Day: 2 September 2024

Cardano has successfully completed its Chang upgrade, marking a transition to a decentralized governance system that empowers ADA holders to shape the network's future. This upgrade introduces a significant change: decentralizing Cardano's governance via on-chain voting. According to the Cardano team, the blockchain is entering the "Conway ledger era," which ...

Digital asset investment products faced significant outflows last week, totaling $305 million, as reduced expectations for a U.S. interest rate cut, following stronger economic data, dampened market sentiment. According to CoinShares, this decline reflects a broader negative trend affecting various providers and regions within the crypto market. In a blog ...

OKX has announced that its local branch, OKX SG Pte. Ltd., has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). Meanwhile, Gracie Lin, a former official of the regulatory agency, has been appointed as the CEO of OKX SG. According to the press ...

IDA, a Hong Kong-based digital asset firm, has secured $6 million in seed funding to develop its inaugural fiat-backed and regulated stablecoin, HKD. The investment round was led by CMCC Global’s Titan Fund and Hashed.  In a press release on September 2, IDA revealed that its $6 million seed funding ...

Japanese investment firm Metaplanet has announced a collaboration with SBI Holdings' crypto division, SBI VC Trade, to enhance both companies' Bitcoin trading, storage, and management capabilities. SBI VC Trade is a cryptocurrency exchange platform offering spot and margin trading for various digital assets. According to the press release, which was ...

The story of Bitcoin investment in 2024 so far can be told in these words: it is one of steadfastness and strategic hodling. According to data from Glassnode's HODL wave chart, about 75% of all circulating Bitcoin hasn't moved in the past six months or more. Glassnode’s hodl wave chart. ...