Tron founder Justin Sun has been issued a summons by the U.S. District Court for the Southern District of New York in connection to a recent lawsuit from the Securities and Exchange Commission (SEC). The billionaire will be subject to “default judgment” if he fails to respond to the summons within 21 days, implying that...Read More
Ethereum-based decentralized exchange (DEX) SushiSwap released an update about its plans to return stolen funds to users affected by the $3.3 million exploit over the weekend. According to an announcement from the exchange’s official Twitter handle, users whose assets were taken by white hat security teams would be refunded quicker than those who lost theirs...Read More
On April 12, Andrew Bailey, governor of the Bank of England, stated during a press conference at the Institute of International Finance in Washington that stablecoins should be regulated in the same way as fiat money. According to Bailey, stablecoins lack an “assured value,” one of the main characteristics that people look for when investing...Read More
With the latest upswing, it would not be wrong to say that the Bitcoin price has surpassed the bearish pressure. The price has soared past $30,000 and has been able to sustain itself despite the bearish actions that continue to prevail within the markets. However, it doesn’t seem that the price may undergo a steep...Read More
The Singaporean cryptocurrency miner – Bitdeer – expects to go public on April 14 after finalizing the SPAC merger with Blue Safari Group Acquisition Corp. The former displayed its intentions to enter Nasdaq in November 2021. However, shareholders of Blue Safari delayed the initiative three times in the past several months due to the harsh...Read More
The Bitcoin price (BTC) began to bubble up from the $27,900 handle on Sunday, Apr 9. By Monday, it had entered into full rally territory, shooting up to $30,450 by Tuesday. But most of Jim Cramer’s audience probably missed the opportunity to make a cool 23% gain as he CNBC “Mad Money” host told viewers...Read More
The number of countries approving different types of bitcoin futures trading continues to increase, with the UK being the latest example. The London Stock Exchange Group has tapped Global Futures Options to start offering the nation’s first regulated trading clearing in bitcoin index futures and options derivatives. Although the exact date of the product launch...Read More
Elon Musk is now offering 1 million DOGE as a reward to anyone who can locate the whereabouts of the mine and provide proof of its existence. To set the record straight, a designer at Dogecoin, who goes by the Twitter handle ‘DogeDesigner,’ offered 69,420 DOGE to any media outlet that can prove the existence...Read More
Twitter is all set to roll out a new feature enabling its users to access stocks, cryptocurrencies, and other financial assets through a partnership with the fintech company eToro. The collaboration will focus on expanding Twitter cashtags to cover far more instruments and asset classes, as per an eToro spokesperson. eToro-Twitter According to a CNBC...Read More
Protocols that disrupt enjoy enormous growth, and this trend prevails even in TradFi. The most profitable companies have been businesses that have disrupted the traditional business model. Heading into 2023 disruptive crypto projects will undergo a period of unparalleled growth, and Uwerx, GMX (GMX), and Optimism (OP) will lead the charge. Uwerx (WERX) When it...Read More
This week we have joined Travel Rule Universal Solution Technology (TRUST), an industry-driven Travel Rule compliance solution for global virtual asset service providers (VASPs). In addition to the existing implementation of VerifyVASP and Notabene’s Sunrise Plan, TRUST is BitMEX’s latest initiative to further expand its Travel Rule capabilities, with the aim to enable compliance globally...Read More
Earlier this week, we enabled our new profit and loss (PnL) realisation feature – allowing cross-margining users to automatically realise their PnL for open positions, with the same margin currency, every 10 minutes. You can read about it here. Based on feedback from you, our traders, we have made additional improvements to the Open Position...Read More
[PRESS RELEASE – Please Read Disclaimer] San Francisco – ScalingX, a Web3 developer community and accelerator, has partnered with Buidlbox, a popular end-to-end hackathon platform, to launch “The Hunt for X” ZK Hackathon, a competitive virtual coding event that aims to explore Zero-Knowledge Proofing technology as a blockchain scaling solution. The event will run for...Read More
[PRESS RELEASE – Victoria, Seychelles, April 7th, 2023] OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether...Read More
As DeFi hacks continue, the latest protocols to be targeted by exploiters are Aave and Yearn Finance, according to blockchain security firm PeckShield. Aave’s version 1 was impacted, while versions 2 and 3 remained unaffected. The oldest version has been frozen since December 2022, and the team behind the lending protocol said it is monitoring...Read More
Bankrupt cryptocurrency exchange FTX has managed to recover a majority of its assets owed to customers and may be poised for a revival next year. The recovery was partly aided by an appreciation in crypto asset prices over the last few months, helping strengthen FTX’s balance sheet. Is FTX Coming Back? During a bankruptcy hearing...Read More
Bitcoin has shown tremendous resilience this year, surging past $30,000, raking in over 80% in YTD gains. But data suggests that there could be more room for growth. The flagship cryptocurrency surpassed major asset classes in an impressive turnaround from the market-wide rout just a year ago. Bitcoin Outflows to Personal Wallets Bank of America...Read More
