OpenAI business users top 1M, targets premium ChatGPT subscriptions

OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models. 

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Web3 adoptions main issue: Seed phrases wont work for 95% of mainstream users

Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.

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Binance dominates among Chinese crypto users, X provides guidance

A survey of more than 2,000 Chinese speakers shows clear favorites and frequent appeals for supernatural assistance.

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Web3 users hit 10M in Q2, MetaMask to enhance security: Finance Redefined

Consensys integrates Wallet Guard to boost MetaMasks security, aiming to drive user fund losses to zero amid rising Web3 threats.

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Binance marks 7th anniversary with 200M users and new campaign

The milestone takes Web3 closer to reaching its first billion users, according to Binances chief marketing officer.

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Web3 users reached an all-time high of 10M in Q2: DappRadar

The second quarter saw a record number of Web3 unique daily active wallets, but DappRadar cautioned the growth may be due to temporary airdrops.

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Sky Mavis co-founder breaks down Ronins surge in active users

Sky Mavis co-founder Jeffrey Zirlin believes that Ronin has a dedicated and resilient community that has been built since the launch of Axie Infinity.

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KuCoin VAT charge raises concerns among Nigerian crypto community

The approving authority behind this taxation remains unclear, whether its the Nigerian government or an agency like the Federal Inland Revenue Service (FIRS).

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Gaming blockchain Ronin records 2M daily active users: Token Terminal

Ronin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.

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Crypto holders predicted to triple by 2026, says Lunu CEO

The current 560 million crypto holders could triple in number during the next two years, but user experience remains the biggest challenge.

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Bitget reports $700M capital inflow in Q2, adds 2.9M users

The exchange reported that its BTC, USDT and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter.

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Hamster Kombat destined for Guinness World Record?

Hamster Kombat claims to be the third-fastest app in history to reach 150 million users. Heres what you need to know about the viral Telegram-based game.

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Enforcement of South Korean virtual assets law prescribed in decree

The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.

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Microsoft and Apple could be fined 10% of their annual revenue by the EU

The European Union has accused Microsoft of antitrust violations related to bundling the video conferencing app Teams within its Office suite. These allegations mark the first such charges against Microsoft in over a decade. The case raises questions about whether the company gained an undue advantage by integrating Teams into its popular productivity software. The [...]

The post Microsoft and Apple could be fined 10% of their annual revenue by the EU appeared first on Crypto Breaking News.

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Bitpanda Reaches 5 Million Users, Targets Further Expansion

Bitpanda,the Vienna-based cryptocurrency broker and fintech unicorn, announced Tuesdaythat its user base has surpassed 5 million retail investors. The milestonecomes after a significant growth period in Q2 2024, when the number of retailtraders grew by 25%yes, .

Bitpanda's User BaseSurges to 5 Million as Crypto Interest Grows

Aftertaking five years to reach its first million users, Bitpanda has added anothermillion in just the past 12 months, reflecting surging interest in digitalasset trading across Europe. The record-high Bitcoin (BTC) prices achieved inMarch and sustained throughout the second quarter also had an impact.

"Wehave the right products, a proven history of working with regulators, andimmense trust from our users and partners," said LukasEnzersdorfer-Konrad, Deputy CEO of Bitpanda. "It took us five years toreach our first million users; we were able to achieve this same feat in thepast 12 months alone."

The expansionfollows a record-setting first quarter for Bitpanda, which reported revenue of $109million. The company has been positioning itself for growth, acquiring newregulatory licenses and launching partnerships with established financialinstitutions like DeutscheBank and N26.

Theplatform recently established a partnership withthe German bank Landesbank Baden-Württemberg (LBBW). Through thiscollaboration, Bitpanda aims to introduce cryptocurrency custody services toLBBW's offerings.

Bitpandahas been operating as a licensed entity in the German cryptocurrency market sincelate 2022, holding independent authorizations in several other Europeancountries, including the UK, Italy, and France.

Move to Middle East

Bitpanda isnow setting its sights on the Middle East, having recently launched operationsin Dubai. Walid BenOthman, Managing Director of Bitpanda MENA, expressedoptimism about the region's potential, citing projections that the UAE'sdigital asset market could reach $616.80 million by 2028.

"Witha 25% surge in users over the past 12 months, we are confident in the strengthof the MENA region and aspire to achieve similar success over the nextyear," BenOthman stated.

Bitpanda isapproaching its 10th anniversary and, according to its representatives, lookspositively towards the future. However, after very good initial months of 2024,the cryptocurrency market is showing signs of overheating, and the price of BTChas fallen this week to nearly two-month lows. Since the beginning of June,Bitcoin has lost about 10%.

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Mt. Gox trustee to start Bitcoin, Bitcoin Cash repayments in July

After a decade of anticipation, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange.

