One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year. According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon. DZ Bank to Lead Crypto...Read More
Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its recently released Q4 report revealed that the division clocked over $1 billion in revenue in the last quarter of 2023, primarily driven by sales of its Quest headsets and the Ray-Ban Meta smart glasses. Reality...Read More
At the height of their success, Solana (SOL) and Shiba Inu (SHIB) both made headlines. They saw their value grow by over 10X in just weeks. However, for those who missed the boat, there is still a chance to claim some big wins with Pandoshi (PAMBO). What Is Pandoshi (PAMBO)? Pandoshi (PAMBO) is an innovative...Read More
Thailand’s Securities and Exchange Commission (SEC) has ordered cryptocurrency exchange Zipmex to suspend its trading and brokerage services temporarily. According to an official announcement, Zipmex’s services will remain suspended for 15 days until the firm fixes its financial position and operational issues. Zipmex Ordered to Halt Services The SEC revealed that it issued a letter...Read More
Cathie Wood’s asset management firm Ark Invest has predicted that the price of Bitcoin (BTC) could soar to $2.3 million if institutions allocated a substantial portion of their investable asset base to it. The asset manager made the prediction in its research report named Big Ideas 2024, explaining the hypothetical impact that institutional investments and...Read More
[PRESS RELEASE – New York, United States, February 2nd, 2024] Avantis Testnet saw more than $5.5 billion in trading volumes in just two months of testing since November, and the mainnet launch includes an industry-first product, Avantis Loss Protection Avantis, the next generation DEX for trading and market-making perpetuals for crypto and real world assets,...Read More
Cryptocurrency exchange Binance has frozen $4.2 million worth of XRP following the largest hack of 2024, which saw $112 million stolen from Ripple co-founder Chris Larsen’s personal wallet on January 31. Binance CEO Richard Teng announced the news on social media platform X, where he revealed that the exchange successfully froze the address of the...Read More
Crypto lender Genesis Global has settled with the U.S. Securities and Exchange Commission (SEC) in a lawsuit related to its bankrupt Gemini Earn lending program. As part of the deal, Genesis has agreed to pay a $21 million civil penalty, contingent upon the full repayment of customers during its ongoing bankruptcy proceedings. Genesis Agrees to...Read More
A trader has reportedly turned an initial investment of five Ethereum (ETH) into an impressive $3.3 million by strategically buying and selling the PORK token. The massive gain was accomplished through a well-timed investment in the recently launched PepeFork (PORK) cryptocurrency, according to analysts by Lookonchain. Trader Invests 5 ETH in PORK The trader initially...Read More
In a recent announcement, Binance, the world’s largest cryptocurrency exchange, revealed its decision to include Pyth Network’s PYTH token in its lineup of supported altcoins. This news sent ripples through the crypto community, especially as the price of PYTH surged by an impressive 25%, reaching $0.4923 shortly after the announcement Binance Lists PYTH Trading On...Read More
The Open Exchange, or OPNX, is closing down this month, according to an email sent to users. “We would like to inform you that OPNX.com will officially cease operations and shut down in February 2024.” Customers were advised to settle their positions by Feb. 7 and withdraw their money by Feb. 14. OPNX shutting down...Read More
In a court case that happened recently – and whose transcripts were made available today – the identities of those behind the $400 million FTX exploit that took place shortly after the bankruptcy was declared were uncovered. However, FTX was not the sole victim of the hacks. According to the court documents, a total of...Read More
[PRESS RELEASE – George Town, Cayman Islands, February 1st, 2024] InterWorld, a pioneering force in the digital economy, is excited to announce the launch of its native token, $ITW. The event is scheduled to commence on February 14th, 2024, and will be hosted on the GemPad platform, a renowned decentralized fundraising platform. The launch of...Read More
El Salvador’s Vice President, Felix Ulloa, affirmed on Wednesday that Bitcoin would continue to be legal tender in the country during President Nayib Bukele’s second term. The announcement follows the IMF’s request to reevaluate the cryptocurrency as legal tender during ongoing negotiations for a substantial billion-dollar loan. El Salvador’s Bitcoin Commitment Unwavering As El Salvador...Read More
