The crypto market in East Asia has faced significant challenges in recent years due to China’s ban on crypto trading activities. As a result, the region has seen a decline in crypto-related activities, impacting its position as the fifth most active crypto market globally. However, recent developments in Hong Kong’s crypto landscape have sparked renewed
As Uptober makes its presence felt in the crypto world, an unexpected surge has occurred with the HairyPlotterFTX (FTX) token, skyrocketing by a massive +5,000% overnight. This sudden moon-shot takes a direct hit at the controversial crypto exchange FTX, which has recently faced significant negative publicity due to the legal battle of Sam Bankman-Fried, its
The year 2023 has been a challenging one for the cryptocurrency industry, as it has witnessed a surge in the number of hacks. By September 30, hackers had managed to steal a whopping $900 million, a staggering figure that surpasses the total stolen in similar attacks the previous year, which amounted to $2.7 billion. While
Crypto Whale Pumps, a growing group on the messaging app Telegram, has been attracting a significant number of crypto investors due to its history of delivering highly profitable trading signals. The group’s latest update revealed an impressive return on income (ROI) of 1,090% last week, with a success rate of 83.33%. Since the group’s formation,
Optimism (OP) has experienced significant gains in recent trading, with a notable 5% increase in the last 24 hours. This rise in price coincides with the overall improvement in the cryptocurrency market, which is showing signs of recovery. Over the past seven days, OP’s price has surged by an impressive 15%. While these developments are
Coinbase, a leading cryptocurrency exchange, has recently achieved a significant milestone in its global expansion strategy by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This highly sought-after license enables Coinbase to extend its payment services and digital token offerings to both individuals and institutions in Singapore. The approval
Kenya’s Ad hoc committee investigating the Worldcoin matter has brought to light alarming allegations regarding the company’s actions. According to local media, the committee claims that Worldcoin’s activities have “constituted acts of espionage and a threat to statehood.” The company, known for its controversial practice of scanning Kenyans’ irises in exchange for cryptocurrency tokens, operated
In a shocking turn of events, the notorious FTX exploiter has resurfaced after being dormant for ten long months. Recent on-chain data reveals that an address associated with the exploiter became active, and in the past 24 hours alone, over $17 million worth of Ether tokens have been moved. This comes as a continuation of
Since its inception in 2009, the cryptocurrency industry has experienced unprecedented growth, expanding in size and scope. As we enter the year 2023, there are now over 22,932 active cryptocurrencies in the market, highlighting the remarkable expansion of this sector. While most users tend to focus on the top cryptocurrencies, individuals who actively engage in
The recent JPEX crypto scandal has sent shockwaves through Hong Kong, a global financial hub and gateway to China. This Dubai-based cryptocurrency exchange stands accused of defrauding thousands of investors, resulting in losses exceeding $160 million. This scandal has brought to light the regulatory loopholes and lack of investor protection in Hong Kong’s nascent crypto
