Thu, December 7

Ethereum Rallies as Crypto Market Witnesses Strong Bullish Momentum

Bybit released a research report that highlighted the strategic movements made by institutional investors and provided insight into their asset allocation interests. The research emphasizes a notable change in asset allocation, particularly within the Bitcoin and Ethereum domains, with an emphasis on the evolving market attitudes of institutional investors. Institutional

December 4, 2023 2 mins read

Jellyverse Raises $2M Seed Funding for Boosting DeFi 3.0 Development

Private investors have contributed $2 million to Jelly Labs AG and Fintonomy LTD, the companies developing the foundational protocols underpinning Jellyverse. Based on DeFiMetaChain, Jellyverse is a platform providing advanced decentralized financial services. The money raised will be used by Jelly Labs AG and Fintonomy LTD to further accelerate the

December 4, 2023 4 mins read

Shibarium Transactions Explode to 29 Million Amid Shiba Inu Price Surge

The recent double-digit Bitcoin price spike has lifted sentiment across cryptocurrencies, with altcoin transactions and values rising in tandem. Shibarium, the layer-2 scaling solution of meme token Shiba Inu, has tracked closely with the broader resurgence. Data from monitoring resource Shibarium Scan reveals the protocol handled a staggering 7.84 million

December 4, 2023 2 mins read

Institutional Investors Bullish on Bitcoin as per Bybit Research

New data from Bybit Research suggests that institutional investors are suspicious about altcoins, have mixed feelings about ether, and are positive on bitcoin. Institutional investors almost doubled their Bitcoin (BTC) holdings in the first three quarters of 2023. Due to bullish market mood and the expectation that the U.S. SEC

December 4, 2023 1 min read

South Korea Intensifies Crackdown on Unauthorized Crypto Exchanges

On December 4th, South Korean financial authorities issued an update requesting that consumers disclose any unauthorized cryptocurrency exchanges providing services to customers inside the area. The endeavor was a joint effort by the South Korean Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA). Upbit, Bithumb, Coinone, Korbit,

December 4, 2023 1 min read

Hacker Targets Safe Wallet Users Via Address Poisoning Attacks

The number of victims for a crypto hacker who specializes in “address poisoning attacks” has risen to 21. Moreover, in the last week alone, they have stolen almost $2 million from Safe Wallet customers. About 10 Safe Wallets lost $2.05 million due to poisoning assaults that occurred between November 26

December 4, 2023 1 min read

Rival Exchanges Gain Market Share Amidst Binance Settlement

An on-chain data analytics company Kaiko Research observed a spike in Coinbase’s market share after Binance reached a massive multi-billion-dollar settlement with US authorities last week. Binance and the US DoJ settled anti-money laundering claims to the tune of $4.3 billion on November 21. According to research company Kaiko Research,

December 4, 2023 2 mins read

Defunct FTX and Alameda Research Transfer $22M Worth of Crypto

According to blockchain research company Lookonchain, $22 million worth of digital assets have been transferred by defunct crypto exchange FTX and its subsidiary Alameda Research. After filing for bankruptcy, the new team of FTX and Alameda Research wasted no time and sent large sums to major exchanges. The business has

December 4, 2023 1 min read

Tether CEO Unveils Future Plans and Diversification Strategies

From his role as CTO to that of chief executive officer (CEO) of Tether, Paolo Ardoino made the jump on December 1. At a time when the firm is placing a premium on diversity and development, his hiring was meticulously plotted out. Ardoino expects that Tether’s primary business will generate

December 2, 2023 2 mins read

KyberSwap to Compensate Users Affected by Hack with Treasury Grants

The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons

December 2, 2023 1 min read