Day: 4 May 2023

Centralized crypto exchanges (CEX) experienced a decline in trading volumes for the first time in three months in April 2023, according to blockchain analytics provider Kaiko.  Trading volumes dropped to just over $500 billion, which is almost half the volumes recorded in March 2023, making it the lowest trading volume ...

Bitget has launched a $10 million "Blockchain4Youth" initiative to support the education and growth of blockchain technology. The project will offer blockchain courses and certifications through Bitget Academy and collaborate with universities globally to hold a series of campus lectures. The lectures will be dedicated to Web3 and begin in ...

The Nigerian government has announced a national blockchain policy aimed at promoting the development of a blockchain-based economy that enables secure transactions, data sharing, and value exchange among individuals, companies, and the government. This move is expected to benefit the country's public and private sectors and foster innovation, trust, growth, ...

Four prominent U.S. media outlets, including The Financial Times, Bloomberg, The New York Times, and Dow Jones, are continuing their efforts to uncover the identities of non-U.S. clients of FTX. On May 3, 2023, these media outlets submitted renewed objections to a previous motion that sought to keep these identities ...

OKX Ventures, the investment branch of Web3 technology firm OKX, has announced its investment in AlienSwap, a community-driven NFT marketplace and aggregator. The investment will enable AlienSwap to expand its operations and establish itself as a leading NFT marketplace. According to Dora Yue, the founder of OKX Ventures, the NFT ...

Several regional banks in the United States saw a significant decline in their stock values during after-hours trading on May 4, 2023. PacWest Bancorp, in particular, suffered a 52.5% drop, and this has led the bank to consider some strategic options.  According to Bloomberg, PacWest Bancorp is exploring options such ...

Coinbase will stop providing new loans through its Coinbase Borrow service, which offers eligible US customers cash loans using their crypto assets as collateral. The company sent an email to Borrow customers on May 3, 2023, stating that they will no longer be able to obtain new loans from May ...