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
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
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
India’s crypto ecosystem has received a glimmer of hope following the conclusion of the G20 summit. The summit, which represents the most influential economies worldwide, has fully endorsed the recommendations from the IMF and FSB as a Synthesis paper. These guidelines aim to provide a clear path for the policy and regulatory framework for crypto
A recent class action suit has targeted Fenwick & West, a law firm that previously provided services to FTX. However, in response, Fenwick has filed a legal defense seeking to dismiss the lawsuit. Let us delve into Fenwick’s arguments and analyze the grounds on which they defend themselves. First and foremost, Fenwick contends that the
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.
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
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
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
In recent weeks, the cryptocurrency market has witnessed a surge in explosive decentralized exchange (DEX) launched tokens. These tokens, often referred to as meme coins, have gained significant attention and popularity, attracting both experienced investors and retail traders. Among these meme coins, GOLD token and Wall Street Memes (WSM) have emerged as the latest breakout
Chainlink’s LINK price has shown positive signs of recovery after facing a decline. The price is now correcting gains, but it is expected to find support near crucial levels, which could lead to a fresh increase in the near future. Currently, Chainlink’s price is trading above the $6.50 level and the 100 simple moving average
The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Bit Trade Pty Ltd, accusing the company of not adhering to its design and distribution obligations (DDO) for its margin trading product. This violation has allegedly resulted in substantial financial losses for customers. The DDO framework was implemented to protect consumers and requires
The cryptocurrency market has recently seen a surge in activity surrounding Immutable X (IMX) tokens, with notable whale transactions capturing the attention of investors. These transactions have revealed significant movements of IMX tokens, indicating the accumulation of tokens worth over $18 million by a single entity. This accumulation is particularly remarkable considering the historical trading
The world of cryptocurrency is known for its volatility and unpredictability, with prices often fluctuating at the drop of a hat. However, one popular cryptocurrency analyst using the X handle EGRAG CRYPTO has sparked excitement among XRP enthusiasts with a bold prediction – a chance for Ripple’s native token to skyrocket to $1.40. But what