Author: bitcrypto.io

Join Binance for the Inaugural World Championship: Today, we’re very excited to be unveiling our first-ever Binance World Championship. This is more than a competition; it’s our tribute to you, our users. We’re offering a very hefty rewards pool, the largest ever in Binance’s history, exceeding $4.2 million! Whether you’ve just joined the Binance family or have been supporting us for some time now, there’s something for everyone in this championship. We’re inviting you to join us today and deepen your understanding of crypto, take part in fun campaigns, showcase your trading skills, and receive attractive rewards. The Spirit of…

Imperii Partners’ CEO Tony Scuderi predicts future billion-dollar crypto deals and highlighted the importance of infrastructure firms in M&A. The landscape of mergers and acquisitions (M&A) in the crypto industry is evolving, marked by a cautious yet optimistic outlook. In a recent conversation, Imperii Partners’ CEO Tony Scuderi shared insights with Coinage host Zack Guzman, delving into the dynamics of deal-making, the prominence of infrastructure companies, and predictions for the future. Guzman kicked off the discussion by noting the changes in the space beyond just venture capital (VC) deal-making. Scuderi responded by saying, “Deal making is off to a bit…

Deutsche Bank will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker. The crypto industry has previously struggled to find banking partners, particularly after the 2023 collapse of Silvergate Capital Corp, Signature Bank and Silicon Valley Bank, which had a high concentration of crypto-related clients. But in the latest sign of the crypto world moving closer to mainstream finance, Deutsche will provide Bitpanda users in Germany with local bank account numbers. This means that deposits or withdrawals of fiat currencies from Bitpanda will go through Germany’s largest bank. Some banks do not allow customers to…

The program will be in place when the Los Angeles Lakers and Kings begin their seasons in October. Following a test run at two Depeche Mode concerts in December, AEG is implementing a full-time, reusable drinking cup program at its Crypto.com Arena and Peacock Theater buildings in Los Angeles, it was announced Tuesday. Teaming with hospitality partner Levy, both venues will replace all single-use cups at its food and beverage destinations with products from r.World, a sustainability company. Here’s how it works: Used plastic cups are collected in specially marked bins, then taken to a nearby r.World industrial wash hub…

From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. In the first week of June 2024, data revealed that the Bitcoin blockchain generated $3.82 billion from NFT sales. Although NFTs on Bitcoin were previously available through technologies like Counterparty, the introduction of Ordinal inscriptions has significantly increased the popularity of BTC-based NFTs, even amid a general decline in the…

Brian Armstrong Outlines Coinbase’s Strategy for Regulatory Clarity for Crypto Sector Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC, aimed at supporting pro-crypto initiatives. Crypto exchange Coinbase (Nasdaq: COIN) published a blog post by its CEO Brian Armstrong on Monday titled “How to get regulatory clarity for crypto.” Armstrong explained that in pursuit…

Crypto Exchange OKX stats crypto exchange and Web3 wallet services in the Netherlands, taking on Binance’s lost market share. OKX, the third-largest crypto exchange and Binance’s competitor, on Monday said it has expanded to the Netherlands. OKX will offer crypto exchange and Web3 wallet services in the country, offering users access to trade over 150 cryptocurrencies. With Binance out of the Netherlands, OKX will capitalize on taking part of the market share lost by Binance last year. The crypto exchange has even introduced a 50 Euro welcome bonus for signups until July 3. OKX Vision in the Netherlands According to…

The strategic partnership between DeLorean and Otherlife DeLorean Motor Company, known for its iconic vehicles, is entering the digital realm with the introduction of a special Web3 marketplace created for vehicle reservations. This groundbreaking platform is a result of collaboration with Otherlife, a leading Web3 creative agency affiliated with MoonPay. This initiative represents a major move towards incorporating blockchain technology into automotive reservation systems, with the goal of improving transparency and security for users. The strategic partnership between DeLorean and Otherlife focuses on using blockchain technology to change how customers can reserve, purchase, and sell vehicle slots. Otherlife has significant…

Joe Biden said he would veto the resolution before the House or Senate voted on it. U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121, he announced Friday afternoon. SAB 121 is a controversial piece of SEC accounting guidance that directs financial institutions holding crypto for customers to keep the assets on their own balance sheets. Critics of the guidance say it makes it too difficult for financial institutions to work with crypto companies. In his statement announcing the veto, Biden said he would not…

In what is likely one of the largest hacks of a digital-asset platform, the Japanese crypto exchange DMM Bitcoin said it detected “an unauthorized leak” of around $301 million from its digital wallet. The exchange is still investigating the outflow, equal to 4,503 Bitcoin, the company said on its website. It’s restricted a slew of services, including cryptocurrency withdrawals. In a tweet, blockchain researcher Chainalysis called the incident a “hack,” and labeled the funds as stolen. The haul is the seventh-biggest crypto hack ever, Chainalysis said. The “leaked” funds have been split up across 10 crypto addresses so far, according…