Huobi Global has announced that it is getting ready to establish its Hong Kong branch for users in the city-state on June 1st. After a year of upheaval in the industry. The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, has decided to allow retail trading in cryptocurrencies. This
May 27, 2023 2 mins read
While the price of Bitcoin fell for three days in a row last week, some “whales” who had been sitting on large sums of the cryptocurrency activated their inactive wallets. The asset’s price usually rises in tandem with this pattern. However, this might also be seen as large traders seeking
April 25, 2023 1 min read
Chainlink, the standard Web3 services platform, and GMX, the biggest decentralized perpetual exchange running on Arbitrum and Avalanche, have now announced that the GMX community has elected to incorporate Chainlink’s innovative low-latency oracles for financial market data. Moreover, launch partner GMX will be incorporating the new solution’s low-latency oracles into
April 25, 2023 2 mins read
A federal court ruled late Friday in a pre-trial summary judgement in a trademark infringement action that Bored Ape Yacht Club (BAYC) creator Yuga Labs is entitled to an injunction and damages against Ryder Ripps and Jeremy Cahen for their knockoff RR/BAYC NFT collection. In a statement, Yuga Labs called
April 23, 2023 2 mins read
Trust Wallet, a cryptocurrency wallet, has announced a security flaw that has cost some customers approximately $170,000. The firm claims that they have applied a fix to the issue. The Trust Wallet bug bounty program is where the company first learned about the vulnerability. In November of 2022, a security
April 23, 2023 2 mins read
South Korean gaming studio Krafton, who created the massively popular PUBG: Battlegrounds (formerly PlayerUnknown’s Battlegrounds), hasn’t ignored the metaverse. In reality, the Migaloo Web3 metaverse gaming platform is still under development and expected to debut this year. This week, Krafton and Naver Z, a South Korean augmented reality developer, announced
April 21, 2023 2 mins read
Cryptocurrency exchange Gemini has announced that it would open a new engineering center in India in order to take advantage of the country’s abundance of highly skilled IT professionals. The exchange is “in the midst” of constructing an engineering facility in Gurgaon, India, according to a statement released by CTO
April 21, 2023 2 mins read
SafeMoon is a protocol for decentralized finance (DeFi) built on BNB Chain. On March 28, hackers stole 27,000 BNB, valued at about $8.9 million. According to a blockchain message published by SafeMoon on April 18, the attacker responsible for the theft of $8.9 million in BNB has promised to refund
April 19, 2023 1 min read
Intel’s announcement on Tuesday that it will stop producing its flagship brand of Bitcoin mining chips came as a surprise to the cryptocurrency community and the larger crypto-mining market. Furthermore, the firm has promised that final shipments would occur no later than April 20, 2024. Intel has announced that it
April 19, 2023 1 min read
Nike, the footwear giant, is releasing its first NFT drop on the .Swoosh Web3 community platform debuted a few months ago. Our Force 1 (OF1) is a capsule collection of Polygon virtual sneakers NFTs paying homage to the Nike Air Force 1 from 41 years ago. The drop will include
April 18, 2023 2 mins read