JPEX, a Hong Kong-based cryptocurrency exchange, has reportedly begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to The South China Morning Post. An unidentified user claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable to withdraw their […]
The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a data-gathering platform called Project Atlas. This platform will combine off-chain and on-chain data to create novel statistics and vet existing information. It will track and estimate the flow of digital assets across specific geographic locations. The Deutsche Bundesbank and […]
The Bank for International Settlements (BIS) has launched Project Atlas, a proof of concept aimed at exploring the economic impact of crypto assets and decentralized finance. The project is a combined effort of the BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche Bundesbank. It seeks to streamline the data collection process from […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]
The Department of Justice (DOJ) has recently unsealed eight indictments in a significant move against the illicit production and distribution of fentanyl and methamphetamine. The indictments also encompassed crimes associated with the sale of precursor chemicals, revealing the multifaceted nature of the illegal drug trade. Cryptocurrency has become a key facilitator for these criminals, allowing […]
Former FTX CEO Sam Bankman-Fried, also known as SBF, is facing criminal charges in a trial that began on October 4th. The prosecution has called witnesses, including a London-based cocoa broker named Marc-Antoine Julliard, who spoke of learning about the crypto exchange from a friend and seeing advertisements for the firm by Gisele Bündchen. Julliard […]
Solana token SOL has dropped 8% since October 1, reaching $22.8 in the New York hours of October 4. Technical analysis of the daily and weekly charts, as well as macroeconomic conditions, suggest a bearish continuation for Solana in Q4.The coin has been charting within a technical pattern called the “rising triangle”, with a flat […]
TMX Group, the largest exchange in Canada, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform, Montréal Exchange (MX). The move is in response to the growing market demand for digital cryptocurrency asset classes. The Bitcoin Price Index Futures will enable investors to hedge exposure to Bitcoin spot trading and explore […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, which is dedicated to transforming TON into an accessible platform as a simple gateway […]
Celsius Network, a bankrupt digital asset lender, has presented a restructuring plan in a US bankruptcy court filing that will generate funds for a new corporate spinoff, dubbed “NewCo”, and repay customers. The plan provides for a distribution of at least $2.03 billion of cryptocurrency to creditors, subject to fluctuations in the cryptocurrency market. NewCo […]
