The decentralized exchange THORSwap, based on ThorChain, has paused all trading activity after suspicious transactions were detected on the platform. These transactions were linked to the FTX hackers who had stolen $600 million from FTX shortly after the exchange filed for bankruptcy. Following an evaluation of the situation and consultation with advisors, legal counsel, and […]
Circle Ventures has joined a consortium of notable investors in the Burnt and XION blockchain ecosystem, a testament to XION’s potential and innovation. This collaboration highlights the commitment to advancing blockchain technology and its widespread adoption. XION Blockchain stands out for its integration of USDC, its modular account abstraction layer, and its dedication to security […]
The Securities and Futures Commission (SFC) of Hong Kong has teamed up with the Hong Kong Police Force (HKPF) to form a working group that aims to combat illegal activities on virtual asset trading platforms (VATPs). The group is composed of representatives from the SFC’s Enforcement Division and Intermediaries Division and HKPF’s Commercial Crime Bureau, […]
The U.S. Commodity Futures Trading Commission (CFTC) has determined that Stephen Ehrlich, a co-founder of Voyager Digital, violated derivatives regulations before the company’s bankruptcy last year. The CFTC’s enforcement division has recommended formally accusing Ehrlich of providing customers with misleading information regarding the safety of their assets. Ehrlich has stated that the anticipated lawsuit “angered […]
The global cryptocurrency market has been struggling with the bearish market, and the stablecoin market is no exception. According to Binance Research, the stablecoin market capitalization has seen a consecutive decline in valuation over the past 18 months, reaching its lowest point since September 2021 at $123.8 billion. Despite the downtrends, two popular stablecoins, Tether […]
The cryptocurrency market saw a lot of important developments this week, with its total capitalization now hovering around $1.14 billion. Bitcoin’s price went through a rollercoaster, trading at around $27,000 last week and then soaring to around $28.5K on Monday. Unfortunately, the bulls were unable to maintain the pressure, and the bears took control, pushing […]
The team at Bitcoin Market Journal has spent the past five years rating and reviewing digital assets. After extensive research, they have now released the results of their scorecard.The scorecard is based on a comprehensive analysis of the digital assets, taking into account factors such as the team behind the asset, the technology, the market, […]
Binance, the world’s leading cryptocurrency exchange, has seen its spot market share decline for the seventh consecutive month. According to data from CCData, the exchange’s spot market share fell from 38.5% in August 2023 to 34.3% in September 2023.The trading volume that Binance lost went to other cryptocurrency exchanges such as HTX (formerly Huobi), OKX, […]
Fineqia International, a digital asset and fintech investment business, has reported a 53% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period. This is 18% higher than the underlying value of digital assets, which grew 45%. In September, total AUM increased 1% to $30.5 billion from $30.2 billion, while the market value […]
Cardano (ADA) co-founder Charles Hoskinson has recently addressed concerns about the success of Hydra, the layer 2 scaling solution for the Cardano blockchain. In a video, Hoskinson explained that measuring the network’s activity by transactions per second (TPS) alone might be misleading, as a single Cardano transaction can encompass multiple outputs. He also revealed that […]
