Shanghai-based cryptocurrency exchange – Hotbit – announced its decision to stop all its operations starting May 22. The team behind the platform believes centralized exchanges are “becoming increasingly cumbersome.” It further added that the highly complex and interconnected businesses are difficult to comply with, whether for compliance or decentralization and are “unlikely to meet long-term...Read More
The Digital Currency Group (DCG) has been dealing with financial turmoil for several months now. Mostly, its financial issues are due to the liquidity crisis that one of its owned companies, Genesis, is facing. Internal and External Disputes Although the financial problems of the DCG Group primarily boil down to the predicament Genesis is in,...Read More
Global financial markets are anxious about potential fallout from a US debt default. Meanwhile, Bitcoin, the leading cryptocurrency, remains steady, maintaining momentum around $27K, creating ambiguity about its next steps amid economic turmoil. As talks remain at a standstill over raising the US government’s $31.4 trillion debt ceiling, stirring financial market jitters, some analysts are...Read More
Ethereum co-founder Vitalik Buterin has warned against ‘”overloading” Ethereum’s social consensus – which, if discouraged or resisted – could bring “high systemic risks to the ecosystem.” While admitting the “natural urge” to try to extend the Ethereum blockchain’s core functionality, Buterin added that such actions could end up making the consensus layer more fragile. Risks...Read More
Today- May 22 – is the 13th anniversary of Bitcoin Pizza Day, a historic event that marked the first time BTC was publicly used as a medium of exchange. On 22 May 2010, Laszlo Hanyecz, a programmer and early Bitcoin adopter, forever etched his name in history by purchasing two Papa John’s pizzas for 10,000...Read More
[PRESS RELEASE – Seattle, USA / Washington, May 22nd, 2023] LOVESNOOPY, a meme coin inspired by the beloved original dog character Snoopy, has announced the burning of 65% of its total supply on May 21st, which, when combined with previous burns, amounts to 85.0246% tokens burned. The current price of $0.00000005928, the market capitalization of LOVESNOOPY...Read More
Although typically regarded as a volatile asset with major price fluctuations, bitcoin has been stuck in a tight range for the past several days. However, all that could change in the following days, at least according to similar historical developments. Aside from a price dive on May 12 to a two-month low, BTC’s recent performance...Read More
Bitcoin and Ethereum, the two largest cryptocurrencies, are showing signs of future price increases, according to a report by Santiment, an on-chain data vendor. The report states that investors are actively withdrawing their Bitcoin and Ethereum holdings from crypto exchanges and moving them to secure cold storage wallets. This trend suggests that investors are becoming...Read More
Speaking at the final day of the G7 summit in Japan, U.S. President Joe Biden addressed ongoing debt default talks saying he would not back a deal that supports tax cheats and crypto traders. “I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at...Read More
[PRESS RELEASE – Braga, Portugal, May 22nd, 2023] MetaStudio, a renowned Portuguese game studio, has announced a new partnership with Immutable, a leading Ethereum Layer 2 scaling solution provider aimed at transforming the gaming metaverse. MetaStudio has been recognized for its innovative games and games-as-a-service offerings, along with its unique non-fungible token (NFT), Rune Realms,...Read More
The Securities Commission Malaysia (SC) has reportedly accused Huobi of running a cryptocurrency exchange without the necessary authorization. As such, the watchdog urged the company to disable its website and mobile application in the country. Huobi On Target As reported by The Malaysian Reserve, the SC has alleged that Huobi and its CEO – Leon Li...Read More
Detailed in this update, you’ll also find a breakdown of the upcoming operations and changes surrounding BitMEX Hong Kong, and what these will mean for our users. You’ll also find a FAQ at the bottom, created to answer any other questions that might arise. For context, the introduction of BitMEX Hong Kong was prompted by...Read More
Popular crypto mixer Tornado Cash lost total control of its governance to an attacker who deployed a malicious contract to access thousands of votes. The incident was first detected by @samczsun, a researcher at web3-focused investment firm Paradigm, over the weekend. According to samczsun’s tweet, the attacker claimed to have used the same logic as...Read More
Months after the Securities and Exchange Commission charged eight people allegedly involved with orchestrating the $45 million CoinDeal scam, the Department of Justice has gone after another party. A 57-year-old resident of Las Vegas, Bryan Lee, was charged with conspiring with the main culprit believed to be behind the scam that defrauded over 10,000 investors....Read More
RNDR has arrived at BitMEX via a new listing – RNDRUSD, with up to 50x leverage, giving this new contract one of the highest max position sizes in the industry. What is RNDR? RNDR is the utility token of The Render Network – a provider of decentralized GPU based rendering solutions. It is an ERC-20...Read More
