Tue, November 26
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Janani

A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.

Posts by Janani

HKMA Launches Second Phase of e-HKD Pilot to Explore Digital Currency

HKMA Launches Second Phase of e-HKD to Explore Digital Currency

The Hong Kong Monetary Authority (HKMA) officially commenced the second phase of its central bank digital currency (CBDC) pilot on Monday, renaming the initiative to “Project e-HKD+.” This phase aims to explore the commercial feasibility of the e-HKD through innovative use cases developed by 11 selected firms across various sectors.

September 24, 2024 2 mins read
Bybit Launches First Shariah-Compliant Crypto Islamic Account

Bybit Launches First Shariah-Compliant Crypto Islamic Account

In a notable move, crypto exchange platform Bybit has launched the world’s first Shariah-compliant Islamic account, catering to the growing demand for halal financial products in the cryptocurrency space. This innovative account offers services that align with Islamic financial principles, ensuring that users can trade digital assets without engaging in

September 24, 2024 2 mins read
OpenAI’s X Account Falls Victim to Cryptocurrency Phishing Scam

OpenAI X Account Falls Victim to Cryptocurrency Phishing Scam

On Monday, Sam Altman’s OpenAI X account was hacked in an attempt to deceive users with a fraudulent cryptocurrency scheme. Hackers posted a message promoting a fake blockchain token, $OPENAI, luring unsuspecting users to a phishing site that aimed to steal their crypto wallet credentials. The hack targeted OpenAI’s official

September 24, 2024 2 mins read
Digital Asset Products See $321M Inflows Amid Fed Rate Cut

Digital Asset Products See $321M Inflows Amid Fed Rate Cut

Digital asset investment products experienced net inflows of $321 million for the second consecutive week, according to CoinShares. The surge was largely attributed to the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points (bps), which was viewed as a dovish move by the market. Total assets

September 23, 2024 2 mins read
Australia

Australia Eyes Stricter Licensing for Crypto to Boost Protection

Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), is pushing for tighter control over the country’s cryptocurrency sector. ASIC Commissioner Alan Kirkland has revealed that crypto firms, not just exchanges, may soon be required to obtain licenses under the Corporations Act. This move is intended to offer better

September 23, 2024 2 mins read
Bankroll Status Faces $230K Loss from DualPools Hacker Assault

Bankroll Status Faces $230K Loss from DualPools Hacker Assault

Cybersecurity firm Cyvers has identified a significant breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain, resulting in losses of approximately $230,000. Cybersecurity experts attribute the attack to the notorious DualPools hacker group. Cyvers flagged the suspicious transaction as part of a broader malicious operation. Their

September 23, 2024 2 mins read
Bitcoin Reaches 25-Day High as Whales Trade and Shorts Liquidate

Bitcoin Reaches 25D High as Whales Trade and Shorts Liquidate

Bitcoin, the world’s largest cryptocurrency, has once again sparked excitement within the market by reaching a 25-day high of $64,745 just hours ago. Over the past 24 hours, Bitcoin’s trading volume has surged by 86%, rekindling optimism among traders. Many in the crypto community are already calling it a taste

September 23, 2024 2 mins read
How Did Shezmu Recover $5 Million After a Major Crypto Vault Hack?

How Did Shezmu Recover $5M After a Major Crypto Vault Hack?

The crypto market continues to face multiple hacking incidents, with the latest targeting Shezmu, a leveraged yield protocol. On September 21, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, raised alarms regarding a compromised storage vault belonging to Shezmu, leading to the theft of approximately $4.9 million in cryptocurrencies. The

September 21, 2024 2 mins read
Can SEI Sustain Its Rally After Breaking a 27-Day High?

Can SEI Sustain Its Rally After Breaking a 27-Day High?

The cryptocurrency market has been highly volatile since the start of the month, with Bitcoin hitting a 25-day high yesterday, sparking a brief surge. However, today the overall market has dipped, with total market capitalisation down 0.39% and trading volume dropping by 28%. Despite the red across most altcoins, one

September 21, 2024 2 mins read
Shiba Inu Faces Uncertainty as Shibarium Gas Fees Surge by 2,024%

Shiba Inu Faces Uncertainty as Shibarium Gas Fees Surge

Shiba Inu [SHIB] faces a critical juncture as gas fees on its layer 2 network, Shibarium, skyrocket by 2,024%. This surge poses significant challenges for SHIB’s deflationary model and its long-term value. Despite the gas fee concerns, SHIB’s price has recorded consecutive gains, rising by over 5% in the past

September 21, 2024 2 mins read