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Hata receives in-principle approval to be fifth Malaysian digital exchange
11.10.2023
The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals
Speculation vs. Utility: Cryptocurrency's Identity Crisis
11.10.2023
The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu.
The reason for this new identity crisis in crypto, according to Sindreu, is that the sector has largely turned into a speculative bet on their...
Report: Long-Term Holders Gobble Up $1.35B in Bitcoin Each Month While Altcoin Mania Lies Dormant
11.10.2023
Seasoned crypto investors continue scooping up bitcoin (BTC) at a rate of 50,000 coins per month valued at $1.35 billion, according to blockchain analytics firm Glassnode’s latest onchain report. This supply tightening comes as the broader digital asset market remains “exceptionally...
Ethereum Inflation Rises as Onchain Activity Declines; $35.31M Added in 17 Days
11.10.2023
Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously...
Biggest Movers: DOGE Higher on Wednesday, After Falling to Recent 7-Week Low
11.10.2023
Dogecoin was marginally higher on Wednesday, after moving back above a recent support point during today’s session. The meme coin fell to a seven-week low on Monday, however bulls have moved to buy the dip. Toncoin was another token to rise, reentering the $2.00 region in the process. Dogecoin...
Standard Chartered’s Research Predicts Ethereum to Hit $8K by 2026 and Eyes $35K Long-Term
11.10.2023
Ethereum might soar to $8,000 by 2026, suggests a fresh investors memo penned by Standard Chartered’s lead on forex and crypto research. Geoffrey Kendrick, alongside his analytical squad at the bank, pinpointed Ethereum’s stronghold in smart contracts, gaming, and tokenization as...
Bitfinex is looking for a $150 million share repurchase
11.10.2023
Bitfinex’s proprietor is contemplating a $150 million share repurchase as a means of enhancing its operational control over the private company. The reason is more pressing as the emphasis on regulatory aspects continues to grow. Hong Kong-based iFinex has the same board of directors...
Galxe shares recovery plan for affected users
11.10.2023
Galxe suffered a security issue on October 6, 2023. The venture has now come up with a plan to make recovery accessible to those users who were affected. Reference first: select users had authenticated a transaction on the phishing site. Thereby, they lose their funds to the scammers. However...
Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF
11.10.2023
Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which...
Solana gains while Ethereum loses, a stark comparison
11.10.2023
Solana has just seen one of the biggest inflows to the network. These are worth $24 million. While the inflows are a part of the development, this one comes as a major announcement because Ethereum, on the other hand, has seen outflows from the network. It happened in just a week, further cementing...
Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project
11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...
Ethereum’s game changing two-tiered staking for enhanced security and scalability
11.10.2023
Ethereum is the second-largest crypto in terms of market cap and the first blockchain-based smart contract to undergo a historic transformation from an energy-intensive mechanism of proof of work (PoW) to a more eco-friendly consensus mechanism of proof of stake (PoS). PoS fundamentals have...
Coins.ph and Circle encourage Philippine financial inclusion
11.10.2023
Coins.ph has announced a strategic partnership with Circle to boost financial inclusion across the Philippines. The idea is to facilitate a USDC-based remittance mechanism to cover the section of the population that is still unbanked. According to statistics, nearly 44% of the population...
Bitmain Halts Employee Salaries Amid Financial Woes, Report
11.10.2023
Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker...
Cardano’s lead in the DeFi environment superseded by Bitcoin Spark’s remarkable potential
11.10.2023
Cardano is an emerging digital currency that has garnered an exponential number of retail and institutional investors. Charles Hoskinson, the CEO and founder of Cardano’s Foundation, has developed the project to promote transparency and efficiency. This has steadily increased...
Bitstamp’s departure from Canada is ‘timing issue,’ says CEO
11.10.2023
Bitstamp’s decision to discontinue operations in Canada is “primarily a timing issue” related to the firm’s expansion priorities, Bitstamp U.S. CEO said
Bitstamp to cease operations in Canada
11.10.2023
According to Bitstamp’s plans for the beginning of 2024, the crypto company will shut down all its operations in Canada. The actual reason behind this move has not exactly been divulged, but as per the CEO of Bitstamp, Bobby Zagotta, this decision was reached after much deliberation, and he added...
Binance CEO Changpeng Zhao Shares Thoughts on Bitcoin Halving
11.10.2023
Changpeng “CZ” Zhao, founder and CEO of Binance, has shared his thoughts on the upcoming Bitcoin halving. Using Binance Feed, the X-like social feed of the exchange, Zhao explained that Bitcoin prices won’t double immediately after the halving and that new all-time high (ATH)...
Ripple’s latest updates: What’s new and what it means for XRP holders
11.10.2023
In the recent few years, Ripple has become a notable service provider of seamless and world-class blockchain solutions. This crypto company has made a mark in the industry due to a variety of updates it has done recently. It is worth noting that these developments have captivated the attention...
Why you should care about the Bitcoin Cash halving right now!
11.10.2023
Bitcoin Cash came into existence in 2017. Bitcoin Cash (BCH) is the hard fork of Bitcoin, meant to prioritize expeditious and cost-effective transactions. The measure taken to realize this purpose was a limitation enlargement of the blocks, thereby allowing more trades to be incorporated into each...