Very unusual activity was noticed on several wallet addresses that were linked with FTX on November 11. It was discovered that multiple addresses linked with FTX were involved in transferring crypto. The most shocking part was that the transfers were being made without any official notice. Millions Transferred Without Notice Multiple data monitoring firms reported…
The latest reports suggest that FTX, the cryptocurrency exchange that is financially troubled has brought its website back online. FTX Makes an Alarming Announcement Just as the financial crisis of the FTX exchange began, it reportedly started facing intermittent downtimes. The recent downtime lingered on for a longer period. However, as the website has come…
The officials at two major stablecoin issuers have made major announcements for the entire crypto-verse. Paxos and Circle, two major issuers of stablecoins have announced they have regulatory approval in Singapore. Paxos and Circle Gain Regulatory Approvals As per the officials from Paxos and Circle, they have now operating licenses in Singapore. The Monetary Authority…
In recent years, Polygon has tried its best to form several partnerships in order to make high-profile partners. So far, Polygon has succeeded in doing so, and now, it has a list of strong partners. The list of strong and high-profile partners includes Robinhood, Starbucks, and Disney. Polygon even went on to form a very…
Skyward Finance has reportedly suffered a major exploit that has resulted in the platform losing an estimated $3 million. Skyward is a major platform, which is prominently known for its initial DEX offering (IDO). Skyward Finance Exploited The IDO known for carrying out a fair distribution of tokens through the Near Protocol has suffered a…
Deribit, a major cryptocurrency exchange dealing in derivatives has recently halted the withdrawals feature for users. It is a highly concerning matter for the entire cryptocurrency community, especially the ones who are users of the exchange. Announcement by Deribit On November 1, the officials at Deribit made an announcement that they had halted the withdrawal…
The crypto market is full of larger-than-life cryptocurrencies that promise their investors significantly more than what the product or service could reasonably provide. Some companies have even been able to get their ads on the super bowl. However, most crypto companies that manage to reach this level of success that is simply not sustainable for…
Hungary’s Blockchain Coalition and the Thai Fintech Association have partnered up to introduce new blockchain technologies to their respective finance sectors. Both parties signed a Memorandum of Understanding at the first edition of a major Fintech event. According to the Bangkok Post, both parties attended the Thai-Hungarian Fintech Forum. The event aims for both countries…
The month of October has earned itself a new moniker in the crypto space of ‘Hacktober’ and this is for good reason. According to the latest statistics, the crypto exploits in this month and the amount of digital assets that were stolen have broken all previous records. Worrying statistics PeckShield, a blockchain security firm, published…
Even after a blistering start, the popular HUSD stablecoin has failed to meet the aspirations of people, including its major promoter Huobi Global. Huobi has announced that the stablecoin would soon be delisted because it has been unable to keep its price intact which is going down rampantly. HUSD’s Constant Failure Entails Delisting Apparently, the…
It has been a while since when the electronic payment giant Visa Inc. has been overstretching its efforts in adopting blockchain and digital currencies. In its recent initiatives, Visa has filed two separate applications before the trademark authority namely United States Patent & Trademark Office (USPTO). One of the attorneys of USPTO, Mike Kondoudis, tweeted…
The National Power Administration in Paraguay has warned that the stability of the power system in the country could suffer due to the growth of illegal bitcoin mining operations. The country is currently experiencing a boom in bitcoin mining, but this has taken a toll on its power system. This is due to the fact…
The crypto market has been struggling since the start of the year, and investors are really looking for a win. While most of the investors who are still in the crypto market are waiting for the long haul, the real challenge is not knowing how long they will have to wait. In a matter of…
The central bank of Kazakhstan is working on developing its own digital currency and it plans to deploy it via BNB chain, which is the blockchain platform of Binance. The chief executive of Binance, Changpeng Zhao was one who announced this decision on social media. Binance is the largest crypto exchange in the world in…
A major mobile phone application known for processing payments has made a major announcement. The application has announced that it has adopted the Lightning Network for the fastest transactions. CashApp’s Major Announcement On October 25, the officials at CashApp announced that they had tapped a partner with Bitcoin Lightning to offer a new utility to…
The Public Opinion University Institute recently completed a poll, which discovered that people in El Salvador are still not too keen on the idea of using Bitcoin as a legal tender. The results of the poll showed that almost two-thirds of the population in El Salvador does not have a positive opinion of Bitcoin. It…
The UK is currently looking like one of the biggest crypto hubs worldwide. With its adoption index slowly growing and more people making transactions now than before, it is becoming very obvious that the UK is well on its way to become the biggest crypto country. However, this unprecedented rise in popularity in the UK…
Fidelity Investments, a major asset management firm responsible for managing $4.5 trillion in funds has shared its plans for future expansion. Fidelity to Bolster its Growing Business According to the officials at Fidelity Investments, they are witnessing a great level of growth with respect to the division of their digital assets. The adoption rate for…
The majority of cryptocurrency investors are glad and love the way the US Securities and Exchange Commission is cracking down on the cryptocurrency industry. The US Securities and Exchange Commission is proving to be very aggressive and strict against cryptocurrency firms and projects. Although the US SEC’s actions are considered very aggressive, the majority of…
Spain, a country in Europe has recently earned itself a major achievement and it is linked with the cryptocurrency industry. The country has earned itself the title of being the third-largest crypto ATM hub. Spain Ranks Third Largest Crypto ATM Hub The network of cryptocurrency ATMs has been expanding throughout the world. However, America and…
On October 17, the trading price of Ripple (XRP) recorded a significant rally that helped recover its value. The trading value of XRP successfully rose over $0.47, which is the 20-day EMA. Bears Pulled XRP As the trading price of XRP went above $0.47, the bulls were determined to push its value further. However, the…
On October 17, the trading value of Ether (ETH) managed to make it into the symmetrical triangle pattern. It was after a while that the trading price of ETH hit a significant value. Bulls Failed to Sustain Bearish Pressure Even though the bulls tried their best to fight the bears at the same level but…
The trading price of the Huobi Token started moving in the upward direction. The price chart shows that the bullish trend was triggered on October 10 and it still continues to gain momentum. Huobi Token’s 101% Surge A look at the price chart shows that within five days, the trading price of the Huobi Token…
As the crypto market continues to struggle with the current bear market, investors are still struggling to keep their investments. Despite a handful of rallies in the past few months, investors are still very skeptical about seeing if the market will be making a comeback any time soon. Although the entire market suddenly rising by…
Kevin O’Leary has recently made a statement in regard to the Stablecoin Transparency Act (STA) that could prove promising for Bitcoin (BTC). Kevin O’Leary’s Statement Kevin O’Leary, who is O’Shares Investment Advisers’ chairman and the star of the reality show “Shark Tank”, has made a supporting statement for Bitcoin. He talked about Bitcoin (BTC) while…
