In a significant move, a Singaporean court has granted a four-month moratorium to WazirX, an Indian cryptocurrency exchange, amidst a turbulent situation that has left many stakeholders anxious. This ruling follows WazirX’s petition for temporary relief, reflecting the company’s urgent need for a structured approach to its ongoing crisis. The court has stipulated conditions that
Crypto
LINK, the cryptocurrency native to Chainlink, an innovative decentralized oracle network built on Ethereum, has recently demonstrated notable price movements, driven by a surge in on-chain activities and a growing sense of investor optimism. With the backing of blockchain intelligence platform Santiment, the analysis indicates a favorable trend in technical indicators for LINK that hints
Bitcoin’s price movement has reached a pivotal point that could significantly influence the broader cryptocurrency landscape. With the asset having made a solid rebound from a support level of $52,000, it has recently managed to surmount both the $56,000 and $60,000 resistance levels. However, the key concern now lies around the $64,000 threshold, where the
In a significant move reflecting the dynamic interplay between regulatory frameworks and cryptocurrency exchanges, Binance, the largest crypto trading platform in the world, has announced the withdrawal of Turkish language support. Set to take effect on September 27, this decision is primarily driven by the need to align with local legal requirements in Turkey. While
On September 26, Ki Young Ju, the founder of CryptoQuant, unveiled that the United States is reclaiming its status as a dominant player in Bitcoin (BTC) holdings, as evidenced by a rising ratio against other nations. This resurgence is primarily driven by an increasing demand for spot Exchange-Traded Funds (ETFs). Ju emphasized that while BTC
In an era where blockchain technology redundantly intersects with various market sectors, Polymarket, a New York-based prediction platform, appears strategically poised to raise $50 million in its upcoming funding rounds, according to a recent article from The Information. The objective of these funds is notably accompanied by an innovative plan involving the issuance of a
In the ever-evolving landscape of cryptocurrency regulation, recent actions by the Securities and Exchange Commission (SEC) have sparked significant contention, particularly among Republican lawmakers. Led by Representatives Patrick McHenry and Senator Cynthia Lummis, these officials have taken a firm stance against the SEC’s Staff Accounting Bulletin No. 121 (SAB 121), prompting a call for its
The recent activities surrounding the two largest Grayscale funds, GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust), have raised eyebrows in the financial community. On a seemingly ordinary Monday, both funds experienced significant net outflows, with investors withdrawing a startling $80.6 million from ETHE alone. Despite this, the underlying assets remained remarkably stable, showcasing
In an intriguing turn of events, a long-dormant Bitcoin whale address has resurfaced, moving 5 BTC to the Kraken exchange. This revelation, brought to light by Arkham Intelligence, marks a significant moment in the cryptocurrency world, particularly because the address had been inactive for nearly a decade. The sudden reactivation raises questions about market dynamics
Bitcoin has recently undergone a notable price fluctuation, dipping below the $63,000 mark but quickly demonstrating resilience as traders pushed it back toward $64,000. This volatility is not new for Bitcoin, which has become synonymous with dramatic price swings. The past week has showcased a compelling narrative of market activity, starting from a low of
The crypto investment landscape is experiencing a resurgence as recent data reveals strong interest among investors. Following a significant uptick in funds, crypto investment products recorded another week of inflows, reaffirming the sector’s appeal. According to findings from CoinShares, a prominent firm in the crypto investment arena, global digital asset funds witnessed inflows totaling $321
The gaming world has seen a surge in interest surrounding blockchain-based platforms, and Hamster Kombat, which launched its first season in March 2024, has become a focal point in the Web3 gaming community. With an astounding 300 million users and 131 million players qualifying for the anticipated token airdrop, Hamster Kombat’s growth is both impressive
In a significant development within the Solana ecosystem, Jupiter Exchange, the prominent decentralized trading platform, has announced its acquisition of SolanaFM, a well-known blockchain explorer on the Solana network. This strategic move, touted as a catalyst for accelerated innovation, aims to bolster the infrastructure and data capabilities required to enhance user experience within the Solana
In recent years, Central Bank Digital Currencies (CBDCs) have garnered significant attention globally as nations evaluate the future of monetary systems in a digitally-driven economy. Canada’s journey towards a digital version of its national currency began back in 2017, driven by the desire to keep pace with technological advancements and evolving payment preferences. However, a
