The People’s Bank of China’s Digital Currency Research Institute Director, Changchun Mu, recently spoke at the China International Service Trade Fair, expressing the desire to see the Chinese CBDC, or renminbi, included in all online retail payment options. Mu noted that the currency has undergone a major upgrade in terms of its organizational forms and […]
Cryptocurrency investors are faced with two alternatives: either to buy the dip or explore altcoins. With the downtrends biting hard into crypto asset gains, investors are looking for the next cryptocurrencies to explode. Surprisingly, the investment tides appear in favor of the memes sector as assets in the category have reverted to exponential growth in […]
The total adjusted on-chain volume for the leading two crypto assets, Bitcoin and Ethereum, decreased by 6.3% to $176 billion in August. Bitcoin volumes fell by 6.7% and Ethereum by 5.7%, marking the fifth month of declines since March. On-chain volumes are down 56% from the same month last year.Stablecoin adjusted on-chain volume increased by […]
A class action lawsuit against the creators of HelbizCoin has been allowed to proceed by a United States District Court, as per a court ruling filed on Sept. 1. The lawsuit was first brought against Helbiz, its CEO Salvatore Palella, and its partners in 2020, with an amended complaint filed in March 2022. The case […]
Cryptocurrency has become a popular investment option for Turkish adults, with 52% of those aged 18 to 60 having invested in crypto, according to a survey conducted in May 2023. This is a 12% increase from 40% in November 2021, with young women aged 18 to 30 leading the charge with 47% investing in crypto. […]
Canaan, a Nasdaq-listed Bitcoin mining firm, reported a total revenue of $73.9 million in Q2 2023, a quarter-on-quarter climb from $55.2 million. This figure was comprised of $57.9 million in product revenue and $15.9 million in revenue generated from Bitcoin mining operations. The growth in revenue was attributed to the company’s expansion into new mining […]
Alex Gluchowski, co-founder and CEO of Matter Labs, has proposed an Ethereum court system resembling a hierarchical court system similar to the real world. In a post on Twitter, Gluchowski suggested the idea of an “Ethereum Supreme Court” — which would work similar to the United States Supreme Court — to serve as a final […]
Ripple has filed a motion requesting the court to deny the SEC’s certification request for an immediate appeal of a recent court ruling that went against the regulator in its case against the firm. The court ruled in July that automated open market sales of Ripple’s cryptocurrency XRP to the general public did not constitute […]
FTX, a bankrupt crypto exchange, has recently moved $10 million worth of digital assets from the Solana network to Ethereum, raising concerns that it could be the beginning of a series of token dumps. According to blockchain analytics platform Arkham Intelligence, the FTX wallet has transferred $6.23 million worth of Ether and more than $4 […]
The US National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and the UK National Cyber Security Centre (NCSC) have released a joint report warning users to be vigilant against a recently discovered malware that is targeting crypto wallets and exchanges.The advisory report revealed a malware campaign conducted by […]
