The Bitcoin Asia Summit 2024 kicked off at the Kai Tak Cruise Terminal in Hong Kong, marking its debut in Asia. This premier Web3 fintech summit, typically held annually in the USA with over 50,000 attendees, attracted more than 10,000 participants on its opening day. One of the sessions, held...

On May 9, The Wall Street Journal reported, citing a source claiming to be a former Binance insider, that Binance’s market monitoring team in 2023 discovered prominent market maker DWF Labs engaged in $300 million worth of sham transactions, manipulating prices of at least six cryptocurrencies including YGG. After the...

A branch of the Gains Network, a DeFi product ecosystem operating on Polygon and Arbitrum, reportedly enables traders to claim tenfold returns on each transaction, regardless of the traded token’s price performance, according to blockchain security experts. Gains Network Vulnerability Gains Network, with a total value locked (TVL) of $20.29...

Over the past 24 hours, the price of XRP has dropped by 1.5% to $0.5136, following the SEC’s motion to impose a near $2 billion fine. Over the last week, XRP saw a modest decline of almost 1%, and over the past month, it experienced a 17% decrease. However, it...

The Bank of England (BoE) is set to keep interest rates unchanged in its upcoming Thursday meeting, as traders and market analysts keenly await insights from Governor Andrew Bailey’s statements for clues on potential rate cuts this summer. Current Interest Rate and Inflation Analysis The Monetary Policy Committee (MPC) of...

In a dynamic interplay between global economic signals and cryptocurrency market movements, recent activity has seen Bitcoin whales accumulating substantial amounts of Bitcoin as U.S. Federal Reserve officials adopt a hawkish tone, suggesting that interest rates may remain elevated for an extended period. This stance has heightened market uncertainties but...

The recent plummet of the Japanese yen to unprecedented lows has triggered fears of a new currency war in Asia, where competitive devaluations might emerge as a desperate tactic among neighboring countries. This scenario is seen as a plausible but undesirable path as nations strive to manage their weakening currencies...

Bitmex, a prominent cryptocurrency exchange and derivatives platform, announced on Wednesday that it is expanding its trading offerings by introducing options trading. This new feature allows users to trade a wide range of cryptocurrency options using Bitcoin, USDT, or USDC as collateral. Bitmex’s Strategic Move Founded in 2014 by Arthur...

The U.S. House of Representatives passed a resolution on Wednesday to overturn the Securities and Exchange Commission’s (SEC) guidance on cryptocurrency accounting, known as Staff Accounting Bulletin No. 121 (SAB 121). This policy has been a point of contention, particularly criticized by the cryptocurrency industry and Republican lawmakers for complicating...

In the complex world of cryptocurrency, governments around the globe are accumulating substantial amounts of Bitcoin, with the United States, China, and the United Kingdom leading the pack. Coinkite’s BitcoinTreasuries website, a resource dedicated to tracking Bitcoin holdings of major global entities, offers revealing insights into these trends through data...