Thu, November 28
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Abarajitha T

An English graduate emerging into the crypto world, captivated by its boundless potential and opportunities for innovation and growth.

Posts by Abarajitha T

Can Ethereum (ETH) Price Reclaim $3.5K Soon?

Ethereum Faces Bearish Momentum Amid Sell-Offs and Market Uncertainty

Ethereum has been experiencing a bearish momentum since the 30th of July. It declined drastically from $3,361 to $2,398. This is approximately a $1000 difference. At the time of writing, ETH is trading at 2,398 a 2.50% decrease in the past week. The 24-hour volume stands at $15,518,482,552 billion, reflecting

September 4, 2024 2 mins read
DPRK

FBI Warns of North Korean Scammers Aggressively Targeting Crypto Firms

FBI has warned the digital asset firms to be aware of a North Korean Crypto hacker group. DPRK has employed fake employment offers and investment opportunities to trick crypto users into downloading malware. They have made the latest attempt to steal companies’ cryptocurrencies. On 3rd September, The Federal Bureau of

September 4, 2024 2 mins read
Nexo

Nexo Resumes UK Client Registrations After FCA Compliance Upgrade

Following a recent upgrade to meet the Financial Conduct Authority (FCA) compliance guidelines, Nexo a centralized crypto lender resumes UK client registrations on Tuesday. This is done after a ten-month pause in the onboarding process. Nexo suspended new user registrations in the UK in December 2023 due to changes in

September 3, 2024 2 mins read
FTX Bankruptcy Estate Reaches $228M Settlement with Bybit Exchange

Defunct FTX to Repay Creditors $16B Starting Q4 Amid SEC Hurdle

FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion.   This vital move marks

September 3, 2024 2 mins read
Russia

Russian Officials Confiscate 238 Illegal Mining Rigs in Irkutsk

Russian authorities have confiscated 238 mining rigs from a community that is said to be entirely focused on gardening. The Irkutsk region in Southeastern Siberia has become the unofficial capital of the Russian Bitcoin mining sector, where illegal crypto mining continues. This is due to its famously low energy rates,

September 3, 2024 2 mins read
Defi protocols

Defi Protocols Fee Accumulation Drops to Lowest Since February

In August, the DeFi protocols fee accumulation dropped 24% from July. DeFi protocol’s total amount of fee, excluding the base layers is $288 million. This has recorded the lowest since February. In February, the total was $265.18 million. Uniswap led the list with protocol fees of over $85.44 million. August’s

September 2, 2024 1 min read
OKX

OKX Appoints Former MAS Official as OKX SG CEO

OKX, a global cryptocurrency spot, and derivatives exchange which is now fully licensed in Singapore, hires former Monetary Authority of Singapore (MAS) officials as local CEO.  OKX’s Singapore entity OKX SG received the full Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows them to offer

September 2, 2024 2 mins read
Oasys

Oasys Partners with SBI Holdings to Elevate Web3 Gaming in Japan

Oasys, a blockchain platform built for games partners up with SBI Holdings, Inc., one of Japan’s largest financial conglomerates to improve and boost the Web3 gaming in Japan. SBI is known for its collaboration with multiple companies. It is ranked among the top 25 by market capitalization. This partnership includes

August 29, 2024 1 min read
Telegram

Indonesia Considers Banning Telegram Amid Multiple Allegations

Indonesia is considering banning Telegram due to allegations of spreading pornography and promoting online gambling. According to Demandsage data, Indonesia ranks as the third-largest country in terms of Telegram usage.  Budi Arie Setiadi, Indonesia’s Minister of Communication and Informatics said that Telegram promised to improve content moderation following the government’s

August 29, 2024 2 mins read
Radix

Radix to Slash Workforce by 15% Amid Company Refocus

Radix, a decentralized finance platform is removing 15 percent of their staff from the company. Piers Ridyard, the CEO of RDX Works (Radix) has updated this to all the members of his Telegram channel. These layoffs are said to be a broader set of necessary adjustments. He says that this

August 29, 2024 2 mins read