South Korea’s leading crypto exchange, Upbit, and its parent company, Dunamu, have recently celebrated a victory as the nation’s Supreme Court acquitted Dunamu’s Chairman Song Chi-hyung of fraud charges. The charges were related to allegations of manipulating platform data by creating fake member accounts on Upbit to artificially boost trading volumes. This article delves into
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Bitcoin (BTC) has once again defied expectations and made a surprising turn of events by reaching a new yearly high. After a brief consolidation phase, the leading cryptocurrency regained its bullish momentum and skyrocketed to a peak of $38,000 before momentarily retracing to its current trading level of $36,400. This unexpected surge has ignited speculation
The European Parliament recently announced its approval of the Data Act, a legislation that covers various aspects, including regulations for smart contract development. This article delves into the potential implications of the Data Act on the blockchain sector, as well as the concerns raised by industry members. With a majority vote of 481 in favor
FTX’s native token, FTT, experienced an impressive surge of almost 90% within a 24-hour period, reaching a nine-month high of $2.33. This price rally was triggered by the suggestion of SEC Chair, Gary Gensler, who hinted that the insolvent exchange could potentially be revived under the right leadership. Gensler emphasized the importance of operating within
Trust Wallet’s native token (TWT) recently experienced a significant price drop of 21%, leading some investors to wonder if the wallet is on the brink of collapse. This decline in price came after Binance, the well-known cryptocurrency exchange, announced the launch of its own Web3 self-custody wallet. With Binance’s entry into the market, competition for
WeMade, a leading South Korean gaming company, recently celebrated a milestone as its WEMIX coin secured a new listing on the domestic crypto exchange, Gopax. However, this success didn’t come without its challenges. In November last year, WeMade faced controversy when the nation’s self-regulating committee, the Digital Asset Exchange Alliance (DAXA), unilaterally delisted the WEMIX
Radiant Capital, a lending and borrowing protocol that operates across multiple blockchains, is quickly gaining ground on Aave in terms of earnings. Statistics from Token Terminal indicate that in the past six months, Radiant Capital has generated an impressive $5.8 million in revenue, despite having lower liquidity compared to Aave. This notable achievement suggests a
In a recent interview with Bloomberg, Grayscale CEO Michael Sonnenshein shared the latest developments regarding the company’s proposed spot Bitcoin ETF. Grayscale has expressed its intentions to convert its existing Grayscale BTC (GBTC) fund into an ETF, and Sonnenshein provided insights into the current interactions with regulators. Sonnenshein emphasized that Grayscale has been diligently working
The integration of Artificial Intelligence (AI) into the financial sector has given birth to a new wave of investment strategies, particularly within the cryptocurrency industry. AI crypto startups are now at the forefront, capturing the attention of investors with their promise of simplified and informed trading experiences. These companies offer innovative solutions designed to distill
Efforts to revive FTX are drawing near a close with three possible buyers, according to recent reports. The former New York Stock Exchange (NYSE) president, Tom Farley, has expressed interest in purchasing FTX through his crypto exchange, Bullish. Alongside Farley, the crypto VC firm Proof Group and the fintech startup Figure Technologies are also vying
