Telegram’s Crypto Holdings surge to $1.3B in H1 2024
In H1 2024, Telegram’s cryptocurrency holdings rose to $1.3 billion, up from $400 million, driven by Toncoin sales and a TON deal. The Financial Times (FT) reported on November 26th that Telegram held $1.3 billion in cryptocurrency in the first half of 2024, up from $400 million at the end of the previous year. In […]
Binance Announces Official Launch of BFUSD
Binance launched BFUSD, a reward-bearing asset offering up to 19.55% APY and usable as margin in multi-asset mode. On Tuesday, the largest cryptocurrency exchange in the world, Binance, announced that its reward-bearing asset, BFUSD, has completed its formal launch. The exchange has confirmed that the cryptocurrency asset will provide consumers with returns on qualifying amounts […]
Prometheum Faces Setback After Gensler’s Exit
Prometheum’s future is uncertain after Gensler’s departure and rumors of a pro-crypto SEC Chair under Trump. Prometheum, a cryptocurrency company based in the United States, has previously benefited from Gary Gensler’s stricter stance on cryptocurrencies. Nevertheless, current attitudes regarding the future of the company have undergone a paradigm shift as a result of Donald Trump’s […]
Swan Bitcoin Files Lawsuit Against Its Lawyers
Swan Bitcoin has sued former employees. It alleges that it received assistance from Tether and is now accusing its law firm of misconduct for accepting the stablecoin issuer as a client. Swan Bitcoin , a financial services company, has filed a lawsuit against Gibson, Dunn & Crutcher, a law firm that it continues to retain, […]
Phantom Wallet Adds Base Support
Phantom Wallet adds support for Base, Coinbase’s Ethereum-based Layer 2 blockchain, enabling token swaps across multiple chains. Phantom’s multi-chain expansion is furthered by the inclusion of Base support, which expands the crypto wallet’s network access across blockchain networks. Statement on Phantom Wallet Phantom acknowledged in a Monday post on X that it has implemented support […]