Several cryptocurrency companies have rethought their strategies and even pulled out of certain countries due to the regulatory uncertainty that has plagued the crypto business in recent years. One recent instance of this pattern is the news that cryptocurrency exchange OKX would stop operating in Canada as of June 22,
March 20, 2023 1 min read
Trading markets saw a surge of comfort as a result of the last-minute actions made by global financial authorities to avoid the banking disaster. The largest digital currency, Bitcoin (BTC), witnessed a spike of 5% on Monday, allowing it to break the $28,000 barrier after a long time. BitMEX’s previous
March 20, 2023 1 min read
The DeFi ecosystem has once again become a haven for hackers, as lending protocol, Euler Finance was recently hit by a flash loan assault that resulted in a net loss of approximately $19 million. This was the largest heist of 2023 to date. Since the largest decentralized finance (DeFi) theft
March 19, 2023 1 min read
Yat Siu, the co-founder of Animoca Brands, a gaming company, has indicated that royalties have helped drive the rise of the non-fungible token (NFT) market. All of these developments occurred due to the fact that royalties were conceivable as per Siu. Siu, the co-founder of the Hong Kong-based firm, has
March 19, 2023 2 mins read
Coinstreet and Somerley’s joint venture Signum Digital has revealed that their security token offering (STO) and subscription platform has been given an “approval-in-principle” by the Hong Kong Securities and Futures Commission (SFC). Security tokens are a new kind of digital asset based on blockchain technology. It reflects ownership of tangible
March 18, 2023 2 mins read
Bybit announces an increase in volume for USDC pairings as the third most popular cryptocurrency exchange in the world intensifying efforts to satisfy market expectations. Customers are flocking to Bybit for its rock-solid security and market coverage because they are relying on trustworthy platforms to handle the current turbulence in
March 17, 2023 2 mins read
It was revealed on Wednesday by Lido Finance, the biggest Ethereum liquid staking platform, that withdrawals of Lido-staked ETH (stETH) will likely be postponed until May, after the successful completion of all ongoing audits of Lido V2 codes. On March 15, Lido tweeted an update about the staking mechanism for
March 15, 2023 2 mins read
CEO of Ark Invest Cathie Wood slammed the American banking industry after many institutions failed. Tesla CEO, Elon Musk, nodded in agreement as she praised digital asset networks as a solution to the banking debacle. Cathie Wood tweeted a brief summary of the latest crisis, in which the US Bank
March 15, 2023 2 mins read
During a massive Bitcoin price surge, crypto titans seem to have jumped into action with massive buying intentions. As US banking stocks plummeted on Monday due to the bankruptcy of Silicon Valley Bank and Signature Bank, investors were relieved to see a surge in the value of cryptocurrencies. Even though
March 15, 2023 2 mins read
Shiba Inu (SHIB), the second biggest meme currency, rose in value by 6% during the last day. After the recent bank failures in the United States, the positive momentum indicates a rebound. At press time, Shiba Inu was worth $0.00001170, according to statistics from CMC. The market cap of SHIB
March 14, 2023 1 min read
