News

According to CoinShares, digital asset investment products saw $55 million in withdrawals over the week of September 13-19. The decreasing euphoria surrounding the expected approval of a spot-based Bitcoin exchange-traded fund (ETF) contributed considerably to these outflows, with BTC alone seeing $42 million in outflows. Ethereum products also faced challenges, with $9 million in outflows,

China is reportedly considering the implementation of a social credit system in the metaverse and other virtual online worlds, similar to its existing social credit infrastructure. According to POLITICO, China Mobile, a state-owned telecommunications company, has put forth proposals for a digital ID system for all users in the metaverse and virtual online worlds. These

In the ever-evolving cosmos of cryptocurrency, the fusion of innovative tokenomics, community engagement, and forward-thinking strategies can propel a project from obscurity to the zenith of digital finance. As the crypto community yearns for projects that prioritize transparency, reward participation, and maintain a visionary stance, there emerges a beacon that embodies these ideals. This sets

The United States Securities and Exchange Commission (SEC) is reportedly poised to approve multiple applications for Ether futures exchange-traded funds (ETFs) concurrently, according to sources familiar with the matter cited by the Wall Street Journal. This development comes as at least 16 applications for Ether or Bitcoin-Ether futures ETFs await regulatory approval in the United

Bitcoin Ordinals, a Bitcoin-based nonfungible token (NFT) platform, has experienced an alarming decline in trading activity, with trading volumes plummeting approximately 98% since May. DappRadar, a data analytics platform, has reported a significant drop in Bitcoin Ordinals’ user activity, underscoring concerns about the platform’s longevity and relevance in the NFT space. According to DappRadar’s analysis,

LiFi, a multichain bridging protocol, has introduced a new multi-message aggregator designed to bolster decentralized autonomous organization (DAO) governance. Arjun Chand, LiFi’s research lead, announced this development on August 17 to address the need for enhanced security in cross-chain bridges, preventing potential governance attacks. The catalyst for this initiative stemmed from a vigorous discussion on

Elon Musk, owner of X (formerly known as Twitter), recently revealed his intention to remove the block feature from the social media platform, according to his post on August 18. This decision, however, has raised concerns among users who rely on the block feature to mitigate harassment and unwanted interactions. Musk’s announcement was in response

Tether, the issuer of the USDT stablecoin, has decided to discontinue its Bitcoin Omni Layer version due to a lack of user interest. The Bitcoin version of Tether was one of the pioneering stablecoins, but the team has announced that it will no longer issue new Tether tokens on the Bitcoin Omni Layer, as well

Coinbase’s recent authorization to provide cryptocurrency futures to U.S. retail customers is being hailed as a significant regulatory triumph in the midst of a contentious struggle with the country’s securities regulator. On August 16th, the National Futures Association (NFA), recognized by the U.S. commodities regulator as a registered futures association, granted Coinbase the green light

ZetaChain, a Layer-1 network, has successfully raised $27 million in funding to bolster its chain-agnostic platform, as announced on August 16th. Notable participants in this funding round include Blockchain.com, Sky9 Capital, Jane Street Capital, VistaLabs, Human Capital, Vy Capital, CMT Digital, and other prominent investors. Established in 2021, the ZetaChain protocol aims to standardize interoperability