TL;DR Breakdown Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs. The introduction of zero maker fees on all TUSD spot and margin trading pairs expands its previous promotion that only included the Bitcoin (BTC) – TUSD pair​. Description Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs. However, this strategic move, scheduled to commence on June 30, 2023, is predicted to stimulate the crypto-market dynamics by extending its feeless trading opportunity to a wider audience. The introduction of zero maker fees on all TUSD spot and margin trading pairs is … Read more Binance has announced a new zero-fee promotion for TrueUSD (TUSD) trading pairs. However, this strategic move, scheduled to commence on June 30, 2023, is predicted to stimulate the crypto-market dynamics by extending its feeless trading opportunity to a wider audience. The introduction of zero maker fees on all TUSD spot and margin trading pairs is an expansion of its previous promotion that only included the Bitcoin (BTC) – TUSD pair​​. Additionally, Binance has demonstrated its commitment to making trading more…

TL;DR Breakdown The Monetary Authority of Singapore (MAS) proposes comprehensive guidelines for regulating crypto assets. Purpose Bound Money (PBM) aims to revolutionize digital currency transactions by allowing seamless transfers across platforms and currencies. PBM empowers users to customize transaction characteristics and enhance the functionality of digital currencies. Description The Monetary Authority of Singapore (MAS) has taken a significant stride towards creating a uniform regulatory framework for using crypto assets. MAS has proposed a comprehensive set of guidelines to govern the evolving digital currency landscape in a groundbreaking move. The move aims to provide clarity and security while fostering innovation in cryptocurrencies. Purpose-bound money … Read more The Monetary Authority of Singapore (MAS) has taken a significant stride towards creating a uniform regulatory framework for using crypto assets. MAS has proposed a comprehensive set of guidelines to govern the evolving digital currency landscape in a groundbreaking move. The move aims to provide clarity and security while fostering innovation in cryptocurrencies. Purpose-bound money (PBM) to revolutionize digital currency transactions Today, MAS released a whitepaper outlining its groundbreaking initiative, Purpose Bound Money (PBM)….

TL;DR Breakdown   Ledger releases a white paper on Ledger Recover, a revolutionary key recovery solution. Ledger’s open-source acceleration program promotes transparency and collaboration in the industry. The comprehensive white paper empowers users to manage their digital assets securely. Description Ledger, the industry-leading provider of Bitcoin wallets, has taken a significant step towards openness and cooperation by releasing the highly anticipated white paper for their innovative Ledger Recover product. This revolutionary service has garnered widespread approval within the cryptocurrency community, as it offers a key recovery solution for Ledger Nano X owners who have lost … Read more Ledger, the industry-leading provider of Bitcoin wallets, has taken a significant step towards openness and cooperation by releasing the highly anticipated white paper for their innovative Ledger Recover product. This revolutionary service has garnered widespread approval within the cryptocurrency community, as it offers a key recovery solution for Ledger Nano X owners who have lost their hardware wallet, PIN, and 24 recovery words. The white paper provides an in-depth exploration of the intricate workings of Ledger Recover, shedding light on essential aspects…

TL;DR Breakdown Binance is expanding its presence in Kazakhstan by launching a regulated digital asset platform Binance’s latest move comes amid regulatory trouble in the United States and several European countries Description The largest cryptocurrency exchange Binance is expanding its presence in Kazakhstan with the launch of a local exchange amid ongoing regulatory concerns in the United States. The move follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, allowing the company to manage a digital asset platform and provide custodial … Read more The largest cryptocurrency exchange Binance is expanding its presence in Kazakhstan with the launch of a local exchange amid ongoing regulatory concerns in the United States. The move follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, allowing the company to manage a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC). In addition, the license qualifies Binance as a regulated platform in Kazakhstan. Launching Binance’s new exchange  Binance’s launch announcement was made earlier at a press event, with…

TL;DR Breakdown Bloomberg sits market analyst for an in-depth look as to what the difference between Grayscale’s GBTC and BlackRock’s ETF comes down to. Analysts speculate that BlackRock’s ETF filling comes on the back of SEC losing to Grayscale. There remains a high possibility that BLK will score on the ETF filing, considering it runs 33% of ETF spot trades in the States. Description BlackRock filled for a Bitcoin ETF, and there has been a split of opinions among crypto market members. BlackRock manages about US$10 trillion worth of assets. The entity has filed to launch the first publicly traded spot Bitcoin exchange-traded fund (ETF) in the U.S. The decision comes on the back of regulators in the country … Read more BlackRock filled for a Bitcoin ETF, and there has been a split of opinions among crypto market members. BlackRock manages about US$10 trillion worth of assets. The entity has filed to launch the first publicly traded spot Bitcoin exchange-traded fund (ETF) in the U.S. The decision comes on the back of regulators in the country filing lawsuits against…

