While Twitter’s sudden rebranding to X has caught many by surprise, it seems Elon Musk has had a radical transformation for the platform in mind for a while. Here’s what we know about how he plans to change the old “Twitter” – and what it might mean for crypto. Baking In Financial Services In a...Read More
Bahrain-headquartered crypto exchange Rain announced receiving the first Financial Services Permission (FSP) from Abu Dhabi Global Market’s Financial Services Regulatory Authority to operate a virtual assets brokerage and custody service. The license would enable Rain to offer institutional and retail clients in the UAE the ability to buy, sell and store digital assets. The brokerage...Read More
The world’s largest cryptocurrency exchange – Binance – will purportedly launch services on its new platform in Japan next month. The firm pulled out of the Land of the Rising Sun in 2018 after having a major dispute with the local regulators. Binance’s CEO – Changpeng Zhao (CZ) – has supposedly confirmed the news in a...Read More
Dogecoin (DOGE) shot up another 10% on Tuesday on greater excitement surrounding Elon Musk’s rebranding of Twitter to “X”. Tuesday’s rise follows a related post on Musk’s Twitter, where the tech mogul appeared to link X to the famous dog meme. Dogecoin and X Musk reposted a nine-second animated graphic of the platform’s new “X”...Read More
Bitcoin (BTC)’s supply and demand dynamics suggest that the asset could surge as high as $180,000 by April 2024, according to a research note from Fundstrat on Monday. The forecast – which precedes the U.S. central bank’s next meeting – largely rests on a Bitcoin spot ETF being approved in the United States, which the...Read More
US financial trade associations and state banking groups have expressed concerns over the stablecoin bill currently under review in the House of Representatives. The American Bankers Association, the Credit Union National Association, and the Consumer Bankers Association all raised issues over the current state charter option and called for increased federal oversight in addition to...Read More
The recently launched Worldcoin human identity verification system elicited mixed reactions among people. While the project deems itself as a privacy-preserving digital identity, many prominent players in the community view the iris scanning process specialized Orb hardware device to be Orwellian. The crypto-focused project, co-founded by OpenAI CEO Sam Altman, has witnessed significant security concerns...Read More
The latest weekly publication of Bitfinex revealed that bitcoin (BTC) balances on centralized exchanges have retraced to levels last seen in January/February 2018. Bitfinex found that the balances have plunged by 32% from the 3.1 million BTC peak in March 2020 to 2.1 million now. At writing time, only 11% of BTC’ circulating supply was...Read More
The losses incurred by crypto payments processor Alphapo during its security breach are now estimated to be $60 million, roughly two days after hackers exploited the platform’s hot wallets. According to an update provided by on-chain sleuth ZachXBT, an additional $37 million compromised during the hack on Tron and Bitcoin has been located, increasing the...Read More
Kucoin is reportedly looking to reduce its staff, as revealed by anonymous sources. While the crypto exchange allegedly described the action as a “normal performance appraisal,” the layoff is said to be a result of the company’s new KYC policy. Chinese reporter Colin Wu indicated that Kucoin will let go of 30% of its staff...Read More
[PRESS RELEASE – Singapore, Singapore, July 25th, 2023] LABS Group, the frontrunner in blockchain-based real estate investment, is delighted to announce the successful distribution of dividends to early investors of the Kunang Kunang Tent Resort project based in Indonesia. This significant accomplishment underpins LABS Group’s commitment to rewarding its community members and cementing trust in...Read More
In the rapidly evolving world of cryptocurrencies, a surge in the number of exciting developments is sending shockwaves throughout the industry. As investors and enthusiasts closely monitor the latest happenings, three prominent digital assets have emerged at the forefront of attention. In a remarkable twist of fate, Ripple (XRP) has been relisted on the Canadian...Read More
As a BitMEX affiliate, you can leverage your community, connections and influence to earn up to 45% commission and BMEX Tokens. We’re always seeking new members. Our crypto affiliate programme is open to influencers, content creators, crypto communities, trading platforms, businesses, and more. Sounds good? To know more and sign up – read on. Also,...Read More
Binance’s legal team filed a motion in an Illinois district court yesterday evening, notifying the judge presiding over the case that two separate requests to dismiss charges against Binance and CZ will be served on the 27th of July. Joint Motion, Along With One for Former Compliance Officer Although a single joint motion will be...Read More
Digital asset investment products have returned to negative territory following four weeks of solid inflows. According to asset manager CoinShares, there was a total outflow of $6.5 million from crypto funds last week, reversing the trend of inflows. However, the outflow is minor compared to the prior four weeks, which totaled $742 million of inflows....Read More
As Sam Bankman-Fried’s trial draws ever closer, the prosecution has taken action to prevent him from tampering with witnesses in the case by attempting to influence them one way or another. SBF Suspected of Ellison Leak The moment FTX collapsed, Sam Bankman-Fried started an “apology tour,” telling various reporters and government representatives that he hadn’t...Read More
