Author: James Wilson

Australia’s financial intelligence agency is cracking down on inactive crypto exchanges, warning they could be deregistered to prevent misuse by criminals. The Australian Transaction Reports and Analysis Centre — also known as AUSTRAC — said many crypto exchange providers are no longer operating, yet remain on the official register, and now risk being deregistered if they fail to voluntarily withdraw. In a Tuesday press release, AUSTRAC said there are currently 427 registered crypto exchanges, but AUSTRAC is contacting those that appear to no longer be trading. “Businesses registered with AUSTRAC are required to keep their details up to date; this…

TAO’s price has been on a strong run lately after breaking out of some key bullish patterns, and analysts think it could still climb another 30% from here. Bittensor (TAO) jumped 12% to hit an intraday high of $388 on April 28 before cooling down a bit to around $372 by press time. That’s an 18% gain over the past week, and it’s now up a massive 120% from its monthly low. Its market cap has also exploded, sitting at over $4.32 billion, way up from around $1.95 billion at the start of April. As of April 29, morning Asian…

South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s Power Party announced trading for digital asset spot ETF will be permitted this year. For the first time, traders in the country will be able invest in exchange-traded funds linked to major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Representative Park Soo-min said its about time South Korea allowed for crypto-backed ETFs in the market, considering other countries like…

Coinbase Asset Management is preparing to launch the Coinbase Bitcoin Yield Fund on May 1, offering non-U.S. institutional investors a new way to earn yield on their Bitcoin holdings. As originally reported by Bloomberg, Coinbase Asset Management will launch a new investment product designed to generate yield on Bitcoin (BTC) holdings. The Coinbase Bitcoin Yield Fund will open on May 1, exclusively targeting non-U.S. institutional investors. The strategy behind the fund is based on the practice called “basis trading”, which involves exploiting the price difference between BTC spot price and its perps price. When BTC price is rising, the gap…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s impressive surge in a shaky market has reignited talk of it challenging Ethereum, but rising star Remittix may be the real token to watch. Despite the turbulent market, Solana is quickly attracting the attention of top investors this year. Expert analysts now contemplate if SOL could surpass Ethereum’s market cap by year-end. Meanwhile, a new PayFi breakout star looks primed to surpass Solana’s market cap. A boom in on-chain performance, thriving staking prominence, and robust community backing have…

FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate. The action was announced in an Apr. 28 press release. The complaints, filed in a Delaware bankruptcy court, accuse the two issuers of breaching their contracts by withholding assets that FTX claims are essential to its recovery efforts. FTX said it made repeated attempts to engage with NFT Stars and Delysium before turning to litigation. “We urge token and coin issuers to return assets that…

The DeFi Education Fund, a research and advocacy organization, has petitioned the Trump administration to intervene in the prosecution of Roman Storm, the Tornado Cash co-founder facing criminal charges. According to an April 28 letter directed to White House crypto czar David Sacks, the group urged President Trump to “take immediate action to discontinue the Biden-era Department of Justice’s lawless campaign to criminalize open-source software development.” They argued that Storm’s case is part of a broader overreach that “threatens the very foundation of technological innovation” in the United States. Storm, whom the U.S. Department of Justice charged in August 2023,…

Arizona has made history as the first U.S. state to pass legislation establishing a Strategic Bitcoin Reserve, following a voting session by the state legislature on Apr. 28. Senate Bill 1025 was approved by the Arizona House by a vote of 31 to 25, according to the state legislature’s website. The bill, sponsored by Republican Senator Wendy Rogers, is a daring step toward incorporating cryptocurrency into state-level financial strategy. It permits the state treasury to invest up to 10% of public funds in Bitcoin (BTC). By a vote of 37-19, SB1373, a companion measure, was also approved by the legislature.…

Metamask is teaming up with Mastercard and crypto payments company Baanx to launch a metal payment card that will let users spend crypto straight from their wallets without giving up control. In an Apr. 28 press release, payment card manufacturer CompoSecure announced that it is partnering with MetaMask, Mastercard, and Baanx to launch the MetaMask metal payment card. A global rollout is planned for the second quarter of 2025. The new card will let users pay directly from their self-custody MetaMask wallets at millions of merchants worldwide. Unlike conventional crypto debit cards, there is no need to preload or convert…

The Ethereum Foundation has overhauled its leadership to better separate management and board responsibilities.  The announcement was made in an Apr. 28 blog post. Hsiao-Wei Wang and Tomasz K. Stańczak have been named co-executive directors under the new arrangement. They will work with Bastian Aue and Josh Stark, who are joining the management team with focus areas like organizational strategy and project execution. The management team will handle day-to-day operations and strategic execution, while the board will focus on setting the long-term vision and ensuring compliance.  The board includes four members. Vitalik Buterin, Ethereum’s (ETH) co-founder, will offer “technical and…