Crypto news

OKX launches Alpha Traders, an invite-only community for on-chain influencers, driving product development and community growth through direct feedback. OKX has introduced ‘Alpha Traders,’ a new invite-only community aimed at influential on-chain traders. This initiative places active traders at the center of OKX Wallet’s product development. It allows Web3 voices to have a continuous open dialogue with the product and growth teams at OKX. Members of ‘Alpha Traders’ are involved in the...

BitOasis obtains a full VASP license, enhancing its MENA activities. CoinDCX acquires BitOasis, strengthening its presence in the MENA region. Virtual asset-leading platform BitOasis has won the Virtual Asset Service Provider definitive license offered by Dubai’s Virtual Assets Regulatory Authority. This would be a step from onboarding under a provisional license from VARA back in 2022, followed then by winning an MVP license at the turn of 2023- this makes a march forward for BitOasis that...

Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance. Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency. Strategic Expansion Figures shared by the on-chain data platform Token Terminal show that Tether’s $20 billion issuance on the world’s largest blockchain by total value...

TL;DR Pi Network users in South Korea surpass Binance’s user base in the country. The project’s open mainnet launch awaits final verifications, with updates expected in the following weeks. Pi Network Outpaces Binance on This Front The cryptocurrency project Pi Network, which allows individuals to mine digital assets directly from their smartphones, remains one of the most discussed topics in the space. It saw the light of day over five years ago but its open mainnet and...

Tkachev indicates a Bitcoin reserve to ensure Russia’s financial stability. Russia’s crypto policies are evolving, including tax breaks and mining authorization. Russian State Duma Deputy Anton Tkachev has suggested that the national Bitcoin reserve be created in order to strengthen financial stability in Russia further. The deputy of the New People party proposed the initiative and sent it to Finance Minister Anton Siluanov. He suggested that Bitcoin could become an independent asset,...

OKX Ventures invests $5 million in TON Ventures to support blockchain growth, enhance developer networks, and drive mass blockchain adoption. OKX Ventures, the investment branch of OKX, has committed $5 million to TON Ventures. This fund is dedicated to boosting growth within The Open Network (TON) blockchain ecosystem. The move aims to build a strong network of skilled developers to set technical standards for TON projects. This is a strategic direction in line with the OKX Ventures $10...

Nearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth. Inflows into the 12 funds have surpassed 500,000 BTC. Spot Bitcoin ETFs Attract Over 500K BTC In an X post, Vetle Lunde, head of Research at the digital assets research firm K33, stated that spot bitcoin ETFs currently have 500,925 BTC in cumulative net inflows, worth over $50.5 billion at today’s price. Notably, BlackRock’s...

Riot’s $500 million sale aims to increase its Bitcoin holdings. The use of convertible debt to buy Bitcoin is becoming more prevalent in company planning. Major Bitcoin infrastructure company Riot Platforms made an announcement today on its offering of $500 million convertible senior notes. The deal is available to accredited institutional investors, with an add-on purchase option of up to $75 million in three days from the primary transaction. The company would utilize the proceeds for...

VERO Labs will launch a custom L1 blockchain on Avalanche to support creators, empower fan engagement, and unlock new revenue opportunities. VERO Labs, the social technology firm behind the ad-free social network VERO, has announced its plan to launch a custom Layer 1 (L1) blockchain on the Avalanche network. According to the press release, this development will be unveiled during Abu Dhabi Finance Week. It seeks to take advantage of the many-trillion-dollar fan-based asset economy. It also...

On December 11, privacy coins stole the spotlight as the market surged, led by notable gains across key tokens. Data collected from crypto price tracking websites revealed that Verge (XVG) rose by 37.4% across 24 hours, with Zcash (ZEC) and Monero (XMR) also posting significant gains, up 15.4% and 12.3%, respectively. Privacy Coin Resurgence The sector repeated the feat on December 12, with figures from CoinGecko indicating that privacy coins have increased 10.3% over the...