Binance France, a popular cryptocurrency exchange, recently released its audited financial records, revealing a loss of €4 million for a period of 14 months from November 2021 to December 2022. The total expenses incurred by the exchange during this timeframe amounted to €14 million, covering various aspects such as staff payroll, marketing, administrative costs, taxes,
According to Jesse Pollak, the protocols lead at Coinbase, the number of crypto and blockchain users could reach a staggering 8 billion over the next ten years. This projection is not only ambitious but also truly remarkable, considering it equals the current global population, a significant portion of which lacks access to the internet. The
Meme coin enthusiasts are eagerly awaiting the launch of Burn Kenny Coin, a South Park-themed meme project that has already garnered significant attention. This new project is conducting a viral presale of its $KENNY token, which has gained a market cap of less than $1 million taking into account planned token burns. In less than
The decentralized finance (DeFi) space has been a hotbed of activity and innovation in recent years, but it still faces challenges when it comes to liquidity and accessibility. To tackle these issues head-on, Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has invested $10 million in Radiant Capital, a platform that provides liquidity
The recent introduction of the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE) has sparked controversy within the cryptocurrency community. This bill aims to impose stringent regulations on individuals involved in decentralized finance (DeFi) and has drawn criticism from various crypto advocacy groups. In this article, we will delve into the concerns raised by these
The cryptocurrency market is known for its volatility, and Arkham Intelligence’s $ARKM is no exception. Despite a promising start, with an initial price of $0.75 and a high of $1.05004, $ARKM has seen a significant decline and is currently trading at $0.5962, representing a 7.5% decrease today. This downward trend raises concerns among investors and
RISC Zero, a startup specializing in zero-knowledge (ZK) proof software, has raised an impressive $40 million in a Series A funding round. This funding was led by Blockchain Capital, a renowned crypto-focused investment firm. RISC Zero plans to utilize this significant capital injection to launch its groundbreaking Bonsai computing platform. Bonsai is an innovative platform
The world of cryptocurrency has been a topic of debate and discussion for some time now, with varying opinions on its nature and regulation. Recently, the Parliament Treasury Select Committee recommended that cryptocurrency trading be regulated as gambling, citing its similarities and associated risks. However, Andrew Griffith, the Economic Secretary to the Treasury in the
The United Kingdom’s Treasury Committee had previously proposed that unregulated cryptocurrencies should be treated as gambling. However, the HM Treasury has strongly opposed this idea, standing by the belief that a financial services regulatory framework is a more appropriate approach. Financial Services Minister Andrew Griffith argues that treating cryptoassets as gambling goes against internationally recognized
Officials have recently confirmed that the Nevada courts have taken decisive action in response to the financial difficulties faced by Prime Trust, a prominent crypto custodian. The Nevada Financial Institutions Division (NFID) has successfully petitioned for the placement of Prime Trust into temporary receivership. In a bid to protect the interests of Prime Trust’s clients,