News
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OKX and Circle collaborate to introduce zero-fee USDC transactions
- September 11, 2023
- Posted by: [email protected]
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No CommentsTwo prominent players in the world of blockchain technology, OKX and fintech firm Circle Internet Financial, made an exciting announcement on September 7. They revealed a strategic partnership that would bring USDC features to the OKX Wallet and the OKX DEX aggregator, marking a significant advancement in the cryptocurrency landscape. The primary objective of this
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G20 countries to introduce global framework for regulating crypto assets
- September 10, 2023
- Posted by: [email protected]
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Leaders of the world’s 20 largest economies, known collectively as the G20, advanced efforts to implement a comprehensive cross-border framework for the regulation of crypto assets at the recent G20 summit in New Delhi. This forthcoming framework is poised to have a far-reaching impact on users in numerous countries, as it entails the automatic exchange
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Thodex crypto exchange founder receives 11,196-year prison term in fraud conviction
- September 9, 2023
- Posted by: [email protected]
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Faruk Fatih Özer, the mastermind behind the now-defunct Turkish cryptocurrency exchange Thodex, along with his siblings Serap Özer and Güven Özer, have been handed a mind-boggling prison sentence of 11,196 years, 10 months, and 15 days, as per reports from local media outlets. Additionally, a judicial fine amounting to 135 million Turkish liras, or approximately
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Stake hack of $41 million links to North Korean Lazarus Group – FBI report
- September 9, 2023
- Posted by: [email protected]
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The Federal Bureau of Investigation (FBI) has pinpointed the notorious Lazarus Group from North Korea as the culprits responsible for a high-stakes heist of $41 million in cryptocurrency from the online crypto casino, Stake. As outlined in an official statement made earlier this week by the FBI, this daring attack occurred around September 4th, siphoning
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TON Foundation successfully transitions to Swiss non-profit organization
- September 8, 2023
- Posted by: [email protected]
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The team in charge of The Open Network (TON) blockchain has successfully completed its transition into a Swiss non-profit organization, which is a significant achievement for the cryptocurrency community. This transformation signifies a pivotal moment for the TONcoin community, as it aligns with Switzerland’s well-established regulatory framework for the cryptocurrency industry and the country’s rich
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Grayscale emerges as second-largest BTC entity in Arkham Intelligence report
- September 8, 2023
- Posted by: [email protected]
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Arkham Intelligence, a prominent on-chain analytics platform, unveiled a surprising revelation on September 6: Grayscale has secured its position as the second-largest Bitcoin (BTC) entity globally. This accolade is based on data showcasing over 1,750 wallet addresses linked to the holdings of the Grayscale Bitcoin Trust (GBTC). While each of these wallet addresses individually contains
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Crypto market-making profit margins suffer a 30% downturn due to shifting industry dynamics
- September 7, 2023
- Posted by: [email protected]
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The once highly lucrative realm of crypto market-making, a business centered on facilitating trades and capitalizing on the price spread between buying and selling, is grappling with a series of challenges. In recent times, a confluence of factors has combined to exert downward pressure on profit margins in this domain. A prominent factor contributing to
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Lido DAO receives funding request of $1.5 million to expand Solana liquid staking
- September 7, 2023
- Posted by: [email protected]
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The P2P team, a prominent player in the cryptocurrency space, has submitted a funding request of $1.5 million to Lido DAO, a well-known staking provider. The purpose behind this substantial financial request is to enhance Lido’s staking service on the Solana (SOL) network, reflecting the team’s commitment to advancing blockchain technology. This funding request, made
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Bitcoin bucks the trend as crypto funds witness a $342 million outflow streak
- September 6, 2023
- Posted by: [email protected]
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In a surprising turn of events, Bitcoin has defied prevailing market trends, standing resilient as crypto investment funds experienced a streak of outflows totaling $342 million over the past seven weeks. Despite this bearish sentiment dominating the crypto-backed investment fund sector, there are intriguing developments in the market worth exploring. Last week marked the third
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Synapse token’s price drops amid Nima Capital’s 9 million SYN token liquidation
- September 6, 2023
- Posted by: [email protected]
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The native token of a prominent decentralized finance (DeFi) cross-chain bridge Synapse (SYN), experienced a significant and sudden price drop on the 5th of September. Approximately 9 million SYN tokens were sold off by an anonymous liquidity provider, while all stablecoin liquidity was swiftly withdrawn from the platform. Synapse has garnered attention for its unique