OKX, a cryptocurrency exchange situated in Seychelles, has completed the 20th cycle of its Buy-Back and Burn program, burning around 5.5 million OKB tokens. A total of 5,497,312.77 OKB tokens, valued at $258 million based on a 90-day average, were repurchased from the secondary market and burnt, as stated in
June 10, 2023 2 mins read
Circle, the issuer of the USDC stablecoin, has continued with its preparations for an initial public offering (IPO) despite aggressive regulatory action by the U.S. Securities and Exchange Commission (SEC). But in light of the present regulatory climate, Circle can expect everything but an easy ride. Circle planned a merger
June 10, 2023 2 mins read
House Republicans and Democrats have collaborated on a draft stablecoin law. This has been produced by the House Financial Services Committee in the United States. On Tuesday, a full hearing by the House Financial Services Committee will provide “clarity” on the structure of the digital asset market. And also the
June 9, 2023 2 mins read
BitGo, a supplier of wallet infrastructure and digital asset custodian, said on June 8 that it has signed a non-binding letter of intent to acquire Prime Trust, a provider of fintech infrastructure. The details of the deal were kept confidential. If the purchase goes through, BitGo will expand its wealth
June 9, 2023 2 mins read
On June 6, when Coinbase Global Inc. shares plunged to over five-month lows owing to the Securities and Exchange Commission’s crackdown on the crypto sector, Cathie Wood’s Ark Invest increased its investment in the company. On June 7, the three funds controlled by Cathie Wood had acquired about 400,000 shares
June 7, 2023 1 min read
After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings. On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets,
June 7, 2023 1 min read
Shockwaves have been felt across the cryptocurrency industry after Monday’s SEC lawsuit against cryptocurrency exchange Binance. Over the last 24 hours, Bitcoin and the cryptocurrency market as a whole have dropped by 4%. Many prominent figures in the cryptocurrency industry have spoken out in favor of Binance and its leadership
June 6, 2023 1 min read
Cboe Global Markets was granted permission to provide margin Bitcoin and Ether futures contracts to its cryptocurrency customers on Monday, June 5. When it comes to Bitcoin futures contracts, Cboe was an early adopter. To provide both physically settled and financially settled margined products beginning in the second part of
June 6, 2023 2 mins read
The monthly industry analysis by DappRadar shows that the market for decentralized apps increased by 9.97% in May. The firm notes that the number of daily unique active wallets (dUAW) has already hit an average of 1,967,051. The study found that the gaming industry and decentralized finance (DeFi) were responsible
June 5, 2023 1 min read
To fix over 71,000 erroneous or “cursed” inscriptions and make them tradable again, the Bitcoin Ordinals protocol’s developers have released an upgrade. Inscriptions that were formed by the accidental or deliberate manipulation of opcodes were dubbed “cursed inscriptions” since they were rendered invalid and unrecognized. Moreover, the first step towards
June 5, 2023 1 min read