In a significant move, Binance has announced that it will convert specific holdings of delisted cryptocurrencies into USDC by April 28, 2025. Users holding cryptocurrencies such as Tornado Cash, OMG Network, and Waves will need to take note of the deadlines. Withdrawals for these digital assets will be supported up until October 28, 2024, after
Crypto
Shiba Inu (SHIB), a prominent name in the meme coin sector, experienced a notable fluctuation in early October. After a minor downturn, the coin rebounded with a 4% increase, sparking speculation among analysts about its potential for a dramatic rally. Some experts are suggesting the possibility of a remarkable surge, with estimates of up to
In a remarkable turn of events, Premier League (PL) clubs are reshaping their sponsorship landscape, achieving unprecedented success with crypto partnerships. Recent reports indicate that they have secured a staggering $170 million in sponsorship agreements from cryptocurrency firms for the 2024/25 season. This shift comes amidst increasingly stringent regulations on gambling sponsorships that have been
On October 7, the cryptocurrency market witnessed a startling event as Bitget’s BGB token plummeted by an astounding 50% within a matter of hours. This drastic drop saw the token’s price fluctuate sharply from $1.14 down to $0.64. Although the decline sent shockwaves through the investor community, the token quickly regained some of its value
In a significant development for the cryptocurrency investment landscape, Tokyo-listed firm Metaplanet has reinforced its bullish stance on Bitcoin by purchasing an additional 108.786 BTC at a cost of 1 billion yen (approximately $6.7 million). This acquisition contributes to Metaplanet’s impressive total of 639.503 BTC, which now holds an estimated market value of around $40.6
In the realm of cybersecurity, the third quarter of 2024 presents a compelling paradox. While the total number of hacks has plummeted to a three-year low, with only 28 reported incidents resulting in an alarming $463.6 million stolen, the implications of this reduction are far from reassuring. A report from cybersecurity firm Hacken highlights a
Wrapped Bitcoin (WBTC) is at the forefront of decentralized finance (DeFi), offering a unique bridge between Bitcoin and other blockchains. Brought to life by an alliance of BitGo, Kyber Network, and Ren, this token aims to replicate Bitcoin’s value while enhancing its usability within ecosystems like Ethereum and Solana. With WBTC existing as a one-to-one
On October 2, 2023, Taiwan’s Financial Supervisory Commission (FSC) announced significant updates to its Anti-Money Laundering (AML) regulations concerning virtual asset service providers (VASPs). This move is part of a broader effort to enhance the regulatory framework that governs digital assets, particularly as the global landscape for cryptocurrencies continues to evolve rapidly. The updated regulations
In the cryptocurrency world, volatility is often a constant. However, recent events have made their mark on both Bitcoin and Ethereum Exchange-Traded Funds (ETFs) in the United States, with geopolitical tensions, particularly in the Middle East, potentially influencing investor sentiment. Following a period of robust growth with significant net inflows, the trend shifted dramatically over
OpenSea has long been regarded as a trailblazer in the NFT marketplace, but recent developments suggest that the platform is encountering significant hurdles. The past few months have been particularly trying for the company, marked by a noticeable drop in user engagement and a surprising exodus of key personnel. The departure of several executives—including the
