Crypto news

Stars Arena said that the platform’s CEO Chill Pill, resigned from their position, a move that comes nearly a month after the decentralized social finance (SocialFi) application suffered a major smart contract exploit. Meanwhile, the protocol’s total value locked (TVL) currently stands at a little above $300,000, a significant decrease from a TVL of nearly $3 million before the hacking incident. Unknown Stars Arena CEO Leaves Position Stars Arena announced the news of its CEO...

The evolution of the cryptocurrency world is making crypto assets more popular and mainstream in finance today. This transformation is having a profound impact on how we conduct our transactions. With this growth comes an interesting observation. Per a report, crypto users spend $250 more per transaction than regular customers. This finding highlights the significant disparity in spending habits between these two groups. Its implications are...

In an effort to boost security, the BNB Chain has recently introduced a secure multi-signature wallet service known as BNB Safe{Wallet}. This service is built upon the Gnosis Safe protocol and is now accessible on both the Binance Smart Chain (BSC) and opBNB networks. The Gnosis Safe Multisig Wallet The BNB Chain has recently launched a multi-signature wallet service called BNB Safe{Wallet}, built on the Gnosis Safe protocol. The latter is a smart contract wallet known for...

While Binance remains the largest venue in the world for Bitcoin futures trading, another more regulated market is now following closely behind. CME Bitcoin Futures now stands as the second-largest Bitcoin futures exchange in the world by open interest, signaling rising intrigue from institutions seeking Bitcoin exposure. The Return of the CME to Bitcoin According to data from Coinglass, there are now over 103,000 BTC in futures open interest (OI) live on the CME, worth $3.54...

TL;DR The Shiba Inu burn rate has surged by over 7,400% in the last 24 hours, leading to over 369 million SHIB being removed from circulation. The burning program’s intent is to decrease the token’s overall supply, possibly increasing its scarcity and value; the coin’s price has risen by 12% weekly. Shibarium, Shiba Inu’s layer-2 scaling solution that launched in August, has quickly gained traction with over 3.5 million transactions and 1.3 million blocks. The popular...

Crypto custody solution Zodia Custody, partly owned by the UK multinational banking institution Standard Chartered, is expanding its services to Hong Hong Kong as part of its latest push into the Asian market. Meanwhile, Hong Kong continues to serve as a major attraction for crypto companies looking to set up businesses in a cryptocurrency-friendly environment. Zodia Custody Taps Into Hong Kong Market Amid Institutional Demand According to CNBC, Zodia Custody’s entry into...

TL;DR XRP’s Potential Rise: XRP surpassed $0.56 with predictions of reaching $0.66 soon, while another bullish forecast sees it hitting $220, though this requires a massive market cap increase. Comparison with BTC: Discussions suggest XRP might outpace BTC in 2024, especially if Ripple succeeds against the SEC. ChatGPT’s Insights: AI predicts positive momentum for both XRP (with a Ripple SEC win) and BTC, driven by regulatory developments like a US Bitcoin ETF approval....

BitMEX has made a strategic decision to enhance the utilization of Bitcoin block space and minimize withdrawal fees for its users. In a significant update, effective November 1, 2023, BitMEX will issue new Bitcoin deposit addresses to all its customers. BitMEX Reissues Bitcoin Deposit Addresses BitMEX has recently unveiled a significant update aimed at optimizing the use of Bitcoin block space and reducing withdrawal fees for its users. According to an October 30...

The United Kingdom is set to implement new regulations allowing authorized financial firms to work with overseas stablecoins. The new regulatory framework will be supervised by the Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) with a focus on minimizing potential risks and ensuring customer protection. UK to Permit FCA Authorized Firms to Collaborate with Oversees Stablecoins According to the UK Stablecoins Regulation, the UK...

The deployment of the 24,000 chips should be completed by February 2024. Voltage Park, a nonprofit organization founded by billionaire Jed McCaleb, has acquired approximately 24,000 Nvidia H100 chips for approximately $500 million. According to The Business Time, the organization plans to lease AI computing power at a low cost to address the shortage of these chips. Eric Park, CEO of Voltage, stated: “The current ecosystem for machine learning is fundamentally flawed.” Therefore, the...