A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.
The upcoming U.S. elections are set to significantly influence the regulatory landscape for cryptocurrency, particularly regarding crypto policy and the approval of crypto-related ETFs. With both the presidential and congressional races on the horizon, the balance of power within the Securities and Exchange Commission (SEC) could shift, impacting how the
August 14, 2024 2 mins read
PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen significant expansion since its inception, with its supply on Solana now exceeding that on Ethereum. In August 2023, PYUSD launched on Ethereum in partnership with custodian Paxos, and its initial supply grew to $230 million by the end of the year. Due to
August 13, 2024 2 mins read
The massive cyberattack on WazirX that took place on July 18 has cast a long shadow over the Indian crypto community. The breach, which resulted in a $230 million loss, has shaken the confidence of Indian crypto users, prompting renewed scrutiny of exchange security and the safety of users’ funds.
August 13, 2024 2 mins read
While the global crypto market is swinging with both gains and losses, the movement of large asset volumes across exchanges is drawing increased attention. In a recent transaction, Pendle Finance’s Ecosystem Fund transferred 600,000 PENDLE tokens, equivalent to approximately $1.64 million, to Binance around 11 hours ago. This marks a
August 13, 2024 2 mins read
While the cryptocurrency market is experiencing a downturn, Sui (SUI) stands out with a significant performance. In the last 24 hours, SUI has soared over 20%, and its weekly gain has reached 120%. This surge comes at a time when the broader market trends are not as favorable, highlighting SUI’s
August 12, 2024 2 mins read
As Bitcoin (BTC) faces a notable dip, the Solana-based memecoin Dogwifhat (WIF) has recorded significant volatility with a double-digit loss. In the last 24 hours, WIF displayed a sharp decline of over 13.3%, reflecting the broader impact of Bitcoin’s downturn on the memecoin market. The memecoin, which fell to $1.09
August 12, 2024 2 mins read
While the global crypto market turned to recovery, Ethereum exchange-traded funds (ETFs) in the United States displayed notable activity. On Wednesday, BlackRock’s fund saw a significant net inflow of around $110 million, contributing to a positive trend for Ethereum ETFs. For two consecutive days, U.S.-based spot Ether ETFs have recorded
August 7, 2024 2 mins read
Ronin Network has experienced a significant security breach, resulting in the loss of nearly $9.8 million worth of Ethereum (ETH). This incident highlights the growing concerns surrounding crypto security, particularly amidst the recent wave of hacking activities. On August 6, 2024, Ronin Network, which underpins the popular play-to-earn game Axie
August 6, 2024 1 min read
India’s Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a show cause notice to Binance, one of the world’s largest cryptocurrency exchanges. The notice demands a payment of ₹722 crore ($86 million) in Goods and Services Tax (GST), marking a pivotal move in the regulation of the
August 6, 2024 2 mins read
Following a sharp dip to the $2,100 zone on Monday, Ethereum (ETH) has climbed back to test the $2,500 barrier. This recovery raises questions about the Ethereum market trend, with a target at the $2,750 level before possibly resuming a bearish trend. On Monday, ETH’s price plummeted more than 23%
August 6, 2024 2 mins read