Industry News

HBAR Foundation unveils new UN-backed carbon platform

TL;DR Breakdown In a significant development in blockchain technology and sustainability, the HBAR Foundation, in partnership with the United Nations, Envision Blockchain, and Swirlds Labs, announced the launch of a new digital platform to revolutionize the carbon markets. This announcement on Monday, Dec. 4, 2023, marks a pivotal step in leveraging blockchain technology for environmental […]

Revolutionary Move: UK Lawmakers Demand In-Depth Assessments of CBDC Trials Industry News

Revolutionary Move: UK Lawmakers Demand In-Depth Assessments of CBDC Trials

TLDR The UK House of Commons Treasury Committee has recommended that the Bank of England and HM Treasury conduct further detailed consultations. Significant costs have been incurred in the preliminary stages of exploring a CBDC, prompting the committee to call for greater transparency in reporting these expenses. The committee has expressed concerns about the high


Phoenix Group postpones share listing amid high demand

TL;DR Breakdown Phoenix Group, a prominent cryptocurrency mining firm, is gearing up for its much-anticipated debut on the public market following a highly successful pre-market sale. The company’s initial public offering (IPO), initially scheduled for Dec. 4, 2023, on the Abu Dhabi Securities Exchange (ADX), has been postponed to Dec. 5, 2023. This change comes […]


OpenAI in high-stakes negotiations to retain its workforce

TL;DR Breakdown OpenAI, a leading artificial intelligence research firm, is embroiled in a significant internal crisis. The company’s workforce has threatened mass resignation if former CEO Sam Altman is not reinstated. This development follows a series of tumultuous events, including Altman’s removal and subsequent partnership with Microsoft to lead an advanced AI research team. Employee […]

Industry News

Swan Bitcoin adapts to FinCEN rules, limits crypto-mixing services

TL;DR Breakdown Swan Bitcoin, a notable platform in the Bitcoin services sector, has recently announced a significant shift in its operational policies. The change, driven by the proposed regulations from the United States Financial Crimes Enforcement Network (FinCEN), necessitates the company to take a strict stance against accounts engaged in crypto-mixing. This move highlights the […]

Industry News

Kazakhstan blocks Coinbase in crypto regulation wave

TL;DR Breakdown The Ministry of Culture and Information of Kazakhstan has officially confirmed the blocking of the Coinbase website, intensifying its regulatory grip on the cryptocurrency sector. This action underlines the country’s rigorous enforcement of its new Law on Digital Assets, effective since February 2023, which demands a national license for crypto trading and exchange […]

Industry News

U.S. bankruptcy court greenlights Bittrex’s asset liquidation plan

TL;DR Breakdown Bittrex, the once-popular Seattle-based cryptocurrency exchange, has received the green light to commence its Chapter 11 liquidation plan. The approval from the US Bankruptcy Court for the District of Delaware comes after a meticulous process characterized by multiple hearings, motions, and supplemental plans. However, the path to this clearance wasn’t smooth. The court […]

Industry News

Ark Invest sells Coinbase shares amidst Bitcoin’s bullish rise

TL;DR Breakdown Ark Invest’s Cathie Wood has offloaded shares of Coinbase Global Inc., even as Bitcoin prices surge, touching a high of $34,878.65 recently. This significant 15.2% spike within 24 hours contrasts sharply with Ark Invest’s decision. Specifically, the firm disposed of approximately 42,613 Coinbase shares through its ARK Next Generation Internet ETF and Ark […]

Cryptocurrency News

Coinbase suspends 80 trading pairs to strengthen liquidity

TL;DR Breakdown Coinbase, a major U.S.-based cryptocurrency exchange, is streamlining its operations by suspending 80 non-USD trading pairs. This significant step, announced on October 16, is part of an effort to enhance overall market health by consolidating liquidity. Affected trading pairs span various cryptocurrencies, including Bitcoin and Tether USDT, as well as fiat currencies like […]