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Circle, the company behind USDC, pulled $60 million worth of USDC from circulation on the Ethereum network. Activity on the Ethereum network declined, the number of NFT trades on the network also fell. Ethereum [ETH] witnessed a massive surge in…
The crypto industry is inundated with scams and crime. How Asia should be dealing with crime remains to be seen. Across Asia Pacific, criminals are using cryptocurrency to fund increasingly nefarious schemes. While early crime involving digital assets tended to…
Binance Coin exploded above $700 for the first time ever. The native token of the world’s largest cryptocurrency exchange has somewhat been on the sidelines during the 2024 bull run, but has finally managed to emerge as a top performer…
Following the sudden approval of the Ethereum Spot ETF last week, speculations continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in…
Stablecoin issuer Tether Holdings Ltd. has invested $100 million in Bitdeer Technologies Group, a US-listed Bitcoin mining company owned by Chinese billionaire Jihan Wu. On May 30, 2024, Bitdeer sold 18,587,360 Class A ordinary shares to Tether. The company has…
DMM Bitcoin, a crypto exchange based in Japan, reported a significant loss of $305 million following a recent hack. The security breach led to the theft of 4,502.9 Bitcoin (BTC) from the exchange. As a result, BTC price witnessed a…
Ben Zhou, CEO of cryptocurrency exchange Bybit, has addressed circulating rumors about the platform’s hacking and insolvency. He denied all insolvency rumors and shared evidence of Bybit’s financial holdings and crypto assets. Bybit CEO Shares Proof-of-Reserves In a May 23…
In a significant move to bolster network security and refine the incentives for validators, Solana validators have overwhelmingly voted in favor of Solana Improvement Documents (SIMD)-0096. This proposal redirects all transaction priority fees exclusively to validators, a shift from the…
As the cryptocurrency market continues its volatile dance, recent developments have stirred up excitement and speculation among investors. A series of seemingly coordinated actions by major players in the crypto space has sparked rumors of imminent approval for an Ethereum…
Over 80% of the newly listed cryptocurrencies on Binance, the world’s largest digital asset exchange by trading volume, have declined in value. In the past six months, these tokens have plunged in value since listing on the exchange, raising concerns…