Hong Kong Advances to Phase 2 in CBDC Pilot Initiative
The Hong Kong Monetary Authority (HKMA) has officially initiated the second phase of its ambitious e-Hong Kong dollar (e-HKD) pilot program, calling upon industry stakeholders to present potential applications for…
Understanding Tokenization Risks Through DeFi Borrower Behavior: Insights from a BIS Study
The Bank for International Settlements (BIS) has recently shed light on the decentralized finance (DeFi) sector, focusing on the behavior of borrowers and market dynamics. This scrutiny comes at a…
Nigeria requests user data from Binance concerning its top 100 local users
In a significant move that underscores the growing scrutiny of cryptocurrency exchanges worldwide, the Nigerian government is reportedly tightening its oversight on Binance, one of the globe’s leading crypto exchanges.…
Ethereum’s Ascendance and the Dawn of DeFi’s New Era
The unveiling of Blackrock‘s Bitcoin ETF sparked a remarkable surge in Bitcoin’s market capitalization, surpassing the monumental milestone of one trillion dollars. To contextualize this achievement, one need only compare…
Binance Announces Delisting of Multiple TrueUSD Trading Pairs
In a strategic move aimed at streamlining its trading offerings and safeguarding its user base, Binance, a leading cryptocurrency exchange, has declared its intention to remove a selection of trading…
Mike Novogratz Asserts Bitcoin’s Surge Above $50,000 is Here to Stay, Credits Adoption Wave
In the ever-evolving landscape of cryptocurrency, Bitcoin’s recent rally has caught the attention of enthusiasts and investors alike. Mike Novogratz, a renowned crypto billionaire, shares his insights, attributing the robust…
Dogwifhat Secures Prime Spot in Las Vegas as Community Hits Fundraising Goal
The fervor surrounding the red-hot meme coin, Dogwifhat (WIF), has reached new heights as community members successfully raised funds to showcase the token’s mascot – a Shiba Inu sporting a…
Coinbase Shares Experience Slight Decline in After-Hours Trading Following Announcement of $1 Billion Convertible Note Offering
In a strategic move to bolster its financial position, Coinbase, a leading cryptocurrency exchange, has unveiled plans to secure $1 billion through the issuance of senior convertible notes. This financial…
Binance Executives Remain Detained in Abuja Despite Firm’s Withdrawal from Nigeria
Following Binance‘s recent announcement to cease operations in Nigeria, reports have emerged of two senior executives from the cryptocurrency exchange still being detained in Abuja, Nigeria’s capital. Tigran Gambaryan, the…
Global Financial Giants Undertake Extensive Blockchain Pilot Test
Leading global financial institutions, such as Goldman Sachs, BNY Mellon, and Cboe Global Markets, have successfully conducted a comprehensive pilot test employing blockchain technology. A Bloomberg report dated March 12…
Conviction of Bitcoin Fog Founder for Money Laundering Unveiled
In a significant legal development, the founder of the cryptocurrency mixing service Bitcoin Fog was found guilty by a federal jury in Washington on Tuesday for his role in laundering…
Current Bitcoin Rally Sees a Slower Increase in Millionaire Whales, According to Recent Data
The present Bitcoin bull run, buoyed by Wall Street‘s endorsement of eagerly anticipated spot exchange-traded funds (ETFs), continues to generate millionaires, albeit at a pace more gradual than the 2020-2021…
Ubisoft Steps Into Validator Role on XPLA Blockchain
Ubisoft, renowned for its development of blockbuster gaming franchises such as Assassin’s Creed and Far Cry, has expanded its involvement in the digital frontier by becoming a node validator on…
Ethereum’s Dencun Upgrade: A Pivotal Moment Imminent in 48 Hours
The Ethereum network is on the brink of its Dencun upgrade, scheduled for March 13, marking one of the most eagerly awaited hard forks since the landmark Merge event. The…
London Stock Exchange Opens Doors to Bitcoin and Ethereum ETNs
The London Stock Exchange (LSE) is set to broaden its financial horizon by welcoming applications for Bitcoin and Ether exchange-traded notes (ETNs) starting in the second quarter of 2024. This…
The Upcoming Bitcoin Halving: A New Chapter Unfolds
The Bitcoin ecosystem is on the cusp of a pivotal moment, with the forthcoming halving event poised to redefine the supply and demand dynamics more favorably than its predecessors in…
Major Entities Set to Amplify Bitcoin Investments: Insights from Bitwise
Bitwise, a leading crypto-native asset management firm, anticipates a significant surge in Bitcoin investments by entities controlling trillions of dollars in assets. According to a recent investment memo from Matt…
Bitcoin Surpasses $71K, Setting a New Record High
Bitcoin marked a significant milestone on March 11 by reaching a new all-time high of $71,415, following a 2.62% increase in the preceding 24 hours, as reported at 08:05 am…
South Korea Witnesses Crypto Trading Volumes Outpacing Stock Market Amid Bitcoin Rally
The recent surge in Bitcoin prices has reignited the cryptocurrency trading frenzy in South Korea, with transaction volumes on local crypto exchanges surpassing those of the country’s stock market last…
Impersonation on X Platform Leads to $47 Million Stolen by Crypto Phishers in February
In a recent revelation, fraudulent activities on the social media platform X have been identified as the primary culprits behind over 57,000 individuals falling victim to cryptocurrency phishing scams in…