Raiffeisen Bank International (RBI), through its venture capital arm Elevator Ventures, invested millions of euros in Blockpit, an Austrian startup specializing in crypto asset taxation. Blockpit, headquartered in Linz and led by CEO Florian Wimmer, recently announced it had achieved profitability in 2024, making it an attractive target for investors seeking to capitalize on the…
The South Korean crypto exchange Bithumb has overcome a key legal hurdle as it steps up its efforts to become the first platform in the nation to launch an IPO. Per a report from the South Korean media outlet Business Post, the Supreme Court has ruled against the prosecution in a long-running fraud case involving…
Things are not looking good for the Solana (SOL) price right now, in wake of a weak debut of a new Solana futures product on the CME and as SOL continues to trend lower. Last around $124, the Solana price remains in a clear downtrend from the record highs it hit in January near $300,…
EOS Network announced on March 18 that it will rebrand as Vaulta, marking a strategic shift toward web3 banking as it seeks to integrate decentralized technology with traditional financial systems. The transition, which includes a token swap, is scheduled for late May 2025, pending confirmation. The move represents years of development aimed at leveraging Bitcoin’s…
Key Takeaways: The U.S. Treasury’s stance favours strict oversight rather than embracing blockchain’s built-in transparency, risking innovation before it can fully develop. While the government targets Tornado Cash to stop criminals like the Lazarus Group, critics argue that traditional banks are still widely used for money laundering. If working on open-source projects could lead to…
Key Takeaways: New funds boost Crossmint’s expansion into seamless blockchain-powered digital transactions. The platform integrates token and wallet tools without requiring blockchain experts. Leading brands adopt the solution to simplify secure digital finance. Efforts extend to AI-driven methods for routine digital transactions. Crossmint secured $23.6 million in a funding round led by Ribbit Capital, announced…
The Solana Foundation has removed an advertisement from its official X account following criticism over its political messaging on gender identity. The ad, posted on March 17 to promote the Solana Accelerate conference, attracted negative commentary from the crypto community for its references to gender and pronouns. Solana Co-founder Disapproves of the Campaign The video…
The recent security breach for around $1.5 billion at Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sent ripples through the digital asset community. With $20 billion in customer assets under custody, Bybit faced a significant challenge when an attacker exploited security controls during a routine transfer from an offline “cold” wallet to a…
Spark has announced that BlackRock, Superstate, and Centrifuge are the winners of its Tokenization Grand Prix. The goal is to allocate $1 billion in tokenized assets, with BlackRock’s BUIDL fund set to receive half of it. The competition, launched in July 2024, allocated funds through the Spark Liquidity Layer (SLL). The initiative aimed to integrate…
Strategy announced plans to issue 5,000,000 shares of its Series A Perpetual Strife Preferred Stock to expand its Bitcoin holdings under prevailing market conditions. The public offering, registered under the Securities Act of 1933, follows the company’s broader strategy of leveraging equity markets to bolster its Bitcoin reserves. Strategy intends to use the net proceeds…