Hong Kong aims to foster web3 hub with new regulatory measures for tokenization
Hong Kong is set to introduce more policy papers and circulars targeting tokenized assets, stablecoins, and cryptocurrency trading. This move is part of the city’s ongoing efforts to establish a web3 hub in Asia. Christopher Hui, Secretary for Hong Kong’s Financial Services and the Treasury, announced this initiative during the Hong Kong Fintech Week. Hui […]
Solana’s SOL soars 80% in October as Firedancer testnet launches
Solana’s (SOL) price has surged nearly 81% in the past 30 days, fueled by the testnet launch of its long-awaited scaling solution, Firedancer. The blockchain network’s token hit highs not seen since August of the previous year, reaching over $41 on November 2. The gains come on the back of Firedancer, which is touted as […]
Microstrategy’s Bitcoin strategy scores $900M gain amid BTC price surge
Business intelligence software provider, MicroStrategy Inc. has seen a substantial rise in its Bitcoin holdings, amounting to a paper gain of about $900 million, thanks to the recent Bitcoin price surge. The company, founded by Michael Saylor, has purchased an additional 6,067 Bitcoins since the beginning of the third quarter. The firm now holds a […]
Russian government plans to restrict private crypto mining
In a significant move, Russian lawmakers are contemplating a ban on private citizens from mining cryptocurrencies. However, industrial miners would be exempt from this prohibition. These revelations were made by Anton Tkachev, the Deputy Head of the State Duma’s Committee on Information Policy, Information Technologies, and Communications. He stated that Russian authorities are leaning towards […]
Bitcoin’s ‘Uptober’ surge ends, eyes set on $36K amid FOMC rate decision
Bitcoin (BTC) has concluded October with a near 30% price increase, marking its second strongest month of 2023. The cryptocurrency now enters November with a $36,000 target as investors eagerly await the Federal Reserve’s interest rate decision. Data from Cointelegraph Markets Pro and TradingView confirmed that Bitcoin bulls successfully held on to the upside into […]
Unibot suffers $640K loss in digital assets due to hacker exploit
In a recent cyber attack, Telegram chatbot Unibot has lost approximately $640,000 in digital assets. The company has assured its users of reimbursement for the stolen assets. The hacker was able to exploit a vulnerability in the newly implemented contract, leading to the theft. Unibot’s team is currently investigating the issue and plans to release […]
Valkyrie investments aims for green light with refined Bitcoin Spot ETF application
Digital asset management firm, Valkyrie Investments, has updated its filing for a bitcoin spot exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The revised registration statement is aimed at offering shares of the Valkyrie Bitcoin Fund. The fund will directly hold bitcoin if given the green light. The proposed ETF is expected to […]
Will XRP break the $1 barrier in the next crypto bull run?
Noteworthy crypto player, XRP, has seen a remarkable surge in trading volume and value, stirring speculation about its potential to exceed $1 in the next bull market. XRP’s trading volume has surpassed $2 billion in the last 24 hours, marking an impressive 160% increase compared to recent figures. This, coupled with its recent climb to […]
MakerDAO moves $250M of its Coinbase custody to safeguard DAI peg
MakerDAO has shifted $250 million from its Coinbase Custody account to replenish the collateral for its DAI stablecoin, following a drastic dip in the coin’s reserves. This move was triggered due to the collateral backing the DAI stablecoin falling below the intended levels. A surge of liquidations forced MakerDAO to utilize half of its $500 […]
Bitget and Floki in heated accusations of market manipulation after tokenfi listing
Following the listing and subsequent delisting of TokenFi (TOKEN) by Bitget crypto exchange, allegations of market manipulation have been exchanged between Bitget and Floki Web3 protocol teams. According to a social media post on October 31, the Floki team alleges that Bitget listed their token before its official launch, branding the listing as a “fake […]