Recently, the Securities and Futures Commission (SFC) of Hong Kong has identified Bybit as a suspicious virtual asset trading platform and has raised concerns about its unlicensed operations. The regulator pointed out that Bybit has been offering its products to investors in Hong Kong without obtaining the necessary license to conduct regulated activities in the
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Cardano has been making waves in the cryptocurrency world with its recent spike in network activity. Despite lagging behind in price action, the blockchain network has seen a significant increase in active addresses. Data from Danogo reveals that the active addresses on the Cardano network reached 596,915 on March 11, marking a one-year high. This
The cryptocurrency market has been witnessing an explosion of meme coins, with Satooshi Nakahobo being the latest to capture the attention of investors. This comedic token, inspired by popular figure spin-off tokens, saw an astonishing 600x surge in value. The token launched at $0.00165 and experienced a rapid surge of +716,750% within hours of trading.
Recently, blockchain analytics firm Elliptic uncovered that the notorious North Korea-backed hacker group Lazarus has once again turned to using the sanctioned crypto mixer Tornado Cash to conceal its transactions. This move comes after a significant decline in the group’s usage of the mixer last year following US government sanctions. Impact of US Sanctions After
The cryptocurrency market is experiencing mixed results on the latest trading day. While Bitcoin and Ether are facing profit-taking due to high US PPI inflation figures, other altcoins like Solana and Dogecoin are seeing positive momentum. The market is currently in a phase where investors are evaluating their options to determine the best cryptocurrencies to
Crypto.com, a leading cryptocurrency trading platform, has recently been hit with a hefty fine of €2.85 million ($3.1 million) by the Netherlands Central Bank for operating within the country without proper registration for a significant period of time. The Dutch regulations mandate that crypto firms must register with the De Nederlandsche Bank (DNB) under the
MicroStrategy, the American business intelligence and software development company, has recently announced its plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes after the company sold approximately $800 million in convertible debt offerings just a few days ago, using the proceeds to purchase around 12,000 BTC. As
Binance, a leading cryptocurrency exchange, recently made a statement indicating that Nigeria is not one of its top markets. This revelation comes amidst a dispute with local authorities in the African country. Despite admitting that Nigeria has “extraordinary potential,” Binance has clarified that it is not a key market for the exchange. This is surprising
Bitcoin, the leading cryptocurrency, saw its price reach a new all-time high just below $74,000 in the most recent trading session. This milestone came after a brief dip below $72,000 the day before. The surge in price was fueled by a strong end to the previous week, during which Bitcoin surpassed $70,000 for the first
MakerDAO, a prominent DeFi lending protocol, has recently announced the upcoming launch of its highly anticipated ‘Endgame’. The first phase of this project is slated for a summer 2024 release. Phase 1 will mark the introduction of key features that are expected to drive growth within the ecosystem. One of the primary objectives of this
Arbitrum, a prominent layer-2 blockchain network, has recently introduced the Gaming Catalyst Program (GCP) with the objective of revolutionizing the development of Web3 games. The GCP, requesting an allocation of 200 million ARB tokens valued at $426 million, aims to provide extensive support to game developers on the Arbitrum network. This initiative is particularly significant
The recent completion of the Dencun software upgrade by Ethereum (ETH) marks a significant milestone in the network’s evolution. This update, aimed at enhancing Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, has drastically reduced transaction costs. Fees that once amounted to dollars have now plummeted to mere cents or fractions of a
In a groundbreaking collaboration involving PIXELYNX, Animoca Brands, and Banijay Brands, a new NFT collection has been unveiled. The collection draws inspiration from the “Nosedive” episode of the renowned TV series Black Mirror. Named “Black Mirror Experience: Smile Club,” this collection was officially announced on March 12 and has already generated immense interest, with all
Recently, QCP Capital, a well-established crypto asset trading firm, has brought attention to an emerging trend that could potentially impact Ethereum’s price trajectory. The firm’s analysis indicates a shift in “risk reversals” for Ethereum, with upcoming expiries turning negative. This shift suggests a growing apprehension among investors regarding a potential decrease in ETH’s price, as