Crypto news

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,...

Ethereum co-founder Vitalik Buterin has once again transferred a large amount of ETH, sparking fresh discussions within the crypto community. According to a report from Lookonchain, Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. Shortly after, 190 ETH from this wallet was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. Is Buterin Offloading ETH? This transaction follows a larger transfer Buterin made on August 9, where...

The Bitcoin hash price, a metric measuring miner revenue per terahash or computing power, has fallen to its lowest level ever. According to recent data, this is a sign of upcoming bullish momentum. A Quicktake by CryptoQuant analyst Woominkyu revealed that the current level of the bitcoin hash price indicates a good buying opportunity. A Buying Opportunity Woominkyu shared a chart highlighting the relationship between the price of bitcoin and the network’s hash price. The...

TL;DR Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin. Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year. SHIB’s Adoption on the Rise The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, it has increased its support for the self-proclaimed Dogecoin-killer, enabling various trading services with it. Earlier...

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