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South Korea’s leading cryptocurrency exchange, Upbit, recently found itself embroiled in a fraudulent activities scandal involving counterfeit tokens. As a result, the exchange was forced to suspend all withdrawals and deposits of Aptos’ native token APT on September 24. The interruption also impacted the deposit return process for both the legitimate APT token and the
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Bitcoin traders have experienced a relatively calm week with an air of caution in terms of price action. This cautious sentiment has not only affected trading activity but has also significantly impacted trading volumes on major cryptocurrency exchanges. Both spot Bitcoin trading and Bitcoin derivatives trading volumes have experienced a considerable decline from their levels
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Bitcoin, the leading cryptocurrency, has historically experienced periods of dull price performance during the weekends. This trend continued during the most recent weekend, with little-to-no actual movements in its price. However, what is particularly noteworthy is the uncharacteristic stability observed in altcoins on a daily scale, with minimal fluctuations in their prices. Despite this overall
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Ethereum, one of the leading blockchain platforms, underwent a significant upgrade known as the Shanghai upgrade a year ago. This upgrade aimed to enhance network activity and strengthen the decentralized finance (DeFi) ecosystem. However, a recent report from JPMorgan suggests that the upgrade has not met expectations, as the network’s activity has decreased since then.
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In the midst of bearish market conditions, Polkadot (DOT) is strategically positioning itself for future success. Instead of succumbing to speculation, the network has made a conscious effort to prioritize technological advancement. This new approach was evident in the multiple presentations given by Polkadot, which highlighted their ongoing efforts and ambitious goal of achieving 1,000
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Google Cloud’s BigQuery service recently integrated 11 blockchain networks into its data warehouse, according to a blog post on September 21. This move demonstrates Google’s continued interest in blockchain technology and its commitment to expanding its blockchain coverage. Additionally, Google has introduced a new feature to simplify blockchain queries and enhance data accuracy. Google Cloud’s
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Crypto exchange Bybit recently announced its decision to leave the U.K. market in response to the upcoming implementation of new crypto marketing rules by the Financial Conduct Authority (FCA). This article examines the implications of these regulations on Bybit’s operations and the challenges faced by crypto companies in the U.K. Bybit’s announcement on September 22
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