Industry News
OKX boosts international presence with Turkey office opening
OKX Expands Its Horizons: Launching in Turkey Amidst Global Growth On Tuesday, the world’s leading cryptocurrency exchange by trading volume, OKX, officially commenced operations in Turkey as part of its broader international growth plans. This strategic expansion into the Turkish market signifies a significant commitment from OKX to cater to the dynamic and promising crypto…
Stablecoins market cap hits $142B, Highest Since the 2022 crypto winter
Stablecoins: The Stalwarts of the Crypto Market Amidst Volatility, Surpassing $142 Billion in Market Cap Stablecoins have been making waves in the crypto ecosystem, witnessing an impressive surge as they recently hit an all-time high of $142 billion in market capitalization. This significant milestone can be attributed to several key developments, with the resurgence of…
ENS settles dispute over eth.link domain after DAO approval
After an extensive and drawn-out legal performance that lasted for 18 months, the ethereum Name Service (ENS) developer has reached a settlement with Manifold Finance regarding the ownership of the highly coveted eth.link domain. The resolution of this dispute, which was recently approved by the ENS decentralized autonomous organization (DAO), involves a $300,000 payment to…
Crypto trader ordered to return excess funds following exchange error
Title: The Cryptocurrency Saga of Kow Seng Chai: A Legal Battle Over a Miscalculated Refund Exceeding $585,000 In the intriguing world of cryptocurrency trading, an unexpected legal performance unfolded when a trader, Kow Seng Chai, found himself in possession of a substantial refund surplus amounting to an astounding $585,000 more than what was rightfully due….
Institutional investors show strong preference for Ether over Bitcoin: Bybit research
In an intriguing development for the cryptocurrency market, a recent study conducted by Bybit Research has shed light on a notable trend among institutional investors. This trend reveals that these investors have shown a distinct preference for ethereum (eth) over bitcoin (btc) in their investment portfolios, making up approximately 80% of their total cryptocurrency investments….
Court approves SEC settlement with Genesis, paving way for $21M agreement
On Monday, Judge Sean Lane granted the Securities and Exchange Commission (SEC) approval for its settlement with Genesis Global Capital LLC in a significant development for the ongoing legal proceedings concerning the bankrupt crypto lender. The agreed-upon terms, which came without opposition during the court hearing, may require Genesis to pay up to $21 million,…
Lord Jacob Rothschild, banking titan and crypto investor, dies at 87
Lord Jacob Rothschild, a towering figure in the financial world and an esteemed member of the renowned Rothschild banking dynasty, passed away at the age of 87. Born into a lineage that has left an indelible mark on the global banking landscape, Rothschild’s illustrious career encompassed various sectors, including investment banking, the arts, and philanthropy….
CBDC Plan Encounters Firm GOP Senatorial Resistance
The Central Bank Digital Currency (CBDC) debate has taken center stage in the political arena, with a coalition of Senate Republicans led by Sen. Ted Cruz taking a firm stance against the expansive powers of the Federal Reserve in its potential launch of a digital currency. This issue is of paramount importance as it sets…
BRICS nations explore creation of new currency unit to counter US Dollar dominance
The BRICS alliance, comprised of Brazil, Russia, India, China, and South Africa, is reportedly delving into the potential development of an alternative currency to challenge the dominance of the US Dollar in international trade. This groundbreaking initiative seeks to promote the use of local currencies amongst BRICS members, thereby reducing their collective dependency on the…
Appellate court upholds fraud conviction of crypto founder Randall Crater
Recent Developments in the Crypto World: The United States Court of Appeals Upholds the Conviction of Randall Crater, Founder of My Big Coin Upholding a Controversial Conviction In an important decision that could set a significant legal precedent in the crypto industry, the United States Court of Appeals for the First Circuit recently upheld the…
Institutions continue to flock to crypto investment products, surpassing $598M in weekly inflows
