Tag Archives: social

Although the most violent months of inflation increases in the developed world seem to be behind us, there are still countries where the rising costs of essential goods are threatening the local economies and people. Moreover, many economists are predicting higher inflation rates in the upcoming months coming back to the US and other nations, especially with winter approaching us. With the declining purchasing power of (almost) all fiat currencies, one may wonder what they...

Ever since the word investing existed, gold has been among the most popular (if not the most popular) investment tools for wealth preservation. This is because of its unique characteristics like limited supply (scarcity) and lack of central authority behind its creation (kind of). However, its performance on weekly, yearly, and even 10-yearly scales is not all that impressive. At the same time, BTC is a much newer concept that takes gold’s unique qualities a step further....

The hacks against cryptocurrency projects continue in full force, with the latest victim being the Avalanche-based social app – Stars Arena. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform, which later apologized and raised hopes to make users whole again. Launched about a week ago, Stars Arena quickly garnered the community’s attention, perhaps due to its many similarities to the Ethereum-based...

The crypto market may have failed to post a bullish breakthrough in September, but that did not stop malicious entities from stealing funds. According to the latest stats by CertIK, approximately $332 million in various digital assets has been lost to exploits, hacks, and scams in September September Sees Record-Breaking Losses Funds pilfered by exit scams were recorded to be around $1.9 million, while flash loans accounted for almost $0.4 million. Crypto-related exploits, on...

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions. BIS and Central Banks Collaborate on CBDC Test As per reports, the novel project leverages the concepts of Decentralized Finance...

The US commodities regulator has targeted yet another crypto exchange for allegedly running a “fraudulent” digital asset commodity scheme, The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the US District Court for the Southern District of Florida against Pennsylvania-headquartered Mosaic Exchange Limited, along with its owner and Chief Executive Officer Sean Michael, for operating a fraudulent digital asset commodity scheme. The CFTC alleged...

There appears to be no end to the JPEX saga. In the latest development, Hong Kong and Macau authorities have made fresh arrests of 18 suspects in the JPEX crypto exchange case. A total of $2.8 million has been seized in both cash and gold. Untangling JPEX Mess A report from local media revealed that charges against two individuals were filed in Hong Kong for utilizing Macau casinos as a means to launder illicit funds. This led to the seizure of casino assets as well as $1.7...

Minswap – which is the largest decentralized exchange on Cardano – witnessed a spike across various metrics after months of low activity. According to the latest update by DappRadar, Minswap’s unique active wallets (UAWs) and transaction count increased by 89.85% and 63.05%, respectively over the past seven days. The volume was also up by a modest 16% in the last seven days. During the same period, Minswap added 11.29k UAWs, 129.59k transactions, and $592.08 million in...

Asset managers continue to actively explore digital asset products, with Bitwise poised to launch trading for two Ethereum-themed ETFs next week. The release of the two products is expected to enable investors to gain exposure to CME Ether futures through the widely popular and regulated ETF format for the first time. Bitwise’s Ethereum-Themed ETFs One of the crypto index fund managers – Bitwise – announced that the trading of the Bitwise Ethereum Strategy ETF (AETH) and the...

Bitcoin’s price movements continue to be rather unimpressive but the asset has nevertheless managed to stand just above $27,000. The altcoins have also seen minor gains, with SOL and MKR popping up as today’s top performers. BTC Above $27K Last weekend didn’t go all that positive for bitcoin, as the asset spent it trading sideways at $26,600. The start of the new week was more painful. In a matter of hours, BTC slumped by several hundred dollars and dipped below $26,000....