On October 18, the ECB Governing Council stated that it had decided to move to the next phase of the digital euro project. The move into the preparation phase for a potential European CBDC follows the completion of a two-year investigation phase. The preparation stage will start on November 1 and will initially last two...Read More
The Calgary Police Service issued a warning to residents to beware of fraudsters who promise high returns on crypto investments, noting that Calgary victims have lost more than $22 million mostly to investment scams so far in 2023. Meanwhile, authorities believe crypto scams are still underreported despite huge losses. Calgary Police Receive More Crypto Scam...Read More
Meitu (1357), the pioneering Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a strategic shift away from digital assets like Bitcoin and Ethereum. The company, which made headlines in 2021 for investing around $100 million in cryptocurrencies, has revealed that its growth is now driven primarily by its artificial intelligence (AI)...Read More
Newbie developers are increasingly departing a crypto project while more “established” ones (more than two years) and those categorized as “emerging” (who have been working for one to two years) have remained relatively resilient over the past year. A new study by Electric Capital shows that Ripple is one of the few projects that witnessed...Read More
In 2023, the Ethereum blockchain witnessed intriguing transformations in the way users and entities engage. According to Nansen’s recent report, there has been a remarkable surge, with more than 300,000 daily active Ethereum addresses. Among these active addresses, DeFi entities have maintained their position as the dominant players. As of October 12th, 2023, DeFi users...Read More
HTX, formerly Huobi, has released its Q3 2023 financial report, revealing a robust revenue of $24.75 million. The cryptocurrency exchange has allocated 20% of this earnings for its quarterly token burn, amounting to approximately two million HT coins. This strategic move is poised to have significant implications for the HT ecosystem, enhancing transparency and community...Read More
A recurring motif during the trial has been Bankman-Fried’s commitment to effective altruism, a philanthropic ideology aimed at maximizing individuals’ impact through activities like charitable contributions and career choices. Bankman-Fried, who is currently on trial for defrauding investors of billions of dollars, aligned himself with fellow proponents of this philosophy, including Nishad Singh, the head of...Read More
While maintaining the $30,000 mark is proving challenging for Bitcoin, there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US. A potential approval can push Bitcoin between $42,000 and $56,000, according...Read More
TLDR Polygon slumps after substantial rally. Arbitrum and NuggetRush catch a bullish wave. Analysts forecast a 40x increase in the price of NuggetRush. With trends shifting rapidly in the crypto landscape, it comes as little surprise that Polygon (MATIC) is now facing a price correction. Following an impressive rally, it is now trading downward, with...Read More
Two years after James Zhong was apprehended for stealing 50,000 bitcoins (BTC) from the dark web marketplace Silk Road in 2012, stories of events that led to his arrest have emerged. According to a CNBC report, Zhong was a computer expert who lived a luxurious life. He drove expensive cars, including a Tesla, partied a...Read More
The U.S. Department of the Treasury has long taken a negative view of crypto mixing services, which it names CVCs (Convertible Virtual Currency Mixing Services). Although there are perfectly legitimate uses of such services – primarily by privacy-focused customers who are simply willing to pay a fee in order to reduce the possibility of being...Read More
This week brought a positive trend in the crypto market, with Bitcoin knocking the $30K threshold. This development has sparked buyer interest in several altcoins, potentially signaling a recovery in the ‘Uptober’ movement. With the closing of October on the edge, historical patterns suggest a solid bullish week, possibly triggering a fresh round of purchases....Read More
