Wed, October 7

OKX Announces Listing of Hamster Kombat’s HMSTR Token

Hamster Kombat, a fast-growing Telegram-based crypto game, is making waves in the gaming world with its unique play-to-earn model. Launched in March 2024, the game has quickly gained traction, attracting over 300 million players within its first five months. Hamster Kombat brings players into the role of a hamster CEO

August 30, 2024 2 mins read

CoinSwitch Sues WazirX to Recover $9.6M in Stuck Assets Post Cyberattack

CoinSwitch, an Indian Cryptocurrency exchange is suing its rival, WazirX, to recover $9.6 million in assets that have been stuck on WazirX’s platform since a $230 million cyberattack in July. CoinSwitch announced that legal action on X had failed after multiple attempts to resolve the issue directly. These trapped assets

August 30, 2024 2 mins read

Elon Musk and Tesla Celebrate Dogecoin Manipulation Lawsuit Dismissal

The cryptocurrency sector confronts several legal complications on a daily basis. While regulatory bodies often stand central to such occurrences, there are instances when individual traders raise issues. One such lawsuit was the 2022 Dogecoin Manipulation case filed against tech billionaire Elon Musk and his company Tesla.  According to market

August 30, 2024 2 mins read

U.S PCE Forecast Sparks Fears of Crypto Market Sell-off

Economists in the United States are predicting a rather strong reading for personal consumption expenditures (PCE) price index, the favored inflation indicator of the Federal Reserve. This means the US FOMC will have to think about cutting interest rates in September. If the PCE price index number is greater, the

August 30, 2024 2 mins read

Can FLOKI Hold on to its Recent Price Surge?

The dog-themed meme coin, FLOKI, is struggling to regain its lost strength, over the past 24 hours, the meme coin has briefly recovered by 0.53%. The meme coin market displays mixed signals of the bull-bear feud.  FLOKI showcased a bullish sentiment as the day opened, climbing from the low of

August 29, 2024 2 mins read

Mudrex Secures Court Order to Shutdown Scam Websites 

Mudrex, a Bengaluru-based cryptocurrency exchange, sought legal recourse after approximately 15 individuals complained about being defrauded. These complaints involved websites impersonating Mudrex.The Indian Court has ordered the Ministry of Communication to shut down 38 scam websites. These websites were exploiting the name of cryptocurrency exchange Mudrex. The court’s decision came

August 29, 2024 2 mins read

ParaFi Capital Secures $120M Signaling Increased Confidence in Crypto

ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners. This fundraiser highlights the increasing growth and renewed optimism in the crypto investment sector. ParaFi Capital, founded in 2018 by Ben Forman,  has been a significant player

August 29, 2024 2 mins read

BIS Highlights Risks for Banks in Using Permissionless Blockchains

The Bank for International Settlements (BIS) recently highlighted the complexities and risks banks face when engaging with permissionless blockchains in its latest working paper, published on August 28. The report from the Basel Committee on Banking Supervision outlines several concerns tied to these decentralized systems. One key issue is the

August 29, 2024 2 mins read

STX Faces Bearish Pressure as Stacks Launches Nakamoto Upgrade

Bitcoin layer 2 network, Stacks, has captured community attention with its latest Nakamoto upgrade, designed to accelerate transaction speeds. Despite this significant development, the Stacks native token (STX) has seen a 6% decline in the past 24 hours, alongside a 10% drop in trading volume. The Nakamoto upgrade, named after

August 29, 2024 1 min read