News

Bybit Secures Preliminary Approval in Kazakhstan as a Crypto Custody KaService Provider

Bybit, a prominent cryptocurrency exchange, has achieved a significant milestone in its global expansion strategy by receiving preliminary approval from regulatory authorities in Kazakhstan. Moreover, this approval positions Bybit as a trusted cryptocurrency custody service provider, further bolstering the acceptance and adoption of cryptocurrencies within Central Asia. Kazakhstan has emerged

May 29, 2023 2 mins read

Stars Arena Exploited of $2.88 Million Worth AVAX Token

Tornado Cash Community Votes in Favor of Restoring Governance

Thanks to an unexpected request made by the attacker, Tornado Cash governance token holders will soon recover authority over the protocol’s functioning. With this newfound power, the community may drive the protocol toward repair and increased safety. On May 26th, the proposal to return power to the original Tornado Cash

May 29, 2023 1 min read

SHIB Army Excited as SHIB Burn Rate Jumps Nearly 1000%

Shiba Inu Burn Rate Skyrockets Over 1,450% in Last 24 Hours

After another large burn of SHIB tokens, the Shiba Inu burn rate skyrocketed in the previous 24 hours, reaching over 1,450 percent. The community took advantage of the meme coin season to speed up the coin’s burn and attract more people to the cryptocurrency. This week, the Shiba Inu community

May 29, 2023 1 min read

Dormant Wallet Inactive for 8 Years Moves 8000 ETH Worth $14.7M

After lying dormant for eight years, an Ether wallet that was last used in 2015 has revived, swiftly transferring 8,000 ETH in under two minutes. After taking part in Ethereum’s ICO (initial coin offering) in 2015, the wallet’s owner was rewarded with 8,000 ETH; nonetheless, the wallet sat dormant until

May 29, 2023 1 min read

Hong Kong Police launches “CyberDefender” metaverse platform

Hong Kong Police Launches Metaverse Platform to Combat Cybercrimes

The Hong Kong Police Force’s Cyber Security and Technology Crime Bureau (CSTCB) launched the cutting-edge metaverse platform “CyberDefender”. It is designed to raise public awareness about technology crimes. And to empower individuals to navigate risks within Web3 and the Metaverse. This sophisticated move demonstrates their progressive mindset towards evading digital crimes.

May 29, 2023 2 mins read

Binance Reflects Positive Attitude Toward BRC-20 Token Listings

Bitcoin Ordinals and BRC-20 tokens stormed with curious hype, conquering the focus of the crypto space to a great extent. Remarkably, crypto exchange Binance is on the frontline investigating the possibilities of onboarding BRC-20 to augment Bitcoin’s NFT era. Notably, Leonidas, a popular Ordinals member on Crypto Twitter, magnified the

May 29, 2023 1 min read

Tether Signs MoU With Georgia To Boost Blockchain Adoption

Tether USDT Dominates Market Share as Other Stablecoins Decline

There have been shifts in the last year regarding the market domination of stablecoins linked to the US dollar. Tether USDT, however, has returned to its all-time high, according to statistics compiled by CoinGecko, while the majority of cryptocurrencies are on a negative trend. Circle’s USDC market share has dropped

May 29, 2023 1 min read

Temasek Holdings Reduces Pay for Group Involved in FTX Investment

On Monday, May 29th, Singaporean investment firm Temasek Holdings stated it will reduce pay for the group that had proposed an investment in the defunct FTX cryptocurrency exchange. In the wake of the FTX exchange’s demise in November 2022. Temasek was forced to take a $275 million write-down on its

May 29, 2023 1 min read

U.S Senator Cynthia Lummis Pushes for Regulatory Framework for Crypto

Crypto Market Turns Green Post U.S Debt Ceiling Extension

Bitcoin (BTC) jumped more than 3.4 percent during the early hours of trading on Monday, May 29. This occurs when the United States is ready to increase its debt limit from its present level of $31.4 trillion. According to CMC, Bitcoin (BTC) is trading 3.4% higher at $28,009 with a

May 29, 2023 1 min read

Bitcoin at $28K Creates Massive Buzz On Twitter

Bitcoin (BTC), the world’s largest cryptocurrency, surpassed the $28k mark early Monday morning. And also Bitcoin has taken center stage as the most intriguing subject on crypto Twitter, capturing the attention and interest of users. As reported by CoinMarketCap, the current price of BTC stands at $28,081.93, accompanied by a

May 29, 2023 1 min read