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Solana Records New Monthly User High Amidst Persistent Price Drop

Solana (SOL) has had a turbulent time lately evident with a consistent decline in its market price. According to data from CoinMarketCap, the Ethereum Killer is down by 6.36% on its weekly chart, emerging as the biggest loser among the top 10 tokens.  Interestingly, this price dip depicts the larger negative performance of SOL in which it has lost 24.61% of its value in the last month. However, amidst this mayhem, the Solana network has hit a significant milestone which may spark some excitement for investors. Related Reading: Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder Solana Records All-Time High Of 30 Million Monthly Users In an enthralling development for SOL enthusiasts, data from blockchain analytics platform Artemis shows the network has attained a new peak of 30 million active addresses (users). This development was shared on X on Friday by the data analysis handle SolanaFloor.   After reaching the 25 million mark in 2022, the  Solana blockchain experienced a steep decline in monthly active users going as low as 5 million in 2023. However, the smart contract platform has appeared rather attractive in 2024 with a steady rise in monthly users throughout the year so far.  In the crypto ecosystem, the importance of growth in network users stems mainly from an indication of growing market confidence from investors, which is quite vital considering SOL’s current price dip.  For the fifth largest cryptocurrency, this rise in the active addresses is likely due to the current hype around Solana meme coins – a $5.65 billion ecosystem that has provided investors with an avenue of recording insane trading profits.  In addition, an increase in network users can also translate into larger liquidity, more stable network security, and the development of more use cases, all of which are important features in attracting further investment and boosting a tokens value. Related Reading: Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know What’s Next For SOL? At the time of writing, SOL trades at $133.36 following a 0.34% decline in the last day. Furthermore, the tokens daily trading volume is down by 6.81% and valued at t $2.19 billion. For Solana, the bulls face strong resistance at the $151 price zone. If the buying pressure proves sufficient to push through this region. SOL could return as high as $190 over the next few weeks. However, a rejection at this zone could result in a further decline in the tokens price reaching as low as $120. All traders are reminded to perform due diligence before engaging with the cryptocurrency market. Featured image from The Independent, chart from Tradingview

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Is OnePlus Getting Into Crypto? In a blockchain survey, the company asks users about their cryptocurrency investments.

OnePlus Getting Into Crypto, a Chinese smartphone manufacturer may be considering entering the cryptocurrency market. The firm was recently discovered conducting a blockchain research poll aimed at gathering consumer input on cryptocurrencies. Users are being asked if they have utilized trading services such as BuyUcoin. The news was first reported by MySmartPrice, and the poll…

BuyUcoin Blog | By Anubha Singh

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Binance Reaches 200 Million Users amid Crypto Market Surge

Binance,the world's leading digital asset exchange, has reached 200 million users. Thismilestone comes alongside another notable achievement this year: the platformnow holds $100 billion in user assets under custody.

Binance Achieves Milestoneof 200 Million Users

The 200million user mark represents a substantial portion of the global cryptocurrencyuser base, with Binance users accounting for approximately 36% of the total.This rapid growth has been particularly evident in recent years, with theexchange adding 40 million users in 2023 alone and a further 30 million in thefirst half of 2024.

Binancecelebrated this milestone across its social media channels, framing theachievement as a step towards its ambitious goal of onboarding one billionusers, or one in every eight people on Earth. The company expressed gratitudetowards its users, acknowledging their support as the driving force behind itssuccess.

Today, wecelebrate 200 million and it's all because of YOU! Your support is theheartbeat of our journey to 1 billion users. Here's to the stars of our story you, the company commented.

Today, we celebrate 200 million and it's all because of YOU!Your support is the heartbeat of our journey to 1 billion users.Here's to the stars of our story you!#Binance200M #Binancian #Binance pic.twitter.com/3cWTEHxg7j

Theexchange's growth trajectory suggests it could reach 300 million users by 2026,assuming current trends in the company and the industry persist. Thisprojection is bolstered by the increasing global adoption of cryptocurrencies,with the total number of cryptocurrency users worldwide reaching 562 million in2024, up from 420 million in the previous year.

Over $100 Billion inAssets under Custody

Binance's$100 billion in user assets under custody, reported earlier this year, equatesto an average of approximately $500 per user. This figure underscores users'growing trust and confidence in the platform despite the legal challenges facedby its founder and former CEO, Changpeng "CZ" Zhao.

CZ iscurrently serving a four-month sentence on fraud charges in a minimum-securityfacility in California. Reports suggest that he is remorseful for his actionsand is cooperating with authorities. Despite these legal issues, Binancehas emerged relatively unscathed, maintaining its position as theworld's leading cryptocurrency exchange.

Last week,Finance Magnates reported on two updates regarding Binance. The first discussed the reintroduction of Mastercard payments for crypto purchases. Thisstep came after Mastercard paused this service in August 2023 due to legalchallenges facing Binance in the US. In the second update, Binance sought todismiss a large portion of a London lawsuit, valued at up to 10 billion pounds($12.8 billion), over allegations of collusion to "delist" theBitcoin Satoshi Vision (BSV) cryptocurrency.

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Stripe Launches Stablecoin Accounts in 100+ Countries for Global Users

On the cutting edge of innovation in the financial world, Stripe has just made a groundbreaking announcement regarding stablecoin financial accounts. This move is set to revolutionize the way individuals and businesses interact with digital assets. Stripe, a leading online payment processing platform, has revealed its plan to offer stablecoin financial accounts to its users. [...]

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