A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
Celo has recently overtaken Tron in daily active addresses used by stablecoins, according to data from Artemis. The surge in activity is attributed to the growing popularity of applications like MiniPay and Valora, which have gained significant traction in Africa. Notably, Vitalik Buterin, co-founder of Ethereum, celebrated this milestone, noting
September 25, 2024 2 mins read
The cryptocurrency market, fraught with regulatory battles over ETF approvals, high-profile founder arrests, and large-scale hacks, has been in a state of turbulence. As bears held their grip, price rallies became a rarity. However, anticipating the beginning of October, dubbed “Uptober,” has brought a breath of fresh air. The global
September 25, 2024 2 mins read
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
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
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 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’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
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, 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
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