Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Bybit Considering Leaving the UK’s Market Due to Regulatory Pressure
Reading Time: < 1 minuteThe CEO of Bybit, Ben Zhou, has noted that the company may be forced to leave the British market.
SWIFT’s CBDC Interoperability Pilot is Joined by Additional Central Banks
Reading Time: < 1 minuteSWIFT has connected the central banks of three countries to the second stage of its pilot testing for the compatibility of traditional systems with CBDC.
Brad Garlinghouse Says US is Worst Country for Crypto Companies
Reading Time: < 1 minuteRipple CEO Brad Garlinghouse has reiterated his earlier claim that crypto companies are facing repressiveness in the US due to the harsh policies of the authorities.
Crypto Exchange Binance Announces $500K in BNB Tokens Donation to Libya Flood Victims
Reading Time: < 1 minuteBinance Charity is donating BNB tokens worth up to $500,000 to Libyan users in aid of their flood recovery.
Lazarus Hackers Might Be Behind CoinEx’s $55 Million Attack
Reading Time: < 1 minuteExperts from SlowMist have surmised that the Lazarus Group may be responsible for the attack on CoinEx.
Gary Gensler: The SEC Seeks to Regulate Crypto
Reading Time: < 1 minuteGary Gensler has stated in a Senate Banking Committee hearing that the majority of cryptocurrencies are regarded as securities and fall under the SEC’s jurisdiction.
PayPal Launches a Service to Convert Crypto into USD
Reading Time: < 1 minutePayPal has announced the launch of a service that will give U.S. residents the ability to exchange cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) for US dollars.
MetaMask Starts Tests of Cross-chain Project Snaps
Reading Time: < 1 minuteMetaMask have begun open beta testing of their Snaps protocol, which expands their non-custodial wallet application beyond EVM networks.
SushiSwap Adds Support for Aptos Network
Reading Time: < 1 minuteDecentralized exchange SushiSwap has just announced it has added support for the Aptos blockchain.
Animoca Brands Attracts $20M for Mocaverse Metaverse
Reading Time: < 1 minuteAn additional round of $20 million in common stock has been raised by Animoca Brands, a Hong Kong based blockchain gaming operator, for the Mocaverse metaverse project.
Cryptocurrency Trading Volume in Spot and Derivatives Markets Declines by More Than 11%
Reading Time: < 1 minuteCCData has observed a decrease in cryptocurrency market participation over the last few months.
Accused of Organizing $27M Crypto Fraud Are Arrested in Thailand
Reading Time: < 1 minuteOver 3,280 victims were deceived by the bchgloballtd.com platform which is suspected of being involved in gold and USDT stablecoin investment frauds.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minuteJPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Thodex Founder Sentenced to 11,196 Years in Prison
Reading Time: < 1 minuteThe founder and former CEO of Turkish crypto exchange Thodex, Faruk Fatih Ozer, was sentenced to 11,196 years in prison in an Anatolia court.
Apple Buys Film Rights to a Book About FTX Former CEO
Reading Time: < 1 minuteApple reportedly paid $5 million for the rights to film a book based on the story of the founder of the now-bankrupt crypto exchange FTX, Sam Bankman-Fried.
A Market Maker Loses $24M Due to Phishing Attack
Reading Time: < 1 minuteOn September 7, a major market maker involved in extensive trading experienced the most dramatic single-person wallet hack to date.
Arthur Hayes Believes Fed is Creating Conditions for Bitcoin to Rise
Reading Time: < 1 minuteArthur Hayes, the former head of BitMEX, has stated his belief that Bitcoin will gain strength due to the capital reallocation out of the US dollar.
Polygon Management Team Says MATIC Was Not Dumped
Reading Time: < 1 minute10.6 million MATIC tokens seemed to have been transferred from two wallets believed to belong to the Polygon Foundation to Binance.
BTC Trading Volume Falls to Lowest Level Since October 2020
Reading Time: < 1 minuteIn August, the trading volume of BTC on centralized platforms fell to its lowest level since October 2020, amounting to $423 billion.
Number of Active Solana Users Falls to Two-year Low
Reading Time: < 1 minuteThe total number of wallets using the Solana network for sending and receiving funds is currently at its lowest mark since autumn 2020, with a recorded drop to 204,000.
Bitcoin Will Reach $150,000: Expert
Reading Time: < 1 minuteRic Edelman, the founder of Edelman Financial Engines, believes that by the summer of 2025, the price of Bitcoin could reach $150,000.
Phishing Scheme Targeting MetaMask Users is Discovered
Reading Time: < 1 minuteMetaMask users must be wary of fraudsters as they are using government URLs from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other countries to deceive them and steal their assets.
USDT Issuer Tether Increases its Investment in US Treasuries
Reading Time: < 1 minuteTether has seen a jump in their investments in US treasury bonds in the last four months, rising up the rankings three places to become the 22nd largest holder of such debt.
Metaverse Market Size Will Reach $800B Next Year
Reading Time: < 1 minuteAccording to METAV.RS, the metaverse industry is projected to reach a capitalization of $800 billion in 2024, which translates to a growth of 1,600% from the current $47 billion.
Outflow from Crypto Funds Slows Down: Report
Reading Time: < 1 minuteFrom August 26 to September 1, the outflow of funds from cryptocurrency investment products fell from $168M (the maximum since March 2023) to $11.2M.
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