Industry News
Hope rises for FTX investors with 2024 repayment goal
The law-firm-clash/” target=”_blank” rel=”noopener”>FTX bankruptcy drama that has financially affected more than one million investors may be resolved by the end of 2024. A meeting in Bahamans held by the Joint Official Liquidators recently from FTX Digital disclosed the deposit payout plan. This move is part of a joint effort between the United States and…
Solana DEXs exceed forecasts with a trading boom
trading-milestone/” target=”_blank” rel=”noopener”>Solana blockchain registered a sharp rise in trading worth a great figure, also breaking all the previous records. The revelation in March that total trades reached $60.34 billion gave a clear picture of the explosive increase in trading activities. Against all odds, the Solana cryptocurrency has continued its stellar track record, registering an…
Thailand’s Bitkub targets IPO for expansion and growth
bitcoin–trading-volume-leaps-5000-percent/” target=”_blank” rel=”noopener”>Bitkub Capital Group Holdings, the leading owner of a cryptocurrency exchange in Thailand, says it has a target of listing for the year 2025. Led by CEO Jirayut Srupsrisopa, the strategic move is intended to position Bitkub as a leader and secure funds for continued expansion in the midst of greater competition within…
WEEKLY CRYPTO PRICE ANALYSIS: BTC, ETH, BNB, SOL, XRP, ADA, And DOGE
Weekly crypto price analysis for major tokens such as Bitcoin( BTC), Ethereum (ETH), Binance(BNB), Solana(SOL), XRP, Dogecoin(DOGE), and Cardano(ADA) has seen an impressive surge over the past month showing a promising outlook for the market. However, Most digital assets displayed a sideways trend in the past week, with bears gaining the upper hand in several…
Binance Appoints First Board of Directors
Binance Holdings Ltd. has installed its first board of directors, which signifies a very meaningful occurrence for the cryptocurrency exchange. According to a news/articles/2024-04-01/crypto–exchange-binance-names-its-first-board-of-directors” rel=”nofollow noopener” target=”_blank”>Bloomberg report, the new board has a composition of seven members, combining company functional heads with external specialists to steer it through its operational and regulatory environment. The New…
Tether’s Virtual Comprehensive Audit: A New Security Model
Tether Ltd (the company that manufactures bitcoin/” target=”_blank” rel=”noopener”>Tether, the world’s most popular stablecoin, denominated in USDT), has been able to report a very positive event in its history: after passing the SOC 2 audit, it is now certified. This audit which AICPA with a better understanding of information technology has developed represents the ultimate…
Telegram offers 50% ad revenue share to channel owners
The public channel owners can now get paid by apps-tip-blockchain-adoption/” target=”_blank” rel=”noopener”>Telegram Messenger. The project allows them to receive up to 5 percent of the revenue generated from the adverts on their channels. However, eligibility comes with a condition that the channels’ eligibility criterion is that they should have 1,000 or more subscribers. Pavel Durov,…
Stablecoin giant Tether has increased its Bitcoin portfolio to over 75,000 BTC.
Tether has increased its Bitcoin holding. Having just presented the recent statistics showing that the company has grown its Bitcoin holdings to more than $5 billion due to strategic M&A is a further confirmation of its significant presence in digital assets. Tether’s newest strategy on bitcoin emphasizes the stablecoin’s commitment to supporting its reserves liquidity,…
FTX Bankruptcy Estate Sets Repayment Target by 2024 End
The FTX bankruptcy estate has disclosed plans to commence repayments to customers by the close of 2024, as revealed during a recent meeting of FTX Digital’s Joint Official Liquidators in the Bahamas. This initiative comes as part of the ongoing efforts to address the fallout from the collapse of FTX, which includes the Chapter 11…
UST should’ve crashed way before it did – Here is what actually saved it
Contrary to what many thought, the UST stablecoin was on thin ice long before its epic crash. This was a disaster waiting to happen, held back only by the efforts of a few important players. Before I get into the mechanics of UST’s temporary salvation and eventual downfall, I’m gonna start you guys off with…
Arthur Hayes tips memecoins for massive growth
BitMEX co-founder Arthur Hayes has cautioned traders in the crypto market against labeling memecoins as ‘stupid’. Memecoins have been a subject of ridicule since they gained widespread attention in the market. According to some market participants, the assets do not provide a net positive for the blockchains that house them. Arthur Hayes backs memecoins’ growth…
Australia’s crypto sector set for a significant growth
The cryptocurrency industry in Australia is currently at a very delicate point where regulators and lawmakers need to make decisions that will improve the sector. Kraken Australia CEO Jonathan Miller shared insights into this, among other things in the crypto market. Kraken Australia CEO shares insights into the crypto market Speaking at a recent interview,…
Prisma Finance hacker demands apology before returning stolen funds
Prisma Finance, a prominent player in the decentralized finance (DeFi) space, is currently navigating the aftermath of an $11.6 million exploit that occurred last week. This incident has left $540,000 in funds from certain accounts yet to revoke the smart contract responsible for the exploit. Prisma Finance hacker gives conditions to return funds Adding to…
Chainage set to raise $13 million amid expansion plans
Decentralized Finance protocol Chainage has announced that it will raise $13 million to expand its protocol. The platform, boasting a TVL of around $100 million needs the approval of tokenholders on its decentralized autonomous organization (DAO) to finalize the plan. Chainage reveals plan to raise $13 million According to its snapshot on April 1, an…
Musk’s satirical strike against corporate DEI on April Fools Day policies sparks debate
In a blend of humor and pointed social commentary that took the Internet by storm, just like every past April 1st, Elon Musk, the CEO of Tesla, SpaceX, and an owner of the social media platform X, has again grabbed the Internet’s attention with an April Fool’s Day prank. The cryptocurrency community and others have…
Tron challenges SEC in legal battle over TRX and BTT
On the other hand, the tron blockchain is placed under the same problem as the SEC, which has filed charges against tron (TRX) and BitTorrent (BTT) tokens over their regulatory status, which has been defied by the SEC. tron challenged the authority of the SEC not only by stating that the SEC’s regulatory reach does…
Tekken 8 Players Rally for Waffle House Stage
Over the weekend, the fighting game community has been smoldering a raging campaign demanding the return of the dollar-general/” target=”_blank” rel=”noopener”>Waffle House stage to the upcoming Tekken 8 directed by Katsuhiro Harada who is famous for creating Tekken franchise. The modest request, a Twitter user’s initial post, quickly grew into a global movement, and thus…
Robinhood aims to reach a wider audience
So get this. Robinhood isn’t just playing around with stocks and crypto anymore. Oh no, no. With the recent unveiling of its first-ever credit card, including a version that screams opulence with its solid gold façade, Vlad Tenev, the CEO of Robinhood, is signaling a jump into some wild, uncharted territories. The guy is dead…
There is a huge institutional appetite for crypto investment
Once upon a time, not too long ago, the thought of top financial giants like Goldman Sachs, JPMorgan, and BlackRock getting cozy with cryptocurrency was practically laughable, wasn’t it, my dudes? Well fast forward to today, and it is the new normal. These giants, who once turned their noses up at Bitcoin and its weird…
Crypto watchlist: Key U.S. data to watch out for this week
Hold onto your hats, folks, because this week, the crypto markets are riding the roller coaster of U.S. economic updates with all the enthusiasm of a kid in a candy store. We’re not just talking about any old week; we’re diving into a whirlwind of data points and speeches that could make or break your…