Thailand Authorities Target Crypto Peer-to-Peer (P2P) Trading Regulations to Combat Online Fraud

Thai authorities aim to curb online fraud by focusing on peer-to-peer (P2P) transactions. During a gathering of various government bodies, there was a consensus to control the trading of cryptocurrencies and purchasing digital assets through P2P platforms, with the primary objective of shielding the public from potential financial harm. Thailand to Prevent Scammers from Cleaning … Read more

Mempool Developer Criticizes Many Bitcoin Layer 2 Solutions, Claims They Are Created to Defraud Users

Bitcoin (BTC) has encountered issues with scaling, causing a need for remedies to enhance its transaction-processing capacity. In response, innovative Layer 2 (L2) technologies have emerged, aiming to alleviate pressure on the fundamental layer and unlock new functionalities for the digital currency. The route to scalability, however, has ignited a contentious argument within the crypto … Read more

Crypto Whales Drive Ethereum (ETH) Price with Massive Transactions amid Price Volatility

Lately, Ethereum (ETH) has experienced considerable price volatility, with noticeable fluctuations occurring within a brief timeframe. Initially, the cryptocurrency dipped by 3.1%, causing its value to drop to $3,411. However, it swiftly recovered and climbed up to $3,591, representing a substantial increase of 5.3%. Large cryptocurrency holders, referred to as “whales,” suddenly caused a price … Read more

Solana-based Lending Protocol Marginfi Sees $214M Outflows

Solana-based crypto lending protocol Marginfi is undergoing some major turbulence with its creator Edgar Pavlovsky announcing his departure from the project on Wednesday, April 10, citing some internal disagreements. As a result, the outflows from Marginfi have skyrocketed to more than $214 million from one of the most popular DeFi protocols on Solana. Meanwhile, the … Read more

Cardano’s EMURGO Onboards Huawei Cloud Node Validator: Details

EMURGO, a major player in the blockchain industry and partner for Cardano, has revealed a strategic alliance with Huawei Cloud, a renowned global cloud computing service. This partnership aims to boost Web3 applications using Cardano. EMURGO announced information about its latest partnership, highlighting its expanding connections to significant technology companies globally. Implications of the EMURGO … Read more

Dubai’s Digital Assets Regulator to Ease Pressure on Small Crypto Firms

At the Paris Blockchain Week, which started on April 9, 2024, Matthew White, the head of Dubai’s new Virtual Asset Regulatory Authority (VARA), shared intentions to ease regulatory hurdles for smaller crypto businesses operating in the area. During a conversation at a regulatory panel event, White admitted that existing laws for digital assets require modifications … Read more

Voyager Digital Shows Intent with $474M Recovery Fund

Voyager Digital is making good progress in its plan to repay creditors following bankruptcy. To boost its financial revival, the company has obtained approximately $484 million through settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) Insurance. In a recent court filing to the US Bankruptcy Court for the Southern District of … Read more

Robert Kiyosaki Supports Cathie Wood, Believes Bitcoin Will Increase to $2.3 Million

Robert Kiyosaki, famous for his best-selling book “Rich Dad, Poor Dad,” has endorsed Cathie Wood’s bold forecast that the value of a single Bitcoin (BTC) could potentially soar to an astounding $2.3 million. Kiyosaki, an ardent backer of Bitcoin, has given his approval to Wood’s forecast, expressing his faith in her expertise and judgement. Previously, … Read more