The Open Network (TON) has recently reached a significant milestone, capturing the attention of both enthusiasts and analysts within the crypto space. With its linkage to Telegram, a leading social messaging platform, TON has seen an explosion in unique wallet addresses, now exceeding 100 million with non-zero balances. This rise represents an impressive 95% increase
Crypto
In a significant update for cryptocurrency traders, Binance has announced that it will convert specified holdings of recently delisted cryptocurrencies into USDC by April 28, 2025. Users holding coins such as Tornado Cash (TORN), Vai (VAI), and others, now face a critical timeline with withdrawals of these coins allowed only until October 28, 2024. This
On the morning of October 7, the cryptocurrency market experienced an unexpected shock as Bitget’s BGB token plummeted 50%, dropping from $1.14 to $0.64. Although the price rebounded shortly thereafter, the abrupt change raised numerous questions about market stability and risk management within cryptocurrency platforms. Such volatility can unsettle investors and highlight the sensitive nature
Metaplanet, a well-known player in Japan’s cryptocurrency market, has made headlines yet again with its recent acquisition of 108.786 Bitcoin for 1 billion yen, translating to approximately $6.7 million. This move is an indicator of the firm’s unwavering bullish outlook on Bitcoin, which it now considers a pivotal component of its treasury reserve strategy. With
The month of October has exhibited a tumultuous journey for Shiba Inu (SHIB), often characterized by the whims of cryptocurrency markets. Initially, this meme coin saw a downturn, prompting worries among investors as it fluctuated with the broader trends in the crypto sphere. Yet, just as analysts and traders began to adjust their expectations, SHIB
The world of sports sponsorship is undergoing a significant transformation, particularly within the Premier League (PL), where clubs are increasingly turning to cryptocurrency firms as a fresh source of revenue. A recent report from Bloomberg has highlighted that PL teams have collectively secured a record-breaking $170 million in sponsorship deals with various crypto companies for
The cryptocurrency market is known for its volatility, but even by its standards, the past week has been particularly turbulent for Bitcoin and Ethereum exchange-traded funds (ETFs). Following a notable period of significant capital inflow, recent geopolitical tensions, particularly surrounding conflicts in the Middle East, seem to have prompted a drastic shift in investor sentiment.
Wrapped Bitcoin (WBTC) represents a fascinating evolution in the cryptocurrency landscape, serving as a bridge between Bitcoin and decentralized finance (DeFi). Developed through a collaboration among BitGo, Kyber Network, and Ren, WBTC allows users to utilize Bitcoin on smart contract platforms like Ethereum and Solana at a 1:1 ratio. This innovative solution not only enhances
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) introduced significant updates to its Anti-Money Laundering (AML) framework targeting virtual asset service providers (VASPs). The FSC’s initiative aims to reinforce supervisory control over a rapidly evolving digital asset market, marking an important step in regulating the cryptocurrencies that have proliferated globally. The new regulations will come
As we wrap up the third quarter of 2024, the cybersecurity landscape presents a paradox: while incidents of cyber-attacks have plummeted to a three-year low, the repercussions of those that did occur reveal alarming vulnerabilities. Only 28 breaches were reported during this period, resulting in a staggering loss of $463.6 million. While on the surface,
