Luno, a cryptocurrency exchange owned by Digital Currency Group, is discontinuing operations in Singapore. This change is part of Luno’s ongoing process of evaluating its “global strategy and presence,” the company said in a blog post. Furthermore, the company notified the relevant authorities in Singapore. That it was withdrawing its
April 18, 2023 2 mins read
Data from Alternative shows that on March 21, 2023, the Bitcoin fear & greed index reached its highest point in 16 months, at 69. Bitcoin finally returned to its “greed” phase in January 2023, its first appearance since March 2022. As a result, the greed index has moved deeper into
April 17, 2023 1 min read
In the first four days after the Shapella hard fork, more than one million Ether worth $2.1 billion were removed from Ethereum’s Beacon Chain, and the price of Ether went above $2,100 for the first time in 11 months. There have been a total of 1.03 million ETH withdrawn from
April 17, 2023 1 min read
A hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation” will be held by the US House Committee on Financial Services next week. The usefulness of stablecoins as a payment alternative may be the focus of the hearing. Users’ and the economy’s overall vulnerability is another issue
April 16, 2023 1 min read
The government of India has always taken a relaxed approach to draft legislation for the nascent cryptocurrency sector. But this time, India’s Finance Minister Nirmala Sitharaman has emphasized the need for immediate awareness of the problems associated with crypto assets. Indian lawmakers, it has been said, pushed for quick action
April 16, 2023 1 min read
ConsenSys, the company behind the popular cryptocurrency wallet MetaMask, has disclosed a data breach that has understandably caused alarm in the crypto community. However, the developers of the MetaMask add-on and mobile app have assured users that they are completely secure. Because it is non-custodial software, the crypto wallet does
April 14, 2023 1 min read
There are still many Ethereum believers who are optimistic about the network. A total of $198.7M (or 94,800 ETH) has been staked in the previous 24 hours, as reported by statistics from Nansen. Since the most recent Shanghai update on Wednesday, staking has been a focal point of the network’s
April 14, 2023 2 mins read
In recent years, Mastercard has joined the ranks of other legacy corporations with a foundation in conventional banking that has entered the Web3 area. Mastercard unveiled its brand-new accelerator program for creatives on April 12. This time, though, a Web3 twist was included. The Mastercard Music Pass non-fungible token (NFT)
April 13, 2023 2 mins read
For the time being, at least, Sam Bankman-Fried will not be able to use his FTX insurance to pay for his legal fees. The former FTX CEO tried to use a $10 million insurance policy to pay for his legal fees, but the bankruptcy judge refused his petition on Wednesday.
April 13, 2023 2 mins read
MicroStrategy, an American software firm, has the highest corporate Bitcoin (BTC) holdings and is presently profiting from its cryptocurrency wager. According to an SEC filing made by MicroStrategy on April 5, the business and its subsidiaries bought roughly 1,045 Bitcoin for about $29.3 million between March 24 and April 4.
April 11, 2023 1 min read
