Gary Gensler – chairman of the Securities and Exchange Commission (SEC) – said on Monday that crypto markets are, ironically, not decentralized. The chairman argued that there is significant market dominance among a few “intermediaries” in the industry, which is stifling competition. Centralization in Financial Markets According to the chairman’s prepared remarks at the Securities...Read More
The thorough analysis and several investigations that the US Securities and Exchange Commission (SEC) has launched on notorious crypto-related entities seem to be working out for the industry so far. 60% of the respondents in a recent survey said they are more likely to enter the digital asset ecosystem after seeing how the regulator interacted...Read More
The Tel Aviv Stock Exchange (TASE) – Israel’s sole equity and debt marketplace – now plans to establish a blockchain and digital asset-based trading platform. The exchange will focus on the development of distributed ledger and smart contract technologies while creating various types of tokenized digital assets. Focusing on Future Tech Tel Aviv’s blockchain-related plans...Read More
The cryptocurrency platform FTX will distribute approximately $6 million to reimburse victims affected by a recent phishing attack. CEO Sam Bankman-Fried revealed this is a one-off decision, underlining that the company will not compensate such customers in the future. Only This Time Last week, hackers targeted several FTX users and drained $1.26M worth of cryptocurrencies....Read More
XRP, the native token of Ripple Labs, seems to bring some bullish vibes to Ripple’s community as it prepares for a fresh upward rally to $0.5. Payment giant Ripple is also on the verge of winning the lawsuit against the US regulator Securities and Exchange Commission (SEC) as Stuart Alderoty, Ripple’s advocate, confirmed that the...Read More
Binance is on the verge of uncovering the hacker(s) behind the $570 million exploit on its cross-chain bridge, BSC Token Hub, earlier this month. In a recent interview with CNBC’s ‘Squawk Box Europe,’ Binance CEO Changpeng “CZ” Zhao said the firm had received substantial tips from law enforcement authorities to identify the hacker(s) that drained...Read More
[PRESS RELEASE – Stockholm, Sweden, 24th October 2022] Planet IX, the biggest P&E & NFT project on Polygon, has entered into a strategic merger with a disruptive 3D art & gaming studio – ArcadeNFT. As part of the collaboration, Planet IX will be able to incorporate a much sought-after smart contract developed by ArcadeNFT. In...Read More
Last week, Mango Markets lost $115 million worth of crypto due to a “profitable trading strategy” employed by Avraham Eisenberg and his team. While technically an exploit of the Mango Markets platform, no hacking was used in the operation, which, so far, seems to have been strictly legal. Eisenberg went on to pay back $67...Read More
The Cardano price previously flashed the possibility of a notable plunge below the crucial support at around $0.3. However, the asset has made an interim bounce to ignite a ‘u-shape- recovery to reclaim the levels around $0.385 before the end of the monthly trade. However, the ADA price may rise finely but a massive bearish...Read More
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest reward relative to hash power applied in history, which has put the industry under extreme income stress. As revealed by the blockchain intelligence platform, Glassnode,...Read More
The current bear market has rattled the digital asset industry to the core. A lesser-known crypto-staking platform, Freeway, is the latest to halt withdrawal services citing volatility in foreign exchange as well as cryptocurrency markets in recent times. “Freeway has therefore decided to diversify its asset base to manage exposure to future market fluctuations and...Read More
[PRESS RELEASE – Please Read Disclaimer] • Pexpay, an international cryptocurrency exchange offering 0 fee P2P (Peer-To-Peer) trading, has released its Spot and Futures market in Q3 2022.• These features came after steady growth in Pexpay’s P2P trading user and volume, targeting major markets such as USD, EUR, CNY and RUB.• Recently secured partnership with...Read More
Binance has been selling its USDC reserves and converting them into its own stablecoin, BUSD. On Oct. 23, The Block’s Frank Chaparro noticed the supply shift as the amount of BUSD topped $20 billion for the first time ever. Its supply currently stands at an all-time high of $21.7 billion, according to CoinGecko. This represents...Read More
A series of enabling factors places India at the forefront of global Web3 transformation, said a report by Nasscom, a no-profit apex body of the $227-billion Indian tech industry. It identifies the rapid adoption of new technologies, vast talent pool, and robust startup ecosystem as the key drivers of the nation’s push for a key...Read More
