Huobi Korea, a leading virtual asset exchange, has announced the termination of its local virtual asset trading services. The decision comes as part of the exchange’s strategic move to adapt to the changing market dynamics and improve its overall offerings. The termination is scheduled for January 29, reflecting concerns about the current industry environment.In addition […]
Crypto asset manager Grayscale Investments is reportedly in talks with investment banks JPMorgan and Goldman Sachs regarding their potential involvement in a proposed spot Bitcoin exchange-traded fund (ETF). Grayscale recently filed an amended application with the United States Securities and Exchange Commission, but did not list any authorized participants. However, it is worth noting that […]
The United States-based exchange Cboe has accepted the registration for listing shares of a spot Bitcoin exchange-traded fund (ETF) proposed by Fidelity Investments. The Fidelity Wise Origin Bitcoin Fund has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its shares as securities listed on the Cboe BZX Exchange. However, […]
A recent report from blockchain analysts suggests that the attacker responsible for draining $81.5 million from the Orbit bridge may have been involved in several other crypto cyberattacks in 2023. The report claims that the same criminal group may have targeted Coinspaid, Coinex, and Atomic Wallet using similar tools and patterns.The analysts attempted to trace […]
Crypto exchange OKX has announced that it will implement new requirements to comply with the rules set by the UK Financial Conduct Authority (FCA). Starting from January 8, users in the UK will be required to complete two questionnaires. The first questionnaire will assess users’ awareness of crypto investment risks and classify their investor profiles. […]
Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in market share last year, dropping to 44.5%. This decline followed a three-year period of growth, where Binance’s market share had reached a peak of 60% in 2022. However, the company faced regulatory hurdles in various jurisdictions, which contributed to the downturn.In 2023, Binance […]
Cryptocurrency asset manager Grayscale has filed an amended Bitcoin exchange-traded fund (ETF) application without listing authorized participant details. This move has raised questions and speculation among industry experts.The amended filing clarifies that authorized participants in the proposed ETF can only pay and receive cash for shares. However, Grayscale has left the names of its authorized […]
A relatively unknown altcoin called Tellor (TRB) experienced a significant surge in price, reaching an all-time high of $619 before quickly dropping back down to $136 within a span of 13 hours on December 31st. This unusual trading activity raised suspicions when it was discovered that the Tellor team had transferred a large amount of […]
The recent attack on Orbit Chain’s cross-chain bridge has resulted in nearly $100 million worth of cryptocurrency being stolen in December, making it the fifth-highest month for hacks in 2023. The exploit targeted the bridging service of Orbit Chain, a cross-chain protocol launched in South Korea in 2018. The breach occurred on December 31st, leading […]
The Securities and Exchange Commission (SEC) is taking action on the numerous applications for Bitcoin exchange-traded funds (ETFs) that have been submitted. Crypto firms have been given a deadline to make any necessary changes to their applications, indicating that the SEC is preparing to make a decision.In the world of Bitcoin, Indonesian police have shut […]
