Business
Hotbit Exchange, one of the prominent crypto platforms, has announced the suspension of its operations from May 22nd. The exchange has notified its customers to withdraw their funds by June 21, 4:00 am UTC, before the platform is permanently closed. Hotbit's decision came amid a series of […]
In November 2022 cryptocurrency exchange FTX filed for bankruptcy and billions of dollars in customer cryptocurrency disappeared. The situation led to a reflection on the importance of self-custody in relation to the storage of cryptocurrencies. Cryptocurrency industry veterans advocate self-custody, where people manage their […]
On April 11th, the International Monetary Fund (IMF) published its “Global Financial Stability Report”, which highlighted the need for comprehensive and consistent regulation for the digital asset sector. The report pointed to the failure of cryptocurrency companies such as FTX and the collapse of cryptocurrency-friendly banks such as the […]
Over the past two weeks, there has been a lot of positive news for the Polygon network, which could have led to an increase in the price of the MATIC cryptocurrency. However, the price of MATIC showed a steady decline, as seen in a chart showing two converging trend lines. This pattern is known as a descending wedge and […]
Cryptocurrency exchanges are looking to capitalize on the opportunity left by the collapse of FTX, once one of the largest derivatives exchanges for digital assets. As volume and liquidity in spot markets plummet, other exchanges are looking to capture market share and enter a space dominated by Binance, the largest […]
Silvergate Bank, a cryptocurrency-focused bank, has faced a crisis in recent days, with short sellers, customers and business partners abandoning the institution. Bank executives met face-to-face with US regulators at their California headquarters, and the Federal Deposit Insurance Corporation (FDIC) arrived with the […]
The Financial Times report published this Thursday (12) revealed that cryptocurrency exchange Genesis, belonging to the Digital Currency Group (DCG), owes more than US$ 3 billion to its creditors. In response, Barry Silbert's conglomerate is considering selling assets from its portfolio to try to help its subsidiary. According to sources […]
Professional cryptocurrency mining companies are defaulting on their often multi-million dollar loans, which has made the crisis in the sector even more serious in recent months and could lead creditors to bankruptcy. While still grappling with the fallout from the FTX meltdown, cryptocurrency lenders now also have […]
Fairspin became the first company to bet its chips on Blockchain and created a fully auditable system for casinos.
Despite Google's attempts to eliminate fake cryptocurrency apps, the war against malicious developers is far from won.
