THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform. The decision was made after consultation with advisors, legal counsel, and law enforcement. THORSwap will remain in this mode until a more permanent and robust solution can be implemented to ensure […]
BTCC, a renowned cryptocurrency exchange, has recently made significant updates to its VIP program, aiming to provide more benefits to its users. The revised program offers reduced trading fees for all VIP customers and simplifies the requirements for tier upgrades. This initiative has fueled a significant increase in BTCC’s active user base and daily trade […]
The amount of Ether (ETH) on cryptocurrency exchanges has dropped to its lowest since May 2018, with 10.66 million coins currently situated on centralized platforms. On the contrary, 115.88M ETH is now outside of exchanges, an all-time high. On October 4, 110,000 ETH (worth over $180 million) moved off of exchanges, suggesting reduced selling pressure […]
Binance, the world’s largest cryptocurrency exchange, has announced plans to adjust the tick size for 25 spot trading pairs by October 10, 2023, without affecting existing orders. Additionally, the exchange will delist 19 trading pairs on October 6, all involving BUSD. This follows Binance’s earlier announcement to discontinue support for the stablecoin, BUSD, next year. […]
FTX, a collapsed crypto exchange, may be able to make customers whole thanks to its early investment in Anthropic, an Open AI rival. In April 2022, FTX invested $500 million in Anthropic, and now the AI startup is in talks to raise $2 billion in fresh funding. This comes days after Amazon announced plans to […]
An investigative report published by Forbes on October 5th has revealed that Binance, the world’s largest cryptocurrency exchange, may have overstated the success of its 2017 Initial Coin Offering (ICO) for Binance Coin (BNB). According to the report, Binance founder and CEO Changpeng Zhao declared the ICO a success, claiming it had raised $15 million […]
Litecoin (LTC) is currently trading at $64 and has seen a 1.5 percent rise in the last 7 days. The digital asset has been mirroring Bitcoin’s price movement and is looking to break out of the $70 local resistance. Investors have placed orders to buy 234,370 LTC when the price drops 5 percent to hit […]
Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, testified in the criminal trial of former CEO Sam “SBF” Bankman-Fried on October 5. Wang admitted to committing crimes with the help of Bankman-Fried, former Alameda Research CEO Caroline Ellison and former FTX engineering director Nishad Singh. Wang stated that Bankman-Fried was […]
Images of a Bitcoin wallet, BitKey, developed by Jack Dorsey’s company, Block Inc., have surfaced as reports suggest that the product’s beta is nearing its distribution stage. The wallet is designed with self-custody in mind, ensuring that users have full control over their crypto balance. It is expected to include various secondary features including fingerprint […]
Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently on trial for alleged fraud. On the third day of the trial, Adam Yedidia, Bankman-Fried’s former roommate at MIT and FTX developer, testified about the $8-billion deficit the exchange reported prior to its bankruptcy. Yedidia informed Bankman-Fried about a bug in FTX’s code which […]
