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Bybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, … Read more
Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The … Read more
MARA (NASDAQ: MARA) has released its unaudited Bitcoin production update for October 2024, reporting a total production of 717 Bitcoin, which represents a 2% increase compared to the previous month. The company’s energized hash rate increased by 14% to reach 40.2 EH/s, marking the highest production month since the Bitcoin halving event in April. Despite … Read more
Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in … Read more
The latest Certik Web3 Security Quarterly Report reveals alarming statistics for the second quarter of 2024, with a staggering $688 million lost across 184 on-chain security incidents, marking a 37% increase in value lost compared to the previous quarter. Phishing attacks emerged as the most costly threat, accounting for approximately $433 million in losses, while … Read more
Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s … Read more
Crypto.com announced on Thursday the acquisition of Watchdog Capital, LLC, a broker-dealer registered with the SEC and a member of FINRA and SIPC. This acquisition will allow Crypto.com’s new subsidiary to offer equities and equity options to eligible traders in the U.S. CEO Kris Marszalek emphasized the company’s commitment to integrating traditional financial tools with … Read more
Nasdaq-listed Bitdeer announced the launch of its second-generation Bitcoin mining machine, the SEALMINER A2 series, on October 31, 2024. The new machines feature a power efficiency ratio of 16.5J/TH, with the air-cooled model achieving a hashrate of 226TH/s and the hydro-cooled model reaching up to 446TH/s. Equipped with Bitdeer’s independently developed SEAL02 chip, the SEALMINER … Read more
Dydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company’s evolving goals. In a heartfelt blog post, Juliano acknowledged the dedication and contributions of the departing team members … Read more
On Tuesday, Ethereum founder Vitalik Buterin made a significant contribution of 400 ETH, valued at over $1 million, to four Ukrainian humanitarian non-profits. This donation was facilitated by swapping ETH from meme coins, showcasing the potential of cryptocurrency for philanthropic efforts. Among the recipients is the UHF Fund, a non-governmental organization that provides grants to … Read more
