The Solana blockchain community has voiced concerns about Coinbase, citing prolonged transaction delays for the network. On social media platform X, screenshots shared by several Solana users revealed that transactions on the blockchain took up to 45 minutes to process. This delay was significantly longer than that of networks like…
Banks are experiencing a significant decline in foreign exchange and rates trading revenue, while stablecoins are gaining traction as an alternative for cross-border transactions. Global banks are on track to report the lowest FX and rate trading revenue since before the pandemic, with projections showing a 17% year-on-year slump and…
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The Open Network (TON) has unveiled a trustless cross-chain bridge designed to integrate Bitcoin liquidity into its ecosystem. Named TON Teleport BTC, the bridge aims to harness Bitcoin’s foundational principles to enhance connectivity and utility within the TON ecosystem and the Telegram audience. TON Teleport BTC enables Bitcoin to function…
The crypto industry experienced its second-lowest monthly losses this month, November 2024, with $71 million lost across 26 incidents, according to blockchain security firm Immunefi. This marked a significant improvement compared to November 2023, which recorded $343 million in losses, representing a 79% year-over-year drop and a 4% decrease month-over-month.…
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A former senior executive at Binance has accused the company of retaliatory dismissal after she raised concerns about an alleged bribery scheme involving a colleague, Bloomberg News reported on Nov. 28. Amrita Srivastava, a London-based executive who worked remotely on Binance’s Link platform, testified that she was dismissed after reporting…
Hong Kong is moving to solidify its status as a financial and crypto hub by proposing tax exemptions for hedge funds, private equity funds, and high-net-worth family offices, the Financial Times reported on Nov. 28. The proposal, outlined in a 20-page government document, aims to bolster the city’s appeal to…
The Trump administration is planning to expand the Commodity Futures Trading Commission’s (CFTC) authority to oversee significant portions of the $3 trillion digital asset market, Fox Business reported on Nov. 28. The move would mark a pivotal shift in US crypto regulation, aiming to replace the current enforcement-heavy approach with…
Euro Coin EURC (24h) $1.05439 +0.12% Euro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC), a trusted dollar digital currency with more than $54 billion in circulation.1 Designed for stability, Euro Coin is 100% backed by euros held in euro-denominated banking accounts so…