In Canada, Binance, a well-known cryptocurrency trading platform, is facing a new class-action lawsuit. The complainants accuse the company of breaking Canadian securities regulations. On April 19, Ontario’s Superior Court of Justice announced a certification hearing for a class action lawsuit versus Binance. The lawsuit accuses Binance of illegally selling crypto derivatives to individual investors, … Read more
To prevent a significant phishing scam, Velvet Capital, a decentralized finance (DeFi) asset management protocol, had to briefly take down its website. On April 23rd, cryptocurrency users noticed strange goings-on at Velvet Capital’s trading platform among its X community members. When attempting to link to the interface, they were required to grant permission to use … Read more
The head of payments at X predicts that in the future, a large number of users will have the ability to send funds to each other, buy merchandise from outlets, and accrue interest on their balances – similar to managing a traditional bank account – through the use of our platform. On April 22, Chris … Read more
According to Arkham, a blockchain intelligence firm, over two major cryptocurrency bridges, there are numerous unclaimed crypto addresses holding millions of dollars each. These funds may be considered “stranded” or “unintentionally overlooked.” In a post on April 22, Arkham mentioned that there are around sixty forgotten accounts with large balances, worth between six and seven … Read more
PayPal proposes enhancing the profitability of eco-friendly Bitcoin mining by offering extra incentives directly on the Bitcoin network for miners. PayPal’s Blockchain Research Team, in partnership with Energy Web and DMG Blockchain Solutions, suggested a method called “cryptoeconomic incentives” to motivate Bitcoin miners towards using eco-friendly energy resources in their operations, as mentioned in a … Read more
Fidelity Digital Assets changed its view on Bitcoin (BTC) for the next phase from optimistic to neutral after the initial quarter. They based this decision on various indicators suggesting that Bitcoin is no longer seen as underpriced, potentially leading to increased selling pressure. Fidelity Digital Assets recently published their Signals report on April 22nd, introducing … Read more