Bitcoin is showing mixed signals as uptober—historically a strong month for the cryptocurrency—unfolds. After reaching a one-month high of $64,817 with a bullish surge, Bitcoin has since dropped 1.05% over the last 24 hours, trading at $63,602.91. Adding to the uncertainty, trading volume is down by 15%, reflecting a market
In a recent post on X, Banana Gun announced plans to refund $3 million stolen from users affected by a Telegram bot exploit last week. The incident impacted eleven users, with hackers stealing 563 ETH from 36 separate wallets associated with the bot. Notably, Banana Gun confirmed that no tokens
Historically referred to as “Uptober” in the bitcoin industry, October is almost here, and the market mood is strengthening following the most recent Federal Reserve rate cut. Many cryptocurrencies show great promise for new investors eager to join as they prepare for what might be a major surge. Whether your
Kraken Exchange has officially announced the completion of its acquisition of Coin Meester B.V. (BCM), a Dutch digital asset broker. This strategic move underscores Kraken’s commitment to regulatory compliance and its adaptability to the evolving cryptocurrency landscape despite its legal fight with the SEC by requesting a jury trial. The
The Hong Kong Monetary Authority (HKMA) officially commenced the second phase of its central bank digital currency (CBDC) pilot on Monday, renaming the initiative to “Project e-HKD+.” This phase aims to explore the commercial feasibility of the e-HKD through innovative use cases developed by 11 selected firms across various sectors.
In a notable move, crypto exchange platform Bybit has launched the world’s first Shariah-compliant Islamic account, catering to the growing demand for halal financial products in the cryptocurrency space. This innovative account offers services that align with Islamic financial principles, ensuring that users can trade digital assets without engaging in
Crypto has grown into a lucrative space in which investors seek to create new avenues of return and wealth. From staking to trading, the manners in which one can make out-of-this-world returns with crypto are endless. Going into 2024, this is going to be a great avenue to make one
On Monday, Sam Altman’s OpenAI X account was hacked in an attempt to deceive users with a fraudulent cryptocurrency scheme. Hackers posted a message promoting a fake blockchain token, $OPENAI, luring unsuspecting users to a phishing site that aimed to steal their crypto wallet credentials. The hack targeted OpenAI’s official
Digital asset investment products experienced net inflows of $321 million for the second consecutive week, according to CoinShares. The surge was largely attributed to the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points (bps), which was viewed as a dovish move by the market. Total assets
Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), is pushing for tighter control over the country’s cryptocurrency sector. ASIC Commissioner Alan Kirkland has revealed that crypto firms, not just exchanges, may soon be required to obtain licenses under the Corporations Act. This move is intended to offer better
