Messi and Shaquille O’Neal. It has announced a Layer-2 solution on the Ethereum…
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