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Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the
July 24, 2024 2 mins read
In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners. On
July 24, 2024 2 mins read
In the budget meeting for the fiscal year 2024-2025, India’s Finance Minister Nirmala Sitharaman upheld the existing tax regulations on cryptocurrencies, leaving the controversial tax-deducted-at-source (TDS) rate at 1% unchanged. This decision follows a significant urge from the crypto sector, which had asked for a reduction of the TDS to
July 23, 2024 2 mins read
The global crypto market displayed a slight dip today. Despite the U.S. SEC’s final approval for Spot Ether exchange-traded funds to commence trading on July 23, the anticipated market boost did not materialize during the Asian trading hours. Instead, Bitcoin (BTC) saw a 1.84% decline, while Ethereum (ETH) dropped by
July 23, 2024 3 mins read
The Chicago Board Options Exchange (CBOE) recently announced that five new spot Ether ETFs will commence trading on July 23, following the SEC’s approval of rule changes on May 23. These ETFs, including top institutions like VanEck, 21Shares, Invesco Galaxy, Fidelity, and Franklin, are expected to draw significant attention from
July 20, 2024 2 mins read
After a five-month suspension, triggered by a significant investigation, cryptocurrency exchange BitForex has announced it will soon allow users to withdraw their assets. This decision follows the detention of the BitForex team by Jiangsu Province authorities in China on February 23rd, which led to a halt in operations and concerns
July 20, 2024 2 mins read
While the global crypto market turns green, the notable layer 2 player Arbitrum (ARB) has captured attention with a 15% price increase over the past week. At the time of writing, ARB was priced at $0.76 with a market cap of $2.46 billion. This surge has propelled Arbitrum into an
July 17, 2024 1 min read
Ethereum (ETH) futures have seen a significant surge in open interest, reaching $14.18 billion, marking a 3.98% increase within the last 24 hours. This uptick reflects a sharp rise in trading activity, suggesting a growing bullish sentiment among traders toward Ethereum. Since the start of this week, Ethereum has displayed
July 17, 2024 2 mins read
The global cryptocurrency market continues to showcase strong activity, with institutional investments and significant transactions involving Tether’s stablecoin, USDT. Cumberland, a prominent player in the crypto space, has injected substantial funds into major exchanges, signifying renewed market momentum. According to Lookonchain, over the past 40 hours, Cumberland has received a
July 17, 2024 2 mins read
While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments. The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that
July 16, 2024 2 mins read
