A worrying turn of events in India’s cryptocurrency scene has unfolded as crypto investment behemoth CoinDCX denies rumors that the exchange is the subject of investigation by the Delhi Police. Police in Delhi are reportedly looking into allegations of mobile app-based bank fraud. A number of complainants have noticed abnormalities,
January 3, 2024 2 mins read
Michael Saylor, executive chairman of MicroStrategy, has started selling $216 million worth of shares in his business over the course of four months. He had previously said that some of the proceeds will go into purchasing additional Bitcoin. Saylor revealed in a statement with the U.S SEC on January 2
January 3, 2024 1 min read
In an effort to democratize the process of investing in cryptocurrency projects, Crypto Launchpad & Accelerator Raiser has announced the launch of a new fundraising model known as a Fair Community Offering (FCO). By meritocratically rewarding committed, involved community members and early supporters during a project’s pre-exchange listing stage, the novel
January 2, 2024 3 mins read
The announcement by Binance CEO Richard Teng on Thursday—that the exchange’s user base increased by 30% in 2023—sends a strong signal as the biggest cryptocurrency trading platform in the world attempts to move on from the November settlement with U.S authorities and the resignation of founder Changpeng Zhao (CZ). As
December 29, 2023 1 min read
For failing to comply with registration regulations, Indian authorities have issued a warning to nine cryptocurrency exchanges: Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex. A statement from the Financial Intelligence Unit India (FIU IND) states that nine overseas VDA SPs were sent compliance Show Cause Notices. To
December 29, 2023 2 mins read
Declining the maximum quantity of its ecosystem token, CAKE, from 750 million to 450 million is the goal of developers of decentralized exchange (DEX) PancakeSwap. The suggestion to reduce token supply by 300 million will be up for vote for one day, as stated in a release made on December
December 28, 2023 1 min read
According to Santiment statistics, Cardano (ADA) had the most development activity in December, establishing itself as the market leader. An essential indicator of a crypto project’s dedication to building a functional product and its probability of releasing new features is its development activities. Santiment reports that 540 development activities occurred
December 27, 2023 2 mins read
In order to keep the firm’s commercial operations operating after its $48.8 million exploit in November, the team behind decentralized finance protocol KyberSwap has “regrettably” slashed its personnel by 50%. Kyber Network’s CEO Victor Tran stated: “Regrettably, we have also reduced our workforce by 50%. The decision to part ways
December 27, 2023 2 mins read
The computing power of the Bitcoin network, often known as the mining hash rate, hit a new record high recently. However, with profitability taking a nosedive, miners are feeling the heat. According to Blockchain.com, the hash rate of Bitcoin hit a record high of 544 exahashes per second (EH/s) on
December 26, 2023 1 min read
Creditors of the now-defunct cryptocurrency exchange Mt. Gox have reportedly begun receiving reimbursements after the business’s 10-year closure. Since February 2014, these creditors’ monies have been stuck on the exchange. There have been rumblings on social media, namely on the r/mtgoxinsolvency subreddit, that Mt. Gox is allegedly using PayPal to
December 26, 2023 1 min read