TL;DR Breakdown BlackRock’s filing pushes other firms to file their applications. Fidelity investments could make a last-minute entry into the market. Description The race for spot Bitcoin exchange-traded funds (ETFs) has intensified as two investment firms recently filed applications, following BlackRock’s move to seek approval for its spot Bitcoin ETF on June 15. BlackRock leads other firms in filing their spot Bitcoin ETF application WisdomTree, an asset management fund based in New York, is the latest firm … Read more The race for spot Bitcoin exchange-traded funds (ETFs) has intensified as two investment firms recently filed applications, following BlackRock’s move to seek approval for its spot Bitcoin ETF on June 15. BlackRock leads other firms in filing their spot Bitcoin ETF application WisdomTree, an asset management fund based in New York, is the latest firm to file a new application for a spot Bitcoin ETF. In a filing to the United States Securities and Exchange Commission (SEC) on June 21, WisdomTree requested permission to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker symbol “BTCW.” This…

TL;DR Breakdown The crypto market appears to shake off the last 2 weeks of the intense SEC industry crackdown with Binance and Coinbase. Bitcoin surges close to $30k on the back of BlackRock’s BTC ETF Filing. Chinese economic foretell of BTC falling close to Zero stands as a failed market prediction Description The crypto market has risen up from the ashes of the SEC market crackdown like a phoenix. According to market reports, the crypto market cap rose 5% as sentiment rose on the back of two institutional bitcoin plays in the past week. Bitcoin price is up on June 21, reaching a 15-day high at $$ … Read more The crypto market has risen up from the ashes of the SEC market crackdown like a phoenix. According to market reports, the crypto market cap rose 5% as sentiment rose on the back of two institutional bitcoin plays in the past week. Bitcoin price is up on June 21, reaching a 15-day high at $$ 29,086. Contents hide 1 Crypto shakes of the negative weekend effect 2 BlackRock ETF filing…

TL;DR Breakdown The Chapter 11 plan was submitted to the Houston Division of the Southern District of Texas Bankruptcy Court. With this strategy, Core Scientific has communicated its vision for the future of the business and its goal to reach a mutual understanding with all significant stakeholders. According to the bankruptcy plan, creditors who have valid claims against the debtor-in-possession will be paid in full. The Chapter 11 bankruptcy plan, at its core, provides a roadmap for how the business intends to restructure and pay off its debts. Description Core Scientific, a Bitcoin mining company facing serious difficulties due to the current bankruptcy procedures, has taken a decisive step to ensure its long-term viability. The company has recently filed for Chapter 11 bankruptcy protection in order to demonstrate its commitment to reorganizing its business and pleasing its creditors. The Chapter 11 plan was submitted … Read more Core Scientific, a Bitcoin mining company facing serious difficulties due to the current bankruptcy procedures, has taken a decisive step to ensure its long-term viability. The company has recently filed for Chapter 11…

TL;DR Breakdown Ava Labs has deployed OpenAI’s ChatGPT technology on its platform. The platform targets enhancement with the AI-powered Chatbot. Description Ava Labs, the company behind the Avalanche network, has unveiled AvaGPT, a new addition to the growing number of blockchain companies adopting OpenAI’s ChatGPT technology. This move aims to provide quick answers to general questions from Avalanche users while still allowing access to the support team. Ava Labs enters collaboration with Kapa AI AvaGPT was … Read more Ava Labs, the company behind the Avalanche network, has unveiled AvaGPT, a new addition to the growing number of blockchain companies adopting OpenAI’s ChatGPT technology. This move aims to provide quick answers to general questions from Avalanche users while still allowing access to the support team. Ava Labs enters collaboration with Kapa AI AvaGPT was developed in collaboration with Kapa AI, a ChatGPT service provider, and integrated into the Ava Labs Core platform. The creation of AvaGPT was led by the Ava Labs support team and engineers, ensuring that it is trained exclusively on Avalanche documentation. Users can still rely on…

TL;DR Breakdown Fallout from the Atomic Wallet hack continues as stolen XRP tokens reappear and flow through major crypto exchanges. Expert team from Xrplorer tracks the stolen tokens, revealing hackers’ use of elaborate money laundering techniques to cover their tracks. Additional updates indicate hackers are cycling through exchanges to offload the stolen funds while authorities intensify efforts to bring them to justice. Description In the aftermath of the infamous Atomic Wallet hack, the repercussions persist as millions of stolen XRP tokens resurface, finding their way into major cryptocurrency exchanges. The incident, which occurred in early June and was allegedly carried out by the notorious North Korean group Lazarus, left a trail of despair among crypto enthusiasts. Recently, a … Read more In the aftermath of the infamous Atomic Wallet hack, the repercussions persist as millions of stolen XRP tokens resurface, finding their way into major cryptocurrency exchanges. The incident, which occurred in early June and was allegedly carried out by the notorious North Korean group Lazarus, left a trail of despair among crypto enthusiasts. Recently, a team of experts from…