Institutional Investment in Crypto Remains Robust: A Weekly Analysis The world of institutional investment in cryptocurrencies continues to show remarkable resilience, with the latest report by digital asset manager CoinShares revealing a fourth consecutive week of substantial inflows. According to the Digital Asset Fund Flows Weekly Report, institutional investors collectively infused an impressive $598 million…
OANDA expands its crypto trading services to the United Kingdom
In an exciting development for the crypto industry, OANDA, a prominent US-based cryptocurrency brokerage firm, has announced its entry into the United Kingdom market. The expansion comes through OANDA Crypto, the firm’s newly launched subsidiary, following its acquisition of a majority stake in Coinpass – an FCA-registered company, which paved the way for this development…
Blockchain game Shrapnel cautions its users against manipulation
Shrapnel: Eliminating Unfair Advantage in its Innovative Blockchain-Based Extraction Shooter Game Addressing Unfair Advantage: A Crucial Step Towards Fair Play in Shrapnel Shrapnel, the groundbreaking blockchain-based extraction shooter keyboards, has taken significant strides to ensure a level playing field for all its players. The platform recently identified instances of unscrupulous users employing illegal tactics like…
Bitboy’s recent fight causes a swing in their memecoin’s prices
In an unexpected turn of events, the crypto world was abuzz with an unconventional showdown between two prominent figures: renowned crypto influencer Ben “BitBoy” Armstrong and the enigmatic memecoin developer, More Light. Their face-off, which took place at a crypto influencer “fight night” hosted by Karate Combat in Mexico on February 24, 2023, captured the…
Coinbase reveals the influence of crypto in the Texas elections
Coinbase’s Analysis: Texas Elections and the Importance of Candidates’ Stances on Cryptocurrency In a groundbreaking analysis conducted by Coinbase, a leading U.S.-based cryptocurrency exchange, the significant influence of presidential candidates’ positions on cryptocurrency in swaying political inclinations, particularly in Texas, has come to light. According to Coinbase’s report, Texas is home to a substantial number…
Baldur’s Gate 3 Surpasses Ten Million Players Amidst Mod Support Concerns
The immensely popular role-playing game (RPG), Baldur’s Gate 3, developed by Larian Studios, has seen extraordinary success since its full launch last year. With over ten million players across various platforms, the game has become a significant phenomenon in the gaming community and beyond. Michael Douse, Larian’s head of publishing, shared the remarkable surge from…
MicroStrategy expands Bitcoin holdings with 3K BTC amid rising ETF predictions
MicroStrategy Incorporated, a distinguished business intelligence company based in the United States, has strengthened its position as a major player in the bitcoin market by acquiring an impressive 3,000 Bitcoins for approximately $155.4 million during the period between February 15 and February 25, 2024. This recent purchase underscores MicroStrategy’s unwavering belief in the potential of…
Enshrouded Receives Major Patch, Enhancing Gameplay Experience
Title: Enshrouded’s Second Major Patch: Balancing Gameplay, Performance Enhancements, and a Growing Player Base Enshrouded, the captivating open-world survival RPG developed by Keen Games, has recently released its second major patch. This update brings about substantial balance adjustments to the keyboards, refining various aspects for a more fine-tuned and enjoyable player experience. Rectifying Critical Issues…
FSB targets crypto and AI in global financial stability efforts ahead of G20 meeting
Global Financial Stability: Monitoring Crypto Assets, Tokenization, and Artificial Intelligence In a significant development preceding the Group of 20 (G20) finance ministers’ meeting scheduled in Sao Paulo, Klaas Knot, Chair of the Financial Stability Board (FSB), has underscored the significance of vigilantly monitoring crypto assets, tokenization, and artificial intelligence (AI) for preserving global financial stability….
THQ Nordic Rumored to Remake Nintendo GameCube Classic, “Shrek 2”
Amid the vibrant landscape of gaming rumors, a tantalizing whisper has been making waves within the community. The acclaimed Website video integration keyboards publisher THQ Nordic is reportedly considering the revival of a cherished title, “Shrek 2,” for the Nintendo GameCube. Although the origins of this rumor remain shrouded in anonymity, it has ignited a…