Tag Archives: AA News

Cryptocurrency exchange Bitfinex has released a report relaying its belief that the digital asset market may be in the early stages of a bull run. According to the latest edition of the Bitfinex Alpha report, several dynamics like bitcoin’s (BTC) ascent to the $35,000 price range and increasing institutional interest in the leading digital asset show that the market is gearing up for a bull phase. Bitcoin’s Surge and Large Liquidations Bitcoin’s surge to the $35,000 range on...

OKX has released yet another monthly Proof of Reserves (PoR), which reveals that the Seychelles-registered cryptocurrency exchange is over-collateralized with $12.5 billion in primary assets backing user funds. The latest disclosure marks a full year of PoR reports beginning right after the collapse of FTX. OKX’s Proof of Reserves (PoR) encompasses 22 widely-used digital assets including Bitcoin, Ethereum, and Tether. It also indicated that the platform has consistently...

The Starknet Foundation has announced its intention to allocate approximately 50 million STRK tokens as part of its Early Community Member Program (ECMP). This initiative, unveiled on October 30, is designed to reward and motivate the individuals who played a pivotal role in developing the Starknet ecosystem. Straknet Foundation’s ECMP Program In a significant move to reward and motivate early contributors to the ecosystem, the Starknet Foundation has announced the...

According to a recent Coinbase research, the tokenization of financial assets has been steadily gaining momentum since 2017, bringing the evolution of digital financial assets, including sovereign bonds, money market funds, and repurchase agreements. As per the report, the growth has been dramatically buoyed by the existing high-yield environments but still faces huge infrastructural and legal obstacles. Tokenization Market Primed for Growth The report says in part: “We...

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...

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...

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...

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...