Thu, October 8

DBS Amasses $650M Worth ETH: Leading Traditional Banks into Crypto?

DBS Bank, Singapore’s largest financial institution, has been identified as a major player in the cryptocurrency market, holding nearly $650 million in Ethereum (ETH), according to blockchain analytics firm Nansen. The bank’s ETH holdings amount to 173,700 ETH, highlighting its major involvement in the crypto space. DBS Bank, with assets

May 30, 2024 2 mins read

MetaDragon Hacker Moves $192K in BNB to TornadoCash: Wake-up Call?

The MetaDragon, a decentralized NFT game platform, has been a victim of a hack resulting in the theft of 321.5 $BNB worth $192K. According to Peckshield, a blockchain security firm, the stolen assets have been transferred to TornadoCash, a privacy-focused mixer.   #PeckShieldAlert @MetaDragonDao exploiter -labeled address has already sent 321.5

May 30, 2024 2 mins read

Crypto Whales Navigate Choppy Waters Amid Regulatory Tides

The cryptocurrency market continues its rollercoaster ride, with investors closely tracking the erratic movements of major digital assets like Bitcoin (BTC) and Ethereum (ETH). In recent days, the market has witnessed significant fluctuations, sending shockwaves through the global financial landscape. Bitcoin, the pioneer cryptocurrency, experienced a dizzying ascent, briefly surpassing

May 30, 2024 2 mins read

Hong Kong’s SFC to Enforce Licensing Compliance for Crypto Firms

Local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after a June 1 licensing deadline will be subject to “on-site inspections” according to the Hong Kong Securities and Futures Commission (SFC). On May 28, the SFC reminded cryptocurrency enterprises that they need to get a

May 29, 2024 2 mins read

Investors Eye Fed Speeches This Week for Clues on Rate Hike Decisions

One of the most talked-about U.S. Spot Ethereum ETFs got the go light from the SEC last week, setting off a chain reaction in the cryptocurrency market. Notably, last week, as optimism grew, Bitcoin and most altcoins rose. It seems that investors’ trust in the digital assets market has been

May 26, 2024 1 min read

Trump Vows Cryptocurrency Support, Accepts Crypto for 2024 Presidential Campaign

The former US president and Republican candidate for president this year, Donald Trump, has once again shown his support for cryptocurrency. His ambitions to back crypto startups were disclosed in a post the former president made on Truth Social, his social media platform. For some time now, people have seen

May 26, 2024 1 min read

These 3 Ethereum Native Altcoins Exhibit Top Gains in 24H

In the past 24 hours, the crypto market has witnessed a dip in market cap by 3.19%. Bitcoin has struggled to maintain its prices above the $66K resistance. While the leading altcoin ETH prices have dropped 3.54% in the past 24 hours. However, over the week the crypto market exhibits

May 24, 2024 2 mins read

Fed Survey Finds 18 Million Americans Engaged with Crypto in 2023

According to the most recent annual household survey conducted by the Federal Reserve, the number of individuals in the United States who reported owning or using cryptocurrency fell to around 18 million in 2023. Following drops of 10% in 2022 and 12% in 2021, the Federal Reserve’s Survey of Household

May 23, 2024 1 min read

Will Bipartisan Backing Secure the FIT21 Bill’s Passage in Senate?

In a historic move, the United States House of Representatives approved H.R.4763, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, on May 22. The bill, aimed at providing regulatory clarity for digital assets, passed with a significant majority in a 279 to 136 vote. This

May 23, 2024 2 mins read