Crypto news

New York, NY, September 3rd, 2024, Chainwire Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a...

The Middle East is making strides in crypto adoption and regulatory development. Qatar now adds to that by introducing a comprehensive digital assets framework. More specifically, the regulations were introduced in the Qatar Financial Centre (QFC) by the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA). Like the UAE’s multiple free zones, the QFC is an independent economic zone aimed at fostering businesses and innovation in various fields. It...

Bitcoin miners made the lowest revenues in August since September 2023 as the network’s mining difficulty peaked at the highest it has ever been on August 31. August marked the worst month in revenues for Bitcoin miners this year and since September 2023. They mined a total of $827.56 million last month following a trend of reducing mining rewards since April’s halving event that reduced block rewards to 3.125 BTC. August’s revenues saw a 10.5% reduction from July when miners netted $927.35...

The Financial Times (FT) received Telegram’s financial statements, which reveal how intertwined digital assets are for the company’s revenues and worth. A Financial Times report dived into the financial health of Telegram, as the company has been the talk of news cycles with the arrest of its founder, Pavlov Durov, in France. It revealed the importance crypto plays in the firm’s financial health through various methods, including asset appreciation and revenues. Crypto Runs Deep in Telegram’s...

Oasys partners with SBI Holdings to speed up the growth and liquidity of its ecosystem. The collaboration has the goal of assuring the success of blockchain games that will launch in late 2024 Oasys, a blockchain platform known for its dual Layer 1 and Ethereum-based Layer 2 networks, has announced a strategic partnership with Japan’s financial powerhouse SBI Holdings, Inc. This collaboration revealed in Oasys’ August 29 press release, is set to accelerate the growth of the Oasys ecosystem...

August marked a worrying time for the industry as cybercriminals ransacked hundreds of millions of dollars. With the number of hacks and scams rising tremendously this year, August marked another bad month in terms of the amounts lost to cybercriminals. August witnessed about $313 million scammed from crypto holders and platforms. Blockchain security firm PeckShield shone a light on this, stating, “August 2024 witnessed 10+ hacks in the crypto space, resulting in ~$313.86 million in losses....

A new report from investment immigration consulting firm Henley & Partners reveals that Singapore is the global leader in cryptocurrency adoption. The report, part of the Henley Crypto Adoption Index 2024, highlights Singapore’s top position due to its supportive regulatory environment and widespread public use of cryptocurrencies. The survey also revealed that out of 60 points, Singapore was leading with 45.7 points in the index. Singapore has been ranked highly because of its advanced...

Venkate Exchange emerges as a trailblazer in the world of cryptocurrency, where tradition intersects with modern innovation. Inspired by Venkateswara, the deity known for symbolizing wealth and prosperity in Indian culture, Venkate Exchange is redefining the digital asset landscape with a secure, efficient, and forward-thinking trading platform that caters to a global audience. A Unique Fusion of Heritage and Innovation At Venkate Exchange, we believe that the future of cryptocurrency...

Arthur Hayes, co-founder of the crypto exchange Bitmex, has shared his positive outlook on Bitcoin’s future, especially in light of recent interest rate cuts by major central banks. Hayes has stated that all these actions could help a lot for the subordinate benefit of Bitcoin. Recently Hayes opined on the persisting trend of rate cuts with the U.S Federal Reserve, Bank of England, and the European Central Bank. He noted that all these central banks are opting for a reduction in interest...

High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the leading examples of high concentration of holdings among top wallets. Centralization Concerns in MATIC and SHIB According to the data shared by Santiment,...